Home Blockchain Global Blockchain Market Report to 2030 – Players Include IBM, Accenture, Intel, and Oracle, Among Others – ResearchAndMarkets.com

Global Blockchain Market Report to 2030 – Players Include IBM, Accenture, Intel, and Oracle, Among Others – ResearchAndMarkets.com

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Global Blockchain Market Report to 2030 – Players Include IBM, Accenture, Intel, and Oracle, Among Others – ResearchAndMarkets.com

DUBLIN–()–The “Blockchain Market Size, Share, Trends, by Component Type, by Type, by Vendor, by Organization Size, by Application, by End-Use, and by Region, Forecast to 2030” report has been added to from ResearchAndMarkets.com offer.

The blockchain market size is expected to reach $550.68 billion in 2030 and register a revenue CAGR of 69.1% over the forecast period, according to the latest report.

The market is expected to witness significant growth due to accelerating demand for cryptocurrency and Bitcoin. Moreover, the increasing adoption of blockchain by major industries such as healthcare, BFSI, retail and others is also expected to contribute to the market growth over the forecast period.

Blockchain puts digital technology at the forefront of business. It enables secure and decentralized record keeping and enables smart contracts. Unlike traditional databases, which are centralized and vulnerable to hacks, blockchains are distributed and immutable. This makes them ideal for handling sensitive data, such as financial transactions or personal information.

Blockchain in retail industries is used for payment processing, inventory management, and supply chains. For example, IBM has partnered with Walmart to use blockchain to track food supply chains and improve food safety. Additionally, retail giant Amazon is developing a blockchain-based platform for its customers and suppliers. This will help the business improve data security and streamline operations. The adoption of blockchain by major retail companies is expected to fuel the growth of the blockchain market in North America.

The adoption of blockchain technology is expected to grow at a rapid pace in the healthcare sector. Blockchain can be used to store and manage patient records, track medical devices, and secure data against cyberattacks. Healthcare providers can use blockchain to improve their operations and secure sensitive data. The growing adoption of blockchain in the healthcare sector is expected to drive the growth of the blockchain market in North America.

For the purposes of this report, the publisher has segmented the blockchain market based on vendor, application, organization size, end use, and region:

Component Type Outlook (Revenue, USD Billion; 2019-2030)

Type Outlook (Revenue, USD billion; 2019-2030)

Vendor Outlook (Revenue, USD Billion; 2019-2030)

  • Application providers

  • Middleware providers

  • Infrastructure providers

Organization Size Outlook (Revenue, USD Billion; 2019-2030)

  • Small and medium enterprises

  • Large companies

Application Outlook (Revenue, USD Billion; 2019-2030)

  • Payments

  • Exchanges

  • Smart contracts

  • Documentation

  • Numeric identity

  • Supply chain management

  • Others

End-Use Outlook (Revenue, USD Billion; 2019-2030)

  • Government

  • IT & Telecommunications

  • Health care

  • BFSI

  • Immovable

  • Retail and e-commerce

  • Media and entertainment

  • Transport and logistics

  • Energy and Utilities

  • Others

Regional Outlook (Revenue, USD Billion; 2019-2030)

  • North America

  • WE

  • Canada

  • Mexico

  • Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Sweden

  • BENELUX

  • The rest of Europe

  • Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Rest of APAC

  • Latin America

  • Brazil

  • Rest of LATAM

  • Middle East and Africa

  • Saudi Arabia

  • United Arab Emirates

  • South Africa

  • Israel

  • Rest of MEA

Market dynamics

Drivers

  • Growing need for greater transparency and increased security

  • Increase in cryptocurrency adoption across the world

Constraints

  • Lack of qualified professionals

  • Storage Capacity Concerns

Companies cited

  • IBM Corporation

  • Accenture

  • intel company

  • Amazon Web Services Inc.

  • Oracle

  • Huawei Technologies Co.Ltd.

  • SAP SE

  • Blockchain Foundry Inc.

  • NTT DATA Corporation

  • infosys limited

  • BigchainDB GmbH

  • SpinSys

For more information on this report, visit https://www.researchandmarkets.com/r/46woj5

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