Nov 10 2020: The global Blockchain Technology market size is expected to reach USD 57,641.3 million by 2025, registering a CAGR of 69.4% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. Blockchain is the underlying technology that originated in the form of a public ledger to keep a track of all cryptocurrency transactions. The technology works as an electronic transaction-processing and record-keeping system. This allows various participants that are connected to the network, usually public, to track information through a secure network, thereby eliminating the need for any kind of third-party verification.
The market is expected to grow rapidly owing to numerous benefits that it provides, such as eradication of the requirement of a financial institution to validate transactions, reduce duplicative recordkeeping, eliminate reconciliation, minimize error rates, and facilitate faster settlement. With the use of this technology, the databases could become universal in nature, thereby allowing multiple institutions to use it at the same time to bring various different systems closer together and help increase the efficiency.
To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/blockchain-technology-market/request-sample
The global blockchain technology market size is expected to reach USD 57,641.3 million by 2025, registering a CAGR of 69.4% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. Blockchain is the underlying technology that originated in the form of a public ledger to keep a track of all cryptocurrency transactions. The technology works as an electronic transaction-processing and record-keeping system. This allows various participants that are connected to the network, usually public, to track information through a secure network, thereby eliminating the need for any kind of third-party verification.
The market is expected to grow rapidly owing to numerous benefits that it provides, such as eradication of the requirement of a financial institution to validate transactions, reduce duplicative recordkeeping, eliminate reconciliation, minimize error rates, and facilitate faster settlement. With the use of this technology, the databases could become universal in nature, thereby allowing multiple institutions to use it at the same time to bring various different systems closer together and help increase the efficiency.
The increasing demand for this technology across financial services, consumer or industrial products, technology, media &telecom, healthcare, transportation, and public sector is largely responsible for driving the market toward growth. The major drivers include the growing interest of the BFSI sector and increasing merchants accepting cryptocurrencies among others. The probable opportunity of this technology further includes the instant settlement of various financial transactions and achieving optimized settlement options for the netting and clearing process.
Further key findings from the study suggest:
• The public segment is anticipated to grow at the highest CAGR of 70.1% from 2019 to 2025. This growth can be attributed to growing tendency of institutions and government to inculcate open and efficient transactions.
• The application & solution segment is anticipated to grow at the highest CAGR of 71.2% from 2019 to 2025. This growth can be attributed by ability of the providers to deliver the services to enterprises by offering timely authentication and reconciliation and reducing the data duplication.
• The digital identity segment is expected to emerge as the fastest-growing application segment over the next six years. This growth can be attributed to the increasing number of cyber-attacks across the globe.
• The small & medium enterprises segment is expected to grow at the highest CAGR of 70.7% over the forecast period, owing to the increasing demand for streamlining business processes cost-effectively across small & medium businesses.
• The financial service segment dominated the market in 2018 and is expected to maintain its dominance over the forecast period. Growing investments in the technology by various financial institutions in association with key technology players is expected to further improve the efficiency of the underlying financial processes and help minimize the risk.
• The Asia Pacific region is expected to emerge as the fastest-growing regional segment over the next six years. Rising adoption of blockchain technology by banks and other financial institutes to minimize the cost of operations and streamline the business operations is expected to drive the regional market growth.
• The key blockchain technology market participants include Chain Inc., Circle Internet Financial Limited, Digital Asset Holdings, Eric Industries, IBM Corporation, Linux Foundation, Post-Trade Distributed Ledger, R3, Ripple, and Safello.
