Banking, Financial Services, And Insurance (Bfsi) Vertical To
Hold The Largest Market Share In 2016
The BFSI segment held 3/4th of the total blockchain market
share in 2016 and is expected to maintain the same trend
throughout the entire forecast period. This is because of the
constantly growing demand for banking and financial
transactions which have got developed from traditional
payment systems to be flawlessly integrated into modern
systems. However, media and entertainment segment is
expected to grow with the highest CAGR of 64.9% during the
forecast period, as the blockchain technology has helped
authors, artists and musicians to connect directly with their
audiences without any kind of intermediaries.
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