The Global research report titled Blockchain Market delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 179 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. An exclusive data offered in this report is collected by research and industry experts team.
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Major Vendors profiled in the Blockchain Market include are IBM (US), AWS (US), Microsoft (US), SAP (Germany), Intel (US), Oracle (US), Bitfury (US), Cegeka (Netherlands), Earthport (UK), Guardtime (Estonia), Digital Asset Holdings (US), Chain (US), Huawei (China), BlockCypher (US), Symbiont (US), BigchainDB (Germany), Applied Blockchain (UK), RecordsKeeper (Gibraltar), Blockpoint (US), Auxesis Group (India), BTL Group (Canada), Blockchain Foundry (Singapore), AlphaPoint (US), and Factom (US).
The Global Blockchain Market size is expected to grow from US$ 1.2 Billion in 2018 to US$ 23.3 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 80.2% during the forecast period. Various factors, such as, increasing venture capital funding and investments in the blockchain technology, a growing need to simplify business processes and create business transparency and immutability, reduction in operational cost, increasing popularity of blockchain technology in retail and supply chain management are expected to drive the market.
The Retail and ECommerce industry vertical is expected to grow at the highest CAGR in the blockchain market by vertical during the forecast period. Retail and eCommerce organizations are making huge investments to enhance customer experience. The blockchain technology is progressively elevating the customer experience. With a positive customer experience, retail and eCommerce businesses are expected to achieve customer loyalty.
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The large enterprises segment is expected to hold a larger market size in the blockchain market by organization size during the forecast period. Availability of sufficient capital and other resources to incorporate newer technologies are expected to enable large enterprises to take the lead in the market. Another factor that contributes to a higher market share of large enterprises in the blockchain market is the high investments in R&D activities to develop the best-fit technology to enhance an organization’s business efficiency.
Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. Several new startups in APAC have entered the blockchain market and started developing blockchain solutions.Investors are investing in startups that are helping these small firms innovate the blockchain technology.The integration of the blockchain technology to transform business processes in the developing countries of APAC could boost the blockchain market growth in APAC.
Study Objectives:
- To forecast the market size of the segments with respect to regions, such as North America, Europe, APAC, MEA, and Latin America.
- To profile the key players in the market and comprehensively analyze their market size and core competencies
- To analyze market opportunities for stakeholders by identifying the high-growth segments of the market
- To analyze the micromarkets with respect to the individual growth trends, prospects, and contributions to the overall market
- To define, segment, and project the global market size for blockchain market
- To track and analyze competitive developments, such as new product launches; mergers and acquisitions; and partnerships, agreements, and collaborations in the global blockchain market
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