Market Analysis
published on Apr 27, 2021
Report Overview:
NelsonHall's market analysis of the Blockchain Services consists of 57 pages.
Who is this Report for:
NelsonHall’s “Blockchain Services 2021” report is a comprehensive market assessment report designed for:
- Sourcing managers investigating sourcing deployments within blockchain and identifying vendor suitability for RFPs
- Operation transformation center of excellence personnel and process decision makers evaluating vendor capabilities for adopting blockchain into operational processes
- Vendor marketing, sales, and business managers developing strategies to identify developments and target opportunities within managed service programs
- Financial analysts and investors covering the blockchain industry and suppliers.
Scope of this Report:
The report analyzes the worldwide market for blockchain services and addresses the following questions:
- What is the market size and projected growth for the global blockchain services market by geography?
- What is the profile of activity in the global blockchain services market by industry sector?
- What are the top drivers for adoption of blockchain services?
- What are the benefits currently achieved by users of blockchain services?
- What factors are inhibiting user adoption of blockchain services?
- Who are the leading blockchain services vendors globally and by geography?
- What combination of services is typically provided within blockchain services contracts and what new services are being added?
- What is the current pattern of delivery location used for resiliency services and how is this changing?
- What are the challenges and success factors within blockchain services?
Key Findings & Highlights:
The current blockchain services market remains focused trusted data exchange for transparency and supporting new business models through individual networks but with implementations more commonplace, interoperability between networks to enable ‘network of networks’ will be a top business requirement.
Blockchain services adoption is being driven by the need for single-source trusted data exchange between ecosystem participants for transparency, auditability, and resilience, and to serve as the foundation for next-gen emerging technologies. Roadblocks to blockchain adoption centers on its nascent state with unclear ROI in many use cases, technological immaturity of solutions and DevOps tools, and shortage of skilled resources.
Revenue from blockchain services will reach ~4.2bn by 2025. The blockchain implementation and management market is led by the North American and Europe regions. However, Asia Pacific will have the strongest growth over the next five years. BFSI, telecom & media, and public & government sectors will see the fastest growth in blockchain services.
Blockchain implementation and managed services vendors are of three mindsets in their approach: fundaments, technical accelerators, and COTS.
Key success factors for blockchain services vendors focus on demonstrating proven experience to realize new business models using mature business frameworks and DevOps tools for rapid deployment of innovative solutions.