Blockchain Technology Market - Global Industry Analysis

Blockchain Technology Market By Application (Payments, Exchanges, Smart Contracts, Supply Chain Management, Digital Identity, and Others), By Type (Public Cloud, Hybrid Cloud, and Private Cloud), By Component (Infrastructure & Protocols, Application & Solution, and Middleware), By Enterprise Size (Small & Medium Enterprises, and Large Enterprises), By End-User (Government, Retail, Financial Services, Healthcare, Transport & Logistics, Media & Entertainment, and Others) - and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 06-Sep-2022 Category: Technology & Media Report Format : PDF Pages: 153 Report Code: ZMR-7059 Status : Published

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.

Description

Blockchain Technology Market: Industry Prospective

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 report analyzes the global blockchain technology market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the blockchain technology market.

Blockchain Technology Market: Overview

Blockchain is defined as a digital shared ledger that aids in recording transactions related to valuable assets of a business while also allowing the facility to track them. Assets, in this case, could be tangible for instance a car, a house, land, or cash or they could also be used for intangible assets like patents, intellectual property, branding, and copyright. As per the definition by International Business Machines (IBM), almost everything can be traded or tracked using a blockchain network resulting in reduced cost or risk for all the involved parties.

Blockchain in today's digitalized world is important because of the rampant growth in businesses across sectors. Since the economy and businesses to be more specific, run on information, it is important that the exchange of information is carried out with utmost ease, and as fast as possible without any hindrances or loss of data.

Blockchain technology is one of the most efficient ways of achieving this since it can provide accurate, shared, and complete data almost immediately by storing the information on a ledger that cannot be tampered with and can be accessed only by members who have the authority or required permission, thus maintaining the confidentiality of the information and avoiding any risk of the data going into wrong hands.

A network using blockchain is capable of more than sharing and producing data. In retrospect, it allows all the involved parties to have access to the same information with excellent transparency and no way of changing information once it is recorded. Some of the key elements of blockchain technology are the presence of a distributed network in which everyone in the network has access to the information, it contains immutable records meaning that once the data is recorded, it cannot be changed or modified. In case of an error, another entry has to be made to reverse the effects of the incorrect entry.

Global Blockchain Technology Market

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Key Insights

  • As per the analysis shared by our research analyst, the global blockchain technology market is estimated to grow annually at a CAGR of around 44.5% over the forecast period (2022-2028).
  •  In terms of revenue, the global blockchain technology market size was valued at around USD 3.3 billion in 2021 and is projected to reach USD 60 billion, by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
  • Based on component segmentation, infrastructure & protocols were predicted to show maximum market share in the year 2021
  • Based on end-user segmentation, financial services were the leading revenue-generating users in 2021.
  • On the basis of region, North America was the leading revenue generator in 2021

Covid-19 Impact:

The global market cap positively influenced the market cap. Even though there were some disturbances observed at the beginning of 2020 owing to various restrictions across the globe, more vendors were interested in adopting the technology to gain better control over transactions. Blockchain technology managed to get a lot of exposure during this time since the companies did not adopt the technology, and the global market managed to garner interest among organizations.

Blockchain Technology Market: Growth Drivers

demand for secure transactions to propel market growth increased the

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.

As a direct result of this, there is a drastic increase in the number of cyber-attacks to access the data present online with a number of malware, viruses, etc. being added to the global market daily. As per Statista, the number of malware attacks in the first half of 2022 reached over 2.8 billion. In 2021, the number was around 5.4 million. Owing to such reasons, companies and organizations are investing heavily in finding ways to upgrade their security systems.

For instance, the Times of India, a leading Indian news provider, stated that the companies providing cyber security insurance policies have witnessed huge growth margins as a result of increased cyber-attacks.

India is ranked third in the position of companies that witnessed large and dangerous cyber-attacks. Since blockchain technology is one of the most efficient ways of protecting company information, the global market cap is witnessing a high adoption trend. As per a report by Spendmenot, almost 80% of senior management across globally recognized companies view blockchain as an important technology in the favor of organization protection. Out of the 100 public large-scale companies, 81% have accepted using blockchain technology.

Blockchain Technology Market: Restraints

Changing government regulation across regions to restrict the market growth

The global market cap size is projected to witness some restrictions in the growth journey owing to uncertain and changing resolutions across regions. There is a lot of ambiguity around the technology because of the lack of transparency in the systems. For any payment-related technology, it is necessary that the process and related systems are recognized formally and pass the regulatory modes of the region. However, issues, like compatibility, and standardization have led to the technology not gaining the necessary acknowledgment in various countries.

