The Business Research Company’s latest report Blockchain Services Global Market Report 2020 covers Blockchain Services market drivers, Blockchain Services market trends, Blockchain Services market segments, Blockchain Services market growth rate, Blockchain Services market major players, and Blockchain Services market size. The report provides in-depth analysis of the impact of COVID-19 on the Blockchain Services industry, along with revised market numbers due to the effects of the coronavirus.
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Blockchain Services Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global blockchain services market is expected to decline from $1.26 billion in 2019 to $1.06 billion in 2020 at a compound annual growth rate (CAGR) of -15.8%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it, which impacted industries negatively and resulted in low investments on technology. The market is then expected to recover and reach $4.36 billion in 2023 at a CAGR of 60.01%.
The report covers the Blockchain Services market’s segments-
1) By Component: Tools, Services.
2) By End-Use: BFSI, IT & Telecom, Healthcare, Retail, Manufacturing, Logistics, Government, Media & Entertainment, Energy and Utilities, Others.
3) By Application: Payments, Smart Contracts, Supply Chain Management, Governance, Risk, and Compliance Management, Identity Management, Others.
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