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Blockchain Technology Market to Value US$ 21,070.2 Mn at CAGR of 38.4% by 2025 | Exclusive Report by Fortune Business Insights

Key Companies Mentioned in Report are Oracle Corporation, Deloitte, Microsoft Corporation, IBM Corporation, The Linux Foundation, Chain Inc., Consensus Systems, Bits, Inc (Tendermint, Inc.), Schvey, Inc. (Axoni), VironIT, Altoros, and Fintech & Blockchain Software House among others.

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News provided by

Fortune Business Insights

23 May, 2019, 12:30 GMT

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PUNE, India, May 23, 2019 /PRNewswire/ -- The global Blockchain Technology Market is forecast to rise exponentially in the coming years The market is expected to witness high demand from diverse industries, especially the banking, financial services, and insurance (BFSI) industry, finds  Fortune Business Insights in a report, titled "Blockchain Technology Market Size, Share and Global Trend by Product Type (Vertical Solutions, Blockchain-as-a-Service), Deployment (Proof of Concept, Pilot, Production), Industry Vertical (BFSI, Energy & Utilities, Government, Healthcare and Life Sciences, Manufacturing, Telecom, Media & Entertainment, Retail & Consumer Goods, Travel and Transportation), and Geography Forecast till 2025." As per the report, the global Blockchain Technology Market will reach US$ 21,070.2 Mn by the end of 2025 as against US$ 1,640.7 Mn in 2017.  If these figures hold true, the global market will rise at a remarkable CAGR of 38.4%.  

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Blockchain Technology Market Size, Share and Global Industry Trend Forecast till 2025

In terms of industry vertical, the banking, financial services, and insurance segment held the leading share of 41% in global Blockchain Technology Market in 2017. The segment will gain further impetus following introduction of bitcoin. "Rampantly increasing cyber-attacks and frauds in the BFSI industry accounts for millions of dollars. This has become a global concern. To make the technology used in the industry safer and more secure, Deloitte and Microsoft Azure and other tech giants are offering blockchain services," said a lead analyst.

Sample Pages: https://www.fortunebusinessinsights.com/enquiry/sample/blockchain-technology-market-100072

In terms of deployment, the proof of concept segment is gaining traction and is expected to witness impressive growth during the forecast period 2018-2025. Growth witnessed in this segment is backed by high need of transparent transaction across industries such as healthcare, retail and BFSI.

Increasing Demand for Secure Blockchain Technology to Guarantee Growth at Promising Rate

"Government initiated awareness programs regarding benefits of blockchain technology among undeveloped nations is anticipated to fuel the demand in the global Blockchain Technology Market, said a lead analyst at Fortune Business Insights.

Increasing adoption of e-financial services and rapid adoption of the blockchain technology in developed nations are expected to drive the global Blockchain Technology Market during the forecast period.

Increasing number of new blockchain products and their approval grants is also anticipated to act as a driving factor for the global Blockchain Technology Market.

Partnerships Among Key Market Players and Blockchain Developers Driving the Market in North America

North America emerged dominant in the global Blockchain Technology Market in 2017. The North America market was worth US$ 820 Mn in 2017. The region will continue leading the market at a global level through the forecast period. Growth witnessed in the market is also attributable to recent collaborations between market players in the U.S. and blockchain service provides. Europe is also anticipated to witness impressive growth during the forecast period owing to high presence of blockchain technology developers.

Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/blockchain-technology-market-100072

Key Companies Covered in The Reports

  • Oracle Corporation
  • Deloitte
  • Microsoft Corporation
  • IBM Corporation
  • The Linux Foundation, Chain Inc.
  • Consensus Systems
  • Bits, Inc (Tendermint, Inc.)
  • Schvey, Inc. (Axoni)
  • VironIT
  • Altoros
  • Fintech & Blockchain Software House

Browse Complete Report Details Enabled with Complete Tables and Figures:

https://www.fortunebusinessinsights.com/industry-reports/blockchain-technology-market-100072

Major Table of Contents

  • Market Dynamics
  • Key Insights
  • Global Blockchain Technology Market Analysis, Insights and Forecast, 2014-2025
    • Definitions
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Product
      • Vertical Solutions
      • Blockchain-as-a-Service
    • Market Analysis, Insights and Forecast – By Deployment
      • Proof of Concept
      • Pilot
      • Production
    • Market Analysis, Insights and Forecast – By Industry Vertical
      • BFSI
      • Energy& Utilities
      • Government
      • Healthcare and Life Sciences
      • Manufacturing
      • Telecom, Media & Entertainment
      • Retail& Consumer Goods
      • Travel and Transportation
      • Others
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
  • Competitive Landscape
  • Company Profile

Request for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/blockchain-technology-market-100072

Browse Related Reports:

1. The Global Push-To-Talk (PTT) Market, which was valued at US$ 26.8 Bn in 2017, is projected to reach US$ 45.54 Bn by the end of 2025, exhibiting a CAGR of 7.0%.

Software companies are investing increasingly in the development of innovative applications to provide customers get reliable and enhanced push-to-talk device. Hardware companies are focusing more on the sustainability and durability of such devices to function for long durations.

2. The Global Mobile Virtual Network Operators (MVNO) Market, which was valued at US$ 62.5 Bn in 2017, is projected to reach US$ 113.9 Bn by the end of 2025, exhibiting a CAGR of 7.8%.

The global mobile virtual network operators market is expanding and witnessing entry of new players. Key market players are adapting strategies to strengthen their market position.

About us:

Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact us:

Fortune Business Insights Pvt. Ltd. 
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
US :+1-424-253-0390
UK :+44-2071-939123
APAC :+91-744-740-1245
Email: sales@fortunebusinessinsights.com

Website: https://www.fortunebusinessinsights.com

Logo: https://mma.prnewswire.com/media/881202/Fortune_Business_Insights_Logo.jpg  
Photo: https://mma.prnewswire.com/media/891929/BLOCKCHAIN_TECHNOLOGY.jpg

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