DUBLIN–(BUSINESS WIRE)–The “Blockchain Technology – Global Market Trajectory & Analytics” report has been added ResearchAndMarkets.com’s Offering.
Global Blockchain technology market will reach $19.9 billion by 2026
The technology at the heart of bitcoin, blockchain technology, is gaining significant importance today. Blockchain is a permanent database that keeps track of every transaction that is carried out. The technology has become an integral part of business-to-business and business-to-consumer trade, products and legal processes. In the banking, finance and insurance sectors, growth is expected to benefit from the increasing use of blockchain in applications such as digital identities, payments, exchange and documentation.
Financial institutions have been at the forefront of innovations in the Blockchain technology space, and the sector has already witnessed successful implementations of use cases such as Nasdaq’s private markets trading platform and Ripple’s cross-border payments platform. Blockchain has significant potential for prescription processing, medical data, online shopping and other areas. The technology is likely to help companies control supply chains, achieve product traceability and maintain controllable records of goods movements. In the post-COVID-19 period, growth in the market will be led by next-generation blockchain innovations and the resulting development of new application areas.
Amid the COVID-19 crisis, the global blockchain technology market is estimated at USD 3.4 billion in the year 2022, to reach a revised size of USD 19.9 billion by 2026, growing at a CAGR of 43% over the analysis period. Public, one of the segments analyzed in the report, is projected to grow at a CAGR of 44.8% to reach USD 21.5 billion by the end of the analysis period.
The US market is estimated at $1 billion by 2022, while China is projected to reach $2.1 billion by 2026
The Blockchain Technology market in the United States is estimated at $1 billion by the year 2022. The country currently accounts for a share of 31.64% in the global market. China, the world’s second largest economy, is forecast to reach an estimated market size of USD 2.1 billion by the year 2026, following a CAGR of 50.2% throughout the analysis period.
Key topics covered:
I. METHODOLOGY
II. BRIEF SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECTED PLAYERS
3. MARKET TRENDS AND DRIVERS
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Unprecedented losses in the supply chain bode well for the integration of new technologies such as Blockchain to increase resilience and reliability
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Accelerated by COVID-19, the digitization of healthcare provides solid opportunities for blockchain implementation
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The rise of telemedicine during the times of COVID-19 brings blockchain into the spotlight to protect telemedicine programs
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Other ways Blockchain can revolutionize healthcare in the post-COVID-19 era
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Pushing into the spotlight is the use of blockchain to combat drug counterfeiting and manage clinical trials
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Increasing prevalence of counterfeiting in the pharmaceutical industry increases the need to exploit the security benefits promised by blockchain
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Post-COVID-19 focus on sustainability to drive blockchain adoption in environmental governance
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Here’s why the environment and sustainability will be top priorities after the pandemic
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How Blockchain can help tackle the sustainability challenge?
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The inefficiency of the public sector and government agencies can now finally be solved with the help of Blockchain
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Blockchain-enabled e-voting may very well be the future of organizational and national voting
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A growing market for smart agriculture to increase the use of blockchain
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Smart Agriculture will become a USD 12 billion global market
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Smart Agriculture opens up a wealth of possibilities for blockchain technology
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Blockchain’s role in smart agriculture demystified
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Growing IoT Ecosystem Systems to Power Blockchain Implementations
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The missing link between security and IoT is Blockchain
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Smart contracts are among the most promising use cases of distributed ledger technology
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Financial Services Sector: The most lucrative application area for blockchain
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Blockchain to improve transparency, security, immutability and accessibility of financial systems and processes
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Blockchain can help in financial inclusion of the unbanked
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Global push for financial inclusion amid still high number of unbanked people in favor of blockchain deployment to remedy the situation
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Online banking fraud can become history with Blockchain
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Mind Bending Loss Incurred Due to Online Banking Fraud Increases Need to Explore the Unparalleled Security Benefits Offered by Blockchain: Cumulative Global Online Fraud (in USD Billion) Between 2020 and 2024 by Region
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Blockchain-based payment processing: An active area of interest for banks
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Great potential for blockchain technology in the pharmaceutical industry
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Blockchain & Artificial Intelligence (AI): A powerful combination
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How the travel industry benefits from Blockchain & AI Combo
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A promising growth outlook for blockchain technology in the energy sector
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Blockchain-powered solutions to streamline processes in the logistics, trucking and commercial transport industries
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
Companies mentioned
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AlphaPoint Corporation
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Blockchain Global
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Blockchain Tech Ltd
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BlockCypher, Inc.
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Block
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Chain, Inc.
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Coinfirm Ltd.
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Consensus Systems Technologies Corporation
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Credits
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Digital Asset Holdings, LLC
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IBM
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LUKKA, INC.
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Microsoft Corporation
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Monax Industries
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Nasdaq
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Ping Identity Corporation
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The Bitfury Group
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The Linux Foundation
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