|Market Size in 2021
|Market Forecast in 2028
|CAGR (in %)
|USD 3.3 Billion
|USD 60 Billion
Blockchain Technology Market
The global blockchain technology market is projected to grow owing to the rising demand for safer and more secure ways of financial transactions. Due to robust industrialization and digitization, world data is now being transferred online. This is driven due to the increased access to digital platforms and their efficiency in delivering outputs.
According to Zion Market Research, the global blockchain technology market size was worth around USD 3.3 billion in 2021 and is predicted to grow to around USD 60 billion by 2028 with a compound annual growth rate (CAGR) of roughly 44.5% between 2022 and 2028.
The global blockchain technology market is projected to be dominated by North America in the coming years because the region already has a high awareness rate about the technology and its benefits. Some of the leading blockchain technology providers are present in the USA which is one the major contributors to regional growth.
The global blockchain technology market houses players like Microsoft Corporation, BTL Group Ltd., IBM Corporation, Global Arena Holding, Circle Internet Financial Limited, Digital Asset Holdings, LLC, The Linux Foundation, Ripple