Blockchain Market ($60.7 Billion by 2024) Driving Factors are Growing Initial Coin Offerings and Cryptocurrencies Market cap 735 0 Kommentare Radiant Insights, Inc. - Seite 2

Globally, North America may account for the significant market share of Blockchain and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers with huge operation base in this region and application of payment, smart contracts, and documentation. Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of Blockchain in this region.

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The key players of blockchain market are Ripple, Abra, Microsoft Corporation, AlphaPoint, International Business Machines Corporation, Bitfury Group Limited, Factom, Amazon Web Services, Inc., BTL Group Ltd., Digital Asset Holdings LLC, Earthport PLC, and Coinbase. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.