Quantum cryptography is a technique to ensure confidentiality of communicating information. It is a blend of quantum mechanics, which allows to perform various cryptography tasks those are not possible by non-quantum communication.

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The key factor responsible for the growth of quantum cryptography market is increasing incidents of cyber-attacks globally. For instance, according to Coherent Market Insights analysis in July 2017, cybercrime increased up to 84.1% from 68.8%, which was recorded in June 2016. Banking and finance is the major sector prone to cyber-attack. Quantum Cryptography is used for protecting private information of data or cash related to their customers. This confidential data is highly susceptible to cyber-threats. For instance, according to the Reserve Bank of India (RBI), for the year 2015 – 2016, around 16,468 frauds were reported associated with ATM, debit card, credit card, and net banking. In 2014 – 2015, the number of frauds were 13,083 and 9,500 in the year 2013 –14. The data stored on cloud or on-premises is vulnerable to cyber-attacks by various software such as Trojan horses and viruses, which consequently increases the requirement of quantum cryptography solutions.

However, low customer awareness about quantum cryptography is one of the key restraining factors in the global quantum cryptography market.

Quantum Cryptography Market Taxonomy:

On the basis of component, the global quantum cryptography market is segmented into:

• Hardware
• Services

On the basis of hardware, the global quantum cryptography market is segmented into:

• Server
• Blade
• R&D Platform
• Random Number Generator

Quantum Cryptography Market: Regional Insights

The global quantum cryptography market is segmented on the basis of regions into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market for quantum cryptography in North America is expected to dominate the global market during forecast period. This growth is attributed to increasing cyber-attacks in this region on web based business such as healthcare, banking and financial, and retail and manufacturing. For instance, according to the Internet Crime Complaint Center (IC3), in 2016, cybercrimes resulted in a loss of over US$ 1.33 billion globally. California witnessed the highest recorded loss with over US$ 255 million. In 2016, around 28% of web application attacks were recorded in the U.S., followed by the Netherlands and Germany. This in turn creates a highly conducive environment for growth of the market.

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Quantum Cryptography Market: Competitive Background

Major players operating in the global quantum cryptography market include Magiq Technologies, Inc., Quintessencelabs, Nucrypt LLC, Qutools GmbH, Qasky, Crypta Labs Ltd, Qubitekk, Inc., PQ Solutions, Infineon Technologies AG, and Id Quantique.

Edge computing is a technique of enhancing cloud computing systems by processing data at the edge of the network, near the source of the data. The key beneficial factor of edge computing is that it reduces the time for operation to milliseconds and reduces load on the network. Transmission of large amounts of loads creates tremendous load on the network. Hence, edge computing processes all data at the edge of its source and analysis the data and sending only valuable information on it, instead of frequently broadcasting data over the network. For example, smart thermostat transmits data only when the temperature rises or falls from the acceptable limits.

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One of the major factors that is responsible for the global edge computing market growth is the proliferation of Internet of Things (IoT) technology. Increasing adoption of smartphones, smart watches, and intelligent wearable devices, among others are the major factors driving the demand for IoT technology. For instance, according to Coherent Market Insights analysis, in 2016, over 68% of the global population were mobile phone users, of which around 2.5 billion were smartphone users.

Advancements in technology and growing adoption of 2G, 3G, and 4G long-term evolution (LTE) wireless networks are in turn,  propelling demand for IoT technologies. This is subsequently boosting growth of the global edge computing market. These cellular networks enable connectivity and communications to cyber-crime sensitive activities such as exchange of real-time information, data, and online transactions. The demand for IoT security solutions has increasing, to ensure enhanced security and flexibility of such online communication. According to Internet World Stats, as of June 2017, among the global population of7.5 billion, the total number of Internet users accounted for 3.9 billion.

Furthermore, increasing accessibility to internet and execution of government regulatory policies to increase the penetration of IoT in several verticals like automotive, healthcare, retail, BFSI and so on are expected to favor growth of the market. For instance, in 2017, Brazilian government launched, Internet of Things: an action plan for Brazil, between 2018 and 2022, to enhance their economy and development in four different areas namely, healthcare, agribusiness, smart cities, and manufacturing. This in turn, is expected to boost growth of edge computing market over the forecast period.

However, the challenge of configuration is the major factor expected to restraint growth of the edge computing market. Not changing default password on each edge computing devices and consistently neglecting to update firmware may unintentionally create security holes, which in turn, makes these devices highly susceptible to cyber terrorism.

