Blockchain Technology Market Size & Analysis – Forecasts To 2025

Blockchain Technology Market Insights

The global blockchain technology market is anticipated to register a CAGR of more than 53.2% over the forecast period. This market is expected to be influenced by rising demand for innovative blockchain technology from the industries such as BFSI.Factors such as transparency and immutability in transactions are likely to drive the global market over the coming years. The growing use of the technology based applications such as documentation, payments, exchanges, and digital identities are also expected to propel the demand and foster the market growth.The blockchain technology incorporates cryptocurrencies, such as Ripple, Litecoin, and Mintchip. The financial institutions and banks are growing a keen interest towards this technology, due to its unique and innovative framework with regulatory bodies, such as IMF and Bank of England.

However, the increase in the size of blockchain and database might lead to the problem of data storage and synchronization. This is in turn likely to limit the growth of the global blockchain technology market over the coming years. Moreover, the lack of knowledge about the benefits of the blockchain technology over the traditional technologies is also likely to hamper the growth of the global blockchain technology market over the forecast period.

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Blockchain Technology Market: Type Insights

The global blockchain technology market is segmented into Hybrid, Public, and Private. Public network type accounted for the dominant share of the global market in 2016. This growth is attributed to the growing practice of the government and institutions to inculcate open and efficient transactions.

The private network type segment is expected to register a considerable increase in adoption in the coming years.

Blockchain Technology Market: Organization-Size Insights

On the basis of organization size, the blockchain technology market is divided into Small and Medium Enterprises and Large Enterprises. Large Enterprises and Small&Medium Enterprises are rapidly adopting the Blockchain solutions. The demand for Blockchain solutions is projected to increase over the coming years due to its cost-effective and time-efficient features. The growth of blockchain technology is particularly high in SMEs, where low-cost solutions are much required.

Blockchain Technology Market: Application Insights

Payments application accounted for the largest share of the Blockchain market in 2016. The shift in preference from traditional payment systems to Blockchain-based payment solutions in banking and financial industries is predicted to boost the overall industry growth.

The digital identity market is also likely to grow at a significant rate as the Blockchain would make digital identities more secure and efficient.

Blockchain Technology Market: Vertical Insights

The Banking, Financial Services, and Insurance segment are projected to hold the largest market share over the forecast period. The media and entertainment vertical is anticipated to grow at the highest CAGR by 2025 due to the growing adoption of Blockchain across smart contracts, document management, and digital identities in the media industry.

Blockchain Technology Market: Regional Insights

North American dominated accounted for the largest revenue share in 2016. This growth is ascribed to rapid adoption of innovative technologies in countries such as the U.S., and Canada.

Asia Pacific is predicted to grow at a CAGR of around 40% over the coming years. The expansion of financial sector in emerging countries such as China and India is projected to aid the Asia Pacific regional growth.

Blockchain Technology Market: End-Use Landscape

The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from the global blockchain market. The major consumers of the product are HSBC Holdings and Wal-Mart Stores, Inc. amongst others.

Blockchain Technology Market: Competitive Landscape

Some of the key players of the global blockchain market include Microsoft Corporation , IBM Corporation, Deloitte, Ripple, Chain, Inc., Abra, Inc., BitFury, Coinbase, Circle Internet Financial Limited, Digital Asset Holdings, Blockchain Tech Ltd, Global Arena Holding, Inc., Digital CC Ltd, 21 Inc., and Earthport.

In April 2016, Microsoft Corporation partnered with R3 consortium to gain a competitive advantage over Amazon Inc. and Alphabet’s Google Inc.

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Blockchain Technology in Government Sector – Market Size & Analysis – Forecasts To 2025

Blockchain Technology in Government Sector: Market Insights

The global blockchain technology in the government sector is expected to grow at a high CAGR over the coming years as it improves the efficiency of government operations. Developed as well as developing countries have demonstrated a tremendous interest in adopting blockchain solutions to improve services and save money in the long-run.

Increased investment in developing an appropriate infrastructure to manage various public services, enhance the outreach of welfare policies, and quicken the delivery of services & solutions to the general public is projected to augment market growth over the coming years. Development of smart cities is expected to foster demand for blockchain technology in the North American, Middle East, European, and Asia Pacific region.

