Report ID: 10078290 |
Published Date: 21 Oct 2022 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
Global Blockchain Industry was valued at USD 357.8 Million in the year 2017. Global Blockchain Industry is further estimated to grow at a CAGR of 74.4% from 2019 to reach USD 30.74 Billion by the year 2025. North America region holds the highest Industry share in 2017 and the Asia-Pacific Industry is considered as the fastest growing Industry in the forecasted period due to high adoption and acceptance of blockchain technology. At a country level, the U.S., Japan & China are projected to grow strongly in the coming years.
Major market players in Blockchain Industry are 360 Blockchain Inc., Amazon AWS, Abra (US), Deloitte, IBM Blockchain, Microsoft Blockchain, Chain, Inc., Ripple, BTL Group, Coinbase, Axoni,
JP Morgan Chase, and other 10 more companies overview provided in the report. Rising research and development expenses to cater to changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
SWOT Analysis of Blockchain Industry:
Strength:
Rapidly growing cryptocurrency Industry
Providing faster transactions
Weakness:
Unregulated and not monitored by any central bank
Opportunities:
Increasing traceability and customer experience
Providing Security of online communications
Threats:
Security & privacy
Lack of awareness about technology
On the basis of providers application and solution provider holds the highest Industry share in coming years. The segmentation is done on the basis of Industry Vertical, the real estate segment is expected to hold the highest Industry share among other industries. On the basis of Organization Size, the Industry is segmented into small and medium-sized enterprises (SMEs) and large enterprises of which large enterprises is expected to grow at the highest CAGR during the forecasted period.
By Provider
• Application and solution provider
• Middleware provider
• Infrastructure and protocol provider
By Application
• Payments
• Smart Contracts
• Exchanges
• Documentation
• Digital Identity
• Supply chain management
• Governance, risk and compliance management
• Others (digital voting and content storage management)
By Industry Vertical
• Banking, Financial Services, and Insurance (BFSI)
• Government and public sector
• Healthcare and life sciences
• Media and entertainment
• Retail and e-commerce
• Travel and hospitality
• Transportation and logistics
• Real estate
• IT and telecommunications
• Others (Automotive, Education, Energy and Utilities)
By Organization Size
• Small and Medium-Sized Enterprises (SMEs)
• Large enterprises
By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa
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Report ID: 10078290 |
Published Date: 21 Oct 2022 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
