According to a new report published by UnivDatos, the Blockchain Market was valued at more than USD 2.8 million in 2020 and is expected to grow at a CAGR of around 70% from 2022-2028. The analysis has been segmented into Component Type Platform, Services); Organization Size (Large Enterprises, SMEs); End- Users (Banking, Financial Services, and Insurances (BFSI), Government, Healthcare, Media & Entertainment, Retail and E-commerce, Transportation & Logistics, Others); Region/Country. The blockchain market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the blockchain market. The blockchain market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the blockchain market at the global and regional levels. Market Overview blockchain market is rising to protect the identity and financial information of end users, BFSI companies are implementing digital ledger technology. The BFSI sector is seeing increased adoption of technology applications such as cross-border transactions, clearing and settlements, trade finance platforms, digital identity verification, and credit reporting. For instance, In June 2021, India’s major banks, such as the State Bank of India(SBI), HDFC, ICICI Bank, and others, collaborated to establish Indian Bank’s digital ledger infrastructure company private limited, Indian Banks' Blockchain Infrastructure Co (IBBIC), to secure transactions, reduce transaction processing time, and speed up the process of letters of credit. Owing to these glaring statistics the demand for blockchain is anticipated to grow in the forthcoming years as they are safe and secure technology and protects all the data from hacking and leaking. Moreover, rising awareness of data protection from malware activities within enterprises and consumers is fueling the demand for the blockchain market. Furthermore, the extensive use of blockchain solutions in banking and cybersecurity and rising government initiatives are expected to drive the market for the blockchain market in the coming years. Some of the major players operating in the market Accenture PLC, IBM Corporation, Amazon Web Services Inc, Intel Corporation, Microsoft Corporation, Oracle Corporation, Applied Blockchain, Infosys, Wipro, Tata Consultancy Services Limited. Click here to view the Report Description & TOC-https://univdatos.com/reports/blockchain-market COVID-19 Impact The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The COVID-19 pandemic forced the closure of most manufacturing plants, disrupting the entire economy and investment in digital technology. Furthermore, the pandemic has accelerated the adoption of digital technology in all sectors, from the government to retail. To maintain business operations, every industry has shifted toward digitalization. The growing use of cloud and Internet of Things devices has raised security and privacy concerns across all industries. The technology protects identity, provides transparency in supply chain operations, and safeguards health records. The global blockchain market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated. ·        Based on the organization type, the market is fragmented into large enterprises and small & medium enterprises (SMEs). The large enterprise segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Large enterprises operating in sectors, such as insurance, financial services, healthcare, and supply chain, are increasingly making efforts to digitalize their offerings, which is creating the demand for blockchain technology among them. ·        Based on the end-users, the market is fragmented into banking, financial services, and insurances (BFSI), government, healthcare, media & entertainment, retail and e-commerce, transportation & logistics, and others. The BFSI segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Financial services use blockchain technology for managing financial transactions taking place in businesses. Blockchain technology provides secured and efficient transactions, and this is driving the demand for the technology in financial services. Access sample report (including graphs, charts, and figures): https://univdatos.com/reports/blockchain-market?popup=report-enquiry Have a Look at the Chapters Blockchain Market Geographical Segmentation Includes: ·        North America (United States, Canada, and Rest of North America) ·        Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe) ·        Asia-Pacific (China, Japan, India, Australia, and the Rest of Asia-Pacific) ·        Rest of the World North America constitutes a major market for the blockchain industry owing to the early adoption of blockchain and the presence of several vendors that provide security and blockchain solutions and the increasing adoption of blockchain technology by organizations in the region is driving the regional market growth. The major players targeting the market include ·        Accenture PLC ·        IBM Corporation ·        Amazon Web Services Inc. ·        Intel Corporation ·        Microsoft Corporation ·        Oracle Corporation ·        Applied Blockchain ·        Infosys ·        Wipro ·        Tata Consultancy Services Limited. Related Report ·        Cloud Infrastructure Service Market ·        Mobile Cloud Market ·        Healthcare Cloud Computing Market ·        Asia Pacific Cloud Infrastructure Market ·        Cloud Infrastructure Market Competitive Landscape The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Blockchain market. The major players have been analyzed by using research methodologies for getting insight views on global competition. Contact Us: UnivDatos Contact Number - +19787330253 Email - [email protected]  Website - www.univdatos.com Linkedin- https://www.linkedin.com/company/univ-datos-market-insight/mycompany/

Blockchain Market Report Size, Share, Growth and Trends 2022-2028

According to a new report published by UnivDatos, the Blockchain Market was valued at more than USD 2.8 million in 2020 and is expected to grow at a CAGR of around 70% from 2022-2028. The analysis has been segmented into Component Type Platform, Services); Organization Size (Large Enterprises, SMEs); End- Users (Banking, Financial Services, and Insurances (BFSI), Government, Healthcare, Media...

