Turkey blockchain market is
anticipated to grow at a steady CAGR during the forecast period, 2023-2027. Turkey
blockchain market is still at a nascent stage. Factors such as increased
investments by public and private players in blockchain technology companies
and growing popularity of cryptocurrency are driving the demand for Turkey
blockchain market. Also, the supportive government policies promoting IT sector
and high demand for blockchain technology for applications like smart
contracts, digital identities and payments are expected to fuel the growth of
Turkey blockchain market over the next five years.
Increased Investments in
Blockchain Technology Drives the Market Growth
Blockchain technology has
gained immense popularity after the introduction of cryptocurrencies and is
being used by several financial institutions to carry out online transactions.
In Turkey, like every elsewhere the blockchain is also linked with cryptocurrencies
and it has been among the leading countries in adoption of cryptocurrency. The
main market players to stay ahead in the market have started to adopt measures
to understand the basics of technology and find ways on how to implement in
their existing business models. Also, Turkey’s young and tech-savvy population
are supporting the growth of blockchain market. A large number of startup
companies have entered the Turkey blockchain market and have started developing
blockchain solutions. BTCTur, Bitci, BiLira, Barakatech, Colendi are some of
the companies who have entered the blockchain market and have started using it
to provide solutions to the customers. Blockchain is being used for different
business applications such as in smart contracts, digital identity,
documentation, payments, exchanges, and others which is another major reason for
their high demand in the country.
Integration of Advanced
Technologies Fuels the Market Growth
Blockchain technology finds
several applications in different areas like banking, IoT and cryptocurrency.
The IoT devices are used in several applications such as in smart
transportation, smart grids, autonomous vehicles, smart homes, smart
infrastructure, and others. Government of Turkey is making efforts to transform
the existing infrastructure in Turkey. They had made announcements in past for
example 2020-2023 National Smart Cities Strategy to support and guide
municipalities to make strategies for the development of smart cities in
Turkey. Blockchain technology can be used to make a decentralized network of
IoT devices which would eliminate the need the need to central location to
handle data sharing between the IoT devices. Blockchain technology is expected
to revolutionize the information sharing process between the devices by
enabling the devices to communicate with each directly without having the need
of monitoring system. Therefore, with the expected transformation of cities
into smart cities and growing awareness about the benefits of using blockchain
technology for different applications is expected to boost the growth of Turkey
blockchain market over the forecast period.
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Market Segmentation
Turkey blockchain market is
segmented into component, provider, type, organization size,
application area, regional distribution,
and company. Based on component, the market is divided into platforms and
services. Based on provider, the market is divided into application, middleware,
and infrastructure. Based on type, the market is divided into private, public,
and hybrid. Based on organization size, the market is divided into large and
small & medium. Based
on application area, the market is divided into transportation & logistics,
agriculture & food, manufacturing, energy & utilities, healthcare,
BFSI, entertainment, IT & telecom, and others. Turkey Blockchain
market is studied in major regions namely Marmara Region, Central Anatolia,
Aegean Region, Mediterranean Region, Black Sea Region, South-Eastern Anatolia
Region, Eastern Anatolia Region.
Market Players
IBM Corporation, Amazon Web
Services, SAP SE, Intel Corporation, Oracle, Huawei, Accenture PLC, Wipro,
Blockcypher, Applied Blockchain Ltd., are among the major market players operating
in the Turkey Blockchain market.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021
and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Component
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Provider
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Type
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Organization
Size
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Application
Area
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Regional scope
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Marmara Region, Central Anatolia, Aegean Region, Mediterranean
Region, Black Sea Region, South-Eastern Anatolia Region, Eastern Anatolia
Region
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Key companies profiled
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IBM Corporation, Amazon Web Services, SAP
SE, Intel Corporation, Oracle, Huawei, Accenture PLC, Wipro, Blockcypher, Applied
Blockchain Ltd.
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Customization scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet
your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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Report Scope:
In this report, Turkey blockchain
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- Turkey Blockchain Market,
By Component:
- Turkey Blockchain Market, By Provider:
- Application
- Middleware
- Infrastructure
- Turkey Blockchain Market, By Type:
- Turkey Blockchain Market, By Organization Size:
- Turkey Blockchain Market, By Application Area:
- Transportation & Logistics
- Agriculture & Food
- Manufacturing
- Energy & Utilities
- Healthcare
- BFSI
- Entertainment
- IT & Telecom
- Others
- Turkey Blockchain Market, By Region:
- Marmara Region
- Central Anatolia
- Aegean Region
- Mediterranean Region
- Black Sea Region
- South-Eastern Anatolia Region
- Eastern Anatolia Region
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Turkey blockchain market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Turkey blockchain market is an upcoming
report to be released soon. If you wish an early delivery of this report or
want to confirm the date of release, please contact us at [email protected]