Blockchain distributed ledger market is anticipated to grow at a CAGR of 52.6% during the forecast period. The primary factor that drives the market growth is the increasing adoption trend of distributed ledger among various large & medium size enterprises, and increasing awareness associated with blockchain distributed ledger application among numerous industries drives the market growth. For instance, in February 2022, Censor Black announced that it extended its financial services by providing blockchain-enabled solutions to create additional revenue sources for manufacturing SMEs by tokenizing their under-utilized assets. Censor Black is aiming to bridge the divide between large and small enterprises by leveraging blockchain technology and enabling under-utilized resources to circulate. Moreover, the low risk of data fraud and less cost of installation of blockchain distributed ledger further propel the market growth. However, a lack of awareness regarding cryptocurrency among developing nations may hamper the growth of the market.
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The major companies serving the global blockchain distributed ledger market include Depository Trust & Clearing Corp., Digital Asset Holdings, LLC, Elrond Network, Enterprise Ethereum Alliance and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2022, Proleo.io announced its partnership with Blockchain Wire to meet the rsing need for wide-scale adoption of blockchain technology across all major industries. Moreover, with this collaboration, Proleo.io moves a step closer to its penultimate goal and utilized the initiatives of managing their potential announcements through Blockchain Wire’s platform.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Blockchain Distributed Ledger Market– Segmentation
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By Application
- Payments
- Smart Contracts
- Supply Chain Management
- Compliance Management
- Trade Finance
- Others
By End-User
- BFSI
- Government & Public
- Manufacturing
- Retail & E-Commerce
- Media & Entertainment
- Transportation & Logistics
- Healthcare
- Energy & Utilities
- Others
Global Blockchain Distributed Ledger Market by Region
North America
- US
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global blockchain distributed ledger market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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