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Blockchain Market to 2027 - Global Analysis and Forecasts by Application; Industry VerticalNEW YORK, June 26, 2019 /PRNewswire/ -- The global blockchain market was valued at US$ 1.57 Bn in 2018 and is expected to reach US$ 162.84 Bn by 2027 with a CAGR growth rate of 68.1% in the forecast period from 2019 to 2027. As use cases associated with Blockchain and areas of demand have risen, startups have adopted blockchain technology to meet growing consumer demands. Blockchain technology helps in reducing documentation and compliance costs. North America holds the majority revenue share in the global blockchain market.The fast growth and adoption in North America is primarily driven by the growing demand of blockchain solutions from various industries such as BFSI, Retail, Government, Transportation and Logistics, Healthcare, Automotive, and Media & Entertainment. With big market players such as IBM, Microsoft, and Accenture, a large number of start-ups are also entering the blockchain marketplace to develop innovative Blockchain based solutions and services.These start-ups, further, receiving a considerable amount of funding from the investors. Growing regions such as Asia Pacific, Middle East, Africa, and South America are also anticipated to offer significant growth opportunities for the global blockchain market in the forecast period from 2019 to 2027 owing to the supportive government initiatives. Read the full report: https://www.reportlinker.com/p05783109/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/blockchain-market-to-2027---global-analysis-and-forecasts-by-application-industry-vertical-300875648.html SOURCE Reportlinker |