Blockchain Technology Market Overview
The major driving factors contributing to the high growth rate of blockchain market embrace increasing venture capital funding and investment in blockchain technology; extensive use of blockchain solutions in banking and cybersecurity; high adoption of blockchain solutions for payment, smart contracts, and digital identities; and rising government initiatives.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Component, Application, Organization Size and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | IBM Corp., Microsoft Corp., The Linux Foundation, BTL Group Ltd. , Chain, Inc. , Circle Internet Financial Ltd. , Deloitte Touche Tohmatsu Ltd. , Digital Asset Holdings, LLC, Global Arena Holding, Inc. (GAHI), Monax , Ripple. |
The covid-19 Impact on Blockchain Technology Market:
Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty billion impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount.
Blockchain Technology Market Segment Overview
Based on components, the global blockchain market is segmented into platforms and services. Platform refers to the standalone platform that cannot be more segmented. Blockchain Technology platform within the market enables customers to set up personal, public, and consortium-based blockchain environments and provide them with capabilities to develop their own blockchain applications and solutions.
On the basis of applications, the market has been categorized into digital identity, exchanges, payments, good contracts; provide chain management, and others. Blockchain Technology technology improves payment system potency, minimizes in operation prices, and offers transparency. These edges provided by blockchain technology are increasing its use in payment solutions, therefore driving the phase growth. Furthermore, blockchain reduces the necessity for a middleman in payment process that is additionally a serious issue driving the segment growth.
The blockchain market has been segmented by organization size into SMEs and large enterprises. These organizations are categorized based on the number of employees working with them and on world standards. Enterprises of all sizes across the world are that specialize in blockchain technology to revolutionize the normal systems in their infrastructure and enhance the client experience.
Market Analysis, Insights and Forecast – By Component
· Platforms
· Services
Market Analysis, Insights and Forecast – By Application
· Digital Identity
· Payments
Market Analysis, Insights and Forecast – By Organization Type
· Large Enterprises
· Small & Medium Enterprises
Blockchain Technology Market Regional Overview
Region-wise, in terms of regions, The North America regional market dominated the worldwide market share of the global revenue. The increasing adoption of blockchain technology by organizations within the region is driving the regional market growth. Industries, like government, retail, and BFSI, are implementing payment and pocketbook solutions, good contracts, and digital identity detection solutions, that are making the necessity for blockchain technologies. Moreover, the rise within the use of cryptocurrency among the individuals in North America is additionally one in every of the most important factors accentuating the regional market growth. On the other hand, the market in Asia Pacific is anticipated to grow at the fastest CAGR over the forecast period. The governments of countries, like China, Japan, and India, are promoting the use of blockchain technology. This is in the main due to the advantages, like high transparency and exaggerated potency, offered by this technology to multiple industries.
Blockchain Technology Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Blockchain Technology Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Blockchain Technology are highlighted below.
· In 2023, Circle internet financial limited completed the acquisition of SeedInvest, associate equity crowdfunding platform. The acquisition was aimed toward delivering a token marketplace that may allow people and businesses to boost capital and move with investors through the open crypto infrastructure.
Blockchain Technology Market, Key Players
· IBM Corp.
· Microsoft Corp.
· The Linux Foundation
· BTL Group Ltd.
· Chain, Inc.
· Circle Internet Financial Ltd.
· Deloitte Touche Tohmatsu Ltd.
· Digital Asset Holdings, LLC
· Global Arena Holding, Inc. (GAHI)
· Monax
· Ripple
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Blockchain Technology market during the forecast period?
Blockchain Technology market is expected to record a CAGR of ~ xx% during the forecast period
Q2. Which segment is projected to hold the largest share in the Blockchain Technology Market?
Digital Identity segment is projected to hold the largest share in the Blockchain Technology Market
Q3. What are the driving factors for the Blockchain Technology market?
The high growth rate of blockchain market embrace increasing venture capital funding and investment in blockchain technology are key factors that boost the growth of the Blockchain Technology market progressively.
Q4. Which Segments are covered in the Blockchain Technology market report?
Component, Application, Organization Size and Region, these segments are covered in the Blockchain Technology market report
Q5. Which are the prominent players offering Blockchain Technology?
IBM Corp., Microsoft Corp., The Linux Foundation, BTL Group Ltd., Chain, Inc., Circle Internet Financial Ltd., Deloitte Touche Tohmatsu Ltd., Digital Asset Holdings, LLC, Global Arena Holding, Inc. (GAHI), Monax, Ripple are some of the key players offering Blockchain Technology.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Blockchain Technology Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Component
- 5.2.1. Platforms
- 5.2.2. Services
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Digital Identity
- 5.3.2. Payments
- 5.4. Market Analysis, Insights and Forecast – By Organization Size
- 5.4.1. Large Enterprises
- 5.4.2. Small & Medium Enterprises
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East, and Africa
6. North America Blockchain Technology Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Component
- 6.2.1. Platforms
- 6.2.2. Services
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Digital Identity
- 6.3.2. Payments
- 6.4. Market Analysis, Insights and Forecast – By Organization Size
- 6.4.1. Large Enterprises
- 6.4.2. Small & Medium Enterprises
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Blockchain Technology Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Component
- 7.2.1. Platforms
- 7.2.2. Services
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Digital Identity
- 7.3.2. Payments
- 7.4. Market Analysis, Insights and Forecast – By Organization Size
- 7.4.1. Large Enterprises
- 7.4.2. Small & Medium Enterprises
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Blockchain Technology Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Component
- 8.2.1. Platforms
- 8.2.2. Services
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Digital Identity
- 8.3.2. Payments
- 8.4. Market Analysis, Insights and Forecast – By Organization Size
- 8.4.1. Large Enterprises
- 8.4.2. Small & Medium Enterprises
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Blockchain Technology Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Component
- 9.2.1. Platforms
- 9.2.2. Services
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Digital Identity
- 9.3.2. Payments
- 9.4. Market Analysis, Insights and Forecast – By Organization Size
- 9.4.1. Large Enterprises
- 9.4.2. Small & Medium Enterprises
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. IBM Corp.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Microsoft Corp.
- 10.6. The Linux Foundation
- 10.7. BTL Group Ltd.
- 10.8. Chain, Inc.
- 10.9. Circle Internet Financial Ltd.
- 10.10. Deloitte Touche Tohmatsu Ltd.
- 10.11. Digital Asset Holdings, LLC
- 10.12. Global Arena Holding, Inc. (GAHI)
- 10.13. Monax
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
