DUBLIN--(BUSINESS WIRE)--The "Vietnam Blockchain Market, By Component (Platforms and Services), By Provider (Application, Middleware, and Infrastructure), By Type (Private, Public, and Hybrid), By Organization Size, By Application Area, By Region, Competition Forecast & Opportunities, 2017-2027" report has been added to ResearchAndMarkets.com's offering.
Vietnam Blockchain market is projected to grow at a formidable rate during the forecast period
The market growth can be attributed to the increasing awareness of the benefits of buying cryptocurrency and venture capital funding in Blockchain technology companies. Market players are making more efforts to improve their services and make Blockchain technology more effective and efficient in the near future.
Growing strategic initiatives in the decentralized finance space and accepting cryptocurrency as a payment by companies are anticipated to drive its growth. Various market players are collaborating with cryptocurrency solution providers to provide cryptocurrency-based payments to their customers.
Many companies are integrating artificial intelligence capabilities with Blockchain to enhance their offerings and create new opportunities, boosting the growth of the Vietnam Blockchain market. The increasing number of regulations for protecting consumer data and the rising adoption of Blockchain technology in the healthcare sector to protect consumer information owing to increasing incidences of data theft and breaches are aiding the growth of the Vietnam Blockchain market.
Growing digitalization in all the prominent industry verticals and rising smartphone penetration are also propelling the demand for the Vietnam Blockchain market in the next five years. Advanced cybersecurity solutions and extensive use of Blockchain solutions for making online transactions and smart contracts are projected to drive the growth of the Vietnam Blockchain market.
The launch of bitcoin and high demand for business applications comprising digital identity, smart contracts, documentation, exchanges, etc. Moreover, the rising deployment rate of Blockchain technology across prominent industry verticals such as e-commerce, banking, and retail is also expected to fuel the growth of the Vietnam Blockchain market.
A growing number of initiatives by the government to develop smart cities are accelerating the adoption of combined technologies such as Blockchain, 5G, and facial recognition of sensors, which is expected to fuel the growth of the Vietnam Blockchain market in the next five years. New product launches and enhancements in existing products using digital ledger technology are expected to augment the growth of the Vietnam Blockchain market in the coming years.
The banking and financial services segment is expected to dominate the Vietnam Blockchain market as many companies are heavily investing in Blockchain technologies and the rise of new business models in various areas such as cross-border payments, remittance exchanges, internet banking, trade finance, etc.
Top players in the Vietnam Blockchain market include Ekoios Technology, SOTATEK JSC, InApps Technology, Amaris, Hekate, QSoft Vietnam, Dwarves Foundation, Pearl Data Solutions, Chainos Solution, Techchain Software, etc.
Objective of the Study:
- To analyze and forecast market size of the Vietnam Blockchain market, in terms of value.
- To define, classify and forecast the Vietnam Blockchain market on the basis of component, provider, type, organization size, application area. region and company.
- To identify tailwinds and headwinds for the Vietnam Blockchain market.
- To examine competitive developments such as expansions, new services, and mergers & acquisitions in the Vietnam Blockchain market.
- To strategically profile the leading players in the Vietnam Blockchain market.
Company Profiles: Detailed analysis of the major companies present in Vietnam Blockchain market.
- Ekoios Technology
- SOTATEK JSC
- InApps Technology
- QSoft Vietnam
- Dwarves Foundation
- Pearl Data Solutions
- Chainos Solution
- Techchain Software
Years considered for this report:
- Historical Years: 2017-2020
- Base Year: 2021
- Estimated Year: 2022E
- Forecast Period: 2023F-2027F
Vietnam Blockchain Market, By Component:
Vietnam Blockchain Market, By Provider:
Vietnam Blockchain Market, By Type:
Vietnam Blockchain Market, By Organization Size:
- Small and Medium Sized Enterprises
- Large Enterprises
Vietnam Blockchain Market, By Application Area:
- Transportation and Logistics
- Food & Agriculture
- Energy & Utilities
- Media and Entertainment
- Banking and Financial Services
- IT & Telecom
Vietnam Blockchain Market, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/e4d8d4
Laura Wood, Senior Press Manager
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