To Browse Full Research Report @:
https://www.radiantinsights.com/research/blockchain-technology-market
Table of Contents
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Blockchain Technology – Industry Snapshot & Key Buying Criteria, 2015 – 2025
2.1.1 Global blockchain technology market, 2015 – 2025
2.1.2 Global blockchain technology market, by region, 2015 – 2025
2.1.3 Global blockchain technology market, by type, 2015 – 2025
2.1.4 Global blockchain technology market, by component, 2015 – 2025
2.1.5 Global blockchain technology market, by, application, 2015 – 2025
2.1.6 Global blockchain technology market, by enterprise size, 2015 – 2025
2.1.7 Global blockchain technology market, by end use, 2015 – 2025
Chapter 3 Blockchain Technology Industry Outlook
3.1 Market Trends and Outlook
3.2 Market Segmentation and Scope
3.3 Market Size and Growth Prospects
3.4 Value Chain Analysis
3.5 Blockchain Technology – Market Adoption Timelines
3.6 Blockchain Technology Market Dynamics
3.6.1 Market driver analysis
3.6.1.1 Increasing merchants accepting cryptocurrency
3.6.1.2 Growing market for alternative cryptocurrencies
3.6.1.3 Growing interest in blockchain among financial institutions
3.6.2 Market restraint analysis
3.6.2.1 Regulatory uncertainty
3.6.3 Market opportunity analysis
3.6.3.1 Instant settlement of financial transaction
3.6.3.2 Netting and clearing process to achieve optimized settlement
3.7 Blockchain Technology – Key Opportunities Prioritized
3.7.1 Banking and financial institutions
3.7.2 Consumer products
3.7.3 Technology, media, and telecommunication
3.7.4 Healthcare, transportation, and public sector
3.8 Blockchain Technology – Porter’s Analysis
3.9 Blockchain Technology – PEST Analysis
Continued …………….
To See More Reports of This Category by Radiant Insights:
https://latestmarkettrends.news.blog/
About Radiant Insights:
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: [email protected]
Phone: (415) 349-0054
Address: 201 Spear St #1100, Suite #3036
City: San Francisco
State: California
Country: United States
https://marketsandtrendsreport.blogspot.com/
The new Hypersonic Technology Demonstrator Vehicle Market report offers a comprehensive study of the current scenario of the market including major market dynamics.
Also, it highlights the in-depth marketing research with the newest trends, drivers, and segments with reference to regional and country.
Further, this report profiles top key players and analyze their market share, strategic development, and other development across the world.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the hypersonic technology demonstrator vehicle market include Aerojet Rocketdyne Holdings Inc., The Boeing Company, Brahmos Aerospace Pvt.
Ltd., Lockheed Martin Corporation, Thales Group, General Dynamics Corporation, Northrop Grumman Corporation, Raytheon Company, Saab AB, Dynetics Inc., SpaceX, and L3 Harris Technologies Inc.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Hypersonic Technology Demonstrator Vehicle Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/hypersonic-technology-demonstrator-vehicle-market/download-sampleMarket DynamicsThe rising focus on homeland security, growing defense spending, and growing concerned research activities influence the global hypersonic technology demonstrator vehicle market.
We conduct an accurate and reliable COVID Test.
Our qualified phlebotomists trained for safe and hygienic sample collecting during Test for COVID 19.
We are the most trustworthy lab for COVID 19 testing in India.
Get your COVID-19 Test done with Metropolis Healthcare.
The whole globe has experienced the adverse effect of coronavirus and every industry has faced setbacks especially the real estate industry.
Market Synopsis:A tremendous rate of technological transformation has taken place in displays over the years.
The display industry is on course to take yet another leap of faith with flexible display technology.
Market Research Future (MRFR) projects that the global Flexible Display Technology Market will witness a healthy growth over the next couple of years.
Flexible displays are witnessing a rapid adoption in devices such as laptops, digital signage, mobiles, display panels of vehicles and wearabels.
Nonetheless, flexible display manufacture is complex and a certain degree of expertise in display technology.The Covid-19 Impact on Flexible Display Technology Market is expected to generate a market value of USD 15 billion by 2023 growing at a CAGR of ~ 35%.Key PlayersThe prominent players in the Flexible Display Technology Market are - Samsung Display (Korea), LG Display Co. Ltd. (South Korea), Hewlett-Packard Company (U.S.), Sony Corporation (Japan), Atmel Corporation (U.S.), Kent Displays Inc. (U.S.) Universal Display Corporation (U.S.), Novaled AG (Germany), Dupont Display (U.S.), Corning Inc. (U.S.), Philips Electronics (Netherlands), Materion Corporation (U.S.), AU Optronics (Taiwan), E Ink Holdings Inc. (Taiwan) among othersFlexible display technology Market SegmentationSegmental analysis of the market has been conducted based on technology, display type, material, end-user, application and display size.On the basis of technology, the market has been segmented into organic light emitting diode (OLED), liquid crystal display (LCD), quantum dot and electronic paper display.
Based on end-user, the market is segmented into aerospace, automotive, transportation, retail, government, utilities and others.
