What is Blockchain In Security Market?
Blockchain security is a risk management system for a blockchain network that employs cybersecurity frameworks, assurance services, and best practises to limit the risk of attacks and fraud. Blockchain technology creates a data structure with built-in security features. It is built on cryptography, decentralization, and consensus principles, which assure transaction trust.
The market study is being classified by Type (Public blockchains, Private blockchains, Permissionless Blockchains and Permissioned Blockchains), by Application (Transportation and Logistics, Agriculture and Food, Manufacturing, Energy and Utilities, Healthcare and Life Sciences, Media, Advertising, and Entertainment, Banking and Financial Services, Insurance, IT and Telecom, Retail and eCommerce, Government and Other) and major geographies with country level break-up.
IBM (United States), Microsoft (United States), Amazon Web Services (United States), SAP(Germany), Intel (United States), Oracle (United States), Bitfury (Netherlands), Cegeka (Netherlands), Earthport (United Kingdom), Guardtime (United States), Digital Asset Holdings (United States), Chain (United States), Huawei (China), BlockCypher (United States), Symbiont (United States), BigchainDB (Germany), Applied Blockchain (United Kingdom), BlockPoint (United States) and Auxesis Group (India) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Blockchain Foundry (United Kingdom), NTT Data (Japan) and Infosys (India).
The market's competitive environment is highly fragmented. To improve their market positions, market players are focusing on collaborations, product innovation, research and development, acquisitions, and regional expansion. Market companies are also concentrating on improving their product offerings in order to better respond to changing consumer requirements and remain competitive. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Blockchain In Security market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Blockchain In Security market by Type, Application and Region.
On the basis of geography, the market of Blockchain In Security 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 Cyber-Attack and Fraud
- Need of Decentralize Internet On Things Network In Order To Improve Speed And Connectivity
- Trending IoT and Centralized Network
- Digitalization of Cryptocurrency as a Public Ledger
- High Investment Cost Implementation Can Constrain the Blockchain in Security Market
- Growing Number of SMEs that use Blockchain Technologies and Application Leads the Use of Blockchain in Security Market
- Government Compliance for Implementing Blockchain Security in Organization is Fueling the Blockchain in Security Market
- The issue in Scalability and Consumption of too much Energy will hamper the Blockchain in Security Market
- Lack of Multiple Experts in Blockchain Technology can hinder the Blockchain in Security Market
Market Leaders and some development strategies
On 22 Oct 2020, IBM announced the partnership with R3, an enterprise software firm to expand Blockchain Capabilities and Service across the hybrid cloud. New Partnership aimed at giving clients more options for expanding blockchain technology while maintaining the greatest standards of performance, compliance, and data protection. Enterprises are rapidly developing blockchain solutions that provide enhanced security and data privacy capabilities while also solving performance concerns. IBM LinuxONE provides a highly secure platform certified to meet the highest level of security certification commercially available for clients with highly sensitive data and workloads spread across hybrid cloud environments, such as digital identity, digital assets, central bank digital currencies, tokens, and payment information.
On 05 March 2019, IBM launch that its X-force security team will provide a blockchain security testing service. The service will try to identify security flaws as well as improve security. Penetration testers will look at both the backend and the ledger itself, as well as any public key infrastructure. Because blockchain is a relatively new technology, it presents distinct attack vectors than established applications.
Key Target AudienceBlockchain in Security Providers, Blockchain in Security Association, Blockchain in Security International Traders, Research and Development Institutes, Financial Institutes and Investors, Regulatory Bodies and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Blockchain In Security Market?
"Increasing Cyber-Attack and Fraud
" is seen as one of major growth factors of Blockchain In Security Market in years to come.
2. Can we have customized study for Blockchain In Security Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Blockchain In Security Market?
will lead the Blockchain In Security Market.