Rising demand for Blockchain Technology in financial institutions, healthcare and supply chain management will augment Blockchain Technology Market in the upcoming year. Moreover, the major factor driving the market growth is the government initiatives to encourage utilizing more applications of the blockchain, growing demand for distributed ledger technology, increasing demand for simplifying business processes and need for faster transactions in real-time.
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Public product type of Blockchain Technology market is projected to be the leading segment of the overall market during the forecast period
On the basis of type, the Blockchain Technology market has been segmented into Public, Private, and Consortium or Federated. Public blockchain dominates the global Blockchain Technology owing to its properties which can be accessed by any and everyone. . Consortium or Federated market will drive by using it by multiple organizations using the network for their benefit where multiple organizations can exchange information and work simultaneously. Private blockchain market will grow by its centralization property which provides data privacy rules.
Infrastructure & protocol provider is expected to leading industry for providing Blockchain Technology services during the forecast period
On the basis of application, the global Blockchain Technology market has been segmented into Application and solution provider, Middleware provider and Infrastructure & protocol provider. By Service provider type, Infrastructure & protocol provider segment will lead the Blockchain Technology market owing to providing customized distributed ledger network for their customer. The application and solutions providers are anticipated to the fastest growing segment due to the application developers develop applications that minimizing the transcription data duplication and offering timely authentication.
Payment is projected to leading industry for utilizing applications of the Blockchain Technology during the forecast period
On the basis of application type, the Blockchain Technology market has been segmented into Payments, Exchange, Digital identity, Smart Contracts, Documentation, Supply chain management, Governance, risk and compliance management. By application type, the Payment segment will lead the market owing to properties of blockchain to reduce the need for middlemen such as third-party authorization and central agencies from the payment processing. Digital identity segment will be the fastest growing market owing to providing secure and trustworthy identification system.
Global Blockchain Technology Market Competitive Landscape
Companies, such as, IBM Corp., Microsoft Corp., Linux Foundation, R3, BTL Group; Chain Inc.; Deloitte; Circle Internet Financial Limited; Global Arena Holding, Inc. (GAHI); Post-Trade Distributed Ledger; Ripple, Eric Industries, AWS , SAP , Intel , Oracle , Bitfury, Cegeka, Earthport , Guardtime , Digital Asset Holdings, Huawei, BlockCypher, Symbiont , BigchainDB , Applied Blockchain , RecordsKeeper , Blockpoint , Auxesis Group , BTL Group , Blockchain Foundry ,AlphaPoint and Factom are the key players for providing services of Blockchain Technology. In terms of services offerings, IBM Corp., Microsoft Corp., Linux Foundation and R3 are the major players in the market.
Table of Contents
Chapter: 1. Research Framework
Chapter: 2. Research Methodology
Chapter: 3. Executive Summary
Chapter: 4. Global Blockchain Technology Industry Insights
Chapter: 5. Global Blockchain Technology Market Overview
Chapter: 6. Global Blockchain Technology Market, By Product Type
Chapter: 7. Global Blockchain Technology Market, By Providers
Chapter: 8. Global Blockchain Technology Market, By Application
Chapter: 9. Global Blockchain Technology Market, By End-Users
Chapter: 10. Global Blockchain Technology Market, By Region
Detailed Analysis of Table of Contents (TOC)@
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