Blockchain Market Trends, Share, Opportunities and Forecast By...

Blockchain Market Trends, Share, Opportunities and Forecast By 2030

Blogs IT, Cloud, Software and Technology

Posted 2024-01-19 13:33:04

This market study analyzes the market status, market share, growth rate, future trends, market drivers, opportunities, challenges, risks, entry barriers, sales channels, distributors and Porter's Five Forces Analysis. Global Blockchain market analysis report plays very essential role when it is about achieving an incredible growth in the business. It has been believed that the premium market research report is the one which is pertinent, unique, and creditable that employs proven tools and techniques to turn complex market insights into simpler version. Whether it is about renovating a business plan, preparing a presentation for a key client, or giving recommendations to an executive, Blockchain market report will surely help to a degree.

Data Bridge Market Research analyses that the blockchain market, valued at USD 10.02 billion in 2022, will reach USD 766.10 billion by 2030, growing at a CAGR of 71.96% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Browse Full Report Along With Facts and Figures @ https://www.databridgemarketresearch.com/reports/global-blockchain-market

Market Overview:

Blockchain is a distributed database that maintain a continuously increasing list of ordered records called blocks. Data such as the time, date, payment participants, and other details are stored in the block, a digital bit of information. Each block is given a unique code known as a hash. The block is prepared to be added to the blockchain if a code hash has been assigned. Many industries, including agriculture, healthcare, retail, and others, can benefit significantly from blockchain technology.

Recent Developments

· In 2021, The State Bank of India (SBI), HDFC Bank, ICICI Bank, and other significant banks in India joined forces to create Indian Banks' Blockchain Infrastructure Co (IBBIC), a private limited company whose goals include securing transactions, accelerating the letters of credit process, and reducing transaction processing time.

· In 2021, A Memorandum of Understanding (MOU) -R3 was signed by Trames and IMDA to advance supply chain digitalization and international trade. The MOI will push Trames to put into practice a digital solution built on the platform of R3 and the digital utility of IMDA.

· In 2021, A digital asset marketplace called Bakkt Holdings, LLC declared it would begin a physical location pilot with the quick-service restaurant (QSR) Quiznos. With the help of this pilot, specific Quiznos locations now accept bitcoin payments.

Some of the major players operating in the blockchain market are:

· IBM (U.S.)

· Microsoft (U.S.)

· SAP SE (Germany)

· Oracle (U.S.)

· Digital Asset Holdings, LLC (U.S.)

· CONSENSYS (U.S.)

· Huawei Cloud Computing Technologies Co., Ltd. (China)

· Factom (U.S.)

· Stratis Group Ltd. (U.K.)

· Intel Corporation (U.S.)

· Symbiont (U.S.)

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About Data Bridge Market Research:

An absolute way to predict what the future holds is to understand the current trend! Data Bridge Market Research presented itself as an unconventional and neoteric market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are committed to uncovering the best market opportunities and nurturing effective information for your business to thrive in the marketplace. Data Bridge strives to provide appropriate solutions to complex business challenges and initiates an effortless decision-making process. Data Bridge is a set of pure wisdom and experience that was formulated and framed in 2015 in Pune.

Data Bridge Market Research has more than 500 analysts working in different industries. We have served more than 40% of the Fortune 500 companies globally and have a network of more than 5,000 clients worldwide. Data Bridge is an expert in creating satisfied customers who trust our services and trust our hard work with certainty. We are pleased with our glorious 99.9% customer satisfaction rating.

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