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DUBLIN, December 12, 2018 / PRNewswire / –
The "Blockchain Market for providers, application (payments, exchanges, smart contracts, documentation, digital identity, supply chain management and GRC management), organization, vertical sector and region – global forecast for 2023" report has been added ResearchAndMarkets.com of offer.
From here it is expected that the size of the global blockchain market will grow 1.2 billion dollars in 2018 a 23.3 billion dollars by 2023, at a compound annual growth rate (CAGR) of 80.2% during the forecast period.
Various factors, such as increased risk capital financing and investments in blockchain technology, a growing need to simplify business processes and create corporate transparency and immutability, reduced operating costs, increased popularity of blockchain technology in management of the distribution chain and retail the market.
However, the uncertain regulatory and compliance environment and the limited availability of technical skills for the implementation of blockchain technology can slow down the growth of the blockchain market.
The industry of retail trade and vertical e-commerce to grow to maximum CAGR during the forecast period
The retail and eCommerce vertical sector is expected to grow at the highest CAGR in the vertical blockchain market during the forecast period. Retail organizations and eCommerce are making huge investments to improve the customer experience. Blockchain technology is gradually increasing the customer experience. With a positive customer experience, retail and e-commerce activities are expected to reach customer loyalty. Blockchain technology allows retailers to use smart contracts to resolve any customer-related conflict without court intervention.
The large business segment to maintain a larger market size during the forecast period
The large business segment is expected to have a larger market size in the blockchain market by size of the organization during the forecast period. It is expected that the availability of sufficient capital and other resources to incorporate new technologies will enable large companies to take a leading role in the market. Another factor that contributes to increasing the market share of large companies in the blockchain market is the high investment in research and development to develop the most suitable technology to improve the business efficiency of an organization.
North America to represent the largest market share while Asia Pacific (APAC) to grow at the highest CAGR
North America It is estimated that it holds the largest market size and dominates the global blockchain market in 2018, as the region is one of the first to adopt blockchain technology. North America it is considered the most advanced region in terms of adoption and technological infrastructure. The regional presence of key industry players offering blockchain technology solutions is the main driver behind the North American blockchain market.
Asia Pacific (APAC) should grow at maximum CAGR during the forecast period. Several new startups in APAC entered the blockchain market and started to develop blockchain solutions. Investors are investing in startups that are helping these small businesses innovate blockchain technology. The integration of blockchain technology to transform business processes in the developing countries of APAC could increase the growth of the blockchain market in APAC.
Main topics covered
1. Introduction
1.1 Objectives of the study
1.2 Definition of the market
1.3 Market segmentation
1.4 Areas covered
1.5 years considered for the study
1.6 Currency
1.7 Stakeholders
2 Research methodology
2.1 Research data
2.1.1 Secondary data
2.1.2 Primary data
2.1.2.1 Breakdown of Primary
2.1.2.2 Key information on the sector
2.2 Estimate of the size of the market
2.2.1 Approach from bottom to top
2.2.2 Approach from top to bottom
2.3 Conditions for the study
2.3.1 Search limits
3 Executive summary
4 premium insights
4.1 Interesting market opportunities in the Blockchain market
4.2 Market share of the first 3 applications and regions, 2018
4.3 Marketing the first 3 applications
4.4 Market By Provider, 2018 vs 2023
4.5 Market size per organization, 2018
4.6 Market Top 3 Industry Verticals, 2018
4.7 Market investment scenario
5 Market overview
5.1 Introduction
5.2 Market dynamics
5.2.1 Driver
5.2.1.1 Increase Venture Capital funding and investments in Blockchain technology
5.2.1.2 Increase in the popularity of Blockchain technology in the management of the distribution chain and the supply chain
5.2.1.3 Blockchain technology simplifies business processes and creates transparency and immutability
5.2.1.4 Blockchain technology reduces operating costs
5.2.2 Constraints
5.2.2.1 Regulatory and compliance environment uncertain
5.2.2.2 Limited availability of technical Skillsets for the implementation of Blockchain technology
5.2.3 Opportunities
5.2.3.1 Increasing number of government initiatives
5.2.3.2 Extensive use of Blockchain solutions in IoT, Banking and Cybersecurity
5.2.3.3 High adoption of Blockchain solutions for payments, Smart Contracts and digital identities
5.2.3.4 Increase demand for real-time data analysis, improved visibility and proactive maintenance
5.2.4 Challenges
5.2.4.1 Security, privacy and control issues
5.2.4.2 Opposition by Incumbent Technologies
5.3 Trends in the sector
5.3.1 Types of Blockchain technology
5.3.1.1 Private blockchain
5.3.1.2 Public blockchain
5.3.1.3 Authorized / hybrid Blockchain
5.4 Blockchain associations and consortia
5.4.1 Enterprise Ethereum Alliance
5.4.2 Hyperledger Consortium
5.4.3 Global Blockchain Economic Council
5.4.4 Blockchain Collaborative Consortium
5.4.5 R3cev Blockchain Consortium
5.4.6 CLS Group
5.4.7 Overall management group of payments
5.4.8 Financial Blockchain Shenzhen Consortium
5.4.9 Cu Ledger
5.4.10 Wall Street Blockchain Alliance
5.5 cases of use
5.5.1 Use of the Blockchain technology for intelligent transformation in the Smart Dubai Initiative
5.5.2 Partnership Id2020
5.5.3 Blockchain project for supply chain management and inventory management
5.5.4 Adoption of Blockchain technology Exolutions in the Estonian government
