The “Blockchain Technology – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s providing.
The Pandemic Highlights Blockchain’s Potential Position in Growing Resilience of Enterprise Communities & Ecosystems. The Market to Attain US$ 30.7 Billion.
The worldwide marketplace for Blockchain Know-how is projected to succeed in US$ 30.7 billion by the yr 2027, trailing a publish COVID-19 CAGR of 43% over the evaluation interval 2020 by 2027.
At a time when the worldwide financial local weather is spinning uncontrolled, the blockchain know-how market is anticipated to face extreme short-term challenges within the yr 2020. This yr is anticipated to finish on a dismal be aware because the pandemic continues to rage by the globe flaring up in second and third waves of infections, every worse than the earlier wave, persevering with to trigger giant scale human and monetary destruction in international locations the world over.
Pessimism stays excessive amongst chief data officers (CIOs). The continued decline in enterprise confidence is a sign of the regularly worsening financial local weather, since enterprise confidence is a well known main indicator of future output. Enterprise confidence, in different phrases, is a barometer of funding progress. As corporations revisit their Funding spending plans, its little shock that IT budgets are being slashed.
IT budgets which within the pre-pandemic interval was projected to develop by over 5.5% to six.8% supported largely by enterprise software program spending is now set for sharp downward revisions. This downward revision comes even though the pandemic has set into movement a digital transformation wave. Whereas rising applied sciences like AI, IoT, automation, huge knowledge, and blockchain will profit within the publish COVID-19 interval as important applied sciences to have to make sure resilience to future disruptions, they at the moment come beneath the non-essential bracket particularly for corporations struggling to outlive and stay afloat.
Just about each know-how firm is going through monetary challenges of disrupted provide chains, enterprise alternatives and low shopper demand for items and companies. Incapacity to fulfill quarterly income targets imply decreased accessible funds for deliberate IT tasks.
Key Matters Coated:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Born Out of Bitcoin, Blockchain Know-how Emerges to Disrupt the Digital Financial system
The Historical past of Bitcoin, Its Evolution, Its Brief-lived Ascend To Growth & Its Downfall
Blockchain Know-how Rises from the Ashes of Bitcoin
So What Are the Many Advantages of Blockchain That Double Up as Drivers of Adoption?
How the COVID-19 Pandemic Destroyed the International Financial system
Spending On Blockchain Know-how Slumps by -6.9% in Fiscal 12 months 2020
A Fast Submit-COVID-19 Restoration Anticipated in 2021
Regardless of the Present Slack in Demand, Blockchain Know-how Joins within the Struggle In opposition to COVID-19
Latest Market Exercise
2. FOCUS ON SELECT PLAYERS (Whole 251 Featured):
Blockchain Tech Ltd
Consensus Programs Applied sciences Company
Digital Asset Holdings, LLC
Ping Identification Company
The Bitfury Group
The Linux Basis
3. MARKET TRENDS & DRIVERS
A Evaluate of Market Outlook Anticipated Within the Submit COVID-19 Interval
COVID-19 Triggers Unprecedented Disruptions within the Provide Chain & Accelerates the Urgency to Rethink Provide Chain Administration
This is How The Position of Blockchain Turns into Larger in Submit COVID-19 Administration of Provide Chains
COVID-19 to Emerges because the Push Issue for Adoption of Blockchain in Healthcare
This is How the Pandemic Is Accelerating Digitalization of Healthcare
Rise of Telemedicine Throughout COVID-19 Instances Brings Blockchain Into the Highlight to Shield Telemedicine Packages
Different Methods in Which Blockchain Can Revolutionize the Healthcare System within the Submit COVID-19 Interval
Storming Into the Highlight Is the Use of Blockchain in Preventing Counterfeiting of Medicine & Managing Scientific Trials
Submit COVID-19 Give attention to Sustainability to Drive Blockchain Adoption in Environmental Governance
This is Why the Surroundings & Sustainability Will likely be Prime Priorities After the Pandemic
How Blockchain Can Assist Handle the Sustainability Problem?
Inefficiencies of Public Sector & Authorities Businesses Can Now Lastly Be Addressed Utilizing Blockchain
Blockchain-Enabled E-Voting Might Very Properly be the Way forward for Organizational & Nationwide Voting
A Rising Marketplace for Sensible Agriculture to Increase Adoption of Blockchain
Sensible Agriculture Turns into a US$12 Billion International Market
Blockchain’s Position in Sensible Agriculture Demystified
Rising IoT Ecosystems Programs to Energy Blockchain Implementations
Sensible Contracts Are Among the many Most Promising Use Circumstances of Distributed Ledger Know-how
Monetary Companies Sector: The Most Profitable Utility Space for Blockchain
Blockchain to Enhance Transparency, Safety, Immutability & Accessibility of Monetary Programs & Processes
Blockchain Can Assist in Monetary Inclusion of the Unbanked
On-line Banking Fraud Might Develop into Historical past With Blockchain
Blockchain-based Funds Processing: An Energetic Space of Curiosity for Banks
Large Potential for Blockchain Know-how within the Pharmaceutical Business
Blockchain & Synthetic Intelligence (AI): A Highly effective Mixture
How the Journey Business Is Benefiting from Blockchain & AI Combo
A Promising Progress Outlook for Blockchain Know-how within the Power Sector
Blockchain Powered Options to Streamline Processes in Logistics, Trucking and Industrial Transportation Business
Promising Future for Blockchain in Media, Promoting & Leisure Market
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For extra details about this report go to https://www.researchandmarkets.com/r/v05bx4
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