Rapidly
increasing FinTech spending and growing blockchain adoption owing to increasing awareness to aid
global blockchain market through 2022
According to recently released
TechSci Research report, “Global
Blockchain Market By Type, By Application, By
Enterprise, By End User, Competition Forecast & Opportunities, 2012 – 2022”, the global blockchain market is
projected to grow at a CAGR of more than 43% during 2017 – 2022 on account of
growing awareness about the blockchain solutions among the fortune 500
companies coupled with rapidly increasing FinTech spending across the globe. With
a surging number of multinational financial institutions across the world
adopting blockchain technology, the global blockchain market is on a strong
upswing.
Browse 98
market data Tables and 77 Figures spread through 222 Pages and an
in-depth TOC on
"Global
Blockchain Market" https://www.techsciresearch.com/report/global-blockchain-market/1462.html
Public blockchain
dominated the global blockchain market in 2016, and the segment is expected to
maintain its dominance over the next five years as well. Public blockchain
protocols are based on the Proof of Work (POW) consensus algorithms, which are
open source, which implies that everyone can explore them. Anyone can
download the code and run a public node on their local device, validating the
transactions in the network, thus participating in the consensus process (the
process for determining which blocks get added to the chain and what is the
current state). BFSI sector is the largest user of blockchain technology across
the globe, and the trend is expected to prevail during the forecast period.
Download Sample Report
Customers can also request for 10% free customization on this report.
“Blockchain
technology helps in resolving challenges associated with transaction
speed, verification process and data limitations. Blockchain technology enables
disintermediation & trustless exchange, enabling two parties to make an
exchange without the oversight or intermediation of the third party, thereby
strongly reducing, or rather, eliminating the counterparty risk. In addition,
this technology empowers the users as they are in absolute control of all their
information and transactions.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global
Blockchain Market By Type, By Application, By
Enterprise, By End User, Competition Forecast & Opportunities, 2012 – 2022” has
evaluated the future growth potential of global blockchain market and provides
statistics and information on market size, structure and future market growth.
The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment evaluation. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global blockchain market.
Browse Related Reports
Global Internet of Things (IoT) Services Market By Type
(Professional and Managed Services), By Application (Manufacturing, Healthcare,
Smart Homes and Buildings, Smart Cities, etc.), By Region, Competition Forecast
and Opportunities, 2011 - 2021
Global
Smart Homes Market By Application (Energy Management Systems, Security &
Access Control Systems, etc.), By Technology (Wireless Communication
Technology, etc.), By Region, Competition Forecast and Opportunities, 2011 –
2021
United States Sensor Market By Type (Touch
Sensors, Image Sensors, Pressure Sensors, Motion Sensors, etc.), and By
Application (Consumer Electronics, Healthcare, Automotive, etc.) Competition
Forecast and Opportunities, 2011 – 2021
About TechSci Research
TechSci Research is a leading global market research firm
publishing premium market research reports. Serving 700 global clients with
more than 600 premium market research studies, TechSci Research is serving
clients across 11 different industrial verticals. TechSci Research specializes
in research based consulting assignments in high growth and emerging markets,
leading technologies and niche applications. Our workforce of more than 100
fulltime Analysts and Consultants employing innovative research solutions and
tracking global and country specific high growth markets helps TechSci clients
to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
No comments:
Post a Comment