Global Blockchain Technology Market in the BFSI Sector 2018-2022 | Public Blockchain Segment Dominates the Global Market| Technavio
LONDON--(BUSINESS WIRE)--Aug 23, 2018--According to the latest market research report released by Technavio, the global blockchain technology market in the BFSI Sector is expected to accelerate at a CAGR of close to 63% during the forecast period. Increasing digital transformation is one of the key factors triggering the growth of the market.
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Technavio has published a new market research report on the global blockchain technology market in BFSI sector from 2018-2022. (Graphic: Business Wire)
This research report titled provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
The market research analysis categorizes the global blockchain technology market in the BFSI sector into the following products:Public blockchain Private blockchain Consortium blockchain
In 2017, the public blockchain segment accounted for 43% of the global market and is projected to reach 46% by 2022, exhibiting close to 3% increase in market share.
Global blockchain technology market in the BFSI Sector: Top emerging trend
Increasing use of analytics with blockchain technology is an emerging trend in the enterprise application space. Analytics solutions help in the efficient trading of cryptocurrency by tracking the status and records of online transactions. Real-time data analytics tools implemented in blockchain technology enable bitcoin traders to reduce online thefts and security breaches. Information can be easily retrieved through advanced analytical tools modified in blockchain databases. Analytics is always helpful in online transactions carried out in the financial services industry. Analytics tools can convert large volumes of unstructured data into structured, meaningful insights that can be used by cryptocurrency traders and stakeholders.
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio’s report provides expert market research on the following topics:
Executive ReportMarket Outline Global blockchain technology market in the BFSI Sector Overview
Market InsightsMarket Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends
Market Segmentation AnalysisRegional comparison (APAC, Americas, and EMEA) Key leading countries Market segmentation by product (public blockchain, private blockchain, and consortium blockchain)
Vendor LandscapeVendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (IBM, Microsoft, and Amazon)
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PUB: 08/23/2018 09:17 AM/DISC: 08/23/2018 09:17 AM