Blockchain Technology market growing at a CAGR of 50% by 2025

Blockchain Technology market
The Global Blockchain Technology Market covers some of the significant factors such as key suppliers of raw materials in the market and price analysis of each, as well as studies the labor cost.

Blockchain Technology Market valued approximately USD 350 million in 2016 is anticipated to reach up to USD 10.5 billion growing with a lucrative growth rate of more than 50% over the forecast period 2017-2025. The market growth is attributed to increasing penetration of cryptocurrency and ICO, growing adoption of blockchain-as-a-service, block chain to enable faster transactions, Moreover, rising adoption of the Blockchain Technology for Payments, Smart Contracts, and Digital Identities are creating significant opportunity for global blockchain technology market.

On the basis of providers segment global blockchain technology market is segmented into application and solution provider, middleware provider, infrastructure and protocols provider. Currently the market is dominated by application and solution provider segment, which is also anticipated to grow at the highest CAGR over the forecast period. Application and solution provider are offering secured and more efficient transaction and hence adding significant value to the business.

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The detailed segments and sub-segment of the market are explained below:

By Providers:

§-Application & Solution Provider

§-Middleware Provider

§-Infrastructure & Protocols Provider

By Application:

§ -Payments

§ -Exchanges

§ -Smart Contracts

§ -Documentation

§ -Digital Identity

§ -Supply Chain Management

§ -Governance, Risk, and Compliance Management

§ -Others.

Some of the key manufacturers involved in the market are BTL Group Ltd.,

Chain, Inc., Circle Internet Financial Limited., Deloitte Touch Tohmastu Limited., Digital Asset Holding, LLC., Global Arena Holding, Inc. (GAHI), IBM Corporation.

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By Regions:

– North America, U.S., Canada

– Europe, UK, Germany

– Asia Pacific, China, India, Japan.

-Latin America, Brazil, Mexico

-Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2015

Base year – 2016

Forecast period – 2017 to 2025

Target Audience of the Global Blockchain Technology Market in Market Study:

  1. § Key Consulting Companies & Advisors
  2. § Large, medium-sized, and small enterprises
  3. § Venture capitalists
  4. § Value-Added Resellers (VARs)
  5. § Third-party knowledge providers
  6. § Investment bankers
  7. § Investors

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