The blockchain technology in USA is one of the most auspicious upcoming technological trends in the information technology province. It empowers a ledger that can be retrieved by parties elaborate in the transaction and can act as the widespread irrefutable depository of all transactions amongst the convoluted parties.
The abundant benefits included in emerging such a platform have already concerned the attention and hence, investments, from the financial segment as well as many technological monsters. Not only does the technology hold the capability to disrupt the way the financial segment often works but will also have complications on several other industries involving consumer goods, and media & telecom, amongst others.
During 2020P, emerging tech implementation will pursue the upward trend with technologies such as AI, blockchain & machine learning harvesting up the pace. Blockchain is invented to have the principal impact as data collection & its sanctity becomes of the utmost prominence. It is predictable that spend on blockchain around the world will augment 3.5X in the next 3 years at a CAGR of ~50%. During the recent trend, blockchain has~ 2,500 unproved products with the USA amounting to ~700 of those. Furthermore, the blockchain market size is anticipated to grow at ~30% in the forthcoming 4 years.
Although, an extensive range of players in the finance market is looking out for investment occasions and several have made the first segment of investments to improve products and services across the industry. Though the market may be pugnacious with the regulatory reservations and security concerns, the forthcoming years are projected to witness a greater role of the concerned technology in financial transactions, spanning miscellaneous domains and industries.
Apart from the financial segment, blockchain technology controls enormous opportunities around multiple application locations. Healthcare and public-sector applications are projected to observe enormous growth during the years to come. This is owing to the fact that the consequence of the technical knowledge was constrained only to the BFSI sector earlier. The actual model of blockchain is now being employed in several core applications.
The blockchain technology inclines to immensely assistance financial transactions that take place in businesses across the world by delivering anonymity, openness, and proficiency by leveraging the competencies of the internet era. The financial segment stands to advantage the most from the technology and has been a practice partner and investor in the improvement from its preliminary stages. In addition, the aptitude of blockchain technology to deliver transparency, diminish the operating cost, and develop the effectiveness of payment systems is instrumental in propelling the requirement for the payments segment. The effective augment in the adoption of these technologies into payment developments by organizations to speed up the corporate transaction processes is further projected to propel the growth of the payment sector.
Furthermore, the USA region registered the blockchain technology market during recent past years. The increasing adoption of the blockchain technology amongst the verticals including BFSI, government, retail, amongst others for the employment of the payment and wallet solution, digital distinctiveness detection, and smart contracts projected to propel the market growth in the region.
Key Segments Covered (Use Case Analysis): –
Public Sector
Permits & Licenses
User Identification
Vital Documents
Legal Records
Private Sector
BFSI
Education
Healthcare
Business Services
Manufacturing & Retail
Entertainment & Hospitality
Telecom
Energy
Key Target Audience
Hardware Technology Manufacturers
Software Technology Manufacturers
Cloud Storage Providing Enterprises
Public Institutions (Engaged in Issuance of Records)
Online Education Providers (Ed-Tech Companies)
IT Enterprises
BFSI Enterprises
Healthcare Enterprises
Universities & Schools
Hospitality & Entertainment Enterprises
Blockchain Industry Associations
Legal Service Providers
Manufacturing Enterprises
International Retail & maritime Shipment Providers
Blockchain Technology Software’s Providers
Engineering Service Providers
Time Period Captured in the Report:
Historical Period: FY’2014-FY’2020
Forecast Period: FY’2020-FY’2025
Companies Mentioned:
Blockchain-Enabled Record/Certificates Issuing Companies
Smart Certificate
CloudCerts
Blockeducate
Block.Co
Certy
Certify
Others include Blockcerts, Verisas & more
Key Topics Covered in the Report:
Analysis of Enterprise IT Infrastructure in the USA
IT Expenditure – Macro Overview
IT Expenditure Breakdown
Major Focus in IT Infrastructure Expenditure
New Technology Trends which are expected to have the Biggest Impact
Blockchain Technology Growth & Current Infrastructure
Lifecycle of Blockchain
Current Adoption of Blockchain Infrastructure
End-User Perspective towards Blockchain
End-User Analysis of Blockchain-Enabled Record issuing platform
Public Sector Analysis & Use Cases
Private Sector Analysis & Use Cases
Competition analysis of current Blockchain-Enabled Record issuing platform covering Overview, API Analysis, Pricing Analysis, Platform Analysis
Perception-based Survey analysis of USA based enterprises
Awareness of Blockchain & Security Needs
Security a Priority for Entities Utilizing Digital Solutions
Influencing Factors for Decision Makers
Gap Analysis in Current Secured Digital Solutions
Analysis of Current Digital Platform Usage
Major Benefits Availed from Adoption of Secured Digital Solutions
Analysis of Entities Utilizing Physical & Unsecured Methods
Analysis of Problems associated with Physical & Unsecured Issuance
Adoption of a blockchain-enabled record issuing platform
Mass Adoption of blockchain-enabled record issuing platform Dependent on Customized Features
Subscription Model Analysis
Availability of Customized Solutions
Product Strategies & Overview
Feasibility Study of a blockchain-enabled record issuing platform
Exhaustive Industry basis Use Case Analysis
Analysis of Product Features & Offerings
Product Promotion & Assessment of Target Audience
Pricing & Subscription Analysis
For More Information on the research report, refer to the below link: –
USA Blockchain-Enabled Record Issuing Platform Market
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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
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