Blockchain Distributed Ledger Market By Type And End User, 2023
Global Opportunity Analysis And Industry Forecast, 2017-2023
Blockchain Distributed Ledger Market Overview:
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The global blockchain distributed ledger market accounted for $228 million in 2016, and is anticipated to reach $5,430 million by 2023, growing at a CAGR of 57.6% from 2017 to 2023.
Download Sample Report: Blockchain distributed ledger is a medium of exchange formed and stored electronically, using encryption methods to regulate the creation of financial units and to verify the transfer of funds. All the blockchain ledgers are created by private individuals, organizations, or firms. The blockchain distributed ledger market has evolved intermittently and at a significant rate during the past few years. The majority of blockchain distributed ledger industry is currently focused on cryptocurrencies rather than a more diverse range of applications. Growth in adoption of this technology in the financial services sector and anticipated adoption across the public & government sectors are expected to fuel the market growth. Blockchain data is complete, consistent, timely, accurate, and widely available.
Market Segmentation
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Regional scenario •
Based on region, North America is expected to dominate the market during the forecast period, due to the presence of key companies in the region. Moreover, advancements in internet payment options are expected to boost the growth, especially in the Asian countries such as China, Japan, South Korea, and India. In 2016, North America emerged as the most-lucrative market for blockchain distributed ledger, due to the extensive adoption of this technology in the BFSI and retail & e-commerce sectors.
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UK and Germany collectively accounted for about 54.4% share of the Europe blockchain distributed ledger market in 2016.
Competition analysis •
Competitive analysis and profiles of the major market players such as Chain Inc., IBM Corporation, Accenture PLC, Eris Industries, Intel Corporation, Deloitte, Blockchain Tech Ltd., Microsoft Corporation, Digital Asset Holdings, and Earthport is provided in this report.
Key Benefits For Blockchain Distributed Ledger Market:
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The study provides an in-depth analysis of the global blockchain distributed ledger market to elucidate the prominent investment pockets.
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A comprehensive analysis of the factors that drive and restrict the blockchain distributed ledger market growth is provided.
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The report provides extensive and qualitative blockchain distributed ledger market analysis on the significant segments or regions.
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The report provides information about key drivers, restraints, and opportunities along with the blockchain distributed ledger market forecast.
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The market is analyzed based on various regions, namely, North America, Europe, Asia-Pacific, and LAMEA along with the blockchain distributed ledger market size.
Blockchain Distributed Ledger Key Market Segments: By Type • Private Blockchain • Public Blockchain
By End User • • • • • •
Government BFSI Automotive Retail & e-Commerce Media & Entertainment Others
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By Geography
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North America
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• U.S. • Mexico • Canada
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Europe • UK • Germany • France
• Rest of Europe
Asia-Pacific
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China Japan India Rest of AsiaPacific
LAMEA • Latin
America • Middle East • Africa
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