Global Blockchain Technology Market 2014-2022: Market is Expected to Grow at a CAGR of 42.8% (2017-2022) - ResearchAndMarkets.com

DUBLIN--()--The "Global Blockchain Technology Market (2014-2022)" report has been added to ResearchAndMarkets.com's offering.

The global Blockchain market is expected to grow at a CAGR of 42.8% (2017-2022), resulting in a global revenue of USD 13.96 billion by 2022.

Blockchain technology is being used increasingly in the Banking Financial Services and Insurance (BFSI) segment for financial transactions and cross-border payments. In the banking and financial sector, it is utilized to secure payments, maintain customer identities, settle cross-border payments, etc.

Blockchain technology is also employed in the healthcare sector, supply chain management, energy, media, informatics, etc. BFS,I however, holds the largest share while Blockchain in retail industry under supply chain management is the fastest growing sector.

The Blockchain Technology market is further classified into three main types based on its users' accessibilities - Public Blockchain Technology, Private Blockchain Technology and Mixed Blockchain Technology. Public Blockchain technology rules the roost.

The US dominates in Blockchain patents application. About half of the total Blockchain patents applied are primarily for financial applications.

Key growth factors

  • Financial Technology (FinTech) companies are planning to invest a part of their total investment in the distributed ledge technology, i.e., Blockchain. The decentralized nature of the technology attracts the banking sector to adopt it.
  • The Blockchain technology market is expected to exhibit swift growth owing to less time consumption and its transparent nature that also requires less transaction costs.

Threats and key players

  • Even though the Blockchain market is expected to grow globally, there still a lack of awareness, regulation problems and clashes of ideology that hinders its adoption.

Key Topics Covered:

Chapter 1: Executive Summary

Chapter 2: Introduction

Chapter 3: Blockchain Technology Market Overview

Chapter 4: Regional Overview

Chapter 5: Segmentation Overview By Industry

Chapter 6: Segmentation Overview By Type

Chapter 7: Patent Analysis

Chapter 8: Company Profiles

  • Microsoft Corporation
  • IBM
  • Accenture
  • Deloitte
  • Capgemini
  • Cognizant
  • Infosys
  • Tata Communication Services
  • VirtusaPolaris
  • Wipro

Chapter 9: Start-up Company Overview

  • Chain
  • Consensys
  • R3 CEV
  • Ripple
  • Guardtime
  • Gem
  • Everledger
  • Ascribe

For more information about this report visit https://www.researchandmarkets.com/research/czdztd/global_blockchain?w=4

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Bitcoin