Blockchain Market by Platform (Public, Private, Consortium), by Application (Payments, Transactions, Others), by End-User (BFSI, Healthcare, Government, Others), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America,) – Global Forecast (2019 to 2027)

BLOCKCHAIN MARKET: Summary

The Global Blockchain Market is projected to reach a value of over USD 203.2 Billion by 2027 at a CAGR of around 76.5%.

Blockchain is an emerging technology which have potential to impact many sectors as it increases efficiency, cut down costs, and stimulates transparency in the organization. Blockchain is a tamperproof digital ledger executed in a distributed manner and without any centralized authority. It allows a group of users to register transactions in a distributed ledger within the group. There are numerous blocks in the ledger, each block contains block header that have metadata about the block and block data that have transaction related data. Excluding the first block in the chain, all other blocks have a cryptographic link to the previous block.

BLOCKCHAIN MARKET: Drivers & CHALLENGES

Market Driver:

  • Growing Demand of Smart Contracts

Smart contracts automatize the procedure of contracts which reduces the interactions of the parties, and also the cost related to administration. The smart contracts are gaining traction in public and private sector because of the feature of peer-to-peer operation on public platform, also it improves the efficiency and transparency in the operational activities of the organization. Other important features of the smart contracts compelling its demand are flexibility, legality and enhanced security. Adoption of smart cards can be observed in legal industry, shipping and logistics, real estates, and others.   

Hence, growing demand of smart contracts can be a contributing factor in the growth of the blockchain market, during the forecast period.  

Market Challenge:

  • Security Concern

The significant issue in the adoption of blockchain is the security concern of the data recorded in the blockchain. The transactions recorded in the blockchain does not have any centralized authority to keep an eye on the transactions which intensifies the risk of the cyber-attack on the data. Another security issue with the blockchain is 51% Attack. In this attack a community of miners attacks on the blockchain and tries to control more than 50% of the mining hash rate of the network. As the majority of the control of chain will be under miners they can interfere in the recording of the upcoming transactions and this could lead to loss of confidential data.

Hence, security concern can be a limiting factor in the growth of the blockchain market, during the forecast period.

Blockchain market: Key segments

  • Segmentation based on platform: Public, Private, and Consortium
  • Segmentation based on consensus type: Proof of Work (PoW), Proof of Stake (PoS), Delegated Proof of Stake (DPoS), and Others
  • Segmentation based on deployment: On-premises and On-cloud
  • Segmentation based on provider: Infrastructure Provider, Middleware, and Application
  • Segmentation based on application: Payments, Transactions, Supply Chain Management, Digital IDs and Others
  • Segmentation based on end-users: BFSI, Government, Healthcare, Media and Entertainment, Advertising, and Others.
  • Segmentation based on region covers: North America, South America, Europe, Asia-Pacific, and Middle East & Africa with individual country-level analysis.

Blockchain MARKET: Report SCOPE

The report on the blockchain market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2018-2027

Base Year for Market Calculation

2019

Forecasted Period

2020-2027 (2020 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

Platform, Consensus Type, Deployment, Provider Application, End-users, and Region

Regional Coverage

North America, South America, Asia-Pacific, Europe, Middle East & Africa

KEY Companies Covered

  • IBM (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Microsoft
  • Alibaba Group
  • Intel Corporation
  • Oracle
  • Amazon.com
  • SAP SE
  • Bitfury
  • Fujitsu
  • Mastercard
  • Other Key Companies

Blockchain MARKET: report segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Blockchain Market, by Platform

  • Public
  • Private
  • Consortium

Blockchain Market, by Consensus Type

  • Proof of Work (PoW)
  • Proof of Stake (PoS)
  • Delegated Proof of Stake (DPoS)
  • Others

Blockchain Market, by Deployment

  • On-premises
  • On-cloud

Blockchain Market, by Provider

  • Infrastructure Provider
  • Middleware
  • Application

Blockchain Market, by Application

  • Payments
  • Transactions
  • Supply Chain Management
  • Digital IDs
  • Others

Blockchain Market, by End User

  • BFSI
  • Government
  • Healthcare
  • Media and Entertainment
  • Advertising
  • Others

Blockchain Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • Singapore
    • Australia
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions answered by the report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Blockchain Market Providers
  • Blockchain Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Blockchain Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE BLOCKCHAIN MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Growing Demand for Smart Contracts
    3. Opportunities
      1. Collaborating Internet of Things (IoT) with Blockchain
    4. Challenges
      1. Security Concerns
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL BLOCKCHAIN MARKET BY PLATFORM, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Public
    3. Private
    4. Consortium
  7. GLOBAL BLOCKCHAIN MARKET BY CONSENSUS TYPE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Proof of Work (PoW)
    3. Proof of Stake (PoS)
    4. Delegated Proof of Stake (DPoS)
    5. Others
  8. GLOBAL BLOCKCHAIN MARKET BY DEPLOYEMENT, Market Size in USD Million (2019-2027)
    1. Introduction
    2. On-premises
    3. On-cloud
  9. GLOBAL BLOCKCHAIN MARKET BY PROVIDER, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Infrastructure Provider
    3. Middleware
    4. Application
  10. GLOBAL BLOCKCHAIN MARKET BY APPLICATION, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Payments
    3. Transactions
    4. Supply Chain Management
    5. Digital IDs
    6. Others
  11. GLOBAL BLOCKCHAIN MARKET BY END-USER, Market Size in USD Million (2019-2027)
    1. Introduction
    2. BFSI
    3. Government
    4. Healthcare
    5. Media and Entertainment
    6. Advertising
    7. Others
  12. GLOBAL BLOCKCHAIN MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Singapore
      5. Australia
      6. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  13. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  14. COMPANY PROFILES
    1. IBM  
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Microsoft
    3. Alibaba Group
    4. Intel Corporation
    5. Oracle
    6. Amazon.com
    7. SAP SE
    8. Bitfury
    9. Fujitsu
    10. Mastercard
    11. Other Key Companies
  15. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

 

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : ICT 055

Published : February, 2020


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