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DUBLIN – (FILO D & # 39; BUSINESS)–The "Blockchain
Market by vertical sector (BFSI, government, healthcare, retail e
E-Commerce, transport and logistics), application (payments,
Exchanges, Smart Contracts, Documentation, Digital Identity) E
Geography – Global forecast for 2025 " report has been added to ResearchAndMarkets.com of
offer.
The global blockchain market is expected to grow at a CAGR of 74.1%
from 2018 to 28,248.7 million dollars in 2023
Increase the adoption of BaaS, increasing merchants' acceptance
cryptocurrency, and growing interest in the financial blockchain
institutions are the key factors that drive global growth
blockchain market. However, regulatory uncertainty is limited
scalability is hampering the growth of this market.
The payments segment represented the largest share of the global
blockchain market in 2017. This segment is expected to grow at a CAGR of
72.2% during the forecast period. The growing need to transfer funds
directly and securely to anyone and the growing demand to reduce costs
transactions are driving the growth of this market segment.
Based on banking, banking, financial and insurance services
(BFSI) accounted for most of the global blockchain market. The
growing need to simplify financial transactions, increasing demand a
fight fraud and the growing interest of companies to adopt blockchain
they are the main factors contributing to market growth.
Market overview
Market Driver
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Increase of the adoption of BaaS
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Increasing merchants who accept cryptocurrency
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Growing interest in Blockchain among financial institutions
constraints
Opportunity
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Cost reduction
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Blockchain in international trade
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Smart contract and digital identity
The challenges
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Limited scalability
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Security, privacy and lack of awareness
Companies mentioned
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Amazon
-
BTL Group
-
Chain Inc.
-
Coinbase
-
Digital Asset Holdings
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Earthport
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IBM
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Microsoft
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Ripple
For more information on this report, visit https://www.researchandmarkets.com/research/d3krmk/blockchain?w=4
