Reliable Data You Can Trust
Reliable Data You Can Trust
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.
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.
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.
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.
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.
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