Block Chain Technology Market to Register Strong Expansion and Growth by 2025- Credence Research

The latest market report published by Credence Research, Inc. “Block Chain Technology Market, By type (Private, Public and Consortium), By End-use industry (Banking, Financial Services, and Insurance (BFSI) and Non-Financial Services) By Application (Payments, Exchanges, Smart Contracts, Documentation, Digital Identity, and Others) and By Region (North America, Europe, Asia Pacific, Latin America, & Middle East & Africa) – Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” the global block chain technology market was valued at US$ 482.1 Mn in 2016, expanding at a CAGR of 55.5% from 2017 to 2025.

Browse the full Block Chain Technology market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025 report at http://www.credenceresearch.com/report/block-chain-technology-market

Market Insights

Block chain technology is one of the most promising upcoming technological trends in the information technology domain. It enables a ledger that can be accessed by parties involved in the transaction and can act as the universal irrefutable depository of all transactions between the involved parties.

The numerous benefits involved in developing such a platform have already attracted the attention and hence, investments, from the financial sector as well as many technological giants. Recent investments have been made in the technology by various financial institutions in association with key technology players to further improve the efficiency of the underlying financial processes and help minimize the risk. Not only does the technology hold the ability to disrupt the way the financial sector often works, but it will also have conclusive effects on non-financial industries including consumer goods, technology, and media & telecom, among others.

Competitive Insights

Market players present in the market are Microsoft Corporation (U.S.), IBM Corporation (U.S.), Deloitte (U.S.), Ripple (U.S.), Chain, Inc. (U.S.), Abra, Inc. (U.S.), BitFury (U.S.), Coinbase (U.S.), Circle Internet Financial Limited (U.S.), Digital Asset Holdings (U.S.), Blockchain Tech Ltd (Canada), Global Arena Holding, Inc. (U.S.), Digital CC Ltd (Australia), 21 Inc. (U.S.), and Earthport (U.K.). Stakeholders of the block chain technology market includes service providers, consulting firms, IT service providers, and technology providers.

By Application

  • Supply chain management
  • Governance, risk and compliance management
  • Payments
  • Exchanges
  • Smart contracts
  • Documentation
  • Digital identity
  • Others (digital voting and content storage management)

By Provider

  • Middleware provider
  • Infrastructure and protocol provider
  • Application and solution provider

By Organization Size

  • Large enterprises
  • Small and Medium-Sized Enterprises (SMEs)

Key Trends

  • Growing interest of the BFSI sector and increasing merchants accepting crypto currencies offers huge growth potential
  • Block chain technology powered by artificial intelligence is gaining huge traction
  • Uncertainty in regulatory status

Browse the full Block Chain Technology market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025 report at http://www.credenceresearch.com/report/block-chain-technology-market

Latest Reports:

Aircraft Evacuation Equipment Market: http://www.credenceresearch.com/report/aircraft-evacuation-equipment-market

Intraoperative Neuromonitoring Market :http://www.credenceresearch.com/report/intraoperative-neuromonitoring-market

About:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared for this task.

Blog:http://www.mobilecomputingtoday.co.uk/6654/block-chain-technology-market-expected-reach-25-63-2025-credence-research/

Media Contact
Name: Chris Smith
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US
E-mail: sales@credenceresearch.com
Ph: 1-800-361-8290
Web: http://www.credenceresearch.com

Be the first to comment

Leave a Reply

Your email address will not be published.


*