2023- 2028, Global Blockchain Market Report Overview:
The Global Blockchain Market is projected to grow at a CAGR of around 73.1% during the forecast period, i.e., 2023-28. This study incorporates both quantitative and qualitative data, shedding light on market competition, conducting gap analysis, elucidating key market advancements, addressing challenges, exploring new prospects, and outlining market trends. Forecasts predict an 8.0% Compound Annual Growth Rate (CAGR) for the Blockchain Market from 2023 to 2028.
This study meticulously examines the Blockchain Market, highlighting crucial shifts and trends for industries, suppliers, associations, and organizations. It furnishes distinctive insights into major market competitors and emerging enterprises boasting significant market share in terms of revenue, demand, sales, product manufacturing, and service provision. The report emphasizes providing general information to facilitate informed decision-making about the market's current state.
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Key Driver: Massive Venture Capital Investments due to Rapidly Rising Market Value of Cryptocurrencies
Cryptocurrencies incur lower transaction fees than other payment methods, as they are based on blockchain technology. As a result, many individuals & businesses are increasingly adopting the technology for cross-border payments & remittances since the latter involves high transaction costs. Moreover, since cryptocurrencies are immutable, regulatory authorities cannot impose any restrictions on cross-border transactions. All these aspects have resulted in a significant surge in the market value of cryptocurrencies, i.e., attracting massive venture capital funding in blockchain startups, which projects lucrative prospects for the Global Blockchain Market during 2023-28.
What Major Companies Exist in the Blockchain Market?
- IBM
- Amazon Web Services, Inc.
- Microsoft
- SAP
- Intel
- Oracle
- NTT Data
- Accenture
- Deloitte Touche Tohmatsu Limited
- Consensys Systems
- Huawei
- Monax
- Blockchain Tech LTD
- R3
This study offers an in-depth analysis of the current competitive landscape within the Blockchain industry, focusing on key market players. Each profile provides a comprehensive view, encompassing the company's business overview, range of products and services, crucial financial data, and the latest news and developments.
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Blockchain Market Segmentation & Geographical Aspects -
The segmentation study is viewed as a crucial step in identifying the target market. It involves a meticulous examination of segments to formulate advertising techniques and marketing strategies for the Blockchain Market at both regional and global levels. Industry experts have conducted a thorough analysis of profitability and growth prospects in this report. The study comprehensively covers various geographical aspects, encompassing market share, growth rate, net revenue, consumption, historical data, and market projections (2023–2028).
To provide consumers with a deeper understanding, specialists have conducted evaluations on the value chain and raw materials in this section. The report comprises the following segments
-By Component
- Services- Market Size & Forecast 2018-2028F, USD Million
- Platform- Market Size & Forecast 2018-2028F, USD Million
-By Provider
- Application Provider- Market Size & Forecast 2018-2028F, USD Million
- Infrastructure Provider- Market Size & Forecast 2018-2028F, USD Million
- Middleware Provider- Market Size & Forecast 2018-2028F, USD Million
-By Type
- Private- Market Size & Forecast 2018-2028F, USD Million
- Public- Market Size & Forecast 2018-2028F, USD Million
- Hybrid- Market Size & Forecast 2018-2028F, USD Million
-By Organization
- Small- Market Size & Forecast 2018-2028F, USD Million
- Medium- Market Size & Forecast 2018-2028F, USD Million
- Large- Market Size & Forecast 2018-2028F, USD Million
-By Application
- Payment- Market Size & Forecast 2018-2028F, USD Million
- Documentation- Market Size & Forecast 2018-2028F, USD Million
- Exchanges- Market Size & Forecast 2018-2028F, USD Million
- Supply Chain Management- Market Size & Forecast 2018-2028F, USD Million
- Digital Identity- Market Size & Forecast 2018-2028F, USD Million
- Others (Advertising insights, Smart Contracts, etc.) - Market Size & Forecast 2018-2028F, USD Million
-By End User
- BFSI- Market Size & Forecast 2018-2028F, USD Million
- Government- Market Size & Forecast 2018-2028F, USD Million
- Logistics- Market Size & Forecast 2018-2028F, USD Million
- Healthcare- Market Size & Forecast 2018-2028F, USD Million
- Energy & Utilities- Market Size & Forecast 2018-2028F, USD Million
- Media & Entertainment- Market Size & Forecast 2018-2028F, USD Million
- IT & Telecom- Market Size & Forecast 2018-2028F, USD Million
- Retail & E-commerce- Market Size & Forecast 2018-2028F, USD Million
- Others (Agriculture, Manufacturing, etc.)- Market Size & Forecast 2018-2028F, USD Million
-By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
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- The report's presentation of demand and supply dynamics offers a holistic view of the industry under study.
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Note: The Global Blockchain Market can further be customized with multi-dimensional, deep-level, & high-quality insights as per the specific requirements of clients to help them garner the industry's prospects, effortlessly encounter market challenges, adequately formulate different strategies, and make sound decisions to remain competitive in the market.
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