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BlockChain Market By Type (Public Blockchain, Private Blockchain, Consortium or Federated Blockchain); By End User (Banking, Financial Services and Insurance (BFSI), Government and Public Sectors, Healthcare, Retail and E-Commerce, Information Technology); By Application (Smart Contracts, Digital Identities, Digital Product Memory, Supply Chain Management, 3D Printing) - Global Market & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation

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Block Chain Market Overview

Blockchain refers to continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a cryptographic hash of the previous block, a timestamp and transaction data. A blockchain is inherently resistant to modification of the data. Moreover, block chain is the digital and decentralized ledger technology that records all transactions without the need for a financial intermediary like a bank.

Market Size and Forecast

Global blockchain market is anticipated to grow at a considerable CAGR of around 70% over the forecast period, i.e. 2017-2024. Further the global blockchain market is likely to grow on the basis of the real estate vertical, which is expected to grow at the highest rate during the forecast period. In the regional market, North America is anticipated to dominate the overall market of blockchain market during the forecast period. Further, the region contributed to the leading share in terms of revenue on account of high acceptance of blockchain technology due to its transparency and immutability.

blockchain market

Europe blockchain market is expected to expand due to the representative shares in the global blockchain market over the forecast period. Global blockchain market is profitable market in the region of Asia Pacific over the forecast period. Factors, such as increasing investments and great involvement of industries are likely to be the major drivers for Asia Pacific blockchain market over the forecast period. Moreover, China is predicted to contribute significantly towards the growth of Asia Pacific blockchain market over the forecast period.CLICK TO DOWNLOAD FREE SAMPLE

Market Segmentation

Our in-depth analysis has segmented global blockchain market into the following segments:

By Type

  • Public Blockchain
  • Private Blockchain
  • Consortium or Federated Blockchain

By End User

  • Banking, Financial Services and Insurance (BFSI)
  • Government and Public Sectors
  • Healthcares
  • Retail and E-Commerce
  • Information Technology

By Applications

  • Smart Contracts
  • Digital Identities
  • Digital Product Memory
  • Supply Chain Management
  • 3D Printing

By Region

The global block chain market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers and Challenges

Factors such as crypto volatility with cryptocurrencies are emerging which may significantly increase the growth of blockchain market over the forecast period. The global market of block chain permits applicants to authenticate and review transactions. Further, blockchain based transactions can be completed in faster way, more safely, and economically than conventional transaction systems.

Moreover, the global blockchain market is expected to expand on the back of growing real estate vertical across the globe. In addition blockchain based transactions of value can be completed in faster way, more safely, and economically than conventional transaction systems.

However, the blockchain is that it allows transactions to be stored on a public ledger, which can also be its biggest weakness. The publicly accessible ledger means privacy becomes an issue for confidential transactions, something that has slowed the incorporation of the block chain in some industry segments. Apart from this, scalability is some of the key factors which are expected to limit the growth of global blockchain market in upcoming years.

Key Players

  • IBM Corporation
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Microsoft Corporation
  • Amazon.com, Inc.
  • SAP SE
  • Intel Corporation
  • Samsung Group
  • NVIDIA Corporation
  • Xilinx, Inc.
  • AMD, Inc.
  • Siemens AG
  • Accenture Plc

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global block chain market is segmented as follows:

  • By Type Market Size & Y-O-Y Growth Analysis
  • By End User Market Size & Y-O-Y Growth Analysis
  • By Applications Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

Factors Covered for Market Penetration
Factors to be Considered for maximum ROI
Connect with our Analyst

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