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Blockchain Technology Market Size with Growth Opportunities, Top Countries Data, Future Trends and Share with Revenue Forecast 2022 to 2031

Kenneth Research, in its repository of market research reports, have recently added a report on Blockchain Technology Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Blockchain Technology Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Blockchain Technology Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.

Global Blockchain Technology Market to reach USD 51045.4 million by 2025. Global Blockchain Technology Market valued approximately USD 242.4 million in 2016 is anticipated to grow with a healthy growth rate of more than 81.2% over the forecast period 2017-2025. The driving factor for Smart Lock market is One of the latest trends gaining traction the advent of artificial intelligence (AI). BT powered by AI is the most advanced IT development taking place in the blockchain and cryptocurrency market. AI is providing several features to manage decentralized monetary systems. AI algorithms should be used to predict the value of bitcoins, which can help bitcoin traders to handle bitcoin transactions, it will also help the customers to have an easy access to a comparative information and will allow many investors to get better informed before deciding about their financial plans. This, in turn, will strike growth in the global BT market during the forecast period.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application
*Payments
*Exchanges
*Smart contracts
*Documentation
*Digital identity
*Supply chain management
*Governance, risk and compliance management

By Provider
*Application and solution provider
*Middleware provider
*Infrastructure and protocol provider

By Organization Size
*Small and Medium-Sized Enterprises (SMEs)
*Large enterprises

By Industry Vertical
*Banking, Financial Services, and Insurance (BFSI)
*Media and entertainment
*Transportation and logistics
*Real estate
*IT and telecommunications
*Travel and hospitality
*Retail and eCommerce
*Healthcare and life sciences
*Government and public sector

By Regions:
*North America
*U.S.
*Canada
*Europe
*UK
*Germany
*Asia Pacific
*China
*India
*Japan
*Rest of the World

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Furthermore, years considered for the study are as follows:

Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025

Some of the key manufacturers involved in the market are AWS, IBM, Microsoft, Ripple, Chain, Inc, arthport, Coinbase, Bit fury, BTL Group, Digital Asset Holdings, Abra, Factom, Alphapoint. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Target Audience of the Global Blockchain Technology in Market Study:

*Key Consulting Companies & Advisors
*Large, medium-sized, and small enterprises
*Venture capitalists
*Value-Added Resellers (VARs)
*Third-party knowledge providers
*Investment bankers
*Investors

Chapter 1. Global Blockchain Technology Market Definition and Scope
1.1. Research Objective
1.2. Market Definition
1.3. Scope of The Study
1.4. Years Considered for The Study
1.5. Currency Conversion Rates
1.6. Report Limitation
Chapter 2. Research Methodology
2.1. Research Process
2.1.1. Data Mining
2.1.2. Analysis
2.1.3. Market Estimation
2.1.4. Validation
2.1.5. Publishing
2.2. Research Assumption
Chapter 3. Executive Summary
3.1. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)
3.2. Key Trends
Chapter 4. Global Blockchain Technology Market Dynamics
4.1. Growth Prospects
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.2. Industry Analysis
4.2.1. Porter’s 5 Force Model
4.2.2. PEST Analysis
4.2.3. Value Chain Analysis
4.3. Analyst Recommendation & Conclusion

Chapter 5. Global Blockchain Technology Market, By Application
5.1. Market Snapshot
5.2. Market Performance – Potential Model
5.3. Global Blockchain Technology Market, Sub Segment Analysis
5.3.1. Payments
5.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.2. Exchanges
5.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.3. Smart Contracts
5.3.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.3.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.4. Documentation
5.3.4.1. Market estimates & forecasts, 2015-2025 (USD Billion)

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