Blockchain Distributed Ledger Market Trends 2023, Industry Growth Overview, Forecast Report By 2028

The latest report by IMARC Group, titled “Blockchain Distributed Ledger Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,”  offers a comprehensive analysis of the industry, which comprises insights on the global blockchain distributed ledger market research report. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global blockchain distributed ledger market size reached US$ 4.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.7 Billion by 2028, exhibiting a growth rate (CAGR) of 30.6% during 2023-2028.

Global Blockchain Distributed Ledger Market Overview:

Blockchain distributed ledger is a decentralized database that allows multiple participants to have real-time access to a constantly updated digital record. This type of ledger is immutable, transparent, and secure, utilizing cryptographic techniques for data verification. Unlike traditional centralized databases, it employs a consensus algorithm that enables participants to agree on the validity of transactions. Its transparency ensures that any changes to the ledger are openly verifiable by all participants. The most compelling advantage of a blockchain distributed ledger is its resistance to unauthorized alterations or hacks, which makes it highly beneficial for applications requiring secure and transparent data transactions, such as in finance, supply chain management, and healthcare.

Get a Sample Copy of the Report at: https://www.imarcgroup.com/blockchain-distributed-ledger-market/requestsample

Global Blockchain Distributed Ledger Market Trends:

The global market is primarily driven by the growing need for transparent and unchangeable record-keeping in various sectors. In line with this, the increasing rate of cybercrime incidents is providing an impetus to the market. Moreover, the broadening application of blockchain in supply chain verification is acting as a significant growth-inducing factor. In addition to this, the adoption of blockchain in healthcare for ensuring data integrity is leading to increased investment in this technology. Besides this, innovations in smart contracts are creating lucrative opportunities in the market.

Apart from this, the integration of the Internet of Things (IoT) with blockchain technology is escalating market demand. Some of the other factors contributing to the market include the growing popularity of digital currencies, the increasing need for quick and low-cost cross-border transactions, broadening applications in real estate for transparent property deals, and extensive research and development activities.

Explore the Full Report with Charts, Table of Contents, and List of Figures:https://www.imarcgroup.com/blockchain-distributed-ledger-market

Competitive Landscape with Key Players:

  • Accenture PLC
  • AlphaPoint
  • Amazon Web Services Inc. (Amazon.com Inc.)
  • Auxesis Services & Technologies Ltd.
  • Digital Asset Holdings LLC
  • Huawei Technologies Co. Ltd.
  • Intel Corporation
  • International Business Machines Corporation
  • iXLedger
  • NTT DATA Corporation (The Nippon Telegraph and Telephone Corporation)
  • Visa Inc.

Breakup by Component:

  • Solution
  • Service

Breakup by Type:

  • Private
  • Public
  • Hybrid

Breakup by Enterprise Size:

  • Large Enterprises
  • Small and Medium Enterprises

Breakup by Application:

  • Payments
  • Smart Contracts
  • Supply Chain Management
  • Compliance Management
  • Trade Finance
  • Others

Breakup by End-Use Industry:

  • BFSI
  • Government and Public Sector
  • Manufacturing
  • Retail and E-Commerce
  • Media and Entertainment
  • Transportation and Logistics
  • Healthcare
  • Energy and Utilities
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • The Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

  • Market Performance
  • Market Outlook
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

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