Edge Computing Market Taxonomy:

On the basis of component, the global edge computing market is segmented into:

• Hardware
• Solutions
• Platform
• Services

On the basis of organization size, the global edge computing market is segmented into:

• Small and Medium Enterprises
• Large Enterprises

On the basis of application, the global edge computing market is segmented into:

• Smart Cities
• Data Caching
• Analytics
• Location Services
• Environmental Monitoring
• Optimized Local Content
• Augmented Reality
• Others (Asset Tracking and Video Surveillance)

On the basis of end-user industry, the global edge computing market is segmented into:

• Government and Public
• Manufacturing
• Media and Entertainment
• Healthcare
• Telecom and IT
• Transportation
• Energy and Utilities
• Retail
• Others (Hospitality, BFSI, and Education)

Edge Computing Market: Regional Insights

The global edge computing market has been segmented on the basis of regions into North America, Europe, Asia-Pacific, Latin America, and Middle East, and Africa. The market for edge computing in North America is expected to witness significant growth during the forecast period. This growth is attributed to developing IT infrastructure, which is compatible with 4G LTE and 5G networks. This in turn, propels the adoption of broadband connectivity and increases the number of smartphones subscribers in this region. According to Coherent Market Insights’ analysis, in 2016, over 88% of the U.S. population had access to the Internet, which accounts for around 280 million of the U.S. population. Furthermore, in November 2016, around 78% of the U.S. population were recorded using smartphones. This indicates increasing demand for IoT technology, which in turn, is expected to boost growth of the regional edge computing market.

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Edge Computing Market: Competitive Background

Major players operating in the global edge computing market include Microsoft Corporation, IBM Corporation, Cisco Systems Inc., Google Inc., Hewlett Packard Enterprise Company, Intel Corporation, Schneider Electric SE, Nokia Corporation, Huawei Technologies Co. Ltd., and Aricent Inc.

Cloud Application Programming Interface is a type of API that permits for the development of services and applications used for the provisioning of cloud platforms, software and hardware. A cloud application programming interface works as an interface or gateways that provides direct and indirect cloud software and infrastructure services to users. According to different services and solutions the cloud application programming interface varies. Majorly there are three types of services: software as a service, Platform as a Service and Infrastructure as a Service. The software as a service APIs (Application layer) helps to integrate with the cloud and underlying IT infrastructure. The Platform as a service APIs (Service level) helps to provide access and functionality for the cloud. Similarly, Infrastructure as a Service APIs (Infrastructure level) helps to control cloud resources and distributions. The increasing adoption of smartphone and cloud platforms have accelerated the demand of cloud application programming interface market globally. The increasing adoption of cloud technology have accelerated the market of Cloud APIs.

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The increasing adoption of cloud technology become one of the key factor for the growth of the cloud application programming interface market. According to Coherent Market Insights, by 2020 near 92 percent of the workloads will be processed by cloud data centers. Due to various advantages such as remote location access, flexibility, cost effective etc have increasing the demand of cloud in various verticals such as healthcare, media and entertainment, BFSI, education, healthcare, manufacturing, IT & Telecommunication etc. In addition to this, due to less IT investment and maintenance cost, most of the small and medium size companies adopted the cloud platform have parallely raised the demand of cloud API

North America holds a dominant position in the market in 2016

North America held a dominant position in the market in 2016 and is projected to retain its dominance throughout the forecast period. Some of the major countries driving growth of the market in the region are the U.S. and Canada. In 2015, the North America cloud APIs market generate the revenue of US$ 115.9 million. The high dominance of digitalization and cloud platform become one of the major factor which provides the dominant position to the North America cloud application programming interface. In addition to this, due to highly presence of top leading companies such as Google, IBM, Microsoft, Oracle etc have uplifted the cloud API market in this region.

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In addition to this, Asia Pacific Cloud API market is projected to grow with the highest CAGR in the forecast period. India, china, Japan are some of the major countries which drives the market in this region. The increasing sales of smartphones pays a major role for the growth of cloud APIs in this region. According to Coherent Market Insights, it is estimated that near 1139.8 million smartphone users are present in 2016 and is projected to reach 1366.3 million smartphone users by 2018. In addition to this, the increasing adoption of cloud platform by small and medium sized enterprises have also accelerated the market of cloud APIs in Asia Pacific region countries.

