The global blockchain technology market valued at US$ 482.1 million in 2016 and expanded to a CAGR of 55.5 percent between 2017 and 2025.
SANJOSE, United States - February 4, 2019 /MarketersMedia/ —
The latest market report issued by Credence Research, Inc. "Blockchain Technology Market-Growth, Future Prospects, and Competitive Analysis, 2017-2025, the global blockchain technology market valued at US$ 482.1 million in 2016 and expanded to a CAGR of 55.5 percent between 2017 and 2025.
Market Insights
Blockchain technology is one of the future technological trends in the field of information technology. It allows a ledger to be accessed by parties involved in the transaction and can act as the universal and irrefutable depository of all transactions between the parties involved.
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The many advantages of developing such a platform have already attracted attention and, consequently, investments from the financial sector and many technological giants. Recent technological investments have been made by various financial institutions in conjunction with key technology players to further improve the efficiency of the underlying financial processes and reduce the risk. Not only does the technology hold the ability to disrupt the way the financial sector often works, but it will also have conclusive effects on non-financial industries including consumer goods, technology, and media & telecom, among others.
In terms of value, public blockchain technology accounted for more than 60% of the market share in the year 2016 of the global blockchain technology by type market and projected to maintain its dominance throughout the forecast period 2017 to 2025. However, private technology is anticipated to be the fastest growing segment during the forecast period 2017 to 2025.
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By application, in the year 2016 payment segment considered for the biggest share of around in the global market in terms of revenue. The need for banking and financial transactions has evolved from traditional payments systems to be seamlessly integrated into a new and always connected lifestyle which is fueling the growth of Blockchain-based payment solutions.
BFSI industry controls the blockchain market by end-use industry segment by value in 2016. It is also predicted to witness the robust growth of 60.4% throughout the projection period from 2017 to 2025. The real-time tracking of transactions, averting frauds and errors when making online payments is expected to fuel the adoption of blockchain technology in the BFSI sector.
Competitive Insights
Market players present in the market are
Microsoft Corporation (U.S.),
IBM Corporation (U.S.),
Deloitte (U.S.),
Ripple (U.S.),
Chain, Inc. (U.S.),
Abra, Inc. (U.S.),
BitFury (U.S.),
Coinbase (U.S.),
Circle Internet Financial Limited (U.S.),
Digital Asset Holdings (U.S.),
Blockchain Tech Ltd (Canada),
Global Arena Holding, Inc. (U.S.),
Digital CC Ltd (Australia),
21 Inc. (U.S.),
Earthport (U.K.).
Stakeholders of the Blockchain technology market includes service providers, consulting firms, IT service providers, and technology providers.
Key Trends
The increasing interest of the BFSI sector and increasing merchants accepting cryptocurrencies offers huge growth potential
Blockchain technology powered by artificial intelligence is getting huge traction
Uncertainty in regulatory status
ToC:
4. Global Block Chain Technology Market Size (US$ Bn), by Type, 2016 -2025
4.1. Overview
4.1.1. Market Share Analysis, by Type, 2016 vs 2025 (Value %)
4.1.2. Attractive Investment Proposition, by Type
4.2. Public
4.3. Private
4.4. Consortium
5. Global Block Chain Technology Market Size (US$ Bn), by Application, 2016 -2025
5.1. Overview
5.1.1. Market Share Analysis, by Application, 2016 vs 2025 (Value %)
5.1.2. Attractive Investment Proposition, by Application
5.2. Payments
5.3. Exchanges
5.4. Smart Contracts
5.5. Documentation
5.6. Digital Identity
5.7. Others
6. Global Block Chain Technology Market Size (US$ Bn), by End-Use Industry, 2016 -2025
6.1. Overview
6.1.1. Market Share Analysis, by Application, 2016 vs 2025 (Value %)
6.1.2. Attractive Investment Proposition, by Application
6.2. Banking, Financial Services, and Insurance
6.3. Non-Financial Sectors
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List of Tables
TABLE 1 Market Snapshot: Global Block chain technology Market Revenue
TABLE 2 North America Block chain technology Market Revenue, by Type, 2015 – 2025 (US$ Bn)
TABLE 3 North America Block chain technology Market Revenue, by Application, 2015 – 2025 (US$ Bn)
TABLE 4 North America Block chain technology Market Revenue, by End-use Industry, 2015 – 2025 (US$ Bn)
TABLE 5 North America Block chain technology Market Revenue, by Country, 2015 – 2025 (US$ Bn)
TABLE 6 U.S. Block chain technology Market Revenue, by Type, 2015 – 2025 (US$ Bn)
TABLE 7 U.S. Block chain technology Market Revenue, by Application, 2015 – 2025 (US$ Bn)
TABLE 8 U.S. Block chain technology Market Revenue, by End-use Industry, 2015 – 2025 (US$ Bn)
TABLE 9 Canada Block chain technology Market Revenue, by Type, 2015 – 2025 (US$ Bn)
TABLE 10 Canada Block chain technology Market Revenue, by Application, 2015 – 2025 (US$ Bn)
TABLE 11 Canada Block chain technology Market Revenue, by End-use Industry, 2015 – 2025 (US$ Bn)
TABLE 12 Europe Block chain technology Market Revenue, by Type, 2015 – 2025 (US$ Bn)
TABLE 13 Europe Block chain technology Market Revenue, by Application, 2015 – 2025 (US$ Bn)
TABLE 14 Europe Block chain technology Market Revenue, by End-use Industry, 2015 – 2025 (US$ Bn)
TABLE 15 Europe Block chain technology Market Revenue, by Country, 2015 – 2025 (US$ Bn)
TABLE 16 Germany Block chain technology Market Revenue, by Type, 2015 – 2025 (US$ Bn)
TABLE 17 Germany Block chain technology Market Revenue, by Application, 2015 – 2025 (US$ Bn)
TABLE 18 Germany Block chain technology Market Revenue, by End-use Industry, 2015 – 2025 (US$ Bn)
TABLE 19 U.K. Block chain technology Market Revenue, by Type, 2015 – 2025 (US$ Bn)
TABLE 20 U.K. Block chain technology Market Revenue, by Application, 2015 – 2025 (US$ Bn)
TABLE 21 U.K. Block chain technology Market Revenue, by End-use Industry, 2015 – 2025 (US$ Bn)
TABLE 22 France Block chain technology Market Revenue, by Type, 2015 – 2025 (US$ Bn)
TABLE 23 France Block chain technology Market Revenue, by Application, 2015 – 2025 (US$ Bn)
TABLE 24 France Block chain technology Market Revenue, by End-use Industry, 2015 – 2025 (US$ Bn)
TABLE 25 Rest of Europe Block chain technology Market Revenue, by Type, 2015 – 2025 (US$ Bn)
TABLE 26 Rest of Europe Block chain technology Market Revenue, by Application, 2015 – 2025 (US$ Bn)
TABLE 27 Rest of Europe Block chain technology Market Revenue, by End-use Industry, 2015 – 2025 (US$ Bn)
TABLE 28 Asia Pacific Block chain technology Market Revenue, by Type, 2015 – 2025 (US$ Bn)
TABLE 29 Asia Pacific Block chain technology Market Revenue, by Application, 2015 – 2025 (US$ Bn)
TABLE 30 Asia Pacific Block chain technology Market Revenue, by End-use Industry, 2015 – 2025 (US$ Bn)
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