Global Blockchain Market Trends, Share, Analysis and Forecast for Global Industry 2018-2023
ReportsWeb.com added “Global Blockchain Market - Global Trends, 2018 Analysis and 2025 Forecasts” report to its research database. This Report is spread across 150 Pages and Supported by 10 Company Leaders.
(EMAILWIRE.COM, May 07, 2018 ) A blockchain is a digitized ledger that keeps secure track of digital currency transactions without any centralized record. Blockchain technology refers to distributed ledger technology (DLT) that stores the data across the network ensuring secured business transaction with less friction and more transparency. The blockchain technology is expected to make more scalable and safer business in a cost-effective way due to its ability to make efficient digital agreements, a better mean of establishing identity.
According to Publisher, the global blockchain market to grow from USD 212.09 million in 2016 to USD 4847.7 million by 2023, at a CAGR of 56.37%. The year 2016 has been considered as the base year, while the forecast period is up-to 2023.
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The major forces driving the growth of the blockchain market include the need of transparency and immutability in transaction and consumer protection and money laundering regulations. Moreover, secure transaction and improved auditability reduced transaction and transaction settlement time more use cases and removal of middlemen and distributed database. However issue of low scalability, lack of understanding and knowledge, uncertain industry regulation and governance, and user privacy and security concern may hinder the market growth. In the middle of difficulty lies opportunity such as the fintech and insurtech, and industry apps and cloud. The possible challenges for the market growth are iot with complete transparency of the decentralized ledger, complex technical, and integration concerns. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on industry, the global blockchain market is studied across aerospace & defense, banking, financial services & insurance, consumer goods & retail, education, energy & utilities, government, healthcare & life sciences, information technology, manufacturing, media & entertainment, telecommunication, transportation & logistics, and travel & hospitality. Based on geography, the global blockchain market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of blockchain market. Moreover, the study highlights current market trends and provides forecast. We also have highlighted future trends in the blockchain market that will impact the demand during the forecast period. Moreover, the competitive analysis of blockchain market brings an insight on the product usability profiles of the leading players. Additionally, the analysis highlights features & pricing, informant reviews of the key products in the market.
Reasons to Buy:
The blockchain market research study reveals hidden insights and dynamic, which in turn helps the players in the ecosystem take better strategic decisions. The firms looking for purchasing the global blockchain market research report could look for following prospects on their way to better understand the market that can aid further decision making and possibly identify the best opportunities to exploit.
- Evaluate the qualitative and quantitative aspects of the report and analyze the blockchain market penetration with respect to industries and geographies.
- Evaluate the key vendors in the blockchain market in terms of products satisfaction and business strategy. This helps identify consumer preferences and understand its current position in Publisher FPNV Positioning Matrix.
- Evaluates the key vendors and deeply analyze competitive landscape, revenue pockets, market trends, growth prospects, pain points, drivers, restraints, challenges and opportunities of the blockchain market.
Global Global Blockchain Market Players:
AlphaPoint Exchange Solutions
BigchainDB Blockchain Database
Blockchain on Azure
Chain Core
IBM Blockchain as a Service
Oracle Blockchain Cloud Service
Rubix
SAP Leonardo
Stratis Blockchain
TIBCO Blockchain Solution
Else place an Inquire before Purchase “Global Blockchain Market Size, Status and Forecast 2023” @ http://www.reportsweb.com/inquiry&RW00011300430/buying
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Contact Us:
Phone: +1-646-491-9876
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According to Publisher, the global blockchain market to grow from USD 212.09 million in 2016 to USD 4847.7 million by 2023, at a CAGR of 56.37%. The year 2016 has been considered as the base year, while the forecast period is up-to 2023.
FREE |Request Sample Copy is Available at http://www.reportsweb.com/inquiry&RW00011300430/sample
The major forces driving the growth of the blockchain market include the need of transparency and immutability in transaction and consumer protection and money laundering regulations. Moreover, secure transaction and improved auditability reduced transaction and transaction settlement time more use cases and removal of middlemen and distributed database. However issue of low scalability, lack of understanding and knowledge, uncertain industry regulation and governance, and user privacy and security concern may hinder the market growth. In the middle of difficulty lies opportunity such as the fintech and insurtech, and industry apps and cloud. The possible challenges for the market growth are iot with complete transparency of the decentralized ledger, complex technical, and integration concerns. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on industry, the global blockchain market is studied across aerospace & defense, banking, financial services & insurance, consumer goods & retail, education, energy & utilities, government, healthcare & life sciences, information technology, manufacturing, media & entertainment, telecommunication, transportation & logistics, and travel & hospitality. Based on geography, the global blockchain market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of blockchain market. Moreover, the study highlights current market trends and provides forecast. We also have highlighted future trends in the blockchain market that will impact the demand during the forecast period. Moreover, the competitive analysis of blockchain market brings an insight on the product usability profiles of the leading players. Additionally, the analysis highlights features & pricing, informant reviews of the key products in the market.
Reasons to Buy:
The blockchain market research study reveals hidden insights and dynamic, which in turn helps the players in the ecosystem take better strategic decisions. The firms looking for purchasing the global blockchain market research report could look for following prospects on their way to better understand the market that can aid further decision making and possibly identify the best opportunities to exploit.
- Evaluate the qualitative and quantitative aspects of the report and analyze the blockchain market penetration with respect to industries and geographies.
- Evaluate the key vendors in the blockchain market in terms of products satisfaction and business strategy. This helps identify consumer preferences and understand its current position in Publisher FPNV Positioning Matrix.
- Evaluates the key vendors and deeply analyze competitive landscape, revenue pockets, market trends, growth prospects, pain points, drivers, restraints, challenges and opportunities of the blockchain market.
Global Global Blockchain Market Players:
AlphaPoint Exchange Solutions
BigchainDB Blockchain Database
Blockchain on Azure
Chain Core
IBM Blockchain as a Service
Oracle Blockchain Cloud Service
Rubix
SAP Leonardo
Stratis Blockchain
TIBCO Blockchain Solution
Else place an Inquire before Purchase “Global Blockchain Market Size, Status and Forecast 2023” @ http://www.reportsweb.com/inquiry&RW00011300430/buying
About ReportsWeb:
ReportsWeb is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.
Contact Us:
Phone: +1-646-491-9876
Email Id: sales@reportsweb.com
Contact Information:
ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
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ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results