The report analyzes and presents an overview on "Global Blockchain Technology Market 2017-2021" worldwide.

Albany, NY -- (SBWire) -- 09/04/2017 --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 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

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Technavio's 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 driver
Increase in FinTech spending
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Market challenge
Network privacy and security concerns
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Market trend
Advent of artificial intelligence (AI)
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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?