Global Blockchain Market to Skyrocket at 43% CAGR until 2022
Rapidly
increasing FinTech spending and growing blockchain adoption owing to increasing awareness to aid
global blockchain market through 2022
According to recently released
TechSci Research report, “Global Blockchain Market
By Type, By Application, By Enterprise, By End User, Competition Forecast &
Opportunities, 2012 – 2022”, the global blockchain market is projected to grow
at a CAGR of more than 43% during 2017 – 2022 on account of growing awareness
about the blockchain solutions among the fortune 500 companies coupled with rapidly
increasing FinTech spending across the globe. With a surging number of multinational
financial institutions across the world adopting blockchain technology, the
global blockchain market is on a strong upswing.
Browse 98
market data Tables and 77 Figures spread through 222 Pages and an
in-depth TOC on
"Global
Blockchain Market" https://www.techsciresearch.com/report/global-blockchain-market/1462.html
Public blockchain
dominated the global blockchain market in 2016, and the segment is expected to
maintain its dominance over the next five years as well. Public blockchain
protocols are based on the Proof of Work (POW) consensus algorithms, which are
open source, which implies that everyone can explore them. Anyone can
download the code and run a public node on their local device, validating the
transactions in the network, thus participating in the consensus process (the process
for determining which blocks get added to the chain and what is the current
state). BFSI sector is the largest user of blockchain technology across the
globe, and the trend is expected to prevail during the forecast period.
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“Blockchain
technology helps in resolving challenges associated with transaction
speed, verification process and data limitations. Blockchain technology enables
disintermediation & trustless exchange, enabling two parties to make an
exchange without the oversight or intermediation of the third party, thereby
strongly reducing, or rather, eliminating the counterparty risk. In addition,
this technology empowers the users as they are in absolute control of all their
information and transactions.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
Global Blockchain Market
By Type, By Application, By Enterprise, By End User, Competition Forecast &
Opportunities, 2012 – 2022 has
evaluated the future growth potential of global blockchain market and provides
statistics and information on market size, structure and future market growth.
The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment evaluation. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global blockchain market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]