Blockchain Technology Market Size is Anticipated to Around USD 5,814 Million by 2024, this Market is Expected to Accelerate with 44.5% CAGR During the Forecast Time Frame

Global Blockchain Technology Market Report is the latest offering at ‘Ameco Research’ which is in-depth analysis of the market and helps an individual or company to understand the market scenario in better way.

Global Blockchain Technology Market is projected to witness a accelerate CAGR of 44.5% over the forecast period. The industry is likely to expand from USD 402.9 million in 2017 to USD 5,814 million by 2024.

Factors driving the market growth are increasing adoption of smart contracts, increasing number of online transactions, and digitalization of currencies. The market growth is owing to the elimination of any third party and offers faster settlement. The years used for the assessment are as follows:

Historical year : 2014, 2015 and 2016
Base year : 2017
Forecast period : 2018 – 2024

RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are:

Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
Interacting with key opinion leaders of the market and developing data points based on interaction with them
Study of past trends in the market and their year on year impact on the market size and share
Analyzing the collected data points
Bridging the data points to calculate the total blockchain technology market and it various segments
Anticipating potential risks
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global blockchain technology market
Finalizing the overall size and share for the global blockchain technology market

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OBJECTIVES:

To classify the global blockchain technology market segments are classified in type, organization size, application, end-user and region and analyze their growth prospects individually
To analyze market trends, opportunities, drivers and restraints associated with the global blockchain technology market
Profiling key companies operating in the global in a blockchain technology market
To study market response with respect to the mergers and acquisitions in the industry

MARKET SCOPE

The research scope for global blockchain technology market is as follows:

By Type
Public
Private
Consortium

By Organization Size
Small and Medium Enterprises (SMEs)
Large Enterprises

By Application
Payments
Digital Identity
Small Contracts
Supply Chain Management
Exchanges
Others

By End-User
Retail and E-commerce
Transportation and Logistics
Healthcare and Life Sciences
Media and Entertainment
Telecommunication and IT
Banking, Financial Services and Insurance (BFSI)

By Region
North America
US
Canada
Mexico
Europe
UK
France
Germany
Rest of Europe
Asia-Pacific (APAC)
Japan
China
India
Australia
Rest of APAC
Rest of the World (RoW)
Middle East and Africa (MEA)
South America

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FREE ANALYSIS

Increasing adoption of smart contracts, and considerable growth in online transactions across the globe has positively impacted the market demand. Transaction of money without passing it through any centralized authority is the major factor which is driving the market growth. Blockchain technology offers a transparent, secure and peer-to-peer medium for the exchange of currency with lower transaction costs. With sophisticated algorithms, the verification of each transaction is done and ledger is created of all the historical activity.

A blockchain technology is an encoded and encrypted digital ledger that is stored on many computers in a public or private network essentially eliminating the need for third party such as payment processors. Blockchain is used to improve the data management in the public sector. Moreover, this technology also addresses every transaction’s authenticity by verifying the parties involved, the date and time of transaction with the contents. If any fraud information is detected due to forgery or corruption, then transaction does not take place. As such, the blockchain technology can be an effective tool to root out corruptions by having a transparent view on every transaction.

Geographically, North America holds the major share of the blockchain technology market owing to the wide implementation of documentation, smart contracts, as well as presence of various industries operating in blockchain market. Whereas, Asia-Pacific is expected to be the fastest growing region in the market. The growth is attributed to the rising crypto-currency market and digitalization of payment solutions in countries like China and India.

Key players in the blockchain technology market includes IBM Corporation; The Linux Foundation; AlphaPoint;Coinbase; Microsoft Azure; Bitfury Group Limited; Monax; Factom; Ripple, among others.

Available customization:

With the given market information, Ameco research offers customization's in line with the company's specific wishes. The following customization choices unit of measurement accessible for the report:
Regional and country-level analysis of the Global Blockchain Technology Market, by end-use.
Detailed analysis and profiles of additional market players.

Some Points From Table of Contents

Global Blockchain Technology Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

CHAPTER 1. Market Scope and Methodology

1.1. Research methodology

1.2. Research scope & assumptions

1.3. List of data sources

CHAPTER 2. Executive Summary

2.1. Blockchain Technology – Market Snapshot

....

CHAPTER 7. Key Players and Strategic Developments

7.1. IBM Corporation

7.1.1. Business Overview

7.1.2. Type and Service Offering

7.1.3. Financial Overview

7.1.4. Strategic Developments

7.2. Linux Foundation

7.2.1. Business Overview

7.2.2. Type and Service Offering

7.2.3. Financial Overview

7.2.4. Strategic Developments

7.3. AlphaPoint

7.3.1. Business Overview

7.3.2. Type and Service Offering

7.3.3. Financial Overview

7.3.4. Strategic Developments

7.4. Coinbase

7.4.1. Business Overview

7.4.2. Type and Service Offering

7.4.3. Financial Overview

7.4.4. Strategic Developments

7.5. Microsoft Azure

7.5.1. Business Overview

7.5.2. Type and Service Offering

7.5.3. Financial Overview

7.5.4. Strategic Developments

7.6. Bitfury Group Limited

7.6.1. Business Overview

7.6.2. Type and Service Offering

7.6.3. Financial Overview

7.6.4. Strategic Developments

7.7. Monax

7.7.1. Business Overview

7.7.2. Type and Service Offering

7.7.3. Financial Overview

7.7.4. Strategic Developments

7.8. Factom

7.8.1. Business Overview

7.8.2. Type and Service Offering

7.8.3. Financial Overview

7.8.4. Strategic Developments

7.9. Ripple

7.9.1. Business Overview

7.9.2. Type and Service Offering

7.9.3. Financial Overview

7.9.4. Strategic Developments

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