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.
Further key findings from the report suggest
- Organizations are nowadays deploying smart contracts to reduce cost and avoid fraud. These contracts deployed over blockchain guarantees that contract terms and conditions cannot be modified. The technology makes it nearly impossible for any third party to alter the contract. Smart contracts held the largest market share of ~24% in the year 2018.
- Supply chain management is forecasted to record the highest growth rate of 24.1% during the forecast period. Blockchain revolutionizes retail sector supply chain management by deploying real-time digital ledger of transactions and movements for all participants in their supply chain network. Benefits gained by this will save the company’s time and money, and redefine the way of business.
- Blockchain makes it possible for retail giants to create their own brand of currency for customers to claim rewards. It can also allow brands to share those loyalty points among themselves to reward their customers. Retail and e-commerce are forecasted to grow with a CAGR of 24.4% during the forecast period.
- Availability of resources and capital for the incorporation of new technologies are forecasted to drive the market growth in large enterprises. They held a larger market share of ~63% in the year 2018. High investment in research and development activities to build the best-fit technology to enhance the organization’s business is driving the market for blockchain.
- Small and medium-sized enterprises are forecasted to grow with a higher CAGR of 24.1% during the forecast period. With the fall in low infrastructure cost and growing transparency of the market, SMEs are expected to grow during the coming years.
- Infrastructure providers held a market share of ~37% in the year 2018, and application providers are forecasted to grow with a CAGR of 23.7% during the forecast period.
- North America held the largest market share of ~43% in the year 2018. The region emerged as the most attractive market for blockchain owing to the high adoption of technology in banking, financial services and insurance sector, and retail and e-commerce. The highly competitive market in the region owing to the presence of major key companies is also driving the market.
Key Companies included in the report: Key participants include IBM, Microsoft, SAP, Oracle, Symbiont, Huawei, Blockpoint, BTL Group, Factom, and Earthport, among others.
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Table of Contents
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
Chapter 4. Blockchain Market Segmentation & Impact Analysis
4.1. Blockchain Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Rapid adoption of digital technology
4.2.2.2. Rising trend of online payments
4.2.2.3. Growing popularity of crypto currency
4.2.3. Market restraints analysis
4.2.3.1. Dearth of skillset for the implementation of Blockchain
4.2.3.2. Security and privacy concerns
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
Chapter 5. Blockchain Market By Provider Insights & Trends
5.1. Provider Dynamics & Market Share, 2019 & 2026
5.2. Application Providers
5.2.1. Market estimates and forecast, 2016 – 2026 (USD Billion)
5.2.2. Market estimates and forecast, By Region, 2016 – 2026 (USD Billion)
5.3. Middleware Providers
5.3.1. Market estimates and forecast, 2016 – 2026 (USD Billion)
5.3.2. Market estimates and forecast, By Region, 2016 – 2026 (USD Billion)
5.4. Infrastructure Providers
5.4.1. Market estimates and forecast, 2016 – 2026 (USD Billion)
5.4.2. Market estimates and forecast, By Region, 2016 – 2026 (USD Billion)
Chapter 6. Blockchain Market By Application Insights & Trends
6.1. Application Dynamics & Market Share, 2019 & 2026
6.2. Payments
6.2.1. Market estimates and forecast, 2016 – 2026 (USD Billion)
6.2.2. Market estimates and forecast, By Region, 2016 – 2026 (USD Billion)
6.3. Exchanges
6.3.1. Market estimates and forecast, 2016 – 2026 (USD Billion)
6.3.2. Market estimates and forecast, By Region, 2016 – 2026 (USD Billion)
6.4. Smart Contracts
6.4.1. Market estimates and forecast, 2016 – 2026 (USD Billion)
6.4.2. Market estimates and forecast, By Region, 2016 – 2026 (USD Billion)
6.5. Documentation
6.5.1. Market estimates and forecast, 2016 – 2026 (USD Billion)
6.5.2. Market estimates and forecast, By Region, 2016 – 2026 (USD Billion)
6.6. Digital Identity
6.6.1. Market estimates and forecast, 2016 – 2026 (USD Billion)
6.6.2. Market estimates and forecast, By Region, 2016 – 2026 (USD Billion)
6.7. Supply Chain Management
6.7.1. Market estimates and forecast, 2016 – 2026 (USD Billion)
6.7.2. Market estimates and forecast, By Region, 2016 – 2026 (USD Billion)
6.8. Others
6.8.1. Market estimates and forecast, 2016 – 2026 (USD Billion)
6.8.2. Market estimates and forecast, By Region, 2016 – 2026 (USD Billion)
Continued…
The market research report offers a comprehensive analysis of the competitive landscape through a study of company profile overview, product portfolios, manufacturing and production capacity, market share and size, global position, financial standing, technological developments, and production and manufacturing capacity of the prominent players. It also focuses on key M&A activities, joint ventures, collaborations, product launches and brand promotions, government deals and agreements, and partnerships among others undertaken by the top companies operating in the market. The report also covers a SWOT analysis and Porter’s Five Forces analysis of key players to provide deeper insights into the competition scenario.
The report further segments the market into major geographical regions of the world including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The regions and their respective major countries are analyzed with regards to their revenue contribution, production and consumption patterns, import/export, demand and supply ratio, and presence of key companies located in each region.
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Regional analysis covers:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
Further, the report segments the Block chain market based on types and applications and offer insights into the key factors expected to influence revenue growth of the segment over the forecast period.
Block chain Market Segmentation by Type:
- Application Providers
- Middleware Providers
- Infrastructure Providers
Block chain Market Segmentation by Application:
- Payments
- Exchanges
- Smart Contracts
- Documentation
- Digital Identity
- Supply Chain Management
- Others
The report also offers strategic recommendations to the new players entering the market and gives them insights into how to tackle the entry level barriers. It also offers key insights to established players to fortify their presence in the market. The formulation of this report has been done through thorough primary and secondary research to offer a better understanding of the market size, market share, scope, challenges, trends, and growth prospects among the industry. The data has been further validated by industry experts, professionals, and research analysts.
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