October 23, 2020

Blockchain Market Insights Focusing on Primary Trends until 2025

GMI Research market report focuses on providing an overview of the industry through detailed market segmentation. The report has information related to the overview and scope of the market followed by the key drivers, restraints, and emerging trends in the market. This report is especially designed to include both qualitative and quantitative aspects of the industry in each region and country included in the study.

List of Significant Manufacturers in the Blockchain Market include:

  • Amazon Web Services, Inc.
  • International Business Machines Corporation
  • Microsoft Corporation
  • Earthport
  • Intel Corporation
  • Blockchain Tech Ltd.
  • The Linux Foundation
  • Bitfury USA, Inc.
  • Digital Asset Holdings
  • Chain Inc.

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Blockchain Market Drivers and Restraints:

The blockchain is a distributed digital ledger system that holds all transactions and shares the data safely with all network participants. Each record is referred to as the ledger in the blockchain system, and each data exchange is known as a transaction. In the ledger, the verified transaction is inserted and is known as a block. The key factor responsible for the growth of the blockchain market includes the requirement for data security and transparency. The transaction cannot be changed once added to the blockchain ledger.

Blockchain technology is witnessing strong growth in numerous industries such as healthcare, retail, BFSI, and government due to the factors such as secured data transfer, decreased fraud, restricted risk of phishing, and data hacking. For example, in October 2018, Nuggets (e-commerce payments and ID platform provider) entered a partnership with Devery (product provenance and verification blockchain provider) to develop a blockchain product, particularly for the supply chain industry. On the other hand, rigorous government regulations and lack of standards are hampering the market growth.

Segmentation: Blockchain Market

Blockchain Market: By Type

  • Private Blockchain
  • Public Blockchain

Blockchain Market: By Application

  • Payments
  • Smart Contracts
  • Digital Identity
  • Governance
  • Risk and Compliance Management
  • Others

Blockchain Market: By Organization size

  • Large Enterprises
  • Small & Medium Enterprises (SMEs)

Blockchain Market: By End-Users

  • BFSI
  • Healthcare
  • Retail
  • Government
  • IT & Telecom
  • Other

Blockchain Market: By Region

  • North America
  • United States of America
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • Rest of APAC
  • Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Rest of Europe
  • RoW
  • Brazil
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of the world (remaining countries of the LAMEA region)

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