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(MoneyNewsWire.Net, April 04, 2018 ) A blockchain is a digitized ledger that keeps secure track of digital currency transactions without any centralized record. Blockchain technology refers to distributed ledger technology (DLT) that stores the data across the network ensuring secured business transaction with less friction and more transparency. The blockchain technology is expected to make more scalable and safer business in a cost-effective way due to its ability to make efficient digital agreements, a better mean of establishing identity.
According to Publisher, the global blockchain market to grow from USD 212.09 million in 2016 to USD 4847.7 million by 2023, at a CAGR of 56.37%. The year 2016 has been considered as the base year, while the forecast period is up-to 2023.
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Market Dynamics:
• Drivers
o Need of Transparency and immutability in transaction
o Consumer protection and money laundering regulations
o Secure transaction and improved auditability
o Reduced transaction and transaction settlement time
o More use cases and removal of middlemen and distributed database
• Restraints
o Issue of low scalability
o Lack of understanding and knowledge
o Uncertain industry regulation and governance
o User privacy and security concern
• Opportunities
o Fintech and insurtech
o Industry apps and cloud
• Challenges
o IoT with complete transparency of the decentralized ledger
o Complex technical
o Integration concerns
Scope of the Report:
The research report categorizes the blockchain market to forecast the revenues and analyze the trends in each of the following subsegments:
• Industry Trends Analysis
o Aerospace & Defense
o Banking, Financial Services & Insurance
o Consumer Goods & Retail
o Education
o Energy & Utilities
o Government
o Healthcare & Life Sciences
o Information Technology
o Manufacturing
o Media & Entertainment
o Telecommunication
o Transportation & Logistics
o Travel & Hospitality
Read More Information and Full TOC of the Report@ http://www.reportsweb.com/global-blockchain-market-trends-analysis-product-usability-profiles-and-forecasts-to-2023
• Geographic Trends Analysis
o Americas
United States
o Europe, Middle East & Africa
United Kingdom
Germany
Saudi Arabia
o Asia-Pacific
China
Japan
India
Product Usability Profiles:
The blockchain market research report provides the product usability profiles and analyze the features & pricing, informant reviews of the following product:
• AlphaPoint Exchange Solutions
• BigchainDB Blockchain Database
• Blockchain on Azure
• Chain Core
• IBM Blockchain as a Service
• Oracle Blockchain Cloud Service
• Rubix
• SAP Leonardo
• Stratis Blockchain
• TIBCO Blockchain Solution
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Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of blockchain market. Moreover, the study highlights current market trends and provides forecast. We also have highlighted future trends in the blockchain market that will impact the demand during the forecast period. Moreover, the competitive analysis of blockchain market brings an insight on the product usability profiles of the leading players. Additionally, the analysis highlights features & pricing, informant reviews of the key products in the market.
Reasons to Buy:
The blockchain market research study reveals hidden insights and dynamic, which in turn helps the players in the ecosystem take better strategic decisions. The firms looking for purchasing the global blockchain market research report could look for following prospects on their way to better understand the market that can aid further decision making and possibly identify the best opportunities to exploit.
• Evaluate the qualitative and quantitative aspects of the report and analyze the blockchain market penetration with respect to industries and geographies.
• Evaluate the key vendors in the blockchain market in terms of products satisfaction and business strategy. This helps identify consumer preferences and understand its current position in 360iResearch FPNV Positioning Matrix.
• Evaluates the key vendors and deeply analyze competitive landscape, revenue pockets, market trends, growth prospects, pain points, drivers, restraints, challenges and opportunities of the blockchain market.
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