MarkNtel Advisors is not just a market research company; it is a cornerstone in the realm of research and consulting provide market research report titled as Blockchain Market Size, Share, Analysis, Forecast 2023-2028.

Blockchain Market Analysis and Insights:

The Blockchain Market size is estimated to grow at a CAGR of around 73.1% during the forecast period, i.e., 2023-28.

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Blockchain Market Dynamics

Key Driver: Massive Venture Capital Investments due to Rapidly Rising Market Value of Cryptocurrencies

Cryptocurrencies incur lower transaction fees than other payment methods, as they are based on blockchain technology. As a result, many individuals & businesses are increasingly adopting the technology for cross-border payments & remittances since the latter involves high transaction costs. Moreover, since cryptocurrencies are immutable, regulatory authorities cannot impose any restrictions on cross-border transactions. All these aspects have resulted in a significant surge in the market value of cryptocurrencies, i.e., attracting massive venture capital funding in blockchain startups, which projects lucrative prospects for the Global Blockchain Market during 2023-28.

Blockchain Market Report Segmentation:

The report has segmented the market into the following categories:

By Component

-Services

–Consultation

–Development & Integration

–Support & Maintenance

-Platform

By Provider

-Application Provider

-Infrastructure Provider

-Middleware Provider

By Type

-Private

-Public

-Hybrid

By Organization

-Small

-Medium

-Large

By Application

-Payment

-Documentation

-Exchanges

-Supply Chain Management

-Digital Identity

-Others (Advertising insights, Smart Contracts, etc.)

By End User

-BFSI

-Government

-Logistics

-Healthcare

-Energy & Utilities

-Media & Entertainment

-IT & Telecom

-Retail & E-commerce

-Others (Agriculture, Manufacturing, etc.)

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Market Divided by Region/Country:

By Region

-North America

-South America

-Europe

-Middle East & Africa

-Asia-Pacific

Who are the top Companies in the Blockchain Market?

IBM, Amazon Web Services, Inc., Microsoft, SAP, Intel, Oracle, NTT Data, Accenture, Deloitte Touche Tohmatsu Limited, Consensys Systems, Huawei

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Tags: Blockchain Market Trends, Blockchain Market Size, Blockchain Market, Blockchain Market Growth, Blockchain Market Share, Blockchain Market Forecast