Global Blockchain Market is Projected to Witness a Significant CAGR of 71.46 % During the Forecast Period to Reach a Total Market Size of US$4.401 Billion by 2022, increasing from US$0.297 Billion in 2017

Report Sellers has added a new market research report “Blockchain Market - Forecasts from 2017 to 2022” to its offerings. The report is an in-depth market study providing accurate market insights including the latest trends, forecast, competitive insights, etc.

The global blockchain market is projected to witness a significant CAGR of 71.46 % during the forecast period to reach a total market size of US$4.401 billion by 2022, increasing from US$0.297 billion in 2017. The major factor that has been driving the use of blockchain is the transparency of a transaction along with the ability to be incorruptible which has resulted in increased acceptance among the wider audience. The adoption of DLT (distributed ledger technology) among the various application such as payments, smart contracts, exchanges, digital identities, and documentation has also supplemented its growth. It is expected that the use of blockchain technology is going to increase owing to investments in blockchain technology start-ups, ties between financial organization and blockchain technology providers. Moreover, the strengthening and development of banking sector in the less developed and emerging markets is expected to support the growth of blockchain market.

Global blockchain market is segmented as Bitcoin, Z-Cash, Etherium, Ripple, Litecoin, Monero, and Dash. Bitcoin dominated the market share in 2016, but Etherium is projected to grow at the fastest pace during the forecast period. Ripple, since its inception, has shown signs of considerable growth and is projected to grow in the upward direction. Moreover, Litecoin is bounded for new growth spurt while the price of Monero has hit really high recently indicating its growing popularity.

Some of the major players discussed in the report are Microsoft Corporation, IBM Corporation, Deloitte, Ripple Labs, Inc., Chain, Inc., Circle Internet Financial limited, BitFury Holding B.V., Coinbase, and AlphaPoint Corporation among others.

Browse through the complete description and in-depth TOC on Blockchain Market - Forecasts from 2017 to 2022

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Report Scope

By Product

Bitcoin
Zcash
Ethereum
Ripple
Litecoin
Monero
Dash

By Application

Payments
Contracts
Documentation
Digital Identity
Clearing and Settlement

By End-User

BFSI
Consumer Electronics
Communication and Technology
Media and Entertainment
Healthcare
Transportation and logistics
Government
Retail
Others

By Geography

US,
France,
UK,
Germany,
Russia

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