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Blockchain Services Global Market Report 2020-30: COVID-19 Growth and Change

  • ID: 5125022
  • Report
  • July 2020
  • Region: Global
  • 200 pages
  • The Business Research Company
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FEATURED COMPANIES

  • Accenture
  • AWS
  • ConsenSys
  • IBM Corporation
  • lntinfotech
  • OpenXcell
  • MORE
Blockchain Services Global Market Report 2020-30: COVID-19 Growth And Change provides the strategists, marketers and senior management with the critical information they need to assess the global blockchain services market.

This report focuses on the blockchain services market which is experiencing strong growth. The report gives a guide to the blockchain services market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:

Where is the largest and fastest growing market for the blockchain services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Blockchain Services market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider blockchain services market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The blockchain services market section of the report gives context. It compares the blockchain services market with other segments of the blockchain services market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, blockchain services indicators comparison.
Scope

Markets Covered:
1) By Component: Tools; Services
2) By End-use: BFSI; IT & Telecom; Healthcare; Retail; Manufacturing; Logistics; Government; Media & Entertainment; Energy and Utilities; Others
3) By Application: Payments; Smart Contracts; Supply Chain Management; Governance, Risk, and Compliance Management; Identity Management; Others

Companies Mentioned: IBM Corporation; Amazon; Microsoft Corporation; Oracle Corporation; SAP

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

This report will be delivered within 1-3 business days.
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FEATURED COMPANIES

  • Accenture
  • AWS
  • ConsenSys
  • IBM Corporation
  • lntinfotech
  • OpenXcell
  • MORE
1. Executive Summary

2. Blockchain Services Market Characteristics

3. Blockchain Services Market Size And Growth
3.1. Global Blockchain Services Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Blockchain Services Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market

4. Blockchain Services Market Segmentation
4.1. Global Blockchain Services Market, Segmentation By Component, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Tools
  • Services
4.2. Global Blockchain Services Market, Segmentation By End-use, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • BFSI
  • IT & Telecom
  • Healthcare
  • Retail
  • Manufacturing
  • Logistics
  • Government
  • Media & Entertainment
  • Energy and Utilities
  • Others
4.3. Global Blockchain Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Payments
  • Smart Contracts
  • Supply Chain Management
  • Governance, Risk, and Compliance Management
  • Identity Management
  • Others
5. Blockchain Services Market Regional And Country Analysis
5.1. Global Blockchain Services Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Blockchain Services Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

6. Asia-Pacific Blockchain Services Market
6.1. Asia-Pacific Blockchain Services Market Overview
6.2. Asia-Pacific Blockchain Services Market, Segmentation By Component, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
6.3. Asia-Pacific Blockchain Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

7. China Blockchain Services Market
7.1. China Blockchain Services Market Overview
7.2. China Blockchain Services Market, Segmentation By Component, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion
7.3. China Blockchain Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion

8. India Blockchain Services Market
8.1. India Blockchain Services Market Overview
8.2. India Blockchain Services Market, Segmentation By Component, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
8.3. India Blockchain Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

9. Japan Blockchain Services Market
9.1. Japan Blockchain Services Market Overview
9.2. Japan Blockchain Services Market, Segmentation By Component, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
9.3. Japan Blockchain Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

10. Australia Blockchain Services Market
10.1. Australia Blockchain Services Market, Segmentation By Component, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
10.2. Australia Blockchain Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

11. Indonesia Blockchain Services Market
11.1. Indonesia Blockchain Services Market, Segmentation By Component, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
11.2. Indonesia Blockchain Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

12. South Korea Blockchain Services Market
12.1. South Korea Blockchain Services Market, Segmentation By Component, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
12.2. South Korea Blockchain Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

13. Western Europe Blockchain Services Market
13.1. Western Europe Blockchain Services Market Overview
13.2. Western Europe Blockchain Services Market, Segmentation By Component, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
13.3. Western Europe Blockchain Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

14. UK Blockchain Services Market
14.1. UK Blockchain Services Market Overview
14.2. UK Blockchain Services Market, Segmentation By Component, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
14.3. UK Blockchain Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

15. Germany Blockchain Services Market
15.1. Germany Blockchain Services Market, Segmentation By Component, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
15.2. Germany Blockchain Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

16. France Blockchain Services Market
16.4. France Blockchain Services Market, Segmentation By Component, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
16.5. France Blockchain Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

17. Eastern Europe Blockchain Services Market
17.1. Eastern Europe Blockchain Services Market Overview
17.2. Eastern Europe Blockchain Services Market, Segmentation By Component, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
17.3. Eastern Europe Blockchain Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

18. Russia Blockchain Services Market
18.1. Russia Blockchain Services Market, Segmentation By Component, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
18.2. Russia Blockchain Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

19. North America Blockchain Services Market
19.1. North America Blockchain Services Market Overview
19.2. North America Blockchain Services Market, Segmentation By Component, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
19.3. North America Blockchain Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

20. USA Blockchain Services Market
20.1. USA Blockchain Services Market Overview
20.2. USA Blockchain Services Market, Segmentation By Component, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
20.3. USA Blockchain Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

21. South America Blockchain Services Market
21.1. South America Blockchain Services Market Overview
21.2. South America Blockchain Services Market, Segmentation By Component, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
21.3. South America Blockchain Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

22. Brazil Blockchain Services Market
22.1. Brazil Blockchain Services Market, Segmentation By Component, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
22.2. Brazil Blockchain Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

23. Middle East Blockchain Services Market
23.1. Middle East Blockchain Services Market Overview
23.2. Middle East Blockchain Services Market, Segmentation By Component, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
23.3. Middle East Blockchain Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

