Global Blockchain Market is Set to Reach USD 42.0 billion by 2024, Observing a CAGR of 80.0% during 2019–2024: VynZ Research

/GLOBE NEWSWIRE/ — The global Blockchain market is expected to grow at a CAGR of 80.0% during the forecast period with its market size predicted to reach USD 42.0 billion by 2024. Globally, blockchain industry players are leveraging market growth through the formulation of several policies and reforms by a government organization in various developed as well as developing economies along with entering into several partnership agreements. The key players in blockchain market are launching new link for various supply chain experts. Furthermore, there are several software development enterprises that are embracing the technique at an extensive rate as it helps them in fighting against fraudulent activities.

Get a free copy of sample report: https://www.vynzresearch.com/ict-media/blockchain-market/request-sample

Small and medium enterprises category is expected to witness faster growth during the forecast period in the Blockchain market

On the basis of organization size, the global blockchain market is divided into large enterprises and small and medium enterprises. Among the two categories, the small and medium enterprises category is expected to witness faster growth during the forecast period. The growth of this segment is attributed towards increasing utilization of these techniques that helps in eliminating wastage of resources and cost, thereby enhancing efficiency and effectiveness in their business operations.

On the basis of vertical, the global blockchain market is divided into government, retail and e-commerce, transportation and logistics, BFSI, media and entertainment, IT and telecommunication, healthcare and life sciences, real estate, travel and hospitality, and others. Of all, the BFSI sector is expected to witness the fastest growth during the forecast period owing to the increase in shifting the trend of business organizations from central infrastructure administration to distributed situation.

Furthermore, BFSI segment is observing the increasing significance of distributed ledger technique that provides secure access to their users. Moreover, distributed ledgers are extensively being utilized by financial authorities to reorganize their internal procedures and reduce operational cost. This domain is further strengthening the growth of blockchain market across the globe.

Explore key industry insights in  69 tables and  40 figures from the 151 pages of report, “Global Blockchain Market Analysis and Forecast to 2024 – Industry Insights by Provider (Middleware Provider, Application & Solution Provider, and Infrastructure & Protocols Provider), by Application (Smart Contracts, Payments, Documentation, Supply Chain Management, Exchanges, Governance, Risk, and Compliance Management, Digital Identity, and Others), by Organization Size (Large Enterprises, and Small & Medium Enterprises), by Vertical (Government, Retail & E-Commerce, Transportation & Logistics, BFSI, Media & Entertainment, IT & Telecommunication, Healthcare & Life Sciences, Real Estate, Travel & Hospitality, and Others)”

Geography Insight

Geographically, North America has accounted for the largest share in blockchain market, globally and is predicted to grow significantly during the forecast period. The growth of this market is attributed towards the existence of a large number of organizations having a huge base of operation, adoption of payment and documentation uses in several industries along with widespread execution of smart contracts. Moreover, Asia-Pacific is expected to witness the fastest growth during the forecast period due to huge investment undertaken towards the development of blockchain market that helps in reducing excessive labor cost.

Competitive Insight

Some of the key players operating in the global blockchain market are IBM Corporation, Ripple, Amazon Web Services, Inc., Microsoft Corporation, Abra, Chain Inc., BigchainDB Gmbh, Ethereum Foundation, Earthport PLC, Factom, BTL Group Ltd., Humaniq, Tierion, BlockCypher Inc., AlphaPoint, and Bitfury Group Limited.

Do you have any specific research requirement? Ask for customization: https://www.vynzresearch.com/ict-media/blockchain-market/customize-report

Key Takeaway from the Report:

  • Among all the providers, infrastructure & protocols provider category is expected to witness the fastest growth during the forecast period.
  • Of all the application, payment contributes the largest revenue globally.
  • The small and medium enterprises category is expected to witness faster growth during the forecast period.
  • Of all vertical, the BFSI sector is expected to witness the fastest growth during the forecast period owing to the increase in shifting the trend of business organizations from central infrastructure administration to distributed situation.

The Report Offers:

  • Historical market estimate for the years 2014–2018 and forecast for the years 2019–2024
  • Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
  • Market insights by in-depth segmentation with industry dynamics.
  • Competitive analysis and benchmarking of the industry leaders and their product offerings
  • Profiles of leading players and innovators, their financial overview and product portfolio
  • Analysis of key industry trends and recent developments
  • Value chain analysis and distribution channel analysis with opportunity assessment
  • Market share analysis of major players

Benefits of Report Purchase from VynZ:

Detailed Research

We provide accurate data and in-depth analysis with all-inclusive coverage.

