Blockchain Technology Market 2018 by Company, Regions, Type and Application, Forecast to 2023 : Microsoft Corp, IBM Corp, Accenture, Deloitte, Capgemini, Cognizant, Infosys, Tata Communication Services, VirtusaPolaris

ICT is an ever changing landscape, primarily due to the adoption and proliferation of innovative applications and devices. Worldwide Market Reports offers you Blockchain technology Market report that highlights macro and micro factors that impact the Blockchain technology Market size, share, growth rate, production volume, production capacity, import and export status, and distribution channels of the Blockchain technology Market during the forecast period 2019-2026.

The Blockchain technology Market is defined by innovative technology trends such as (Some market tends such as Mobility, Cloud, Analytics, and Social Media) that are creating agile enterprises and enhancing customer experience resulting in unique value chains and business models. The Blockchain technology Market report assess the behaviors and attitudes of consumers in order to identify consumer trends both in the business and consumer segment. The Blockchain technology Market report offers sustained competitive advantage through analysis of unmet needs and detailed competition mapping in high-potential growth markets.

Get Sample Copy@ https://www.worldwidemarketreports.com/sample/251006

The Blockchain technology market is being rapidly adopted in banking and financial services, and in new applications like ride-sharing and content streaming. The immutable nature of Blockchain makes it secure for applications which hold customer data. These factors are expected to drive the market at an exponential growth rate during the period of 2017 to 2022.

Segment insights:
The banking, financial services, and insurance (BFSI) sector has adopted Blockchain technology rapidly, and occupied 54% of the Blockchain market in 2017. Blockchain solutions, which find the most use in banking applications, include clearing and settlements, payments, digital identity, and smart assets. Blockchain is also disrupting the insurance industry, especially in the areas of health insurance, prevention of insurance fraud, and digital asset management. The application of Blockchain in supply chain management is also on the rise, for efficient tracking of inventory, smart contracts with vendors, digital tagging, etc. These applications occupied 20% of the market in 2017. Healthcare and logistics are some of the industries that will witness high adoption of Blockchain technology.
Public Blockchain provides higher decentralization and transparency in operations, making it the most popular Blockchain technology, and occupied a market share of 74% in 2017. Also, public Blockchain is less expensive than other variants since it does not require a centralized server, or a system administrator. However, banks are currently focusing on private Blockchain owing to its tighter security features. Though it currently occupies a market share of 15%, its adoption is expected to increase during the forecast period.

Regional insights:
North America has the highest adoption of the Blockchain technology, since the region records the highest number of financial transactions, and cybersecurity remains one of the primary concerns for organizations. Estonia, a country in northern Europe, is playing a vital role in Blockchain adoption. Asia-Pacific is a highly potent market for Blockchain technologies. Countries like China, Japan, and South Korea are propelling growth in this region. Latin American countries like Brazil and Argentina are witnessing the increased use of Blockchain technology in the financial sector. The Middle East and Africa is still a nascent market.

Companies covered:
1. Microsoft Corp
2. IBM Corp
3. Accenture
4. Deloitte
5. Capgemini
6. Cognizant
7. Infosys
8. Tata Communication Services
9. VirtusaPolaris
10. Wipro

Inquire Before Buying@ https://www.worldwidemarketreports.com/quiry/251006

Table Of Content

Chapter 1: Executive Summary 
1.1 Market Scope and Segmentation 
1.2 Key Questions Answered in This Study 
1.3 Executive Summary I
1.4 Executive Summary II

Chapter 2: Introduction
2.1. Blockchain technology-Functionality
2.2. Blockchain Application
2.3. Blockchain use cases 
2.4. Value chain-Blockchain technology market 

Chapter 3: Global Blockchain Technology Market overview
3.1. Overview - key observations, historical (2016-2017) and forecasted (2018-2023) market size (USD bn), geography wise market size (USD bn) in 2017
3.2. Market adoption
3.3. Market trends

Chapter 4: Blockchain Technology Market regional market overview
4.1. North America- Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends and challenges
4.2. Europe-- Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends and challenges
4.3. Asia Pacific-- Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends and challenges 
4.4. Latin America-- Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends and challenges
4.5. Middle East & Africa-- Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends and challenges

Contact :
Mr. Shah
Worldwide Market Reports 
Tel: +1 415 871 0703
Email: sales@worldwidemarketreports.com

About Us:
Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends. Worldwide Market Research’s well-researched inputs that encompass domains ranging from IT to healthcare enable our prized clients to capitalize upon key growth opportunities and shield against credible threats prevalent in the market in the current scenario and those expected in the near future.

This release was published on openPR.