Blockchain Market – Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028. Segmented By Type (Public, Hybrid, Private), By Provider (Infrastructure & Protocols Provider, Application & Solution Provider, Middleware Provider), By Organization Size (Small & Medium Enterprises, Large Enterprises), By Vertical (Healthcare & Life Sciences, Retail & Ecommerce, BFSI, Government & Public
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationBlockchain Market – Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028. Segmented By Type (Public, Hybrid, Private), By Provider (Infrastructure & Protocols Provider, Application & Solution Provider, Middleware Provider), By Organization Size (Small & Medium Enterprises, Large Enterprises), By Vertical (Healthcare & Life Sciences, Retail & Ecommerce, BFSI, Government & Public
Global Blockchain Market
The Blockchain is a technological database that is connected through cryptography and is a collection of data and records. Data such as the date, time, payment participants, and other details are stored in the block, which is referred to as a digital bit of information. Each block is given a distinctive code known as a hash. The block is prepared to be added to the blockchain if a code hash has been assigned to it. A wide range of industries, including agriculture, healthcare, retail, and others, can benefit greatly from blockchain technology.
Increasing government initiatives to boost demand for blockchain platforms and services
Numerous businesses have adopted blockchain technology, and the number of use cases for it is expanding daily. Governments and businesses alike are using technology for routine business processes for a number of reasons, including reduced middlemen and faster transaction processing times. The latest technology offers openness and security.
There are around 82.22 million blockchain wallet users worldwide, per data from 2022.
Download Free Sample ReportDemand for cryptographic ledger solutions will increase due to increasing identity and data theft activities.
BFSI businesses are implementing digital ledger technology to protect end-user identification and financial information. The BFSI sector is seeing increased adoption of technology applications such as cross-border transactions, clearing and settlements, trade finance platforms, digital identity verification, and credit reporting.
BaaS provides new market opportunities for major market players
Through the development of a cutting-edge approach for businesses to allow work-from-home access, the pandemic has created an opportunity for cloud-based services. The need for cloud-based tools to create virtual work environments has increased. As a result, software is increasingly in demand across industries to maintain employment. The problems that SMEs (small and medium-sized enterprises) have are perfectly solved by BaaS. The need for BaaS products is rising as SMEs using cloud-based solutions install distributed ledger-based services to protect digital entities and authenticate human identities.
Growing demand for e-identity has driven the expansion of Blockchain technology
The development of Blockchain technology has been fueled by the rising need for e-identity. The systems built on blockchain technology have a variety of application.
Market Segmentation
The Blockchain market is segmented based on type, provider, organization size, and vertical. Based on type, the market is segmented into
Market Player
Recent Development
- Amazon Web Services(AWS) declared in March 2021 that Ethereum, a well-known decentralisedblockchain technology that created a peer-to-peer network allowing participantsto transact without the need for a reliable central authority, would be freelyaccessible on Amazon Managed Blockchain. One of the most well-known use casesis decentralised finance, a network of financial apps built on blockchainnetworks.
- Enterprise distributed ledger technology (DLT) fromOracle Corporation was made available in April 2021 for use in the healthcare,financial services, supply chain, and other industries. The organisation hasput in place a variety of measures to prevent COVID-19, including as reliabledata collecting and anchoring, tamper-proof test result submission, andvalidated health credentials.
- Accenture andDigital Ventures, the fintech division of Siam Commercial Bank, created thefirst fully integrated procure-to-pay blockchain solution in October 2020 tospeed up loan acquisition for Thai businesses.
- In September 2020,Huawei introduced Blockchain Service 2.0, a cloud service based on blockchain.(BCS 2.0). The updated platform satisfies 50,000 Transactions Per Second (TPS)performance requirements, which is a lot more than Bitcoin and Ethereum canmanage. Also, BCS 2.0 extension will have a capacity of more than 1,000 nodes,meeting the demands of large-scale and commercial blockchain networks.
- The IBM BlockchainPlatform 2.5, built on Hyperledger Fabric 2.5, will enable developers to transitionto cutting-edge multi-party systems in May 2020.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2024-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | By Type By Provider By Organization Size By Vertical By Region |
| Regional scope | North America; Asia-Pacific; Europe; South America; Middle East |
| Country scope | United States, Canada, Mexico, China, Indian, Japan, South Korea, Australia, Singapore, Malaysia, Germany, United Kingdom, France, Russia, Spain, Belgium, Italy, Brazil, Colombia, Argentina, Peru, Chile, Saudi Arabia, South Africa, UAE, Israel, Turkey |
| Key companies profiled | Accenture Plc, Alibaba Group Holding Ltd, Amazon.com Inc, International Business Machines Corp, Infosys Ltd, Microsoft Corp, Oracle Corp, Salesforce Inc, Tencent Holdings Ltd, Wipro Ltd |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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