The global blockchain market is expected to grow from USD 212.12 million 2016 to USD 8,682.82 million by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 59.04%.

"Improved Customer Experienceis one of the factors largely attributing to the growth of blockchain market globally"

The factors attributing to the growth of the market are improved customer experience, transparency and immutability in transaction, growing adoption across bfsi industry, and more use cases and removal of middlemen and distributed database. However, some factors such as low scalability issues, and lack of understanding and knowledge may hinder the market growth. The global blockchain market is expected to showcase the opportunities such as money laundering and consumer protection regulations, permissioned blockchains, and iot integrated blockchain. In the near future, the market may face the possible challenges in the growth due to uncertain industry regulation and governance, and concerns related to issues. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global blockchain market market."Banking, Financial Services & Insurance: The highest growing industry for the global blockchain market"

On the basis of industry, the global blockchain market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality. Among all these industry, the Banking, Financial Services & Insurance has captured the maximum market share while the Building, Construction & Real Estate has the opportunity to emerge with the highest CAGR."Americas: The highest growing geography for the global blockchain market"

On the basis of geography, the global blockchain market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia). Among all these geography, the Asia-Pacific is showing the maximum growth in the near future with the highest CAGR while the Americas is dominating the market with highest market size.

"AlphaPoint Corporation: The potential growing player for the global blockchain market"

The key players profiled in the global blockchain market are AlphaPoint Corporation, Amazon Web Services, Inc., BigchainDB GmbH, BitGo, Inc., Bitfury USA, Inc., Chain, Inc., Coinbase, Inc., International Business Machines?Corporation, Microsoft Corporation, OmiseGo Pte. Ltd., Oracle Corporation, R3 CEV LLC, Ripple Labs, Inc., S.W.I.F.T. SCRL, and TIBCO Software, Inc..


The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global blockchain market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global blockchain market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global blockchain market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global blockchain market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global blockchain market.