Digital technology is shaping our world today. It is influencing nearly every aspect of our lives including shopping, education, entertainment, business, and communication. The technology has further developed to revolutionize the way of conducting financial transactions. Online payment methods have become hugely popular in todays age. Simultaneously, cryptocurrency or digital money is gaining popularity. Distributed ledgers support the payment method for digital currency to run in a decentralized mode. This removes the need for intermediaries such as banks or middleman. Distributed ledger technology also supports financial transactions tracking. It fosters an environment for secure sharing of data in real-time. One of the types of distributed ledger system is blockchain.
Portland, OR -- (SBWIRE) -- 12/11/2017 -- The global market was valued at $107.0 million in 2014 and is likely to garner $13300.1 million in 2025, growing at a CAGR of 55.69% during the forecast period, 2018-2025 according to Progressive Markets report, Blockchain Distributed Ledger Market - Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025.
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The report is a professional and in-depth study on the current state of the blockchain distributed ledger market for the historic period 2014-2016 and the forecast period 2018-2025. It encompasses the market size, market share analysis, key market segments, trends analysis, competitive analysis, informed market outlook, market dynamics, market statistics, and major competitors. The information provided in the study is a result of a rigorous primary and secondary research conducted. The vital statistics, graphs, and tables provided in the report add more credibility to the research conclusions and findings. The report is a useful source for market players, investors, and new entrants as it assists them in formulating strategies for business growth.
The report provides an overview of the market landscape which is provided in terms of the growth drivers, Porters Analysis, and market share analysis. The market drivers and restraints help understand the factors impacting the growth of the global blockchain distributed ledger industry. The Porters Five Forces Analysis (PFFA) model is studied with the help of five parameters such as the bargaining power of buyers, bargaining power of suppliers, the threat of new entrants, the threat from substitutes, and industrial rivalry. This analysis helps assess the competition within the market and devise strategies to gain a competitive edge. Market share analysis provided in the study to help market players and investors determine how well the players are doing in the market as compared to their competitors.
The report provides a detailed analysis of the drivers and challenges impacting the blockchain distributed ledger market. Fewer transaction costs due to the elimination of intermediaries and enhanced security levels for carrying out transactions are mainly driving the growth of the market. Moreover, an insignificant effect of inflation on blockchain distributed ledger is likely to provide opportunities for the market growth. On the other hand, limited acceptance and risk of unknown technical flaws are likely to cause hindrances to the growth of the market.
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A comprehensive overview of the different segments of the blockchain distributed ledger market is offered in the study. The market is segmented based on type, end use, and geography. Based on the type, the market is divided into private blockchain and public blockchain. The private blockchain sector garnered $29.8 million in 2014 and is likely to reach $5840.0 million in 2025 during the forecast period, 2018-2025. The public blockchain sector is likely to grow at a CAGR of 51.76% during the forecast period. Based on end use, the market is categorized into government, BFSI, automotive, retail & e-commerce, media & entertainment, and others. The government segment is likely to grow at the highest CAGR of 59.71%. The media & entertainment segment is likely to grow at a CAGR of 59.43% during the forecast period. Geographically, the report provides the market analysis covering the regions such as North America, Europe, Asia-Pacific, and LAMEA. In North America, the market analysis study covers the U.S., Canada, and Mexico. In Europe, the market analysis covers Germany, UK, Russia, France, Spain, Italy, Poland, and others. In Asia-Pacific, the blockchain distributed ledger market analysis covers China, Japan, India, Australia, South Korea, and the rest of Asia-Pacific. In LAMEA, the study covers Latin America, Middle East, and Africa.
The report also analyzes the profiles of the major companies participating in the global blockchain distributed ledger industry. include Chain Inc., IBM Corporation, Accenture PLC, Eris Industries, Intel Corporation, Deloitte, Blockchain Tech Ltd., Microsoft Corporation, Digital Asset Holdings, and Earthport.