The global Blockchain DLT market size is estimated to be USD 32.76 Billion by 2025 growing at a double digit CAGR during the forecast period 2018 to 2025. The increasing awareness about the advantages of Blockchain DLT such as decentralization, higher security, and almost equal to zero fraud probability is positively impacting the adoption of the Blockchain DLT. Blockchain also opens up a lot of new business opportunities for firms operating in predictive data analytics. As real time data is stored and available using Blockchain which can be used by data analysts and data scientists to predict the future trends.
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Among Blockchain DLT types segment, the private Blockchain type is expected to grow at the fastest CAGR during the forecast period achieving a market size of USD 11.79 billion in 2025. The private Blockchain adoption is expected to increase with increasing adoption of Blockchain DLT by the private firms.
Some of the leading players operating in the market include IBM, Microsoft, Intel Corporation, Deloitte, ConSensys, Electron, Blockcypher, CoinFabrik and Chain. Companies are forming collaborations with governments and within themselves to develop and offer Blockchain solutions globally.
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Key segments of the global Blockchain DLT market
Global Blockchain DLT Market, by Type
Public Blockchain
Private Blockchain
Federated/Consortium Blockchain
Global Blockchain DLT Market, by Industry
BFSI
Banking
Financial Services
Insurance
Government
Healthcare
Media & Entertainment
Automotive
Retail & E-commerce
Others – (manufacturing, energy & utilities, professional services, technology services)
Global Blockchain DLT Market, by Application
Financial transactions
Smart Property
Smart Contracts
Blockchain Identity
Supply chain Management
Digital voting
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