DUBLIN–(BUSINESS WIRE)–Feb 5, 2021–
The “Blockchain Technology Market by Use Case, Business Model, Solutions, Services and Applications in Industry Verticals 2021 – 2026” report has been added to ResearchAndMarkets.com’s offering.
This report examines the technology, leading companies, and solutions in the evolving blockchain ecosystem. The report evaluates current and anticipated use cases for blockchain and assesses the market potential globally, regionally, and segmented by deployment type and industry vertical.
The report also evaluates key players, solutions, and use cases. The report also assesses the prospect of integrating blockchain with other technologies including IoT and artificial intelligence. The report includes detailed forecasts by use case, application, and industry verticals from 2021 – 2026.
Blockchain and related distributed authentication and accounting technologies are poised to transform ICT, and is so doing, causing substantial disintermediation across a wide variety of industry verticals. Lessons learned in FinTech and traditional banking from the deployment and operation of decentralized authentication, clearing and settlement will be applied towards many telecom and computing problems for the benefit of many industry verticals. The impact will be wide-ranging, including everything from investing/trading to the legal cannabis industry, and very deep in terms of changes to supply chains and relationships between vendors, customers, and peers.
Integration and operation of Blockchain technology will redefine how various industries operate, dramatically improving efficiencies, and reduce the cost of doing business. For example, start-up companies have been launched to provide software and microchip hardware that facilitates connected devices to operate on blockchain. Products have been designed to encrypt data, distribute information to blockchain-connected machines, and monetize these machines.
One important technology integration area is the Internet of Things (IoT), which is a very promising area as we anticipate that the use of Blockchain in IoT networks/systems will be one of the most important means for authenticating and authorizing transactions. For example, HYPR provides solutions to reduce cybersecurity risks in IoT devices through its decentralized credential approach. Their products reduce the need for passwords in a centralized server, replacing them with biometric and other password-free solutions. This provides for IoT devices that are virtually unhackable from a social engineering perspective.
We also see Blockchain as a Service (BaaS) representing a key service offering for many market segments as a means of solution introduction and scalability via a cloud services model. For example, AI in supply chain management solutions combined with blockchain technology market solutions to dramatically improve SCM. In the US alone, there are more than 500,000 shipping companies. This concentration of shipping and trade routes can cause data transparency and storage issues. Blockchain can solve these issues by providing data transparency.
Select Report Findings:
- Distributed ledgers and other blockchain capabilities are rapidly expanding outside finance
- The blockchain technology market will grow at 62.73% CAGR through 2026 reaching $52.5 billion
- Substantial blockchain opportunities include data decentralization, data usage control, and encryption
- Consortium/hybrid blockchain will be the largest North America blockchain tech area at $6.7 billion by 2026
- The preponderance of blockchain revenue will be derived from three types of services: Blockchain-as-a-Service (BaaS), Cloud Computing (hosting and data as a service), and Systems Integration
- Companies like Accenture will lead the charge for systems integration and companies like Amazon, Dell, HPE, and IBM will lead for BaaS and Cloud Computing. Other companies will fill important niche roles.
- Anticipate substantial M&A activity in this space as deals such as Ping Identity acquisition of ShoCard become more common. Block technology provides a certain means of authentication, authorization, and accounting.
Key Topics Covered:
1.0 Executive Summary
2.1 Evolution of Payment Industry
2.2 Payments Value Chain and Blockchain
2.3 Blockchain Technology
2.4 Early Blockchain Implementations
2.5 Blockchain Technology SWOT Analysis
3.0 Blockchain Ecosystem and Marketplace
3.1 Blockchain Types and Stakeholders
3.2 Blockchain Applications
3.3 Blockchain Application in Industry Verticals
3.4 Blockchain in Internet of Things
3.5 Blockchain as a Service
3.6 Blockchain Stakeholders in ICT
3.7 Blockchain to Improve Cybersecurity
3.8 Blockchain Investment Analysis
3.9 Important Blockchain Consortia and Associations
3.10 Blockchain Solutions in Industry Verticals
4.0 Blockchain Market Dynamics
4.1 Market and Technology Drivers
4.1.1 Increased Blockchain within Traditional Financial Institutions
4.1.2 Digitization for Improved Service Realization and Error Prevention
4.1.3 Cloud-based Service Delivery Models
4.2 Challenges and Opportunities
4.2.1 Security Issues
4.2.2 Regulation and Governance
4.2.3 Mergers and Acquisitions
5.0 Blockchain Market Case Study
5.1 Blockchain Asset Management and Real Estate Case Study
5.2 Blockchain Case Study for Government in the UAE
5.3 Honeywell Aerospace creates online parts marketplace with Hyperledger Fabric
5.4 SGX Used Amazon Managed Blockchain for an Innovative Payment Solution
5.5 Zug Digital ID Case Study
5.6 ING Group: KYC System on Blockchain
5.7 Streamlining Efficiency in Logistics with IoT Blockchain
5.8 Palm Oil Industry Case Study Using Blockchain and IoT
6.0 Blockchain Market Outlook and Forecasts 2021 – 2026
6.1 Global Market Forecast 2021 – 2026
6.2 Blockchain Markets by Solution 2021 – 2026
7.0 Blockchain Vendor Analysis
- Abra, Inc.
- Alphapoint Corporation
- Bitfury Group
- Blockchain Global Limited
- BlockCypher, Inc.
- BTL Group (Blockchain Tech Ltd.)
- Circle Internet Financial Limited
- Coinfirm Ltd.
- ConsenSys Systems (ConsenSys)
- Dell Technologies
- Deloitte Touche Tohmatsu
- Digital Asset Holdings
- Digitalx Ltd. (Digital Cc Ltd.)
- DMG Blockchain Solutions
- Earthport (Visa)
- Factom Inc.
- Fidelity Investments
- Global Arena Holding, Inc.
- Interstellar, Inc.
- Libra Services, Inc.
- Microsoft Corporation
- ShoCard (Ping Identity)
For more information about this report visit https://www.researchandmarkets.com/r/qs822a
View source version on businesswire.com:https://www.businesswire.com/news/home/20210205005204/en/
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INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY
SOURCE: Research and Markets
Copyright Business Wire 2021.
PUB: 02/05/2021 05:58 AM/DISC: 02/05/2021 05:57 AM