Blockchain Market research studies several features of business environment, such as competitors, market structure, government regulations, economic trends, technological advances and financial analysis of companies, industries, and sectors. This helps businesses in the decision-making process of planning and implementing strategies for their markets.
Blockchain Market Projected for USD 242.4 million in 2017 and is growing at a CAGR of 79.9% during the forecast period of 2018 to 2025.
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Major Market Competitors:
- IBM Corporation,
- Microsoft Corporation,
- Digital Asset Holdings,
- BTL Group,
- Chain Inc.,
- Coinbase and
- Abra among others.
Blockchain Market Research is a defined process to collect information about customers, competitors, and everything that a business needs to understand to sustain and grow. It offers important analysis to distinguish and examine the market needs, size, and trends. Market research is generally divided into, primary research and/or secondary research. The process usually includes collection and interpretation of market data by using statistical and analytical techniques to support the decision making process.
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Blockchain Market report defines the trends and forecast the upcoming opportunities and threats of the blockchain market in the upcoming 8 years. 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. 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.
The global blockchain market is Segmented Based On
- organization size,
- 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
- smart contracts,
- digital identity,
- risk, and
- compliance management,
- supply chain management and others.
On the basis of End Users, the global blockchain market is segmented into
- government and public sector,
- healthcare and life sciences,
- 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,
- Asia-Pacific and Middle East & Africa.
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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