Blockchain Market to Reach US$ 23.3 Billion Growing at CAGR 80.2% to 2023

Blockchain Market Investment will grow 80.2% of CAGR with market worth US$ 23.3 Billion in next Five year. The report shows the Opportunities, Challenges, and Strategies for Blockchain Market which helps to stakeholders understand the competitive landscape.

The research study is titled “Blockchain Market by Provider, Application (Payments, Exchanges, Smart Contracts, Documentation, Digital Identity, Supply Chain Management, and GRC Management), Organization Size, Industry Vertical, and Region - Global Forecast to 2023” which encloses important data about the technology, service, application, industry, and region with information related to the market scope and product overview.

Global Blockchain Market size is expected to grow from US$ 1.2 Billion in 2018 to US$ 23.3 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 80.2% during the forecast period. Various factors, such as, increasing venture capital funding and investments in the blockchain technology, a growing need to simplify business processes and create business transparency and immutability, reduction in operational cost, increasing popularity of blockchain technology in retail and supply chain management are expected to drive the market.

Top Key Players in this “Blockchain ”report
• IBM (US)
• AWS (US)
• Microsoft (US)
• SAP (Germany)
• Intel (US)
• Oracle (US)
• Bitfury (US)
• Cegeka (Netherlands)
• Earthport (UK)
• Guardtime (Estonia)
• Digital Asset Holdings (US)
• Chain (US)
• Huawei (China)
• BlockCypher (US)
• Symbiont (US)
• BigchainDB (Germany)
• Applied Blockchain (UK)
• RecordsKeeper (Gibraltar)
• Blockpoint (US)
• Auxesis Group (India)
• BTL Group (Canada)
• Blockchain Foundry (Singapore)
• AlphaPoint (US)
• Factom (US)

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The Study Objectives of this report are
• To define, describe, and forecast the market by providers, applications, organization size, industry verticals, and regions
• To define, segment, and project the global market size for blockchain industry
• To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the blockchain market
• To analyze the micromarkets with respect to the individual growth trends, prospects, and contributions to the overall market
• To analyze market opportunities for stakeholders by identifying the high-growth segments of the market
• To forecast the market size of the segments with respect to regions, such as North America, Europe, APAC, MEA, and Latin America
• To profile the key players in the market and comprehensively analyze their market size and core competencies
• To track and analyze competitive developments, such as new product launches; mergers and acquisitions; and partnerships, agreements, and collaborations in the global blockchain industry

North America is estimated to hold the largest market size and dominate the global blockchain marketin2018, as the region is an early adopter of the blockchain technology. North America is considered the most advanced region in terms of technology adoption and infrastructure. The regional presence of key industry players offering blockchain technology solutions is the main factor driving the North American blockchain market.

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Research Coverage
The market study covers the blockchain market across segments. It aims at estimating the market size and the growth potential of the market across segments, such as provider, application, organzation size, industry vertical,and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Reason to buy this report
The report will help the market leaders/new entrants in the blockchain market with information on the closest approximations of the revenue numbers for the overall blockchain market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies.

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Release ID: 460259