Insights on the Blockchain Global Market to 2026 - Increasing Venture Capital Investment in Blockchain Presents Opportunities
DUBLIN, Oct. 15, 2021 /PRNewswire/ -- The "Global Blockchain Market (2021-2026) by Component, Provider, Type, Organization Size, Deployment, Application, Industry, Geography, Competitive Analysis and the Impact of COVID-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Blockchain Market is estimated to be USD 5.3 Bn in 2021 and is expected to reach USD 34 Bn by 2026, growing at a CAGR of 45%.
Key factors such as the rise of Blockchain as a Service (BaaS) that allows the customer to utilize cloud-based solutions for building and hosting their blockchain apps is a prominent driver for blockchain technology. Also, there has been a rising acceptance of cryptocurrencies, which has further fuelled the growth of the market. The adoption of blockchain technology, especially in the financial services sector, is broad because it can reduce the transaction processing time, thus reducing the complexities involved in a transaction, accelerating the growth of the market.
The high initial costs involved in setting up the process and operations, the stringent regulatory requirements in different countries, limited availability of technical skillsets for implementing the blockchain technology can be restraining factors for the growth of the market.
Market Dynamics
Drivers
- Increasing Adoption of Blockchain as a Service(BaaS)
- Increasing Merchants Accepting Cryptocurrencies
- Growing Need for Simplifying Business Processes
- Need for Increased Transparency and Faster Financial Transactions
Restraints
- Blockchain Laws & Regulations
- High Initial Costs
Opportunities
- Increasing Adoption of Blockchain Technology in IoT & Cyber-Security
- Increasing Venture Capital Investment in Blockchain
- Rising Adoption of Blockchain for Payments
- Government Investments in Blockchain Technology Development Projects
Challenges
- Data Safety & Security
- Integration with the Existing Applications
Company Profiles
Some of the companies covered in this report are IBM Corporation, Microsoft Corporation, Linux Foundation, R3 Technologies Inc., BTL Group, Chain Inc., Deloitte, Circle Internet Financial Limited, Global Arena Holding, Inc. (GAHI), and Ripple, etc.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in markt share, etc.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Blockchain Market.
- The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
- The report also contains the competitive analysis using IGR Positioning Quadrants, Infogence's Proprietary competitive positioning tool.
Report Highlights:
- A complete analysis of the market including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Key Topics Covered:
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Overview 4.1 Introduction 4.2 Market Dynamics 4.2.1 Drivers 4.2.2 Restraints 4.2.3 Opportunities 4.2.4 Challenges 4.3 Trends
5 Market Analysis 5.1 Porter's Five Forces Analysis 5.2 Impact of COVID-19 5.3 Ansoff Matrix Analysis
6 Global Blockchain Market, By Component 6.1 Introduction 6.2 Platform 6.3 Services 6.3.1 Technology Advisory and Consulting Services 6.3.2 Development and Integration Services 6.3.3 Support and Maintenance
7 Global Blockchain Market, By Provider 7.1 Introduction 7.2 Application Providers 7.3 Middleware Providers 7.4 Infrastructure Providers
8 Global Blockchain Market, By Type 8.1 Introduction 8.2 Private 8.3 Public 8.4 Hybrid
9 Global Blockchain Market, By Organization Size 9.1 Introduction 9.2 Large Enterprises 9.3 Small and Medium-Size Enterprises
10 Global Blockchain Market, By Deployment 10.1 Introduction 10.2 Proof of Concept 10.3 Production
11 Global Blockchain Market, By Application 11.1 Introduction 11.2 Digital Identity 11.3 Payments 11.4 Smart Contract 11.5 Supply Chain Management 11.6 Others (Exchange, Documentation)
12 Global Blockchain Market, By Industry 12.1 Introduction 12.2 Transportation and Logistics 12.3 Agriculture and Food 12.4 Manufacturing 12.5 Energy and Utilities 12.6 Healthcare and Life Sciences 12.7 Media, Advertising, and Entertainment 12.8 Banking and Financial Services 12.9 Insurance 12.10 IT and Telecom 12.11 Retail and e-commerce 12.12 Government 12.13 Others (Travel and hospitality, education, real estate and construction, and mining)
13 Global Blockchain Market, By Geography 13.1 Introduction 13.2 North America 13.2.1 US 13.2.2 Canada 13.2.3 Mexico 13.3 South America 13.3.1 Brazil 13.3.2 Argentina 13.4 Europe 13.4.1 UK 13.4.2 France 13.4.3 Germany 13.4.4 Italy 13.4.5 Spain 13.4.6 Rest of Europe 13.5 Asia-Pacific 13.5.1 China 13.5.2 Japan 13.5.3 India 13.5.4 Indonesia 13.5.5 Malaysia 13.5.6 South Korea 13.5.7 Australia 13.5.8 Russia 13.5.9 Rest of APAC 13.6 Rest of the World 13.6.1 Qatar 13.6.2 Saudi Arabia 13.6.3 South Africa 13.6.4 United Arab Emirates 13.6.5 Latin America
14 Competitive Landscape 14.1 Competitive Quadrants 14.2 Market Share Analysis 14.3 Competitive Scenario 14.3.1 Mergers & Acquisitions 14.3.2 Agreements, Collaborations, & Partnerships 14.3.3 New Product Launches & Enhancements 14.3.4 Investments & Fundings
15 Company Profiles 15.1 Alphapoint 15.2 Amazon Web Services, Inc. 15.3 Asta Solutions Pty Ltd. 15.4 Bacoor, Inc. 15.5 Chain, Inc 15.6 Coinbase, Inc. 15.7 Digiledge 15.8 Digital Asset Holdings, LLC 15.9 Earthport 15.10 Exioms Technology Pvt. Ltd. 15.11 Hewlett Packard Enterprises (HPE) 15.12 Huobi 15.13 IBM Corporation 15.14 Microsoft Corporation 15.15 Paystand 15.16 Peer Ledger 15.17 R3 Technology Inc 15.18 SAP SE 15.19 SimplyFi SofTech India Pvt. Ltd 15.20 SmartMesh Foundation Pte. Ltd 15.21 BTL Group Ltd. 15.22 Circle Internet Financial Limited 15.23 Deloitte Touche Tohmatsu Limited 15.24 Global Arena Holding, Inc. (GAHI) 15.25 The Linux Foundation 15.26 Monax 15.27 Ripple 15.28 Oracle Corp 15.29 TCS 15.30 Leeway Hertz 15.31 Capgemini SE
16 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/5dlp6o
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