Global Blockchain Market is valued at USD 4.62 Billion in 2021 and is expected to reach USD 173.68 Billion by 2028 with a CAGR of 67.9% over the forecast period.
Blockchain is a distributed, immutable database that makes it easier to record transactions and manage assets in a business network. Blockchains are well known for their critical function in keeping a secure and decentralized record of transactions in cryptocurrency systems like Bitcoin. Blockchain is a remarkably promising and revolutionary technology because it reduces risk, eliminates fraud, and provides scalable transparency for a wide range of applications. It is considered as a distributed ledger technology since first discussed by Stuart Haber and W. Scott Stornetta in 1991.
Covid-19 has been a fantastic accelerator for blockchain technology. The abrupt outbreak of the Covid-19 pandemic in 2020 has generated a drastic effect on sports production by enforcing strict lockdowns and strict regulations to provide protocols. Due to the pandemic, the reliance on online businesses has improved appreciably. The future of sports is in the hands of cryptocurrencies with its blockchain technology retaining the global market. The sports trade has realized the potential of cryptocurrencies to endure in the tech-driven era post-pandemic. Vendors have experienced an improved demand for a Blockchain Market. Blockchain technology has also benefitted the BFSI, healthcare and life sciences, manufacturing, retail, transport, and logistics.
Growing adoption of blockchain across many sectors and supportive government initiatives are some of the major factors driving the growth of the Global Blockchain Market.
Headquarters: Huawei Base, Bantian, Longgang District, Shenzhen, Guangdong, China
Revenue: US$ 100 Billion
Huawei is a Chinese multinational technology company that leading global provider of information and communications technology (ICT) infrastructure and smart devices. Founded in 1987. Company Deals With the design, home appliances, and various smart devices, development, and sell communication equipment. Huawei was ranked the second largest R & D investor in the world by the EU Joint Research Center (JRC) on the 2021 EU Industrial R & D Investment Scoreboard.
Headquarters: 2200 Mission College Blvd., Santa Clara, California, 95054, United States
Revenue: US$79 Billion
Intel Corporation, commonly known as Intel, is a US multinational technology company. Founded in 1968. It is the world's largest manufacturer of semiconductor chips with revenue and developers for the x86 series microprocessors, which are the processors found in most personal computers (PCs). Intel also manufactures motherboard chipsets, network interface controllers and integrated circuits, flash memory, graphics chips, embedded processors, and other communications and computing-related devices.
Headquarters: 1 New Orchard Road, Armonk, New York, 10504, United States
Revenue: US$57 Billion
International Business Machines Corporation (IBM) is an American multinational technology Company. Which Was Founded in 1911. IBM manufactures and sells computer hardware, middleware, and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology. IBM is also a leading research organization that holds records of US patents created by companies for most years.
Headquarters: 1 Grand Canal Square, Grand Canal Harbour, Dublin, Leinster, Ireland
Revenue: US$50 Billion
Accenture plc is an Irish-American professional service company. Founded in 1989. Specializes in information technology (IT) services and consulting. Fortune Global 500 company.
Headquarters: 410 Terry Ave N, Seattle, Washington, 98109, United States
Revenue: US$45 Billion
Amazon Web Services, Inc. (AWS) is a subsidiary of Amazon that provides on-demand, pay-as-you-go cloud computing platforms and APIs for individuals, businesses, and governments. Established in 2002.
Headquarters: 2300 Oracle Way, Austin, Texas, 78741, United States.
Revenue: US$41 Billion
Oracle Corporation is a US multinational computer technology Organization. Founded in 1977. The company sells database software and technology (especially its own brand), cloud-based systems, and business software products such as enterprise resource planning (ERP) software, human capital management (HCM) software, and customer relationship management (CRM). I am. software. Software (also known as customer experience), enterprise performance management (EPM) software, and supply chain management (SCM) software
Headquarters: Dietmar-Hopp-Allee 16, Walldorf, Baden-Wuerttemberg, 69190, Germany.
Revenue: $31 Billion
SAP SE is a German multinational software group. It was founded in 1972. We develop enterprise software to manage business processes and customer relationships. We also sell database software and technology, cloud-based systems, and other ERP software products such as Human Capital Management (HCM) software and Customer Relationship Management (CRM) software, Enterprise Performance Management (EPM) software, Product Lifecycle Management (PLM) software, Supplier Relationship Management (SRM) software, Supply Chain Management (SCM) software.
Headquarters: Plot Number 44, Hosur Road, Konappana Agrahara, Electronic City, Wipro Limited, Karnataka, 56010.
Revenue: US$15 Billion
Infosys Limited is an Indian multinational information technology Company. Which was Established in 1981. Company handles management consulting, information technology, and outsourcing services. Infosys is India's second-largest IT company
Headquarters: Doddakannelli, Sarjapur Road, Carmelram, Karnataka, 560035, India
Revenue: $10 Billion
Wipro Limited (formerly Western India Palm Refined Oils Limited) is an Indian multinational company that provides information technology, consulting, and business process services. Founded in 1945. Wipro's capabilities range from cloud computing, cybersecurity, Blockchain, digital transformation, artificial intelligence, robotics, data analytics, and other technology consulting services to clients in 67 countries.
Headquarters: Universiteitslaan 9, Hasselt, Flanders, 3500, Belgium
Revenue: $552 Million
Cegeka is a family-owned European IT company. Established in 1992. Organizations create frictionless, highly personalized experiences for their customers, consumers, and citizens.