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Blockchain Technology in Government Sector: Type Insights

The blockchain technology market for the government sector is segmented on the basis of type into public, private, and hybrid. Private blockchain enables in improving operational efficiency to a large extent, however, it limits decentralization. Public blockchains are expected to grow at a high rate as it allows interoperability, decentralization, and transparency of operations along with security. This growth is attributed to the growing practice of the government and institutions to inculcate open and efficient transactions. The demand for hybrid blockchain solutions is also expected to grow at a significant CAGR over the coming years.

Blockchain Technology in Government Sector: Application Insights

Blockchain technology for government finds applications in identity management, license renewals, security management, election & voting, healthcare, education, contract management, documentation & compliance management, revenue & tax monitoring, utility payments, among others.

The demand for identity management solutions is anticipated to grow at a high CAGR over the coming years. Other services that would be easily adopted by companies are license renewals, contract management, documentation & compliance management, and tax payments. Developing countries are also expected to invest in blockchain solutions as it reduces red tape and improves the delivery of social welfare benefits to achieve set policy goals.

Blockchain Technology in Government Sector: Regional Insights

In 2016, Delaware came up with the Delaware Blockchain Initiative to improve its legal infrastructure for the shared ledger. Since Deleware resides over 65% of Fortune 500 companies, blockchain technology increases efficiency and speeds up business incorporation services. Illinois has also come up with similar initiatives to harness benefits of using blockchain technologies.The North American and European region is anticipated to witness large investments in blockchain technology on account of their faster acceptance of advanced technological solutions. The Asia Pacific and the Middle Eastern region is expected to grow at a high CAGR over the forecast period on account of their increasing investments in smart cities and need for improving process efficiency across government & public offices.

Blockchain Technology in Government Sector: Competitive Landscape

The global blockchain industry is evolving ata rapid pace on account of its increased preference across various industry verticals. IBM Corporation has developed Blockchain for a government which helps secure information exchange, integrating various business partners such as suppliers, service agencies, and other community-based organizations.

Other companies involved in developing blockchain technologies include Microsoft Corporation, Infosys, Global Arena Holding, Inc., ABB Ltd., BTL Group, Coinbase, 21, Inc., Chain, Inc., Deloitte, and Digital Asset Holdings among others. The need for digitalization of public services to improve transparency and increase policy outreach is projected to boost the demand for blockchain solutions over the coming years.

The stakeholders to the report include government institutions, public sector, research organizations, and educational institutes among others.

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Blockchain Technology in Energy Market Size & Analysis – Forecasts To 2025

Blockchain Technology in Energy Market Insights

The global blockchain technology in the energy sector is expected to grow at a significant CAGR over the coming years on account of increasing investments made in the energy & power sector. Some of the advantages offered by blockchain include process optimization & automation, transparency of markets, traceability of energy produced & consumed, and security.

Blockchain technology implemented in the energy sector helps lower cost of distribution by integrating functions of power generating companies, utilities, suppliers, subcontractors, and end-users. Development of smart cities is expected to foster demand for blockchain technology. The growing electric vehicle market and limited availability of charging infrastructure is expected to generate untapped opportunities for the use of blockchain in the energy & power sector.

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Blockchain Technology in Energy Market: Type Insights

The blockchain technology market for the energy sector is segmented on the basis of type into public, private, and hybrid. The main reason for using blockchain technology is to store and share information in a transparent & secure manner. Private blockchain improves operational efficiency to a large extent, however it limits decentralization.

Public blockchains are expected to grow at a high rate as it allows interoperability, decentralization, and transparency of operations along with security. This growth is attributed to increase operational efficiency across the value chain that includes producers, maintenance contractors, logistics, end-users, and other sub-contractors. The demand for hybrid blockchain solutions is also expected to grow at a significant CAGR over the coming years.

Blockchain Technology in Energy Market: Application Insights

Blockchain technology for energy finds applications in utilities, renewable energy generators, electric charging, peer-to-peer energy trading, and others. The growing investments in developing renewable energy infrastructures by private organizations and other small enterprises are expected to increase the demand for blockchain technology in the energy & power sector. Blockchain helps manage renewable energy certificates.

