The global blockchain technology market size accounted for US$ 5.7 billion in 2021 and is projected to reach around USD 1,593.8 billion by 2030, growing at a CAGR of 87.1% from 2022 to 2030. Widespread use of blockchain solutions in banking and cybersecurity are driving the growth of the blockchain technology market
Blockchain Technology Market Key Takeaways:
- By type, the public cloud segment has held 61% of the total revenue share in 2021.
- By components, the infrastructure & protocols segment has accounted 63% revenue share in 2021.
- By applications, the payments segment contributed 45% of total revenue share in 2021.
- By enterprise size, the large enterprises segment has hold 68.5% revenue share in 2021.
- By end use, the financial services segment has reached 39% market share in 2021.
- The North America region accounted 38% market share in 2021.
Blockchain was a priority topic at Davos; a World Economic Forum survey suggested that 10 percent of global GDP will be stored on blockchain by 2027. Multiple governments have published reports on the potential implications of blockchain, and the past two years alone have seen more than half a million new publications on and 3.7 million Google search results for blockchain.
Report Summary
The global blockchain technology market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.
The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the blockchain technology market across the globe.
A comprehensive estimate on the blockchain technology market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of blockchain technology during the forecast period. Price point comparison by region with global average price is also considered in the study.
Growth Factors
Market expansion is anticipated as a result of businesses like PayPal and Xbox accepting cryptocurrency as a form of payment. To enable crypto-based payments for its patrons, numerous eateries have joined with crypto solution providers.
Blockchain technology offers enormous potential in a number of industries, including finance, cybersecurity, and the Internet of Things.
Numerous application areas, including smart city initiatives, smart transportation, vehicle connection and self-driving cars, smart grids, and smart homes, have widely deployed IoT devices.
Numerous businesses are creating new technology use cases utilizing IoT devices, which are widely used as IoT devices. Blockchain technology is being used by some innovators to build decentralized networks of IoT devices.
Blockchain technology is anticipated to enable direct device-to-device communication, eliminating the need for additional surveillance systems.
Blockchain Technology Market Scope
Report Coverage | Details |
Market Size in 2022 | USD 10.66 Billion |
Market Size by 2030 | USD 1,593.8 Billion |
Growth Rate from 2022 to 2030 | CAGR of 87.1% |
Base Year | 2021 |
Forecast Period | 2022 to 2030 |
Segments Covered | Type, Component, Application, Enterprise, End-Use, and Geography |
Key Highlights:
Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized blockchain technology market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.
Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.
Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.
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Blockchain Technology Market Players
The report includes the profiles of key blockchain technology market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.
Major companies operating in this area are:
- IBM Corp. (U.S.)
- Microsoft Corp. (U.S.)
- The Linux Foundation (U.S.)
- BTL Group Ltd. (U.K.
- Chain, Inc. (U.S.)
- Circle Internet Financial Ltd. (U.S.)
- Deloitte Touche Tohmatsu Ltd. (U.K.)
- Digital Asset Holdings, LLC (U.S.)
- Global Arena Holding, Inc. (U.S.)
- Monax (U.S.)
- Ripple (U.S.)
Market Segmentation
By Type
- Public Cloud
- Private Cloud
- Hybrid Cloud
By component
- Application & Solution
- Middleware
- Infrastructure & Protocols
BY Application
- Digital Identity
- Payments
- Exchanges
- Supply Chain Management
- Smart Contracts
- Others
By Enterprise
- Large Enterprises
- Small & Medium Enterprises
By End-Use
- Financial Services
- Healthcare
- Government
- Media & Entertainment
- Transportation & Logistics
- Retail
- Travel
- Others
Regional Segmentation
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
- Latin America (Brazil and Rest of Latin America)
- Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Research Methodology
Secondary Research
It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.
The secondary research sources referred in the process are as follows:
- Governmental bodies, and organizations creating economic policies
- National and international social welfare institutions
- Company websites, financial reports and SEC filings, broker and investor reports
- Related patent and regulatory databases
- Statistical databases and market reports
- Corporate Presentations, news, press release, and specification sheet of Manufacturers
Primary Research
Primary research includes face-to-face interviews, online surveys, and telephonic interviews.
- Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
- In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Blockchain Technology Market
5.1. COVID-19 Landscape: Blockchain Technology Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Blockchain Technology Market, By Type
8.1. Blockchain Technology Market, by Type, 2022-2030
8.1.1. Public Cloud
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Private Cloud
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Hybrid Cloud
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Blockchain Technology Market, By Component
9.1. Blockchain Technology Market, by Component, 2022-2030
9.1.1. Application & Solution
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Middleware
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Infrastructure & Protocols
9.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Blockchain Technology Market, By Application
10.1. Blockchain Technology Market, by Application, 2022-2030
10.1.1. Digital Identity
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Payments
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Exchanges
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Supply Chain Management
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Smart Contracts
10.1.5.1. Market Revenue and Forecast (2017-2030)
10.1.6. Others
10.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Blockchain Technology Market, By Enterprise
11.1. Blockchain Technology Market, by Enterprise, 2022-2030
11.1.1. Large Enterprises
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Small & Medium Enterprises
11.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Blockchain Technology Market, By End-Use
12.1. Blockchain Technology Market, by End-Use, 2022-2030
12.1.1. Financial Services
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Healthcare
12.1.2.1. Market Revenue and Forecast (2017-2030)
12.1.3. Government
12.1.3.1. Market Revenue and Forecast (2017-2030)
12.1.4. Media & Entertainment
12.1.4.1. Market Revenue and Forecast (2017-2030)
12.1.5. Transportation & Logistics
12.1.5.1. Market Revenue and Forecast (2017-2030)
12.1.6. Retail
12.1.6.1. Market Revenue and Forecast (2017-2030)
12.1.7. Travel
12.1.7.1. Market Revenue and Forecast (2017-2030)
12.1.8. Others
12.1.8.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Blockchain Technology Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Type (2017-2030)
13.1.2. Market Revenue and Forecast, by Component (2017-2030)
13.1.3. Market Revenue and Forecast, by Application (2017-2030)
13.1.4. Market Revenue and Forecast, by Enterprise (2017-2030)
13.1.5. Market Revenue and Forecast, by End-Use (2017-2030)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.1.6.2. Market Revenue and Forecast, by Component (2017-2030)
13.1.6.3. Market Revenue and Forecast, by Application (2017-2030)
13.1.6.4. Market Revenue and Forecast, by Enterprise (2017-2030)
13.1.6.5. Market Revenue and Forecast, by End-Use (2017-2030)
13.1.7. Rest of North America
13.1.7.1. Market Revenue and Forecast, by Type (2017-2030)
13.1.7.2. Market Revenue and Forecast, by Component (2017-2030)
13.1.7.3. Market Revenue and Forecast, by Application (2017-2030)
13.1.7.4. Market Revenue and Forecast, by Enterprise (2017-2030)
13.1.7.5. Market Revenue and Forecast, by End-Use (2017-2030)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.2. Market Revenue and Forecast, by Component (2017-2030)
13.2.3. Market Revenue and Forecast, by Application (2017-2030)
13.2.4. Market Revenue and Forecast, by Enterprise (2017-2030)
13.2.5. Market Revenue and Forecast, by End-Use (2017-2030)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.6.2. Market Revenue and Forecast, by Component (2017-2030)
13.2.6.3. Market Revenue and Forecast, by Application (2017-2030)
13.2.7. Market Revenue and Forecast, by Enterprise (2017-2030)
13.2.8. Market Revenue and Forecast, by End-Use (2017-2030)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.9.2. Market Revenue and Forecast, by Component (2017-2030)
13.2.9.3. Market Revenue and Forecast, by Application (2017-2030)
13.2.10. Market Revenue and Forecast, by Enterprise (2017-2030)
13.2.11. Market Revenue and Forecast, by End-Use (2017-2030)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.12.2. Market Revenue and Forecast, by Component (2017-2030)
13.2.12.3. Market Revenue and Forecast, by Application (2017-2030)
13.2.12.4. Market Revenue and Forecast, by Enterprise (2017-2030)
13.2.13. Market Revenue and Forecast, by End-Use (2017-2030)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.14.2. Market Revenue and Forecast, by Component (2017-2030)
13.2.14.3. Market Revenue and Forecast, by Application (2017-2030)
13.2.14.4. Market Revenue and Forecast, by Enterprise (2017-2030)
