Blockchain Technology Market Current Analysis and Estimated Forecast to 2025
Blockchain Technology Market has boosted identity management framework as it helps organizations do away with collecting and storing every identity data attribute. In the same vein, identity fraud is eliminated by the fact that blockchain withstands tampering. The sheer impact of data privacy and the immutability of blockchain have propelled the evolution of blockchain identity.
This market trends are poised to disrupt end-users, including financial services, government, healthcare, media and consumer market in the wake of increased interest and investment by stakeholders. Of late, data has unveiled itself as a bedrock of the future industrial space. Emerging technologies such as blockchain have allowed organization to drive business value throughout their supply networks.
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In the fast-paced consumer goods market, blockchain can help find ingredients, thereby satisfying consumers pertaining to corporate social responsibility (CSR). Assessing these factors, blockchain technology market size to surpass US$25 bn by 2025.
Blockchain has been highly sought-after across identity management, risk & compliance management, and supply chain management. Dramatic cost reduction and propelled efficiency are touted as catalysts in fueling the adoption of blockchain among end-users. In a bid to digitize the supply chain, IBM in January 2018 announced a joint venture deal with Maersk Group that would implement blockchain. Stakeholders predict such robust business strategies to bolster blockchain technology market outlook.
When it comes to risk management, blockchain is perceived as a foundational technology for the future of risk management. In a bid to harness the opportunities and capabilities which blockchain has to offer, risk management has become paramount in the business landscape.
In the wake of early adoption of blockchain technology, North America is slated to reign supreme in the industry and boost market revenue. Global Market Insights, Inc. predicted U.S. to account for a lion’s share investment between 2012 and 2017. Reportedly, Chinese cryptocurrency mining companies are vying Canada to be a happy hunting ground for cryptocurrency mining. These factors are set to fuel market share during the assessment period.
Governments across the world are exploring blockchain as an anti-fraud control with countries such as the U.S. increasingly investing in research to see the potential of blockchain in warfare, security and healthcare.
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Table of Content
Chapter 5. Global Blockchain Market, By Providers
5.1. blockchain technology Key trends, by providers
5.2. Infrastructure provider
5.2.1. Market estimates and forecast, 2016 - 2025
5.3. Application provider
5.3.1. Market estimates and forecast, 2016 - 2025
5.4. Operators
5.4.1. Market estimates and forecast, 2016 - 2025
Chapter 6. Global Blockchain Market, By Application
6.1. blockchain technology Key trends, by application
6.2. Smart Contract
6.2.1. Market estimates and forecast, 2016 - 2025
6.3. Payments & Wallets
6.3.1. Market estimates and forecast, 2016 - 2025
6.4. Digital identity
6.4.1. blockchain technology Market estimates and forecast, 2016 - 2025
6.5. Documentation
6.5.1. Market estimates and forecast, 2016 - 2025
6.6. Exchanges
6.6.1. Market estimates and forecast, 2016 - 2025
6.7. Compliance & Risk Management
6.7.1. Market estimates and forecast, 2016 - 2025
6.8. Others
6.8.1. Market estimates and forecast, 2016 – 2025
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