An outboard engine is a system used in boats. It comprises of self-contained components including gearbox and jet drive. These outboard engines are essential motorized method to drive small watercraft. It autonomously controls steering of the boat, in turn controlling the direction of driving.

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The key factor associated with growth of the global outboard engines market mainly depends on the need for small and medium-powered boats. These are involved in activities such as fishing and transportation including holidays and relaxation. Sales of small and medium-sized boats are expected to make a positive impact on global outboard engines market. According to Coherent Market Insights analysis, in 2016, total sales of recreational boats were valued over US$ 3.5 billion. Within that value the sales in the U.S. individually valued over US$ 88 million in 2016. Coastal tourism activities in North America and Europe region has propelled the sales of boats, which is further expected to boost the growth of the global outboard engines market during the forecast period. Furthermore, advancement in technologies such as two-stroke indirect fuel injection, four-stroke fuel injection, four-stroke throttle body fuel injection, and electronic control modules to augment fuel economy benefits to the fleet owners of the ships.

However, high cost of new boats, inclination of consumers towards buying pre-owned boats as the lifespan of a boat is over 12 years, need to upgrade engine based on emission standards are the factor restraining sales of new boats. Less participation from younger generation is also expected to restrict the growth of the global outboard engines market.

Outboard Engines Market Taxonomy

On the basis of product type, the global outboard engines market is segmented into:

• Two Stroke Engine
• Four Stroke Engine

On the basis of engine type, the global outboard engines market is segmented into:

• Low power (>50 HP)
• Mid power (50 HP-150 HP)
• High power (<150 HP)

On the basis of fuel type, the global outboard engines market is segmented into:

• Gasoline Engine
• Diesel Engine

On the basis of boat type, the global outboard engines market is segmented into:

• Fishing
• Recreational
• Special purpose

Outboard Engines Market: Regional Insights

The global outboard engines market has been segmented on the basis of regions into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market for outboard engines in North America and Europe accounted for the largest market share in 2016, owing to the popularity of low powered engines. Low powered boats are affordable and consume less fuel, which makes them best suited for fishing industry.

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The total sale of boats in the U.S. accounted largest share in 2016. According to Coherent Market Insights analysis, during the period of 2012 to 2016, the number of boats sold was around 29,489 units. Maximum sales came from watercraft, fishing boats, and fiberglass runabouts. The greatest portion of this value came from sales of boats with a length between 36 and 45 feet.

Speech analytics technology can be utilized to analyze audio data and to gather information related to customer. This helps in improvement of communication and future interaction and overall customer experience. The key application segment of speech analytics technology is contact center due to the requirement to provide better customer satisfaction. This technology is mainly used for detection of emotion, stress, the reason behind the call, and their satisfaction level, that can be identified through customer’s voice. It can also be used to recognize whether the customer is disappointed or unsatisfied with the provided service.

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The major drivers responsible for growth of global speech analytics technology market are increasing number of call centers, which demands for more customer satisfaction. According to Coherent Market Insights analysis, in 2015, the U.S. has over 60% of contact centers and the global contact center industry is expected to grow at a CAGR of 12% by 2025. Moreover in 2015, the mass market contact center dominated the global contact center market with over 40% share. Universal center and B2B center accounted about 30% and 32% share of global contact center market respectively, in 2015. These factors are responsible for increasing demand for advanced technology, customer relationship management (CRM), and increasing requirement to provide accurate solutions. These are some major driving factors that are expected to escalate the growth of the overall speech analytics market by 2015. According to Coherent Market Insights analysis, speech analytics technology is one of the fastest growing segments in the contact centers tools industry. The adoption of speech analytics technology grew by over 62% in 2016 and it is anticipated to grow at a 17% growth rate by 2018.

However, high initial cost to implement this solution is expected to restraint the growth of the global speech analytics solutions market.

Speech Analytics Market Taxonomy

On the basis of type, the global speech analytics market is segmented into:

• Solutions
• Services

On the basis of deployment model, the global speech analytics market is segmented into:

• On-Premises
• Cloud

On the basis of organization size, the global speech analytics market is segmented into:

• Small and Medium Enterprises
• Large Enterprises

On the basis of end user Industry, the global speech analytics market is segmented into:

• Banking, Financial Services, and Insurance
• Telecommunication and IT
• Retail and Consumer Goods
• Healthcare and Life Sciences
• Media and Entertainment
• Government, Public Sector, and Utilities
• Travel and Hospitality
• Others

Speech Analytics Market: Regional Insights

The global speech analytics market is segmented on the basis of regions into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific region is expected to be the fastest growing region in the global speech analytics market. Risk and compliance management and major investment in contact centers are the major factors driving the regional market growth. For instance, Tata Consultancy Services (TCS), an India-based company is the prominent contact center service providers, which generated about US$16 billion in 2016.

