The Qualitative research study accompanied by ORBIS RESEARCH titled on “Global Blockchain Technology Market describing the Product / Business Scope, Overview and outlook from 2019 to 2023”. In this Research Report provides primary, secondary or History data for studies, the scope of the product and vendor briefings. The market Study is segmented by key regions which are accelerating the marketization and study is segmented by Products, Types, Status, Size, Current or Upcoming Trend, Smart Key Players, Future Opportunities, Application, Regional Demand, Challenges and Forecast to 2023. Blockchain Technology Market Major Key Players/ Manufacturer included in the Report some of the Microsoft Corporation, IBM, Accenture, Deloitte, etc.
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Global Blockchain Technology Market
Blockchain technology is being increasingly used in the BFSI segment for financial transactions and cross-border payments. In the Banking and financial sector, it is utilized to secure payments, maintain customer identities, settle cross-border payments, etc. The global Blockchain market is expected to grow at a CAGR of 42.8% (2018-2023) leading to global revenue of USD 19.9 Bn by 2023.
Blockchain technology is also employed in Healthcare Sector, Supply Chain Management, Energy, Media, and Informatics, etc. Banking financial services and insurance (BFSI) together holds the largest share. Blockchain in retail industry under Supply chain management is the fastest growing sector.
Blockchain Technology market is further classified into three main types based on its users’ accessibilities – Public Blockchain Technology, Private Blockchain Technology, and Mixed Blockchain Technology. Public Blockchain technology dominates the market. The US dominates in Blockchain patents application. About half of the total Blockchain patents applied is primarily for financial use.
Key growth factors:
Financial Technology (FinTech) companies are planning to invest a part of their total investment in the distributed ledge technology, i.e., Blockchain. The technology being decentralized attracts the banking sector to adopt the technology. The Blockchain technology market is expected to have a positive growth shortly owing to less time consumption, transparent nature that also requires less transaction cost.
Threats and key players:
Although the Blockchain market is expected to have a positive growth globally, still, there is lack of awareness, regulation problem, ideology clash hinders the adoption of the technology.
Some of the Blockchain technology providers in the Blockchain market are Microsoft Corporation, IBM, Accenture, Deloitte, etc.
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What’s covered in the report?
o Overview of the Blockchain technology market.
o Current and forecasted market size data for Global BFS, Insurance, supply-chain, healthcare, others.
o Current and forecasted regional (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) market size data for Blockchain technology market.
o Current and forecasted market size data for Global Public, Private, Mixed Blockchain technology
o Analysis of Companies profiles of major public and private players operating in the market
o Blockchain Technology patent analysis
o Key Opportunity for Blockchain technology market
o Market Trends in global Blockchain technology market
o Get a broad understanding of the Blockchain technology application in BFS, Insurance separately along with its use in Supply-chain management, healthcare, others.
o Get Region-specific drivers and challenges affecting the Global Blockchain Technology market
o Recognize significant competitors’ business and market dynamics, and respond accordingly
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