In the Report “Blockchain Market:
By Product & Services (Exchanging, Trading and Investment, Financial
Services); By Provider Type (Solution and Application, Infrastructure and
Protocol Provider); By Industry Vertical (BFSI, Government & Public Sector,
Healthcare) & Geography – Forecast (2018 - 2023)” published by
IndustryARC, the blockchain market willexperience high adoption rate in
different baking system of both developed and developing countries.Central
bank, commercial banks, stock exchange are expected drive the blockchain market
growth for a long period of time.
Asia-Pacific leading with higher adoption rate of
share in the BlockChain Market
The North Americanregion accounts for a major share of 41.89% of theoverall
blockchain market. The U.S. and Canadian government have already implemented the
blockchain technology in many banking and financial institutions. The Asia-Pacific
region is estimated to grow at a CAGR of 54.65% during the forecast
period. Asia-Pacific Blockchain market was
valued $569.6 million in2017, and is expected to reach $1614.6 million by 2023.In
APAC, Blockchain technology has a great potential totransform the payments
prospect by offering economy cost and instant transfers of capital over mobile
and the internet. A digital currency is flexible andinnovative for emerging
markets where payments and banking infrastructure is less developed.
BlockChain Market Services&Industrial Vertical Analysis done in the full Report:
The Blockchain and distributed infrastructure
technology are exhilarating developments that show a better functionality for
financial service industry. The financial institutions are among the first to
leverage the decentralized Blockchain platform to implement in the future. In
product and services segment, financial service isthe leading segment expected
to grow at a CAGR of 52.29% during the forecast period from 2018 to 2023.The
financial service market is expected to reach $2,207.1 million by 2023.
The Exchange, Trade and Investment segment is the
second leading service. The market for exchange, trade and investment segment
is estimated to reach $1,176.9 millionby 2023, and is expected to grow at a
CAGR of 50.50% from 2018 to 2023.In the exchange, tradeand investment segment,
the blockchain technology is taking the role of intermediaries, as a result the
Blockchain market ismaking the process lot easier and cost efficient.
Banking, financial services and insuranceis the
leading segment and will continue its dominance for the period of 2018-2023.
Banking, financial services and insurance segment were valued at $240.3 million
in 2017, and is expected to reach $2968.2 million by 2023, growing at a CAGR of
52.01%, from 2018-2023. Financial institutionsare among the first leverage to
implement the decentralized Blockchain platform to offer better services in the
future.
In order to make stand-alone investments, a number of
banks have joined hands to make a Blockchain consortium, focusing on
identifying and prototyping new hypothesis and developing Block and chain
technology standards, expected to drive the growth of this industry vertical
further.
Talk to one
of our sales representative about the BlockChain Market report by providing your details
in the link below:
Excerpts on BlockChain Market Growth Factors
·
Microsoft
Corporation Blockchain developers in Consensus 2017 summit metin New York and
also announced about additional Blockchain protocol support in Azure which
consists of complex Blockchain and distributed ledger network deployments
including Hyper Ledger Fabric, R3 Corda, Quorum, Chain Core and BlockApps. This
blockchain will provide opportunities in different segments in the market.
·
People are
now collaborating across blockchain platforms and looking to develop viable
ideas based on the feedback of itsintended users, availing the concept of a
minimum viable product. Blockchain technology is complexas these concepts are
unfamiliar to most of the users. So, different public and private bodies are
creating awareness among the people to switch current bank institutions to
blockchain technology, hence it will drive the rate of adoption of the market.
·
In advanced
blockchain technology,all the transactions are carried out from peer-to-peer connection
that can cut the costs and speed up the processes. In the current scenario, eliminating
early use of third party intermediary is propelling the growth of the market
across the globe.
·
The key aspects
of technology aretechnical infrastructure, data security, and the scalability
of the technology. Implementation of a decentralized energy transaction will
require technical infrastructure.Thus,the development of technical
infrastructure is a major challenge and will createhuge opportunities for the Blockchain
market growth.
