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Blockchain Technology Market 2020| Industry Analysis, Size, Share, Growth by 2025

Author : Ronak Bora | Published Date : 2020-08-20 

Blockchain technology market trends are poised to disrupt end-users, including financial services, government, healthcare, media and consumer market in the wake of increased interest and investment by stakeholders. Of late, data has unveiled itself as a bedrock of the future industrial space. Emerging technologies such as blockchain have allowed organization to drive business value throughout their supply networks. Nevertheless, the integrity of data in the blockchain enables stakeholders to vouch for transactions.

Blockchain has boosted identity management framework as it helps organizations do away with collecting and storing every identity data attribute. In the same vein, identity fraud is eliminated by the fact that blockchain withstands tampering. The sheer impact of data privacy and the immutability of blockchain have propelled the evolution of blockchain identity. It appears regulatory watchdogs have stepped in to address the data identity. Notwithstanding reforms such as GDPR and the EU cookie regulation have fostered identity data, it is the emergence of blockchain technology that data is inaccessible to others and virtually tamper-proof. 

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Blockchain technology market is expected to exceed USD 25 billion by 2025. The blockchain technology is driving the digital revolution of enterprises explicitly with the digitization of processes, automation, tokenization of physical resources, and activities & codification of intricate contracts.

Some major findings of the blockchain market report include:

  • The blockchain technology market is estimated to propel over the forecast timeline due to several benefits offered by the technology such as reduction of duplicative recordkeeping, elimination of reconciliation, and validation of transactions
  • Blockchain technology improves efficiency, enhances transparency in the business, and eases business processes
  • Israeli startups are focusing on areas such as diamond registration, cybersecurity, cryptocurrencies, international shipping, and DNA data storage
  • Major players operating in the blockchain technology market are IBM Corporation, Microsoft Corporation, R3, and SAP SE
  • The new market entrants are raising funds from VCs, investors, and prominent industry leaders to increase their R&D spending
  • Supportive government initiatives and hefty funds are augmenting the demand for blockchain technology across the globe

 

Global blockchain technology market will be primarily driven by increasing adoption of the technology by financial organizations. Blockchain can significantly enhance the efficiency and reduce the cost of operation across several applications such as trade finance, documentation or KYC, collateral management, cross-border payment and identity management, which is anticipated to considerably boost the technology adoption in the coming years. 

Increasing industry penetration of cryptocurrency is also contributing towards the blockchain market growth. The cryptocurrency market has witnessed a staggering 300% increase in market capitalization recorded in 2017. Consequently, number of developers and business verticals have started exploring the potential of blockchain for various use-cases. Rising investments by venture capitalists in the technology is fueling the blockchain technology market trends over the forecast period.

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Infrastructure provider segment of blockchain technology market held 65% of the revenue share in 2017. Infrastructure providers design core software blocks which play a key role in the deployment of the network. Escalating demand for the blockchain standards and protocols is a crucial factor fostering the market growth. These standards and protocols help blockchain network and application developers in designing customized and distributed network for their clients.

Table of Contents (ToC) of the report:

Chapter 5. Global Blockchain Market, By Providers

5.1. Key trends, by providers

5.2. Infrastructure provider

5.2.1. Market estimates and forecast, 2016 - 2025

5.3. Application provider

5.3.1. Market estimates and forecast, 2016 - 2025

5.4. Operators

5.4.1. Market estimates and forecast, 2016 - 2025

Chapter 6. Global Blockchain Technology Market, By Application

6.1. Key trends, by application

6.2. Smart Contract

6.2.1. Market estimates and forecast, 2016 - 2025

6.3. Payments & Wallets

6.3.1. Market estimates and forecast, 2016 - 2025

6.4. Digital identity

6.4.1. Market estimates and forecast, 2016 - 2025

6.5. Documentation

6.5.1. Market estimates and forecast, 2016 - 2025

6.6. Exchanges

6.6.1. Market estimates and forecast, 2016 - 2025

6.7. Compliance & Risk Management

6.7.1. Market estimates and forecast, 2016 - 2025

6.8. Others

6.8.1. Market estimates and forecast, 2016 - 2025

Chapter 7. Global Blockchain Technology Market, By End-Use

7.1. Key trends, by end-use

7.2. BFSI

7.2.1. Market estimates and forecast, 2016 - 2025

7.3. Government

7.3.1. Market estimates and forecast, 2016 - 2025

7.4. Healthcare

7.4.1. Market estimates and forecast, 2016 - 2025

7.5. IT Service

7.5.1. Market estimates and forecast, 2016 - 2025

7.6. Media & entertainment

7.6.1. Market estimates and forecast, 2016 - 2025

7.7. Transportation & logistics

7.7.1. Market estimates and forecast, 2016 - 2025

7.8. Others

7.8.1. Market estimates and forecast, 2016 - 2025

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/blockchain-technology-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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