Trending Report on Blockchain Market by Growth, Demand & Opportunities & Forecast to 2027

The global blockchain market was valued at US$ 1.57 Bn in 2018 and is expected to reach US$ 162.84 Bn by 2027 with a CAGR growth rate of 68.1% in the forecast period from 2019 to 2027.

The Global Blockchain Market report draws precise insights by examining the latest and prospective industry trends and helping readers recognize the products and services that are boosting revenue growth and profitability. The study performs a detailed analysis of all the significant factors, including drivers, constraints, threats, challenges, prospects, and industry-specific trends, impacting the market on a global and regional scale. Additionally, the report cites worldwide market scenario along with competitive landscape of leading participants.

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The increasing proliferation of Blockchain technology in various industries ranging from BFSI to retail is pushing the government and companies worldwide to focus and invest in Blockchain technology. Presently, Blockchain technology has a variety of use cases in the BFSI sector, and over the past few years, the applications of Blockchain in payments, smart contracts, document management, and others have been growing at an exponential rate. The successful implementation of Blockchain in BFSI sector attracted interest from other industries such as retail, logistics, government towards the benefits offered by Blockchain such as increased operational efficiency and reduced costs in various business functions. Blockchain technology is developing at an exponential pace with more and more companies and startups expanding their innovative blockchain solutions portfolio. As use cases associated with blockchain and areas of demand have risen, startups have adopted blockchain technology to meet growing consumer demands. Blockchain technology helps in reducing documentation and compliance costs.

Leading Players in the Blockchain Market: IBM Corporation, Microsoft Corporation, Accenture, Amazon Web Services, SAP Se, Hewlett Packard Enterprise Development, Oracle Corporation, Intel Corporation, Ripple, Bitfury Group

The Blockchain market analysis is intended to provide all participants and vendors with pertinent specifics about growth aspects, roadblocks, threats, and lucrative business opportunities that the market is anticipated to reveal in the coming years. This intelligence study also encompasses the revenue share, market size, market potential, and rate of consumption to draw insights pertaining to the rivalry to gain control of a large portion of the market share.

Competitive landscape:

The Blockchain Industry is extremely competitive and consolidated because of the existence of several established companies that are adopting different marketing strategies to increase their market share. The vendors engaged in the sector are outlined based on their geographic reach, financial performance, strategic moves, and product portfolio. The vendors are gradually widening their strategic moves, along with customer interaction.

Blockchain Market Segmented by Region/Country: US, Europe, China, Japan, Middle East & Africa, India, Central & South America

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Points Covered in the Report:

1. The pivotal aspects considered in the Global Blockchain Market report consist of leading competitors functioning in the global market.
2. The report encompasses company profiles prominently positioned in the global market.
3. The sales, corporate strategies, and technological capabilities of leading manufacturers are also mentioned in the report.
4. The driving factors for the growth of the Global Blockchain Market are explained exhaustively, along with an in-depth account of the end users in the industry.
5. The report also explains critical application areas of the global market to readers/users.
6. The report undertakes a SWOT analysis of the market. In the final section, the report features the opinions and views of industry experts and professionals. The experts also evaluate the export/import policies that might propel the growth of the Global Blockchain Market.
7. The report on the Global Blockchain Market delivers valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.

Reasons for Buying Blockchain Market Report:

o The report performs an analysis of the dynamic competitive landscape that can help the reader/client move ahead in the global market.
o It also presents an in-depth view of different factors driving or restraining the growth of the global market.
o The Global Blockchain Market report provides a five-year forecast derived on the basis of the potential growth of the market.
o It helps formulate profitable business decisions by offering thorough insights into the global market and by creating a comprehensive analysis of pivotal market segments and subsegments.

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Sameer Joshi
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This release was published on openPR.