Global Blockchain Technology Market 2017-2021| Advent of Artificial Intelligence to Boost Growth| Technavio
LONDON--(BUSINESS WIRE)--Oct 26, 2018--According to the latest market research report released by Technavio, the global blockchain technology market is expected to accelerate at a CAGR of close to 56% during the forecast period. Increase in FinTech spending is one of the key factors triggering the growth of the market.
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Technavio has published a new market research report on the global blockchain technology market 2017-2021. (Graphic: Business Wire)
This research report titled ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
The market research analysis categorizes the global blockchain technology market into the following end-user:
In 2016, the BFSI segment accounted for 35% of the global market and is projected to reach 38% by 2021, exhibiting almost 3% increase in market share.
Global blockchain technology market: Top emerging trend
Advent of artificial intelligence (AI) is an emerging trend in the ICT space. BT powered by AI is the most advanced IT development taking place in the blockchain and cryptocurrency market. AI provides several features to manage decentralized monetary systems. AI algorithms can be used to predict the value of bitcoins, which can help bitcoin traders manage bitcoin transactions. Moreover, FinTech companies are analyzing the implementation of AI in financial transactions. A growing number of financial businesses are trying to investigate the different implications of machine learning and AI for their businesses. Robotics is also playing a role of consultants and is automating the processes of FinTech solutions by avoiding disruptions. These robots help in reducing the financial transactions, thereby bringing in great transparency, so companies can know the real profitability that is achieved on a day-to-day basis. This will help the customers with easy access to comparative information and will allow investors to be better informed before making decisions about their financial plans.
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio’s report provides expert market research on the following topics:
Market Segmentation Analysis
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE: Technavio Research
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PUB: 10/26/2018 12:40 PM/DISC: 10/26/2018 12:40 PM