The blockchain technology is a cryptographically managed, distributed ledger system offered by vendors to enterprises engaged in the energy sector.
Technavio’s analysts forecast the Global Blockchain Technology in Energy Market to grow at a CAGR of 65.34% during the period 2019-2023.
Covered in this report The report covers the present scenario and the growth prospects of the global blockchain technology in energy market. To calculate the market size, the report considers the revenue generated from the adoption of blockchain technology.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, global blockchain technology in energy market 2019-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Accenture • IBM • Microsoft • Oracle • SAP
Market driver • Improved supply chain efficiency in energy sector • For a full, detailed list, view our report
Market challenge • Low adoption due to unregulated or low regulated market • For a full, detailed list, view our report
Market trend • Implementation of peer-to-peer exchange of electricity at large-scale • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2023 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?
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