NEW YORK, Nov. 11, 2021 /PRNewswire/ — According to the research report “Blockchain Technology Market – Forecast and Analysis Report 2021-2025“, the market is expected to have a YOY growth rate of 19.00% in 2021 and is supposed to grow at a CAGR of over 32% between 2020 and 2025.
Attractive Opportunities in Blockchain Technology Market by End-user and Geography – Forecast and Analysis 2021-2025
North America is the largest market for blockchain technology. The increasing adoption of blockchain technology by governments for voting and to enforce stricter regulations on the purchase and possession of weapons such as guns is creating significant growth opportunities for blockchain technology providers in North America.
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The global blockchain technology market is fragmented with the presence of several global and regional players. Accenture Plc, Amazon.com Inc., Huawei Investment & Holding Co. Ltd., Infosys Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, and Tata Consultancy Services Ltd. are some of the dominant vendors featured in the report.
Some of the leading players in the market are acquiring startups and partnering with FinTech companies and IT firms to develop blockchain solutions.
For instance, in April 2020, Accenture Plc completed its acquisition of Symantec Cyber Security Services from Broadcom Inc. Again, in May 2020, the company acquired Callisto Integration, a Canada-based provider of consulting and technology services.
Find additional highlights on the growth strategies adopted by vendors and their product offerings. Read Sample Market Research Report.
Geographical Market Analysis
North America will provide maximum growth opportunities in the blockchain technology market during the forecast period. According to our research report, the region currently holds 43% of the global market share and is expected to dominate the market through 2025.
The report also offers a detailed analysis of the growth of the market across Europe, APAC, South America</…….