Global Blockchain in Security Market Analysis
According to the report published by Market Research
Future, the global Blockchain in Security Market was pegged at $ USD 178.37
million in 2017 and is expected to hit to USD 1572.46 million by 2023,
registering a CAGR of 43.73% from 2018 to 2023. The report provides a
comprehensive analysis of the top investment pockets, top winning strategies,
drivers & opportunities, market size & estimations and changing market
trends affected by COVID 19 pandemic. Many industries and market have witnessed
adverse effects caused due to a deadly virus all over the world. Yet, the
global blockchain in the Security market expects to stay less-affected and
could form a better future through more sales and revenues.
Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/7198
Blockchain in Security Growth Boosters
The factors causative to the growth in the market
include rising need for reduction in error handling and reconciliation, surged
automation with data integrity and security as well as mounting demand for
improved contractual performance with smart cards. Similarly, considerable
growth in need for supply chain transparency and ascend in demand for improved
security of supply chain transactions have also driven the growth of the global
blockchain in the security market.
MRFR finds that the implementation of blockchain
technology has created a tremendous impact considering the advancement in
trusted digital services such as mobile money, billing, payments and
transactions, digital identification and cryptocurrency.
The disruptive nature of blockchain is attributable
to its high-end mechanism. Decentralized by design, and often hosted by
millions of computers simultaneously, blockchain in security and its databases
create a secured infrastructure by protecting data against manipulation and
making it reachable to anyone. While this infrastructure provides inherent
security for technology, it also creates new pain points concerning human or
device interaction. To interact with a blockchain in security services, the
user’s private key is the identity and security credential.
In a growing number of cases, many security
professionals are finding that the qualities blockchain brings to a solution
are successful in networks, securing data, critical infrastructure, identities,
and more. These factors have also been considered as primarily working in the
growth of the market. Blockchain is being used in several security
applications, ranging from record-keeping to act as part of the active data
infrastructure, and more options are likely augmenting the market’s growth for
the future timeframe.
Segment Review
Blockchain in the security market, by service
provider segment, has included middleware provider, application and solution
provider, and infrastructure and protocols provider. Among these application
and solution provider segment leads the blockchain in security market during
the forecast period.
Based on the vertical segment, the market has
included government, BFSI, energy and utilities, healthcare and life sciences,
retail and e-commerce, IT & telecom, and others.
Regional Framework
The geographical analysis of the blockchain in the
security market is done for the regions of Asia-Pacific, Europe, North America,
and the rest of the world.
North America might lead the blockchain in the
security market from 2018 to 2023 owing to a strong foundation in finance and
commerce that is witnessing the express implementation of blockchain technology
for financial transactions and data storage. Besides, high concentration of
market players in the region and accessibility of proficient technical
expertise compel cross-business collaboration and blockchain interoperability.
Asia-Pacific region is probable to observe the
fastest adoption blockchain technology in security and recorded the highest
CAGR during the assessment period.
Vendors Landscape
The well-known players in the blockchain in security
market have been identified across all the major regions. The major vendors of
the market are Microsoft (US), IBM (US), Hewlett Packard Enterprise Company
(US), Deloitte Touche Tohmatsu Limited (UK),
Cyber Infrastructure Pvt. Ltd. (India), Accenture PLC (Ireland), Oracle
(US), SAP (Germany), Cegeka (Netherlands), Intel (US), Digital Asset Holdings
(US), Guardtime (Estonia), Huawei (China), BigchainDB (Germany), Symbiont (US),
Blockpoint (US), RecordsKeeper (Gibraltar), AlphaPoint (US), Blockchain Foundry
(Singapore), and Factom (US).
Get Complete Report Details at: https://www.marketresearchfuture.com/reports/blockchain-in-security-market-7198
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
No comments:
Post a Comment