Blockchain Technology Market Growth Expected to Thrive with Proliferated Use in Finance and Insurance

Published on : Jul 18, 2018

Albany, New York, July 18, 2018: Growing adoption of blockchain technology in various industry verticals will likely foster growth in blockchain technology market. To understand the implications of recent developments on the growth blockchaintechnoloy market, Market Research Hub (MRH) has added a new report titled, 'Data Sheet on Global Blockchain Technology Market (2018-2023)'to its database.

Foreign Currency Exchange Spur New Growth Avenues in Blockchain Technology Market

With crypto currencies becoming the recent fad, end-user expectations are demonstrating a paradigm shift. Market players are keen on enhancing services and offerings with inclusion of secure cryptographic encryption that address industry specifics.

In its stride to foster new developments in blockchain technology, Microsoft has recently unveiled its Azure Blockchain tools. The tools will aid developers who actively use distributed ledger technology. The tools will support end-to-end applications of blockchain technology that can be developed easily with Microsoft Asure's newly released tools that aim at seamless enablement of blockchain applications in a minimum time frame.

To introduce novel changes in aircraft supply chain, Accenture has entered into a strategic partnership with Thales Group. The collaboration foresees to incorporate updated supply chain system with the aid of blockchain technology. The development will empower supply chain models of aircraft using Thale's PUF tool. This venture is expected to benefit Accenture’s position in blockchain technology market.

Comprehensive research postulates compiled in the report provide readers with a complete summary of market segments. This section of the report enlists type and end-user industry as chief segments exhibited in blockchain technology market. Based on type, blockcain technology market is segregated as public blockchain, private blockchain, and mixed blockchain. ON the basis of end-user industry, blockchain technology market is classified as banking and financial services, healthcare, supply chain management, energy, media, and informatics amongst others. Elaborate description of market segmentation allows readers to identify segments attributed for revenue maximization. Also the report aids readers in comprehending the impact of segments in nurturing growth in blockchain technology market.

Alongside, the report enables readers to understand regional distribution of blockchain technology market. Based on region, blockchain technology market is fragmented as Europe, North America, Latin America, Asia-Pacific, and Middle East and Africa. Based on these research components, readers can comprehend various marketing practices employed by core companies and their corresponding impact on end-users in blockchain technology market.

Key Players: Blockchain Technology Market

Veritable research findings compiled in the report allow readers to draw significant imformation about the efficacies of marketing strategies in steering end-user preferences and their subsequent purchase decisions. New and existing market players in blockchain technology market can carry out detailed analysis of these strategies to obtain clear perspectives and new inferences. Based on these interferences, market players can design essential investment decisions and marketing policies that garner increased revenues in blockchain technology market and secure their precedence.  Key players identified in blockchain technology market are, Microsoft Corporation, IBM, Accenture, and Deloitte amongst others.

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