Press release
Blockchain Technology Market Top Leading Companies, Consumption, Key Drivers, Challenges and Trends Forecast to 2026
Blockchain Technology Market
Top Key Players Mentioned:
Microsoft
IBM
Oracle
Deloitte
The Linux Foundation
Altoros
Consensus
VironIT
Bits, Inc (Tendermint, Inc.)
Schvey, Inc. (Axoni)
Fintech & Blockchain Software House.
In 2017, IBM was the leading organization in the global Blockchain technology market. Other companies operating in the global market are Oracle Corporation, Deloitte, Microsoft Corporation, IBM Corporation, The Linux Foundation, Chain Inc., Consensus Systems, Bits, Inc (Tendermint, Inc.), Schvey, Inc. (Axoni), VironIT, Altoros, and Fintech & Blockchain Software House.
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In terms of industry vertical, the banking, financial services, and insurance segment held the leading share of 41% in the global blockchain technology market in 2017. The segment will gain further impetus following the introduction of bitcoin. “Rampantly increasing cyber-attacks and frauds in the BFSI industry accounts for millions of dollars. This has become a global concern. To make the technology used in the industry safer and more secure, Deloitte and Microsoft Azure and other tech giants are offering blockchain services,” said a lead analyst.
In terms of deployment, the proof of concept segment is gaining traction and is expected to witness impressive growth during the forecast period 2018-2025. Growth witnessed in this segment is backed by a high need for transparent transactions across industries such as healthcare, retail and BFSI.
Blockchain Technology Market Segmentation:
By Product
Vertical Solutions
Blockchain-as-a-Service
By Deployment
Proof of Concept
Pilot
Production
By Industry Vertical
BFSI
Energy & Utilities
Government
Healthcare and Life Sciences
Manufacturing
Telecom, Media & Entertainment
Others
By Geography
North America (USA and Canada)
Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, Australia, Southeast Asia and Rest of Asia Pacific)
Latin America (Mexico, Brazil and Rest of Latin America)
Middle East & Africa (GCC, South Africa and Rest of the Middle East & Africa)
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“Increasing Demand for Secure Blockchain Technology to Guarantee Growth at Promising Rate”
“Government initiated awareness programs regarding benefits of blockchain technology among undeveloped nations is anticipated to fuel the demand in the global blockchain technology market, said a lead analyst at Fortune Business Insights™.
Increasing adoption of e-financial services and rapid adoption of the blockchain technology in developed nations are expected to drive the global blockchain technology market during the forecast period.
The increasing number of new blockchain products and their approval grants is also anticipated to act as a driving factor for the global Blockchain technology market.
“Partnerships Among Key Market Players and Blockchain Developers Driving the Market in North America”
North America emerged dominant in the global blockchain technology market in 2017. The North America market was worth US$ 820 Mn in 2017. The region will continue leading the market at a global level through the forecast period. Growth witnessed in the market is also attributable to recent collaborations between market players in the U.S. and blockchain service provides. Europe is also anticipated to witness impressive growth during the forecast period owing to the high presence of blockchain technology developers.
Major Table of Contents:
Introduction
Research Scope
Market Segmentation
Research Methodology and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Global Market Overview
Key Market Indicators
Macro and Micro Economic Factors
Emerging Market Trends
Industry SWOT Analysis
Global Blockchain Technology Market Analysis, Insights and Forecast, 2014-2025
Definitions
Key Findings / Summary
Market Analysis, Insights and Forecast – By Product
Vertical Solutions
Blockchain-as-a-Service
Market Analysis, Insights and Forecast – By Deployment
Proof of Concept
Pilot
Production
Market Analysis, Insights and Forecast – By Industry Vertical
BFSI
Energy& Utilities
Government
Healthcare and Life Sciences
Manufacturing
Telecom, Media & Entertainment
Retail& Consumer Goods
Travel and Transportation
Others
Market Analysis, Insights and Forecast – By Region
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
North America Blockchain Technology Market Analysis, Insights and Forecast, 2014-2025
Key Findings / Summary
Market Analysis, Insights and Forecast – By Product
TOC Continued…!
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Contact:
Name: Ashwin Arora
Email: sales@fortunebusinessinsights.com
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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