Rapid digitalization has a prominent role in accelerating the market growth of blockchain technology. The deployment of blockchain technology is gaining tremendous popularity among various industries with the developing technology. With blockchain technology, an organization can curb workforce requirements, leading to fewer human errors, thus acting as a safe and time-efficient tool.The limited availability of technical experts to implement blockchain technology is a factor expected to limit the blockchain market growth. The Blockchain Market is expected to grow at the rate of 64.3% CAGR by 2026. Blockchain is a technology evolving in a distributed database, which holds all the transactional records and digital events implemented while ensuring security and sharing among contributing parties. Each transaction over the public ledger is received by an agreement among most of the organization's shareholders. It consists of a demonstrable and specific record of each transaction ever implemented.

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Blockchain Market by Providers
Infrastructure Providers
Middleware Providers
Application Providers
Blockchain Market by Application
Smart Contract
Payment & Wallet
Digital Identity
Documentation
Exchange
Compliance & Risk Management
Blockchain Market by End User
BFSI (Banking and Financial Services Insurance)
Government
Healthcare
IT Services
Media & Entertainment
Transportation & Logistics
Blockchain Market by Geography
North America
Europe
Asia Pacific
Rest of the World
In the blockchain market by provider, the market is furcated into infrastructure providers, middleware providers, and application providers. The infrastructure providers segment is commanding the market share. This is due to the developing organizations their private blockchain networks. The key infrastructure providers develop crucial software building blocks, which are very important for the adopted network.

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