The Blockchain technology is mainly designed to enable the maintenance of a permission less distributed databases which consists of a growing list of data records that preserves the integrity, singularity and validity of the stored information, without involving any trusted third party for verification purposes. It has potential to protect the identities of the user that make Blockchain a more secure way to carry out transaction. With the modernization in every sector especially by digitalization of currency; Blockchain technology has penetrated deeply into all the industries verticals. The various industry verticals that use Blockchain technology include banking financial services and insurance (BFSI), information and communication, healthcare, logistics, supply chain and transportation, e-commerce and retail and others. Bitcoin-based payroll service can save both money and time while, transferring money internationally. The technology would provide digitally permanent, audit-able records that show stakeholders the state of the product at each value-added step. The Blockchain technology is therefore expected to acquire exponential growth. However, Lack of awareness about the blockchain technology is the major restraint in the overall growth of the market
This report contains market size and forecasts of Blockchain in Small and Medium Business in Global, including the following market information:
Global Blockchain in Small and Medium Business Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Blockchain in Small and Medium Business market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Public Blockchain Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Blockchain in Small and Medium Business include Microsoft, IBM, Ripple, BTL, Deloitte, ABB, Oracle, SAP and AWS, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Blockchain in Small and Medium Business companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Blockchain in Small and Medium Business Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Blockchain in Small and Medium Business Market Segment Percentages, by Type, 2021 (%)
Public Blockchain
Private Blockchain
Others
Global Blockchain in Small and Medium Business Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Blockchain in Small and Medium Business Market Segment Percentages, by Application, 2021 (%)
Retail
Healthcare
Transportation
Others
Global Blockchain in Small and Medium Business Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Blockchain in Small and Medium Business Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Blockchain in Small and Medium Business revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Blockchain in Small and Medium Business revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Microsoft
IBM
Ripple
BTL
Deloitte
ABB
Oracle
SAP
AWS
Abra
Alphaphoint
Bitfury
Digitalx
Coinbase
Intelygenz
Earthport
Global Arena Holding