Blockchain Market Research By Industry Trends, Segments, Top Players And Global Forecast 2022 - 2031 | Amazon Web Services, Inc., BTL Group Ltd., r3, Bitfury, IBM

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The global blockchain market report by the business research company identifies the growing demand for blockchain technology in industries and the public sector is expected to be a major growth driver for the blockchain market. Blockchain has been the base for cryptocurrencies since it is a decentralized database, therefore, it has found its most important use in financial services for making digital transactions safe, secure, and transparent. Companies like Circle and BitPesa use blockchain technology for international overseas payments. Now, it has also found its use in the supply chain, healthcare, government, and other sectors. In Dubai, all the government-related financial transactions are taking place through blockchain technology making it the first government to be powered with blockchain. In May 2019, Muzika, an online music stream platform, has partnered with Binance, the world's leading crypto exchange and a decentralized network, for creating a decentralized digital music ecosystem to decrease the gap between the musicians and listeners, and to give the musicians the deserved recognition. Therefore, the demand for blockchain across industries is expected to drive the blockchain technology market.

The global blockchain market grew from $5.94 billion in 2021 to $10.13 billion in 2022 at a compound annual growth rate (CAGR) of 70.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The blockchain market is expected to grow to $70.39 billion in 2026 at a CAGR of 62.4%.

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North America was the largest region in the blockchain market in 2021. Asia Pacific was the second largest region in the blockchain market. The regions covered in the blockchain market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players in the blockchain market are Amazon Web Services, Inc., BTL Group Ltd., r3, Bitfury, IBM, ConsenSys, LeewayHertz, 4IRE Labs, Factom, Synsoft Global, OpenLedger, Inn4Science, Titanium Blockchain, Blockchain Intelligence Group, Blockchangers, ChromaWay, Intellectsoft, Altoros, Deqode, Primechain, SoluLab, Accubits, SheerChain, Espeo, Venture Aviator and Software Mill.

The global blockchain market is segmented -
1) By Type: Private, Public, Hybrid

2) By Provider: Application, Middleware, Infrastructure

3) By Application: BFSI, Telecom & IT, Government

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The Blockchain Market Report Contents Include
1. Executive Summary
2. Blockchain Market Characteristics
3. Blockchain Market Trends And Strategies
4. Blockchain Market - Macro Economic Scenario
5. Blockchain Market Size And Growth
....
26. Africa Blockchain Market
27. Blockchain Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Blockchain Market
29. Blockchain Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the blockchain market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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