Europe BlockChain Market – Size, Outlook, Trends and Forecast (2024 – 2032)

A decentralised alignment, on which blockchain procedure is based which transfers authority and trust to a decentralised virtual network and allows its nodes to continuously record transactions on a public block creating a chain called blockchain. The blockchain is public record, in blockchain the blocks holds set of batches which having valid transactions that are shredded and programmed. Blockchain technology works as an electronic transaction processing system. This permits several members who are connected to the network, usually public, to track information through a safe network, thus eliminating the need for any third-party verification. Online dealings, digitisation of currency, and safe online payment gateways are critical factors expected to fuel demand of blockchain market.

Europe BlockChain Market Size & Growth:

The Europe 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 Europe 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 market growth during the blockchain forecast period. The significant challenges facing by the Europe 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 blockchain market growth during 2019-2025.

Europe BlockChain Market Segments Share:

The Europe blockchain market is segmented based on the provider, organisation size, industry, applications and geography. By provider, the Europe blockchain market is segregated into application and solution provider, middleware provider, infrastructure and protocols provider. In the provider segment, application and solution provider segment shows the significant growth due to faster transactions. 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 Europe blockchain market, and large enterprises hold the largest market in the Europe blockchain market due to the rising cryptocurrency market cap.

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 Europe blockchain market, and BFSI holds the largest market in Europe 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 Europe blockchain market, and payments hold the largest market in Europe blockchain market due to increase in adoption of blockchain as service. By geography, Germany is expected to register the highest growth in Europe blockchain market due to rising cryptocurrency market cap, and initial coin offering and the United Kingdom holds the largest market in Europe blockchain market due to faster transactions, simplifying business processes and creating transparency and immutability and reduced total cost of ownership

Europe BlockChain Market Trends:

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

Europe 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 Europe 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 Europe 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.