Table of Contents
Executive Summary
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- Impact of COVID-19 on blockchain
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- Figure 1: Short, medium and long-term impact of COVID-19 on blockchain, 15 July 2021
- The market
- Market size
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- Figure 2: The global market for blockchain, 2016-21
- Market forecast
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- Figure 3: Market forecast for blockchain worldwide, 2022-26
- Market segmentation
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- Figure 4: Segmentation of European blockchain revenues, by end-use sector, 2020
- Market drivers
- Companies and brands
- An unusual industry mix and structure
- Highly international
- Major M&A and venture capital investment
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- Figure 5: Venture capital funding of blockchain start-ups, 2016-21
Issues and Insights
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- COVID-19 restricts growth in 2020
- Is there a battle for digital currency control?
The Market – Key Takeaways
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- COVID-19 slowed growth
- Revolutions take time
- It is not all about cryptocurrencies
Market Size
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- The COVID-19 impact on blockchain
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- Figure 6: Short, medium and long-term impact of COVID-19 on blockchain, 15 July 2021
- The market
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- Figure 7: The global market for blockchain, 2016-21
Market Forecast
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- Growth will accelerate
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- Figure 8: Market forecast for blockchain worldwide, 2022-26
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- Figure 9: Changes in the perception of the relevance of blockchain, 2018-20
- Market drivers and assumptions
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- Figure 10: Key drivers affecting MBD’s market forecast, 2015-25 (prepared on 5 March 2021)
- Forecast methodology
Market Segmentation
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- A changing end-use profile
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- Figure 11: Segmentation of European blockchain revenues, by end-use sector, 2020
- Banking, finance and insurance
- Cryptocurrencies
- Internet of Things
- Supply chain
- Healthcare
- Regional segmentation
Market Developments
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- Introduction
- Financial and banking services
- Banking
- Credit
- Stocks
- Crowdfunding
- Crypto exchanges
- Insurance
- Accounting
- Industrial and commercial supply chains
- Aerospace
- Automotive
- Construction and real estate
- Energy
- Food and beverages
- Gems
- IoT
- Publishing and media
- Public services
- Defence
- Education
- Healthcare
- Law enforcement and justice
- Public records and voting
- Transport
- Waste management and recycling
- Travel and logistics
- Air Travel
- Bookings
- Logistics
- Taxis
- Retail
- Agriculture
- ICT
- 3D printing
- Other
- Cloud computing
- Internet identity
Market Drivers
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- Digitisation
- The key to productivity
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- Figure 12: Labour productivity in the UK compared with other major economies, 2010-19
- The COVID-19 impact
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- Figure 13: UK labour productivity, output per hour and per worker, Q1 2017-Q3 2020
- The internet
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- Figure 14: Worldwide internet usage, by region, 2000 and 2020 (millions and %)
- Figure 15: Proportion of UK businesses with internet access in the UK, by size of company, 2014-19 (%)
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- Figure 16: Residential fixed-line broadband coverage across the UK, by nation, March 2020
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- Figure 17: Proportion of employees using computers and the internet for their business, by size of company, 2019
- Figure 18: Segmentation of employees with work internet access, by size of company, 2019 (million by number of employees)
- Cloud computing boosted by COVID-19
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- Figure 19: Market size for cloud computing, 2015-25 (prepared on 5 November 2020)
- Edge computing
- 5G rolling out
- Internet of Things
- COVID-19 changes remote working
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- Figure 20: Number of people mainly working from home, 2015-19
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- Figure 21: Home working, by occupation, April 2020
- Artificial intelligence and machine learning
- eCommerce
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- Figure 22: Market size for ecommerce, 2015-25 (prepared on 6 April 2021)
- Figure 23: Segmentation of ecommerce market, by end-use market, 2015-25 (prepared on 6 April 2021)
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- Figure 24: Segmentation of B2B ecommerce market, by channel, 2015-25 (prepared on 6 April 2021)
- Figure 25: Segmentation of B2B ecommerce sales, by business sector, 2020
- Cryptocurrencies
- Introduction
- Bitcoin
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- Figure 26: Closing prices of Bitcoin, October 2013-June 2021
- Other cryptocurrencies
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- Figure 27: Closing prices of Ethereum, September 2015-June 2021
- 2021 developments and will Britcoin accompany Bitcoin?
Companies and Brands – Key Takeaways
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- COVID-19
- The unusual industry structure
- Highly international
- Financial sector growth in interest
Industry Structure
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- Huge growth in venture capital funding for blockchain in 2021
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- Figure 28: Venture capital funding of blockchain start-ups, 2016-21
- Figure 29: Number of venture capital fundings of blockchain start-ups, 2016-21
- Patents
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- Figure 30: Global blockchain patents, by country, start of 2020
- Figure 31: Global blockchain patents, by country, Q1-Q3 2020
- UK major start-ups and companies
Competitive Strategies
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- Blockchain-as-a-Service
- Specific end-use industries
- Industry-wide collaborations
Company Profiles
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- Alibaba Group Holdings
- Activity
- Performance
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- Figure 32: Financial performance of Alibaba Group Holding, 2016-20
- Figure 33: Segmentation of Alibaba revenues, 2019 and 2020 (RMB millions)
- Strategy
- Amazon Web Services
- Activity
- Performance
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- Figure 34: Financial performance of Amazon, 2016-20 (US$ million)
- Figure 35: UK turnover development of Amazon, 2016-20
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- Figure 36: Segmentation of Amazon net sales, 2020 (US$ million)
- Strategy
- IBM
- Activity
- Performance
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- Figure 37: Financial performance of IBM United Kingdom, 2015-19 (£ million)
- Strategy
- Microsoft Corporation
- Activity
- Performance
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- Figure 38: Product and service segmentation of Microsoft, 2020 (US$ million)
- Figure 39: Financial performance of Microsoft Ltd, 2016-20 (£ million)
- Strategy
- Oracle Corporation
- Activity
- Performance
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- Figure 40: Revenue segmentation of Oracle Corporation, 2021
- Figure 41: Financial performance of Oracle Corporation UK, 2016-20 (£ million)
- Strategy
- R3 Holdco
- Activity
- Performance
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- Figure 42: Financial performance of R3, 2016-19 (£ million)
- Strategy
Appendix – Data Sources, Abbreviations and Supporting Information
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- Abbreviations
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