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Global Blockchain Technology Market 2017-2021| Advent of Artificial Intelligence to Boost Growth| Technavio

October 26, 2018 GMT

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.

This report is available at a USD 1,000 discount for a limited time only:

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.

Looking for more information on this market?

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:

Executive Report

Market Insights

Market Segmentation Analysis

Vendor Landscape

About Technavio

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.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20181026005216/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 10/26/2018 12:40 PM/DISC: 10/26/2018 12:40 PM

http://www.businesswire.com/news/home/20181026005216/en