Press release
Blockchain Technology Market Key Players - IBM Corporation , Microsoft Corporation , Deloitte, Inc., Ripple , Coinbase , Chain, Inc
BlockChain is a permanent database which keeps track record of each and every bitcoins transaction that has ever been executed.The blocks which keep records are added to the BlockChain in a linear and chronological order. The technology has an ability to perform financial operations instantaneously though permissioned ledgers which are distributed uniformly.
The major factor that drives the growth of BlockChain technology market is growing demand for faster and secure environment for payments & transaction by companies, high adoption of advanced programming platform by firms. The BlockChain technology provides secure and faster payment transaction services with the help of cryptography technology which keeps the data encoded until it will reach to receiver.
Globally the market for BlockChain technology market is expected to grow at the compound annual growth rate of about ~51% from 2016 to 2022.
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Some of the major players in Global BlockChain Technology Market include IBM Corporation (U.S.), Microsoft Corporation (U.S.), and Deloitte, Inc. (U.S.), Ripple (U.S.), Coinbase (U.S.), Chain, Inc.(U.S.), Abra, Inc. (U.S.), Bitfury Group (U.S.), BlockChain tech Ltd. (U.K.), and Earthport PLC (U.K.) among others.
Segments for Block Chain Technology Market:
Global Block Chain Technology Market can be segmented as follows:
Segmentationby Services: Payments & transactions, contracts, digital identity, documentation, and exchanges among others.
SegmentationbyApplication: Banking & Finance, healthcare, government, media& entertainment, and retail among others.
Regional Analysis of Block Chain Technology Market:
North America is dominating the Global BlockChain Technology Market with the largest market share in the region due continuous initiatives taken for the development in ledger technology for blockchain market and thereforeis expected to grow with highest market sizeby 2022. BlockChain Technology Market in Asia-Pacific market is expected to grow at with a high CAGR due to investment by major players in this region.
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Target Audience:
Banking & Financial institutes
Block Chain technology vendors
Internet service providers
Research and consulting firms
Resellers & Distributors
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