{"id":3261,"date":"2019-06-19T18:59:58","date_gmt":"2019-06-19T18:59:58","guid":{"rendered":"https:\/\/holytransaction.com\/blog\/?p=3261"},"modified":"2022-12-27T00:31:21","modified_gmt":"2022-12-26T22:31:21","slug":"how-is-blockchain-technology-market-going-to-rise-at-high-cagr-of-38-4-till-2025","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2019\/06\/how-is-blockchain-technology-market-going-to-rise-at-high-cagr-of-38-4-till-2025.html","title":{"rendered":"How is Blockchain Technology Market Going to Rise at High CAGR of 38.4% Till 2025?"},"content":{"rendered":"\r\n

The global Blockchain Technology Market<\/a> is forecast to rise exponentially in the coming years. The market is expected to witness high demand from diverse industries, especially the banking, financial services, and insurance (BFSI) industry.<\/p>\r\n\r\n\r\n\r\n

In terms of industry vertical, the banking, financial services, and insurance segment held the leading share of 41% in global blockchain technology market in 2017. The segment will gain further impetus following introduction of bitcoin. \u201cRampantly increasing cyber-attacks and frauds in the BFSI industry accounts for millions of dollars. This has become a global concern. To make the technology used in the industry safer and more secure, Deloitte and Microsoft Azure and other tech giants are offering blockchain services,<\/em>\u201d said a lead analyst.<\/p>\r\n\r\n\r\n\r\n

In terms of deployment, the proof of concept segment is gaining traction and is expected to witness impressive growth during the forecast period 2018-2025. Growth witnessed in this segment is backed by high need of transparent transaction across industries such as healthcare, retail and BFSI.<\/p>\r\n\r\n\r\n\r\n

\"blockchain<\/figure>\r\n\r\n\r\n\r\n

Increasing Demand for Secure Blockchain Technology to Guarantee Growth at Promising Rate<\/strong><\/p>\r\n\r\n\r\n\r\n

\u201cGovernment initiated awareness programs regarding benefits of blockchain technology among undeveloped nations is anticipated to fuel the demand in the global blockchain technology market<\/em>“, said a lead analyst at Fortune Business Insights.<\/p>\r\n\r\n\r\n\r\n

Increasing adoption of e-financial services and rapid adoption of the blockchain technology in developed nations are expected to drive the global blockchain technology market during the forecast period.<\/p>\r\n\r\n\r\n\r\n

Increasing number of new blockchain products and their approval grants is also anticipated to act as a driving factor for the global Blockchain technology market.<\/p>\r\n\r\n\r\n\r\n

Partnerships Among Key Market Players and Blockchain Developers Driving the Market in North America<\/strong><\/p>\r\n\r\n\r\n\r\n

North America emerged dominant in the global blockchain technology market in 2017. The North America market was worth US$ 820 Mn in 2017. The region will continue leading the market at a global level through the forecast period. Growth witnessed in the market is also attributable to recent collaborations between market players in the U.S. and blockchain service provides. Europe is also anticipated to witness impressive growth during the forecast period owing to high presence of blockchain technology developers.<\/p>\r\n\r\n\r\n\r\n

In 2017, IBM was the leading organization in the global Blockchain technology market. Other companies operating in the global market are Oracle Corporation<\/a>, Deloitte, Microsoft Corporation, IBM Corporation, The Linux Foundation, Chain Inc., Consensus Systems, Bits, Inc (Tendermint, Inc.), Schvey, Inc. (Axoni), VironIT, Altoros, and Fintech & Blockchain Software House.<\/p>\r\n\r\n\r\n\r\n

Source: https:\/\/www.fortunebusinessinsights.com\/industry-reports\/blockchain-technology-market-100072<\/a><\/p>\r\n

Open your free digital wallet here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n","protected":false},"excerpt":{"rendered":"

The global Blockchain Technology Market is forecast to rise exponentially in the coming years. The market is expected to witness high demand from diverse industries, especially the banking, financial services, and insurance (BFSI) industry. In terms of industry vertical, the banking, financial services, and insurance segment held the leading share of 41% in global blockchain […]<\/p>\n","protected":false},"author":1,"featured_media":3267,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[101,107,1452],"tags":[793,800],"yoast_head":"\nHow is Blockchain Technology Market Going to Rise at High CAGR of 38.4% Till 2025? -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/holytransaction.com\/blog\/2019\/06\/how-is-blockchain-technology-market-going-to-rise-at-high-cagr-of-38-4-till-2025.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How is Blockchain Technology Market Going to Rise at High CAGR of 38.4% Till 2025?\" \/>\n<meta property=\"og:description\" content=\"The global Blockchain Technology Market is forecast to rise exponentially in the coming years. 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