Blockchain Technology Market to Reach $158.2 Billion by 2028, According to Research | IBM Corporation , Microsoft Corporation , Amazon Web Services Inc. , Oracle Corporation , SAP SE , Intel Corporation , Ripple , BTL Group Ltd. , Circle Internet Financia

Blockchain Technology Market Overview

The blockchain technology market refers to the use of blockchain technology in various industries, including finance, healthcare, supply chain management, and others. Blockchain is a decentralized, secure, and transparent digital ledger that allows for secure and transparent data exchange, transactions, and asset transfer without the need for intermediaries such as banks or brokers.

The global blockchain technology market is expected to grow at a compound annual growth rate (CAGR) of around 73.4% during the forecast period of 2022 to 2028. The market is expected to reach a value of around USD 158.2 billion by 2028, up from USD 21.4 billion in 2022.

The global blockchain technology market is expected to grow rapidly in the coming years, driven by increasing adoption of blockchain technology across various industries. The adoption of blockchain technology is expected to transform business processes, enhance security and transparency, and provide cost savings.

The market is segmented by type, platform, application, organization size, and region. The types of blockchain technology include public, private, and hybrid. The platforms include Ethereum, Hyperledger, Ripple, and others. The applications include payments, identity management, supply chain management, smart contracts, and others. The organization size includes small and medium-sized enterprises (SMEs) and large enterprises.


Get a Sample PDF of the report @ https://www.themarketinsights.com/request-sample/278803

What are New Additions in 2023?

Detailed industry outlook

Additional information on company players

Customized report and analyst support on request

Recent market developments and it's futuristic growth opportunities

Customized regional/country reports as per request

The list of Key Players Profiled in the study includes: -

IBM Corporation
Microsoft Corporation
Amazon Web Services, Inc.
Oracle Corporation
SAP SE
Intel Corporation
Ripple
BTL Group Ltd.
Circle Internet Financial Limited
Digital Asset Holdings, LLC.

Cataloguing the Competitive Terrain of the Blockchain Technology Market:

The report provides an overview of every manufacturer and the products developed by each manufacturer along with the application scope of every product.

Data regarding the market share of every company, as well as sales figures concerning each firm, is stated in the report.

Details regarding the profit margins and price patterns have been inculcated in the report.


 IN THE NEWS

In February 2021, IBM announced the launch of its new blockchain network called IBM Blockchain for Telecommunications. The network is designed to help telecommunication companies streamline their supply chain operations.

In March 2021, Microsoft announced the launch of Azure Blockchain Tokens, a new blockchain-based service that enables businesses to issue and manage tokens on the Ethereum blockchain.

In April 2021, Amazon Web Services (AWS) announced the general availability of Amazon Managed Blockchain, a fully managed blockchain service that allows customers to create and manage scalable blockchain networks.

In May 2021, Oracle announced the launch of its new blockchain platform, Oracle Blockchain Platform Cloud Service, which is designed to help businesses develop and deploy blockchain applications quickly and easily.

In June 2021, SAP announced the launch of SAP Upscale Commerce, a new blockchain-based platform that enables small and medium-sized businesses to sell their products and services online.


Blockchain Technology Market Dynamics:

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Growth Drivers:

Increasing adoption of blockchain technology in various industries such as finance, healthcare, supply chain management, and others.

The growing popularity of cryptocurrencies and the increasing need for secure and transparent data exchange and transactions.

Rising demand for blockchain technology solutions that enable faster and more efficient transactions and reduce the cost of doing business.

The increasing number of government initiatives and investment in blockchain technology, particularly in developing countries.

The growing number of partnerships and collaborations between blockchain technology providers and other companies to develop comprehensive blockchain solutions.


 Get a Discount on Research Report @ https://www.themarketinsights.com/check-discount/278803


Segmentation Analysis of the Market:

Global Blockchain Technology Market forecast report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market. Global Blockchain Technology Market segments and Market Data Break Down are illuminated.

By Type: Public blockchain, Private blockchain, Hybrid blockchain.

