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May 26, 2021 (AmericaNewsHour) —
In a recent published report, Kenneth Research has updated the market report for United States Blockchain Technology Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for United States Blockchain Technology Market products.
Download Sample of This Strategic Report:https://www.kennethresearch.com/sample-request-10009545
The United States Blockchain Technology Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.
United States Blockchain Technology Market
It is a continuously growing list of blocks (records) that are linked and secured using cryptography. Each new block created is connected to the previous block via a aEURoecryptographic HashaEUR. The U.S. is expected to hold more than half of the North America Blockchain technology market. The U.S. Blockchain technology market is expected to register double-digit growth during the forecasted period (2017-2023).
Blockchain technology is used to record Bitcoin transactions via a global network of computers. The United States is expected to hold 40% of worldwide investment in Blockchain technology. Based on industries, banking and financial Services sector led the U.S. Blockchain technology market in 2017. The U.S. And will continue to finance Blockchain technology, and will spend heavily on financial assistance, and manufacturing sectors.
Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10009545
The country is looking forward to increasing the application of Blockchain technology across various domains, to improve the efficiency of the existing operation and also creating new action. This factor is expected to created new streams of revenue. The government is trying to utilize the advantages of Blockchain technology. The United States Postal service (USPS) is planning to backup data using Blockchain technology. Other U.S. organizations like the Food and Drug Administration, and the U.S. Department of Defense Transportation have shown interest in Blockchain technology.
In a move to further accelerate the adoption of Blockchain, the state of Delaware has passed amendments for equity markets, allowing companies to issue and trade shares via a Blockchain-based platform.
Key growth factors
- Several States of United States are advancing towards legalization of Bitcoins. Various crypto-friendly bills have been introduced with the approval of state legislatures. This factor is expected to drive the Blockchain market in the United States
- Private investment funding in the United States plays a major role in the evolution of Blockchain technology in the banking and financial sector
Threats and key players
- The key factor that is restraining the market growth is the lack of technical skill
- The legacy system in the United States hinders the entry of fund needed to finance Blockchain innovation and utilization of the technology
What’s covered in the report?
- Overview of the United States Blockchain Technology Market
- The current and forecasted market size data for the United States Blockchain Technology Market
- The current and forecasted market size data for the segments of the market, by industries- BFS (Banking and Financial services), Insurance, Supply Chain, Healthcare, others
- Market trends in the United States Blockchain Technology Market
- Market drivers and challenges in United States Blockchain technology market
- Analysis of company profiles of the major players operating in the market
Why buy?
- Get a broad understanding of the United States Blockchain technology market and its segments- by industries
- Get region-specific drivers and challenges affecting the United States Blockchain Technology Market?
- Recognize significant competitors’ business and market dynamics, and respond accordingly
Get Complete Access of Study Report: https://www.kennethresearch.com/sample-request-10009545
About Kenneth Research:
Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
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Email: Sales@kennethresearch.com
Phone: +1 313 462 0609
The post United States Blockchain Technology Market 2021|Global Industry Size, Statistics, Share, Growth Rate, Emerging Trends, Regional Analysis by Key Players | Research Report Forecast to 2030 appeared first on America News Hour.
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