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Increasing use of distributed ledger by large and medium sized enterprises is driving blockchain distributed ledger market

VANCOUVER, BC, CANADA, June 26, 2023/EINPresswire.com/ -- The global blockchain distributed ledger market size is expected to reach USD 228.31 Billion in 2018 and register a steady revenue CAGR of 62.5% over the forecast period, according to latest analysis by Emergen Research. Improved data transparency and accountability in blockchain distributed ledger technology is a key factor driving global blockchain distributed ledger market revenue growth.

Blockchain distributed ledger technology provides better data security to its client enterprises. In general, enterprises are required to stock and share private data between different shareholders involved in a project. Blockchain distributed ledgers help them to store and manage that private information with high level of security. Restricting identity theft, ending denial of service attacks, and avoiding data tampering are three aspects in which blockchain distributed ledgers ensure data security to enterprises.

The market intelligence reports on Blockchain Distributed Ledger market dives deep into aspects including but not limited to the market size, growth and share across different regions to keep the stakeholders and business owners informed and help them make a wise business decision. For data-savvy product owners, sophisticated business evangelists and information-focused filed marketing personnel, looking to incorporate qualitative figures into their fundamental perspective the report presents an unrivalled statistical data on both past and future industry trends.

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Some Key Highlights from the Report

In 2021, global digital currency platform, Intercoin, partnered with India Blockchain Alliance. This collaboration is geared to accelerate exposure of blockchain distributed ledger by implementing cryptocurrencies and NFTs for businesses, organizations, and universities.

Solution segment accounted for significantly large revenue share in 2020. Solution permits digital ledger network and application developers to customize distributed ledger networks. In addition, high demand for solutions such as Ethereum, Hyper Ledger Fabric in cross industries and R3 Corda, and Ripple in financial services is driving revenue growth of this segment.

Private segment accounted for largest revenue share in 2020 owing to ability to limit participation in transactions and therefore, lower risk. It is relatively inexpensive to change regulations and transaction processes by using blockchain distributed ledger technology.

The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.

Prominent Players Analyzed in the Report:

Intel Corporation, NTT DATA Corporation, Amazon Web Services, Inc., Global Arena Holding, Inc., International Business Machine (IBM) Corporations, Digital Asset Holdings, LLC, Accenture PLC, Huawei Technologies Co., Ltd., AlphaPoint, and iXledger.

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Furthermore, the report divides the Blockchain Distributed Ledger market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.

Emergen Research has segmented the global blockchain distributed ledger market on the basis of component, type, enterprise size, application, end-use, and region:

Component Outlook (Revenue, USD Billion; 2018–2028)

Solution

Services

Type Outlook (Revenue, USD Billion; 2018–2028)

Private

Public

Hybrid

Enterprise Size Outlook (Revenue, USD Billion; 2018–2028)

Large Enterprise

Small & Medium Enterprise

Application Outlook (Revenue, USD Billion; 2018–2028)

Payments

Smart Contracts

Supply Chain Management

Compliance Management

Trade Finance

Others

End-use Outlook (Revenue, USD Billion; 2018–2028)

BFSI

Government & Public

Manufacturing

Retail & E-Commerce

Media & Entertainment

Transportation & Logistics

Healthcare

Energy & Utilities

Others

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The study delivers real answers for questions about market segmentation by types, region and application to power the overall market research for the forecast period. Subject matter experts behind the market analysis have collaborated with some of the highly acclaimed business owners to track records and estimate what is happening in areas such as technology innovation, production volume, end-use and product pricing. Research analysts have further remodeled their approach to present a report uniquely positioned to offer unmatched information on prominent manufactures, new entrants, exiting white spaces, acquisitions and mergers, collaborations and product launches.

Overview of the Blockchain Distributed Ledger Market Report:

Introduction, Product Scope, Market Overview, and Opportunities

Analysis of the Manufacturers with sales, revenue, and price analysis

Comprehensive analysis of the competitive landscape

Extensive profiling of the key competitors along with their business strategies and market size

Regional analysis of the market along with sales, revenue, market share, and global position

Country-wise analysis of the market along with types, applications, and manufacturing

Strategic recommendations to established players as well as new entrants

In-depth analysis of the risks, restraints, and limitations in the Blockchain Distributed Ledger industry

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