Global Blockchain Technology Market 2017-2021

  • ID: 4115394
  • Report
  • Region: Global
  • 62 pages
  • TechNavio
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FEATURED COMPANIES

  • Abra
  • BitFury Group
  • Chain
  • Ethereum
  • IBM
  • R3
  • MORE
About Blockchain Technology (BT) Market

Blockchain is the distributed ledger technology that is used for the management of financial transactions. Block chain facilitates peer-to-peer transactions without the use of intermediaries such as banks and governing bodies. Bitcoin is regarded as the foundation of the development of BT. BT is the most advanced and innovative distributed ledger management system that has revolutionized the payment industry. The technology is at a nascent stage but has gained popularity in a very short period. Leading financial services firms, IT companies, and manufacturing firms are testing the feasibility to implement BT on a real-time basis.

The analysts forecast the global blockchain technology (BT) market to grow at a CAGR of 55.59% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global blockchain technology (BT) market 2017-2021. To calculate the market size, the report considers the revenue generated from the BT solutions and service providers.

The market is divided into the following segments based on geography:
- Americas
- EMEA
- APAC

The report, Global Blockchain Technology (BT) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

Key vendors
- Accenture
- IBM
- Microsoft

Other prominent vendors
- Axoni
- Abra
- BTL Group
- BlockCypher
- BitFury Group
- Chain
- ConsenSys
- Deloitte
- Ethereum
- Ezyremit
- Global Arena Holding
- Provenance
- R3
- Ripple
- Scorechain
- Slock.it
- TATA Consultancy Services

Market drivers
- Increase in FinTech spending
- For a full, detailed list, view the full report

Market challenges
- Network privacy and security concerns
- For a full, detailed list, view the full report

Market trends
- Advent of artificial intelligence (AI)
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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2 of 5

FEATURED COMPANIES

  • Abra
  • BitFury Group
  • Chain
  • Ethereum
  • IBM
  • R3
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

Market overview

Top-vendor offerings

PART 03: Market research methodology

Research methodology

Economic indicators

PART 04: Introduction

Key market highlights

PART 05: Market landscape

Market overview

Market size and forecast

Five forces analysis

PART 06: Market segmentation by end-user

Global BT market by end user

BFSI

Supply chain

Healthcare

PART 07: Geographical segmentation

Global BT market by geography

Americas

EMEA

APAC

PART 08: Market drivers

Increase in FinTech spending

Easier access to technology

Disintermediation of banking services

Digital transformation

PART 09: Impact of drivers

PART 10: Market challenges

Network privacy and security concerns

Lack of technology awareness

System configuration concern

PART 11: Impact of drivers and challenges

PART 12: Market trends

Advent of artificial intelligence (AI)

Emergence of blockchain analytics

Rise of blockchain as a service

Increasing adoption of IoT

PART 13: Vendor landscape

Competitive landscape

PART 14: Key vendor profile

Accenture

IBM

Microsoft

Other prominent vendors

PART 15: Appendix

List of abbreviations

PART 16: About the Author

List of Exhibits
Exhibit 01: Major countries covered
Exhibit 02: Product and service offerings
Exhibit 03: Key features of blockchain
Exhibit 04: Global BT market 2016-2021 ($ millions)
Exhibit 05: Five forces analysis
Exhibit 06: Global BT market by end-user 2016
Exhibit 07: Global BT market in the BFSI sector 2016-2021 ($ millions)
Exhibit 08: Global BT market in the supply chain sector 2016-2021 ($ millions)
Exhibit 09: Global BT market in the healthcare sector 2016-2021 ($ millions)
Exhibit 10: Global BT market by geography 2016
Exhibit 11: BT market in Americas 2016-2021 ($ millions)
Exhibit 12: BT market in EMEA 2016-2021 ($ millions)
Exhibit 13: BT market in APAC 2016-2021 ($ millions)
Exhibit 14: Impact of drivers
Exhibit 15: Impact of drivers and challenges
Exhibit 16: Completive factors in the BT market
Exhibit 17: Accenture: IT service offerings
Exhibit 18: Recent developments: Accenture
Exhibit 19: IBM: Product portfolio
Exhibit 20: IBM services
Exhibit 21: Recent developments: IBM
Exhibit 22: Microsoft: Microsoft Azure data services
Exhibit 23: Recent developments: Microsoft
Exhibit 24: Other prominent vendors
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FEATURED COMPANIES

  • Abra
  • BitFury Group
  • Chain
  • Ethereum
  • IBM
  • R3
  • MORE
New Report Released: – Global Blockchain Technology (BT) Market 2017-2021
The author of the report recognizes the following companies as the key players in the Global Blockchain Technology (BT) Market: Accenture, IBM, and Microsoft.

Other Prominent Vendors in the market are: Axoni, Abra, BTL Group, BlockCypher, BitFury Group, Chain, ConsenSys, Deloitte, Ethereum, Ezyremit, Global Arena Holding, Provenance, R3, Ripple, Scorechain, Slock.it, and TATA Consultancy Services.

Commenting on the report, an analyst from the research team said: “One trend in the market is the advent of artificial intelligence (AI). BT powered by AI is the most advanced IT development taking place in the blockchain and cryptocurrency market. AI provides several features to manage decentralized monetary systems. AI algorithms can be used to predict the value of bitcoins, which can help bitcoin traders to manage bitcoin transactions. In 2014, a researcher from Massachusetts Institute of Technology (MIT), US, developed a methodology to detect the price trend of cryptocurrency. The methodology uses machine learning algorithm to analyze the pricing trend of cryptocurrency to perform online trading of the currency to obtain maximum benefits. IBM has created its new business unit known as industry platforms to focus on the development of advanced BT. The R&D division of IBM is working to integrate AI technology and BT to help its blockchain clients manage distributed ledgers efficiently.”

According to the report, one driver in the market is the increase in FinTech spending. FinTech is a service provided by companies and is based on software. Over the years, the purview of FinTech has extended to include new and innovative front-end consumer products. Many FinTech startup companies provide solutions, which are operable through smartphones or tablets, directly to the customers through licensing or by means of white label services.

Further, the report states that one challenge in the market is the network privacy and security concerns. Blockchain security is one of the major concerns that have hindered the growth of the market. In 2016, Ethereum, a provider of blockchain-based distributed computing platform solutions, faced decentralized autonomous organization (DAO) attack, a type of cyber-attack that caused Ethereum to lose nearly $55 million in cryptocurrency. The Ethereum system hack instance has discouraged several cryptocurrency traders and BT users.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Accenture
  • IBM
  • Microsoft
  • Axoni
  • Abra
  • BTL Group
  • BlockCypher
  • BitFury Group
  • Chain
  • ConsenSys
  • Deloitte
  • Ethereum
  • Ezyremit
  • Global Arena Holding
  • Provenance
  • R3
  • Ripple
  • Scorechain
  • Slockit
  • and TATA Consultancy Services
Note: Product cover images may vary from those shown
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