What is Blockchain Consulting and Proof-of-Concept Development Services Market?
Proof of concept shows the feasibility and potential of blockchain projects in fields like Insurance, Healthcare, and financial services. A proof of concept can be a prototype or a minimum viable product that is used by the firm for internal purposes. It also shows the ability of products or services to meet business goals. Moreover, the creation of POC involves different stages such as Theoretical build, Prototype, and MVP.
Highlights from Blockchain Consulting and Proof-of-Concept Development Services Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | IBM (United States), Deqode (United States), Ledger Labs (United States), Open Ledger (Denmark), QIWI Blockchain Technologies LLC (Russia), Leeway Hertz (United States), Ionixx (United States), LUXOFT (Switzerland), iPraxa (United States) and Sofocle (India) |
Manufacturers explore strategic partnerships with technology providers, blockchain platforms, and other consulting firms to enhance their service offerings. Collaborate with industry leaders and participate in blockchain consortia or industry associations to access new clients and stay at the forefront of emerging trends and opportunities. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Blockchain Consulting and Proof-of-Concept Development Services market throughout the forecasted period.
IBM (United States), Deqode (United States), Ledger Labs (United States), Open Ledger (Denmark), QIWI Blockchain Technologies LLC (Russia), Leeway Hertz (United States), Ionixx (United States), LUXOFT (Switzerland), iPraxa (United States) and Sofocle (India) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are ITConnectUS (United States), ATG (India) and Developcoins (India). Blockchain Consulting and Proof-of-Concept Development Services Market Segmentation:
Scope | Sub-Segments |
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Type | Consulting and Block chain Solutions |
Organization size | Small and Medium Enterprises,Large Enterprises |
Proof of Concept type | Prototype,Minimum Viable Product |
Areas of POC | Retail and Manufacturing,Medical and health care institutions,Banking and Finance,Identity management,Others |
On the basis of geography, the market of Blockchain Consulting and Proof-of-Concept Development Services 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing adoption of blockchain solutions in enterprises and Adoption of tokenization due to benefits such as lower costs, faster settlement
Market Growth Drivers:
Advantages such as increased cost efficiency and rapid prototyping are fuelling the market
Challenges:
Lack of skilled professionals for the implementation of blockchain technology
Restraints:
Threat of Internet security and price instability
Opportunities:
Technological development in blockchain and proof of concept and Increasing investments in blockchain technology
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organizations
Market Leaders & Development Strategies
On 9th July 2019, IBM acquired Red Hat. This acquisition accelerates the high-value business model and positions the company as a hybrid cloud provider.
On 3rd January 2018, IBM completed the phase 1 proof of concept of shared corporate know-your-customer projects. This blockchain-based IBM shared KYC provides, a secure, decentralized, and efficient mechanism.