Robust Research Methodology

Robust research methodology and data triangulation to ensure high quality report.

Analyst Support

24*7 analyst support – Pre and post purchase of the report as well as during the project tenure.

Sales Support

24*7 sales support – Hassle free delivery of the report and quick response and support by sales team.

Free Customization

20% post purchase free customization to meet your requirements.

Customer Satisfaction

We claim full customer satisfaction as our core values lie in building long term relationship.

Security

High level of data security and confidentiality of your information.

The report provides the market value for the base year 2018 and a yearly forecast till 2024 in terms of revenue (USD Million). The report segments the global blockchain market on the basis of provider, application, enterprise size, vertical, and region.

Global Blockchain Market Coverage

Provider Insight and Forecast 2014-2024

  • Middleware Provider
  • Application & Solution Provider
  • Infrastructure & Protocols Provider

Application Insight and Forecast 2014-2024

  • Smart Contracts
  • Payments
  • Documentation
  • Supply Chain Management
  • Exchanges
  • Governance, Risk, and Compliance Management
  • Digital Identity
  • Others

Enterprise Size Insight and Forecast 2014-2024

  • Large Enterprises
  • Small & Medium Enterprises

Vertical Insight and Forecast 2014-2024

  • Government
  • Retail & E-Commerce
  • Transportation & Logistics
  • BFSI
  • Media & Entertainment
  • IT & Telecommunication
  • Healthcare & Life Sciences
  • Real Estate
  • Travel & Hospitality
  • Others

Geographical Segmentation

Blockchain Market by Region

North America

  • By Provider
  • By Application
  • By Enterprise Size
  • By Vertical
  • By Country – U.S., Canada, and Mexico

Europe

  • By Provider
  • By Application
  • By Enterprise Size
  • By Vertical
  • By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe

Asia-Pacific (APAC)

  • By Provider
  • By Application
  • By Enterprise Size
  • By Vertical
  • By Country – China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Provider
  • By Application
  • By Enterprise Size
  • By Vertical
  • By Country – Brazil, Saudi Arabia, South Africa, and Other Countries

More from VynZ Research

Global Enterprise Asset Management (EAM) Market Analysis and Forecast to 2024

The global enterprise asset management (EAM) market is projected to reach USD 8.8 billion by 2024, registering a CAGR of 13.3% during the forecast period. Increasing adoption of EAM for effective utilization of assets, and reduced maintenance and procurement expenses, propelling the growth of the market.

Explore more at: https://www.vynzresearch.com/ict-media/enterprise-asset-management-eam-market

Global AI in Retail Market Analysis and Forecast to 2024

The global AI in retail market is projected to reach USD 4.4 billion by 2024, registering a CAGR of 35.5% during the forecast period. Global AI in retail market has been driven by several key factors, predominantly increasing adoption of AI solution by e-commerce companies, growing investments by retail companies in AI technology, and growing mobile internet penetration.

Explore more at: https://www.vynzresearch.com/ict-media/ai-in-retail-market

Global Artificial Intelligence (AI) in Cyber Security Market Analysis and Forecast to 2024

The global AI in cyber security market is predicted to grow at 35.0% CAGR during the forecast period with the market size reaching USD 31.2 billion by 2024. Different technologies including natural language processing, machine learning, and image processing are majorly contributing to the AI in Cyber Security market size. The market has witnessed significant demand for these technologies and services over the last few years due to increasing adoption of internet of things (IoT), vulnerability of systems connected to Wi-Fi networks, and increasing number of cyber-attacks.

Explore more at: https://www.vynzresearch.com/ict-media/artificial-intelligence-in-cyber-security-market

About VynZ Research

VynZ Research is a market research firm offering research, analytics, and consulting services on business strategies. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that include comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, and market shares and anticipated new trends & technologies arising across wide range of industries.

Contact Us:

VynZ Research

Call: +91-996-028-8381

Toll Free (U.S. and Canada): +1-888-253-3960

Email: enquiry@vynzresearch.com

Web: https://www.vynzresearch.com

Connect with Us: LinkedIn | Facebook | Twitter

 

Leave a Reply

Your email address will not be published. Required fields are marked *