Global Blockchain Technology Market Size, Share, Growth, Trends, and Forecast 2016 - 2024
"Blockchain Technology
Market Key Players are Microsoft Corporation, Deloitte Touche
Tohmatsu Limited, IBM Corporation, R3, Chain Inc., Consensus Systems
(ConsenSys), Ripple, Digital Asset Holdings LLC, and Credits"
About
Blockchain
Technology Market
Blockchain technology offers a
secure, fast, and cheaper medium of carrying out online transaction
and online transfer of information without the need of third party
verification. The adoption of blockchain technology in financial
services sector has gained traction. Banking sector is willing to
explore opportunities which would make the banking transactions more
transparent and easy to process. Increased penetration of digital
technology in the banking sector has resulted in the development of
easy to use online platforms and applications. This drives the need
to carry out the online transactions in a secure manner. Blockchain
technology eliminates the frauds due to errors and identity theft to
a large extent. Hence the financial services sector has been keen in
exploring the technology before undertaking a wide scale deployment
of this technology. This technology can benefit industries such as
music and healthcare by offering easy access and exchange of digital
data of these industries over the Internet.
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Global Blockchain Technology
Market: Drivers and Trends
The demand for blockchain
technology is expected to increase in the coming years owing to the
investments in blockchain technology startups, partnership between
blockchain technology providers and financial organization, FinTech
investments, and digitization across various industries globally.
North America is expected to lead the blockchain technology market
during the forecast period. Asia Pacific region is expected to
witness the highest growth rate of blockchain technology during the
forecast period.
The
Middle East and Africa and South America are in the early phases of
adoption of the technology. The anticipated growth of banking sector
in Africa is expected to support the market growth of blockchain
technology during the forecast period. The blockchain technology
market is compressive of a large number of startups. The growth of
blockchain technology startups was aided by huge venture capital
investments
during the period from 2013 to 2015. The market is expected to be hit
by a huge wave of mergers and acquisitions in the coming years.
Global Blockchain Technology
Market: Research Methodology
This research report provides an
in-depth analysis of the global blockchain technology market based on
type, application, and geography. The global blockchain technology
market is categorized based on types into public blockchain, private
blockchain, and consortium blockchain. The application segment for
the global blockchain technology market are financial services and
non-financial sector. The report analyzes each of these segments for
the various geographies considered under the scope of the study.
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The report also provides
technology evolution and Porter’s Five Forces Analysis for the
global blockchain technology market. The report includes analysis of
the factors that drive and restrain the growth of the blockchain
technology market. It discusses the prevailing market trends and
prospective growth opportunities in the global blockchain technology
market. It provides market estimates and forecasts for all the
segments in terms of revenue. Also provided in the report is a
competitive landscape and market share analysis of the major players
in the blockchain technology market.
Global Blockchain Technology
Market: Regional Outlook
Based on geographical regions, the
report segments the global blockchain technology market into North
America, Europe, Asia Pacific, Middle East & Africa (MEA), and
South America, which are analyzed in terms of revenue generation. The
report provides country level revenue for blockchain technology. The
U.S., Canada, the U.K., Germany, France, India, Chain, Japan,
Australia, GCC, South Africa, Brazil, and Argentina are the countries
covered in the report.
Key Players Mentioned in this
Report are:
Major
business strategies adopted by key players, their SWOT analysis, and
competition matrix has also been identified in the research report.
The key market players profiled in this study include Microsoft
Corporation, Deloitte Touche Tohmatsu Limited, IBM Corporation, R3,
Chain Inc., Consensus Systems (ConsenSys), Ripple, Digital Asset
Holdings LLC, and Credits. The report has also profiled two major
contributors such as Hyperledger project and Ethereum Foundation in
the report.
Global Blockchain Technology
Market
By Type
Public blockchain
Private blockchain
Consortium blockchain
By Application
Financial services
Non-financial sector
By Geography
North America
The U.S.
Canada
Europe
The U.K.
Germany
France
Asia Pacific
India
China
Japan
Australia
Middle East and Africa
GCC
South Africa
South America
Brazil
Argentina
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Table of Content
1. Preface
1.1. Research Scope and Market
Segmentation
1.2. Research Highlights
2. Assumptions and Research
Methodology
3. Executive Summary : Blockchain
Technology Market
4. Market Overview
4.1. Introduction
4.1.1. Definition
4.1.2. Market Evolution
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunity
4.3. Porter’s Five Force
Analysis
4.4. Global Blockchain Technology
Market Analysis and Forecasts, 2014 – 2024
4.5. Market Revenue
Projections,2014-2024 (US$ Mn)
4.6. Key Market Indicator
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