What is Blockchain Analysis Software Market?
Blockchain Analysis is used to inspect, identify, cluster, model and visually represent data. Blockchain analysis software is used to examine the information documented on blockchains and distributed ledgers. These softwares are used as tools for investigating entities, individuals, and transactions interacting with a blockchain. Users can search for specific events, monitor for unusual activity, and represent a blockchain’s data visually.
The market study is being classified, by Application (Anti-Money Laundering(AML), Know-Your-Customer(KYC) and Others) and major geographies with country level break-up.
Alethio (United States), AnChain.AI, Inc. (United States), Blockpit GmbH (Austria), BlocWatch (United States), Bison Trails Co. (United States), Chainbeat Inc. (United States), Bloxy (United States), TIBCO (United States), CipherTrace, Inc. (United States), Chainalysis (United States), Ocyan Cloud LTD (United Kingdom), Scorechain (Luxembourg), ChromaWay AB (Sweden), Cryptowerk Corp. Inc. (United States), Elliptic (United Kingdom), Sofocle Technologies (India), Crystal Blockchain (The Netherlands), Sixgill LLC(United States), VerifyChain Pty Ltd. (Australia) and Bison Trails (United States) are some of the key players profiled in the study.
The blockchain analysis software market is fragmented by numerous key players who have the bargaining power high in this market. The Intensity of rivalry appears to be high in this market as competitors are numerous and software features are undifferentiated. Major companies in this market are constantly working towards introducing innovative updations and lowering costs of software in order to enhance profitability.
Segment Analysis
Analyst at AMA have segmented the market study of Global Blockchain Analysis Software market by Type, Application and Region.
On the basis of geography, the market of Blockchain Analysis Software 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.
Market Drivers
- Search for Information on a Blockchain or Distributed Ledger
- Analysis and Visual Representation of Data from A Blockchain
- Protection against Fraud, Misuse, and Noncompliance
Market Trend
- Adoption of Distributed Ledger Technology (DLT) System
Restraints
Opportunities
- Developments in the Information Technology Domain
- Rising Market Capitalization of Cryptocurrencies
- Blockchain Analysis Software Enables in Evaluating Risk Associated with a Specific Identity or Entity
Challenges
- Technical Software Issues in Software
In April 2020, Chainalysis, a Blockchain analysis firm partnered for a program to work with major infrastructure providers around the world. These partners include providers of compliance software, core banking infrastructure, cryptocurrency wallets, and others.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Blockchain Analysis Software Providers, Cloud Service Providers, Blockchain Service Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
Customization in the Report Available:
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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**
** Confirmation on availability of data would be informed prior purchase