Global Blockchain Technology Market overview:

Blockchain Technology Market valued approximately USD 350 million in 2016 is anticipated to reach up to USD 10.5 billion growing with a lucrative growth rate of more than 50% over the forecast period 2017-2025. The market growth is attributed to increasing penetration of cryptocurrency and ICO, growing adoption of blockchain-as-a-service, block chain to enable faster transactions, Moreover, rising adoption of the Blockchain Technology for Payments, Smart Contracts, and Digital Identities are creating significant opportunity for global blockchain technology market.

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Blockchain Technology Market is segmented on the basis of Providers, Application and Regions. On the basis of Providers segment global blockchain technology market is segmented into application and solution provider, middleware provider, infrastructure and protocols provider. Currently the market is dominated by application and solution provider segment, which is also anticipated to grow at the highest CAGR over the forecast period. Application and solution provider are offering secured and more efficient transaction and hence adding significant value to the business.

Based on Application segment, the Smart contracts, one of the most vital applications in the market, is estimated to hold the largest market size in 2018. Smart contracts deployed over the blockchain network guarantees that the contract terms and conditions cannot be modified. The blockchain technology makes it impossible for third parties to hack or tamper the data in contracts. Organizations across industry verticals, therefore, are deploying blockchain-based smart contracts to reduce the costs of verification, execution, arbitration, and fraud prevention.

Regionally, North America is a home for most of the industries with a large operation base, and has witnessed a prominent implementation of smart contracts, documentation and payment applications in most of its industries particularly in BFSI, retail and eCommerce, and healthcare and life sciences. The region is expected to be the early and largest adopter of blockchain solutions, due to increasing funding on the development of distributed ledger technologies to provide customers with transparency and faster transactions. An increasing adoption rate in various industries including transportation and logistics, retail and eCommerce, media and entertainment, real estate and IT and telecommunication is expected to drive the market.

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Major Key Players:

1 BTL Group Ltd.,

2 Chain Inc.

3 Circle Internet Financial Limited.

4 Deloitte Touch Tohmastu Limited.

5 Digital Asset Holding, LLC.

6 Global Arena Holding, Inc.

7 IBM Corporation

8 Linux Foundation

9 Microsoft Corporation

Market segment by Regions/Countries, this report covers:

1 North America Country (United States, Canada)

2 Latin America (Brazil Mexico)

3 Asia Pacific (China, Japan, India)

4 Europe Country (Germany, UK)

5 Rest of the World

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Table of Contents:

Global Blockchain Technology Market Report 2018

Chapter 1. Blockchain Technology Market Definition and Scope

Chapter 2. Research Methodology

Chapter 3. Executive Summary

Chapter 4. Blockchain Technology Market Dynamics

Chapter 5. Blockchain Technology Market, By Providers

Chapter 6. Blockchain Technology Market, By Application

Chapter 7. Blockchain Technology Market, by Region

Chapter 8. Competitive Intelligence

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