Blockchain distributed ledger market is anticipated to grow at a CAGR of 52.6% during the forecast period. The primary factor that drives the market growth is the increasing adoption trend of distributed ledger among various large & medium size enterprises, and increasing awareness associated with blockchain distributed ledger application among numerous industries drives the market growth. For instance, in February 2022, Censor Black announced that it extended its financial services by providing blockchain-enabled solutions to create additional revenue sources for manufacturing SMEs by tokenizing their under-utilized assets. Censor Black is aiming to bridge the divide between large and small enterprises by leveraging blockchain technology and enabling under-utilized resources to circulate. Moreover, the low risk of data fraud and less cost of installation of blockchain distributed ledger further propel the market growth. However, a lack of awareness regarding cryptocurrency among developing nations may hamper the growth of the market.
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The North American region is expected to dominate the market growth. the major factor that drives the market growth is the increasing application of blockchain among numerous end-user verticals such as BFSI, the government sector, and manufacturing units for sending & receiving product information and storing customers’ detailed information securely. Moreover, the rapid adoption of technological advancement in the field by key players such as IBM, Oracle, and Adastra, will further boost the market growth. for instance, in December 2019 Adastra Group announced a partnership with OneLedger, to bring a distributed ledger platform to the North American market to support customers’ Digital Transformation needs. OneLedger approached Adastra to assist with sales and client relations owing to Adastra’s knowledge and experience in Emerging Technologies particularly in, distributed ledger technology and blockchain.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Blockchain Distributed Ledger Market– Segmentation
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By Application
- Payments
- Smart Contracts
- Supply Chain Management
- Compliance Management
- Trade Finance
- Others
By End-User
- BFSI
- Government & Public
- Manufacturing
- Retail & E-Commerce
- Media & Entertainment
- Transportation & Logistics
- Healthcare
- Energy & Utilities
- Others
Global Blockchain Distributed Ledger Market by Region
North America
- US
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global blockchain distributed ledger market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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