5.5.5 The use of Blockchain for Smart Contracts
5.6 Evolution of the market
6 Blockchain market, by supplier
6.1 Introduction
6.2 Application providers
6.2.1 The growing need to accelerate the process of universal cross-border payments Driving the application providers segment
6.3 Middleware providers
6.3.1 Increase the need for companies to protect back-end data flowing through communication systems to drive growth in the middleware provider segment
6.4 Infrastructure providers
6.4.1 Increase the need to develop, deploy and manage enterprise-grade blockchain applications to increase market growth in the infrastructure supplier segment
7 Blockchain Market, by application
7.1 Introduction
7.2 Payments
7.2.1 Use of blockchain-based payment applications for faster and more efficient transactions
7.3 Exchanges
7.3.1 Increase cryptocurrency to drive the growth of blockchain-based exchange applications
7.4 Intelligent contracts
7.4.1 Need to reduce the costs of verification, execution, arbitrage and fraud prevention for business processes Smart Contracts Market Guide
7.5 Documentation
7.5.1 Increase the need for blockchain-based documentation applications to preserve business-critical information
7.6 Digital identity
7.6.1 Increased need to protect customer identities to drive the growth of Blockchain-based digital identity applications
7.7 Supply chain management
7.7.1 Need for supply chain management applications integrated with Blockchain technology to improve inventory management systems for retail operations
7.8 Management of governance, risks and compliance
7.8.1 Demand for governance, risk and compliance management applications to meet audit requirements and regulatory obligations
7.9 Others
8 Blockchain Market, by organizational size
8.1 Introduction
8.2 Small and medium-sized enterprises
8.2.1 Increase in the adoption of Blockchain-based applications to simplify the costs of business operations
8.3 Large companies
8.3.1 Availability of infrastructure and resources to guide large companies to adopt Blockchain applications
9 Blockchain market, by vertical sector
9.1 Introduction
9.2 Banking, financial and insurance services
9.2.1 Increase the need to protect business transactions to drive demand for blockchain in the BFSI vertical
9.3 Government
9.3.1 Government agencies are implementing Blockchain applications to improve transparency and efficiency in operations
9.4 Health and life sciences
9.4.1 The health and life sciences sector for the distribution of blockchain applications to address the security and privacy challenges of medical data
9.5 Media and entertainment
9.5.1 Vertical of the media and entertainment industry to integrate blockchain technology with complex digital rights management systems to make data easily accessible
9.6 Retail and electronic commerce
9.6.1 The need to improve the customer experience by guiding the adoption of blockchain in retail and in vertical e-commerce
9.7 Travel and hospitality
9.7.1 Increase the need for Blockchain applications through Travel and Hospitality startups to manage internal processes and inventories
9.8 Transportation and logistics
9.8.1 Need for Blockchain technology to maintain the transparency and security of goods and raw materials through the transport and vertical logistics sector
9.9 Real estate
9.9.1 Vertical real estate industry adopts blockchain applications to eliminate the tedious paperwork involved in the land registry and property
9.10 IT and telecommunications
9.10.1 IoT and 5g to create great market opportunities for Blockchain in IT and vertical telecommunications
9.11 Energy and utility
9.11.1 Request for Blockchain in the energy balance and utilities to synchronize the energy distribution
9.12 others
10 Blockchain market, by region
10.1 Introduction
10.2 North America
10.2.1 United States
10.2.1.1 The presence of a large number of vendors and the growing need to simplify business processes lead to the highest market share of the United States in the Blockchain market
10.2.2 Canada
10.2.2.1 Adoption of Blockchain applications to increase the vertical BFSI, Government and Retail and E-commerce Industry in Canada
10.3 Europe
10.3.1 UK
10.3.1.1 Initiatives by the British government to strengthen the growth of the blockchain market
10.3.2 Germany
10.3.2.1 Growth in Blockchain pilot projects for various Blockchain applications throughout Germany
10.3.3 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 Increase the trend of smartphone with blockchain technology throughout China
10.4.2 India
10.4.2.1 Growth in the Blockchain startup ecosystem throughout India
10.4.3 Australia is New Zeland
10.4.3.1 Exchange Proliferation, Smart Contracts, Digital Identities and Payment Applications to Drive Anz Blockchain Market Growth
10.4.4 Rest of Asia Pacific
10.5 Middle East is Africa
10.5.1 Middle East
10.5.1.1 Government initiatives throughout Dubai to strengthen the growth of the Blockchain market
10.5.2 Africa
10.5.2.1 Need to provide faster transactions between the public and private sectors to drive Blockchain market growth Africa
10.6 Latin America
10.6.1 Brazil
10.6.1.1 Integration of Blockchain technology with the application of digital identity to fuel the growth of the Blockchain market in Brazil
10.6.2 Mexico
10.6.2.1 Government initiatives to use Blockchain technology in Digital Voting to provide security and transparency in the electoral process
10.6.3 Rest of Latin America
11 Competitive landscape
11.1 Overview
11.2 Competitive scenario
11.2.1 Partnerships, agreements and collaborations
11.2.2 Launch of new products / Product improvements
11.2.3 Mergers and acquisitions
11.2.4 Company expansion
12 company profiles
12.1 Introduction
12.2 IBM
12.3 AWS
12.4 Microsoft
12.5 SAP
12.6 Intel
12.7 Oracle
12.8 Bitfury
12.9 Cegeka
12.10 Earthport
12.11 Guardtime
12.12 Asset of digital resources
12.13 Chain
12.14 Huawei
12.15 Blockcypher
12.16 Symbiont
12.17 Bigchaindb
12.18 Blockchain applied
12.19 Recordskeeper
12.20 Blocking
12.21 Auxesis Group
12.22 BTL Group
12.23 Blockchain Foundry
12.24 Alphapoint
12.25 Factom
12.26 Spinsys
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