Global Blockchain Distributed Ledger Industry Report 2021-2026

Research and Markets

Mon, Nov 29, 2021, 4:53 AM 3 min read

Dublin, Nov. 29, 2021 (GLOBE NEWSWIRE) -- The "Blockchain Distributed Ledger Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global blockchain distributed ledger market exhibited robust growth during 2015-2020. Looking forward, the market is projected to grow at a CAGR of 54% during 2021-2026.

Rapid digitization of the industries across the globe is one of the key factors creating a positive outlook for the market growth. Moreover, increasing demand for advanced technological solutions to minimize fraudulent activities, data theft and financial losses is providing a thrust to the growth of the market.

Due to the onset of coronavirus (COVID-19) pandemic, organizations are increasingly adopting blockchain distributed ledgers to create, store and manage their data online.

Additionally, various technological advancements, such as the integration of connected devices with the Internet of Things (IoT), cloud computing and artificial intelligence (AI) solutions, are acting as other growth-inducing factors. These innovative technologies aid in enhancing data security, preventing identity thefts and data tempering and minimizing unauthorized access to sensitive data of the users.

Other factors, including significant improvements in the information technology (IT) infrastructure, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.

Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global blockchain distributed ledger market, along with forecasts at the global, regional and country level from 2021-2026. The report has categorized the market based on region, component, type, enterprise size, application and end-use industry.

Breakup by Component