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LONDON–(BUSINESS WIRE) – According to Technavio, the blockchain technology market will grow by 8.07 billion dollars in the period 2020-2024. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the blockchain technology market in optimistic, probable and pessimistic forecasting scenarios.
Businesses will go through the response, recovery and renewal phases. Download a free COVID-19 sample report
The blockchain technology market will see a positive impact during the forecast period due to the widespread growth of the COVID-19 pandemic. According to Technavio’s pandemic-focused market research, market growth is likely to increase compared to 2019.
As the new coronavirus pandemic continues to spread, organizations around the world are gradually flattening their recession curve by leveraging technology. Many businesses will go through response, recovery and renewal phases. Building business resilience and enabling agility will help organizations move forward on their journey out of the COVID-19 crisis to the Next Normal.
This post-pandemic business planning research will help customers:
- Adapt their strategic planning to move forward once business stability is established.
- Build resilience make effective choices in terms of resources and investments for individual business units, products and service lines.
- Conceptualize scenario-based planning mitigate future crisis situations.
Download the Post-Pandemic Business Planning Framework. Click here
Key considerations for market forecasts:
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Impact of blockages, supply chain disruptions, demand destruction and change in customer behavior
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Optimistic, probable and pessimistic scenarios for all markets as the impact of the pandemic unfolds
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Pre- and post-COVID-19 market estimates
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Quarterly impact analysis and updates on market estimates
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Related report on Information technology Sectors:
Global Blockchain Identity Management Market: The size of the blockchain identity management market has the potential to grow by $ 4.61 billion over the period 2020-2024, and the growth momentum of the market will accelerate during the forecast period. To get research insights: Click and get a FREE sample report in minutes!
Blockchain technology market in the transport and logistics sector: The size of the blockchain technology market in the transportation and logistics sector will decrease by $ 811.51 million during the period 2020-2024 and the growth momentum of the market will slow during the forecast period due to the decline in year-over-year growth. To get research insights: Click and get a FREE sample report in minutes!
Top three participants in the Blockchain technology market:
Accenture Plc
Accenture Plc operates in five segments, which include communications, media and technology, financial services, health and public service, products and others. The company offers consulting, technical and operational services that help organizations implement distributed ledger technology for BFSI and capital markets.
Amazon.com Inc.
Amazon.com Inc. operates in North America and with international and amazon web services. The company offers the Amazon Managed Blockchain service which helps create and manage scalable blockchain networks using the popular open source frameworks Hyperledger Fabric and Ethereum.
Huawei Investment & Holding Co. Ltd.
Huawei Investment & Holding Co. Ltd. It operates in the carrier, business and consumer sectors. The company offers the Huawei Cloud Blockchain service which efficiently helps build blockchain solutions and applications for smart cities.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction for FREE! Get the snapshot of the report here to get a detailed analysis of the market share of market participants during the COVID-19 blockade: https://www.technavio.com/report/blockchain-technology-market-industry-analysis
Blockchain Technology Market 2020-2024: Segmentation
The blockchain technology market is segmented as below:
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Final user
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BFSI
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Government
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Health care
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Others
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Geographic landscape
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North America
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Europe
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APAC
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South America
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MY
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The blockchain technology market is driven by an increase in FinTech spending. Furthermore, other factors such as easier access to the technology should trigger the blockchain technology market towards a CAGR of over 29% during the forecast period.
Learn more about global trends influencing the future of the blockchain technology market, request a free sample @ https://www.technavio.com/talk-to-us?report=IRTNTR43773
Market driver
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Covered suppliers
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