Blockchain plays a very important role in preserving maintenance record of pipes, gas stations and other utilities. Ownership of these services & facilities are subjected to change very frequently, this is where the maintenance record stored by contractors on blockchain can be beneficial. The peer-to-peer energy trading and renewable energy segment is expected to grow at a high CAGR over the forecast period.

Blockchain Technology in Energy Market: Regional Insights

The North American and European region is anticipated to witness large investments in blockchain technology on account of their faster acceptance of advanced solutions. The clean energy package developed by the European Commission has stressed on an energy union centered around the citizen. This means that citizens would be allowed to produce, store, consume and sell self-produced electricity individually or through communities. The Asia Pacific and the Middle Eastern region is expected to grow at a high CAGR over the forecast period on account of their increasing investments in renewable energy generation.

Blockchain Technology in Energy Market: Vendor Landscape

The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.

Blockchain Technology in Energy Market: Competitive Landscape

The global blockchain industry is evolving at a rapid pace on account of its increased preference across various industry verticals. Several companies have demonstrated their interest in developing blockchain technology solutions such as Volt Markets, LO3 Energy, Wanxiang Blockchain Labs, Deloitte, Conjoule, Drift, Greeneum, Grid+, Veridium Labs, MyBit, Power Ledger, Grid Singularity, Electron, Sun Exchange, and IBM Corporation among others.

The stakeholders to the report include government institutions, utilities, renewable energy generators, research organizations, and educational institutes among others

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Blockchain Technology in BFSI Market Size & Analysis – Forecasts To 2025

Blockchain Technology in BFSI Market Insights

The global blockchain technology in the banking, financial services, and insurance (BFSI) industry is expected to grow at a tremendous rate over the coming years. Major factors positively influencing the growth of this market include increased operational efficiency; reduced cost and time of the transaction and transparency are expected to positively influence the growth of the blockchain market in the BFSI sector.

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Blockchain Technology in BFSI Market: Type Insights

The blockchain technology market for the energy sector is segmented on the basis of type into public, private, and hybrid. Private blockchain improves operational efficiency to a large extent, however it limits decentralization. Public blockchains are expected to grow at a high rate as it allows interoperability, decentralization, and transparency of operations along with security. The demand for hybrid blockchain solutions is also expected to grow at a significant CAGR over the coming years.

Blockchain Technology in BFSI Market: Application Insights

Blockchain technology on the basis of the application is segmented into smart contracts, smart assets, clearing and settlement, payments, and digital identity among others. The payment segment is expected to grow at the highest CAGR over the coming years on account of the growing number of partnerships between banks and blockchain technology providers in order to reduce cost & time in processing transactions.

Blockchain Technology in BFSI Market: End-use Insights

Blockchain technology on the basis of end-use is segmented into banks, insurance providers, and other financial service providers. The demand for blockchain solutions in the banking sector is projected to occupy a large share in the market. Blockchain solution in the banking sector is expected to enable efficient management and collaboration across regulatory enterprises and businesses.

Blockchain Technology in BFSI Market: Regional Insights

The North American and European region is anticipated to witness large investments in blockchain technology as companies in these regions are more open to experimenting with upcoming IT solutions. Blockchain technology developers in the North American and European region have also experienced considerable investments by financial companies in blockchain projects. The Asia Pacific and the Middle Eastern region is expected to grow at a high CAGR over the forecast period on account of rising transactions in short-term bank lending.


Blockchain Technology in BFSI Market: Vendor Landscape

The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.

Blockchain Technology in BFSI Market: End-Use Landscape

The end-use landscape includes a list of current and prospective consumers existing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to invest in blockchain solutions such as Santander Bank, Canadian Imperial Bank of Commerce, Banco Santander, J.P. Morgan Chase, and Citigroup.

