DUBLIN--(BUSINESS WIRE)--The "Blockchain Market by Provider, Application (Payments, Exchanges, Smart Contracts, Documentation, Digital Identity, Supply Chain Management, and GRC Management), Organization Size, Industry Vertical, and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.
"Increasing adoption of Blockchain-as-a-Service, rising cryptocurrency market cap and ICO, simplifying business processes, and creating transparency and immutability are expected to propel the growth of the blockchain market"
The global blockchain market size is expected to grow from USD 411.5 million in 2017 to USD 7,683.7 million by 2022, at a Compound Annual Growth Rate (CAGR) of 79.6%.
The demand for distributed ledger technology, reduced total cost of ownership, rising cryptocurrencies market cap and initial coin offerings, increasing demand for simplified business processes, transparency and immutability, faster transactions, and Blockchain-as-a-Service are said to fuel the growth of this market.
In addition, rising importance and adoption of blockchain for communication service providers, transformation of international trade and supply chain management, new breed for programmable blockchain platforms, and high adoption of blockchain for payments, smart contracts, and digital identities would create opportunities for the growth of this market. However, uncertain regulatory status and a common set of standards might hinder the overall growth of the market.
Blockchain solution providers in the APAC region, design and develop user-friendly, cost-effective, and faster processing cryptocurrency platforms to enhance the application reach of blockchain in multiple industry verticals. Large enterprises and SMEs have been adopting venture funding strategies and are investing in R&D activities in an effort to provide technologically advanced blockchain solutions. In addition, the rapid transformation of the potential countries from semi-transparent to transparent real estate sector has propelled the market growth of blockchain in the APAC region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Blockchain Market Overview and Industry Trends
6 Blockchain Market, By Provider
7 Blockchain Market, By Application
8 Blockchain Market, By Organization Size
9 Blockchain Market, By Industry Vertical
10 Blockchain Market, By Region
11 Competitive Landscape
12 Company Profiles
- BTL Group
- Chain, Inc.
- Digital Asset Holdings
For more information about this report visit https://www.researchandmarkets.com/research/t4jqd3/global_blockchain?w=4