Global BlockChain Market Will Be Growing At 78.6% CAGR To Reach $8.36 Billion BY 2025.
The study presented here is based on a report by Envision Inteligence (EI) titled Blockchain Market (By Provider, By Organization, By Industry, By Application, & By Geography) Market Industry Analysis, Segmentation, Size, Share, Growth, Trends and Fore
(EMAILWIRE.COM, September 15, 2018 ) The study presented here is based on a report by Envision Inteligence (EI) titled Blockchain Market (By Provider, By Organization, By Industry, By Application, & By Geography) Market Industry Analysis, Segmentation, Size, Share, Growth, Trends and Forecast 2019 2025. According to the report, the global blockchain market was valued at $455.7million in 2017 and is projected to grow with a rapid CAGR of 78.6% during 2019 to 2025 to reach $8.36 Billion by 2025.
Introduction:
The blockchain is a public digital record it operated on the user to user basis and used to record all the transactions so the records cannot be changed. Blockchain has various applications in the BFSI industry including payments, exchanges, smart contracts, documentation, digital identity, supply chain management, governance, risk, and compliance management in this industry. Blockchain market segmentation covers industry verticals including government, healthcare and life sciences, media and entertainment, retail and e-commerce, travel, hospitality, transportation, logistics, real estate and telecommunication using blockchainfor faster transactions and business processes. Key blockchain market trends include the blockchain is predicted to become its asset tracking tool in the coming years and is a boon for the array of industries.
Download Free Sample @ https://www.envisioninteligence.com/industry-report/global-blockchain-market/?utm_source=ew-chitti
INCREASING ADOPTION OF BLOCK CHAIN AS SERVICE IS DRIVING MARKET GROWTH:
Increase in adoption of blockchain for several applications and industries are primarily driving the growth of the market. Factors such as rising importance and adoption of the blockchain technology among communication set of providers & technology for payments, smart contacts and digital identities and transforming international trade and supply chain management is bolsteringthe market growth during the forecast period.Blockchain market size was $455.7 million in 2017 and is projected to reach over $8 billion by 2024. Blockchain market growth is likely to be high in the emerging economies and overall market CAGR of over 70% during 2019 2024.
ASIA PACIFIC IS PROJECTED TO CONTINUE ITS DOMINANCE IN THE GLOBAL BLOCK CHAIN MARKET DURING 2019 - 2025:
Blockchain market analysis by geography is carried out for the regions including North America, South America, Europe, APAC and Middle East & Africa. The Asia Pacific accounted for the significant share of the blockchain market with Japan and China as leading revenue generators and India as the promising market next to China. The massive presence of significant players along with the rapid developmental procedures to expand the penetration of blockchain to multiple end-user industries is significantly propelling the market growth.
SOUTH AMERICA IS ESTIMATED TO WITNESS BRISK GROWTH RATE DURING 2019 2025:
The market in South America is growing at a faster rate compared with the Asia Pacific, due to the trend of cross-border payments, access to mobile phones and widespread adoption of crypto currencies to hedge against the poorly managed central banks. Blockchain market forecasts represent a steady growth rate regarding the user in Brazil, Argentina and Venezuela. These countries create the digital economy that reduces the use of physical cash, creating a transparent taxation process that works efficiently.
By Provider:
Application and solution provider
Middleware provider
Infrastructure and protocols provider
By Organization:
Large enterprises
Small to medium enterprises
By Industry:
BFSI
Government
Healthcare and life sciences
Media and entertainment
Retail and e-commerce
Travel and hospitality
Transportation and logistics
Real estate
Telecommunication
Others
By Application:
Payments
Exchanges
Smart contracts
Documentation
Digital identity
Supply chain management
Governance, risk, and compliance management
Others
The report provides an in-depth and full analysis of the key technological and product development aspects for all the key companies operating in the market in each region.
Key Players:
Amazon Web Services
IBM, Inc.
Microsoft Corporation
Ripple
Chain, Inc.
Earthport
About us:
Envision Inteligence is the Main Supplier of Market Analysis Reviews, Customized Consulting Companies, Information Analytics and Trade Evaluation. Our purpose is to offer the correct data required by the stakeholder on the proper level of time, in a format which assists a clever and knowledgeable resolution making a course of!
