Global Blockchain Market is anticipated to grow with a CAGR of more than 50% by 2027
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According to the report title “Global Blockchain Market” published by Actual Market Research, the Blockchain is expected to reach more than $40 Billion in the year 2022. It is expected to expand at a compound annual growth rate (CAGR) of more than 50% from 2022 to 2027. Blockchain was introduced in October 2008 as part of a proposal for bitcoin, a virtual currency system that has central authority for issuing currency, transferring ownership, and confirming transactions.
The Asia Pacific dominated the market in 2021 and contributed approx. 35% share of the global market. The increasing popularity & adoption of Blockchain technology by leading organizations in the region is driving the regional markets. Industries such as BFSI, Supply chain, Healthcare, Telecom and the government are implementing payment and wallet solutions, smart contracts, and digital identity detection solutions, which are creating the need for Blockchain technologies. Initially, the public Blockchain segment has a large market share and contributed nearly 65% of the total market. The immense potential and accelerated development of permissioned Blockchain technology drive private Blockchain in future. The private Blockchain is registering the highest CAGR over the forecast period. It includes the provision of dedicated infrastructure and resources for organizations.
Major Companies present in the market: IBM Corporation, Amazon Web Services, Sap SE, Intel Corporation, Oracle Corporation, Huawei Technologies Co. LTD, ACCENTURE PLC, WIPRO Limited, Microsoft Corporation, Block stream Inc., Deloitte Touche Tohmatsu Limited, Pay Stand Inc., Applied Blockchain Limited.
Incorporated
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Considered in this report
- Geography: Middle East & Africa
- Historic Year: 2016
- Base year: 2021
- Estimated year: 2022
- Forecast year: 2027
Aspects covered in this report
- Global Blockchain market with its value and forecast along with its segments
- Region & country wise Blockchain market analysis
- Segment wise Blockchain Market
- Various drivers and challenges
- On-going trends and developments
- Top profiled companies
- Strategic recommendation
Strategic recommendation Regions covered in the report
- North America – United States, Canada, Mexico
- Europe- Germany, United Kingdom, France, Italy, Spain, Russia
- Asia-Pacific – China, Japan, India, Australia
- Latin America- Brazil, Argentina, Columbia
- Middle-East & Africa- UAE, Saudi Arabia, South Africa
By Application Type in the report:
- Banking & Financial Services
- Government
- Healthcare
- Media & Entertainment
- Retail and Ecommerce
- Transportation & Logistics
- Energy and Utilities
- Others (Insurance, Manufacturing, Travel, It & Telecom, etc.,)
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Table of Contents
- Executive Summary
- Report Methodology
- Market Structure
3.1. Market Considerate
3.2. Market Definition
- Economic /Demographic Snapshot
- Global Blockchain Market Outlook
5.1. Market Size By Value
- North America Blockchain Market Outlook
6.1. Market Size By Value
- US Blockchain Market Outlook
7.1. Market Size By Value
7.2. Market Share
- Europe Blockchain Market Outlook
8.1. Market Size By Value
8.2. Market Share
Continue………..
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