Blockchain Market Report 2021 : Size, Growth, Trends, Share and Forecast 2030

(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the market report for Blockchain Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Blockchain Market products.

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Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2025.

The Blockchain Market is expected to grow with a significant CAGR during the forecast period, i.e. 2021-2025, on the back of growing internet penetration around the world along with the rising adoption of smartphone. The statistics by the GSMA Intelligence stated that the total unique mobile subscribers as on May 2020 around the world was 5.24 billion.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

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.

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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.

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

Weakness:
Unregulated and not monitored by any central bank

Opportunities:
Increasing traceability and customer experience
Providing Security of online communications

Threats:
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.

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

By Application
*Payments
*Smart Contracts
*Exchanges
*Documentation
*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
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa

The Market report answers the following questions:

What is the aim of the report?

• The market report presents the estimated market size of Blockchain Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
• Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
• An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
• The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
• The various parameters accelerating the growth of Market are incorporated in the research report.
• The report analyzes growth rate, market size and valuation of the Market during the forecast period.

What aspects regarding the regional analysis Market are included in this report?

• Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
• The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
• The growth rate of the market in every region, including their countries over the forecast period is included in the market report.

Based on what factors are the key market players assessed in this report?

• The report offers detailed analysis of leading companies in the market across the globe.
• It provides details of the major vendors involved in the Market including Key Playes
• A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
• The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
• The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

What is the key information extracted from the report?

• Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
• The report offers the present scenario and future growth prospects Market in various geographical regions.
• The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
• The SWOT analysis is conducted along with Porter's Five Force analysis.
• The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

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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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James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology

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