Contact us:
Sales Team,
Sales@envisioninteligence.com
Call: +1 408-963-0099
MIG-236, D. No: - 39-33-75/3,
Madhavadhara Vuda Layout,
Visakhapatnam- 530007
Web: www.envisioninteligence.com
Introduction:
The blockchain is a public digital record it operated on the user to user basis and used to record all the transactions so the records cannot be changed. Blockchain has various applications in the BFSI industry including payments, exchanges, smart contracts, documentation, digital identity, supply chain management, governance, risk, and compliance management in this industry. Blockchain market segmentation covers industry verticals including government, healthcare and life sciences, media and entertainment, retail and e-commerce, travel, hospitality, transportation, logistics, real estate and telecommunication using blockchainfor faster transactions and business processes. Key blockchain market trends include the blockchain is predicted to become its asset tracking tool in the coming years and is a boon for the array of industries.
Download Free Sample @ https://www.envisioninteligence.com/industry-report/global-blockchain-market/?utm_source=ew-chitti
INCREASING ADOPTION OF BLOCK CHAIN AS SERVICE IS DRIVING MARKET GROWTH:
Increase in adoption of blockchain for several applications and industries are primarily driving the growth of the market. Factors such as rising importance and adoption of the blockchain technology among communication set of providers & technology for payments, smart contacts and digital identities and transforming international trade and supply chain management is bolsteringthe market growth during the forecast period.Blockchain market size was $455.7 million in 2017 and is projected to reach over $8 billion by 2024. Blockchain market growth is likely to be high in the emerging economies and overall market CAGR of over 70% during 2019 2024.
ASIA PACIFIC IS PROJECTED TO CONTINUE ITS DOMINANCE IN THE GLOBAL BLOCK CHAIN MARKET DURING 2019 - 2025:
Blockchain market analysis by geography is carried out for the regions including North America, South America, Europe, APAC and Middle East & Africa. The Asia Pacific accounted for the significant share of the blockchain market with Japan and China as leading revenue generators and India as the promising market next to China. The massive presence of significant players along with the rapid developmental procedures to expand the penetration of blockchain to multiple end-user industries is significantly propelling the market growth.
SOUTH AMERICA IS ESTIMATED TO WITNESS BRISK GROWTH RATE DURING 2019 2025:
The market in South America is growing at a faster rate compared with the Asia Pacific, due to the trend of cross-border payments, access to mobile phones and widespread adoption of crypto currencies to hedge against the poorly managed central banks. Blockchain market forecasts represent a steady growth rate regarding the user in Brazil, Argentina and Venezuela. These countries create the digital economy that reduces the use of physical cash, creating a transparent taxation process that works efficiently.
By Provider:
Application and solution provider
Middleware provider
Infrastructure and protocols provider
By Organization:
Large enterprises
Small to medium enterprises
By Industry:
BFSI
Government
Healthcare and life sciences
Media and entertainment
Retail and e-commerce
Travel and hospitality
Transportation and logistics
Real estate
Telecommunication
Others
By Application:
Payments
Exchanges
Smart contracts
Documentation
Digital identity
Supply chain management
Governance, risk, and compliance management
Others
The report provides an in-depth and full analysis of the key technological and product development aspects for all the key companies operating in the market in each region.
Key Players:
Amazon Web Services
IBM, Inc.
Microsoft Corporation
Ripple
Chain, Inc.
Earthport
About us:
Envision Inteligence is the Main Supplier of Market Analysis Reviews, Customized Consulting Companies, Information Analytics and Trade Evaluation. Our purpose is to offer the correct data required by the stakeholder on the proper level of time, in a format which assists a clever and knowledgeable resolution making a course of!
Contact us:
Sales Team,
Sales@envisioninteligence.com
Call: +1 408-963-0099
MIG-236, D. No: - 39-33-75/3,
Madhavadhara Vuda Layout,
Visakhapatnam- 530007
Web: www.envisioninteligence.com
Contact Information:
Envision Inteligence
Bharadwaj Oruganti
Tel: 1-408-963-0099
Email us
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Envision Inteligence
Bharadwaj Oruganti
Tel: 1-408-963-0099
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results