Global Blockchain for Enterprise Applications Market Report 2016-2025

Analysis of the $19.9 Billion Market with Profiles of 22 Key Industry Players Across 19 Industries - Research and Markets

DUBLIN, Mar 01, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Blockchain for Enterprise Applications" report to their offering.

According to this new report, annual revenue for enterprise applications of blockchain will increase from $2.5 billion worldwide in 2016 to $19.9 billion by 2025.

There has been much ado about blockchain: a distributed data verification technology wherein financial and operational transactions are recorded and validated across a network, rather than through a central authority.

This distributed ledger technology can be confounding as enterprises wrestle with how best to utilize it, but at the same time blockchain promises radically different approaches and efficiencies for transaction processing, asset management, intra-organizational execution, and identity management.

The technology that began with Bitcoin is enjoying a blossoming beyond cryptocurrency and the transfer of money, to an architecture able to support many types of transactions, from logging an event, to signing a document, to allocating energy between parties, and far beyond.

In the last year alone, over a hundred financial institutions, more than two dozen governments, and countless corporations and venture capitalists have invested more than $1 billion into blockchain startups. But through the fog of hype lies the sobering reality that this is a market of extreme nascence and fragmentation; a notable void of in-production or at-scale implementations; and a lack of regulatory, legal, governance, collaborative, economic, digital, and even cultural precedent.

Despite significant hurdles, however, blockchain has the potential to impact a wide variety of industries.

This analysis has identified 29 distinct use cases for enterprise blockchain, many of which offer significant advantages in terms of cost savings, efficiency, security, and compliance compared to traditional systems and business processes.

This report examines market trends, technology issues, key use cases, and industry players in the rapidly evolving enterprise blockchain sector. The study includes granular market sizing and revenue forecasts for 29 use cases spanning 19 industries, segmented by implementation category and world region, for the 10-year period from 2016 through 2025.