Request Discount

Blockchain Distributed Ledger Market (Type - Private Blockchain, and Public Blockchain; End-user - Government, BFSI, Automotive, Retail & E-commerce, Media & Entertainment, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : July, 2020

  • Rep Id : ICT1441

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on the blockchain distributed ledger market provides an in-depth analysis of segments and sub-segments in the global as well as regional blockchain distributed ledger market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional blockchain distributed ledger market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global blockchain distributed ledger market. According to the report, the global blockchain distributed ledger market is projected to grow at a healthy CAGR over the forecast period of 2020-2026.

 

Market Insight

Currently, crypto currency also recognized as digital money is becoming progressively popular. Distributed ledgers support the payment system for digital currency to function in decentralized mode, by eradicating the necessity of intermediaries such as banks. The current concern over the spread of novel coronavirus is also expected to have a positive impact on the blockchain distributed ledger market. Contactless payments are appraised to increase and become a more favoured method of payment amid the spread of COVID-19 contagion as contactless payment methods involves less physical interaction. Observations that cash could spread pathogens are foreseen to change the payment method by firms and users irrespective of whether concerns are justified or not. Digital wallets or other mobile-based payment interactions have developed as potential solutions for payments to avert novel virus spread.  

 

Distributed ledger technology further allows tracking of financial transactions and makes it virtually possible to track and trade any value through digital money. It delivers a vigorous environment for secure data sharing in real-time. Furthermore, blockchain is a type of distributed ledger system providing improved security to the process. Minor fees for the transaction in blockchain distributed ledger applications, exclusion of third parties in business deals, and fewer chances of fraud & identity theft are the major key drivers of the global blockchain distributed ledger market. Similarly, better security measurements, improved capital optimization, and transparency and independence are projected to boost the blockchain distributed ledger market. Furthermore, a rise in awareness toward blockchain distributed ledger applications among people is projected to provide lucrative opportunities to market players. It encompasses blocks of digitally recorded data, creating a distributed ledger. There are several diverse types of distributed ledger systems, each obeying its own security and privacy levels. However, lack of awareness about crypto currency among people and limited access is projected to restrain the growth in the blockchain distributed ledger industry. 

 

Among the geographies, North America region is expected to hold the largest share in the global blockchain distributed ledger market owing to the presence of key companies in the region. Further, factors such as the extensive adoption of this technology in the BFSI and retail & e-commerce sectors have accelerated the growth of the blockchain distributed ledger market in the North American region. Furthermore, the Asia Pacific region is expected to witness high growth during the forecast period. The advancements in internet payment options are anticipated to boost the growth across the region, especially in countries such as Japan, China, South Korea, and India.

 

Segment Covered

The report on the global blockchain distributed ledger market covers segments such as type, and end-user. On the basis of type, the sub-markets include private blockchain, and public blockchain. On the basis of end-user, the sub-markets include government, BFSI, automotive, retail & E-commerce, media & entertainment, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Chain Inc., IBM Corporation, Accenture PLC, Eris Industries, Intel Corporation, Deloitte, Blockchain Tech Ltd., Microsoft Corporation, Digital Asset Holdings, and Earthport.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the blockchain distributed ledger market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


Other Reports in This Category
24 hour delivery through email
9923950043 Monday to Frieday 9am-7pm
looking for discount