LONDON–(BUSINESS WIRE)–Feb 3, 2021–
The blockchain technology market is expected to grow by USD 8.07 billion, progressing at a CAGR of over 29% during the forecast period.
Technavio has announced its latest market research report titled Global Blockchain Technology Market 2020-2024 (Graphic: Business Wire)
The increase in FinTech spending is one of the major factors propelling the market growth. However, factors such as network privacy and security concerns will hamper the market growth.
Blockchain Technology Market: End-user Landscape
Based on the end-user, the market saw maximum growth in the BFSI segment in 2019. The segment is driven by new regulations that mandate the implementation of data security in BFSI sector. The market growth in the segment will be significant over the forecast period.
Blockchain Technology Market: Geographic Landscape
By geography, North America is going to have lucrative growth during the forecast period. About 46% of the market’s overall growth is expected to originate from North America. The increasing adoption of blockchain technology by government organizations is one of the key factors driving the growth of the market in North America. The US and Canada are the key markets for blockchain technology in North America.
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Global Blockchain Identity Management Market – Global blockchain identity management market is segmented by end-user (BFSI, government, healthcare, and others), application (end-point, network, and infrastructure), and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
Global Blockchain Technology Market in Transportation and Logistics Industry – Global blockchain technology market in transportation and logistics industry is segmented by mode (sea, land, and others) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
- Accenture Plc
- Amazon.com Inc.
- Huawei Investment & Holding Co. Ltd.
- Infosys Ltd.
- Intel Corp.
- International Business Machines Corp.
- Microsoft Corp.
- Oracle Corp.
- SAP SE
- Tata Consultancy Services Ltd.
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2020, 2021, until 2025
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by end-user
- BFSI – Market size and forecast 2019-2024
- Government – Market size and forecast 2019-2024
- Healthcare – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by end-user
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Overview
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Accenture Plc
- Amazon.com Inc.
- Huawei Investment & Holding Co. Ltd.
- Infosys Ltd.
- Intel Corp.
- International Business Machines Corp.
- Microsoft Corp.
- Oracle Corp.
- SAP SE
- Tata Consultancy Services Ltd.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY
SOURCE: Technavio Research
Copyright Business Wire 2021.
PUB: 02/03/2021 02:49 AM/DISC: 02/03/2021 02:49 AM
Copyright Business Wire 2021.