Global Blockchain Market is Set to Reach USD 42.0 billion by 2024

Globally, blockchain industry players are leveraging market growth through the formulation of several policies and reforms by a government organization in various developed as well as developing economies along with entering into several partnership agreements.

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The key players in the blockchain market are launching a new link for various supply chain experts. Furthermore, there are several software development enterprises that are embracing the technique at an extensive rate as it helps them in fighting against fraudulent activities.

On the basis of organization size, the global blockchain market is divided into large enterprises and small and medium enterprises.

On the basis of vertical, the global blockchain market is divided into government, retail and e-commerce, transportation and logistics, BFSI, media and entertainment, IT and telecommunication, healthcare & life sciences, real estate, travel & hospitality, and others.

Geographically, North America has accounted for the largest share in the blockchain market, globally and is predicted to grow significantly during the forecast period. The growth of this market is attributed towards the existence of a large number of organizations having a huge base of operation, adoption of payment and documentation uses in several industries along with widespread execution of smart contracts.

Some of the key players operating in the global blockchain market are IBM Corporation, Ripple, Amazon Web Services, Inc., Microsoft Corporation, Abra, Chain Inc., BigchainDB Gmbh, Ethereum Foundation, Earthport PLC, Factom, BTL Group Ltd., Humaniq, Tierion, BlockCypher Inc., AlphaPoint, and Bitfury Group Limited.

Source: VynZ Research