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Sep 29, 2020 (AmericaNewsHour) —
Global Blockchain Market was valued at USD 357.8 Million in the year 2017. Global Blockchain Market is further estimated to grow at a CAGR of 74.4% from 2019 to reach USD 30.74 Billion by the year 2025. North America region holds the highest Market share in 2017 and the Asia-Pacific Market is considered as the fastest growing Market in the forecasted period due to high adoption and acceptance of blockchain technology. At a country level, the U.S., Japan & China are projected to grow strongly in the coming years.

Major market players in Blockchain Market are 360 Blockchain Inc., Amazon AWS, Abra (US), Deloitte, IBM Blockchain, Microsoft Blockchain, Chain, Inc., Ripple, BTL Group, Coinbase, Axoni, JP Morgan Chase, and other 10 more companies overview provided in the report. Rising research and development expenses to cater to changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

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SWOT Analysis of Blockchain Market:
Rapidly growing cryptocurrency Market
Providing faster transactions

Unregulated and not monitored by any central bank

Increasing traceability and customer experience
Providing Security of online communications

Security & privacy
Lack of awareness about technology

On the basis of providers application and solution provider holds the highest Market share in coming years. The segmentation is done on the basis of Market Vertical, the real estate segment is expected to hold the highest Market share among other industries. On the basis of Organization Size, the Market is segmented into small and medium-sized enterprises (SMEs) and large enterprises of which large enterprises is expected to grow at the highest CAGR during the forecasted period.

By Provider
*Application and solution provider
*Middleware provider
*Infrastructure and protocol provider

By Application
*Smart Contracts
*Digital Identity
*Supply chain management
*Governance, risk and compliance management
*Others (digital voting and content storage management)

By Market Vertical
*Banking, Financial Services, and Insurance (BFSI)
*Government and public sector
*Healthcare and life sciences
*Media and entertainment
*Retail and e-commerce
*Travel and hospitality
*Transportation and logistics
*Real estate
*IT and telecommunications
*Others (Automotive, Education, Energy and Utilities)

By Organization Size
*Small and Medium-Sized Enterprises (SMEs)
*Large enterprises

By Region
North America
*Rest of Europe
*Rest of Asia-Pacific
*Latin America
*Middle East & Africa

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About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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The post Blockchain Market Global Size, Opportunities, Historical Analysis, Development Status, Business Growth and Regional Forecast appeared first on America News Hour.


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The MarketWatch News Department was not involved in the creation of this content.