NEW YORK, Feb. 15, 2017 /PRNewswire/ -- The Global Blockchain Technology Market is poised to grow at a CAGR of around 62.1% over the next decade to reach approximately $16.3 billion by 2025. Some of the prominent trends that the market is witnessing include large varieties of programmable platforms, large number of applications across various industries, recent technological developments of blockchain technology, growth opportunities/investment opportunities.
By application, blockchain technology market is segmented into documentation, smart contracts, clearing and settlement, payments, digital identity and exchanges. Depending upon organization size market is divided into small and medium enterprises (SMES) and large enterprises. Based on Provider, market is categorised into Application and solution provider, Middleware provider, and Infrastructure and protocols provider.
Based on industry market is divided by media and entertainment, retail, bfsi, healthcare, automotive, public sector and other industries.
This industry report analyzes the market estimates and forecasts for all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2013, 2014 revenue estimations are presented for 2015 and forecasts from 2016 till 2025. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.