Progressive Markets added a report, Blockchain Distributed Ledger Market - Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025, which says that the global blockchain distributed ledger market is likely to grow at a CAGR of 55.69% from 2018 to 2025.
Digital technology is shaping our world today. It is influencing nearly every aspect of our lives including shopping, education, entertainment, business, and communication. The technology has further developed to revolutionize the way of conducting financial transactions. Online payment methods have become hugely popular in todays age. Simultaneously, cryptocurrency or digital money is gaining popularity. Distributed ledgers support the payment method for digital currency to run in a decentralized mode. This removes the need for intermediaries such as banks or middleman. Distributed ledger technology also supports financial transactions tracking. It fosters an environment for secure sharing of data in real-time. One of the types of distributed ledger system is blockchain. Comprising of blocks of digitally recorded data to create a distributed ledger, it offers greater security to the process.
Market Drivers and Restraints:
The report identifies the drivers and restraints impacting the blockchain distributed ledger market. The market is seeing a moderate growth in the recent years due to factors such as fewer transaction costs due to the elimination of intermediaries and enhanced security levels for carrying out transactions. Furthermore, an insignificant effect of inflation on blockchain distributed ledger is expected to provide opportunities for growth of the market. On the other hand, limited acceptance and risk of unknown technical flaws are likely to impede the growth of the market.
Blockchain Distributed Ledger Market Key Segmentation:
The report divides the global blockchain distributed ledger market into three main segments - type, end use, and geography. Based on the type, the market is divided into private blockchain and public blockchain. Based on end use, the market is categorized into government, BFSI, automotive, retail & e-commerce, media & entertainment, and others. Geographically, the report provides the market analysis covering the regions such as North America, Europe, Asia-Pacific, and LAMEA. In North America, the market analysis study covers the U.S., Canada, and Mexico. In Europe, the market analysis covers Germany, UK, Russia, France, Spain, Italy, Poland, and others. In Asia-Pacific, the blockchain distributed ledger market analysis covers China, Japan, India, Australia, South Korea, and the rest of Asia-Pacific. In LAMEA, the study covers Latin America, Middle East, and Africa.
Key Market Players:
The report includes a mention of the key players that are active in the blockchain distributed ledger market. They adopt several strategies such as partnerships, launches, and more in order to stay ahead in the market and expand their presence worldwide. The key market players include Chain Inc., IBM Corporation, Accenture PLC, Eris Industries, Intel Corporation, Deloitte, Blockchain Tech Ltd., Microsoft Corporation, Digital Asset Holdings, and Earthport.
Key Benefits of the Report:
The blockchain distributed ledger market report offers an in-depth analysis of the industry with the help of blockchain distributed ledger market size, blockchain distributed ledger market share, blockchain distributed ledger market outlook, blockchain distributed ledger market forecast, blockchain distributed ledger market trends, market dynamics, Porters analysis, blockchain distributed ledger industry statistics, and major competitors. The study provides the market size to assist to understand the current and future potential of the market. The market dynamics is explained by offering details on aspects such as the drivers, restraints, and opportunities. The blockchain distributed ledger industry statistics help determine the market share and potential. The market share analysis determines the level of competition within the market. An analysis of the various aspects of the key industry players such as their financial strategies, recent developments, and an overview of their products and services are offered in the study. The current trends and estimations help identify the profitable investment pockets. The Porters analysis helps determine the level of competition in the market.