Blockchain Technology Market Worth USD 21.07 Billion at 38.4% CAGR; Increasing Demand for Crypto Currencies to Propel Growth
Fortune Business Insights offers a
detailed overview of the global market in a report, titled “Blockchain
Technology Market Size, Share and Industry Analysis by Product Type (Vertical
Solutions, Blockchain-as-a-Service), Deployment, Industry Vertical (BFSI,
Energy & Utilities, Government, Healthcare and Life Sciences,
Manufacturing, Telecom, Media & Ent., Retail & Consumer Goods, Travel
and Transportation), and Regional Forecast 2018-2025".
The report identifies key drivers,
opportunities, and major restraints which helps our readers to understand the
current and future situation of Blockchain Technology Market. In addition to
this, it presents a thorough understanding of the competitive landscape by
presenting information on key players operating in the market. It does so by
offering an in-depth analysis of the qualitative and quantitative information
on the market size and growth.
View
more information @ https://www.fortunebusinessinsights.com/industry-reports/blockchain-technology-market-100072
Some
of the players operating in the global Blockchain Technology Market are:
- Oracle Corporation
- Deloitte
- Microsoft Corporation
- IBM Corporation
- The Linux Foundation, Chain Inc.
- Consensus Systems
- Bits, Inc (Tendermint, Inc.)
- Schvey, Inc. (Axoni)
- VironIT
- Altoros
- Fintech
- Blockchain Software House.
Rising Usage of Bitcoins & IoT Solutions to Accelerate Growth
Blockchain technology
helps users in building secure and stable records by utilizing timestamps and cryptography.
It also offers a state-of-the-art version of the digital payment system. It does
not require any central mediator and hence, the users are able to take part in peer-to-peer
transactions efficiently. Additionally, the increasing adoption of Internet of
Things (IoT) solutions and Bitcoins, as well as high demand for crypto
currencies would augment the blockchain technology market growth during the
forthcoming years.
BFSI Segment to Exhibit Steady Growth Stoked by High Demand for Faster Transactions
Based on industry
vertical, the market is categorized into travel & transportation, retail
& consumer goods, telecom, media, & entertainment, manufacturing, healthcare
& life sciences, BFSI, government, and energy & utilities. Out of
these, the BFSI segment held 41% blockchain technology market share in 2017. The
industry is presently facing a major challenge of cyber-attacks and fraud. To
battle these challenges, reputed companies, such as Deloitte and Microsoft
Azure are mainly engaging in the deployment of blockchain-as-a-service
offerings. In the developing economies, industry giants are enhancing the penetration
of ‘Proof of Concept’ solutions. Apart from this, the increasing demand for
transparent and quicker transaction methods would propel the growth of this
segment in the near future.
The report provides an in-depth analysis of the global Blockchain Technology Market. It highlights the latest products and innovations in the market and discusses its impact on the growth of the market. The competitive landscape has been discussed in detail and predictions are made with respect to leading companies and products in the coming years.
Forecast
values have been provided for the market for the period of 2020-2026. The
factual figures have been obtained through trusted sources. Moreover, these
predictions are made on the basis of extensive research analysis methods,
coupled with the opinions of experienced market research professionals.
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Sample PDF @ https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/blockchain-technology-market-100072
Regional
Analysis for Blockchain Technology Market:
- North
America (the USA and Canada)
- Europe
(UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia
Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia
Pacific)
- Latin
America (Brazil, Mexico and Rest of Latin America)
- Middle
East & Africa (South Africa, GCC and Rest of the Middle East &
Africa)
Major
Table of Contents for Blockchain Technology Market:
- Introduction
- Executive
Summary
- Market
Dynamics
- Key
Blockchain Technology Market Insights
- Global
Market Analysis, Insights and Forecast, 2015-2026
- North
America Market Analysis, Insights and Forecast, 2015-2026
- Europe
Market Analysis, Insights and Forecast, 2015-2026
- Asia
Pacific Market Analysis, Insights and Forecast, 2015-2026
- The
Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
- Latin
America Market Analysis, Insights and Forecast, 2015-2026
- Competitive
Landscape
- Global Blockchain
Technology Market Revenue Share Analysis, By Key Players, 2020
- Company
Profiles
- Conclusion
TOC Continued…!
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