SAN FRANCISCO<\/span><\/span>, March 24, 2022<\/span><\/span> \/PRNewswire\/ —\u00a0A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled\u00a0“Blockchain Technology – Global Market Trajectory & Analytics”<\/a>. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.<\/p>\n FACTS AT A GLANCE<\/strong><\/p>\n What’s New for 2022?<\/strong><\/p>\n Edition:<\/strong>\u00a016;\u00a0Released:<\/strong>\u00a0February 2022<\/p>\n Executive Engagements:<\/strong>\u00a011928<\/p>\n Companies:<\/strong>\u00a0251 – Players covered include AlphaPoint Corporation; Blockchain Global; Blockchain Tech Ltd; BlockCypher, Inc.; Bloq; Chain, Inc.; Coinfirm Ltd.; Consensus Systems Technologies Corporation; Credits; Digital Asset Holdings, LLC; IBM; LUKKA, INC.; Microsoft Corporation; Monax Industries; Nasdaq; Ping Identity Corporation; The Bitfury Group; The Linux Foundation and Others.<\/p>\n Coverage:<\/strong>\u00a0All major geographies and key segments<\/p>\n Segments:<\/strong>\u00a0Type (Public, Private, Hybrid); Component (Infrastructure & Protocols, Application & Solutions, Middleware); End-Use (Financial Services, Healthcare, Transportation & Logistics, Government, Retail, Media & Entertainment, Other End-Uses)<\/p>\n Geographies:\u00a0<\/strong>World; USA<\/span>; Canada<\/span>; Japan<\/span>; China<\/span>; Europe<\/span>; France<\/span>; Germany<\/span>; Italy<\/span>; UK; Rest of Europe<\/span>; Asia-Pacific<\/span>; Rest of World.<\/p>\n Complimentary Project Preview –\u00a0<\/strong>This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™\u00a0Platform which offers thousands of data bytes without an obligation to purchase our report.\u00a0Preview Registry<\/a><\/strong><\/p>\n ABSTRACT-<\/strong><\/p>\n Global Blockchain Technology Market to Reach $19.9 Billion<\/span> by 2026<\/strong><\/p>\n The technology at the heart of bitcoin, blockchain technology is today gaining significant importance. Blockchain is a permanent database that keeps record of every transaction that is executed.\u00a0The technology has become an integral part of business-to-business and business-to-consumer commerce, products and legal processes. In the banking, financial services and insurance sector, growth is expected to benefit from the growing adoption of blockchain in applications such as digital identities, payments, exchanges and documentation. Financial institutions have been spearheading innovations in the Blockchain technology space, with the sector already witness to successful implementations of use cases such as Nasdaq’s private market trading platform and Ripple’s cross border payment platform. Blockchain holds significant potential for prescription management, medical data, online shopping and other areas. The technology is likely to help companies in controlling supply chains, achieving traceability of products and maintaining auditable record of goods movement. In the post COVID-19 period, growth in the market will be led by next-generation blockchain innovations and the resulting development of new applications areas. Blockchain-based identity management systems are likely to emerge as one of the most notable innovations in the next-generation Blockchain space.<\/p>\n Amid the COVID-19 crisis, the global market for Blockchain Technology estimated at US$3.4 Billion<\/span> in the year 2022, is projected to reach a revised size of US$19.9 Billion<\/span> by 2026, growing at a CAGR of 43% over the analysis period. Public, one of the segments analyzed in the report, is projected to grow at a 44.8% CAGR to reach US$21.5 Billion<\/span> by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Private segment is readjusted to a revised 40.1% CAGR for the next 7-year period. This segment currently accounts for a 24.7% share of the global Blockchain Technology market. While blockchain is witnessing dwindling investments, these glitches are likely to be transitory and the technology is anticipated to spring back relatively quickly than other legacy options. The technology is estimated to witness the highest level of spending over the coming years owing to its intriguing characteristics like redundancy, decentralization and transparency. These aspects are bound to push blockchain adoption across a diverse spectrum of domains, from financial services and healthcare to supply chains. The technology is expected to experience increasing interest and spending across various applications and industry verticals for addressing concerns associated with traditional options, enabling companies to gain an edge over competitors.<\/p>\n The U.S. Market is Estimated at $1 Billion<\/span> in 2022, While China is Forecast to Reach $2.1 Billion<\/span> by 2026<\/strong><\/p>\n The Blockchain Technology market in the U.S. is estimated at US$1 Billion<\/span> in the year 2022. The country currently accounts for a 31.64% share in the global market. China<\/span>, the world’s second largest economy, is forecast to reach an estimated market size of US$2.1 Billion<\/span> in the year 2026 trailing a CAGR of 50.2% through the analysis period. Among the other noteworthy geographic markets are Japan<\/span> and Canada<\/span>, each forecast to grow at 37.8% and 39.3% respectively over the analysis period. Within Europe<\/span>, Germany<\/span> is forecast to grow at approximately 41.6% CAGR while Rest of European market (as defined in the study) will reach US$3.4 Billion<\/span> by the end of the analysis period. The regional market is expected to be fueled by increasing investments in the BFSI sector. The blockchain technology is anticipated to receive a major stimulus from increasing focus of various countries in Asia-Pacific<\/span> to improve existing payment techniques and maintain records associated with regulatory compliance.<\/p>\n Hybrid Segment to Reach $1.8 Billion<\/span> by 2026<\/strong><\/p>\n In the global Hybrid segment, USA<\/span>, Canada<\/span>, Japan<\/span>, China<\/span> and Europe<\/span> will drive the 36.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$212.6 Million<\/span> will reach a projected size of US$1.9 Billion<\/span> by the close of the analysis period. China<\/span> will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia<\/span>, India<\/span>, and South Korea<\/span>, the market in Asia-Pacific<\/span> is forecast to reach US$258.9 Million<\/span> by the year 2026. More<\/a><\/strong><\/p>\n MarketGlass™\u00a0Platform<\/strong><\/p>\n Our MarketGlass™\u00a0Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include – enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.<\/p>\n Our platform is free for qualified executives and is accessible from our website www.StrategyR.com<\/a>\u00a0or via our just released mobile application on\u00a0iOS<\/a>\u00a0or\u00a0Android<\/a><\/p>\n About Global Industry Analysts, Inc. & StrategyR™<\/strong><\/p>\n Global Industry Analysts, Inc., (www.strategyr.com<\/a>) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.<\/p>\n CONTACTS:<\/strong><\/p>\n Zak Ali<\/span><\/p>\n Director, Corporate Communications<\/p>\n Global Industry Analysts, Inc.<\/p>\n Phone: 1-408-528-9966<\/p>\n www.StrategyR.com<\/a>\u00a0<\/p>\n Email: ZA@StrategyR.com<\/a>\u00a0<\/p>\n LINKS<\/strong><\/p>\n Join Our Expert Panel<\/strong>\u00a0https:\/\/www.strategyr.com\/Panelist.asp<\/a>\u00a0<\/p>\n Connect With Us on LinkedIn<\/strong>\u00a0https:\/\/www.linkedin.com\/company\/global-industry-analysts-inc.\/<\/a>\u00a0<\/p>\n Follow Us on Twitter<\/strong>\u00a0https:\/\/twitter.com\/marketbytes<\/a>\u00a0<\/p>\n Journalists & Media<\/strong>\u00a0Info411@strategyr.com<\/a><\/p>\n\n
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