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Global Blockchain Market Is Likely To See Incremental Growth In The Forecast Period 2023-2032

Blockchain Market

Blockchain Market

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032.

As per the blockchain market report by The Business Research Company, the growing demand for blockchain technology in industries and the public sector is expected to drive the growth of the 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.

The global blockchain market size will grow from $10.13 billion in 2022 to $17.21 billion in 2023 at a compound annual growth rate (CAGR) of 70.0%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global blockchain market size is expected to grow to $99.37 billion in 2027 at a CAGR of 55.0%.

Read More On The Blockchain Market Report Here:
https://www.thebusinessresearchcompany.com/report/blockchain-global-market-report

Major competitors in the blockchain market include 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 blockchain market is segmented -
• By Type: Private, Public, Hybrid
• By Provider: Application, Middleware, Infrastructure
• By Application: BFSI, Telecom & IT, Government
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the global blockchain market.

Check Out Buying Options For The Blockchain Market Report Here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3259

Blockchain is an immutable shared ledger that records online transactions, tracks assets, and builds trust in a business network.

The Table Of Content For The Blockchain Market 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
6. Blockchain Market Segmentation
……
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

The "Global Blockchain Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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