Blockchain Technology Market: Opportunities

Growing trends involving blockchain technology to provide growth opportunities

The global blockchain technology market is projected to gain more growth opportunities owing to the various recent trends observed in the market. Some of these inclinations involve topics like non-fungible tokens (NFTs) that started to gain traction by 2021, coupled with rising discussions about the Metaverse, a virtual world providing users with an exceptionally advanced experience.

Another contributor to more growth opportunities is the rising blockchain-as-a-service (Baas) system. These factors are expected to help the global market grow further.

Blockchain Technology Market: Challenges

The cynical use of blockchain technology to challenge market growth

The global market is expected to face major challenges due to various cynical uses of the technology for unpopular reasons like the dark web. Since the technology is highly developed making it one of the most sought-after systems in the current world, it is widely used by various harmful elements that may not necessarily have the right intentions resulting in the technology gaining unfavorable reviews from the users.

Blockchain Technology Market: Segmentation

The global blockchain technology market is segmented by application, type, component, enterprise size, end-user, and region.

Based on application, the global market is segmented into payments, exchanges, smart contracts, supply chain management, digital identity, and others. Currently, supply chain management leads the global market owing to the excellent outputs provided by the technology in this segment. As of 2025, the global blockchain supply chain management market is projected to reach USD 9.8 billion mainly driven by the rise in the e-commerce industry and the subsequent need for better management of the supply chain.

Based on type, the global market is divided into public cloud, hybrid cloud, and private cloud. 60.05% of the global market share was led by the public cloud type which is essentially a multi-user environment where the service is shared between many clients. The segmental growth could be attributed to the rising interest of government agencies in adopting technology for furthering their services and access to information in real time.

Based on components, the global market segments are infrastructure & protocols, application & Solution, and middleware. The highest revenue in the global market was generated from the infrastructure & protocols segment with over 61.91% of the market share. The growth is attributed to the increasing use of technologies like Hyperledger, Ethereum, and Openchain owing to the rising demand from consumers for protocols to improve information reliability.

By enterprise size, small & medium enterprises, and large enterprises are the two global market segments with large enterprises leading the way. More than 68% of the global market was dominated by industry giants owing to the vast number of stakeholders involved and the presence of immense trackable information. Since blockchain technology allows multiple tasks like tracking and payment modes, the technology has gained favorable views from large-scale consumers.

Based on end-user, the global market is segmented into government, retail, financial services healthcare, transport & logistics, media & entertainment, and others. 38% of the market revenue was generated from the financial services segment because of the technology’s assistance in providing safe and secure transactions without comprising any aspect of the data.

Recent Developments:

  • In March 2021, Amazon Web Services (AWS), a blockchain system managed by e-commerce giant Amazon, announced the wide availability of Ethereum on its platform. The newly available platform Ethereum is one of the leading blockchain platforms across the world. It is a decentralized system that allows a peer-to-peer network and safely executes smart contracts.
  • In October 2020, Accenture & Digital ventures launched a new blockchain solution, especially for supply chain management in the Thailand market. The technology was co-developed by the teams in both the companies involved and is incorporated in R3’s open-source platform, Corda.

Blockchain Technology Market Report Scope:

Report Attributes Report Details
Report Name Blockchain Technology Market Research Report
Number of Pages 153
Key Companies Covered Microsoft Corporation, BTL Group Ltd., IBM Corporation, Global Arena Holding, Circle Internet Financial Limited, Digital Asset Holdings, LLC, The Linux Foundation, Ripple
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2021
Historical Year 2016 to 2020
Forecast Year 2022 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

 

Blockchain Technology Market: Regional Analysis

North America to generate the highest revenue in the projection period

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 of 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. There are more than 700 blockchain companies in the country that are constantly working toward building a larger consumer database along with the addition of new players on a regular basis.

The advanced economy of the country allows for more companies to adopt high-end technology in the processes and invest in further development. The US is also one of the leading nations that have regularized various blockchains and their related aspects, for instance, cryptocurrencies. The proactive and positive approach toward the technology is projected to help the region generate high revenues.