Blockchain Technology in BFSI Market: Competitive Landscape

The global blockchain industry is evolving at a rapid pace on account of its increased preference across various industry verticals. Some of the companies that have taken up projects to provide blockchain technology to the BFSI sector include IBM Corporation, AWS, Microsoft Corporation, Chain, Inc., Coinbase, Digital Asset Holdings, Ripple, R3, Ledger Holdings Inc., and Olympus Labs among others. In September 2017, Microsoft Corporation tied-up with Bank Hapoalim from Israel to develop a system that uses blockchain technology to manage digital bank guarantees.

The stakeholders to the report include government institutions, banks, financial repositories, insurance providers, exchange market, research organizations, and educational institutes among others.

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Global Agriculture Analytics Market Size & Analysis – Forecasts To 2026

Agriculture Analytics Market Insights

The global agriculture analytics market is projected to grow at a remarkable rate over the forecast period. The market growth is expected to be driven by slew of technological advancements aimed at improving crop yields and other applications such as livestock monitoring, smart green house, and risk management among others. Agriculture analytics safeguards the risk against climate uncertainty and thus reduces the crop losses by providing reliable agricultural information.

The market growth is also seen to be positively influenced by its increased application in precision farming. The systematic deployment of agriculture analytics’ services enables the end-users to get real-time access to information such as rainfall and other weather conditions. Moreover, rising adoption of machine learning techniques, drone analytics, and advanced data analytics have significantly contributed towards the market growth. However, reluctance of small-scaled farmers to adopt technologies coupled with lack of standardization in the overall market is expected to hinder the market growth over the forecast period.

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Agriculture Analytics Market: Offering Insights

On the basis of offering, the agriculture analytics market is segmented into Hardware, Software, and Services. The software segment is further divided into web based and cloud based software. The hardware segment accounted for a significant market share in 2018 and is anticipated to maintain its dominance over the coming years. The software segment is expected to emerge as the fastest growing segment over the forecast period due to high adoption of cloud-based and smart software technologies. These technologies help the farmers and agrochemical industries to plan their harvests accordingly and stay competitive in the industry.

Agriculture Analytics Market: Application Insights

By application, the agriculture analytics market is segmented into yield monitoring, field mapping, weather tracking & forecasting, irrigation management, inventory management, livestock monitoring, fish farming applications, and smart greenhouse among others. Agriculture analytics majorly finds its application in yield monitoring due to its high adoption worldwide. The weather tracking & forecasting segment is also expected to account for a substantial market share over the coming years. The growth of this segment is propelled by high adoption of data collection & processing software & services globally for extremely precise weather forecasts.

Agriculture Analytics Market: End-user Insights

By end-user, the industry is segmented into farmers, weather forecast, agricultural regulatory bodies, and agrochemical industry among others. Agricultural analytics are widely adopted by large-scale based farmers and agrochemical industry. The farmers’ end-use segment in the overall agriculture analytics market has held a considerable share in 2018. Farmers use agriculture analytics to gather information about optimal harvesting times, crop rotation, irrigation management, and risk management among others.

Agriculture Analytics Market: Regional Insights

Asia-Pacific is project to be the fastest growing region over the forecast period. The regional growth is positively influenced by rising adoption of technology in the countries such as India, China, Australia, and Japan among others. Also, increasing number of tech-savy consumers has led to high adoption of big-data analytics in agriculture. North America was valued at the highest in 2018 and is expected to be the largest market over the forecast period due to early adoption of advanced agriculture technologies.

Agriculture Analytics Market: Vendor Landscape

The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.

Agriculture Analytics Market: End-Use Landscape

The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase agriculture analytics services over the coming years. Some leading consumers of this market are Adecoagro, China Agri-Industries Holdings, and Illovo Sugar among others.

Agriculture Analytics Market: Company Market Share & Competitor Analysis

Some of the key players profiled in the report include IBM, Oracle, Microsoft, Blue River Technology Inc., Agribotix, Raven Industries, Deere & Company, and Trimble among others.

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Global Environmental Health and Safety (EHS) Market Size & Analysis – Forecasts To 2025

Environmental Health and Safety (EHS) Market Insights

The global environmental health and safety market is expected to grow at a significant rate over the forecast period. This can be attributed to factors such as increasing investment in end-use segments such as construction, oil & gas and petrochemicals among others to ensure effective compliance. The industry is also anticipated to be influenced by rising government inclination towards environmental protection.

