Blockchain Technology Market: Global Product Intelligence Study 2024
The Infinium Global Research analyzes the Blockchain Technology Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global blockchain technology market. It will help a lot of decision-makers to develop strategies and find new opportunities in the global markets of blockchain technology. The report covers market-changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the blockchain technology market during the period. The global blockchain technology market is projected to grow at a CAGR of 37.6% over the
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How Blockchain Technology Helping to Fight Against the Covid-19 Pandemic
Blockchain technology has become more relevant during this pandemic as traditional systems are failing. Better access to data of entire populations and a speedy consent-based data sharing system is anticipated to be the most important asset in fighting pandemics. A blockchain startup launched a public safety system called civitas, to improve safety and cut store wait times by reducing gatherings in tight spaces thus reducing the chances of contagion.
Blockchain Technology Bringing Revolutionary Change with Its Safer Ledger Technology
The application of blockchain technology is bringing revolutionary changes in almost every financial institution due to its advantages of safer ledger technology and also no transaction fees by eliminating any kind of third-party verification. Hosted by millions of computers simultaneously, there is no single location where the database is stored, thus averting the danger of getting hacked. The blockchain technology market is expected to propel tremendously during the forecast period due to increasing demand for it across various sectors including consumer or industrial products, healthcare, media and telecom, financial services and the public sector. The three properties of blockchain including decentralization, transparency, and immutability created the backbone of a new type of internet.
Blockchain Technology in BFSI Sector
The application of blockchain development services in the BFSI sector has reduced financial fraud considerably as compared to the DBMS system. The DBMS system, which stores data and used by all players is under constant threat of manipulation, but blockchain-enabled DBMS reduces the risk of manipulation as it has no central authority but only requires support and maintenance.
Leading Vendors Focusing on Product Development to Provide Competitive Cost to the End-users
Prominent vendors in the market are concentrating on developing new technologies and staying up-to-date with emerging technologies to influence their product lines. For instance, The Linux foundation formally introduced Hyperledger Fabric v2.0, featuring enhancements such as new centralized chain code, new consensus type of raft, private data to ensure data privacy, and new decentralized chain code.
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Blockchain Technology Market Coverage
Chapter – 1 Preface
=> Report Description
=> Research Methods
=> Research Approaches
Chapter – 2 Executive Summary
=> Blockchain Technology Market Highlights
=> Blockchain Technology Market Projection
=> Blockchain Technology Market Regional Highlights
Chapter – 3 Global Blockchain Technology Market Overview
=> Market Dynamics
=> Porter’s Five Forces Analysis
=> IGR-Growth Matrix Analysis
=> Value Chain Analysis of Blockchain Technology Market
Chapter – 4 Blockchain Technology Market Macro Indicator Analysis
Chapter – 5 Global Blockchain Technology Market by Application
=> Digital Identity
=> Smart Contracts
Chapter – 6 Global Blockchain Technology Market by Industry Vertices
=> Media and Entertainment Sector
=> Healthcare and Life Sciences
=> Retail and E-commerce Sector
=> Power Generation
Chapter – 7 Global Blockchain Technology Market by Region 2018-2024
=> North America
Chapter – 8 Company Profiles and Competitive Landscape
Competitive Landscape in the Global Blockchain Technology Market
=> IBM Corporation
=> Microsoft Corporation
=> Blockchain Tech Ltd
=> BTL Group
Chapter – 9 Appendix
=> Primary Research Findings and Questionnaire
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