Press Release

Global Blockchain Market is growing owing to rising application in healthcare sector by 2028.

Growing use of AI and NLP technologies has enabled to drive the market of the Global Blockchain Market in the forecast period of 2024-2028.

According to TechSci Research report, “Blockchain Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018–2028”, the Global Blockchain Market is anticipated to register a robust growth during the forecast period, 2024-2028.  Global Blockchain Market is expanding as it is one of the most significant technological advances in which is gaining traction. The use of blockchain by users could be significantly impacted by trends that emerge throughout the pandemic. One of the main factors fueling the growth of the blockchain industry is the increasing acceptance of blockchain in a variety of industries. In the second quarter of 2021, there were more than 70 million blockchain wallets that had been registered. Every single year, the growth pace of blockchain technology significantly accelerates. While in the corporate world, more than 50% of companies consider blockchain to be a strategic priority. In recent years, the adoption of blockchain has significantly revolutionized the global economy.

Moreover, since the launch of Bitcoin, blockchain technology thrived and is now being adopted by many financial organizations. In the last two to three years, blockchain technology has been increasingly popular for usage in a variety of commercial applications, including payments, exchanges, smart contracts, documentation, and digital identification. Blockchain-based solutions are now being developed by many startups like Auxesis Group, Blockpoint, SpinSys, Symbiont, Bitfury, Confirm, Genomes, Neufund, Fetch.AI, CiveQ, and QubiTech. Venture investors raised their blockchain technology investments in 2018. For instance, Digital Currency Group, which primarily invests in cryptocurrency, fintech, and blockchain firms, has executed more than 197 blockchain and cryptocurrency agreements as of August 2021. Recent investments are Circle and Figure Technologies both of which create software to make financial transactions easier. As a result, the global blockchain market size is escalating due to rising venture capital funding and investments in blockchain technology.


Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Blockchain Market"

The Blockchain market is segmented into based on type, provider, organization size, and vertical . Based on type, the market is segmented into public, hybrid, and private. Based on provider, the market is segmented into infrastructure & protocols provider, application & solution provider, and middleware provider. On the Basis ofBy organization size, the market is segmented into Small & Medium Enterprises, and Large Enterprises. Based on vertical, the market is segmented into Healthcare & Life Sciences, Retail & Ecommerce, BFSI, Government & Public Sector, Automotive, Media & Entertainment, and Others. Due to the demand for open-source, decentralised platforms that allow anybody to engage as users, developers, miners, and community members, the public segment is anticipated to have consistent revenue growth over the course of the projection period. Public blockchains offer the highest level of security. Online hacking assaults are a typical issue for shared networks, so public blockchains make a lot of effort to maintain high security standards. A secure open platform that enables transactions to be completed properly and effectively without revealing users' real names or identities, public deployment provides anonymity.

The Global Blockchain Market has been divided into application providers, middleware providers, and infrastructure providers based on the kind of provider. Due to the expanding demand for more transparency, speed, and security, the application provider segment had the biggest revenue share during the forecasted period. Application providers offer enterprise clients capabilities for creating, hosting, deploying, and sustaining business solutions through a framework other than Hyperledger fabric. Permitted networks that improve transparency, trust, and transaction agility can be advantageous to businesses. Platform providers can assist businesses in managing applications on the platform. Also, customers can alter the blockchain platform to suit their tastes.

Key market players in the Blockchain market:

  • Accenture Plc
  • Alibaba Group Holding Ltd
  • Inc
  • International Business Machines Corp
  • Infosys Ltd
  • Microsoft Corp
  • Oracle Corp
  • Salesforce Inc
  • Tencent Holdings Ltd
  • Wipro Ltd.

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“The market in North America represented the greatest revenue share in the global market throughout the forecast period, according to geographical analysis. The region's market revenue is anticipated to be aided by rising internet usage and the uptake of digital payment methods including cryptocurrency, cashless payments, credit and debit cards, and card-based payment methods, etc. Also, the existence of major corporations with established IT infrastructures and the rising need for swift and secure online payments have prompted businesses to engage in blockchain systems” said, Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Segmented By Type (Public, Hybrid, Private); By Provider (Infrastructure & Protocols Provider, Application & Solution Provider, Middleware Provider); By Organization Size (Small & Medium Enterprises, Large Enterprises), By Vertical (Healthcare & Life Sciences, Retail & Ecommerce, BFSI, Government & Public Sector, Automotive, Media & Entertainment, Others), By Region, Competition has evaluated the future growth potential of Blockchain Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Blockchain Market.


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