The study is a professional probe into the revenue generated and capacity estimates for the Blockchain in Energy market for the forecast period 2020 - 2027 empower the business owners to maintain a competitive edge over their rivals. The research further examines and provides data on the market by type, application and geography interspersed with illustrations and other graphical representations. The market analysis not only determines the attractiveness of the industry but also the evolving challenges and opportunities and their association with the weaknesses and strengths of prominent market leaders. Other factors taken into consideration when studying the industry include profitability, manufacturing capability, distribution channels and industry cost structure and major success factors.

The global Blockchain in Energy Market is forecasted to be worth USD 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.

Over the forecast period, the uncertain regulatory environment relating to power generations, significantly rising concerns regarding customer credibility among power management companies, is expected to inhibit the market growth.

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Key Highlights From The Report

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 power industry is expected to dominate the market with a CAGR of 56.2% over the forecasted period. It's mainly due to blockchain technologies' ability to manage decentralized sources of energy and a holistic view of energy consumption through tracking.

Due to the high amount of project execution and start-up presence, the European region is anticipated to dominate the market; the European region market is expected to be further driven by growing government funding.

Key participants include 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.

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