Research and Markets - Global Blockchain Technology Market to Grow at a CAGR of 55.59%, with Accenture, IBM & Microsoft Leading the Way

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Mar 22, 2017, 10:30 ET

DUBLIN, Mar 22, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Blockchain Technology Market 2017-2021" report to their offering.

The global blockchain technology (BT) market to grow at a CAGR of 55.59% during the period 2017-2021.

The report, Global Blockchain Technology (BT) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

One trend in the market is the advent of artificial intelligence (AI). BT powered by AI is the most advanced IT development taking place in the blockchain and cryptocurrency market. AI provides several features to manage decentralized monetary systems. AI algorithms can be used to predict the value of bitcoins, which can help bitcoin traders to manage bitcoin transactions. In 2014, a researcher from Massachusetts Institute of Technology (MIT), US, developed a methodology to detect the price trend of cryptocurrency. The methodology uses machine learning algorithm to analyze the pricing trend of cryptocurrency to perform online trading of the currency to obtain maximum benefits. IBM has created its new business unit known as industry platforms to focus on the development of advanced BT. The R&D division of IBM is working to integrate AI technology and BT to help its blockchain clients manage distributed ledgers efficiently.

According to the report, one driver in the market is the increase in FinTech spending. FinTech is a service provided by companies and is based on software. Over the years, the purview of FinTech has extended to include new and innovative front-end consumer products. Many FinTech startup companies provide solutions, which are operable through smartphones or tablets, directly to the customers through licensing or by means of white label services.

Key vendors:

Accenture
IBM
Microsoft

Other prominent vendors

Axoni
Abra
BTL Group
BlockCypher
BitFury Group
Chain
ConsenSys
Others

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by end-user

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Key vendor profile

PART 15: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/wbjf3m/global_blockchain

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SOURCE Research and Markets