The study classified into four major activities to analysis the present market size for the block chain market. And the reason of exhaustive secondary research is to collect information on market, peer market and parent market.
The another step which include is to confirm the findings. Sizing, assumptions with industry experts across value chain through primary research. The three segments like top, bottom and down approaches were employed to estimate the complete market size. It states that, each unit of value is transmitted only once, thus resolving the long-standing problem of double capital expenditure. Global blockchain market was valued, in 2021 USD XX million and in 2027 is expected to reach at USD XX million with growing CAGR of XX%.
The reason for the growth of block chain market are growing demand for distributed ledger technology and reducing total cost of ownership. Growing demand for increasing crypto currencies market cap, simplified business processes , initial coin offerings and creating immutability and transparency are also some of the factors also driving growth of this market
However, high adoption of blockchain for payments, smart contracts, the transformation of international trade and supply chain management, digital identities are anticipated to boost the growth of blockchain market in upcoming years. In addition, adoption of block chain technology, increasing importance for communication service providers, and a new breed of programmable block chain platforms would be create beneficial market opportunities.
The global block chain market is segmented into organization size, application, provider, industry vertical and geography. The application segment for the block chain market is sub-segmented into exchanges, smart contracts, digital identity, documentation, governance, supply chain management, payments, risk and compliance management and others. On the basics of provider the market is divided into application and solution provider, Middleware provider and Infrastructure and protocol provider. Based on organization size the market is classified into large enterprises and small and medium-sized enterprises (SMEs) .More over on the basics of industry vertical ,the market is bifurcated as financial services, banking , government, insurance (BFSI), public sector, media and entertainment, retail and e-commerce , travel and hospitality, real estate, transportation and logistics, healthcare and life sciences ,and others.
Some of the key players offering block chain solutions include Inc, Chain, BTL Group Ltd, Earthport PLC , Factom, Coin base, International Business Machines Corporation, Abra, Bit fury Group Limited, Bit fury Group Limited. and Amazon Web Services
Blockchain Market Key Segments:
On the Basis of Application:
• Risk and Compliance Management
• Supply Chain Management
• Smart Contracts
• Digital Identity
On the Basis of provider:
• Middleware provider
• Infrastructure and protocol provider
• Application and solution provider
On the Basis of region:
• Rest of Europe
• North America
• Latin America
• Rest of Latin America
• Rest of Asia-Pacific