About Blockchain Platforms Software
Blockchain platforms software is a decentralized solution to tracking, documenting, and facilitating transactions. These tools create a public ledger relying on globally distributed historical transactions to prevent tampering and fraud. Each interaction is documented in a database that relies on each previous, time-stamped transaction to verify and execute an exchange. Blockchain technology was first utilized for financial transactions but can be applied to a variety of industries such as e-commerce, supply chain management, and data integration. The increasing adoption of blockchain technology is propelling the growth of the global blockchain platforms software market in the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM (United States), AWS (United States), Microsoft (United States), SAP (Germany), Intel (United States), Oracle (United States), Bitfury (Netherlands), Cegeka (Netherlands), Earthport (United Kingdom), Guardtime (United States), Digital Asset Holdings (United States), Chain (United States), Huawei (China), BlockCypher (United States), Symbiont (United States), BigchainDB (Germany), Applied Blockchain (United Kingdom), RecordsKeeper (Gibraltar), BlockPoint (United States), Auxesis Group (India), BTL Group (Canada), Blockchain Foundry (United Kingdom) and AlphaPoint (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are NTT Data (Japan), Factom (United States), SpinSys (United States), ConsenSys (United States), Infosys (India), iXLedger (United Kingdom) and Stratis (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Blockchain Platforms Software market by Type (Private, Public and Hybrid) and Region.
On the basis of geography, the market of Blockchain Platforms Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organization Size, the sub-segment i.e. Small and Medium-Sized Enterprises will boost the Blockchain Platforms Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Transportation and Logistics will boost the Blockchain Platforms Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing Type, the sub-segment i.e. Monthly Subscription will boost the Blockchain Platforms Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Adoption of Blockchain Solutions for Payments, Smart Contracts, and Digital Identities
Market Growth Drivers:
Raising Venture Capital Funding and Investments in Blockchain Technology, Increasing Popularity of Blockchain Technology in Retail and Supply Chain Management and Simplification of Processes along with Transparency and Immutability
Challenges:
Security, Privacy, and Control of Blockchain Transactions
Restraints:
Limited Availability of Technical Skillsets to Implement the Blockchain Technology
Opportunities:
Extensive use of Blockchain Solutions in IoT, Banking, and Cybersecurity and Increasing Demand for Real-time Data Analysis, Enhanced Visibility, and Proactive Maintenance
Market Leaders and their expansionary development strategies
In February 2020, Microsoft integrated Lition blockchain into Azure so that Microsoft Azure’s worldwide enterprise clients can develop, test, and deploy Lition side chains and applications with ease on its platform. and In October 2019, IBM launched a new Sterling Supply Chain Suite that allows distributors, manufacturers, and retailers to integrate their own data and networks along with suppliers into a Hyperledger-based blockchain to track and trace products and parts.
In January 2020, IBM and Digital Asset Holdings (DAH) upgraded the Hyperledger Fabric. Developers can write smart contracts written in widely adopted programming languages, such as Go, Java, and Javascript that support Ethereum’s Solidity smart contracts language.
Key Target Audience
Blockchain Platforms Software Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.