Pune, India -- (SBWIRE) -- 10/09/2018 -- The report "Global Blockchain Market: Size, Trends & Forecasts (2018-2022)", provides an in-depth analysis of the global blockchain market by value and by segments.

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The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global blockchain market has also been forecasted for the period 2018-2022, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

The competition in the global distributed ledger technology is dominated by IBM, however, the competition in blockchain market is ambiguous.

Further, key players of the blockchain market IBM Corporation, Microsoft, Ripple Labs, Inc. And Accenture PLC is also profiled with their financial information and respective business strategies.

Key Company Coverage of Blockchain Market: Accenture plc, Microsoft, IBM Corporation & Ripple Labs, Inc.

Blockchain is an ambitious technology that is possessed with the potential to make the functioning of cybersecurity and automation better. This technology has an opportunity for the betterment of infrastructure of software industry.

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The technology has evolved over the years and is a sophisticated version of previous existing technologies beginning from Mainframe, Client IT Server System, Clouds and Blockchain. Blockchain has its application in financial services, insurance, healthcare, government, education, etc.

There are difference in the structures of blockchain, permissioned blockchain and permissionless blockchain.
Major blockchain platforms are R3 Corda, Ripple, Request Network, Hyperledger Fabric, Chain, Ethereum, etc. The global blockchain market is expected to increase at a significant CAGR during the years 2018-2022.

The blockchain market is expected to increase due to growth in internet penetration, adoption of blockchain by EU, etc. Yet the market faces some challenges such as, environmental cost, lack of legal framework, complex to understand the blockchain, etc.

Few Points from List of Figures Provided in Global Blockchain Market:

Figure 1: Evolution of Blockchain

Figure 2: Uses of Blockchain

Figure 3: Application of Blockchain

Figure 4: Differences Between Blockchain Structures

Figure 5: Working of Blockchain

Figure 6: The Dimensions of Blockchain Structures

Figure 7: Advantage of Blockchain Approach Over Traditional Payment Networks

Figure 8: Global Blockchain Market by Value; 2017-2022 (US$ Billion)

Figure 9: Global Blockchain Market by Segments; 2018 (Percentage, %)

Figure 10: Global Business Cross Border Blockchain Market Value; 2017-2022 (US$ Billion)

Figure 11: Global Remittance Blockchain Market by Value; 2017-2022 (US$ Billion)

Figure 12: Global Capital Blockchain Market by Value; 2017-2022 (US$ Billion)

Figure 13: Global Title Insurance Blockchain market by Value; 2018-2022 (US$ Billion)

Figure 14: Global Internet Penetration; 2014-2019 (Percentage, %)

Figure 15: Blockchain in Payments; 2016-2021 (Percentage, %)

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