Quadintel has published a new report on the European Blockchain Technology Market. The research report contains detailed information about demand, growth, opportunities, challenges and restraints. Also, it provides an in-depth analysis of the structure and possibility of global and regional industries.
Blockchain technology is used to record Bitcoin transactions through a global network of computers. This is an ever-growing list of blocks (record) that are linked and secured using cryptography. Each new block created is connected to the previous block via a cryptographic Hash. Europe holds the second largest share in the Blockchain technology market.
Europe is expected to grow at a CAGR of 35.8% (2018-2023) and generate $4.3 billion in global revenue by 2023.
A European blockchain observatory and forum hub has begun to monitor existing blockchain initiatives, trends, and potential risks. The forum will create greater awareness which should lead to adoption of the technology in this region.
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Europe dominates the global insurance market. Five major European insurance companies – Allianz, Aegon, Munich Re, Swiss Re and Zurich – have adopted the Blockchain initiative to provide faster and more secure services to their customers. European banks are trying to shift trade finance to Blockchain platforms.
The EU5, which includes France, Germany, Italy, Spain, and the UK, dominates the market due to digitalization and early adoption of Blockchain technology.
Main growth factors:
o Retail customers now prefer digital platforms to make purchases/payments. In order to provide ongoing support, retailers are looking to adopt Blockchain technology to secure and streamline processes. This would further accelerate Blockchain adoption by retailers.
o GDPR (General Data Protection Regulation) should promote Blockchain technology to overcome obstacles and facilitate cross-border payments
Threats and key players:
o The decentralized nature of Blockchain technology comes up against European regulations on the protection of personal data. This hinders technology adoption
o Major players in this region are Microsoft, IBM, Accenture, Deloitte and Capgemini
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What is covered in the report?
o Overview ofEuropean Blockchain Technology Market
o Current and forecasted market size data for the European Blockchain Technology Market
o Current and forecasted market size data for market segments by sectors BFS (Banking & Financial Services), Insurance, Supply Chain, Healthcare, Others
o Market Trends in the European Blockchain Technology Market
o Market Drivers and Challenges in Europe Blockchain Technology Market
o Current and forecasted regional market size data (EU5 (France, Germany, Italy, Spain, and UK) for Europe Blockchain technology market and its segments
o Analysis of company profiles of key players operating in the market
o Gain a broad understanding of the European Blockchain Technology market and its segments – by Type and by Industries
o Obtain region-specific drivers and challenges affecting the European Blockchain technology market
o Recognize the activities and market dynamics of significant competitors and respond accordingly
The report further discusses market opportunities, compound annual growth rate (CAGR), competition, technological innovations, analysis of market players, government directives, export and import analysis (EXIM), historical revenues, future forecasts, etc. in the following regions. and/or country:
North America (US & Canada) Market Size, YOY Growth, Market Player Analysis and Opportunity Outlook
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, annual growth and analysis of market players and opportunity outlook
Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands and Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of (Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, YoY Growth Market Player Analysis and Opportunity Outlook
Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, YoY Growth and Market Player Analysis and Outlook opportunities
Middle East & Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East & Africa Market Size, YoY Growth Analysis market players and opportunity outlook
Ask for the complete report description, table of contents, table of figure, graph, etc. @-https://www.quadintel.com/request-sample/europe-blockchain-technology-market/QI042
- Market overview
- Market definition and scope
- Market dynamics
- Market industry analysis
- Market, regional analysis
- Analysis of leading companies
- Competitive intelligence
- Research process
- Market analysis and forecast, by product type
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