Asia Pacific Blockchain Market – Size, Outlook, Trends and Forecast (2024

Asia Pacific Blockchain Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Blockchain market jointly manages a database that records transactions. Digitization of currency and safe online payment gateways, growing online dealings are projecting factors expected to fuel demand over the coming years. Blockchain allows several members who are connected to the network, usually public, to track information through a safe network, thus eliminating the need for any verification. The blockchain is global transactions record, in blockchain the blocks hold set of batches which having valid transactions that are shredded and programmed.

Asia Pacific BlockChain Market Size & Growth:

The Asia Pacific blockchain market was valued at $XX Billion in 2017 and is estimated to reach $XX Billion by 2025, at a CAGR of XX% during 2019-2025. The significant factors responsible for the Asia Pacific blockchain market growth are Increasing adoption of blockchain as a service, rising cryptocurrency market cap and initial coin offering, faster transactions, simplifying business processes and creating transparency and immutability, reduced total cost of ownership are driving the blockchain market during the blockchain market analysis. Uncertain regulatory status and lack of a standard set of standards are hampering the blockchain market growth during the blockchain market forecast period. The significant challenges facing by the Asia Pacific blockchain market are security, control and privacy, limited scalability, lack of awareness about the blockchain technology. Rising importance and adoption of the blockchain technology among communication set of providers, blockchain technology for payments, smart contacts and digital identities, transforming international trade and supply chain management are creating profitable opportunities to the market growth during 2019-2025.

Asia Pacific BlockChain Market Segments Share:

The Asia Pacific blockchain market is segmented based on the provider, organisation size, industry, applications and geography. By

Asia Pacific Blockchain Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

provider, the Asia Pacific blockchain market is segregated into application and solution provider, middleware provider, infrastructure and protocols provider. Among the provider segment, application and solution provider segment shows the significant growth. By organisation size, the market is segregated into large enterprises, small & medium enterprises. Among these, small & medium enterprises are expected to register the highest growth in the Asia Pacific blockchain market, and large enterprises hold the largest market in the Asia Pacific blockchain market. By Industry the market is classified into BFSI, government, healthcare and life sciences, media and entertainment, retail and e-commerce, travel and hospitality, transportation and logistics, real estate, telecommunication. Among these, the government is expected to register the highest growth in Asia Pacific blockchain market, and BFSI holds the largest market in Asia Pacific blockchain market due to simplifying business processes and creating transparency and immutability.

By application, the market is segmented into payments, exchanges, smart contracts, documentation, digital identity, supply chain management, governance, risk, and compliance management and others. Among these verticals, exchanges are expected to register the highest growth in Asia Pacific blockchain market, and payments hold the largest market in Asia Pacific blockchain market due to increase in adoption of blockchain as service. By geography, China is expected to register the highest growth in Asia Pacific blockchain market due to rising cryptocurrency market cap, and initial coin offering and Japan holds the largest market in Asia Pacific blockchain market due to faster transactions, simplifying business processes and creating transparency and immutability and reduced total cost of ownership.

Asia Pacific BlockChain Market Trends:

IBM launched a blockchain platform exclusively for banking and financial services in July

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Asia Pacific Blockchain Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

2018. IBM partnered with foreign exchange services firm to create Ledger Connect, a platform aimed at applying blockchain technology to numerous areas.

July.2018, At the Adents Serialization Innovation Summit in Philadelphia, Microsoft software architect, gave a talk explaining that when used within an already existing end-to-end solution, blockchain can improve communication by storing and sharing product transaction and checkpoint status during the manufacturing process and along the supply chain in a single fixed ledger.

Asia Pacific BlockChain Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have a complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried out to understand the market more comprehensively.

Regional and Global Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact on altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with significant competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The primary critical players in the Asia Pacific BlockChain Market are:

Amazon Web Services
IBM
Microsoft
Ripple
Chain, Inc.

Along with these companies, there were many other companies considered cited in the report while analysing the Asia Pacific blockchain market. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.

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