Blockchain in Security Market by Size, Share, Growth trends, Regional Overview, Segments, Topmost Players and Forecast to 2023
The report on the Global Blockchain in Security Market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player’s market share analysis, competitive landscape and supply chain analysis.
Pune, India – September 9, 2019 /MarketersMedia/ —
Blockchain in Security Market – Overview
The disruptive nature of blockchain technologies has increased its incorporation in many sectors. Reports that investigate the information and communication technology industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is expected to accelerate its development with revenues worth USD 1572.46 million and a CAGR of 43.73% in the course of the forecast.
The surge in digitalization has led to the need for reduction in error control and reconciliation, which is motivating the blockchain in security market. The ability to offer data integrity and security is motivating the blockchain in security market around the world. Moreover, the need to ensure security and regulatory integrity is further motivating the blockchain in security market. The rise in adoption of cryptocurrency is expected to spur the blockchain in security market in the upcoming period.
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Segmental Analysis
The blockchain in security market is segmented on the basis of vertical, service provider, and region. On the basis of the service provider, the blockchain in security market is segmented into middleware provider, application & solution provider, and infrastructure & protocols provider. On the basis of vertical, the blockchain in security market is segmented into government, BFSI, healthcare and life sciences, IT & telecom, energy and utilities, retail and e-commerce, and others. On the basis of region, the blockchain in security market is segmented into Europe, North America, Asia-Pacific and the Rest of the World.
Key Players
The foremost contenders in the blockchain in security market globally are Hewlett Packard Enterprise Company (US), Cegeka (Netherlands), Blockpoint (US), Cyber Infrastructure Pvt. Ltd. (India), Empirica S.A. (Poland), Digital Asset Holdings (US), SAP (Germany), Earthport (UK), Oracle (US), Intel (US), Bitfury (US), Guardtime (Estonia), Chain (US), BlockCypher (US), Symbiont (US), BigchainDB (Germany), Applied Blockchain (UK), Huawei (China), RecordsKeeper (Gibraltar), Accenture PLC (Ireland), Deloitte Touche Tohmatsu Limited (UK), Auxesis Group (India), BTL Group (Canada), Blockchain Foundry (Singapore), AlphaPoint (US), AWS (US), and Factom (US).
Detailed Regional Analysis
The regional investigation of the Blockchain in Security Market covers regions such as Europe, North America, Asia-Pacific and the Rest of the World. The blockchain in security market is projected to flourish at an outstanding rate throughout the forecast period. As per the study, the North American region is projected to govern the blockchain in security market in the course of the forecast owed to robust foundation in finance and commerce that is observing rapid application of blockchain technology for data storage and financial transactions. Also, elevated concentration of market companies in the region and the accessibility to competent technical proficiency is driving blockchain interoperability and cross-business collaboration. Though, the Asia-Pacific region is appraised to observe the fastest implementation of blockchain technology in security and record the maximum CAGR through the forecast period.
Competitive Analysis
The progress in the efficacy of production facilities is buttressing the market’s growth pace in the coming years. The instabilities in global currency are predicted to become stable and consequently place a beneficial impact on the market. The upturn of investment into physical capital is estimated to underpin the market’s growth in the forecast period. The market is being distinguished by the instrumental forces that are applying an imposing influence. The upgrades in the mining of natural resources are further supporting market expansion advancement. The improvement of substitute raw material resources is likely to further concentrate on the supply demands in the market. Also, inventions in technology are anticipated to exercise a constructive inspiration on the enhancement of the market. The influence of governmental plans is stirring additional evolution of the market. The revivals carried out in the logistic chain are projected to produce favorable possibilities for progress in the coming period.
LIST OF TABLES
Table 1 Global Blockchain In Security Market, By Region, 2018–2023
Table 2 North America: Blockchain In Security Market, By Country, 2018–2023
Table 3 Europe: Blockchain In Security Market, By Country, 2018–2023
Table 4 Asia-Pacific: Blockchain In Security Market, By Country, 2018–2023
Table 5 Middle East & Africa: Blockchain In Security Market, By Country, 2018–2023
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LIST OF FIGURES
FIGURE 1 Global Blockchain In Security Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Blockchain In Security Market
FIGURE 4 Value Chain Of Global Blockchain In Security Market
FIGURE 5 Share Of Global Blockchain In Security Market In 2017, By Country (In %)
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