Blockchain Technology Market Development Trends and Key Vendors Analysis during 2019 - 2025

Global Market Insights present the report on global blockchain technology market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2019-2025.

In the fast-paced consumer goods market, blockchain can help find ingredients, thereby satisfying consumers pertaining to corporate social responsibility (CSR). Assessing these factors, Global Market Insights, Inc. predicts blockchain technology market size to surpass US$25 bn by 2025.

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Blockchain technology market trends are poised to disrupt end-users, including financial services, government, healthcare, media and consumer market in the wake of increased interest and investment by stakeholders. Of late, data has unveiled itself as a bedrock of the future industrial space. Emerging technologies such as blockchain have allowed organization to drive business value throughout their supply networks. Nevertheless, the integrity of data in the blockchain enables stakeholders to vouch for transactions.

Blockchain has been highly sought-after across identity management, risk & compliance management, and supply chain management. Dramatic cost reduction and propelled efficiency are touted as catalysts in fueling the adoption of blockchain among end-users. In a bid to digitize the supply chain, IBM in January 2018 announced a joint venture deal with Maersk Group that would implement blockchain. Stakeholders predict such robust business strategies to bolster blockchain technology market outlook.

In the wake of early adoption of blockchain technology, North America is slated to reign supreme in the industry and boost blockchain technology market revenue. Global Market Insights, Inc. predicted U.S. to account for a lion’s share in blockchain technology investment between 2012 and 2017. Reportedly, Chinese cryptocurrency mining companies are vying Canada to be a happy hunting ground for cryptocurrency mining. These factors are set to fuel blockchain technology market share during the assessment period.

Governments across the world are exploring blockchain as an anti-fraud control with countries such as the U.S. increasingly investing in research to see the potential of blockchain in warfare, security and healthcare.

Whether it is integrating supply chain, tracking spare parts, ordering new assets, blockchain technology leverages companies to offer real-time and transparent assessments and track material and product in the supply chain. As such, stakeholders are keen to invest in blockchain technology that will have considerable impact on transparency and traceability.

Blockchain has boosted identity management framework as it helps organizations do away with collecting and storing every identity data attribute. In the same vein, identity fraud is eliminated by the fact that blockchain withstands tampering. The sheer impact of data privacy and the immutability of blockchain have propelled the evolution of blockchain identity. It appears regulatory watchdogs have stepped in to address the data identity. Notwithstanding reforms such as GDPR and the EU cookie regulation have fostered identity data, it is the emergence of blockchain technology that data is inaccessible to others and virtually tamper-proof.

Browse key industry insights spread across 259 pages with 226 market data tables and 33 figures & charts from the report, "Blockchain Market Size By Providers (Infrastructure Provider, Application Provider, Operators), By Application (Smart Contract, Payment & Wallet, Digital Identity, Exchange, Compliance & Risk Management), By End-use (BFSI, Government, Healthcare, IT Service, Media & Entertainment, Transportation & Logistics), Industry Analysis Report, Regional Outlook), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025" in detail along with the table of contents:https://www.gminsights.com/industry-analysis/blockchain-technology-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Kiran is graduate Computer Science and currently work with Gmi Insights as Executive.