DUBLIN–(BUSINESS WIRE)–The “Blockchain Technology – Global Market Trajectory & Analytics” report has been added to from ResearchAndMarkets.com offer.
Global Blockchain Technology Market To Reach $19.9 Billion By 2026
A technology at the heart of bitcoin, blockchain technology is gaining considerable importance today. The blockchain is a permanent database that records every executed transaction. Technology has become an integral part of business-to-business and business-to-consumer commerce, products, and legal processes. In banking, financial services and insurance, growth is expected to benefit from the growing adoption of blockchain in applications such as digital identities, payments, exchanges and documentation.
Financial institutions have been spearheading innovations in the Blockchain technology space, with the industry already witnessing successful implementations of use cases such as the Nasdaq Private Market Trading Platform and the Platform. -Ripple’s cross-border payment form. Blockchain holds great potential for managing prescriptions, medical data, online shopping, and other areas. The technology is likely to help companies control supply chains, ensure product traceability and keep an auditable record of the movement of goods. In the post-COVID-19 era, market growth will be driven by next-generation blockchain innovations and the resulting development of new application areas.
Amid the COVID-19 crisis, the global Blockchain technology market estimated at US$3.4 billion in 2022 is expected to reach a revised size of US$19.9 billion by 2026, with a growing at a CAGR of 43% over the analysis period. Audience, one of the segments analyzed in the report, is expected to grow at a CAGR of 44.8% to reach US$21.5 billion by the end of the analysis period.
The US market is estimated at $1 billion in 2022, while China is expected to reach $2.1 billion by 2026
The Blockchain technology market in the United States is estimated to be worth US$1 billion in 2022. The country currently accounts for a 31.64% share of the global market. China, the world’s second largest economy, is expected to reach an estimated market size of US$2.1 billion in 2026, growing at a CAGR of 50.2% over the analysis period.
Main topics covered:
I. METHODOLOGY
II. ABSTRACT
1. MARKET OVERVIEW
2. FOCUS ON CERTAIN PLAYERS
3. MARKET TRENDS AND DRIVERS
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Unprecedented supply chain losses bode well for the integration of emerging technologies like blockchain to improve resilience and reliability
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Accelerated by COVID-19, digitization of the healthcare system offers strong opportunities for blockchain deployment
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The rise of telemedicine in the time of COVID-19 puts blockchain in the spotlight to protect telemedicine programs
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Other Ways Blockchain Can Revolutionize Healthcare Post-COVID-19
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The use of blockchain in the fight against counterfeit drugs and the management of clinical trials enters the spotlight
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The growing incidence of counterfeiting in the pharmaceutical industry heightens the urgency to leverage 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 post-pandemic
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How Can Blockchain Help Address the Sustainability Challenge?
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Inefficiencies in the public sector and government agencies can finally be solved using blockchain
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Blockchain-enabled electronic voting could very well be the future of organizational and national voting
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A Growing Market for Smart Agriculture to Drive Blockchain Adoption
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Smart agriculture is becoming a US$12 billion global market
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Smart Agriculture Opens Up A Multitude Of Opportunities For Blockchain Technology
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Blockchain’s role in smart farming demystified
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Developing IoT ecosystem systems to power blockchain implementations
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The missing link between security and IoT is the blockchain
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Smart contracts are among the most promising use cases for 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 financial inclusion for the unbanked
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Global push for financial inclusion amid continued high numbers of unbanked to benefit from blockchain deployment to remedy situation
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Online Banking Fraud Could Become History With Blockchain
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The staggering losses piling up due to online banking fraud heighten the urgency to explore the unparalleled security benefits offered by Blockchain: Cumulative Global Online Fraud (USD Billion) 2020-2024 by Region
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Blockchain-Based Payment Processing: An Active Area of Interest for Banks
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Huge Potential of 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 Combining Blockchain and AI
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A Promising Growth Prospect for Blockchain Technology in the Energy Sector
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Blockchain-powered solutions to streamline processes in the logistics, trucking and commercial transportation industry
4. GLOBAL MARKET OUTLOOK
III. MARKET ANALYSIS
IV. COMPETITION
Companies cited
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AlphaPoint Corporation
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Global blockchain
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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 Company
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The Bitfury Group
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The Linux Foundation
For more information about this report visit https://www.researchandmarkets.com/r/l35i34
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