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