The ‘Global Distributed Ledger Technology Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2028’ report from Coherent Market Insights provides an in-depth analysis of the global Distributed Ledger Technology Market, evaluating the market based on historical and forecast market data, demand, application details, price trends, and company shares of the leading industries by geography. The report includes market segmentation, regional information, CAGR, sales volume, and current and upcoming trends. The purpose of this report is to provide an in-depth examination of the market’s dynamics, size, growth, and cost structure. The impact of each sub-development market on the larger Distributed Ledger Technology business is also assessed.
Furthermore, the research provides a thorough understanding of the market segments generated by combining various prospects such as types, applications, and geographies. The study also goes over the key driving factors, constraints, potential growth opportunities, and market challenges.
Overview of the Market:
A distributed ledger is a technique that records asset transactions digitally, making them easier to track and update. There are numerous benefits to using this technology. For starters, it requires less time than the traditional method of maintaining a physical asset inventory. This architecture is also adaptable in the sense that network components can be added or removed without affecting the others.
Top Key Players in Distributed Ledger Technology Market:
∎ IBM Corporation
∎ Microsoft Corporation
∎ Amazon.com Inc.
∎ SAP SE
∎ Intel Corporation
∎ Samsung Group
∎ NVIDIA Corporation
∎ Xilinx Inc.
∎ AMD Inc.
∎ Siemens AG
∎ Accenture Plc
∎ Infosys Ltd.
Key Market Drivers:
Growing interest in distributed ledger technology is expected to drive growth in the global distributed ledger technology market over the forecast period. For example, India’s market regulator, SEBI, urged depositories in August 2021 to use distributed ledger or blockchain technology to record and monitor security creation as well as covenants of non-convertible securities.
Furthermore, increased distributed ledger adoption is expected to drive growth in the global distributed ledger technology market over the forecast period. Broadridge Financial Solutions, Inc., a multinational Fintech firm, for example, announced in August 2021 that UBS, an investment banking firm, has formally joined its distributed ledger repo platform.