The global Blockchain Technology Market will be worth USD 111.58 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the rising adoption of blockchain technology in supply chain management. Blockchain technology help in the flow of information through multiple nodes, and it also helps in back-tracking the origin of the products. The blockchain technology can efficiently handle the tracking of the raw materials and enhance the transparency of the supply system.
Emergen research latest document, titled ‘Blockchain technology market Forecast to 2028,’ is one of the most sought-after market reports involving an in-depth analysis of the global Blockchain technology market. The report’s authors have offered necessary details on the latest Blockchain technology market trends and the crucial parameters impacting both short-term and long-term market growth.
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The purpose of the global Blockchain technology market research report is to provide substantial information about key segments and the competitive landscape of the Blockchain technology market report. The report comprises an analysis of the Blockchain technology market, regional bifurcation, competing factors, and other crucial segments. The report aims to provide a determining analysis of the market competition to help the user make pivotal business decisions.
Main Objectives of the Blockchain technology market Report:
- To screen and identify opportunities and limitations for the Blockchain technology market on a global level
- To provide information about factors driving or restraining the market growth
- Analysis of the competitive players of the market along with the company overview, product portfolios, and revenue estimation
- To provide insight into the Blockchain technology market size and future prospects based on regional bifurcation
- To provide a detailed analysis of the market segments and sub-segments of the global Blockchain technology market
Browse Detailed Summary of Research Report @https://www.emergenresearch.com/industry-report/blockchain-technology-market
Key Highlights From The Report
- In November 2019, Coke One North America (CONA) acquired the blockchain technology of SAP. The acquisition was performed to streamline the supply chain processes between the 70 franchised bottling companies, and it also increased efficiency and transparency of the CONA’s complex production line.
- The private segment held the largest market share of 46.6% in 2019, as it is more centralized in nature than the public blockchain. Moreover, private blockchain can process faster transactions and are also far more scalable.
- Small & Medium enterprises are forecasted to grow with the fastest CAGR of 68.0% over the forecast period as more number of startups are adopting blockchain technology.
- The Infrastructure segment held the largest market share of the blockchain technology in 2019 due to the increasing demand for the blockchain protocol such as Openchain, Ethereum, BigChainDB, and Hyperledger.
The report further offers an in-depth analysis of the key competitors of the market along with their product portfolio, financial standing, production and manufacturing capacity, expansion plans, strategic alliances such as mergers and acquisitions, and market position.
Emergen Research has segmented the global Blockchain Technology Market on the basis of Type, Enterprise size, Provider, Application, and region:
- Type Outlook (Revenue, USD Billion; 2017-2027)
- Enterprise size Outlook (Revenue, USD Billion; 2017-2027)
- Small & Medium Enterprises
- Large Enterprises
- Provider Outlook (Revenue, USD Billion; 2017-2027)
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Banking and Financial services
- Healthcare and Life sciences
- Transportation and Logistics
- Retail and eCommerce
According to the regions, the market is primarily segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further predicts the regions expected to dominate the market in the upcoming years and provides an insight into the estimated share and CAGR for the forecast period.
The Global Blockchain technology market is formulated through extensive primary and secondary research, which is further validated and verified by industry experts and professionals. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. Moreover, the report also offers a feasibility study and investment return analysis to assist the readers in making strategic investment plans.
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