Scope of the Study
Public blockchain is permission less blockchain which means that anyone can join and read, write and participate in public blockchain. In public blockchain no one has control over the network and the data once validated cannot be changed. It is useful in the situations where anonymity of user is important to protect. Also, itís a platform where all the users are treated equally. It has various benefits such as open read and write, distributed ledger, Immutable and Secure due to mining. These factors and benefits are increasing the usage of public block chain.
The market study is being classified by Type (Pseudo Anonymous address, PGP encryption, Encryption currency and Distributed consensus), by Application (Financial and Non-financial) and major geographies with country level break-up.
IBM (United States), Microsoft (United States), Deloitte (United Kingdom), KPMG (Netherlands), EY (United Kingdom), Accenture (Ireland), Cisco (United States), JP Morgan (United States), Infosys (India) and Conduent (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Consensys (United States), R3 chain Inc. (United States), Ripple (United States) and Digital asset holdings (United States).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Public Blockchain Technology market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Public Blockchain Technology market by Type, Application and Region.
On the basis of geography, the market of Public Blockchain Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Requirement to Simplify the Business Processes is Fueling the Market
- Growing Need to Integrate Block Chain Technology with Supply Chain Management Applications
- Increased Transaction Management Efficiency
- Increasing Investments in Block Chain and Venture Capital Funding
- High Initial Investments May Hamper the Market Growth
- Security Concerns
- Increasing Interest by Financial Institutions and Banks for Block Chain Technology
- Digitization in Various Industry Sectors
- Limited Availability of Skilled Professionals to Implement Block Chain technology
Market Leaders and their expansionary development strategies
On 26th March 2020, Microsoft has acquired Affirmed Networks which develops mobile network solutions with gateway functionality, rich application and content delivery services and On 14 January 2019, IBM has acquired T systemsí mainframe service business
On 11th October 2019, IBM has launched new blockchain supply chain based on technologies which includes Watson AI and IBM blockchain. It enables the hybrid cloud support of data integration between manufacturers, retailers and other network participants.
Key Target AudienceBlock chain technology provider, Government associations, Research organisations, Enterprises and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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