By Component: Platform, Services (Consulting, Training, Support and Maintenance).

By Application: Payments, Digital Identity, Smart Contracts, Supply Chain Management, Governance, Risk, and Compliance Management, Content Storage Management, Others.

By End-User: BFSI, Government, Healthcare, IT & Telecom, Retail & E-commerce, Transportation & Logistics, Others.

Regional Coverage:

Rеgіоn-wіѕе ѕеgmеntаtіоn in the Global Blockchain Technology Market іnсludеѕ the claims to split the regional scope of the market, which among these regions has been touted to amass the largest market share over the anticipated duration

•North America(USA, Canada and Mexico)
•Europe(UK, Germany, France and the Rest of Europe)
•Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
•South America(Brazil, Argentina and the Rest of South America)
•Middle East and Africa(GCC and Rest of the Middle East and Africa)


** Note - This report sample includes:

Scope For 2024

Brief Introduction to the research report.

Table of Contents (Scope covered as a part of the study)

Top players in the market

Research framework (structure of the report)

Research methodology adopted by The Market Insights


The Global Blockchain Technology Market Industry Report Covers The Following Data Points:

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟏: This section covers the global Market overview, including the basic market introduction, market analysis by its applications, type, and regions. The major regions of the global Market industry include North America, Europe, Asia-Pacific, and the Middle-East and Africa. Blockchain Technology Market industry statistics and outlook are presented in this section. Market dynamics states the opportunities, key driving forces, market risk are studied.

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟐: This section covers Market manufacturers profile based on their business overview, product type, and application. Also, the sales volume, market product price, gross margin analysis, and share of each player is profiled in this report.

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟑 𝐚𝐧𝐝 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟒: These sections present the market competition based on sales, profits, and market division of each manufacturer. It also covers the industry scenario based on regional conditions.

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟓 𝐚𝐧𝐝 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟔: These sections provide forecast information related to Blockchain Technology Market for each region. The sales channels include direct and indirect Marketing, traders, distributors, and development trends are presented in this report.

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟕 𝐚𝐧𝐝 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟖: In these sections, Industry key research conclusions and outcome, analysis methodology, and data sources are covered.


Request for Customization @ https://www.themarketinsights.com/request-customization/278803


What makes the information worth buying?

• A comprehensive and in-depth overview of the global 1-Ethylimidazole (CAS 7098-07-9) industry in exchange, use, and geographical area sectors is provided.

• This research looks at the industry rewards and constraints that influence industry growth.

• Developing business strategies and aspects to aid in an emerging market.

• Examining free markets and developing appropriate strategies.

FAQs

1. What is the market size of the Blockchain Technology Market?
Ans - The global blockchain technology market is expected to grow at a compound annual growth rate (CAGR) of around 73.4% during the forecast period of 2022 to 2028. The market is expected to reach a value of around USD 158.2 billion by 2028, up from USD 21.4 billion in 2022.

2. Which companies are the major players in the Blockchain Technology Market?
Ans - IBM Corporation, Microsoft Corporation, Amazon Web Services Inc., Oracle Corporation, SAP SE, Intel Corporation.

3. Which regions are expected to witness significant growth in the Blockchain Technology Market?
Ans - The Asia Pacific region is expected to be the fastest-growing market due to increasing government initiatives and investment in blockchain technology in countries such as China and India.

4. What are the major factors driving the growth of the Blockchain Technology Market?
Ans -The major factors driving the growth of the Blockchain Technology Market include increasing adoption of blockchain technology in various industries, growing popularity of cryptocurrencies, use in cybersecurity, and the growth of blockchain technology startups.

Direct Contact

Jessica Joyal
+1 6146022897 Email - sales@themarketinsights.com Website - https://www.themarketinsights.com/

About us.
Delivering foresights along with statistical analysis of the operational business industry impacts has been our foremost priority. With the constant developments in the research & development industry, we have always challenged the conventional research methodologies and discovered new research tactics to evolve the growing B2B requirements.

This release was published on openPR.