The rising prevalence of cyber-attacks and the need to secure them from such attacks is anticipated to contribute heavily to the growth graph. As per an article by BBC, more than 200 businesses in the USA reported a cyber-attack in 2021. Over 45% of US companies have been attacked by external digital factors as of 2021 as per Thales Data Threat Report.

Blockchain Technology Market: Competitive Analysis

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

The global blockchain technology market is segmented as follows:

By Application

  • Payments
  • Exchanges
  • Smart Contracts
  • Supply Chain Management
  • Digital Identity
  • Others

By Type 

  • Public Cloud
  • Hybrid Cloud
  • Private Cloud

By Component

  • Infrastructure & Protocols
  • Application & Solution
  • Middleware

By Enterprise Size

  • Small & Medium Enterprises
  • Large Enterprises

By End-User

  • Government
  • Retail
  • Financial Services
  • Healthcare
  • Transport & Logistics
  • Media & Entertainment
  • Others

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 Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Blockchain Technology Market, (2022 - 2028) (USD Billion)
    • 2.2 Global Blockchain Technology Market : snapshot
  • Chapter 3. Global Blockchain Technology Market - Industry Analysis
    • 3.1 Blockchain Technology Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 demand for secure transactions to propel market growth increased the
    • 3.3 Market Restraints
      • 3.3.1. Changing government regulation across regions to restrict the market growth
    • 3.4 Market Opportunities
      • 3.4.1. Growing trends involving blockchain technology to provide growth opportunities
    • 3.5 Market Challenges
      • 3.5.1. The cynical use of blockchain technology to challenge market growth
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Application
      • 3.7.2 Market attractiveness analysis By Type
      • 3.7.3 Market attractiveness analysis By Component
      • 3.7.4 Market attractiveness analysis By Enterprise Size
      • 3.7.5 Market attractiveness analysis By End-User
  • Chapter 4. Global Blockchain Technology Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Blockchain Technology Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Blockchain Technology Market - Application Analysis
    • 5.1 Global Blockchain Technology Market overview: By Application
      • 5.1.1 Global Blockchain Technology Market share, By Application, 2021 and 2028
    • 5.2 Payments
      • 5.2.1 Global Blockchain Technology Market by Payments, 2022 - 2028 (USD Billion)
    • 5.3 Exchanges
      • 5.3.1 Global Blockchain Technology Market by Exchanges, 2022 - 2028 (USD Billion)
    • 5.4 Smart Contracts
      • 5.4.1 Global Blockchain Technology Market by Smart Contracts, 2022 - 2028 (USD Billion)
    • 5.5 Supply Chain Management
      • 5.5.1 Global Blockchain Technology Market by Supply Chain Management, 2022 - 2028 (USD Billion)
    • 5.6 Digital Identity
      • 5.6.1 Global Blockchain Technology Market by Digital Identity, 2022 - 2028 (USD Billion)
    • 5.7 Others
      • 5.7.1 Global Blockchain Technology Market by Others, 2022 - 2028 (USD Billion)
  • Chapter 6. Global Blockchain Technology Market - Type Analysis
    • 6.1 Global Blockchain Technology Market overview: By Type
      • 6.1.1 Global Blockchain Technology Market share, By Type , 2021 and 2028
    • 6.2 Public Cloud
      • 6.2.1 Global Blockchain Technology Market by Public Cloud, 2022 - 2028 (USD Billion)
    • 6.3 Hybrid Cloud
      • 6.3.1 Global Blockchain Technology Market by Hybrid Cloud, 2022 - 2028 (USD Billion)
    • 6.4 Private Cloud
      • 6.4.1 Global Blockchain Technology Market by Private Cloud, 2022 - 2028 (USD Billion)
  • Chapter 7. Global Blockchain Technology Market - Component Analysis
    • 7.1 Global Blockchain Technology Market overview: By Component
      • 7.1.1 Global Blockchain Technology Market share, By Component, 2021 and 2028
