Global Blockchain Market: Market Segmentation: By Type (Public, Private and Hybrid); By End User (Financial Services, Government, Healthcare, Retail and Others); By Organization Size (Small & Medium Enterprise and Large Enterprise) and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Blockchain is a record-keeping technology that stores digital information in a public database. Blocks on the blockchain store digital information related to transactions, participants of the transactions, and unique codes referred to as “hash” that makes it convenient to distinguish one from the other based on the relevant information.
Global Blockchain market is expected to project a notable CAGR of XX.X% in 2030.
Global Blockchain market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. Global Blockchain market is expected to observe a growth in the future owing to its diversified application in different sectors and emerging awareness amongst industries.
Global Blockchain Market: Segments
Public segment to grow with the highest CAGR of XX.X% during 2019-30
Global blockchain market is segmented by product type into public, private and hybrid. Segment held the largest market share of XX.X% in the year 2018 and is anticipated to dominate the global market throughout the forecast period. Public blockchain provides transparency in transactions on the digital database which can be independently accessed by all the participants as a result it generates trust by numbers. On the other hand. Private blockchain has a control on who can participate in the process of transactions and join the network.
Global blockchain market: Market Dynamics
Deployment of blockchain technology in Industries
Blockchain technology has simplified the data management process of the industries by providing a platform to easily manage and record data related to transactions eliminating the risks of human errors and data tampering.
Blockchain technology is complex to use which is a key factor restraining the growth of the global blockchain market. In addition to this, security flaws, lack of awareness among people, cost of a block, and human errors are some major factors hindering the growth of the global blockchain market.
Global Blockchain Market: Regions
Global Blockchain market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Global blockchain market in North America held the largest market share of XX.X% in the year 2018. Factors such as rising growth of IT sector, huge investments in Research & Development activities and high adoption of blockchain technology across industries are contributing towards the higher market growth of this region. High growth is projected in Europe due to the dominance of manufacturing industries. Asia-Pacific region is expected to witness a moderate growth due to the investments done by the financial technology (FinTech) firms in the region.
Global Blockchain Market: Key Players
• IBM Corporation
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Microsoft Corporation
• Oracle Corporation
• Applied Blockchain
• Bigchain DB
• Digital Asset Holdings
• SAP (Germany)
• The Linux Foundation, Chain Inc.
• Other Prominent Players
Global Blockchain market report also contains analysis on:
• Blockchain Market Segments:
o Product Type
o By End User
o By Organization Size
Small & Medium Enterprise
• Blockchain Market Dynamics
• Blockchain Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints