Blockchain Market 2017-2023: Top Players (AlphaPoint Exchange Solutions, BigchainDB Blockchain Database, Blockchain on Azure, Chain Core)
“Global Blockchain Market – Trends Analysis, Product Usability Profiles & Forecasts to 2023” newly adds in ReportsWeb.com database. This report covers leading key company profiles with information such as business overview, regional analysis, consumption, revenue and specification.
Pune, India – March 5, 2018 /MarketersMedia/ —
According to Publisher, the global blockchain market to grow from USD 212.09 million in 2016 to USD 4847.7 million by 2023, at a CAGR of 56.37%. The year 2016 has been considered as the base year, while the forecast period is up-to 2023.
A blockchain is a digitized ledger that keeps secure track of digital currency transactions without any centralized record. Blockchain technology refers to distributed ledger technology (DLT) that stores the data across the network ensuring secured business transaction with less friction and more transparency. The blockchain technology is expected to make more scalable and safer business in a cost-effective way due to its ability to make efficient digital agreements, a better mean of establishing identity.
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The major forces driving the growth of the blockchain market include the need of transparency and immutability in transaction and consumer protection and money laundering regulations. Moreover, secure transaction and improved auditability reduced transaction and transaction settlement time more use cases and removal of middlemen and distributed database. However issue of low scalability, lack of understanding and knowledge, uncertain industry regulation and governance, and user privacy and security concern may hinder the market growth. In the middle of difficulty lies opportunity such as the fintech and insurtech, and industry apps and cloud. The possible challenges for the market growth are iot with complete transparency of the decentralized ledger, complex technical, and integration concerns. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on industry, the global blockchain market is studied across aerospace & defense, banking, financial services & insurance, consumer goods & retail, education, energy & utilities, government, healthcare & life sciences, information technology, manufacturing, media & entertainment, telecommunication, transportation & logistics, and travel & hospitality.
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Based on geography, the global blockchain market is studied across
Americas,
Europe,
Middle East & Africa,
Asia-Pacific.
Key Players:
AlphaPoint Exchange Solutions
BigchainDB Blockchain Database
Blockchain on Azure
Chain Core
IBM Blockchain as a Service
Oracle Blockchain Cloud Service
Rubix
SAP Leonardo
Stratis Blockchain
TIBCO Blockchain Solution
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Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of blockchain market. Moreover, the study highlights current market trends and provides forecast. We also have highlighted future trends in the blockchain market that will impact the demand during the forecast period. Moreover, the competitive analysis of blockchain market brings an insight on the product usability profiles of the leading players. Additionally, the analysis highlights features & pricing, informant reviews of the key products in the market.
Contact Info:
Name: Sameer Joshi
Email: sam@reportsweb.com
Organization: ReportsWeb
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Source: MarketersMedia
Release ID: 307623
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