openPR Logo
Press release

Blockchain Distributed Ledger Market Projected to Garner $5.43 Billion By 2023 at a CAGR of 57.6% | Business Statistics and Growth Opportunities - 2026

04-06-2020 09:40 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Blockchain Distributed Ledger Market

Blockchain Distributed Ledger Market

According to a report published by Allied Market Research, titled, "Blockchain Distributed Ledger Market by Type (Private Blockchain & Public Blockchain) and End User (Government, BFSI, Automotive, Retail & e-commerce, Media & Entertainment, and Others) - 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. In 2016, North America dominates the global market, in terms of revenue, accounting for more than 40% share of the global market, followed by Europe.

Access Full Summary @ https://www.alliedmarketresearch.com/blockchain-distributed-ledger-market

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 for the growth of global blockchain distributed ledger market. Moreover, increase in awareness toward blockchain distributed ledger applications among people is expected to provide lucrative opportunities to market players. Private blockchain is the leading segment in the global market, and is expected to maintain this trend throughout the forecast period. However, public blockchain segment is expected to witness significant growth in the future, as public blockchain is used in web-based control panels.

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. 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.

Get Up to 30% Discount - Hurry Up!
Make Purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/2078

North America is expected to maintain its dominance throughout the forecast period, owing to the presence of key companies in the region Moreover, advancements internet payments are expected to boost the growth, especially in Asian countries such as China, Japan, South Korea, and India.

According to Himal Srivastava, Research Analyst, Semiconductor & Electronics at Allied Market Research, "The blockchain distributed ledger market is in its early stage of growth. Blockchain-based solutions are projected to be adopted earlier in some industries such as financial services and the supply chain industry as compared to many other industries. The blockchain technology addresses security in areas including insurance, law, and data security by validation of the information in the blockchain ledger. Exponential increase in data is expected to facilitate more R&D activities leading to increased competition in the market."

Asia-Pacific is projected to grow at the highest CAGR during the forecast period, owing to increase in Internet transitions, upsurge in 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 Sample Report (Get Full Insights in PDF - 190 Pages) @ https://www.alliedmarketresearch.com/request-sample/2078

Key Findings of the Study:
1. In 2016, public blockchain segment dominated the global blockchain distributed ledger market, in terms of revenue, and is projected to grow at a CAGR of 53.7% during the forecast period.
2. BFSI segment is projected to grow at a CAGR of 53.9%.
3. Media & Entertainment is expected to exhibit the highest CAGR during the forecast period.

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.

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

Buy Now @ https://www.alliedmarketresearch.com/checkout-final/554ee9277af0d3b2bc6990ca732bf0d4

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

About Us:
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.

This release was published on openPR.

Permanent link to this press release:

Copy
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 Projected to Garner $5.43 Billion By 2023 at a CAGR of 57.6% | Business Statistics and Growth Opportunities - 2026 here

News-ID: 2000996 • Views: 330

More Releases from Allied Market Research

Photomask Market Size is projected to reach $4.97 billion by 2026 | Applied Mate …
Photomask is a procedure of using lithography techniques to transfer display patterns and circuits onto semiconductors, microelectromechanical systems, and displays. Photomask contains the pattern of integrated circuits, and they have become smaller and more complex to accurately transfer the pattern to silicon wafer. It is also projected onto wafers in lithography process to express the layout of one layer of integrated circuits. According to a new report published by Allied
ATM Market 2020 - 2027: Emerging Trends, Top Impacting Factors, Growth Opportuni …
Allied Market Research published a new report, titled, "ATM Market By Solutions (Onsite ATMs, Offsite ATMs, Work site ATMs, Mobile ATMs, Managed services) and by Type (Conventional/Bank ATMs, Brown label ATMs, White label ATMs, Smart ATMs, Cash dispensers) - Global Opportunity Analysis and Industry Forecast, 2020 - 2027". The report has offered an all-inclusive analysis of the global automated teller machine (ATM) market taking into consideration all the crucial aspects
Digital Signage Market 2020 - 2027: Recent Trends, Display Technology, Growth Op …
Allied Market Research published a new report, titled, "Digital Signage Market By Offering (Hardware, Software, and Service), Product (Single Screen Display, Video wall, and Kiosk) and Location (Indoor and Outdoor): Global Opportunity Analysis and Industry Forecast, 2020-2027". The report has offered an all-inclusive analysis of the global digital signage market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends.
Remittance Market 2020 - 2027: Emerging Trends, Growth Opportunities, In-Depth A …
Allied Market Research published a new report, titled, "Remittance Market By Type (Inward Remittance and Outward Remittance), Channel (Banks, Money Transfer Operators, and Others), Application (Consumption, Savings, and Investments), and End User (Business and Personal): Global Opportunity Analysis and Industry Forecast, 2020-2027". The report has offered an all-inclusive analysis of the global remittance market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets,

All 5 Releases


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