Blockchain Market growing at a Highest CAGR of 79.9% by Top Key Players like IBM Corporation, Microsoft Corporation, AWS, Digital Asset Holdings, Earthport and Forecast to 2025

Blockchain Market – Industry Trends and Forecast to 2025
Global Blockchain Market, By Organization Size (Small and Medium Sized, Large Sized), By Application (Payments, Documentation, Smart Contracts, Digital Identity, Exchanges, Governance, Risk & Compliance Management, Supply Chain Management), By End User, By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)- Industry Trends and Forecast to 2025

Blockchain Market is accounted for USD 242.4 million in 2017 and growing at a Highest CAGR of 79.9% during the forecast period of 2018 to 2025.

Blockchain Industry 2018 Market Research Report focuses on price, sales, revenue and growth rate of each type, as well as the types and each type price of key manufacturers, through interviewing key manufacturers. Second on basis of segments by manufacturers, this report focuses on the sales, price of each type, average price of Credit Insurance, revenue and market share, for key manufacturers.

Global Blockchain Market contains data for historic years 2016, the base year of calculation is 2017, and the forecast period is 2018 to 2025.

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Major Market Competitors:

  • IBM Corporation,
  • Microsoft Corporation,
  • AWS,
  • Digital Asset Holdings,
  • Earthport,
  • BTL Group,
  • Chain Inc.,
  • Factom,
  • Ripple,
  • Alphapoint,
  • Bitfury,
  • Coinbase and
  • Abra among others.

Market Definition:

This market report defines the trends and forecast the upcoming opportunities and threats of the blockchain market in the upcoming 8 years. One of the major factors such as increase in the adoption of blockchain technology is driving the market demand. This has increased the annual savings for banks and also has reduced infrastructure cost. For instance, According to DMR, around USD 8-12 billion were reported as annual savings for the banks who have utilized blockchain technology. Blockchain is just a digitalized immutable ledger of economic transactions which can record not only the financial transactions but everything related to value. It can be used during payments, smart contracts, digital identity risk and compliance management and many more.

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Major Market Drivers and Restraints:

  • Helps in total ownership cost reduction, transparency, and faster transaction
  • Growth in blockchain services
  • Increase in the adoption of blockchain technology with respect to payments, digital identities and smart contracts
  • Introduction of new breed of programmable blockchain platforms
  • Inventions regarding internet of things (IOT)
  • Lack of standard and indefinite regulatory norms

Market Segmentation:

  • The global blockchain market is segmented based on organization size, applications, end users and geographical segments.
  • Based on organization size, the global blockchain market is segmented into small and medium sized enterprise and large sized enterprise.
  • On the basis of application, the global blockchain market is segmented into payments, documentation, smart contracts, digital identity, exchanges, governance, risk, and compliance management, supply chain management and others.

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  • On the basis of end users, the global blockchain market is segmented into government and public sector, healthcare and life sciences, banking, financial services and insurance, transportation and logistics, retail and ecommerce, media and entertainment, IT and telecommunication, travel and hospitality, real estate and others.
  • Based on geography, the global blockchain market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

Competitive Landscape:

The global blockchain market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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