Blockchain Technology Market : Recent Industry Developments and Growth Strategies Adopted by Players

The global blockchain technology market is led by top three companies viz R3, Chain Inc., and IBM, which collectively accounted for 45.3% of the market in 2015. Players in the market are focusing on mergers and acquisitions so as to expand their consumer bases and make valuable additions to their existing technologies, states Transparency Market Research (TMR) in its report. The competition is high in the blockchain market on account of the powerful presence of many players. Enhancement of product portfolio remains the key focus of leading vendors in this market.

As per the report, the global blockchain market is expected to rise from US$315.9 mn in 2015 to be worth US$20 bn by the end of 2024, exhibiting a whopping CAGR of 58.7% between 2016 and 2024, which is tremendously high. On the basis of type, the global blockchain market is expected to be led by the consortium blockchain technology, which is predicted to expand at a remarkable CAGR of 58.9% between 2016 and 2024. Consortium technology offers greater flexibility and large scale deployment, thus driving increased adoption.

Obtain Report Details @

https://www.transparencymarketresearch.com/blockchain-technology-market.html

By geography, North America accounted for the largest share of the market in 2015 on account of the presence of leading players and growing investments for the development of this technology. Asia Pacific will witness a stupendous growth in the blockchain technology market, expanding at a 61.3% CAGR between 2016 and 2024 on account of the growing trend of online payment in countries such as India, China, and Japan. In addition to this, the recent demonetization that took place in India, shall drive the growth prospects of the blockchain technology market.

Download Table of Content @

https://www.transparencymarketresearch.com/report-toc/18437

The global blockchain technology market is driven by the demand for decentralized data and eliminating intermediaries so as to secure online payment. The automation of transactions have eliminated the need for documentation and this is making blockchain technology secure. The real time tracking of transactions, averting frauds and errors when making online payments will also fuel the adoption of blockchain technology. These economic benefits of blockchain technology will boost the growth of the market in the forecast period. Since transactions can be speedy with the help of blockchain technology, it is in demand from both financial and non financial services.

The introduction of artificial intelligence is driving the growth prospects of this market. The adoption of blockchain technology based applications such as exchanges, payments, documentation, and digital identities is increasing, and this will drive the growth of the market worldwide.

Request A Sample Of Report @

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18437

One of the factors restraining the growth of the blockchain market is the increasing size of the database and blockchain, resulting in problems relating to synchronization and storage of data. The continued use of traditional technology owing to a lack of awareness about the benefits offered by blockchain technology will also act as a challenge. In addition to this, stringent government regulations, playing a critical role in the deployment of large scale technology shall also pose a challenge for the blockchain technology market. Players need to adhere to regulatory compliances and privacy laws which differ from country to country, and this is another issue hampering the growth of the market. .

This review is based on Transparency Market Research’s report, titled “Blockchain Technology Market (Type - Public Blockchain, Private Blockchain, and Consortium Blockchain; Application - Financial Services and Non-financial Sector) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”

Internet of Things Testing Market: Latest Trends and Forecast Analysis up to 2025

The Internet of things (IoT) represents a giant network of interconnected devices or things that are embedded in the existing internet infrastructure. These things can include a variety of objects such as electronics devices, vehicles, equipment, sensors, and consumer appliances. The concept may signify the sharing of data and information with people and animals connected to the infrastructure in near-real time. The proliferation of connected devices and the soaring popularity of IoT among enterprises in developed and developing nations have led to the pressing need for Internet of Things testing mechanisms. Developing an effective IoT testing mechanism foregrounds evaluating key aspects such as compatibility and usability of the interconnected devices, security of the network, the connectivity, and overall performance of the system. Furthermore, enterprises implementing IoT should take into account the integration of new devices and technologies with the existing network. A number

Low Power Display Market: Projection of Each Major Segment over the Forecast Period 2017 - 2025

Low power display technology is treated separately from our modern world. High resolution displays with low power are considered by many consumers to represent the low power display technology. The development in optoelectronics and nanotechnology has changed the low power display market . The low power display market consumes of less power than plasma technologies and cathode ray tube (CRT). Low-power features have become essential for liquid crystal displays (LCDs) due to environmental concerns. The technology that saves energy by decreasing the power consumption of the backlight unit in a display panel is considered in in low power display technology. A low refresh-rate technology was introduced in order to further minimize power consumption in the display panel. The low refresh-rate was achieved by employing oxide thin-film transistors (Ox-TFTs) with extremely low leakage currents. However, flicker may be visible due to the current leakage through the liquid crystal (LC

Noise Suppression Components Market: Granular View of The Market from Various End-Use Segments

Noise suppression refers to the methods of reducing and eliminating the effects of unwanted and undesirable sound effects and electrical disturbances which occurs when the level of signal carrier is greater than the noise level. Noise causes intrusion in many electrical devices. However, there are rules to suppress noise, because noise which does not affect a particular electrical device may affect some other electrical device. Further, an electronic device is known as ‘emission’ if it is itself the source of unwanted noise and it is referred to as immunity if the concerned electronic device is the victim of unwanted noise. Electromagnetic interference (EMI) and electromagnetic compatibility (EMC) has made the issue of noise suppression important. Some of the examples of noise suppression components are electromagnetic interference suppression filter which is an electronic component which provides electromagnetic noise suppression techniques for electronic goods. The function of the e

Research Blogs

Search This Blog