Blockchain-Based Transformation Market to Reach $30 Billion by 2024
Blockchain-Based Transformation Market Global Analysis and Forecast to 2024
Pune, India -- (SBWIRE) -- 03/24/2020 -- This report helps to analyze competitive developments such as Joint Ventures, Strategic Alliances, Mergers and Acquisitions, New Product Developments, And Research and Developments in the "Global Blockchain-Based Transformation Market".
The Global Blockchain-based Transformation Market will likely to observe a staggering CAGR of 80.2% during the forecast period of 2017 to 2024. Shifting focus towards transaction transparency and declined taxation on transaction are projected fuel industry growth during the forecast period. There are latest innovative ways industries are harnessing the power of global blockchain. For instance, in banking sector blockchain is increasingly adopted to enhance accuracy and information-sharing into the financial services ecosystem as a secure, digitized, and tamper-proof ledger. Moreover, Lition is just beginning of the world's first scalable public-private blockchain with deletable data features.
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The Blockchain is termed as an incorruptible digital ledger of economic transaction that may be programmed to record values as well as financial transactions across a private or public computing network. It transforms information in a fully automated and safe manner. Blocks represented in the blockchain are made up of digital pieces of information. The major advantages are immutability, decentralization, transparency, and cryptographic security. The technology helps to verify information and exchange values without depending on third-part authority. The distributed IT architecture and asymmetrical cryptography are the two major pillars of blockchain market. Public, consortium, and private blockchain are the three main categories in this industry.
The Importance of Bitcoin
Several players have recognized importance of blockchain for numerous business applications. However, blockchain-enabled cryptocurrency has been a major attraction of the Blockchain 1.0 era. Bitcoin and Altcoins made possible to believe in blockchain technology. Bitcoin is an open-source software application that was first used in commercial transaction. Altcoins are the additional currencies that were created to address specific gaps or insufficiencies with Bitcoin. Blockchain business applications manage transfer of digital assets via automated validation rules, validations of transactions without intermediaries, and cryptographically verified ownerships and rights.
Blockchain-based Transformation Market Segmentation:
The global blockchain-based transformation market is segmented on the basis of type, application and geography. Based on type, the global blockchain-based transformation market is bifurcated into public blockchain, private blockchain, and consortium blockchain. Considering, the global market is categorized into. By application, the global blockchain-based transformation market is categorized into financial services and non-financial sector. Geographically, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.
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Global Leaders in Blockchain-based Transformation Industry:
The key global players of blockchain-based transformation market market are IBM Corporation, Microsoft Corp., Deloitte Touche Tohmatsu Ltd., Blockchain Tech Ltd., Digital Asset Holdings Ltd., Ripple Labs Inc., Global Arena Holding, Inc., BitFury Usa Inc., Coinbase Inc., among others.
The Blockchain 1.0 era has allured maximum concentration till now. The major geographies to invest are North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.
Besides, the Blockchain-based Transformation Market Report answers salient questions like:
How growing environment concerns will affect the market?
What are the major pillars in the Blockchain industry?
What is the vendor's profile?
What will be the company-wise revenue?
What is the future trend of the concerned market?
Reasons to purchase this report:
Global Blockchain-based Transformation Market report comprises an analysis of vendor's profile, which includes financial status, business units, key business priorities, SWOT, business strategies, and views.
The global blockchain-based transformation market has been forecasted for a period of 2019 to 2024 with 2018 being the base year for the calculations and 2014 to 2017 being historic data years.
Global blockchain-based transformation market report covers the competitive landscape, which includes M&A's, joint ventures & collaborations, and competitor comparison analysis.
The report analyses the blockchain-based transformation market from a 360-degree perspective
Major Point of TOC:
Chapter 1. Executive Summary
Chapter 2. Market Introduction
Chapter 3. Global Blockchain-based Transformation Market – Analysis and Revenue Forecast 2018-2024 – Key Industry Dynamics
Chapter 4. Global Blockchain-based Transformation Market – Analysis and Revenue Forecast 2018-2024
Chapter 5. Global Blockchain-based Transformation Market – Analysis and Revenue Forecast 2018-2024 – By Type
Chapter 6. Global Blockchain-based Transformation Market – Analysis and Revenue Forecast 2018-2024 – By Application
Chapter 7. Global Blockchain-based Transformation Market – Analysis and Revenue Forecast 2018-2024 – By Region
Chapter 8. North America Blockchain-based Transformation Market – Analysis and Revenue Forecast 2018-2024
Chapter 9. Europe Blockchain-based Transformation Market – Analysis and Revenue Forecast 2018-2024
Chapter 10. Asia-Pacific Blockchain-based Transformation Market – Analysis and Revenue Forecast 2018-2024
Chapter 11. Latin America Blockchain-based Transformation Market – Analysis and Revenue Forecast 2018-2024
Chapter 12. Middle East & Africa Blockchain-based Transformation Market – Analysis and Revenue Forecast 2018-2024
Chapter 13. Competitive Analysis
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