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Blockchain Technology Market to Grow to $7 Billion by 2024: Increasing Demand Across Financial Services - Research and Markets

Research and Markets has announced the addition of the "Blockchain Technology Market Analysis By Type, By Application, By Region And Segment Forecast, 2015 - 2024" report to their offering.

The global blockchain technology market is expected to reach USD 7.74 billion by 2024, according to this new report.

The increasing adoption of the technology in the financial services sector and expected adoption across the public sector and healthcare segments are few of the major factors that are expected to fuel the demand for the said market.

The market is expected to grow rapidly owing to numerous benefits that it provides, such as eradication of the requirement of a financial institution to validate transactions, reduce duplicative record keeping, eliminate reconciliation, minimize error rates, and facilitate faster settlement. With the use of the said technology, the databases could become universal in nature, thereby allowing multiple institutions to use it at the same time to bring various different systems closer together and help increase the efficiency.

The major drivers include the growing interest of the BFSI sector and increasing merchants accepting crypto currencies among others. The probable opportunity of this technology further includes the instant settlement of various financial transactions and achieving optimized settlement options for the netting and clearing process.

Companies Mentioned:

  • BTL Group
  • Chain, Inc.
  • Circle Internet Financial Limited
  • Deloitte
  • Digital Asset Holdings
  • Eric Industries
  • Global Arena Holding, Inc. (GAHI)
  • IBM Corp.
  • Linux Foundation
  • Microsoft Corp.
  • Post-Trade Distributed Ledger
  • R3
  • Ripple
  • Safello

Key Topics Covered:

1. Methodology and Scope

2. Executive Summary

3. Blockchain Technology Market Variables, Trends, & Scope

4. Blockchain Technology Market: Type Estimates & Trend Analysis

5. Blockchain Technology Market: Application Estimates & Trend Analysis

6. Blockchain Technology Market: Regional Estimates & Trend Analysis

7. Competitive Landscape

For more information about this report visit http://www.researchandmarkets.com/research/v66fx7/blockchain

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