North America Blockchain Market – Size, Outlook, Trends and Forecast (2024

North America 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

A blockchain is a decentralised, dispersed and a public numerical ledger that is used to record transactions across many computers so that the record cannot be altered without the alteration of all subsequent blocks and the consensus of the network. Blockchain technology works as an electronic transaction processing system. The blockchain is a global public record, in blockchain the blocks hold set of batches which having valid transactions that are shredded. 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. Increasing online dealings and safe online payment gateways are prominent factors expected to fuel demand of blockchain market.

North America BlockChain Market Size & Growth:

The North America 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 North America 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 blockchain analysis. Uncertain regulatory status and lack of a standard set of standards are hampering the market growth during

North America 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

the blockchain market forecast period. The significant challenges facing by the North America 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 reduced total cost

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North America 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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