24. Africa Blockchain Services Market
24.1. Africa Blockchain Services Market Overview
24.2. Africa Blockchain Services Market, Segmentation By Component, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
24.3. Africa Blockchain Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

25. Blockchain Services Market Competitive Landscape And Company Profiles
25.1. Blockchain Services Market Competitive Landscape
25.2. Blockchain Services Market Company Profiles
25.2.1. IBM Corporation
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. Amazon
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. Microsoft Corporation
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. Oracle Corporation
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. SAP
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The Blockchain Services Market

27. Blockchain Services Market Trends And Strategies

28. Blockchain Services Market Future Outlook and Potential Analysis

29. Appendix
29.1. Abbreviations
29.2. Currencies
29.3. Research Inquiries
29.4. About the Publisher
29.5. Copyright And Disclaimer


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FEATURED COMPANIES

  • Accenture
  • AWS
  • ConsenSys
  • IBM Corporation
  • lntinfotech
  • OpenXcell
  • MORE
Major players in the blockchain services market are IBM Corporation, Amazon.com, Microsoft Corporation, Oracle Corporation, SAP, Stratis, Baidu, Inc., Huawei Technologies Co. Ltd., Accenture, and Deloitte.

The global blockchain services market is expected to decline from $1.26 billion in 2019 to $1.06 billion in 2020 at a compound annual growth rate (CAGR) of -15.8%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it, which impacted industries negatively and resulted in low investments on technology. The market is then expected to recover and reach $4.36 billion in 2023 at a CAGR of 60.01%.

The blockchain services market consists of sales of blockchain services and related products. For companies engaged in building blockchain applications blockchain-as-a-service acts as a third-party service that creates and manages cloud-based networks which is a growing field for blockchain technology. The revenue generated by the blockchain services market is through sales of blockchain services by platform vendors and service providers for the application of identity management, payments, smart contracts, supply chain management, and others.

North America was the largest region in the blockchain services market in 2019. Asia Pacific is expected to be the fastest-growing region in the forecast period.

Quantum computing is gaining popularity in the blockchain space that will help overcome the problems faced in providing blockchain services. Quantum computing is a process that uses quantum-mechanical phenomena like superposition and quantum entanglement for computing. Quantum computing utilizes qubits that help in the storage and processing of a large amount of data exponentially fast with less energy consumption, unlike conventional computers that use bits for the same process. In 2019, Google announced that its quantum computer performed a calculation in 200 seconds which had a 53-qubit Sycamore processor. The same would take 10,000 years for the world's fastest supercomputer, Summit, a supercomputer by IBM. The use of quantum computing will help resolve issues related to scalability and higher energy consumption by blockchain technology.

The blockchain services market covered in this report is segmented by component into tools, services. It is also segmented by end-use into BFSI, IT & telecom, healthcare, retail, manufacturing, logistics, government, media & entertainment, energy and utilities, others and by application into payments, smart contracts, supply chain management, governance, risk and compliance management, identity management, others.

The inefficiency of scalability in blockchain technology impedes the blockchain services market as it obstructs the processes involved. There is a partial dependence of the blockchain network's health over the number of nodes in the network and the spread of those nodes across the world. The bigger the blocks, the increase in the size of the blockchain is even faster which removes out the solo miners, and that eventually results in more pile-up of transactions. For instance, bitcoin scalability is an issue that resulted from the limited rate of processing of transactions that relates to an increase in the number of transactions and the limited size of blocks. In 2019, the blockchain size has grown to 242.386 GB from 184.622 GB in 2018 and 134.715 GB in 2017. In 2018, in a week there were 165,000 unconfirmed transactions resulting in scaling issues due to the huge number of transactions. Similarly, in December 2017, scalability issues have congested the Ethereum network by Cryptokitties app due to a six-fold increase in transactions with Cryptokitties release and resulted in the pile-up of all unprocessed transactions. Thus, an increase in the number of transactions results in scalability issues, which hampers the growth of the blockchain services market.

In March 2020, Genesis Group, a cloud-based information technology services provider, announced plans to acquire Blockchain Consulting GmbH (BC) for an undisclosed amount. This acquisition will help Genesis Group to utilize BC's resources in crypto mining. BC provides services such as blockchain software development, strategic consulting, and crypto market analysis.

There is a growing significance of blockchain services with increased investments in blockchain technology from both government and private entities like banks and financial institutions. The blockchain technology gives rise to new business models in various areas such as cross-border payments, remittance, exchanges, internet banking, trade finance, Know Your Customers (KYC), and risk and compliance with decentralized applications of this technology. In 2019, the South Korean government allotted a budget of KRW 1 trillion for blockchain development among the KRW 5 trillion budget for economic development through innovation. Among the total cryptocurrency trading worldwide, 30% was from South Korea. The increased use of blockchain technology in organizations will require services to manage the networks and infrastructure, which will increase the demand for blockchain services and boost market growth.
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  • IBM Corporation
  • Amazon.com
  • Microsoft Corporation
  • Oracle Corporation
  • SAP
  • Stratis
  • Baidu, Inc.
  • Huawei Technologies Co. Ltd.
  • Accenture
  • Deloitte
  • Infosys
  • Hewlett-Packard Enterprise
  • Waves Platform
  • HPE
  • AWS
  • KPMG
  • ConsenSys
  • Cognizant
  • NTT Data
  • Capgemini
  • Wipro
  • Mphasis
  • PwC
  • TCS
  • TO THE NEW
  • EY
  • L&T Infotech
  • Alibaba
  • OpenXcell
  • lntinfotech
  • Ardor Nxt Group
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