Global $6 Billion Blockchain Market 2017-2023: Market is Expected to grow at a CAGR of 48.37%

Dublin, Nov. 22, 2017 (GLOBE NEWSWIRE) -- The "Blockchain Market: By Product & Services; By Provider Type; By Industry Vertical & Geography - Forecast (2017 - 2023)" report has been added to Research and Markets' offering.

Global Blockchain market is estimated to reach $6,076.6M by 2023, and expected to grow at a CAGR of 48.37% during the forecast period. North American region is dominating the global Blockchain market.

The report incorporates the distinct analysis of the market on the basis of the product and services such as exchanging, trading and investment, financial services, infrastructure, payments & E-wallet, digital identity & reputation and others.

  • Based on provider type market is segmented into solution & application provider and infrastructure & protocol provider.
  • Based on industry verticals of market is segregated by banking financial services & insurance (BFSI), information and communication, government & public sector, healthcare, logistics, supply chain & transportation, e-commerce and retail and others.
  • The market has also been segmented on the basis of type such as public and private Blockchain.
  • Based on Geography, market is classified in to North America, Asia-Pacific, Europe and RoW.
  • The report also provides a detailed analysis of financials, strategy, products, and recent developments of the leading companies in the Blockchain market.

North American region comprises of well-established end-user industries which are increasingly employing Blockchain technology for payments, digital identities, smart contracts and documentation. It is followed by European and Asia-Pacific region. The growth is due to increasing interest about Blockchain technology among the citizens, businesses organizations and various industry verticals across the European Union and APAC.

Market Dynamics

Market Drivers

  • Efficient Peer-To-Peer Transaction Platform
  • Blockchain Bring Transparency To Different Industry Application
  • Evaluation Of The Technology's Maturity As Compare To Alternatives
  • Banks And Governments Are Considering Issuing National Currencies On The Blockchain

Market Constraints

  • Government Regulation Is One Of The Major Restraints Factor For Blockchain Technology
  • Security And Privacy Issue Affects The Blockchain Technology

Market Challenges

  • Awareness And Understanding
  • Cost And Efficiency

Companies Profiled in this Report are:

  • IBM Corporation
  • Bitfury Group Ltd
  • BTL Group (Blockchain Tech Ltd.)
  • Chain, Inc.
  • Circle Internet Financial Limited
  • Coinbase
  • Deloitte Touche Tohmatsu Limited
  • Digital Asset Holdings
  • Digitalx Ltd.
  • Earthport PLC

Key Topics Covered:

1. Blockchain Market - Market Overview

2. Blockchain Market - Executive Summary

3. Blockchain Market - Market Landscape

4. Blockchain Market - Market Forces

5. Blockchain Market - Strategic Analysis

6. Blockchain Market - By Product And Services

7. Blockchain Market - By Provider Type

8. Blockchain Market - By Industry Verticals

9. Blockchain Market - By Type

10. Geographic Analysis

11. Market Entropy

12. Company Profiles

13. Appendix

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