New YorkAnd November 11, 2021 /PRNewswire/ – According to the research report “Blockchain Technology Market – Forecast & Analysis Report 2021-2025“The market is expected to have an annual growth rate of 19.00% in 2021 and is supposed to grow at a compound annual growth rate of more than 32% between 2020 and 2025.
North Amarica It is the largest market for blockchain technology. The increasing adoption of blockchain technology by governments to vote and to impose stricter regulations on the purchase and possession of weapons such as guns creates significant growth opportunities for blockchain technology providers in North Amarica.
Model display: To learn more about the highlights and key points in different market segments and how they will impact in the coming years.
Seller Insights
The global blockchain technology market is fragmented with the presence of many global and regional players. Accenture Plc and Amazon.com Inc. and Huawei Investment & Holding Co. Ltd. and Infosys Ltd. and Intel Corp. and International Business Machines Corp. and Microsoft Corp. and Oracle Corp. and SAP SE and Tata Consultancy Services Ltd. Some of the dominant vendors mentioned in the report.
Some of the major players in the market are acquiring startups and partnering with FinTech companies and IT companies to develop blockchain solutions.
For example, in April 2020Accenture Plc has completed its acquisition of Symantec Cyber Security Services from Broadcom Inc. again in May 2020, the company acquired Callisto Integration, a CanadaA provider of consulting and technology services based.
Find out more highlights about vendor growth strategies and their product offerings. Read sample market research report.
Geographical market analysis
North Amarica It will provide maximum growth opportunities in the blockchain technology market during the forecast period. According to our research report, the region currently holds 43% of the global market share and is expected to dominate the market until 2025.
The report also provides a detailed analysis of the market growth across Europeasia pacific, South Americaand MEA. In addition, countries such as the United States, China, United kingdom, Canada, And Germany They are expected to emerge as prominent markets for blockchain technology during the forecast period.
Learn more about the geographical distribution of this market along with detailed analysis of the top regions. www.technavio.com/report/blockchain-technology-market-industry-analysis
Key market trends and challenges:
The report identifies the emergence of artificial intelligence as the main trend affecting the blockchain technology market. The integration of artificial intelligence with the blockchain is one of the most advanced IT developments at the moment. The use of artificial intelligence helps decentralize monetary systems and predict the value of bitcoins. This can help traders manage bitcoin transactions efficiently. This trend is expected to gain prominence with the increasing focus on enhancing security and customer experience by FinTech companies around the world.
Despite the integration of artificial intelligence, privacy and security concerns on the network may prevent market growth. Our service providers collect a lot of personal information from customers through cookies to create personalized ads and target the right audience. This collected data can be misused and compromised, which could lead to financial losses for customers. This discourages users from adopting fintech solutions, reducing growth opportunities for sellers.
Offer Free Sample To highlight market trends and challenges affecting the blockchain technology market.
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Blockchain Technology Market Scope |
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Report coverage |
details |
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page number |
120 |
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base year |
2020 |
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prediction period |
2021-2025 |
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Growth Momentum and CAGR |
Accelerate at a compound annual growth rate of over 32% |
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Market Growth 2021-2025 |
6.25 billion USD |
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Market Structure, Market Structure |
fragmented |
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Annual Growth (%) |
19.00 |
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Regional Analysis |
North America, Europe, Asia Pacific, South America, Middle East and Africa |
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Market share performance |
North America 43% |
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Main consuming countries |
United States, China, United Kingdom, Canada and Germany |
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Competitive scene |
Leading companies, competitive strategies and scope of consumer engagement |
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Company Profile |
Accenture Plc and Amazon.com Inc. and Huawei Investment & Holding Co. Ltd. and Infosys Ltd. and Intel Corp. and International Business Machines Corp. and Microsoft Corp. and Oracle Corp. and SAP SE and Tata Consultancy Services Ltd. |
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market dynamics |
Key market analysis, market growth triggers and obstacles, analysis of fast-growing and slow-growing segments, impact of COVID-19 and future consumer dynamics, market status analysis for the forecast period. |
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field of personalization |
If our report doesn’t include the data you’re looking for, you can access our analysts and customize the segments. |
information about us:
Technavio is a global leader in technology research and consulting. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With over 500 dedicated analysts, Technavio’s reporting library consists of more than 17,000 reports and statistics, covering 800 technologies, spanning across 50 countries. Their client base consists of organizations of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in current and potential markets and to assess their competitive positions within changing market scenarios. .
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