13.2.15. Market Revenue and Forecast, by End-Use (2017-2030)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.2. Market Revenue and Forecast, by Component (2017-2030)
13.3.3. Market Revenue and Forecast, by Application (2017-2030)
13.3.4. Market Revenue and Forecast, by Enterprise (2017-2030)
13.3.5. Market Revenue and Forecast, by End-Use (2017-2030)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.6.2. Market Revenue and Forecast, by Component (2017-2030)
13.3.6.3. Market Revenue and Forecast, by Application (2017-2030)
13.3.6.4. Market Revenue and Forecast, by Enterprise (2017-2030)
13.3.7. Market Revenue and Forecast, by End-Use (2017-2030)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.8.2. Market Revenue and Forecast, by Component (2017-2030)
13.3.8.3. Market Revenue and Forecast, by Application (2017-2030)
13.3.8.4. Market Revenue and Forecast, by Enterprise (2017-2030)
13.3.9. Market Revenue and Forecast, by End-Use (2017-2030)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.10.2. Market Revenue and Forecast, by Component (2017-2030)
13.3.10.3. Market Revenue and Forecast, by Application (2017-2030)
13.3.10.4. Market Revenue and Forecast, by Enterprise (2017-2030)
13.3.10.5. Market Revenue and Forecast, by End-Use (2017-2030)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.11.2. Market Revenue and Forecast, by Component (2017-2030)
13.3.11.3. Market Revenue and Forecast, by Application (2017-2030)
13.3.11.4. Market Revenue and Forecast, by Enterprise (2017-2030)
13.3.11.5. Market Revenue and Forecast, by End-Use (2017-2030)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.2. Market Revenue and Forecast, by Component (2017-2030)
13.4.3. Market Revenue and Forecast, by Application (2017-2030)
13.4.4. Market Revenue and Forecast, by Enterprise (2017-2030)
13.4.5. Market Revenue and Forecast, by End-Use (2017-2030)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.6.2. Market Revenue and Forecast, by Component (2017-2030)
13.4.6.3. Market Revenue and Forecast, by Application (2017-2030)
13.4.6.4. Market Revenue and Forecast, by Enterprise (2017-2030)
13.4.7. Market Revenue and Forecast, by End-Use (2017-2030)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.8.2. Market Revenue and Forecast, by Component (2017-2030)
13.4.8.3. Market Revenue and Forecast, by Application (2017-2030)
13.4.8.4. Market Revenue and Forecast, by Enterprise (2017-2030)
13.4.9. Market Revenue and Forecast, by End-Use (2017-2030)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.10.2. Market Revenue and Forecast, by Component (2017-2030)
13.4.10.3. Market Revenue and Forecast, by Application (2017-2030)
13.4.10.4. Market Revenue and Forecast, by Enterprise (2017-2030)
13.4.10.5. Market Revenue and Forecast, by End-Use (2017-2030)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.11.2. Market Revenue and Forecast, by Component (2017-2030)
13.4.11.3. Market Revenue and Forecast, by Application (2017-2030)
13.4.11.4. Market Revenue and Forecast, by Enterprise (2017-2030)
13.4.11.5. Market Revenue and Forecast, by End-Use (2017-2030)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Type (2017-2030)
13.5.2. Market Revenue and Forecast, by Component (2017-2030)
13.5.3. Market Revenue and Forecast, by Application (2017-2030)
13.5.4. Market Revenue and Forecast, by Enterprise (2017-2030)
13.5.5. Market Revenue and Forecast, by End-Use (2017-2030)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.5.6.2. Market Revenue and Forecast, by Component (2017-2030)
13.5.6.3. Market Revenue and Forecast, by Application (2017-2030)
13.5.6.4. Market Revenue and Forecast, by Enterprise (2017-2030)
13.5.7. Market Revenue and Forecast, by End-Use (2017-2030)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Type (2017-2030)
13.5.8.2. Market Revenue and Forecast, by Component (2017-2030)
13.5.8.3. Market Revenue and Forecast, by Application (2017-2030)
13.5.8.4. Market Revenue and Forecast, by Enterprise (2017-2030)
13.5.8.5. Market Revenue and Forecast, by End-Use (2017-2030)
Chapter 14. Company Profiles
14.1. IBM Corp. (U.S.)
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Microsoft Corp. (U.S.)
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. The Linux Foundation (U.S.)
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. BTL Group Ltd. (U.K.)
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Chain, Inc. (U.S.)
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Circle Internet Financial Ltd. (U.S.)
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Deloitte Touche Tohmatsu Ltd. (U.K.)
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Digital Asset Holdings, LLC (U.S.)
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Global Arena Holding, Inc. (U.S.)
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Monax (U.S.)
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
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