Global Blockchain Technology Market worth $12.48 Billion by 2025 | CAGR: 53.2%: Global Market Estimates

Factors such as transparency and immutability in transactions are likely to drive the global market over the coming years. The growing use of the technology based applications such as documentation, payments, exchanges, and digital identities are also expected to propel the demand and foster the blockchain technology market growth.

MUMBAI, India, Nov. 7, 2017 /PRNewswire-iReach/ -- According to a new market research report published by Global Market Estimates, the Blockchain Technology Market is expected to grow at a CAGR of 53.2% during the forecast period, to reach USD 12.48 billion by 2025. The demand for blockchain technology is expected to grow as it allows transparent and faster processing of transactions between parties.

Digital currencies or crypto currencies such as Bitcoins, Ripple, Litecoin, and Mintchip are used as payments on the blockchain software platform. This platform is decentralized public ledger where cryptocurrency transactions are recorded. The technology is meddle-proof and transactions cannot be deleted which makes it secure for public usage.

Browse 120 Market Data Tables and 29 Figures spread through 162 Pages and in-depth TOC on "Blockchain Technology Market - Forecast to 2025" https://www.globalmarketestimates.com/blockchain-technology-market

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By Type (Public, Hybrid, Private)

By Provider (Infrastructure & Protocols Provider, Application & Solution Provider, Middleware Provider)

By Application (Exchanges, Smart Contracts, Payments, Documentation, Digital Identity, Clearing & Settlement)

By Organization Size (Small & Medium Enterprises, Large Enterprises)

By Vertical (Healthcare & Life Sciences, Retail & Ecommerce, BFSI, Government & Public Sector, Automotive, Media & Entertainment, Others)

By Consortium; By Key Block Chain Use Cases

By Region; End-use Landscape; Vendor Landscape and Competitor Analysis

Key Market Insights

  • Blockchain acts as a financial or bank statement to cryptocurrency transactions
  • The technology is used across the industries such as financial institutions, insurance, diamonds, music, and stock exchanges among others
  • The use of blockchain technology in voting systems, vehicle and weapon registrations, maintaining medical records are expected to garner opportunities for companies operating in the market
  • The banking, financial services, and insurance sector is projected to benefit tremendously from this technology
  • The lack of awareness of blockchain technology in developing countries is expected to lower growth to a certain extent
  • The North American market occupied the largest share in 2016 and is projected to grow at a high CAGR due to the presence of technologically oriented companies in the U.S. and Canada
  • Major players in the blockchain market are Circle Internet Financial Limited, BTL Group Ltd., Chain, Inc., Deloitte Touche Tohmatsu Limited, Digital Asset Holdings, LLC, Global Arena Holding, Inc. and IBM Corporation

Browse the Report @: https://www.globalmarketestimates.com/blockchain-technology-market

Type Outlook (Revenue, USD Billion, 2015 - 2025)

  • Public
  • Hybrid
  • Private

Provider Outlook (Revenue, USD Billion, 2015 - 2025)

  • Infrastructure & Protocols Provider
  • Application & Solution Provider
  • Middleware Provider

Application Outlook (Revenue, USD Billion, 2015 - 2025)

  • Exchanges
  • Smart Contracts
  • Payments
  • Documentation
  • Digital Identity
  • Clearing & Settlement

Vertical Outlook (Revenue, USD Billion, 2015 - 2025)

  • Healthcare & Life Sciences
  • Retail & Ecommerce
  • BFSI
  • Government & Public Sector
  • Automotive
  • Media & Entertainment
  • Others

Application Outlook (Revenue, USD Billion, 2015 - 2025)

  • Exchanges
  • Smart Contracts
  • Payments
  • Documentation
  • Digital Identity
  • Clearing & Settlement

Regional Outlook (Revenue, USD Billion, 2015 - 2025)

North America

  • U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • UK
  • France

Asia Pacific

  • China
  • Australia
  • Japan

Central & South America

  • Brazil

Middle East & Africa

  • Saudi Arabia
  • UAE

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Global Market Estimates has a proven track record in serving Fortune 500 companies. We're constantly identifying and analyzing high growth markets and revenue pockets. In consultation with various industry experts, our team of highly-skilled industry analysts study these markets through sophisticated tools and fail-safe, industry-approved methodologies.

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Media Contact: LIZA DSOUZA, GLOBAL MARKET ESTIMATES, +91 9146632316, sales@globalmarketestimates.com

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SOURCE Global Market Estimates



2017

Tags

Electronic Commerce, Economic News, Trends, Analysis



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