06-Oct-2021 | Zion Market Research
As per the findings of Zion Market Research study, Blockchain Distributed Ledger industry gathered revenue of about US$ 3.1 billion in 2020 and is anticipated to earn returns of approximately US$ 146.6 billion by 2028. In addition to this, Blockchain Distributed Ledger is expected to record highest gains of nearly about 62.3% in 2021-2028. In addition to this, prominent acceptance of blockchain distributed ledger systems by large-scale as well as small-scale firms for easing their business transactions will assist in steering expansion of blockchain distributed ledger market. Apart from this, reduced risk of data frauds along with low costs of blockchain distributed ledger applications will culminate into immense surge in market size over forecast timeframe. In addition to this, integrating internet of things with blockchain distributed ledger technology will create new avenues of growth for blockchain distributed ledger market. Moreover, there is humungous utility of hybrid blockchain tools in emerging economies of Asia Pacific, Latin America, and the Middle East & Africa. This will expedite scope of growth of blockchain distributed ledger market.
Surging Popularity Of Online Payment Activities To Drive Market Growth
Lockdown due to COVID-19 pandemic spread and need for saving travel time through in-person visit to banks or other financial institutions has resulted in growing inclination towards secured online payments. This has provided a strong platform for blockchain distributed ledger market growth. Apart from this, rapid development of digital economy has created ripples of growth in blockchain distributed ledger industry. Moreover, digital space has helped linking of various payment systems through blockchain distributed ledger technology, thereby immensely supporting growth of market. With growing penetration of online ledgers and use of smart agreements in commercial & industrial sectors, market for blockchain distributed ledger is projected to hit new boundaries of growth over coming years.
North American Market To Tread Immense Growth In 2021-2028
Growth of regional market over forecast timespan can be attributed to immense demand for blockchain distributed ledgers in FinTech firms and financial institutions such as banks. In addition to this, high presence of blockchain distributed ledger technology service providers will offer new growth avenues for blockchain distributed ledger market in North America over years ahead.
Rise in tech-savvy population in both developed and developing countries has forced industry players to add advanced & upgraded features to blockchain distributed ledger system to make it more secure & safe for carrying out business transactions. Moreover, some of these reputed industry participants are profiled in our report and they are Intel Corporation, Earthport, Huawei Technologies Co., Ltd., NTT DATA Corporation, International Business Machines Corporation, AlphaPoint, Amazon Web Services, Inc., Auxesis Services & Technologies (P) Ltd., Digital Asset Holdings, LLC, and iXledger.
Browse the full “Blockchain Distributed Ledger Market - By Type (Private, Hybrid, and Public), By Application (Payments, Smart Contracts, Compliance Management, Trade Finance, and Supply Chain Management), By End-User (BFSI, Government & Public, Retail & E-Commerce, Media & Entertainment, Transportation & Logistics, Healthcare, Energy & Utilities, and Manufacturing), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/blockchain-distributed-ledger-market
The global Blockchain Distributed Ledger Market is segmented as follows:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651