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Global Blockchain market set for 80.2% CAGR to 2023

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The Blockchain market report provides analysis of top players in all regions with industry size, growth, revenue, cost, sales, technology, market insights, demand, trend, key statistics and industry forecasts to 2023.

ReportsnReports always aims at offering their clients an in-depth analysis and the best research material of the various market. This new report on the global Blockchain Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market.

The market study covers the blockchain market across segments. It aims at estimating the market size and the growth potential of the market across segments, such as provider, application, organzation size, industry vertical,and region.

The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies. An exclusive data offered in this report is collected by research and industry experts team. 

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The Global Blockchain Market size is expected to grow from US$ 1.2 Billion in 2018 to US$ 23.3 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 80.2% during the forecast period. Complete report on Blockchain Market spread across 179 pages, profiling 25 companies and supported with tables and figures is now available at www.reportsnreports.com/purchas…ame=711414 .

“The retail and eCommerce industry vertical to grow at the highest CAGR during the forecast period”

The retail and eCommerce industry vertical is expected to grow at the highest CAGR in the blockchain market by vertical during the forecast period. Retail and eCommerce organizations are making huge investments to enhance customer experience.

The blockchain technology is progressively elevating the customer experience. With a positive customer experience, retail and eCommerce businesses are expected to achieve customer loyalty.

“North America to account for the largest market share, whereas Asia Pacific (APAC) to grow at the highest CAGR”

North America is estimated to hold the largest market size and dominate the global blockchain market in 2018, as the region is an early adopter of the blockchain technology. North America is considered the most advanced region in terms of technology adoption and infrastructure.

The regional presence of key industry players offering blockchain technology solutions is the main factor driving the North American blockchain market.

The Study Objectives of this report are:

  • To analyze the micromarkets with respect to the individual growth trends, prospects, and contributions to the overall market
  • To define, segment, and project the global market size for blockchain market
  • To analyze market opportunities for stakeholders by identifying the high-growth segments of the market
  • To forecast the market size of the segments with respect to regions, such as North America, Europe, APAC, MEA, and Latin America.
  • To track and analyze competitive developments, such as new product launches; mergers and acquisitions; and partnerships, agreements, and collaborations in the global blockchain market
  • To profile the key players in the market and comprehensively analyze their market size and core competencies

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Various factors, such as, increasing venture capital funding and investments in the blockchain technology, a growing need to simplify business processes and create business transparency and immutability, reduction in operational cost, increasing popularity of blockchain technology in retail and supply chain management are expected to drive the market. However, uncertain regulatory and compliance environment and limited availability of technical skillsets for implementing the blockchain technology may restrain the blockchain market growth.

Reason to access this report:

The report will help the market leaders/new entrants in the blockchain market with information on the closest approximations of the revenue numbers for the overall blockchain market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies.

Top Key Players in the “Blockchain Market” include are IBM (US), AWS (US), Microsoft (US), SAP (Germany), Intel (US), Oracle (US), Bitfury (US), Cegeka (Netherlands), Earthport (UK), Guardtime (Estonia), Digital Asset Holdings (US), Chain (US), Huawei (China), BlockCypher (US), Symbiont (US), BigchainDB (Germany), Applied Blockchain (UK), RecordsKeeper (Gibraltar), Blockpoint (US), Auxesis Group (India), BTL Group (Canada), Blockchain Foundry (Singapore), AlphaPoint (US), and Factom (US).

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