    • 7.2 Infrastructure & Protocols
      • 7.2.1 Global Blockchain Technology Market by Infrastructure & Protocols, 2022 - 2028 (USD Billion)
    • 7.3 Application & Solution
      • 7.3.1 Global Blockchain Technology Market by Application & Solution, 2022 - 2028 (USD Billion)
    • 7.4 Middleware
      • 7.4.1 Global Blockchain Technology Market by Middleware, 2022 - 2028 (USD Billion)
  • Chapter 8. Global Blockchain Technology Market - Enterprise Size Analysis
    • 8.1 Global Blockchain Technology Market overview: By Enterprise Size
      • 8.1.1 Global Blockchain Technology Market share, By Enterprise Size, 2021 and 2028
    • 8.2 Small & Medium Enterprises
      • 8.2.1 Global Blockchain Technology Market by Small & Medium Enterprises, 2022 - 2028 (USD Billion)
    • 8.3 Large Enterprises
      • 8.3.1 Global Blockchain Technology Market by Large Enterprises, 2022 - 2028 (USD Billion)
  • Chapter 9. Global Blockchain Technology Market - End-User Analysis
    • 9.1 Global Blockchain Technology Market overview: By End-User
      • 9.1.1 Global Blockchain Technology Market share, By End-User, 2021 and 2028
    • 9.2 Government
      • 9.2.1 Global Blockchain Technology Market by Government, 2022 - 2028 (USD Billion)
    • 9.3 Retail
      • 9.3.1 Global Blockchain Technology Market by Retail, 2022 - 2028 (USD Billion)
    • 9.4 Financial Services
      • 9.4.1 Global Blockchain Technology Market by Financial Services, 2022 - 2028 (USD Billion)
    • 9.5 Healthcare
      • 9.5.1 Global Blockchain Technology Market by Healthcare, 2022 - 2028 (USD Billion)
    • 9.6 Transport & Logistics
      • 9.6.1 Global Blockchain Technology Market by Transport & Logistics, 2022 - 2028 (USD Billion)
    • 9.7 Media & Entertainment
      • 9.7.1 Global Blockchain Technology Market by Media & Entertainment, 2022 - 2028 (USD Billion)
    • 9.8 Others
      • 9.8.1 Global Blockchain Technology Market by Others, 2022 - 2028 (USD Billion)
  • Chapter 10. Blockchain Technology Market - Regional Analysis
    • 10.1 Global Blockchain Technology Market Regional Overview
    • 10.2 Global Blockchain Technology Market Share, by Region, 2021 & 2028 (USD Billion)
    • 10.3. North America
      • 10.3.1 North America Blockchain Technology Market, 2022 - 2028 (USD Billion)
        • 10.3.1.1 North America Blockchain Technology Market, by Country, 2022 - 2028 (USD Billion)
    • 10.4 North America Blockchain Technology Market, by Application, 2022 - 2028
      • 10.4.1 North America Blockchain Technology Market, by Application, 2022 - 2028 (USD Billion)
    • 10.5 North America Blockchain Technology Market, by Type , 2022 - 2028
      • 10.5.1 North America Blockchain Technology Market, by Type , 2022 - 2028 (USD Billion)
    • 10.6 North America Blockchain Technology Market, by Component, 2022 - 2028
      • 10.6.1 North America Blockchain Technology Market, by Component, 2022 - 2028 (USD Billion)
    • 10.7 North America Blockchain Technology Market, by Enterprise Size, 2022 - 2028
      • 10.7.1 North America Blockchain Technology Market, by Enterprise Size, 2022 - 2028 (USD Billion)
    • 10.8 North America Blockchain Technology Market, by End-User, 2022 - 2028
      • 10.8.1 North America Blockchain Technology Market, by End-User, 2022 - 2028 (USD Billion)
    • 10.4. Europe
      • 10.4.2 Europe Blockchain Technology Market, 2022 - 2028 (USD Billion)
        • 10.4.2.1 Europe Blockchain Technology Market, by Country, 2022 - 2028 (USD Billion)
    • 10.4 Europe Blockchain Technology Market, by Application, 2022 - 2028
      • 10.4.1 Europe Blockchain Technology Market, by Application, 2022 - 2028 (USD Billion)
    • 10.5 Europe Blockchain Technology Market, by Type , 2022 - 2028
      • 10.5.1 Europe Blockchain Technology Market, by Type , 2022 - 2028 (USD Billion)
    • 10.6 Europe Blockchain Technology Market, by Component, 2022 - 2028
