The global blockchain distributed ledger market size is expected to reach USD 228.31 Billion in 2018 and register a steady revenue CAGR of 62.5% over the forecast period, according to latest analysis by Emergen Research. Improved data transparency and accountability in blockchain distributed ledger technology is a key factor driving global blockchain distributed ledger market revenue growth. Blockchain distributed ledger technology provides better data security to its client enterprises. In general, enterprises are required to stock and share private data between different shareholders involved in a project. Blockchain distributed ledgers help them to store and manage that private information with high level of security.
Restricting identity theft, ending denial of service attacks, and avoiding data tampering are three aspects in which blockchain distributed ledgers ensure data security to enterprises. In addition, lower risk of backdoor transactions and reduced unauthorized intervention are some of key benefits of using this technology. It effectively helps to improve payment clearing processes and for this reason, banks and other financial institutions are widely using blockchain distributed ledgers.
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Some major factors expected to hamper market revenue growth include scalability and data immutability. Blockchain distributed ledgers are not scalable. This technology slows down as more users or nodes join the network because transactions depend mainly on network congestion. Another problem arising with use of blockchain distributed ledgers is data immutability. Data cannot be erased once it is written. A person using blockchain distributed ledger technology would be unable to erase its trace from the system. In addition, high implementation cost restricts wider deployment and in turn is restraining global blockchain distributed ledger market growth.
The report projects the market is anticipated to grow at a significant rate owing to raid advancements and technological developments in the sector. The report offers strategic recommendations to the businesses and investors to capitalize on the lucrative growth opportunities. The report further provides a comprehensive analysis of the competitive landscape and provides complete coverage with regard to company profiles, product portfolio, revenue generation, financial standing, and market position. It also covers mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, agreements, and partnerships, among others. It also offers insights into the manufacturing processes, revenue estimations, RD advancements, and industrial penetration.
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The report also discusses the key players involved in the market such as Intel Corporation, NTT DATA Corporation, Amazon Web Services, Inc., Global Arena Holding, Inc., International Business Machine (IBM) Corporations, Digital Asset Holdings, LLC, Accenture PLC, Huawei Technologies Co., Ltd., AlphaPoint, and iXledger and others as well as new entrants in the market. It focuses on the recent mergers acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.
Emergen Research has segmented the global blockchain distributed ledger market on the basis of component, type, enterprise size, application, end-use, and region:
Component Outlook (Revenue, USD Billion; 2018–2028)
Solution
Services
Type Outlook (Revenue, USD Billion; 2018–2028)
Private
Public
Hybrid
Enterprise Size Outlook (Revenue, USD Billion; 2018–2028)
Large Enterprise
Small Medium Enterprise
Application Outlook (Revenue, USD Billion; 2018–2028)
Payments
Smart Contracts
Supply Chain Management
Compliance Management
Trade Finance
Others
End-use Outlook (Revenue, USD Billion; 2018–2028)
BFSI
Government Public
Manufacturing
Retail E-Commerce
Media Entertainment
Transportation Logistics
Healthcare
Energy Utilities
Others
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Regional Analysis:
This section of the report offers valuable insights into the geographical segmentation of the Blockchain Distributed Ledger market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.
The report classifies the global Blockchain Distributed Ledger market into various regions, including:
North America (U.S., Canada)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Middle East Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)
Highlights of Table of Contents (TOC):
Overview of Global Blockchain Distributed Ledgers Market
Competitive analysis of the Blockchain Distributed Ledgers market
Regional analysis of Global Blockchain Distributed Ledgers market production and revenue
Regional analysis of Global Blockchain Distributed Ledgers market supply, consumption, and export import
Type-based market analysis of global Blockchain Distributed Ledgers production, revenue, and price trends
Application-based analysis of the global Blockchain Distributed Ledgers market
Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Blockchain Distributed Ledgers market
Global Blockchain Distributed Ledgers market forecast (2021-2028)
Conclusion of the research report
Appendix
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