About Blockchain Technology (BT) Market
Blockchain is the distributed ledger technology that is used for the management of financial transactions. Block chain facilitates peer-to-peer transactions without the use of intermediaries such as banks and governing bodies. Bitcoin is regarded as the foundation of the development of BT. BT is the most advanced and innovative distributed ledger management system that has revolutionized the payment industry. The technology is at a nascent stage but has gained popularity in a very short period. Leading financial services firms, IT companies, and manufacturing firms are testing the feasibility to implement BT on a real-time basis.
The analysts forecast the global blockchain technology (BT) market to grow at a CAGR of 55.59% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global blockchain technology (BT) market 2017-2021. To calculate the market size, the report considers the revenue generated from the BT solutions and service providers.
The market is divided into the following segments based on geography:
- Americas
- EMEA
- APAC
Technavio's report, Global Blockchain Technology (BT) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
- Accenture
- IBM
- Microsoft
Other prominent vendors
- Axoni
- Abra
- BTL Group
- BlockCypher
- BitFury Group
- Chain
- ConsenSys
- Deloitte
- Ethereum
- Ezyremit
- Global Arena Holding
- Provenance
- R3
- Ripple
- Scorechain
- Slock.it
- TATA Consultancy Services
Market driver
- Increase in FinTech spending
- For a full, detailed list, view our report
Market challenge
- Network privacy and security concerns
- For a full, detailed list, view our report
Market trend
- Advent of artificial intelligence (AI)
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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