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Blockchain Market to Expand at 80.8% CAGR through 2031 | SkyQuest TechnologyWESTFORD, Mass., April 24, 2024 /PRNewswire/ -- SkyQuest projects that the Blockchain Market will attain a value of USD 1.3 trillion by 2031, with a CAGR of 80.8% over the forecast period (2024-2031). Blockchain refers to a method of recording information in a decentralized manner so that it cannot be hacked or manipulated across a network. Growing demand for decentralized finance around the world and increasing focus on improving the security of digital transactions are key factors driving the demand for blockchain over the coming years. Download a detailed overview: https://www.skyquestt.com/report/blockchain-market Browse in-depth TOC on "Blockchain Market"
Blockchain Market Overview:
Large Enterprises to Dominate Adoption of Blockchain Due to High Capital Expenditure The majority of large enterprises are projected to adopt Blockchain technologies and solutions in some or the other form. These enterprises have high budgets and capital spending potential, which helps them invest in the development of a novel Blockchain platform and infrastructure for themselves, allowing this segment to dominate the market. SMEs Emerge as Fastest-growing Segment Owing to Rising Awareness Regarding Blockchain Benefits Small and medium enterprises (SMEs) are slated to witness the fastest adoption of blockchain technologies and solutions in the future. Increasing availability of cost-effective and scalable blockchain solutions around the world is slated to promote blockchain market growth via this segment. SMEs are also increasing their competitiveness with the adoption of Blockchain solutions. Presence of Key Blockchain Tech Providers Allows North America to Dominate the Market North America is projected to account for a substantial share of the global blockchain market owing to the presence of key blockchain companies and the rapid adoption of advanced technologies. Established IT infrastructure in this region is also a major contributor to blockchain market growth in this region. The United States is estimated to lead blockchain adoption in North America going forward. Request Free Customization of this report: https://www.skyquestt.com/speak-with-analyst/blockchain-market Blockchain Market Insights: Drivers
Restraints
Prominent Players in Blockchain Market
View report summary and Table of Contents (TOC): https://www.skyquestt.com/report/blockchain-market Key Questions Answered in Blockchain Market Report
This report provides the following insights:
Related Reports: Global Blockchain Technology in Healthcare Market Global Blockchain In Manufacturing Market Global Blockchain as a Service Market Global Fintech Blockchain Market Global Electronic Data Interchange (EDI) Software Market About Us: SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology. We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific. Contact: Mr. Jagraj Singh
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