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Speech Analytics Market: Competitive Background

Major players operating in the global speech analytics market include Interactive Intelligence Group, Inc., Nice Systems Ltd., Verint Systems, Avaya, Inc., Genesys Telecommunications Laboratories, Inc., Hewlett-Packard Enterprise, Incontact, Inc., Calabrio, Inc., Callminer, Inc., and Clarabridge, Inc.

A super-capacitor also called as ultra-capacitor has a high capacity and capacitance as compared to conventional capacitors. It is capable of storing 10 to 100 times more energy per unit volume than electrolytic capacitor. Supercapacitor acts as a bridge between capacitors and rechargeable batteries. It is used for power regulation in batteries. Super-capacitors are used in application where faster charging and discharging is required, owing to its property of low impedance. These applications includes cars, trains, buses, and elevators, where it can be utilized for regenerative braking and storage of energy for short period of time. Other major application is wind turbines in which supercapacitors are responsible for smoothing out the discontinuous power supplied by the wind.

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Advancements in consumer electronic technology is major factor driving growth of the global super-capacitor market, owing to increasing adoption of smart, sustainable, and convenient devices. For instance, smartphones and laptops require longer electric power backup, which is fulfilled by super-capacitors. For instance, according to Coherent Market Insights’ analysis, in 2016, around 350 units of mobile devices were sold globally, which accounted for an increase of over 3.7% from 2015. Revenue generated by smartphone devices accounted for over 70% sales of the global mobile devices in 2016.

However, high cost of materials associated with manufacturing of supercapicator is major restrain for growth the global super-capacitor market. For instance, graphene is most commonly used in supercapacitor as electrolytes, which is more expensive than activated carbon and lithium ion batteries.

Supercapacitor Market Taxonomy

On the basis of type, the global supercapacitor market is segmented into:

• Double-Layer Capacitor
• Pseudocapacitors
• Hybrid Capacitors

On the basis of materials, the global supercapacitor market is segmented into:

• Electrolyte
• Electrodes
• Separators

On the basis of end-user industry, the global supercapacitor market is segmented into:

• Consumer Electronics
• Industrial
• Automotive
• Energy
• Medical
• Aerospace and Defense

Asia Pacific market is expected to exhibit the highest CAGR over the forecast period (2017 – 2025). This is due to presence of major key players in this region such as Panasonic Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), and Nesscap Co., Ltd. (China). Rapid technological advancements in automotive sector is expected to boost the market growth. For instance, according to the International Energy Agency’s Global EV Outlook, China was largest market for electric vehicles in 2016, accounting for sell of over 40% of the electric cars worldwide, which includes over 200 million electric two-wheelers and over 300,000 electric buses. Supercapacitors are significantly used in electric and hybrid vehicles for short-term energy storage and brake reforming, which in turn is fueling growth of the market in this region.

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Major players operating in the global supercapacitor market include Cap-XX Limited, Panasonic Corporation, Nesscap Energy Inc., Murata Manufacturing Co., Ltd., Maxwell Technologies, Inc., Skeleton Technologies, Axion Power International, Inc., Graphene Laboratories, Inc., Nippon Chemi-Con Corporation, Mouser Electronics, Inc., AVX Corporation, Evans Capacitor Company, and SPEL Technologies Private Limited.

A smart beacon is a proximity device, which transmits a signal with the help of Bluetooth low energy proximity sensing technology by using compatible application or operating system. When a smartphone or tablet is in the beacon’s range, it detect the physical location of the device and tracks customer, then triggers allocation based notification on the device. For example, smart beacons are used in brick and mortar retail stores for mobile commerce to send notification regarding special offers to the customers.

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iBeacon and Eddystone are two most significant protocols used in smart beacon. iBeacon is developed by Apple, Inc. and is iOS compatible. iBeacon functions in iPhones and iPads. For instance, in 2013 Apple, Inc. activated iBeacon across 254 stores in the U.S. Eddystone was launched by Google LLC in 2015 and it is now highly adopted in the market. It is specially developed for Android users.

According to Coherent Market Insights’ analysis, smart beacons generated around US$ 4 Billion in offline retail sales as of 2016, and is expected to exhibit significant growth by 2025.

