Global Blockchain Analysis Software Market Overview:
Blockchain Analysis is used to inspect, identify, cluster, model and visually represent data. Blockchain analysis software is used to examine the information documented on blockchains and distributed ledgers. This software is used as a tool for investigating entities, individuals, and transactions interacting with a blockchain. Users can search for specific events, monitor unusual activity, and represent a blockchain’s data visually.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Adoption of Distributed Ledger Technology (DLT) System
Market Growth Drivers:
Search for Information on a Blockchain or Distributed Ledger, Analysis and Visual Representation of Data from A Blockchain and Protection against Fraud, Misuse, and Noncompliance
Challenges:
Technical Software Issues in Software
Restraints:
Data Privacy Concern
Opportunities:
Developments in the Information Technology Domain, Rising Market Capitalization of Cryptocurrencies and Blockchain Analysis Software Enables Evaluating Risk Associated with a Specific Identity or Entity
Competitive Landscape:
The blockchain analysis software market is fragmented by numerous key players who have bargaining power high in this market. The Intensity of rivalry appears to be high in this market as competitors are numerous and software features are undifferentiated. Major companies in this market are constantly working towards introducing innovative updates and lowering the costs of software in order to enhance profitability.
Some of the key players profiled in the report are Alethio (United States), AnChain.AI, Inc. (United States), Blockpit GmbH (Austria), BlocWatch (United States), Bison Trails Co. (United States), Chainbeat Inc. (United States), Bloxy (United States), TIBCO (United States), CipherTrace, Inc. (United States) and Chainalysis (United States). Additionally, following companies can also be profiled that are part of our coverage like Ocyan Cloud LTD (United Kingdom), Scorechain (Luxembourg), ChromaWay AB (Sweden), Cryptowerk Corp. Inc. (United States), Elliptic (United Kingdom), Sofocle Technologies (India), Crystal Blockchain (The Netherlands), Sixgill LLC(United States), VerifyChain Pty Ltd. (Australia) and Bison Trails (United States). Considering Market by Software Version, the sub-segment i.e. Basic will boost the Blockchain Analysis Software market. Considering Market by Enterprise Size, the sub-segment i.e. Large Enterprises will boost the Blockchain Analysis Software market. Considering Market by End Use Industry, the sub-segment i.e. Financial Services will boost the Blockchain Analysis Software market. Considering Market by Deployment, the sub-segment i.e. Cloud will boost the Blockchain Analysis Software market.
In April 2020, Chainalysis, a Blockchain analysis firm partnered for a program to work with major infrastructure providers around the world. These partners include providers of compliance software, core banking infrastructure, cryptocurrency wallets, and others.
What Can be Explored with the Blockchain Analysis Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Blockchain Analysis Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Blockchain Analysis Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Blockchain Analysis Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Blockchain Analysis Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Blockchain Analysis Software Providers, Cloud Service Providers, Blockchain Service Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.