Press release
What are the incredible possibilities of Global Blockchain Technology Market by Manufacturers, Regions, Type and Application, Forecast to 2021?
A comprehensive market study titled Global Blockchain Technology Market has been recently published by Absolute Markets Insight to its online repository. The statistical data offers an insightful analysis of significant market segments such as type, size, technology and applications. Various exploratory techniques such as qualitative and quantitative analysis are also used to present authentic market information. For better understanding of customers, the report also uses graphical presentation techniques such as graphs, charts, tables as well as pictures.The study further also provides a clear idea about global competitive landscape, and covers different regions such as, North America, Latin America, Japan, Asia-Pacific and India on the basis of profit margins of several industries. Leading key players such as Altoros, BigchainDB GmbH, Blockchain Intelligence Group, IBM Corporation Blockchangers, Microsoft, Ripple, ChromaWay AB and Interbit, Intellectsoft US, amongst others are also underlined in order to provide an overview of successful companies across the Global Blockchain Technology Market
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Industries are embracing blockchain technology with glee. Large conglomerates are spending millions in dollars in blockchain research. Banks and Insurance companies, in particular, are collaborating with key market players to increase the ease of customer verification. For example, the banking consortium in UAE, which consists of six leading banks in the region, has announced its partnership with blockchain applications and platform providers, Nordbloc. Furthermore, companies and government agencies in the healthcare industry are experimenting with blockchain to reduce the risk of pharmaceutical fraud. Ministry of Health and Prevention (MoHAP) in UAE, for instance, came up with a blockchain platform to capture data related to the healthcare and pharmaceutical industry. The government believes that blockchain technology will reduce the cases of drug abuse since tamper-proof prescriptions can be produced. The global blockchain technology market is expected to see higher growth in the APAC and MEA region due to increasing government investments in these regions to ensure compliance.
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Key Findings of the Report:
• Payments and transactions tracking segment is expected to account for the highest market share in 2018. Increasing investments by government bodies to reduce payment fraud and embezzlement of money is one of the major factors for the same
• The highest growth during the forecast years is expected from the healthcare sector, primarily due to the increasing demand for bringing down the cases of healthcare insurance related frauds and drug abuse.
• North American dominated the blockchain technology market in 2018. This can be attributed to the rapid implementation of blockchain technologies in developed countries like the United States and Canada.
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Blockchain Technology Market:
• By Offering
o Solutions
o Services
• By Organization Size
o Small and Medium Enterprises
o Large Enterprises
• By Applications
o Payment and Transaction
o Smart Contract and Documentation
o Digital Identity
o Digital Asset Exchange
o Others
• By Industry
o Banking, Financial Services and Insurance (BFSI)
o Education
o Healthcare
o Government
o Energy and Utilities
o IT and Telecommunication
o Media and Entertainment
o Food and Agriculture
o Real Estate
o Others
• By Geography
o North America
United States
Canada
Mexico
o Europe
France
The UK
Spain
Germany
Italy
Nordic Countries
Denmark
Finland
Iceland
Sweden
Norway
Benelux Union
Belgium
The Netherlands
Luxembourg
Rest of Europe
o Asia Pacific
China
Japan
India
New Zealand
Australia
South Korea
Southeast Asia
Indonesia
Thailand
Malaysia
Singapore
Rest of Southeast Asia
Rest of Asia Pacific
o Latin America
Brazil
Argentina
Rest of Latin America
o Middle East and Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of Middle East & Africa
For More Information Visit@ https://www.absolutemarketsinsights.com/reports/Blockchain-Technology-Market-2019-2027-460
Contact Us:
Company: Absolute Markets Insights
Email id: sales@absolutemarketsinsights.com
Phone: +91-740-024-2424
Contact Name: Shreyas Tanna
About Us:
Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization.
From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.
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