Blockchain Technology in Defense Market Analysis, Key Players, Challenges, Segmentation and Forecasts to 2028 | IBM, Winding Tree, Aeron Labs, Microsoft

The Blockchain Technology in Defense Market is expected to grow with the highest CAGR over the forecast period.

The major objective of this report is to study, define, describe, and estimate the global market based on type, application, platform, and region. The study also focuses on offering a comprehensive competitive landscape of the market. This report profiles key market players, product portfolios, emphasizing their financial positions, and growth strategies, and analyzes their core competencies and market shares to forecast the degree of competition prevailing in the global market.

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Scope of the Global Blockchain Technology in Defense Market
The research methodology used to forecast and estimate the global market comprises the study of data and comprehensive share details of target market players through secondary sources, such as annual reports, investor presentations, company websites, and associations.
Owing to the existence of large as well as complex supply chains across the aerospace and defense industry, blockchain technology can aid in maintaining a transparent and well-connected supply chain. This is one of the key driving factors for the adoption of blockchain technology in the defense industry. Moreover, in the rising aviation industry, the blockchain platform providers such as Hyperledger Fabric, Microsoft, and Loyyal Corporation, among others, along with aviation industry players, like airports and airlines, are hugely investing in emerging and incorporating this technology into the defense industry.

Segment Analysis of the Global Blockchain Technology in Defense Market
The global blockchain technology market is basically segmented into component, provider, type, organization size, application, and geographical regions.

• On the basis of component, the global market segregated into services and platform.
• On the basis of provider, the global blockchain technology in defense market is sub-divided into middleware providers, application providers, and infrastructure providers.
• In terms of type, the market is segregated into public, private, and hybrid.
• On the basis of organization size, the global market is divided into small and medium enterprise, and large enterprises.
• In terms of application, the market is fragmented into manufacturing, transportation and logistics, energy and utilities, agriculture and food, IT and telecom, banking and financial services, government, and others.

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Geographical Analysis of the Global Blockchain Technology in Defense Market

The report provides a thorough overview of the industry comprising both qualitative and quantitative data. It delivers overview and forecast of the global blockchain technology in defense market based on various segments. It also offers market size and forecast estimates year with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. North America is expected to hold the largest market size in the blockchain market. Likewise, early adoption of blockchain technologies by the organizations across the region and the appearance of numerous blockchain technology providers will contribute to the overall share of the market.

Recent Strategic Developments of Major Global Blockchain Technology in Defense Market Players

• In February 2020, Microsoft incorporated Lition blockchain into Azure so that Microsoft Azure’s across the globe enterprise clients can test, develop, and deploy Lition side chains as well as applications on its platform.
• In January 2020, IBM and DAH (Digital Asset Holdings) upgraded the Hyperledger Fabric.

Competitive Landscape of the Global Blockchain Technology in Defense Market

The report also embraces the profiles of key companies along with their SWOT analysis and number of market strategies. Some of the Blockchain technology providers in the Blockchain market are IBM (US), SAP (Germany), Intel (US), AWS (US), Microsoft (US), Oracle (US), Cegeka (Netherlands), Earthport (UK), Bitfury (Netherlands), Guardtime (US), Digital Asset Holdings (US), BlockCypher (US), Symbiont (US), Chain (US), Huawei (China), BigchainDB (Germany). In addition, the report focuses on major industry players with significant information such as components, company profiles, services offered, and others.

Market Segmentation:

By End-use:
• Tracing Defense related shipments
• Securing government and battlefield message
• Cyber warfare
• Perfecting weapon systems
• Preventing data theft

By Applications:
• Air Force
• Navy
• Additive Manufacturing

By Region:
• North America
o By Country (US, Canada, Mexico)
o By End-use
o By Applications
• Western Europe:
o By Country (Germany, UK, France, Spain, Rest of Western Europe)
o By End-use
o By Applications
• Eastern Europe:
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By End-use
o By Applications
• Asia Pacific
o By Country (China, Japan, India, Rest of Asia Pacific)
o By End-use
o By Applications
• Middle East:
o By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
o By End-use
o By Applications
• Rest of the World
o By Region (Latin America, Brazil, Rest of the World)
o By End-use
o By Applications

Reasons To Buy This Report:
• Market size estimation of the blockchain technology in the defense market on a regional and global basis
• The unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

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This release was published on openPR.