International Business Machines Corporation Major market players included in this report are: Request a Sample PDF copy of the report – Factors such as the increasing penetration of block chain technology and rising concern over data security in financial institutions and other industries, would create lucrative growth prospects for the global Blockchain Distributed Ledger Market across the Asia Pacific region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. North America is the leading region across the world in terms of market share owing to the growing utilization of blockchain technology and presence of leading market players. The key regions considered for the global Blockchain Distributed Ledger Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. However, a lack of awareness towards block chain technology in emerging regions impedes the growth of the market over the forecast period of 2022-2028. Also, growing adoption of blockchain technology in banking and finance sector and increasing integration of IoT with DLT technology coupled with rising concern over data security across the organizations are anticipated to act as a catalyzing factor for the market demand during the forecast period. Moreover, in December 2019, Toronto, Canada based Adastra Group, a global leader in data management and analytics, partnered with Blockchain as a Service provider, OneLedger, to bring a distributed ledger platform to the North American market. Under this partnership both the players would bring distributed ledger technology based IoT solutions to consumer products industry. For instance, in April 2019, London based IoT Software company EVRYTHNG partnered with IOTA, a non-profit foundation focused on distributed ledger technology (DLT) and permissionless ecosystem development. This is value is projected to grow to USD 1,235.71 billion by 2030, witnessing a compound annual growth rate of 82.8 percent.įurthermore, leading market players are working towards new partnerships to capitalize the growing adoption of Blockchain Distributed Ledger. For instance, according to Statista – according to Statista – as of 2021, the global blockchain technology market was valued at USD 5.85 billion. The rising expansion of Blockchain Technology and increasing adoption of distributed ledger across different industries as well as Strategic partnership from leading market players are factors that are accelerating the global market demand. Distributed ledger Technology enables storage of all information in a secure and accurate manner using cryptography. The Blockchain Distributed Ledger can be defined as system that uses independent computers called as nodes to record, share, and synchronize transactions in their respective electronic ledgers (instead of keeping data centralized as in a traditional ledger). Request To Download Free Sample of This Strategic Report: – ![]() Global Blockchain Distributed Ledger Market is valued approximately USD $$ million in 2021 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023-2030.
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