openPR Logo
Press release

Blockchain Technology Market : 2021 Prominent Players | Alphapoint; Amazon Web Services, Inc.; Asta Solutions Pty Ltd.; Bacoor, Inc.; Blocko, Inc.; Chain, Inc.; Coinbase, Inc.; Digiledge; Digital Asset Holdings, LLC; Earthport; Exioms Technology Pvt. Ltd.

05-04-2021 12:03 PM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Blockchain Technology Market

Blockchain Technology Market

North America blockchain technology market to gain substantial traction by 2025. Global Market Insights, Inc. predicts blockchain technology market size to surpass US$25 bn by 2025.

Blockchain technology market trends are poised to disrupt end-users, including financial services, government, healthcare, media and consumer market in the wake of increased interest and investment by stakeholders. Of late, data has unveiled itself as a bedrock of the future industrial space. Emerging technologies such as blockchain have allowed organization to drive business value throughout their supply networks. Nevertheless, the integrity of data in the blockchain enables stakeholders to vouch for transactions.

Blockchain has boosted identity management framework as it helps organizations do away with collecting and storing every identity data attribute. In the same vein, identity fraud is eliminated by the fact that blockchain withstands tampering. The sheer impact of data privacy and the immutability of blockchain have propelled the evolution of blockchain identity. It appears regulatory watchdogs have stepped in to address the data identity. Notwithstanding reforms such as GDPR and the EU cookie regulation have fostered identity data, it is the emergence of blockchain technology that data is inaccessible to others and virtually tamper-proof.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/2194

Even though it may take years for blockchain to mature fully, several blockchain applications and solutions appear to be feasible in the ensuing period. When it comes to innovative potential, Bitcoin is only the tip of the iceberg. Banks, insurance companies and credit providers have their eyes on blockchain to boost up their application process and safeguard their client’s data.

In the fast-paced consumer goods market, blockchain can help find ingredients, thereby satisfying consumers pertaining to corporate social responsibility (CSR).

Given the exponential expansion of digital global economy, stakeholders-propelled blockchain and decentralization of business models, impact of blockchain on commerce is expected to present a seismic shift to the way business is conducted.
Blockchain has been highly sought-after across identity management, risk & compliance management, and supply chain management.

Request for customization @ https://www.gminsights.com/roc/2194

Dramatic cost reduction and propelled efficiency are touted as catalysts in fueling the adoption of blockchain among end-users. In a bid to digitize the supply chain, IBM in January 2018 announced a joint venture deal with Maersk Group that would implement blockchain. Stakeholders predict such robust business strategies to bolster blockchain technology market outlook.

When it comes to risk management, blockchain is perceived as a foundational technology for the future of risk management. In a bid to harness the opportunities and capabilities which blockchain has to offer, risk management has become paramount in the business landscape.

In the wake of early adoption of blockchain technology, North America is slated to reign supreme in the industry and boost blockchain technology market revenue. Global Market Insights, Inc. predicted U.S. to account for a lion’s share in blockchain technology investment between 2012 and 2017. Reportedly, Chinese cryptocurrency mining companies are vying Canada to be a happy hunting ground for cryptocurrency mining. These factors are set to fuel blockchain technology market share during the assessment period.

Governments across the world are exploring blockchain as an anti-fraud control with countries such as the U.S. increasingly investing in research to see the potential of blockchain in warfare, security and healthcare.

Whether it is integrating supply chain, tracking spare parts, ordering new assets, blockchain technology leverages companies to offer real-time and transparent assessments and track material and product in the supply chain. As such, stakeholders are keen to invest in blockchain technology that will have considerable impact on transparency and traceability.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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 Technology Market : 2021 Prominent Players | Alphapoint; Amazon Web Services, Inc.; Asta Solutions Pty Ltd.; Bacoor, Inc.; Blocko, Inc.; Chain, Inc.; Coinbase, Inc.; Digiledge; Digital Asset Holdings, LLC; Earthport; Exioms Technology Pvt. Ltd. here

News-ID: 2279492 • Views: 166

More Releases from Global Market Insights, Inc.

Marine Gensets Market Estimated to Expand at a Robust CAGR by 2025 | Key players …
Global Market Insights add New Global Marine Gensets Market report provides in-depth information about market overview, top vendors, Key market highlights, product types, market drivers, challenges, trends, Marine Gensets industry landscape, size and forecast, five forces analysis, Key leading countries/Region. Growing investment in the shipping industry along with rising seaborne import and export activities across emerging economies is set to incite the marine gensets business outlook. An increase in inter-regional trade
Electric Fuse Market is Rapidly Growing with Huge Application Scope & Opportunit …
Global Electric Fuse Market Report offers in-depth analysis of the market size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and challenges. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3508 With ongoing grid modernization initiatives and increasing usage of power equipment for wide range of applications, need for efficient protection
HVDC Cables Market to See Huge Growth by 2027 | Toshiba Corporation, Mitsubishi …
HVDC Cables Market report gives attention to market segmentation, market size, and forecast of 2021-2027 to help stakeholders in making a good decision for the future investments. HVDC Cables industry report segmented into types, application, and regions with providing production, revenue, import/export. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3510 Driven by the adoption of technologically advanced products and grid modernization across T&D networks, the HVDC cables market might grow at
Solar District Heating Market Growth & Key Business Strategies by Leading Indust …
Global Market Insights, Inc., adds Global Solar District Heating Market Report focuses on the major drivers and restraints for the Global key players. It also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3512 Increasing adoption of sustainable energy systems along with stringent regulations introduced by governments towards emission control will positively influence solar district heating

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
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
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,