Industrial Blockchain Technology Market Size worth $ 1.3 Trn by 2031, TMR Study
WILMINGTON, Del., Sept. 29, 2022 /PRNewswire/ -- In 2021, the value of global industrial blockchain technology market stood at US$ 3.80 Bn. The global market is anticipated to rise at 80.3% CAGR during the forecast period, from 2022 to 2031. By 2031, the global industrial blockchain technology market is likely to touch US$ 1.3 Trn. The numerous benefits provided by blockchain technology exert a favorable influence on the global industrial blockchain technology market. Industry-specific blockchain technology deployment is anticipated to overcome typical constraints including distribution channel access and product differentiation, which is expected to present growth opportunities to the leading companies in blockchain technology.
Due to their well-established financial and banking insurance industries, nations like the U.K. and the U.S. have a disproportionately large portion of the global market. Additionally, using the enterprise blockchain platform guarantees data dependability and offers undeniable safety to improve internal procedures. Additionally, recent developments in blockchain technology, such as emergence of blockchain-as-a-service and metaverse, as well as the growing acceptance of non-fungible tokens (NFTs), are anticipated to drive the global market.
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Key Findings of Market Report
Global Industrial Blockchain Technology Market: Growth Drivers
Global Industrial Blockchain Technology Market: Key Players
Some of the key market players are
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Global Industrial Blockchain Technology Market: Segmentation
Data Center Rack Market- Data Center Rack Market is expected to reach US$ 13.52 Bn by the end of 2031
Data Center Cooling Market- Data Center Cooling Market is expected to reach US$ 45.49 Bn by the end of 2031
Retail Analytics Market- Retail Analytics Market is expected to surpass the value of US$ 122.08 Bn by the end of 2031
Edge Computing Market- Edge Computing Market is expected to reach US$ 161.66 Bn by the end of 2031
Cloud Workload Protection Platform [CWPP] Market- The global cloud workload protection platform (CWPP) market is estimated to exceed value of US$ 22 Bn by 2030, expanding at a CAGR of ~25% during the forecast period
Telecommunication Market- Telecommunication market is projected to expand at a CAGR of ~5% from 2020 to 2030
Artificial Intelligence Market- Artificial intelligence market is expected to advance at an explosive CAGR of 29% during the assessment period.
Managed Security Services Market- Managed Security Services Market is expected to reach US$ 53.22 Bn by the end of 2031, expand at a CAGR of 14.2% from 2022 to 2031
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