Latin America Blockchain Technology Market Segmentation 2022, Future Business Strategy, Key Players Analysis and Forecast by 2030 – Muleskinner
Quadintel has published a new report on the Latin America 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 a 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.
Latin America blockchain technology market is expected to grow at a CAGR of 30.3% (2018-2023) and generate a global revenue of USD 0.51 billion by 2023.
Countries in this region have found Bitcoin to be the best solution to solve political instability, and the fall in oil prices and other initiatives will allow companies to acquire Blockchain solutions in the near future.
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Latin American banks are trying to find an alternative banking system to move away from the traditional system. About 51% of the population in Latin America and the Caribbean have bank accounts, which prompted fintech start-ups to come up with the idea of providing alternative financial services to the masses. Startups like Ripio and BITSO are moving towards providing better customer services using blockchain technology.
Based on countries, Latin America is divided into Argentina, Brazil, and the rest of LATAM. Argentina and Brazil are expected to hold 50% market share.
Main growth factors:
o Latin America has found Bitcoin to be useful in attracting business and increasing the number of existing businesses. The technology will help e-commerce businesses like eBay and Amazon that have already started business in the region to grow further.
o Latin America faces the problem of food security. Players in this region have started using Blockchain technology to solve this problem. IBM has partnered with Walmart to use blockchain technology in the supply chain to ensure the food safety of Mexican pork and mangoes
Threats and key players:
o Although the funding of Blockchain, Latin American start-ups show an upward trend, there remains a problem in understanding the technology. Bankers’ lack of technology awareness is a serious problem.
o Major players are BITSO, Microsoft Corporation, Ripio, Bitinka and RSk Labs.
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What is covered in the report?
o Overview of Latin America technology market
o Current and forecasted market size data for the Latin America 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 blockchain technology market in Latin America
o Market Drivers and Challenges in Latin America Blockchain Technology Market
o Current and forecast regional market size data (Argentina, Brazil and Rest of LATAM) for Latin America 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 Latin America Blockchain technology market and its segments – by Type and by Industries
o Obtain region-specific drivers and challenges affecting the Latin America 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/latin-america-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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