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Market Research Report

Blockchain Technology Market Size, Share & Trends Analysis Report By Type (Public, Private, Hybrid), By Application (Financial Services, Consumer Products, Technology, Telecom), And Segment Forecasts, 2018 - 2024

Published by Grand View Research, Inc. Product code 421190
Published Content info 80 Pages
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Blockchain Technology Market Size, Share & Trends Analysis Report By Type (Public, Private, Hybrid), By Application (Financial Services, Consumer Products, Technology, Telecom), And Segment Forecasts, 2018 - 2024
Published: May 7, 2018 Content info: 80 Pages
Description

The global blockchain technology market size is expected to reach USD 7.59 billion by 2024, according to a new report by Grand View Research, Inc., registering a 37.2% CAGR during the forecast period. Increasing demand for this technology across financial services, consumer or industrial products, technology, media and telecom, healthcare, transportation, and public sectors is largely responsible for market growth.

Blockchain technology works as an electronic transaction-processing and record-keeping system. This allows various participants who are connected to the network, usually public, to track information through a secure network, thereby eliminating the need for any kind of third-party verification. Increasing online transactions, digitization of currency, and secure online payment gateways are few of the major factors expected to fuel demand over the coming years.

The market is expected to exhibit significant growth owing to abundant benefits provided by this technology, such as eliminating need for any financial institution to authenticate transactions, eliminating reconciliation, reducing duplicative recordkeeping, facilitating faster settlement, and minimizing error rates. This technology allows access to databases from everywhere, thereby allowing multiple institutions to use it simultaneously to bring different systems nearer and help improve efficiency.

Major growth drivers include growing interest of the BFSI sector and increasing merchants accepting cryptocurrencies. The probable opportunity of this technology further includes instant settlement of various financial transactions and achieving optimized settlement options for netting and clearing process.

Further key findings from the report suggest:

In order to improve the efficiency of the underlying financial processes and help minimize risks, investments have been made in the technology by various financial institutions in association with key technology players

The public blockchain network segment is anticipated to witness significant growth over the forecast period, registering a CAGR of 39.2%. The market is still in the development phase and is, therefore, marked by an extensive presence of new developments in the technology and its integration

Blockchain technology will also enable an irrevocable immediate settlement that will, in turn, restrict any kind of transactional changes once the request has been processed. These technological changes are expected to fuel market growth

Some of the prominent vendors in the market are Chain Inc.; Circle Internet Financial Limited; Digital Asset Holdings; Eric Industries; IBM Corporation; Linux Foundation; Post-Trade Distributed Ledger; R3; Ripple; and Safello.

Table of Contents
Product Code: GVR-1-68038-329-4

Table of Contents

Chapter 1 Methodology and Scope

  • 1.1 Research Methodology
  • 1.2 Research Scope and Assumptions
  • 1.3 List of Data Sources

Chapter 2 Executive Summary

  • 2.1 Blockchain Technology - Industry Snapshot & Key Buying Criteria, 2015 - 2024
    • 2.1.1 Global blockchain technology market, 2015 - 2024

Chapter 3 Blockchain Technology Industry Outlook

  • 3.1 Market Trends and Outlook
  • 3.2 Market Segmentation and Scope
  • 3.3 Market Size and Growth Prospects
  • 3.4 Value Chain Analysis
  • 3.5 Blockchain Technology - Market Adoption Timelines
    • 3.5.1 Market driver analysis
      • 3.5.1.1 Increasing merchants accepting cryptocurrency
      • 3.5.1.2 Growing market for alternative cryptocurrencies
      • 3.5.1.3 Growing interest in blockchain among financial institutions
    • 3.5.2 Market restraint analysis
      • 3.5.2.1 Regulatory uncertainty
    • 3.5.3 Market opportunity analysis
      • 3.5.3.1 Instant settlement of financial transaction
      • 3.5.3.2 Netting and clearing process to achieve optimized settlement
  • 3.6 Blockchain Technology - Key Opportunities Prioritized
    • 3.6.1 Banking and financial institutions
    • 3.6.2 Consumer products
    • 3.6.3 Technology, media, and telecommunication
    • 3.6.4 Healthcare, transportation, and public sector
  • 3.7 Blockchain Technology - Porter's Analysis
  • 3.8 Blockchain Technology - PEST Analysis