Global Blockchain Market is expected to register a CAGR of approx. 70% over the period of 2022-2028.  The blockchain market is rising to protect the identity and financial information of end users, BFSI companies are implementing digital ledger technology. The BFSI sector is seeing increased adoption of technology applications such as cross-border transactions, clearing and settlements, trade finance platforms, digital identity verification, and credit reporting. For instance, In June 2021, India’s major banks, such as the State Bank of India(SBI), HDFC, ICICI Bank, and others, collaborated to establish Indian Bank’s digital ledger infrastructure company private limited, Indian Banks' Blockchain Infrastructure Co (IBBIC), to secure transactions, reduce transaction processing time, and speed up the process of letters of credit. Owing to these glaring statistics the demand for blockchain is anticipated to grow in the forthcoming years as they are safe and secure technology and protects all the data from hacking and leaking. According to UnivDatos research report “global blockchain market”, the market is expected to witness a robust growth during the forecast period 2022-2028F. Moreover, rising awareness of data protection from malware activities within enterprises and consumers is fueling the demand for the blockchain market. Furthermore, the extensive use of blockchain solutions in banking and cybersecurity and rising government initiatives are expected to drive the market for the blockchain market in the coming years. Based on the component types, the blockchain market is segmented into platforms and services. The platform segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. The platform/solution enables digital ledger network and application developers to create personalized distributed ledger (DLT) networks for end users. Based on the end-users, the market is fragmented into banking, financial services, and insurances (BFSI), government, healthcare, media & entertainment, retail and e-commerce, transportation & logistics, and others. The BFSI segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Financial services use blockchain technology for managing financial transactions taking place in businesses. Blockchain technology provides secured and efficient transactions, and this is driving the demand for the technology in financial services. North America witnessed extensive growth For a better understanding of the market adoption of the blockchains market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the blockchain industry owing to the early adoption of blockchain and the presence of several vendors that provide security and blockchain solutions and the increasing adoption of blockchain technology by organizations in the region is driving the regional market growth. Access sample report (including graphs, charts, and figures):https://univdatos.com/reports/blockchain-market?popup=report-enquiry According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global blockchains market are Accenture PLC, IBM Corporation, Amazon Web Services Inc, Intel Corporation, Microsoft Corporation, Oracle Corporation, Applied Blockchain, Infosys, Wipro, Tata Consultancy Services Limited Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions. “Global Blockchains Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.       For More Informative Information, Please Visit Us – https://univdatos.com/report/blockchain-market/ Market Segmentations: 1.      By Component Type (Platform, Services) 2.      By Organization Size (Large Enterprises, SMEs) 3.      By End-User (Banking, Financial Services, and Insurances (BFSI), Government, Healthcare, Media & Entertainment, Retail and E-commerce, Transportation & Logistics, Others) 4.      By Region (North America, Europe, Asia-Pacific, Rest of the World) 5.    By Company (Accenture PLC, IBM Corporation, Amazon Web Services Inc, Intel Corporation, Microsoft Corporation, Oracle Corporation, Applied Blockchain, Infosys, Wipro, Tata Consultancy Services Limited) Browse Other Related Research Reports from UnivDatos ·        Zero Trust Security Market is expected to display a steady growth by 2027 ·        Data Resiliency Market to Witness High Growth by 2027| UnivDatos Market Insights ·        Continuing Rise in Demand for Digital Artworks to Proliferate Non-Fungible Tokens Market at a CAGR of 35% during the forecast period ·        Internet Sports Betting Market is expected to display an exponential growth by 2027 | CAGR: ~10% Contact Us: UnivDatos Contact Number - +19787330253 Email - [email protected]  Website - www.univdatos.com Linkedin- https://www.linkedin.com/company/univ-datos-market-insight/mycompany/

Blockchain Market Report Size, Share, Growth and Trends 2022-2028

Global Blockchain Market is expected to register a CAGR of approx. 70% over the period of 2022-2028.  The blockchain market is rising to protect the identity and financial information of end users, BFSI companies are implementing digital ledger technology. The BFSI sector is seeing increased adoption of technology applications such as cross-border transactions, clearing and settlements,...