Global BlockChain Market – Size, Outlook, Trends and Forecast (2024

Global 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 technology works as an electronic transaction processing system. This permits several individuals to get connected to the network to track information through a safe network and thus eliminate the need for third-party verification. Increasing online dealings, digitisation of currency, and safe online payment gateways are prominent factors expected to fuel demand over the coming years.

Global Block Chain Market Size & Growth:

The global 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 global 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. Uncertain regulatory status and lack of a standard set of standards are hampering and are likely to continue during the forecast period. The significant challenges facing by the global blockchain market are security, control, and privacy, limited scalability, lack of awareness and so on especially in the emerging economies across the globe. 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.

Global Blockchain Market Segments Share:

The global blockchain market is segmented based on the provider, organisation size, industry, applications and geography. By provider, the global blockchain market is segregated into application and solution

Global 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, middleware provider, infrastructure, and protocols provider. In the provider segment, put together required

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Global 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

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