BLOCK CHAIN-BASED SECURITY SOLUTIONS FOR IOT SYSTEMS MARKET ANALYSIS
Regional Analysis of Block Chain-based Security Solutions Market
On the basis of region, the global block chain-based security solutions for IoT Systems market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa. In 2019, North America held dominant position in the block chain-based security solutions for IoT Systems market with 34.7% market share and is expected to retain its position over the forecast period. This is owing to adoption of strategies such as product development by key vendors in this region. For instance, in October 2018, TCS partnered with Intel to enhance the privacy and security of its Quartz blockchain solution. Intel offered its SGX Technology to upgrade the Quartz blockchain solution ecosystem. Moreover, in April 2018, Amazon Web Services launched blockchain templates. These templates offer fast and secure way to create and deploy blockchain network using open source frameworks such as Ethereum and Hyperledger Fabric.
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