To access the
BlockChain Market report browse the link below
Key players
of the BlockChain Market
Companies operating in the Blockchain market are International
Business Machine (U.S), Microsoft Corporation (U.S), Deloitte (Rubix), Ripple
(U.S), and among others. Other companies challenging their position in the Blockchain
market include BTL group (Canada), Digital Ltd (Australia), and Earthport (U.K)
that are givingtough competition to the top players with their innovative
service and solution offering. The companies are mostly investing inblockchain
developmentsand research due to the rapidly changing technology market that is
an additional threat to the new entrances. Some of the major services and
solution from leading companies are Azure Blockchain Service, STARTO Blockchain
LTS, Chain Core Developer Edition by Microsoft. Bluemix by IBM, Corporate
Disbursements and Retail Remittances by Ripple, Airpocket by Digitalx limited etc.Most of the companies went into a partnership, collaboration
and expansion to increase the productivity of the services.
BlockChain
Market report is segmented as below
A.
BlockChain
Market – By Product And Services
1.
Exchanging,
Trading and Investment
2.
Financial
Services
3.
Infrastructure
4.
Payments
& E-Wallet
5.
Digital
Identity & Reputation
6.
Others
B.
Blockchain
Market – By Provider Type
1.
Solution and
Application Provider
2.
Infrastructure
and Protocol Provider
C.
Blockchain
Market – By Industry Verticals
1.
Banking
Financial Services & Insurance (BFSI)
2.
Information
and Communication
3.
Government
& Public Sector
4.
Healthcare
5.
Logistics,
Supply Chain & Transportation
6.
E-Commerce
and Retail
7.
Others
D.
Blockchain
Market – By Type
1.
Public
2.
Private
E.
BlockChain
Market by Geography (covers 10+ countries)
F.
BlockChain
Market Entropy
G.
Manufacturer Citied / Interviewed
1. Chain, Inc.
2. Global Arena Holding, Inc.
3. Digitalx Limited
4. Plutus Financial Inc.
5. Bitfury Group Limited
6. Coinbase
7. Circle Internet Financial Limited
8. Digital Asset Holdings. LLC
9. 21.Co
10. Company 10
Related
Report:
A.
Fintech Market
B.
Bitcoin Payments Ecosystem Market
What can you
expect from the report?
The BlockChain
Market Report is Prepared with the Main Agenda to Cover the following 20
points:
1. Market Size
by Product Categories & Application
11. Demand Analysis (Revenue & Volume)
2. Market
trends & Relevant Market Data 12.
Country level Analysis
3.
Manufacturer Landscape 13. Competitor Analysis
4.
Distributor Landscape 14.
Market Shares Analysis
5. Pricing
Analysis 15.
Value Chain Analysis
6. Top 10 End
user Analysis 16.
Supply Chain Analysis
7. Product
Benchmarking 17.
Strategic Analysis
8. Product
Developments 18.
Current & Future Market Landscape Analysis
9. Mergers
& Acquisition Analysis 19.
Opportunity Analysis
10. Patent
Analysis 20.
Revenue and Volume Analysis
Frequently
Asked Questions:
Q. Does IndustryARC publish country or application based reports in Cloud
Billing Market segment?
Response: Yes, we do have separate reports
as mentioned below:
1. Americas BlockChain Market Report (2018-2023)
2. Asia Pacific BlockChain Market
Analysis (2018-2023)
3. Europe BlockChain Market Size (2018-2023)
4.
Provider
TypeBlockChain Market Share (2018-2023)
5. Product And ServicesBlockChain
Market Trend (2018-2023)
6.
Industry
Verticals BlockChain Market Forecast (2018-2023)
Q. Does
IndustryARC provide customized reports and charge additionally for limited
customization?
Response:Yes, we can customize the report by extracting
data from our database of reports and annual subscription databases. We can
provide the following free customization:
1. Increase
the level of data in application or end user industry.
2. Increase
the number of countries in geography chapter.
3. Find out
market shares for other smaller companies or companies which are of interest to
you.
4. Company
profiles can be requested based on your interests.
5. Patent
analysis, pricing, product analysis, product benchmarking, value and supply
chain analysis can be requested for a country or end use segment.
Any other
custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our
consulting services.
To request for a proposal, provide your
details in the below link:
Media
Contact:
Mr. Venkat
Reddy
Sales Manager
Email 1:
sales@industryarc.com
Contact
Sales: +1-614-588-8538 (Ext-101)
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