Press release
Blockchain Distributed Ledger Market Grow at 57.6% CAGR to 2023 | Chain, IBM Corporation, Accenture PLC, Eris Industries, Intel Corporation, Deloitte, Blockchain Tech, Microsoft Corporation
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Blockchain distributed ledger is a medium of exchange formed and stored electronically, using encryption methods to regulate the creation of financial units and to verify the transfer of funds. All the blockchain ledgers are created by private individuals, organizations, or firms. The blockchain distributed ledger market has evolved intermittently and at a significant rate during the past few years. The majority of blockchain distributed ledger market is currently focused on cryptocurrencies rather than a more diverse range of applications.
Blockchain data is complete, consistent, timely, accurate, and widely available. Moreover, a third-party cannot interrupt transactions of cryptocurrencies, and thus there is no feasible way to implement a blockchain distributed ledger taxation system. Therefore, the global blockchain distributed ledger market is expected to witness moderate growth in the near future, owing to less transaction cost and reduced chance of thefts. However, limited acceptance and risk of unknown technical flaws are projected to hamper the market growth. Insignificant effect of inflation of blockchain distributed ledger is expected to provide lucrative opportunities to the market.
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Companies Profiled in this report includes: Chain Inc., IBM Corporation, Accenture PLC, Eris Industries, Intel Corporation, Deloitte, Blockchain Tech Ltd., Microsoft Corporation, Digital Asset Holdings, and Earthport.
The global blockchain distributed ledger market accounted for $228 million in 2016, and is expected to reach $5,430 million by 2023, registering a CAGR of 57.6% from 2017 to 2023.
Blockchain distributed ledger is a database, which serves as an online ledger keeping record of transactions that cannot be changed. In present connected and integrated world, economic activity occur in business networks that span national, geographical, and jurisdictional boundaries. Transactions involve various participants such as buyers, sellers, and intermediaries (such as banks, auditors, or solicitors) whose business agreements and contracts are recorded in ledgers.
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Key benefits
Comprehensive analysis of the current trends and future estimations in the global blockchain distributed ledger market is provided.
The report offers a competitive scenario of the market with growth trends, structure, driving factors, scope, opportunities, and challenges.
It includes a detailed analysis of the key segments to provide insights on market dynamics.
Porter's Five Forces analysis highlights the potential of buyers & suppliers and the competitive structure of the market to devise effective growth strategies and facilitate better decision-making.
Table of Content:
CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
CHAPTER 4 BLOCKCHAIN DISTRIBUTED LEDGER MARKET, BY TYPE
CHAPTER 5 BLOCKCHAIN DISTRIBUTED LEDGER MARKET, BY END-USER
CHAPTER 6 BLOCKCHAIN DISTRIBUTED LEDGER MARKET, BY GEOGRAPHY
CHAPTER 7 RELATED INDUSTRY INSIGHTS
CHAPTER 8 COMPANY PROFILE
8.1 CHAIN INC.
8.2. IBM CORPORATION
8.3. ACCENTURE PLC
8.4. ERIS INDUSTRIES
8.5. INTEL CORPORATION
8.6. DELOITTE
8.7. BLOCKCHAIN TECH LTD.
8.8. MICROSOFT CORPORATION
8.9. DIGITAL ASSET HOLDINGS
8.10. EARTHPORT
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