This report estimates the global Blockchain market to grow from USD 210.2 million in 2016 to USD 2,312.5 million by 2021, at a Compound Annual Growth Rate (CAGR) of 61.5%. The Blockchain market is growing rapidly as the organizations are more focused on transparency & immutability, and scalability. However, factors such as lack of awareness about the Blockchain and uncertain regulatory status are the major restraints in the overall growth of the market.
Infrastructure and protocols provider segment is estimated to have the largest market size in 2016 due to increasing need for services such as mining, public, and special protocols. Furthermore, the application and solution provider segment will grow at the highest CAGR during the forecast period, due to demand for efficient business processing applications.
The Blockchain solutions have been deployed across various industry verticals, including Banking, Financial Services, and Insurance (BFSI), government & public sector, healthcare & life sciences, retail & ecommerce, automotive, media & entertainment, and others. The media and entertainment vertical is expected to witness the highest CAGR during the forecast period as the industry has been transformed with digital technology to solve various problems such as problem of copyrights by assigning rights, usage tracking, and distribution of all the content creators and owners using Blockchain.
- 21, Inc.
- Abra, Inc.
- BTL Group (Blockchain Tech Ltd.)
- Chain, Inc.
- Circle Internet Financial Limited
- Digital Asset Holdings
- Digitalx Ltd. (Digital Cc Ltd.)
- Global Arena Holding, Inc. (GAHI)
- IBM Corporation
- Microsoft Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Blockchain Market Overview
6 Blockchain Market: Industry Trends
7 Blockchain Market Analysis, By Provider
8 Blockchain Market Analysis, By Application
9 Blockchain Market Analysis, By Organization Size
10 Blockchain Market Analysis, By Industry Vertical
11 Geographic Analysis
12 Competitive Landscape
13 Key Innovator Profiles
For more information about this report visit http://www.researchandmarkets.com/research/gshb6w/blockchain_market