The global Blockchain market is forecast to reach USD 60.12 Billion by 2026, according to a new report by Reports and Data. Blockchain brings digital technology into real-time computing systems management. The market has the ability to change aspects of digital technology, which includes the method of conducting business, enhancing education, delivering healthcare, shopping, learning, social media, and entertainment.
Blockchain has further evolved and aids in the conduction of financial transactions. Increase in cashless payments, credit and debit cards, and card-based payment methods are dominating the market. Blockchain supports these changes by increasing the transaction processing speed and providing greater efficiency in real-time processing.
Blockchain offers a sturdy environment for sharing data in a secure way in real-time. The technology provides enhanced security to the real-time digital economic process. Blockchain in retail industries is being used by Walmart and Visa. They are using blockchain to streamline the supply chain, speed-up payments, and store records.
Blockchain significantly decreases cost by removing the “middleman” in digital marketing. In the case of search engine marketing through blockchain, website owners can save cost by removing the need for Google or Facebook or any other intermediaries.
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Some of the players profiled in the report are IBM, Microsoft, SAP, Oracle, Symbiont, Huawei, Blockpoint, BTL Group, Factom, and Earthport, among others.
The Global Blockchain Market is segmented as follows:
Provider Outlook (Revenue, USD Billion; 2016-2026)
- Application Providers
- Middleware Providers
- Infrastructure Providers
Application Outlook (Revenue, USD Billion; 2016-2026)
- Payments
- Exchanges
- Smart Contracts
- Documentation
- Digital Identity
- Supply Chain Management
- Others
Organization Size Outlook (Revenue, USD Billion; 2016-2026)
- Small and Medium-Sized Enterprises
- Large Enterprises
Vertical Outlook (Revenue, USD Billion; 2016-2026)
- Government
- IT & Telecommunications
- Healthcare
- BFSI
- Real Estate
- Retail and Ecommerce
- Media and Entertainment
- Transportation and Logistics
- Energy and Utilities
- Others
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Market Segmentation by Regions:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered by the Report:
- Which market segment or sub-segment is expected to grow at the highest CAGR during the forecast timeline?
- What is the forecast valuation of the Blockchain market?
- Who are the leading players in the industry? What are the weaknesses and strengths of these players?
- What are the strategic business steps and initiatives taken by the key competitors in the industry?
- What region is expected to dominate the market in the forecast period?
To know more about the report, visit @ https://www.reportsanddata.com/report-detail/blockchain-market
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