Blockchain in Energy Market to be worth $8.76b by 2027
VANCOUVER, BC, CANADA, May 7, 2022 — Blockchain in Energy Market is forecasted to be worth $8,761.4 Million by 2027, according to a current analysis by Emergen Research.
During the forecasted timeline, the global blockchain in the energy market is expected to rise substantially, owing to the rising adoption of blockchain in the energy industry.
The growing safety concerns related to automated grids is anticipated to further propel the market growth in the forecast period. Besides, the rising internet of things technology penetration is likely to drive the market growth shortly.
The primary aim of the report is to offer market overview, product scope, growth prospects, and risks. In the report, it also offers in depth information about each player in the global Blockchain in Energy market along with its global standing, financial status, product launch, business expansion plans among others.
The market players are focused on developing various strategies such as partnerships, mergers and acquisitions, joint ventures, product launches, and research and development investments.
To Understand Latest Key Trends, Download Sample Report Of Blockchain in Energy Market
Blockchain and business
The study finds that how on certain account threats and challenges can act as a roadblock for the business.
A thorough evaluation of the Blockchain in Energy market in the light of macro-environment such as social, political, economical as well as technological environment add granularity to the overall research.
In addition, the study produces real-time data on vital aspects including sales, profits, gross margin and growth prospects to show how going forward the business will witness a substantial upswing.
Further key findings
In October 2020, GuideVision was acquired by Infosys Limited. Infosys will enhance its technological transformation with the acquisition, expanding Infosys Cobalt’s cloud services offering and reaffirming its commitment to the rising ServiceNow ecosystem.
Infosys’ ServiceNow capabilities will be enhanced by GuideVision’s training academy and offshore facilities, will provide customers in Europe unparalleled abilities in the first hybrid cloud transition.
Due to higher accessibility, the ability to efficient utilization of the network, and distributed architecture, the public segment is likely to hold the largest market. Furthermore, this category enables users to access the system, backed up by incentive-based payment authentication.
Over the forecast timeframe, the Peer-To-Peer Transaction segment is expected to lead the market. Shifting the focus on the development of RES energy, especially wind, solar & marine, to improve the production and accessibility of alternative energy will lead to the growth of the system.
The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.
Companies profiled
Infosys Limited, SAP SE, Oracle Corporation, Accenture plc, WePower UAB, IBM Corporation, Microsoft Corporation, Deloitte Touche Tohmatsu Limited, LO3 Energy, Inc., and BigchainDB GmbH, among others. /EINPresswire.com/