      • 10.6.1 Europe Blockchain Technology Market, by Component, 2022 - 2028 (USD Billion)
    • 10.7 Europe Blockchain Technology Market, by Enterprise Size, 2022 - 2028
      • 10.7.1 Europe Blockchain Technology Market, by Enterprise Size, 2022 - 2028 (USD Billion)
    • 10.8 Europe Blockchain Technology Market, by End-User, 2022 - 2028
      • 10.8.1 Europe Blockchain Technology Market, by End-User, 2022 - 2028 (USD Billion)
    • 10.5. Asia Pacific
      • 10.5.3 Asia Pacific Blockchain Technology Market, 2022 - 2028 (USD Billion)
        • 10.5.3.1 Asia Pacific Blockchain Technology Market, by Country, 2022 - 2028 (USD Billion)
    • 10.4 Asia Pacific Blockchain Technology Market, by Application, 2022 - 2028
      • 10.4.1 Asia Pacific Blockchain Technology Market, by Application, 2022 - 2028 (USD Billion)
    • 10.5 Asia Pacific Blockchain Technology Market, by Type , 2022 - 2028
      • 10.5.1 Asia Pacific Blockchain Technology Market, by Type , 2022 - 2028 (USD Billion)
    • 10.6 Asia Pacific Blockchain Technology Market, by Component, 2022 - 2028
      • 10.6.1 Asia Pacific Blockchain Technology Market, by Component, 2022 - 2028 (USD Billion)
    • 10.7 Asia Pacific Blockchain Technology Market, by Enterprise Size, 2022 - 2028
      • 10.7.1 Asia Pacific Blockchain Technology Market, by Enterprise Size, 2022 - 2028 (USD Billion)
    • 10.8 Asia Pacific Blockchain Technology Market, by End-User, 2022 - 2028
      • 10.8.1 Asia Pacific Blockchain Technology Market, by End-User, 2022 - 2028 (USD Billion)
    • 10.6. Latin America
      • 10.6.4 Latin America Blockchain Technology Market, 2022 - 2028 (USD Billion)
        • 10.6.4.1 Latin America Blockchain Technology Market, by Country, 2022 - 2028 (USD Billion)
    • 10.4 Latin America Blockchain Technology Market, by Application, 2022 - 2028
      • 10.4.1 Latin America Blockchain Technology Market, by Application, 2022 - 2028 (USD Billion)
    • 10.5 Latin America Blockchain Technology Market, by Type , 2022 - 2028
      • 10.5.1 Latin America Blockchain Technology Market, by Type , 2022 - 2028 (USD Billion)
    • 10.6 Latin America Blockchain Technology Market, by Component, 2022 - 2028
      • 10.6.1 Latin America Blockchain Technology Market, by Component, 2022 - 2028 (USD Billion)
    • 10.7 Latin America Blockchain Technology Market, by Enterprise Size, 2022 - 2028
      • 10.7.1 Latin America Blockchain Technology Market, by Enterprise Size, 2022 - 2028 (USD Billion)
    • 10.8 Latin America Blockchain Technology Market, by End-User, 2022 - 2028
      • 10.8.1 Latin America Blockchain Technology Market, by End-User, 2022 - 2028 (USD Billion)
    • 10.7. The Middle-East and Africa
      • 10.7.5 The Middle-East and Africa Blockchain Technology Market, 2022 - 2028 (USD Billion)
        • 10.7.5.1 The Middle-East and Africa Blockchain Technology Market, by Country, 2022 - 2028 (USD Billion)
    • 10.4 The Middle-East and Africa Blockchain Technology Market, by Application, 2022 - 2028
      • 10.4.1 The Middle-East and Africa Blockchain Technology Market, by Application, 2022 - 2028 (USD Billion)
    • 10.5 The Middle-East and Africa Blockchain Technology Market, by Type , 2022 - 2028
      • 10.5.1 The Middle-East and Africa Blockchain Technology Market, by Type , 2022 - 2028 (USD Billion)
    • 10.6 The Middle-East and Africa Blockchain Technology Market, by Component, 2022 - 2028
      • 10.6.1 The Middle-East and Africa Blockchain Technology Market, by Component, 2022 - 2028 (USD Billion)
    • 10.7 The Middle-East and Africa Blockchain Technology Market, by Enterprise Size, 2022 - 2028
      • 10.7.1 The Middle-East and Africa Blockchain Technology Market, by Enterprise Size, 2022 - 2028 (USD Billion)
    • 10.8 The Middle-East and Africa Blockchain Technology Market, by End-User, 2022 - 2028
      • 10.8.1 The Middle-East and Africa Blockchain Technology Market, by End-User, 2022 - 2028 (USD Billion)
  • Chapter 11. Company Profiles