Chapter 4 Blockchain Technology Application Outlook

  • 4.1 Blockchain technology market share by application, 2015 & 2024
  • 4.2 Financial services
    • 4.2.1 Blockchain technology market in financial services, 2015 - 2024
  • 4.3 Consumer products
    • 4.3.1 Blockchain technology market in consumer products, 2015 - 2024
  • 4.4 Technology, media, & telecommunications
    • 4.4.1 Blockchain technology market in technology, media, & telecommunications, 2015 - 2024
  • 4.5 Healthcare
    • 4.5.1 Blockchain technology market in healthcare, 2015 - 2024
  • 4.6 Transportation
    • 4.6.1 Blockchain technology market in transportation, 2015 - 2024
  • 4.7 Public sector
    • 4.7.1 Blockchain technology market in public sector, 2015 - 2024

Chapter 5 Blockchain Technology Regional Outlook

  • 5.1 Blockchain technology market share, by region, 2015 & 2024
  • 5.2 North America
    • 5.2.1 North America blockchain technology market, 2015 - 2024
    • 5.2.2 North America blockchain technology market, by application, 2015 - 2024
    • 5.2.3 U.S.
      • 5.2.3.1 U.S. blockchain technology market, by application, 2015 - 2024
    • 5.2.4 Canada
      • 5.2.4.1 Canada blockchain technology market, by application, 2015 - 2024
    • 5.2.5 Mexico
      • 5.2.5.1 Mexico blockchain technology market, by application, 2015 - 2024
  • 5.3 Europe
    • 5.3.1 Europe blockchain technology market, 2015 - 2024
    • 5.3.2 Europe blockchain technology market, by application, 2015 - 2024
    • 5.3.3 U.K.
      • 5.3.3.1 U.K. blockchain technology market, by application, 2015 - 2024
    • 5.3.4 Germany
      • 5.3.4.1 Germany blockchain technology market, by application, 2015 - 2024
    • 5.3.5 France
      • 5.3.5.1 France blockchain technology market, by application, 2015 - 2024
  • 5.4 Asia Pacific
    • 5.4.1 Asia Pacific blockchain technology market, 2015 - 2024
    • 5.4.2 Asia Pacific blockchain technology market, by application, 2015 - 2024
    • 5.4.3 China
      • 5.4.3.1 China blockchain technology market, by application, 2015 - 2024
    • 5.4.4 Japan
      • 5.4.4.1 Japan blockchain technology market, by application, 2015 - 2024
    • 5.4.5 Australia
      • 5.4.5.1 Australia blockchain technology market, by application, 2015 - 2024
  • 5.5 South America
    • 5.5.1 South America blockchain technology market, 2015 - 2024
    • 5.5.2 South America blockchain technology market, by application, 2015 - 2024
  • 5.6 MEA
    • 5.6.1 MEA blockchain technology market, 2015 - 2024
    • 5.6.2 MEA blockchain technology market, by application, 2015 - 2024

Chapter 6 Competitive Landscape

  • 6.1 BTL Group Ltd.
    • 6.1.1 Company Overview
    • 6.1.2 Product Information
    • 6.1.3 Strategic Initiatives
  • 6.2 Chain, Inc.
    • 6.2.1 Company Overview
    • 6.2.2 Product Information
    • 6.2.3 Strategic Initiatives
  • 6.3 Circle Internet Financial Limited
    • 6.3.1 Company Overview
    • 6.3.2 Product Information
    • 6.3.3 Strategic Initiatives
  • 6.4 DeloitteTouche Tohmatsu Limited
    • 6.4.1 Company Overview
    • 6.4.2 Financial Information
    • 6.4.3 Product Information
    • 6.4.4 Strategic Initiatives
  • 6.5 Digital Asset Holdings, LLC
    • 6.5.1 Company Overview
    • 6.5.2 Financial Information
    • 6.5.3 Product Information
    • 6.5.4 Strategic Initiatives
  • 6.6 Global Arena Holding, Inc. (GAHI)
    • 6.6.1 Company Overview
    • 6.6.2 Financial Information
    • 6.6.3 Strategic Initiatives
  • 6.7 IBM Corporation
    • 6.7.1 Company Overview
    • 6.7.2 Financial Information
    • 6.7.3 Product Information
    • 6.7.4 Strategic Initiatives
  • 6.8 The Linux Foundation
    • 6.8.1 Company Overview
    • 6.8.2 Product Information
    • 6.8.3 Strategic Initiatives
  • 6.9 Microsoft Corporation
    • 6.9.1 Company Overview
    • 6.9.2 Financial Information
    • 6.9.3 Product Information
    • 6.9.4 Strategic Initiatives
  • 6.10 Monax
    • 6.10.1 Company Overview
    • 6.10.2 Product Information
    • 6.10.3 Strategic Initiatives
  • 6.11 Ripple
    • 6.11.1 Company Overview
    • 6.11.2 Product Information
    • 6.11.3 Strategic Initiatives