Eddystone standard segment is expected to hold largest market share in the global smart beacon market by 2025

iBeacon standard accounted for the largest market share in the global smart beacon market in 2016, though, the Eddystone segment is expected to witness growth at a significant rate and is forecast to dominate the market over the forecast period. This is owing to Eddystone offering extended functionality beyond iBeacon. Eddystone has four packets as a part of Bluetooth connectivity signal, including Eddystone-UID, Eddystone-URL, Eddystone-TLM, and Eddystone-EID. These features aid in providing more accuracy in performance than iBeacon. Eddystone can guide customers by providing most relevant information based on their behavior, choice, priority, location, and buying habits.

For instance, when a consumer passes any store in a mall, they will get information regarding offers and other information. Eddystone has the ability to entirely automate the communication from physical movement to modified, location, and profile-based notification. Therefore, Eddystone segment is expected to increase at the highest CAGR over the forecast period.

Smart Beacon Market Taxonomy

On the basis of beacon standards, the global smart beacon market is segmented into:

• iBeacon
• Eddystone
• Others

On the basis of connectivity type, the global smart beacon market is segmented into:

• Bluetooth Low Energy (BLE)
• Hybrid

On the basis of offering, the global smart beacon market is segmented into:

• Hardware
• Software
• Service

On the basis of end-user industry, the global smart beacon market is segmented into:

• Retail
• Transportation & Logistics
• Public Gatherings and Spaces
• Sports
• Healthcare
• Banking, Financial Services, and Insurance (BFSI)
• Automotive
• Aviation
• Education
• Others

Europe accounted for the largest share in the global smart beacon market in 2016

The global smart beacon market has been segmented on the basis of regions into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America accounted largest share in the global smart beacon market in 2016. This is attributed to high penetration of smart beacon technology in end-user industries, which includes retail, public transportation, logistics, and hospitality. According to SITA, an air transport provider, announced that at Miami International Airport, around 450 beacons and at Schiphol 1,500 beacons have been deployed. Simon Property Group announced that in 2015 it installed about 4,800 beacons across 192 malls and shopping centers. Hence, it is expected that in North America around 200 million Android and Apple smartphones will be using smart beacon technology by 2025.

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Major players operating in the global smart beacon market are Estimote, Aruba, Kontakt.Io, Cisco, Bluvision, Onyx Beacon, Leantegra, Gimbal, Accent Systems, Swirl Networks, Sensoro, Jaalee Technology, Beaconinside, Blesh and Blueup.

Learning management system is a software application for the reporting, tracking, documentation, and administration by e-learning training and educational courses or programs. On-demand Learning Management System is the integration of software-as-a-service platform and key features of traditional learning management system. The adoption of cloud platform in learning management system provides advanced features such as remote location access, reduced maintenance cost, as well as flexibility and scalability. Owing to such benefits, the demand for On-demand Learning Management System has increased, in turn boosting market growth.

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Increasing adoption of gamification technology to accelerate market growth.

Gamification is a concept of implementing a game design and mechanism to non-game applications. Increasing adoption of gamification for use in the learning management system is increasing the interest of the learners, inspiring them to continue learning. Learning management system solutions provide various benefits such as better learning experience, better learning environment, and instant feedback in comparison with other solutions. Increasing adoption of gamification for education and training purposes is in turn, accelerating growth of the market for On-demand Learning Management System. Several corporate companies are increasingly adopting gamification learning management systems for various applications such as product development, human resources, sales, and marketing, in turn, boosting growth of the On-demand Learning Management System market.

IT and Telecom segment held a dominant position in the market.

On the basis of end users, the learning management system market is diversified into healthcare, retail, government, banking, financial services & insurance, manufacturing, IT & telecom, and consulting. The IT and telecommunication segment held a dominant position in the market and is projected to retain its dominance throughout the forecast period. The IT sector has witnessed a relatively high number of technological advancements in the recent past such as advanced versions of various developing languages, including R, Ruby, PYTHON, and SQL. Increasing use of these languages for training purposes, in turn, is expected to fuel growth of the market for On-demand Learning Management System.

North America holds a dominant position in the market in 2016

North America held a dominant position in the market in 2016 and is projected to retain its dominance throughout the forecast period. Some of the major countries driving growth of the market in the region are the U.S. and Canada. Increasing trend of continuous learning, has influenced various to companies to provide accessibility to effective content anytime and anywhere, in turn increasing the demand for On-demand Learning Management System. Furthermore, increasing digitalization and high internet penetration are driving growth of the cloud-based learning management market globally. According to Coherent Market Insights, around 88.5 percent of the population were internet users in the U.S., in 2016.

