Blockchain Technology Market By Industry Vertical (BFSI, Government, Healthcare, Retail and E-Commerce, Transportation and Logistics) Application (Payments, Exchanges, Smart Contracts, Documentation, Digital Identity) And Geography - Global Forecast To 2025
— blockchain market has shown strong growth pattern in recent year’s majorly due to increasing adoption of BaaS, increasing merchants accepting cryptocurrency, and growing interest in blockchain among financial institutions are the key factors driving the growth of the global blockchain market. However, regulatory uncertainty; limited scalability; security, and privacy; and lack of awareness are hindering the growth of this market.
Meticulous Research® in its latest publication on blockchain market states that the global blockchain market will increase at a CAGR of 74.1%% from 2018 to 2025 to reach USD 28,248.7 million by 2025. Wherein, geographically, North America commanded the largest share in this market followed by Europe. The major share of North America is mainly attributed to increasing adoption of blockchain technology in banks, financial institutes, transport & logistics and healthcare. North America is also a home to various global technology companies, which makes it a dominating market throughout the world.
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The report provides meticulous analysis of global blockchain market by segmenting it on the basis of verticals (banking, financial services and insurance (BFSI); government; healthcare and life sciences; media and entertainment; retail and e-commerce; travel and hospitality; transportation and logistics; real estate; IT and telecommunication; and others), and applications (payments, exchanges, smart contracts, documentation, digital identity, supply chain management, governance, risk & compliance management, and others). Wherein, among applications, payment segment commanded the largest share in this market. The largest share of this segment is primarily attributed to rising need to transfer funds directly and securely to anyone, and growing demand to reduce cost of transactions.
The key players analyzed in the global blockchain market are IBM (U.S.), Amazon (U.S.), Microsoft (U.S.), and Ripple (U.S.) dominated the global blockchain market, collectively accounting for a 53% share of this market. Other key players operating in this market are Chain, Inc. (U.S.), Earthport (U.K.), Coinbase (U.S.) Bitfury Group (Netherlands), BTL Group (Canada), and Digital Asset Holdings (U.S.).
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Key Topics Covered in This Report:
2. Research Methodology
3. Executive Summary
4. Industry Overview
5. Market Overview
6. Global Blockchain Market Size, by Application
7. Global Blockchain Market Size, by Vertical
8. Global Blockchain Market Size, by Geography
9. Competitive Outlook
10. Company Profiles (Business Overview, Financials, Solutions Offered, Recent Strategic Developments)
10.5. Chain, Inc.
10.8. Bitfury Group
10.9. BTL Group
10.10. Digital Asset Holdings
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