Blockchain Technology Market Analysis:
The blockchain technology market size is predicted to grow at a healthy 67.54% CAGR during the forecast period (2022- 2030), states the latest Market Research Future’s (MRFR) blockchain technology market forecast report.
Market Drivers:
Increasing Acceptance of Cryptocurrency to Boost Market Growth
The increasing acceptance of cryptocurrency worldwide is predicted to boost market growth over the forecast period. Central and commercial banks across the globe are now utilizing blockchain technology for payment processing and issuing of their digital currencies. This technology allows cross-border payments which are less expensive and faster as compared to traditional systems.
Opportunities:
Rising Security about Payment and Transaction to Offer Robust Opportunities
Rising security concern for transactions and payments by companies is predicted to offer robust opportunities for the market in the forecast period. Blockchain technology offers secure and faster payment services through cryptography technology that keeps the data encoded until it will reach to receiver.
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Restraints:
Regulatory Uncertainties to Act as Restraints
Regulatory uncertainties and security concerns will impact the blockchain technology market share over the forecast period.
Blockchain Technology Market – Segmentation:
The report is segmented five dynamics;
By Service Provider: Application and Solution Provider, Middleware Provider, Infrastructure & Protocol Provider, and others.
By Organization Size: Large, Small, and Medium Enterprises.
By Application: Payment & Transaction, Smart Contract, Digital Identity, Documentation, Exchanges, and others.
By End-Users: Healthcare & Life Sciences, BFSI, IT & Telecommunication, Retail, Government, Travel & Hospitality, Real Estate & Construction, and others.
By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.
Key Players:
Eminent players profiled in the global blockchain technology companies report include Deloitte Touche Tohmatsu Limited, IBM Corporation, Hewlett Packard, Enterprise Company, Accenture PLC, Infosys Limited, Cyber Infrastructure Pvt. Ltd, Solulab Inc., Empirica S.A, Microsoft Corporation, Oracle Corporation, and Amazon Web Services, Inc.
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