Europe Blockchain Technology Market Insights (2018-2024)-6Wresearch

6wresearch

Switzerland and Malta are the Key Contributors in Europe Blockchain Technology Market- 6Wresearch

Europe blockchain market registered a healthy growth during 2016-17 as a result of increased government and private companies spending on developing blockchain technology infrastructure. For instance, the European government has invested more than $93.6 million in projects supporting the use of blockchain technology. Moreover, blockchain eliminates the need for middlemen, which acts as an additional factor to surge the market for blockchain technology in Europe.

According to 6Wresearch, Europe Blockchain Technology Market is expected to grow at a CAGR of 52.4% during 2018-24. Growth would be aided during the forecast period due to increasing awareness regarding utilizing blockchain solutions in various cases and need to reduce duplicity and protection from cyber-attack and malicious attacks.

Download Sample Pages : https://www.6wresearch.com/press-releases/europe-blockchain-technology-market-share-forecasts-size-growth-opportunity-shipments-cagr-players-trends-news-company-profile-insights.html

According to Shefali Goel, Senior Research Analyst, Research and Consulting, 6Wresearch, within technology type, public blockchain technology segment accounted for a major share of market revenues. Growing integration of public blockchain technology solutions in BFSI sector led to growth in demand for public blockchain network in Europe. Other technology type segment includes private or permissioned blockchain and hybrid blockchain network. The market for private blockchain network is expected to spur during the forecast period on account of increased adoption in real estate, healthcare, pharma, transportation, and logistics verticals.

Moreover, the financial application is expected to hold dominant share in Europe blockchain technology market during 2018-24, owing to the high utilization in banking and financial sector as well as government public services sector for clearing and settling payments through blockchain networks.

According to Gurbani Kaur, Research Associate, Research and Consulting, 6Wresearch, “Switzerland and Malta collectively accounted for majority of the market revenues in Europe blockchain technology market and is projected to maintain its dominance during the forecast period due to massive blockchain projects in both the countries as well as establishment of ‘Crypto Valley’, in Switzerland, a region where number of companies are especially developing blockchain technology solutions.

“Further, Germany and Netherland also contributed significantly in Europe blockchain technology market as Germany was home to 30 blockchain start-ups actively operating in the region in 2017. Moreover, the establishment of a research lab named’ TU Delft’ in Netherland boosted the blockchain technology market in the country,” Gurbani concluded.

Some of the key players in Europe Blockchain Technology market include- IBM, R3, Intellect Soft, Microsoft, N-iX, Eleks, Digital Asset Holding, Bitfury, and Lime Chain.

Europe Blockchain Technology Market (2018-2024)” provides an in-depth analysis with 109 figures and 8 tables covered in 151 pages. The report estimates and forecast the overall Europe blockchain technology market by revenues, technology types, applications, end users, and countries such as the United Kingdom, Switzerland, Germany, Malta, Netherland, and Nordic Countries. The report also offer insights on market ranking by companies, company profiles, market drivers, restraints, and recommendations.

For Detailed Description and Purchase Option Visit : https://www.6wresearch.com/market-reports/europe-blockchain-technology-market-2018-2024-forecast-by-technology-types-public-private-permissioned-hybrid-applications-end-users-countries.html

ABOUT US

6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.

For More details, please contact:

Email Us: sales@6wresearch.com

Call Now: +91-11-30-424-305

Website : https://www.6wresearch.com

Advertisements

Author: 6wresearch- Market Intelligence Solutions

6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography. Our Research Process Outsourcing (RPO) division enables our client to reduce their cost by outsourcing their research needs and focusing on their core competency. Our Business Model The prime motto of 6Wresearch is to see the exponential growth of our clients by meeting all the research requirements. 6Wresearch is pioneer in implementing 6W (what, where, when, who, when and how) model across its research cycle. We believe that exhaustive research can only be accomplished if it covers all six dimensions of research: What to invest in: What product and services is to produce to target potential market? Where to invest: Which geography to enter? When to invest: When is the right time to enter to the market? Whom to target: Who is your target consumer and buyers? Why to invest: What growth and opportunity the target market is offering? How to invest: What is the right strategy to enter the target market? Our integrated survey based model enable us to deliver real insights from key industry players which enable our clients to acquaint themselves with key industry trends & developments and devise various strategies for growth. Our Core Beliefs/Values 6Wresearch values its client and believes in maintaining long term relationship with them by providing high quality research solutions. 6Wresearch maintains its core beliefs and values by complementing Commitment towards standards, ethics and integrity, Ensuring client satisfaction, Maintaining full transparency. To find details on our members and associates please go to our directory of members.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s