Moreover, the Asia Pacific market is projected to exhibit highest CAGR over the forecast period. India, China, and Japan are some of the major countries driving growth of the On-demand Learning Management System market in the region. Increasing adoption of online educational systems is in turn, accelerating growth of the On-demand Learning Management System market in this region. For example: according to coherent market insights, In India the online education system market generated the revenue of US$ 247 million in 2016 and is projected to reach up to US$ 1.96 billion by 2021.

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Increasing government support plays a key role for the growth of market. For instance, in India, government initiatives such as SWAYAM, E-Basta, Rashtriya Madhyamik Shiksha Abhiyan, Skill India, and Digital India helps provide a robust platform for deployment of e-learning tools.

Key Companies- Global On-demand Learning Management System Market.

Some of the major companies in the global On-demand Learning Management System market Adobe Systems, TalentLMS, DoceboLMS, Litmos, Trivantis, WizIQ, Mindflash, SchoolKeep, Latitude Learning LMS, and SAP.

A distributed ledger is a synchronized and decentralized digital database software system. It maintains all transaction information in a decentralized manner across different locations, by reducing the requirement of a central authority for checking against manipulation. It permits any online transactions or data storage to be safe by preventing the probability of cybercrime as all the consumers are able to see all transactions, and the data is stored in a register. A digital ledger can securely and accurately store all this information with the help of cryptography, which can be accessible only by using cryptographic signatures.

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Distributed Ledger Technology applications

Blockchain is a type of distributed ledger technology. Blockchain technology is a decentralized software program that establishes a digital register, which enables in protected online payment transactions. These transactions are recorded in the register from a number of computers. The register maintains a continuous set of data containing information about the transaction records without changing the transaction information. The data in the register is maintained in the form of lists, which are organized in Blocks for each time period. These Blocks consists of information about the transactions, and provides a reference to the previous Block, thus, the present Block links to the prior Block to form a Blockchain. Generally, one Block contains the information about a set of transactional records for a particular period of time or fixed memory size.

Importance of Distributed Ledger Technology

Distributed ledger technology based transactions enable faster, safer, and economical transactions as compared to conventional transaction systems. This is due to the fact that conventional transaction systems refer to central administrator or centralized data storage system. Moreover, distributed ledger technology can be used to build a permanent and transparent ledger system for gathering data on exchanges, real-time tracking of digital transaction and payments, and to prevent frauds and errors. All the information stored in distributed ledger becomes unchangeable, and can be accessible from each node of a network as it becomes identical replica. Hence, if any changes are made in the register, it will be reflected and copied to every user’s database within a span of seconds. Therefore, digital ledgers are more secure and to make a successful cyber-attack, a hacker needs to attack all the distributed copies, simultaneously.

However, lack of awareness about distributed ledger technology and limited scalability are two major factors expected to restraint growth opportunity of the global distributed ledger technology market.

Regional Insights

The distributed ledger technology market is segmented on the basis of geography including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa regions. The market in North America is expected to be dominant in the global market. This is owing to rising awareness and increasing applications of this technology in various segments. For instance, according to IoT Newsletter Organization in 2017, U.S. Department of Energy is exploring the application of blockchain technology for the management of next-generation power grids. This in turn boosting growth of the distributed ledger technology market.

Rising demand for e-Commerce in emerging economies such as China and India is another factor for growth of the markets. According to Coherent Market Insights’ analysis, in 2016, China accounted for over 63% of digital buyers in Asia Pacific followed by India and Japan. Hence, Asia Pacific accounted for over 10% of global retail e-Commerce sales in 2016. This is owing to increasing implementation and improving blockchain services in this region. Blockchain is used in e-Commerce for gathering data on exchanges, real-time tracking of digital transaction, and payments. Increased adoption and development of Bitcoin in China is expected to fuel growth rate of blockchain market, which is expected to in turn boost growth of the distributed ledger technology market in Asia Pacific.

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Competitive Insights

The key market players in the distributed ledger technology industry include IBM Corporation, Microsoft Corporation, Amazon.com, Inc., SAP SE, Intel Corporation, Samsung Group, NVIDIA Corporation, Xilinx, Inc., AMD, Inc., Siemens AG, Accenture Plc, and Infosys Ltd.