Market Overview

Europe Blockchain Technology Market (2018-2023) - Market is Set to Reach $4.3 Billion by 2023, Growing at a CAGR of 35.8% - ResearchAndMarkets.com

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The "Europe
Blockchain Technology Market (2018-2023)"
report has been added
to ResearchAndMarkets.com's offering.

Europe holds the second most significant share in the Blockchain
technology market. Europe is expected to grow at a CAGR of 35.8%
(2018-2023) and generate a global revenue of USD 4.3 billion by 2023.

A European Blockchain observatory and forum hub has begun monitoring
existing Blockchain initiatives, trends and potential risk. The forum
will create more awareness that should drive the adoption of the
technology in this region.

Europe dominates the global insurance market. Five major European
insurance companies - Allianz, Aegon, Munich Re, Swiss Re and Zurich -
have taken up the Blockchain initiative to provide faster and secured
services to its clients. European banking is attempting to shift trade
finance to Blockchain platforms.

EU5, which includes France, Germany, Italy, Spain, and the United
Kingdom, dominates the market because of digitalization and early
adoption of Blockchain technology.

Key Growth Factors

  • Retail customers are now preferring digital platforms for making
    purchase/payments. In order to provide continuous support, retailers
    are looking to adopt Blockchain technology for securing and
    streamlining processes. This would further accelerate the adoption of
    Blockchain by retailers.
  • GDPR (General Data Protection Regulation) is expected to promote
    Blockchain technology to overcome barriers and ease cross-border
    payment.

Threats and Key Players

  • The decentralized characteristic of Blockchain technology clashes with
    European regulations on personal data protection. This hinders the
    adoption of the technology.
  • The key players in this region are Microsoft, IBM, Accenture,
    Deloitte, and Capgemini.

Companies Featured

Major Companies

  • Microsoft Corporation
  • IBM
  • Accenture
  • Deloitte
  • Capgemini
  • Cognizant
  • Infosys
  • Tata Communication Services
  • Virtusa Polaris
  • Wipro

Start-up Companies

  • bitFlyer
  • Coins.ph
  • SETL
  • Guardtime

Key Topics Covered

Chapter 1: Executive Summary

Chapter 2: Introduction

Chapter 3: Europe Blockchain Technology Market Overview

Chapter 4: Europe Blockchain Technology Market by Country

Chapter 5: Europe Blockchain Technology Market by Industries

Chapter 6: Company Profiles

Chapter 7: Start-up Company Overview

Chapter 8: Conclusion

For more information about this report visit https://www.researchandmarkets.com/research/qgf7vz/europe_blockchain?w=4

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