Global Blockchain Market 2015-2018 & 2018-2025 - Opportunities in Cost Reduction, Blockchain in International Trade & Smart Contract and Digital Identity
DUBLIN, Dec. 12, 2018 /PRNewswire/ --
The "Blockchain Market By Industry Vertical (BFSI, Government, Healthcare, Retail & E-Commerce, Transportation & Logistics) Application (Payments, Exchanges, Smart Contracts, Documentation, Digital Identity) And Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
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The global blockchain market is expected to grow at a CAGR of 74.1% from 2018 to reach $28,248.7 million by 2023
Following an extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, opportunities, and challenges. Increasing Adoption of BaaS, increasing merchants accepting cryptocurrency, and growing interest in blockchain among financial institutions are the key factors driving the growth of the global blockchain market. However, regulatory uncertainty and limited scalability is hindering the growth of this market.
The payments segment accounted for the largest share of the global blockchain market in 2017. This segment is expected to grow at a CAGR of 72.2% during the forecast period. The rising need to transfer funds directly and securely to anyone and growing demand to reduce cost of transactions is driving the growth of this market segment.
On the basis of vertical, Banking, Financial Services and Insurance (BFSI) accounted for largest share of the global blockchain market. The rising need to simplify financial transactions, increasing demand to counteract fraud, and growing interest of companies to adopt blockchain are the major factors contributing in market growth.
An in-depth analysis of the geographical scenario of the industry provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa). North America is a home to various global technology companies, which makes it a dominating market throughout the world. In addition, there is greater adoption of blockchain banks, financial institutes, transport & logistics, and healthcare industries in this region.
The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 3 years (2015-2018).
Key Topics Covered:
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency and Limitations
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation
3. Executive Summary
4. Industry Overview
4.1. Types of Blockchain
4.1.1. Public Blockchain
4.1.2. Private Blockchain
4.1.3. Permissioned Blockchain / Federated Blockchains
4.2. Recent Investments in Blockchain Technologies
5. Market Overview
5.1. Introduction
5.2. Market Drivers
5.2.1. Increasing Adoption Of BaaS
5.2.2. Increasing Merchants Accepting Cryptocurrency
5.2.3. Growing Interest in Blockchain among Financial Institutions
5.3. Restraints
5.3.1. Regulatory Uncertainty
5.4. Opportunities
5.4.1. Cost Reduction
5.4.2. Blockchain in International Trade
5.4.3. Smart Contract and Digital Identity
5.5. Challenges
5.5.1. Limited Scalability
5.5.2. Security, Privacy, and Lack of Awareness
6. Global Blockchain Market Size, by Application
6.1. Introduction
6.2. Payments
6.3. Smart Contracts
6.4. Documentation
6.5. Exchanges
6.6. Digital Identity Management
6.7. Supply Chain Management
6.8. Governance, Risk, and Compliance Management
6.9. Other Applications
7. Global Blockchain Market Size, by Vertical
7.1. Introduction
7.2. Banking, Financial Services & Insurance (BFSI)
7.3. Government Organizations
7.4. Healthcare & Life Sciences Industry
7.5. Retail and E-Commerce Industry
7.6. Transportation and Logistics Industry
7.7. Media and Entertainment Industry
7.8. Travel & Hospitality Industry
7.9. Real Estate Industry
7.10. IT and Telecommunications Industry
7.11. Other Industry Verticals
8. Global Blockchain Market Size, by Geography
8.1. Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.3. Europe
8.3.1. U.K.
8.3.2. Germany
8.3.3. Rest of Europe (RoE)
8.4. Asia Pacific (APAC)
8.4.1. China
8.4.2. Australia & New Zealand
8.4.3. Rest of Asia-Pacific
8.5. Latin America
8.5.1. Mexico
8.5.2. Brazil
8.5.3. Rest of Latin America
8.6. Middle East & Africa (MEA)
9. Competitive Outlook
9.1. Competitor Benchmarking
9.2. Market Share Analysis, by Key Players
10. Company Profiles (Business Overview, Financials, Solutions Offered, Recent Strategic Developments)
10.1. Amazon
10.2. IBM
10.3. Microsoft
10.4. Ripple
10.5. Chain, Inc.
10.6. Earthport
10.7. Coinbase
10.8. Bitfury Group
10.9. BTL Group
10.10. Digital Asset Holdings
10.11. Others
For more information about this report visit https://www.researchandmarkets.com/research/j6zhkq/global_blockchain?w=5
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