The Business Research Company’s latest report Blockchain Global Market Report 2020 covers Blockchain market drivers, Blockchain market trends, Blockchain market segments, Blockchain market growth rate, Blockchain market major players, and Blockchain market size. The report provides in-depth analysis of the impact of COVID-19 on the Blockchain industry, along with revised market numbers due to the effects of the coronavirus.
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Blockchain 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 market is expected to decline from $2.45 billion in 2019 to $2.27 billion in 2020 at a compound annual growth rate (CAGR) of -7.27%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities that eventually led to a slowdown in the economy. The market is then expected to recover and grow very rapidly to reach $15.88 billion in 2023 at a CAGR of 91.25%.
The report covers the Blockchain market’s segments-
1) By Type: Private, Public, Hybrid.
2) By Provider: Application, Middleware, Infrastructure.
3) By Application: BFSI, Telecom & IT, Government.
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