According to a new market research report “Global Blockchain Technology Market Size Study Forecasts By Application, By Provider, By Organization Size By Industry Vertical and Regional Forecasts 2017-2025″, published by PlanetMarketReports.com, Global Blockchain Technology Market valued approximately USD 242.4 million in 2016 is anticipated to grow with a healthy growth rate of more than 81.2% over the forecast period 2017-2025.
The driving factor for the Smart Lock market is One of the latest trends gaining traction the advent of artificial intelligence AI. BT powered by AI is the most advanced IT development taking place in the blockchain and cryptocurrency market. AI is providing several features to manage decentralized monetary systems. AI algorithms should be used to predict the value of bitcoins, which can help bitcoin traders to handle bitcoin transactions, it will also help the customers to have easy access to a piece of comparative information and will allow many investors to get better informed before deciding about their financial plans. This, in turn, will strike growth in the global BT market during the forecast period.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
By Application
Payments
Exchanges
Smart contracts
Documentation
Digital identity
Supply chain management
Governance, risk and compliance management
By Provider
Application and solution provider
Middleware provider
Infrastructure and protocol provider
By Organization Size
Small and Medium-Sized Enterprises SMEs
Large enterprises
By Industry Vertical
Banking, Financial Services, and Insurance BFSI
Media and entertainment
Transportation and logistics
Real estate
IT and telecommunications
Travel and hospitality
Retail and eCommerce
Healthcare and life sciences
Government and public sector
Regional Analysis: The major regions where Blockchain Technology market is concentrated includes South America, Europe, Asia Pacific, North America, Middle East and Africa. The key countries include Germany, Italy, France, UK, Russia, Turkey in Europe; United States, Canada and Mexico in North America; China, Malaysia, Japan, India, Thailand, Philippines, Korea, Indonesia, Australia, Vietnam in Asia Pacific Region; Brazil in South America; GCC Countries, Argentina, UAE, Saudi Arabia, South Africa, Nigeria and Egypt in Middle East and Africa.
Furthermore, years considered for the study are as follows:
Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025
Some of the key manufacturers involved in the market are AWS, IBM, Microsoft, Ripple, Chain, Inc, arthport, Coinbase, Bit fury, BTL Group, Digital Asset Holdings, Abra, Factom, Alphapoint. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Target Audience of the Global Blockchain Technology in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers VARs
Third-party knowledge providers
Investment bankers
Investors
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Blockchain Technology Market Report Summary: In the first section, the Global Blockchain Technology Market report presents industry overview, definition, and scope. The second part briefs about the Global Blockchain Technology industry bifurcation by Type, Application and Geographical regions. The top industry players, revenue analysis, and sales margin are explained. The production and consumption scenario is specified.
The SWOT analysis by players, the growth rate for each type, application, and the region is covered. A 5-year forecast Global Blockchain Technology industry perspective will lead to profitable business plans and informed moves. Towards, the end data sources, research methodology, and findings are offered.
Geographic Analysis
- Further breakdown of the North American data-wrangling Market
- Further breakdown of the European Market
- Further breakdown of the APAC Market
- Further breakdown of the MEA Market
- Further breakdown of the Latin American Market
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