The global blockchain distributed ledger market accounted for $228 million in 2016, and is expected to reach $5,430 million by 2023, registering a CAGR of 57.6% from 2017 to 2023. Blockchain distributed ledger is a database, which serves as an online ledger keeping record of transactions that cannot be changed. In present connected and integrated world, economic activity occur in business networks that span national, geographical, and jurisdictional boundaries. Transactions involve various participants such as buyers, sellers, and intermediaries (such as banks, auditors, or solicitors) whose business agreements and contracts are recorded in ledgers.
Blockchain Distributed Ledger Market KEY PLAYERS, , Chain Inc., IBM Corporation, Accenture PLC, Eris Industries, Intel Corporation, Deloitte, Blockchain Tech Ltd., Microsoft Corporation, Digital Asset Holdings, Earthport, , Other players in the value chain include (profiles not included in the report):, , Ripple, Abra, Inc., BitFury, Coinbase
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A blockchain is a tamper-proof, pooled digital ledger that registers transactions in a public or private peer-to-peer network. The absence of a central authority in blockchain distributed ledger makes transactions faster. In addition, it is more transparent as it can give regulators a clearer insight into the background of financial transactions, helping them battle money laundering and manage risk. These factors are expected to drive the adoption of blockchain distributed ledger in the coming years. However, modern currencies have always been formed and controlled by national governments. Blockchain distributed ledger faces a barrier in widespread adoption by pre-existing financial institutions, which acts as a restraint of the market. Ability of blockchain distributed ledger to make an exchange without the intermediation of a third party is expected to provide lucrative opportunity for the market growth.
The global blockchain distributed ledger market is segmented based on type, end user, and geography. By type, the market is bifurcated into private blockchain and public blockchain. On the basis of end user, it is categorized government, BFSI, automotive, retail & e-commerce, media & entertainment, and others. Geographically, it is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The passage highlights the trend of governmental organizations increasing their maintenance budgets for system infrastructure while also investing in initiatives for project development, modernization, and enhancement. This has led to the success of investments and an increase in the annual funding set aside by ICT vendors for the growth of the online market. The passage also mentions the anticipated increase in global ICT exports, which are expected to rise by an average of 3.9% yearly from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. The global supply of ICT has increased by 9.5% yearly since 2009.
In terms of global ICT exports in 2021, Ireland ranked first with US$ 169.32 billion, followed by the United States at number 2, India at number 3, and China at number 4. The passage also notes the significant increase in Brunei’s global ICT exports by 228.2% year over year since 2009, while Sierra Leone’s global ICT exports have decreased by 61.7% year over year in the same period. Overall, the passage highlights the growth and potential of the global ICT market, driven by increased investments and funding for infrastructure and project development.
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It seems that the ICT industry in Europe is predicted to experience moderate growth in the coming years, with an annual increase of 1.5% expected from 2021 to 2026. Germany currently holds the top position in terms of ICT revenue in Europe, followed by the United Kingdom, France, and Ireland. It’s interesting to note that while some countries like Malta have experienced significant growth in the ICT industry since 2016, others like Italy have seen a slight decline. This information can be useful for businesses and investors looking to enter or expand in the European ICT market.
POTENTIAL BENEFITS FOR STAKEHOLDERS
Comprehensive analysis of the current trends and future estimations in the global blockchain distributed ledger market is provided.
The report offers a competitive scenario of the market with growth trends, structure, driving factors, scope, opportunities, and challenges.
It includes a detailed analysis of the key segments to provide insights on market dynamics.
Porter’s Five Forces analysis highlights the potential of buyers & suppliers and the competitive structure of the market to devise effective growth strategies and facilitate better decision-making
Blockchain Distributed Ledger Market Key Segmentation:
BY TYPE
Private Blockchain
Public Blockchain
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BY END USER
Government
BFSI
Automotive
Retail & e-Commerce
Media & Entertainment
Others
BY GEOGRAPHY
North America
U.S.
Mexico
Canada
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Some of the Key Questions Answered in this Report:
- What is the Market dimension at the regional and country-level?
- What are the key drivers, restraints, opportunities, and challenges of the Market, and how they are anticipated to influence the market?
- What is the international (North America, Europe, Asia-Pacific, South America, Middle East and Africa) income value, manufacturing value, consumption value, import and export of Market?
- Who are the world key producers of the Market Industry? How is their working state of affairs (capacity, production, sales, price, cost, gross, and revenue)?
- What are the Market possibilities and threats confronted via the carriers in the world Market Industry?
- Which application/end-user or product kind may also be seeking for incremental boom prospects? What is the market share of every kind and application?
- What targeted method and constraints are keeping the Market?
- What are the distinct sales, marketing, and distribution channels in the world industry?
- What are the upstream uncooked substances and manufacturing gear of Market alongside with the manufacturing technique of Market?
- What are the key market tendencies impacting the increase of the Market?
- Economic have an impact on the Market enterprise and improvement vogue of the Market industry.
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