Blockchain Distributed Ledger Market Expected to Reach $5,430 Million by 2023 | CAGR 57.6%
Access Full Summary: https://www.alliedmarketresearch.com/blockchain-distributed-ledger-market?utm_source=OPEN&utm_medium=Nee
According to a new report published by Allied Market Research, titled,"Blockchain Distributed Ledger Market by Type and End User: Global Opportunity Analysis and Industry Forecast, 2017 - 2023,"the global blockchain distributed ledger market accounted for $228 million in 2016, and is expected to reach $5,430 million by 2023, growing at a CAGR of 57.6% from 2017 to 2023. North America dominated the global market in terms of revenue in 2016, accounting for more than 40% share of the global market, followed by Europe.
Negligible fees for transaction in blockchain distributed ledger applications, elimination of third parties in business deals, and less chances of fraud & identity theft are the key drivers of the global blockchain distributed ledger market. Also, better security measurements, improved capital optimization, and transparency and independence are expected to drive the blockchain distributed ledger market. Moreover, increase in awareness toward blockchain distributed ledger applications among people is expected to provide lucrative opportunities to market players. Public blockchain is the leading segment in the global market, and is expected to maintain this trend throughout the forecast period. However, lack of awareness about cryptocurrency among people and limited access are expected to hinder the growth in the blockchain distributed ledger industry. On the other hand, private blockchain segment is expected to witness significant growth in the future. Private blockchain has a different level of security than public blockchain known as Bitcoin. Banks and financial institutions are increasingly investing in private blockchain technology.
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/2078?utm_source=OPEN&utm_medium=Nee
The BFSI sector is projected to maintain its lead in the end-user segment. In the emerging economies, business and technology are connected to each other through digital economy, where blockchain creates a whole new paradigm. It provides tamper-evident recording of the linked transaction history in a distributed network, and has the potential to disrupt the financial business applications. Most of the blockchain distributed ledger technologies deployed in the financial industry are expected to be private. . Recently governments, central banks, private banks, and online banks of all types have shown a great deal of interest in distributed ledgers and block chain technology.
North America is expected to maintain its dominance throughout the forecast period, owing to the presence of key companies in the region Moreover, advancements in internet payments are expected to boost the growth, especially in Asian countries such as China, Japan, South Korea, and India.
Asia-Pacific is projected to grow at the highest CAGR during the forecast period, owing to increase in internet transitions, upsurge in the use of internet, and rise in adoption of advanced technologies. Furthermore, increase in pay management devices across China, Japan, India, and South Korea to cater to the end user needs, such as banking, real estate, stock market, and virtual currency, has supplemented the market growth.
Download Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2078?utm_source=OPEN&utm_medium=Nee
Key Findings of the Blockchain Distributed Ledger Market:
Based on type, public blockchain segment dominated the global blockchain distributed ledger market in terms of revenue in 2016 and is projected to grow at a CAGR of 53.7% during the forecast period.
Based on end user, BFSI segment is projected to grow at a CAGR of 53.9% in the global blockchain distributed ledger market during the forecast period.
Media & entertainment is expected to exhibit the highest CAGR in the blockchain distributed ledger market during the forecast period.
Based on region, Europe occupied the second highest market share of 30% in the global blockchain distributed ledger market.
UK and Germany collectively accounted for about 54.4% of the Europe blockchain distributed ledger market share in 2016.
chain distributed ledger market size is analyzed based on various regions, namely, North America, Europe, Asia-Pacific, and LAMEA.The block
The major players such as Chain Inc., IBM Corporation, Accenture PLC, Eris Industries, Intel Corporation, Deloitte, Blockchain Tech Ltd., Microsoft Corporation, Digital Asset Holdings, and Earthport have adopted new technology launch as their key strategy to expand their market foothold.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Blockchain Distributed Ledger Market Expected to Reach $5,430 Million by 2023 | CAGR 57.6% here
News-ID: 1713502 • Views: 385
More Releases from Allied Market Research
North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently
More Releases for Blockchain
Blockchain in Retail Market
Blockchain or the distributed ledger technology is serving the retail industry for transforming the product processes.There is an increasing need for transparency for the product processes and for meeting the demand by the retail industry. This has majorly driven the blockchain in retail market. Further, factors including rising need for reduction of redundant data and rising need for limiting the total cost of ownership have supplemented the demand for blockchain
Timeus blockchain 3.0
Timeus is verified blockchain that can be base of laws drafting. Smart contracts are like legal contracts, states are able to collect taxes and to monitor transactions etc. Timeus uses unique consensus, we called it proof of fortuity (POF). Every block is verified with master node which chosen randomly. Each node is low nodes cluster. Low node is allocated by consumers HDD space and low-node is backup of certain other
Blockchain Help—Services Page
Blockchain Help, since its inception, has been providing cutting-edge technology solutions and in-depth domain expertise in bitcoins, blockchain development, ICO launches and cryptocurrency development. Ably supported by an exceptionally talented and experienced team of technocrats, Blockchain Help is quickly gaining recognition as the one-stop solution to everything related to blockchain and cryptocurrencies. Why choose Blockchain Help? • 10+ years of programming expertise • Extensive experience in blockchain technology solutions across industry sectors • Competitive pricing • 3 months of
New Technology Snapshot: Blockchain
The Blockchain Technology Snapshot is a deep-dive report, developed by industry experts and thought leaders, which assesses how emerging technologies are re-shaping industrial and consumer sectors and the services. The report provides a snapshot of recent developments in the blockchain, its core uses beyond cryptos, and the emerging importance of smart contracts and distributed applications. Furthermore, the report looks at innovative companies in the blockchain area, by providing examples of
Oodles Blockchain Uses Top Blockchain Platforms To Expedite Blockchain Adoption
With an aim to leverage the blockchain technology to change the centralized system and make it decentralized, Oodles Blockchain has decided to use top blockchain platforms to develop consumer-based blockchain applications. Oodles Blockchain, a micro-website of Oodles Technologies, developed mainly to focus on blockchain technology, is delighted to announce that it will be expanding its horizon of blockchain development services by using a few latest open source blockchain platforms like
Blockchain in Insurance: MarketResearchReports.Biz
Recent research and the current scenario as well as future market potential of "Blockchain in Insurance" globally. Summary Blockchain technology, often referred to as distributed ledger technology (or DLT), is a means by which the participants in a distributed network can each maintain a copy of an immutable ledger of transactions, and where transactions can be executed without the need for a single, central, coordinating authority. We are not suggesting universal uptake of