The blockchain ledger technology is making a huge transformation in the European market as more and more companies are taking over the change. Several European countries have already undertaken blockchain based projects in various sectors. The recent Europe Blockchain Technology Market report is unveiled which explain the market forecast, technology applications, countries, end-users and competitive landscapes in the next six years.
According to News Ibinex, it is informed that the report is prepared by ResearchAndMarkets.com which has expertise in providing market research done by data gathered from consultants, publishers, and analysts. In short, this is nothing less than a complete bible of blockchain adoption.
In addition to this, it is also stated that the blockchain ledger technology will be one of the prominent players in the European market including Intellectsoft, IBM, Bitfury, R3, Microsoft, and Digital Asset holdings.
The report gives a detailed and unbiased analysis of the progressing trends, better prospects, promoting drivers of trade and high-growth areas. The comprehensive study is definitely going to help stakeholders to plan and align policies for future market dynamics. The blockchain technology market in Europe is expected to grow at a projected rate of 52.4 percent compound annual growth rate (CAGR) in the upcoming six years. The markets covered in the report are Public Blockchain, Private and Permissioned Blockchain and Hybrid Blockchain. (Via PR News Wire)
The European Market And Blockchain Technology
The blockchain ledger technology is widely accepted in Europe due to growing government initiatives for improving technology with an increase in the secured database demand. All these factors have resulted in the maintained overall growth throughout Europe. It is further anticipated that there will be a significant rise in the acceptance of this technology in the upcoming years as it offers immutability, transparency, and better security from cyber threats.
Check out the official link of the Europe Blockchain Technology Market report here.
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