blockchain technology market Insights, Growth, Demands, Trends and Forecast to 2027
Blockchain Technology market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Blockchain Technology market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Blockchain Technology market.
The growth of this market can be attributed to the rising adoption of blockchain technology in supply chain management. Blockchain technology help in the flow of information through multiple nodes, and it also helps in back-tracking the origin of the products. Blockchain technology can efficiently handle the tracking of raw materials and enhance the transparency of the supply system. The increased transparency of the supply chain provides more visibility to both consumers and businesses and reduces fraud for high-value goods such as pharmaceutical drugs and diamonds.
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Some Key Highlights in the Report:
- In November 2019, Coke One North America (CONA) acquired the blockchain technology of SAP. The acquisition was performed to streamline the supply chain processes between the 70 franchised bottling companies, and it also increased the efficiency and transparency of the CONA’s complex production line.
- The private segment held the largest market share of 46.6% in 2019, as it is more centralized in nature than the public blockchain. Moreover, private blockchains can process faster transactions and are also far more scalable.
- Small & Medium enterprises are forecasted to grow with the fastest CAGR of 68.0% over the forecast period as more startups are adopting blockchain technology.
- The Infrastructure segment held the largest market share of the blockchain technology in 2019 due to the increasing demand for blockchain protocol such as Openchain, Ethereum, BigChainDB, and Hyperledger.
Regional Overview:
The global Blockchain Technology market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Blockchain Technology market in the major regions with regard to market share, market size, revenue contribution, sales network, distribution channel, and other key elements.
Leading companies profiled in the report:
AWS, INTEL, IBM, MICROSOFT, HUAWEI, SAP, ORACLE, DIGITAL ASSET HOLDINGS, BLOCKCYPHER, and GUARDTIME, among others.
Blockchain Technology Market segmentation
Emergen Research has segmented the global Blockchain Technology Market on the basis of Type, Enterprise size, Provider, Application, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Private
- Public
- Hybrid
Enterprise size Outlook (Revenue, USD Billion; 2017-2027)
- Small & Medium Enterprises
- Large Enterprises
Provider Outlook (Revenue, USD Billion; 2017-2027)
- Application
- Middleware
- Infrastructure
Application Outlook (Revenue, USD Billion; 2017-2027)
- Banking and Financial services
- Healthcare and Life sciences
- Transportation and Logistics
- Government
- Retail and eCommerce
- Others
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Key point summary of the report:
- The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
- It provides details about the current scenarios, and historical data, giving an accurate market forecast for the coming years.
- The study categorizes the market on the basis of product types, applications, end-users, market value and volume, business verticals, and 5 major regions.
- It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
- Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
- The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
- The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
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