Global Blockchain Assessment Market Overview
Introduction:
Blockchain assessment has evolved from a public ledger to maintain transactions to currency for trade at global level in the past decade. Blockchain’s usage has evolved and is used where transactional records are accumulated, stored, and shared across all the network participants that cannot be tampered with. Thus, its immutable nature has won it tremendous popularity in wide range of sectors that are constantly seeking operational efficiency. This assessment made the biggest disruption of the decade in the banking industry with “Bitcoin”, making the term synonymous with the sector. The Blockchain Assessment Market accounted for US$ 1501.0 million in 2019 and is estimated to be US$ 39669.7 million by 2025 and is anticipated to register a CAGR of 72.6%.
Impact of COVID19 Pandemic on Market
The COVID-19 pandemic has had a major impact on the way of life across the world. Blockchain can play a crucial role in accelerating digital transformation activities and initiatives. The technology can be used for public health data surveillance, crisis management, donation tracking, securing medical supply chains and others. According to the Organization for Economic Co-operation and Development (OECD), the market will see a slight slowdown, with a decrease in technology spending in 2020, as compared to previous year.
Global Blockchain Assessment Market Dynamics
Increasing adoption of DLT system based on advance analytics
Blockchain technology is being increasingly used in the BFSI segment for financial transactions and cross-border payments. In the Banking and financial sector, it is utilized to secure payments, maintain customer identities, settle cross-border payments, etc. Blockchain technology is also employed in Healthcare Sector, Supply Chain Management, Energy, Media, and Informatics, etc. Banking financial services and insurance (BFSI) together holds the largest share. Blockchain in retail industry under Supply chain management is the fastest growing sector. One of the emerging drivers for the blockchain assessment market is the increasing adoption of the distributed ledger technology (DLT) system based on advanced data analytics. Services based on the DLT system help to trade and monitor via digital currency.
However, the setting up process and operability are much more complex and require experienced resources.
Global Blockchain Assessment Market Segmentation
The global blockchain assessment market is segmented based on type, application, and region. On the basis of type the global market is segmented into private, public and hybrid. The Public networks are the most dominant segment in the market due to the growing tendency of the government and institutions to inculcate open and efficient transactions.
Depending upon application, the target market is segmented into financial services, consumer or industrial products, technology, media & telecom, healthcare, transportation, public sector, others. The financial sector shares the highest market in most of the technology and has been a proactive partner and investor in the development from its initial stages. The blockchain technology tends to immensely benefit financial transactions that take place in businesses around the world by providing anonymity, openness, and efficiency by leveraging the capabilities of the internet era.
Regional Insights:
According to the region, market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American region dominated the blockchain assessment market in 2019. This can be attributed to faster adoption of innovative technologies in developed countries such as the U.S., and Canada. The growing adoption of the market among the verticals including BFSI, government, retail, among others for the implementation of the payment and wallet solution, digital identity detection, and smart contracts expected to drive the market growth in the region. The growing adoption of the blockchain technology among the verticals including BFSI, government, retail, among others for the implementation of the payment and wallet solution, digital identity detection, and smart contracts expected to drive the market growth in the region.
Detail Segmentation:
|
Attribute |
Details |
|
The base year for estimation |
2019 |
|
Forecast Period |
2019 - 2025 |
|
Market Representation |
Revenue in USD Million & CAGR from 2019-2029 |
|
Market Segmentation |
By Type - Private, Public, and Hybrid By Application - Financial Services, Consumer or Industrial Products, Technology, Media & Telecom, Healthcare, Transportation, Public Sector, Others By Region - North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
|
Regional Scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report Coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments covered in the report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global blockchain assessment market report based on type, application and region.
Global Blockchain Assessment Market, By Type
- Private
- Public
- Hybrid
Global Blockchain Assessment Market, By Application
- Financial Services
- Consumer or Industrial Products
- Technology
- Media & Telecom
- Healthcare
- Transportation
- Public Sector
- Others
Global Blockchain Assessment Market, By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Global Blockchain Assessment Market Key Players
The major key players operating in the market includes International Machines Business Corporation (IBM), Amazon Web Services Inc., Microsoft Corporation, SAP SE, Intel Corporation, Oracle Corporation, Bitfury USA Inc., Cegaka NV, Earthport plc, and GuardTime AS. Companies like CONSENSYS are collaborating with other technology developers to provide comprehensive solutions, and services for decentralized applications. These companies are accelerating the procurement of Enterprise Ethereum and enabling governments and businesses use blockchain effectively.
Global Blockchain Assessment Market Company Profile
- International Machines Business Corporation (IBM)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Amazon Web Services Inc.
- Microsoft Corporation
- SAP SE
- Intel Corporation
- Oracle Corporation
- Bitfury USA Inc.
- Cegaka NV
- Earthport plc
- GuardTime AS
Global Blockchain Assessment Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Blockchain Assessment Market Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Additional Information
- Blockchain Technology
- Working of Blockchain Technology
- Levels of Blockchain Technology
- Blockchain Applications Overview
- Values Stake of Blochain in Various Industries
- Feasibility of Blockchain in Various Industries
- Competitive Landscape of Blockchain
- User Cases of Blockchain
- Regulators and Policy Markers
- Technological Advancements
- Assessment Framework
- Blockchain Technology
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Porter’s Analysis
- Market Dynamics
- Global Blockchain Assessment Market, By Type, 2019 – 2025, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2025
- Y-o-Y Growth Analysis (%), 2019 – 2025
- Segment Trends
- Private
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Public
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Hybrid
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Overview
- Global Blockchain Assessment Market, By Application, 2019 – 2025, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2025
- Y-o-Y Growth Analysis (%), 2019 – 2025
- Segment Trends
- Financial Services
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Consumer or Industrial Products
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Technology
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Media & Telecom
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Healthcare
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Transportation
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Public Sector
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Overview
- Global Blockchain Assessment Market, By Region, 2019 – 2025, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2025
- Y-o-Y Growth Analysis (%), 2019 – 2025
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2025
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2025
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2025
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2025
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2025
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2025
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2025
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2025
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2025
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2025
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2025
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2025
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2025
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2025
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2025
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- International Business Machines Corporation (IBM)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Amazon Web Services, Inc.
- Microsoft Corporation
- SAP SE
- Intel Corporation
- Oracle Corporation
- Bitfury USA, Inc.
- Cegeka NV
- Earthport plc
- GuardTime AS
- International Business Machines Corporation (IBM)
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global blockchain assessment market is segmented based on type, application, and region.
Blockchain in retail industry under Supply chain management is the fastest growing sector. One of the emerging drivers for the blockchain assessment market is the increasing adoption of the distributed ledger technology (DLT) system based on advanced data analytics. Services based on the DLT system help to trade and monitor via digital currency.
The North American region dominated the blockchain assessment market in 2019. This can be attributed to faster adoption of innovative technologies in developed countries such as the U.S., and Canada.
The key players operating in the Blockchain Assessment Market includes International Machines Business Corporation (IBM), Amazon Web Services Inc., Microsoft Corporation, SAP SE, Intel Corporation, Oracle Corporation, Bitfury USA Inc., Cegaka NV, Earthport plc, and GuardTime AS.