Blockchain Technology Market – Growth Analysis, Industry Size, Market Opportunities and Future Estimations

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May 25, 2021 (Market Insight Reports) — (Delaware U.S) What are the key trends driving blockchain technology market outlook?

From the past few years, blockchain technology has spread its wings across businesses worldwide, making all economic transactions easier and more seamless. It is accelerating the digital revolution of businesses explicitly with the tokenization of physical resources, digitization of processes, automation, and codification of intricate contracts.

The technology enhances transparency, improves efficiency, and eases business processes. Moreover, it offers numerous benefits like the elimination of reconciliation, duplicative recordkeeping, and validation of transactions.

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With increasing applications across the financial sector, blockchain technology market is poised for robust growth in the coming years. A study conducted by Global Market Insights Inc. also predicts that the blockchain technology market would surpass USD 25 billion by 2026.

How could blockchain technology industry revolutionize the stock market?

Blockchain technology can efficiently be used in the stock market to directly transfer shared ownership between several participants instead of using a centralized hub for every transition. The technology proves to be a helping hand for the stock market as it reduces risk, facilitates faster exchange, and offers transparency & security.

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The stock market stakeholders like traders, brokers, and regulators, have to go through complex processes, which could take up to around three days to complete because of various intermediaries. Blockchain technology addresses this issue by streamlining mechanism through automation and decentralization. Moreover, it helps stakeholders to reduce the cost boosting the process for faster transactions.

How are blockchain technology market players disrupting supply chain operations?

Maintaining an efficient supply chain is a tedious task for businesses. To simplify operations and reduce cost, different technologies like blockchain are being adopted. Blockchain technology is extensively used in supply chain management to reduce cost of data storage and improve efficiency.

The technology offers decentralization across data storage, which reduces costs for end-users. Industry leaders are acknowledging the pain points in businesses and are embracing blockchain to pass on a better supply chain ecosystem. Taking 2018 for instance, IBM declared a joint venture with Maersk Group to deploy blockchain for improving global trade and digitizing supply chain.

What are the factors driving North America blockchain technology market trends?

On the regional front, North America is expected to offer lucrative growth opportunities to the blockchain technology market. The technology is deployed across several industry verticals for the implementation of payment & wallet solutions, documentation applications, smart contracts & digital identity detection services.

North America has witnessed heavy venture capital investments in the blockchain sector. Notably, the United States held for around 56% of the share in global blockchain investments between 2012-2017. Several Chinese cryptocurrency mining companies are considering Canada as a lucrative hub for cryptocurrency mining owing to the region’s reliable & cheap energy resources. Canada has a cold climatic which helps in maintaining a cool environment for servers, thereby safeguarding them from overheating.

What are the business strategies adopted by companies in blockchain technology market?

Industry participants are actively involved in establishing partnerships and collaborations to tap a major market share. In 2018, R3 partnered with HSBlox, a technology company that delivers new services in healthcare, to develop new blockchain initiatives for the healthcare sector based on Corda Healthcare Community.

It is vital to mention that the blockchain technology market is highly fragmented because of strong present of various business start-ups. These companies are actively engaged in raising funds from venture capitalists, prominent industry leaders, and investors to advance their R&D activities. Apart from R3, Microsoft Corporation, IBM Corporation, and SAP SE are other key market players currently at the forefront of blockchain technology market.

Table Of Content

Chapter 1. Methodology & Scope

1.1. Methodology

1.1.1. List of secondary sources

1.2. Scope

1.3. Definitions

1.4. Methodology & forecast parameters

1.5. Data Sources

1.5.1. Secondary

1.5.1.1. Paid sources

1.5.1.2. Public sources

1.5.2. Primary

Chapter 2. Executive Summary

2.1. Blockchain industry 360º synopsis, 2016 – 2025

2.1.1. Business trends

2.1.2. Regional trends

2.1.3. Providers trends

2.1.4. Application trends

2.1.5. End-Use trends

Chapter 3. Blockchain Industry Insights

3.1. Introduction

3.2. Industry segmentation

3.3. Industry landscape, 2016 – 2025

3.4. Blockchain architecture

3.5. Industry ecosystem

3.6. Blockchain evolution

3.7. Market news

3.8. Regulatory landscape

3.8.1. U.S.

3.8.2. Europe

3.8.3. Asia

3.9. Blockchain types

3.9.1. Public

3.9.2. Private

3.9.3. Consortium

3.10. Use cases

3.10.1. Supply Chain Management

3.10.2. Government

3.10.3. Radiation-hardened computing

3.10.4. Energy

3.10.5. Telemedicine

3.10.6. Internet of thing (IoT) and edge computing

3.10.7. Finance

3.11. Industry impact forces

3.11.1. Growth drivers

3.11.1.1. Growing adoption of distributed ledger among banking and financial institutes

3.11.1.2. Rising market capitalization of cryptocurrencies

3.11.1.3. Increasing venture capital investment in Blockchain and ICOs

3.11.1.4. Benefits offered by the technology

3.11.2. Industry pitfalls & challenges

3.11.2.1. Stringent government regulations

3.11.2.2. Data safety & security

3.11.2.3. Limited scalability

3.12. Growth potential analysis

3.13. Porter’s analysis

3.14. PESTEL analysis

COMTEX_387219173/2599/2021-05-25T01:58:29

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