Blockchain Market Size, Top Key Players, Latest Trends, Regional Insights and Global Industry Dynamics By 2032

 

The blockchain market is expected to advance at a CAGR of 34.1% throughout the forecast period, from US$ 8.3 Bn in 2022 to US$ 155 Bn in 2032. As per the global blockchain market study, the demand for cryptographic ledger solutions to increase due to increased identity and data theft activities. To protect end-user financial data and identity, BFSI firms are turning to digital ledger technologies.

Cross-border transactions, processing and settlements, trade finance networks, digital identity verification, and credit reporting are among the technology applications gaining traction in the BFSI market.

This is projected to help the blockchain market expand. The blockchain market growth will be hampered by a scarcity of skilled professionals. Threats and cyberattacks have escalated as industries have embraced digital change. Organizations, on the other hand, face a scarcity of competent experts to deal with risk issues.

As a result, technologically advanced solutions are being adopted slowly, which is expected to have an impact on blockchain market growth in the coming years. Furthermore, developing countries such as India, Peru, and Mexico, among others, face a lack of awareness regarding data security risks.

Click For More Info: https://www.futuremarketinsights.com/reports/blockchain-market

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