Blockchain Distributed Ledger Market Size, Share, Growth Report 2032

Blockchain Distributed Ledger Market Insights

Zion Market Research has published a report on the global Blockchain Distributed Ledger Market, estimating its value at USD 6.32 Billion in 2023, with projections indicating that it will reach USD 47.06 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 25% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Blockchain Distributed Ledger Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Blockchain Distributed Ledger Market: Outlook

Blockchain distributed ledger technology has influenced almost all sectors ranging from the BFSI sector to healthcare, telecommunications, power & energy, and supply chain sectors. Furthermore, the blockchain distributed ledger tool offers new insights pertaining to trading activities and financial investment strategies to its end-users. Apart from this, it also furnishes information about new ways of effectively managing cash, intellectual property, and property assets to customers. In addition to this, blockchain distributed ledger transactions offer myriad benefits including transaction integrity, disintermediation, ecosystem rationalization, low transaction charges, and traceability.

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Blockchain Distributed Ledger Market: Growth Dynamics

With digital technology becoming a catchphrase of the twenty-first century and online payments acquiring prominence in the BFSI sector, the blockchain distributed ledger market is projected to gain impetus in the next few years. Currently, cryptocurrency is garnering huge popularity as digital currency leading to massive acceptance of blockchain-distributed ledgers which function in a decentralized manner, thereby reducing the requirement of services of financial institutions such as banks. Furthermore, blockchain distributed ledger technology helps secure data sharing in real time and facilitates transparency in financial transactions. It also minimizes transaction as well as operating costs of firms. All these aspects will catalyze blockchain distributed ledger market expansion.

Moreover, the escalating necessity of cashless transactions owing to the rampant spread of COVID-19 ailment is predicted to boost the growth of the blockchain distributed ledger industry from 2021-2028. Reportedly, governments in developed countries are prompting the utilization of blockchain distributed ledger systems to curb corruption and increase the operational efficiency of financial transactions.  Nevertheless, rising cases of data breaches as well as data leaks can pose a big challenge to the growth of blockchain distributed ledger business globally.  

Blockchain Distributed Ledger Market: Report Scope

Blockchain Distributed Ledger Market: Regional Landscape

North America To Dominate Regional Market Growth By 2032

Growth of the blockchain distributed ledger industry in North America over the forecast timespan is owing to the humungous usage of blockchain distributed ledger systems by various banks & financial institutes in North America for improving the proficiency of payment clearing operations. Apart from this, an increase in blockchain distributed ledger technology service providers in North America will help the market gain a strong foothold in the region. Apart from this, various business houses in the sub-continent have identified the potential of blockchain distributed ledger systems and their ability to offer a seamless experience to end-users. Hence, they have adopted these systems for enhancing the efficiency of both their business applications as well as business operations. All these aforementioned factors will help the blockchain distributed ledger market explore new growth opportunities in the region.

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Blockchain Distributed Ledger Market: Report Scope

Blockchain Distributed Ledger Market: Competitive Landscape

Key players influencing the business sphere and profiled in the report are

• Earthport
• NTT DATA Corporation
• AlphaPoint
• Amazon Web Services, Inc.
• Auxesis Services & Technologies (P) Ltd.
• International Business Machines Corporation
• Intel Corporation
• Huawei Technologies Co., Ltd.
• Digital Asset Holdings
• LLC
• iXledger. 

The global Blockchain Distributed Ledger Market is segmented as follows:

By Type

• Private
• Public
• Hybrid

By End-User

• BFSI
• Manufacturing
• Government & Public
• Retail & E-Commerce
• Media & Entertainment
• Transportation & Logistics
• Healthcare
• Energy & Utilities

By Application

• Payments
• Smart Contracts
• Supply Chain Management
• Compliance Management
• Trade Finance

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa