What is Military Blockchain?
Military can benefit from blockchain technology in a variety of ways, including such as prevention of cyberattacks by other nations or terrorist groups, defense of critical weapon systems, automated system management, validation of orders and information on the battlefield, and supply chain management and logistics. The advantages of blockchain in military logistics can include increased delivery speed, traceability, safety, and cost savings. The use of blockchain technology in the military and defense sector simplifies data collection while also attempting to protect the identity of every individual person in the military department. Blockchain technology (BT) in the military and defense sector also contributes to the increased security and efficiency of defense departments around the world.
The market study is broken down by Type (Public Blockchains and Private Blockchains), by Application (Cyber Defence, Secure Messaging, Resilient Communications and Logistics Support) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Manufacturers from United States will contribute to the maximum growth of Global Military Blockchain market throughout the predicted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Accenture PLC (Ireland), LeewayHertz (United States), International Business Machines Corporation (United States), Intellectsoft (United States), GuardTime AS (Estonia), SIMBA Chain Inc. (United States), Consensys (United States), BlockChangers (Norway), ChromaWay (Sweden) and IntellectSoft (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Accubits (United States) and Solulab (United States).
AdvanceMarketAnalytics has segmented the market of Global Military Blockchain market by Type, Application and Region.
On the basis of geography, the market of Military Blockchain has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). If we see Market by Platform, the sub-segment i.e. Land-based will boost the Military Blockchain market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment , the sub-segment i.e. On-Premises will boost the Military Blockchain market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Infiltration Of Artificial Intelligence (AI) Technology In The Military
- Increasing Acceptance Of Blockchain Technology In The Military And Defense Sector
- Rising Case Of Cyber Terrorist Attack Leads The Demand Of Blockhain Technology
- Growing Execution Of Blockchain-Based Solutions In Armed Forces To Progress Military Applications
- Government Increasing Investment In Development Of Military Sector
- Lack Of Skilled Professionals
- High Cost Associated With Blockchain Technology
- Technological Complexity Associated To Blockchain Technology
Key Target AudienceMilitary Blockchain Developer, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Accenture PLC (Ireland), LeewayHertz (United States), International Business Machines Corporation (United States), Intellectsoft (United States), GuardTime AS (Estonia), SIMBA Chain Inc. (United States), Consensys (United States), BlockChangers (Norway), ChromaWay (Sweden) and IntellectSoft (United States) etc.
2. Can we have customized study for Military Blockchain Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Military Blockchain Market by 2027?
Analysts at AMA estimates Military Blockchain Market to reach USD Million by 2027.