Blockchain Distributed Ledger Technology Market Enterprise Demand, Current Trends, Growth Analysis, Product Types, Innovative Technology by Top Companies till 2025

 Extensive End Use Adoption across Verticals such as Finance and Healthcare Industries to Sustain Growth Momentum

Global digital blockchain distributed ledger technology market is witnessing pathbreaking growth advances significantly contributed by the fast-transforming digital economy, finds out Adroit Market Research in its latest research report added to the humongous data archive.

With massive reliance on automation and machine based operational flow across businesses, the need to establish unfailing connection between various devices, systems and nodes is felt strongly, thus furthering adoption inclination of blockchain distributed ledger technology in recent times.

In recent times, with continued advances in digital economy, end-use adoption is raving up the industry with several market participants aggressively realigning their business models and more specifically expand end-use dimensions.

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Among Blockchain DLT types segment, the private Blockchain type is expected to grow at the fastest CAGR during the forecast period achieving a market size of USD 11.79 billion in 2025. The private Blockchain adoption is expected to increase with increasing adoption of Blockchain DLT by the private firms. As the enterprise level adoption of Blockchain is expected to increase the private or consortium type Blockchain DLT’s market is expected to increase. As due to security reason most of enterprises are expected to use Private Blockchain DLT and use public Blockchain only when the data is to be shared with the consumers and end customers.

New Business Models Eliminating Broker Role and Rudimentary Paper Based Documentation to Boost Adoption

End-use adoption has been significant across verticals such as healthcare and finance, and the trend is expected to sustain in the future, owing to the fast-expanding digital space and several devices and systems connected through robust blockchain technologies.

Besides financial institutions, blockchain distributed ledger technology system is also penetrating other end-use verticals such as social media. This is evident from the very recent Facebook investments in cryptocurrency with the launch of Libra which is however a little different from conventional cryptocurrency models such as Bitcoin. With these developments in place, global digital blockchain distributed ledger technology market is anticipated to remain remunerative.

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Some of the major reasons backing healthy adoption of blockchain ledger technology is ample transparency into financial transactions, categorically refraining middle-men interference, thus also diminishing overall expenditure.

In the coming years, it is expected that blockchain ledger technology will effectively eliminate rudimentary paper-based documentation and records, besides letting the broker-based transactions as obsolete. These development in the business workflow is likely to further solidify growth probabilities in blockchain distributed ledger technology market. New business models based on transparent blockchain distributed ledger technology system is also witnessing ample government support which is also expected to affect the market favorably.

Some of the leading players operating in the market include IBM, Microsoft, Intel Corporation, Deloitte, ConSensys, Electron, Blockcypher, CoinFabrik and Chain. Companies are forming collaborations with governments and within themselves to develop and offer Blockchain solutions globally.

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Key segments of the global Blockchain DLT market

Global Blockchain DLT Market, by Type

• • Public Blockchain
  • Private Blockchain
  • Federated/Consortium Blockchain

Global Blockchain DLT Market, by Industry

• • BFSI
    • Banking
    • Financial Services
    • Insurance
  • Government
  • Healthcare
  • Media & Entertainment
  • Automotive
  • Retail & E-commerce
  • Others – (manufacturing, energy & utilities, professional services, technology services)

Global Blockchain DLT Market, by Application

• • Financial transactions
  • Smart Property
  • Smart Contracts
  • Blockchain Identity
  • Supply chain Management
  • Digital voting

Global Blockchain DLT Market Overview, by Region

• • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • RSA
  • Middle-East & Africa

What does the report include?

• The study on the global Blockchain DLT market includes qualitative factors such as drivers restraints and opportunities
• Additionally, the market has been evaluated using the REST and Impact analysis.
• The study covers qualitative and quantitative analysis of the market segmented on the basis of type, industry, application, and region. Moreover, the study provides similar information for the key geographies.
• Actual market sizes and forecasts have been provided for all the above-mentioned segments
• The study includes the profiles of key players in the market with a significant global and/or regional presence

About Us:

Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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