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Global Blockchain Technology Market Demand, Supply, Growth Factors, Latest Rising Trend & Forecast to 2025
Global Blockchain Technology Market
Some of the key players influencing the market are IBM Corporation, Microsoft Corporation, Ripple, Chain, Inc., Digital Asset Holdings, Bitfury USA, Inc., Amazon Web Services, Inc., Earthport PLC., BTL Group and Accenture among others.
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A Blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Blockchain applications are being used in many industries as a secure and cost-effective way to create and manage a distributed database and maintain records for digital transactions of all types. The blockchain is a public electronic ledger of transactions between users each one time-stamped and linked to the previous one, so it cannot be altered or duplicated. Blockchain technology is very secure due to its distributed structure and consensus-driven mechanism, all participants in the peer-to-peer network need to validate the transaction.
The key driving factors which are contributing to the growth of the blockchain technology market are the elimination of third-party intermediaries, the creation of transparency and immutability in the transactions as well as it is less time consuming and requires fewer transaction costs. However, the lack of awareness about the blockchain technology and regulation problems hampering the growth of the global blockchain technology market. The report aims to provide an overview of global blockchain technology market with detailed market segmentation by type, application, service provider, vertical and geography. The global blockchain technology market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics influencing the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the market in these regions.Also, key blockchain technology market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, a key development in the past five years.
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