List of Tables

  • TABLE 1 Blockchain technology - Industry snapshot & key buying criteria, 2015 - 2024
  • TABLE 2 Global blockchain technology market, 2015 - 2024 (USD Million)
  • TABLE 3 Global blockchain technology market, by region, 2015 - 2024 (USD Million)
  • TABLE 4 Global blockchain technology market, by network, 2015 - 2024 (USD Million)
  • TABLE 5 Global blockchain technology market, by application, 2015 - 2024 (USD Million)
  • TABLE 6 Blockchain technology market in financial services, 2015 - 2024 (USD Million)
  • TABLE 7 Blockchain technology market in financial services, by region, 2015 - 2024 (USD Million)
  • TABLE 8 Blockchain technology market in consumer products, 2015 - 2024 (USD Million)
  • TABLE 9 Blockchain technology market in consumer products, by region, 2015 - 2024 (USD Million)
  • TABLE 10 Blockchain technology market in technology, media, & telecommunications, 2015 - 2024 (USD Million)
  • TABLE 11 Blockchain technology market in technology, media, & telecommunications, by region, 2015 - 2024 (USD Million)
  • TABLE 12 Blockchain technology market in healthcare, 2015 - 2024 (USD Million)
  • TABLE 13 Blockchain technology market in healthcare, by region, 2015 - 2024 (USD Million)
  • TABLE 14 Blockchain technology market in transportation, 2015 - 2024 (USD Million)
  • TABLE 15 Blockchain technology market in transportation, by region, 2015 - 2024 (USD Million)
  • TABLE 16 Blockchain technology market in public sector, 2015 - 2024 (USD Million)
  • TABLE 17 Blockchain technology market in public sector, by region, 2015 - 2024 (USD Million)
  • TABLE 18 North America blockchain technology market, 2015 - 2024 (USD Million)
  • TABLE 19 North America blockchain technology market, by application, 2015 - 2024 (USD Million)
  • TABLE 20 U.S. blockchain technology market, by application, 2015 - 2024 (USD Million)
  • TABLE 21 Canada blockchain technology market, by application, 2015 - 2024 (USD Million)
  • TABLE 22 Mexico blockchain technology market, by application, 2015 - 2024 (USD Million)
  • TABLE 23 Europe blockchain technology market, 2015 - 2024 (USD Million)
  • TABLE 24 Europe blockchain technology market, by application, 2015 - 2024 (USD Million)
  • TABLE 25 UK blockchain technology market, by application, 2015 - 2024 (USD Million)
  • TABLE 26 Germany blockchain technology market, by application, 2015 - 2024 (USD Million)
  • TABLE 27 France blockchain technology market, by application, 2015 - 2024 (USD Million)
  • TABLE 28 Asia Pacific blockchain technology market, 2015 - 2024 (USD Million)
  • TABLE 29 Asia Pacific blockchain technology market, by application, 2015 - 2024 (USD Million)
  • TABLE 30 China blockchain technology market, by application, 2015 - 2024 (USD Million)
  • TABLE 31 Japan blockchain technology market, by application, 2015 - 2024 (USD Million)
  • TABLE 32 Australia blockchain technology market, by application, 2015 - 2024 (USD Million)
  • TABLE 33 South America blockchain technology market, 2015 - 2024 (USD Million)
  • TABLE 34 South America blockchain technology market, by application, 2015 - 2024 (USD Million)
  • TABLE 35 MEA blockchain technology market, 2015 - 2024 (USD Million)
  • TABLE 36 MEA blockchain technology market, by application, 2015 - 2024 (USD Million)

List of Figures

  • FIG. 1 Market trends and outlook
  • FIG. 2 Market segmentation and scope
  • FIG. 3 Global blockchain market revenue, 2014 - 2024 (USD Million)
  • FIG. 4 Value chain relevance analysis
  • FIG. 5 Market adoption timelines
  • FIG. 6 Global FinTech Investment Scenario
  • FIG. 7 Market driver relevance analysis (current & future impact)
  • FIG. 8 Market capitalization of internet-based currencies, 2015
  • FIG. 9 Market restraint relevance analysis (current & future impact)
  • FIG. 10 Market opportunity relevance analysis (current & future impact)
  • FIG. 11 Key opportunities prioritized
  • FIG. 12 Opportunity analysis
  • FIG. 13 Porter's five forces analysis
  • FIG. 14 PEST analysis
  • FIG. 15 Blockchain technology market by application, 2015 & 2024
  • FIG. 16 Blockchain technology market, by region, 2015 & 2024
  • FIG. 17 Regional marketplace: Key takeaways
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