Blockchain Market is Expectecd to grow at a CAGR of 72.2% to reach $28,248.7 Million By 2025

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The Global Blockchain Market is expected to reach $28,248.7 million by 2025 from $385.5 million in 2018, growing at a CAGR of 74.1%. Increasing Adoption of BaaS, growing number of merchants accepting cryptocurrency, and growing interest in blockchain among financial institutions are the key factors driving the growth of the global blockchain market. However, regulatory uncertainty; limited scalability; security, privacy & lack of awareness are hindering the growth of the market.

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Blockchain as a Service (BaaS) is an offering that allows customers to leverage cloud-based solutions to build, host and use their own blockchain apps, smart contracts and functions on the blockchain while the cloud-based service provider manages all the necessary tasks and activities to keep the infrastructure agile and operational. Due to the increasing interest in the blockchain ecosystem, it is indirectly aiding the blockchain adoption across businesses. Moreover, it is based on, and works similar to, the concept of Software as a Service (SaaS) model. Individuals and businesses are increasingly willing to adapt to blockchain technology.

The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 3 years (2015-2018). The major players operating in the global blockchain market are Amazon (U.S.), IBM (U.S.), Microsoft (U.S.), Ripple (U.S.), Chain, Inc. (U.S.), Earthport (U.K.), Coinbase (U.S.) Bitfury Group (Netherlands), BTL Group (Canada), and Digital Asset Holdings (U.S.), among many others.

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Contact Us:
Viren Shrivastava
AVP- Global Sales and Marketing
Email: viren@meticulousresearch.com



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