The Global Blockchain market is expected to grow at a CAGR of 42.8% (2017-2022), resulting in a global revenue of USD 13.96 billion by 2022.
Blockchain technology is being used increasingly in the Banking Financial Services and Insurance (BFSI) segment for financial transactions and cross-border payments. In the banking and financial sector, it is utilized to secure payments, maintain customer identities, settle cross-border payments, etc. The global Blockchain market is expected to grow at a CAGR of 42.8% (2017-2022), resulting in a global revenue of USD 13.96 billion by 2022.
Discount available on this Research Report at:
Blockchain technology is also employed in the healthcare sector, supply chain management, energy, media, informatics, etc. BFS, I however, holds the largest share while Blockchain in retail industry under supply chain management is the fastest growing sector.
The Blockchain Technology market is further classified into three main types based on its users’ accessibilities, Public Blockchain Technology, Private Blockchain Technology and Mixed Blockchain Technology. Public Blockchain technology rules the roost.
The US dominates in Blockchain patents application. About half of the total Blockchain patents applied are primarily for financial applications.
Key growth factors
Financial Technology (FinTech) companies are planning to invest a part of their total investment in the distributed ledge technology, i.e., Blockchain. The decentralized nature of the technology attracts the banking sector to adopt it.The Blockchain technology market is expected to exhibit swift growth owing to less time consumption and its transparent nature that also requires less transaction costs.
Order a Copy of this Research Report at:
Threats and key players
Even though the Blockchain market is expected to grow globally, there still a lack of awareness, regulation problems and clashes of ideology that hinders its adoption.
Some of the Blockchain technology providers in the Blockchain market are Microsoft Corporation, IBM, Accenture, Deloitte, etc.
Contents covered in the report?
1. Overview of the Blockchain technology market
2. Current and forecast market size data for Global BFS, Insurance, supply-chain, healthcare, others
3. Current and forecasted regional (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) market size data for Blockchain technology market
4. Current and forecasted market size data for Global Public, Private, Mixed Blockchain technology
5. Analysis of company profiles of major public and private players operating in the market
6. Blockchain Technology patent analysis
7. Key Opportunity for Blockchain technology market
8. Market Trends in global Blockchain technology market.
ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports. Feel free to Call us at + 1 888 391 5441 or Email us at firstname.lastname@example.org
Release ID: 360140