Blockchain Technology Market : Industry Analysis and Forecast (2019-2027)
Maximize Market Research's latest report, " Blockchain Technology Market Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
Global Blockchain Technology Market was valued US$ XXMn in 2019 and is expected to reach US$ XX Mn by 2027, at a CAGR of XX% during a forecast period.
Blockchain Technology Market Overview
The adoption of blockchain technology helps in creating a transparency and simplified the business processes, due to which, the market is projected to observe high growth in the forecast period. In addition to this, the rising popularity of blockchain as a service and the low cost of ownership, increasing adoption of the blockchain technology for smart contracts, payments, and digital identities are estimated to encourage the growth of the global blockchain technology market in the forecast period.
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Blockchain Technology Market Major Market Players
• IBM (US)
• SAP (Germany)
• Bitfury (US)
• Cegeka (Netherlands)
• Earthport (UK)
• Guardtime (Estonia)
• Digital Asset Holdings (US)
• Chain (US)
• BlockCypher (US)
• Symbiont (US)
• BigchainDB ( Germany)
• Applied Blockchain (UK)
• RecordsKeeper (Gibraltar)
• Blockpoint (US)
• Auxesis Group (India)
• BTL Group (Canada)
• Blockchain Foundry (Singapore)
• AlphaPoint (US)
• Factom (US)
• Microsoft(US)
• AWS(US)
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Blockchain Technology Market by Types and Applications:
Global Blockchain Technology Market, By Type
• Public
• Private
• Hybrid
Global Blockchain Technology Market, By Application
• Payments
• Exchanges
• Smart Contracts
• Documentation
• Digital Identity
• Supply Chain Management
• Governance
• Risk and Compliance Management
• Others (Digital Voting and Content Storage Management)
Global Blockchain Technology Market, By Organization size
• Large Enterprises
• SMEs
Global Blockchain Technology Market, By Service provider
• Application Providers
• Middleware Providers
• Infrastructure Providers
Global Blockchain Technology Market, By End User
• BFSI
• Government
• Healthcare and Life Sciences
• Media and Entertainment
• Retail and e-Commerce
• Travel and Hospitality
• Transportation and Logistics
• Real Estate
• Energy and Utilities
• Others (Automotive, Agriculture, Education, and Manufacturing)
Global Blockchain Technology Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
The report has covered the market size by country (regions) for the Blockchain Technology market.
Analysis of the Blockchain Technology Market Share and Competitive Landscape:
This report provides a detailed analysis of the Blockchain Technology Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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