Blockchain market

Blockchain market: The blockchain creates the transparency and immutability in the
transactions which is the key driving factor of the global market
Market Overview:
The blockchain is a distributed database of a public ledger of transactions that maintains
a continuously growing list of records named as blocks. The each block contains a
timestamp that is linked to the previous block. The blockchain technology is based on
the distributed computing system with high byzantine fault tole rance. The blockchain is
a significant and innovative technology as it stands as the proof of all the transactions
on the network. The blockchain creates the chain of the all blocks stored in the system.
The blockchain market was valued at USD 1.2 billion in 2018 and is estimated to raise by
USD 23.3 billion by 2023 with a CAGR of 80.25%.
Market drivers and restraints:
The blockchain creates the transparency and immutability in the transactions that is the
major driving factor of the global blockchain market. The adoption of the technology
based applications such as payments, exchanges, documentation a nd digital identities
also fuel the demand and drives the global blockchain market.
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Report segmented as:
By application providers:
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Application providers
Middleware providers
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Infrastructure providers
By application:
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Payments
Exchanges
Smart contracts
Documentation
Digital identity
Supply chain management
Governance
Risk
Compliance management
By end use:
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BSFI
Government
Healthcare
Life sciences
Media and entertainment
Retail and e-commerce
Travel and hospitality
Transportation
Real estate
Utilities
Geographical analysis:
The global blockchain market is segregated into the seven key regions: North America,
Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ),
Japan and Middle East and Africa (MEA). The North America is leading the global
blockchain and contributed the high shares in terms of revenue to the global blockchain
technology as the high acceptance of blockchain owing to its transparency and
immutability.
Important market players:
The key players operating in the blockchain market are IBM, AWS, Microsoft, SAP, Intel, Oracle,
Bitfury, Cegeka, Earthpot, Guardtime, Digital Asset Holdings, Huawei, BlockCypher, Symbiont,
BigchainDB, Applied Blockchain, RecordsKeeper, Blockpoint, Auxesis Group, BTL Group,
Blockchain Foundry, AlphaPoint, and Factom.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation
of the market. It helps us understand the market better through size anticipation and CAGR
calculation to estimate the next market. It has a broader segmentation for better
understanding of the enterprising of the market at a low level by segregating the market into
smaller sectors.
About Us:
Market Data Forecast is a firm working in the areas of market research, business intelligence
and consulting. We have rich experience in research and consulting for various business
domains to cater to the needs of both individual and corporate clients.
For more information:
Abhishek Shukla
Sales Manager at Market Data Forecast
Email: abhishek@marketdataforecast.com
Tel: +1-888-702-9626
Website: https://www.marketdataforecast.com/

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