The blockchain is a distributed digital ledger system which records all the transactions and securely shares the data with all the participants in the network. In the blockchain system, each record is referred as ledger and each data exchange is known as a transaction. The verified transaction is added to the ledger and is known as a block. The need for data security and transparency is one of the key factors that is driving the growth of the blockchain market. Once the transaction is added to the blockchain ledger it cannot be altered.

The blockchain technology is witnessing significant growth in the various industries such as BFSI, healthcare, retail, and government, owing to, the factors such as secured data transfer, reduced fraud and limited risk of phishing and data hacking. For instance, in October 2018, Nuggets (e-commerce payments and ID platform provider) partnered with Devery (product provenance and verification blockchain provider) to develop a blockchain product for the supply chain industry. However, stringent government regulations and lack of standards are hindering the market growth.

Various notable players operating in the market, include Amazon Web Services, Inc., International Business Machines Corporation, Microsoft Corporation, Earthport, Intel Corporation, Blockchain Tech Ltd., The Linux Foundation, Bitfury USA, Inc., Digital Asset Holdings, and Chain Inc. Most of the players in the market are focusing on strategic collaboration with technology developers and platform providers to introduce more secure and transparent blockchain solutions. For instance, in May 2018, Amazon Web Services partnered with Kaleido to provide blockchain SaaS solution to the Amazon’s customers.

The global blockchain market has been segmented based on type, application, organization size, end-users, and key geographies. Based on the type, the market is segmented into private blockchain and public blockchain,

Based on application, the market is classified into payments, smart contracts, digital identity, governance, risk and compliance management, and others. Based on organization size, the market is categorized into Large Enterprises and Small Medium Enterprises. Based on end-users, the market is segmented into BFSI, Healthcare, Retail, Government, IT & Telecom and Others.

The research report “Global Blockchain Market” provides in-depth analysis of global blockchain market based on product type, technology, end-user and major geographies for the forecast period from 2018 to 2025. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the global blockchain market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

Key questions answered in this research report:
1. At what pace is blockchain market growing? What will be the growth trend in the future?
2. What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3. What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the blockchain market?
4. What are the various application areas and how they are poised to grow?

Market Segmentation
By Type
• Private blockchain
• Public blockchain

By Application
• Payments
• Smart Contracts
• Digital Identity
• Governance
• Risk and Compliance Management
• Others

By Organization Size
• Large Enterprises
• Small Medium Enterprises

By End Users
• BFSI
• Healthcare
• Retail
• Government
• IT & Telecom
• Others

By Geography
• North America
As a part of the customization
o By Type
o By Application
o By Organization Size
o By End Users
o US
o Canada
o Mexico

• Europe
As a part of the customization
o By Type
o By Application
o By Organization Size
o By End Users
o UK
o Germany
o Spain
o Rest of Europe

• Asia-Pacific
As a part of the customization
o By Type
o By Application
o By Organization Size
o By End Users
o China
o Australia
o India
o Rest of APAC

• ROW
As a part of the customization
o By Type
o By Application
o By Organization Size
o By End Users
o Brazil
o South Africa
o GCC countries
o Rest of world (remaining countries of the LAMEA region)

Leading market players
• Amazon Web Services, Inc
• International Business Machines Corporation
• Microsoft Corporation
• Earthport
• Intel Corporation
• Blockchain Tech Ltd.
• The Linux Foundation
• Bitfury USA, Inc.,
• Digital Asset Holdings
• Chain Inc.

*Other prominent players in the market which can be profiled as a part of customization:
Nuggets
Devery
Intel
Patron