Along with this, growing investment by companies in China and the U.S. for implementation of advanced EHS software is anticipated to be one of the major factors influencing market growth. However, factors such as the poor implementation of regulations, lack of awareness by industries along with lack of actions by authorities are projected to hinder the growth of the industry.

Environmental Health and Safety (EHS) Market: Product Insights

Based on product, the environmental health and safety market is segmented into software and services. The services segment is expected to hold the largest share of the environmental health and safety market. The increase in demand for services provided by players including monitoring, testing, consulting, designing of strategies and training programs among others are anticipated to stimulate the demand over the coming years.

The market for software is expected to grow at a significant CAGR over the forecast period owing to factors such as rising adoption of EHS software by countries such as China, Japan, Singapore and the U.S. among others.

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Environmental Health and Safety (EHS) Market: End-Use Insights

On the basis of end users, the global EHS market is segregated into chemical & petrochemical, energy & mining, healthcare, telecom & IT, construction and manufacturing among others. The energy & mining segment is expected to be the key end-user for the EHS market in the coming years. This can be associated with the growth of oil & gas industry which is likely to lead to an increase in environmental contamination. Along with this, growing imposition of stringent regulation on the key players for the safety of workers and the environment is also likely to have a positive influence on the overall market.

The telecom segment is also projected to grow exponentially over the coming years. This can be attributed to rising urbanization along with increasing growth which is anticipated to lead to an increase in stringent compliance requirements from the government over the forecast period.

Environmental Health and Safety (EHS) Market: Application Insights

The global EHS market is segregated into medical & pharmaceutical waste management, industrial waste management, and wastewater management, based on application. The industrial waste management segment is projected to hold the largest share of the industry in the forecast period. This can be associated with rising adoption of EHS solutions by telecom, oil &gas, chemical, and construction industry among others to cater their requirements.

The wastewater management segment is also anticipated to grow at a healthy CAGR owing to increasing water pollution coupled with declining safe water sources across the world which is likely to stimulate demand for EHS systems.

Environmental Health and Safety (EHS) Market: Regional Insights

The market in Europe accounted for a substantial share during the forecast period and is further anticipated to grow at a high CAGR over the coming years. The regional growth is attributed to growing chemicals, construction, and manufacturing industries. The market is further expected to be driven by a growing number of compliance requirement by the government in the region.

Asia Pacific is also projected to grow at a considerable rate attributing to its growing oil & gas, construction and mining industries. China and India are considered as the major revenue contributors to the overall regional market.

Environmental Health and Safety (EHS) Market: End-Use Landscape

The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase Environmental Health and Safety (EHS) over the coming years. Some leading consumers of Environmental Health and Safety (EHS) are Exxon Mobil Corporation, Royal Dutch Shell, Chevron Corporation, Verizon Communications Inc., Vodafone Group, Glencore and Vale.

Environmental Health and Safety (EHS) Market: Vendor Landscape

The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.

Environmental Health and Safety (EHS) Market Share & Competitor Analysis

Some of the players operating in the global EHS market include The HS&E Group, AECOM Technology Corporation, EHS Data Ltd., RPS Group, Triumvirate Environmental, Inc., Environmental Health and Safety Consultants Pvt. Ltd., SGS S.A., Tetra Tech, Inc., MWH Global, Inc. and Golder Associates.

In July 2018, Bob Diderich, head of the OECD's environmental, health and safety (EHS) division announced that the OECD has made it mandatory for member countries, and those in the process of becoming so, to implement the UN's Globally Harmonized System of classification and labelling of chemicals (GHS). The GHS is a set of rules for classifying hazards, and applying the same format for labels and safety data sheets (SDS) around the world.

In July 2018, Cority, announced an agreement with Airbus. As per the agreement, Cority is to provide its integrated Environmental, Health, and Safety platform to Airbus. Cority is projected to form the foundation of the Federated Information for Safety and Health (FISH) platform and will provide integrated approach to EHS management for Airbus, enabling a holistic view of EHS performance across all departments, sites, and countries.

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