openPR Logo
Press release

What's driving the Blockchain Technology Market Trends? Microsoft, Deloitte, BTL Group Ltd., Bitfury, Chain, Inc., Circle Internet Financial Limited, Digital Asset Holdings, LLC, Earthport, Global Arena Holdings, Inc., IBM Corporation

Blockchain Technology Market

Blockchain Technology Market

The global blockchain technology market is forecast to rise exponentially in the coming years The market is expected to witness high demand from diverse industries, especially the banking, financial services, and insurance (BFSI) industry, finds Fortune Business Insights in a report, titled "Blockchain Technology Market Size, Share and Global Trend by Product Type, Deployment, Industry Vertical and Geography Forecast till 2025." As per the report, the global Blockchain technology market will reach US$ 21,070.2 Mn by the end of 2025 as against US$ 1,640.7 Mn in 2017. If these figures hold true, the global market will rise at a remarkable CAGR of 38.4%.

Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/blockchain-technology-market-100072

Top Key Players Mentioned:

Deloitte
BTL Group Ltd.
Bitfury
Chain
Circle Internet Financial Limited
Digital Asset Holdings
Earthport
Global Arena Holdings
IBM Corporation

In terms of industry vertical, the banking, financial services, and insurance segment held the leading share of 41% in global blockchain technology market in 2017. The segment will gain further impetus following 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 high need of transparent transaction across industries such as healthcare, retail and BFSI.

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.

Get PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/blockchain-technology-market-100072

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.

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 high presence of blockchain technology developers.

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.

Order a Single or Corporate User License Copy:
https://www.fortunebusinessinsights.com/checkout-page/100072

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(TM) 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."

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 What's driving the Blockchain Technology Market Trends? Microsoft, Deloitte, BTL Group Ltd., Bitfury, Chain, Inc., Circle Internet Financial Limited, Digital Asset Holdings, LLC, Earthport, Global Arena Holdings, Inc., IBM Corporation here

News-ID: 2003627 • Views:

More Releases from Fortune Business Insights(TM)

Workforce Management Market Analysis, Development, Revenue, Future Growth and Forecast to 2026
Workforce Management Market Analysis, Development, Revenue, Future Growth and Fo …
At the beginning of a recently published report on the Workforce Management Market Size 2018-2026, extensive analysis of the industry has been done with an insightful explanation. The overview has explained the potential of the market and the role of key players that have been portrayed in the information that revealed the applications and manufacturing technology required for the growth of the Workforce Management Market Various segments of the market have
RTD Coffee Market: How the Business Will Grow in 2026 ? Prominent Players: PepsiCo, The Coca-Cola Company, Nestle S.A., Starbucks Corporation and more
RTD Coffee Market: How the Business Will Grow in 2026 ? Prominent Players: Pepsi …
The global RTD coffee market boasts an unparalleled distribution channel in the Asia Pacific, which as per Fortune Business Insights is a key factor supporting its expansion in the region. In its report, titled "Ready to Drink Coffee Market Size, Share and Industry Analysis By Packaging Material (Glass and PET Bottles, Cans), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail), and Regional Forecast 2018-2025", Fortune Business Insights has found that
Why the Probiotics Market is set to explode? Top Companies: o	Danone S.A., Lallemand Inc., Yakult Honsha, Nestl S.A. and more
Why the Probiotics Market is set to explode? Top Companies: o Danone S.A., Lalle …
According to the recent report published by Fortune Business Insights, titled "Probiotics Market Size, Share and Global Trend By Microbial Genus (Lactobacillus, Bifidobacteria, Yeast), By Application (Functional Food and Beverage, Dietary Supplement, Animal Feed), By Distribution Channel (Supermarkets/Hypermarkets, Pharmacies/Health Stores, Convenience Stores, Online Retail), and Geography Forecast till 2025," the market was valued at USD 42.55 billion in 2017 and is projected to reach USD 74.69 billion by the end
COVID-19 Impact on Abrasives Market in 2020 - Know the Forecast Demand till 2026 | 3M, Saint-Gobain, KREBS & RIEDEL Schleifscheibenfabrik GmbH & Co. KG, Fujimi Corporation, etc
COVID-19 Impact on Abrasives Market in 2020 - Know the Forecast Demand till 2026 …
Abrasives Market Drivers, Influencer and Restraints The increasing demand for abrasives in the automotive industry will have a positive impact on the abrasives market growth. Moreover, coated and non-woven abrasives are both used to refinish auto bodies. Therefore, the surge in the sales of automobiles will boost the abrasives market revenue during the forecast period. Furthermore, the growing auto-export in countries such as India will fuel demand abrasives in the

All 5 Releases


More Releases for Blockchain

Blockchain Security Market Set for Explosive Growth | DMG Blockchain Solutions, …
Global Blockchain Security Market Growth (Status and Outlook) 2021-2026 is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Blockchain Security Market. Some of the key players profiled in the study are Oracle, IBM, Kaspersky, Gemalto,
Impact of Outbreak of Coronavirus (Covid-19) on Blockchain in IOT Market by 2027 …
The Blockchain in IOT market is expected to garner $6000 million and rise at a CAGR of 70% during the forecast period from 2019 to 2027. A new market report titled “Blockchain in IOT Market” has been added to the repository of Research N Reports. This report provides comprehensive assessment of the current trends, restrains and futuristic opportunities, which are anticipated to provide lucrative avenues for market proliferation. An in-depth description
Global Blockchain Masrket 2019-2025: Blockchain Inc., Amazon AWS, Abra (US), Del …
Recent Research and the Current Scenario as well as Future Market Potential of " Blockchain Market in Global Industry: Market Development, Analysis and Overview 2019 "globally. Global Blockchain Industry was valued at USD 357.8 Million in the year 2017. Global Blockchain Industry is further estimated to grow at a CAGR of 74.4% from 2019 to reach USD 30.74 Billion by the year 2025. North America region holds the highest Industry share
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
Global Blockchain Market Forecast to 2025 | Public Blockchain, Private Blockchai …
MarketResearchReports.Biz has recently announced the Latest industry research report on: “Global Blockchain Market Insights, Forecast to 2025 “. This report presents the worldwide Blockchain market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels,
Blockchain Market In United State: By Product Type - Public Blockchain, Private …
Researchmoz added Most up-to-date research on "Blockchain Market In United State: By Product Type - Public Blockchain, Private Blockchain & Consortium Blockchain" to its huge collection of research reports. In this report, the United States Blockchain market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report splits