Blockchain Market By type, By provider, By organization size, By End User, Industry Trends, Estimation & Forecast, 2016–2024
Blockchain Market report which is an end to end market guide. This report includes historic, current and future market scenario giving the reader a holistic as well as an atomistic view of the industry. The Blockchain market research report anticipates the industry growth curve to go uphill under the study period of 2015–2025. The consumption, sales, revenue, gross margins are collected and analyzed at the regional level across the value chain.
Blockchain Market is expected to reach $9,617.4 million by 2024, having a CAGR of 60.8% during the forecast period of 2017 to 2024. The private blockchain segment garnered the highest revenue share in the global market accounting for more than 50% of the market in 2016.
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A block chain is a continuously growing list of records also called as blocks. These records are linked and secured by using cryptography. Each block contains typically a hash pointer as a link to a previous block, a timestamp and transaction data. By design, block chains are inherently resistant to modification of the data. Functionally, a block chain can act as an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. For its use as a distributed ledger a blockchain is typically managed by a peertopeer network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered or tampered retroactively without the alteration of all subsequent blocks and a collusion of the network majority.
Small and Medium Enterprises SMEs and large enterprises are rapidly deploying the Blockchain solutions. The Blockchain solutions have been deployed across various industry verticals, including Banking, Financial Services, and Insurance BFSI, government & public sector, healthcare & life sciences, retail & ecommerce, automotive, media & entertainment, and others. The demand for Blockchain solutions is increasing due to the costeffective and timeefficient features. Its growth is specifically high in SMEs, where low cost solutions are much required. The Blockchain market faces challenges such as security, privacy & control, and scalability. Moreover, factors such as technical understanding about the blockchain concept, factors such as lack of awareness about the Blockchain and uncertain regulatory status are the major restraints in the overall growth of the market.
The blockchain market is segmented on the basis of type, provider, organization size, end user, application and geography. By type, the market is segmented into public and private. On the basis of provider, the market is segmented as application and solution provider, middleware provider and infrastructure and protocol provider. On the basis of organization size, the market is segmented as large enterprises and small and medium enterprises. By End User, the market is segmented as government, BFSI, Automotive, Retail and Ecommerce, Media & Enertainment and others. By Geography, the market is segmented as North America, Europe, AsiaPacific and Rest of World.
Some major market players are Chain Inc., IBM Corporation, Accenture Plc., Eris Industries, Intel Corporation, Deloitte, Blockchain Tech Ltd., Microsoft Corporation, Digital Asset Holdings, Earthport.
BLOCKCHAIN MARKET SEGMENTATION
• Public blockchain
• Private blockchain
• Application and solution provider
• Middleware provider
• Infrastructure and protocol provider
By organization size
• Large enterprises
• Small and medium enterprises
By End User
• Retail & ECommerce
• Media & Entertainment
• Rest of Europe
• Rest of AsiaPacific
Rest of World
• Latin America
• Middle East
KEY MARKET PLAYERS
• Chain Inc.
• IBM Corporation
• Accenture Plc.
• Eris Industries
• Intel Corporation
• Blockchain Tech Ltd.
• Microsoft Corporation
• Digital Asset Holdings
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Table of content
CHAPTER 1. INTRODUCTION
1.1. RESEARCH METHODOLOGY
1.1.1. ERC desk research
1.1.2. ERC data synthesis
1.1.3. Data validation and market feedback
1.1.4. ERC data sources
1.2. RESEARCH SCOPE
CHAPTER 2. MARKET LANDSCAPE
2.1. RESEARCH SUMMARY
2.2. VALUE CHAIN ANALYSIS
2.3. FIVE FORCES ANALYSIS
2.4. MARKET SHARE ANALYSIS
2.5. DEMAND FORECAST
2.6. BUSINESS INTELLIGENCE & STRATEGIC ANALYSIS
2.7. MARKET DETERMINANTS
18.104.22.168. Better optimization of capital
22.214.171.124. Faster transactions
126.96.36.199. Improvised security
188.8.131.52. Transparency and interdependence
184.108.40.206. Lack of awareness regarding cryptocurrency
220.127.116.11. Uncertain regulatory standards
18.104.22.168. Digitization and internet of things IoT trend
22.214.171.124. Increasing use of blockchain for payments, smart contracts, and digital identity
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