The global blockchain technology market is likely to grow at a substantial CAGR over the forecast period from 2020 to 2027. Rising demand for blockchain to streamline business processes and for supply chain management applications are vital factors estimated to power the global blockchain technology market. The viability of blockchain technology depends on its actual ability to serve socio-economic development. Through technological innovation, this technology is truly applied to multiple life and production scenarios and helps solve practical socio-economic development problems. It is the future for maintaining blockchain technology and the key to a healthy development of the industry.
Get a sample copy of this report at: https://www.reportsweb.com/inquiry&RW00013700581/sample
Major players in the Blockchain technology market:
IBM Corporation, Microsoft Corporation, Linux Foundation, BTL Group, R3, Chain Inc., Circle Internet Financial Limited, Deloitte, Global Arena Holding, Inc. (GAHI), Ripple, Post-Trade Distributed Ledger, Eric Industries D-Wave Systems Inc ., Alphapoint, Asta Solutions Pty Ltd., Bacoor, Inc., Digiledge, Digital Asset Holdings, Exioms Technology Pvt. Ltd, Hewlett Packard Enterprises (HPE)
Furthermore, blockchain technology has the characteristics of centralization, immutability, traceability, openness and transparency. In the field of utility bills and supply chain finance, blockchain can help reduce human intervention, reduce costs and operational risks. Blockchain’s point-to-point value transfer method eliminates the intervention of intermediaries, requires no specific physical notes or central system audit verification, and solves industry pain points caused by illegal operations and human operations. Furthermore, the growing applications for blockchain in payments, exchanges, documentation and digital identities will boost the global blockchain market in the coming periods.
In addition, the growing demand for SMEs to streamline business processes and achieve greater efficiency, the SME sector is expected to contribute to the market share of blockchain technology over the forecast period. Furthermore, the financial sector is one of the areas with the most exceptional application potential of blockchain technology and digital currencies have become the center of global attention. Huge investments by various governments in blockchain technology, such as the South Korean government’s investment of millions of dollars in blockchain in various segments such as online voting, real estate, documentation, shipping logistics, customs clearance and livestock records management, will push the market. blockchain.
Get a discount for this report @ https://www.reportsweb.com/inquiry&RW00013700581/discount
Reason for purchase
- Save and reduce time in basic research by identifying the growth, size, major players and segments in the global Blockchain technology market
- Highlight key business priorities to help companies realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Blockchain Technology Market, thereby allowing players to develop effective long-term strategies.
- Develop / modify business expansion plans using a substantial growth offering in developed and emerging markets.
- It thoroughly examines the trends and outlook of the global market along with the factors driving the market as well as those hindering it.
- Improve decision making by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
About ReportsWeb:
ReportsWeb.com is a one-stop shop for market research reports and solutions for various companies around the world. We help our clients in their decision support system by helping them choose the most relevant and cost-effective reports and search solutions from various publishers. We provide best-in-class customer service and our customer support team is always available to help you with your research questions.
Contact us:
Call: + 1-646-491-9876
E-mail: [email protected]
