Blockchain Distributed Ledger Market Outlook 2023-2028, Growth Statistics By Top Players, Industry Share, Size, and Forecast

According to the latest report by IMARC Group, titled, "Blockchain Distributed Ledger Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global blockchain distributed ledger market size reached US$ 4.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.7 Billion by 2028, exhibiting a growth rate (CAGR) of 30.6% during 2023-2028. Blockchain distributed ledger is a platform that utilizes ledgers stored on separate, connected devices in a network to ensure data accuracy and security. It is highly secure, as it is inherently decentralized and provides high transparency. It is becoming essential in modern businesses and enterprises that ensure accuracy in financial reporting, manage supply chains, prevent fraud, and identify inefficiencies. It also has many use cases in business activities that are time-consuming and costly.

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Blockchain-Distributed Ledger Market Growth:

The global market is majorly driven by the increasing popularity of cryptocurrencies. In line with this, the rising demand for secure and transparent data storage is significantly contributing to the market. Furthermore, the emergence of new business models and the expansion of the Internet of things (IoT) is positively influencing the market. Apart from this, the growing focus on supply chain management is catalyzing the market. Moreover, the escalating regulatory compliance and the increasing interest in smart contracts are propelling the market. Besides, the rising demand for cybersecurity solutions is strengthening the market. Additionally, the growing interest in decentralized finance (DeFi) is providing a boost to the market. Other factors driving the market include the escalating focus on digital identity, greater focus on transparency and accountability, adoption of cloud-based blockchain solutions, heavy investments in blockchain startups, and the rising interest in social impact applications.

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Global Blockchain Distributed Ledger Market 2023-2028 Analysis and Segmentation:

Competitive Landscape with Key Players:

• AlphaPoint
• Amazon Web Services Inc. (Amazon.com Inc.)
• Auxesis Services & Technologies Ltd.
• Digital Asset Holdings LLC
• Huawei Technologies Co. Ltd.
• Intel Corporation
• International Business Machines Corporation
• iXLedger
• NTT DATA Corporation (The Nippon Telegraph and Telephone Corporation)
• Visa Inc.

Breakup by Component:

• Solution
• Service

Breakup by Type:

• Private
• Public
• Hybrid

Breakup by Enterprise Size:

• Large Enterprises
• Small and Medium Enterprises

Breakup by Application:

• Payments
• Smart Contracts
• Supply Chain Management
• Compliance Management
• Trade Finance
• Others

Breakup by End Use Industry:

• BFSI
• Government and Public Sector
• Manufacturing
• Retail and E-Commerce
• Media and Entertainment
• Transportation and Logistics
• Healthcare
• Energy and Utilities
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• The Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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