Market Overview

Enterprise Blockchain Revenue to Surpass $20 Billion by 2025, According to Tractica

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The Finance, Manufacturing, Government, Healthcare, and Insurance
Sectors Will Lead in Enterprise Adoption of Distributed Ledger
Technologies

In the past year, blockchain has become a controversial global
phenomenon, with the technology perceived as either a solution for
whatever ails society or "rat poison squared" as Warren Buffet describes
cryptocurrencies. In 2018, enterprise blockchains are carrying
commercial traffic and are moving beyond proof-of-concept
demonstrations, with implementations driven primarily by cost reduction
opportunities, followed by new business models that are enabled by the
technology. These benefits come from replacing intermediate trust agents
and implementing business rules called "smart contracts" to automate and
authenticate transactions.

According to a new report from Tractica,
this combination of automation and cryptography produces a variety of
enterprise use cases that are attractive to a wide range of industries.
The market intelligence firm forecasts that increasing adoption of
enterprise blockchain will drive the global market size from $4.6
billion in 2018 to $20.3 billion by 2025.

Tractica's analysis indicates that the top 5 industry sectors for
blockchain adoption will be:

1. Finance
2. Manufacturing
3. Government
4. Healthcare
5.
Insurance

The top 10 enterprise use cases for enterprise blockchain are forecast
to be:

1. Trade Finance
2. International Currency Transfer
3.
Syndicated Loans
4. Post-Trade: Clearing & Settlement
5.
Automated Compliance
6. M2M IoT Asset Management
7. Payments
8.
Crowdfunding + VC
9. Supply Chain Management
10. Patient
Records Management

"Markets and applications ripe for blockchain are those where trust
among participants is low and the need for records security and
integrity is high," says principal analyst Joe Hoffman. "New market
opportunities can be created with blockchains without ever having a
trusted authority other than the enterprise blockchain network, a key
factor that will accelerate adoption in the years to come."

Tractica's report, "Blockchain
for Enterprise Applications"
, examines market trends, technology
issues, key use cases, and industry players analyzing the evolution of
enterprise blockchain from one-off projects to a general-purpose
technology. The study includes granular market sizing and revenue
forecasts for 29 use cases spanning 19 industries, segmented by
implementation category and world region through 2025. The report also
includes in-depth profiles of 39 key industry innovators. An Executive
Summary of the report is available for free download on the firm's website.

About Tractica

Tractica is a market intelligence firm that focuses on human interaction
with technology. Tractica's global market research and consulting
services combine qualitative and quantitative research methodologies to
provide a comprehensive view of the emerging market opportunities
surrounding Artificial Intelligence, Robotics, User Interface
Technologies, Wearable Devices, and Digital Health. For more
information, visit www.tractica.com
or call +1.303.248.3000.

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