    • 11.1 Microsoft Corporation
      • 11.1.1 Overview
      • 11.1.2 Financials
      • 11.1.3 Product Portfolio
      • 11.1.4 Business Strategy
      • 11.1.5 Recent Developments
    • 11.2 BTL Group Ltd.
      • 11.2.1 Overview
      • 11.2.2 Financials
      • 11.2.3 Product Portfolio
      • 11.2.4 Business Strategy
      • 11.2.5 Recent Developments
    • 11.3 IBM Corporation
      • 11.3.1 Overview
      • 11.3.2 Financials
      • 11.3.3 Product Portfolio
      • 11.3.4 Business Strategy
      • 11.3.5 Recent Developments
    • 11.4 Global Arena Holding
      • 11.4.1 Overview
      • 11.4.2 Financials
      • 11.4.3 Product Portfolio
      • 11.4.4 Business Strategy
      • 11.4.5 Recent Developments
    • 11.5 Circle Internet Financial Limited
      • 11.5.1 Overview
      • 11.5.2 Financials
      • 11.5.3 Product Portfolio
      • 11.5.4 Business Strategy
      • 11.5.5 Recent Developments
    • 11.6 Digital Asset Holdings LLC
      • 11.6.1 Overview
      • 11.6.2 Financials
      • 11.6.3 Product Portfolio
      • 11.6.4 Business Strategy
      • 11.6.5 Recent Developments
    • 11.7 The Linux Foundation
      • 11.7.1 Overview
      • 11.7.2 Financials
      • 11.7.3 Product Portfolio
      • 11.7.4 Business Strategy
      • 11.7.5 Recent Developments
    • 11.8 Ripple
      • 11.8.1 Overview
      • 11.8.2 Financials
      • 11.8.3 Product Portfolio
      • 11.8.4 Business Strategy
      • 11.8.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Blockchain Technology Market, 2022 - 2028 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Blockchain Technology Market attractiveness, By Application
  • 6. Global Blockchain Technology Market attractiveness, By Type
  • 7. Global Blockchain Technology Market attractiveness, By Component
  • 8. Global Blockchain Technology Market attractiveness, By Enterprise Size
  • 9. Global Blockchain Technology Market attractiveness, By End-User
  • 10. Global Blockchain Technology Market share by Application, 2022 and 2028 (USD Billion)
  • 11. Global Blockchain Technology Market by Payments, 2022 - 2028 (USD Billion)
  • 12. Global Blockchain Technology Market by Exchanges, 2022 - 2028 (USD Billion)
  • 13. Global Blockchain Technology Market by Smart Contracts, 2022 - 2028 (USD Billion)
  • 14. Global Blockchain Technology Market by Supply Chain Management, 2022 - 2028 (USD Billion)
  • 15. Global Blockchain Technology Market by Digital Identity, 2022 - 2028 (USD Billion)
  • 16. Global Blockchain Technology Market by Others, 2022 - 2028 (USD Billion)
  • 17. Global Blockchain Technology Market share by Type , 2022 and 2028 (USD Billion)
  • 18. Global Blockchain Technology Market by Public Cloud, 2022 - 2028 (USD Billion)
  • 19. Global Blockchain Technology Market by Hybrid Cloud, 2022 - 2028 (USD Billion)
  • 20. Global Blockchain Technology Market by Private Cloud, 2022 - 2028 (USD Billion)
  • 21. Global Blockchain Technology Market share by Component, 2022 and 2028 (USD Billion)
  • 22. Global Blockchain Technology Market by Infrastructure & Protocols, 2022 - 2028 (USD Billion)
  • 23. Global Blockchain Technology Market by Application & Solution, 2022 - 2028 (USD Billion)
  • 24. Global Blockchain Technology Market by Middleware, 2022 - 2028 (USD Billion)
  • 25. Global Blockchain Technology Market share by Enterprise Size, 2022 and 2028 (USD Billion)
  • 26. Global Blockchain Technology Market by Small & Medium Enterprises, 2022 - 2028 (USD Billion)
  • 27. Global Blockchain Technology Market by Large Enterprises, 2022 - 2028 (USD Billion)
  • 28. Global Blockchain Technology Market share by End-User, 2022 and 2028 (USD Billion)
  • 29. Global Blockchain Technology Market by Government, 2022 - 2028 (USD Billion)
  • 30. Global Blockchain Technology Market by Retail, 2022 - 2028 (USD Billion)
  • 31. Global Blockchain Technology Market by Financial Services, 2022 - 2028 (USD Billion)
  • 32. Global Blockchain Technology Market by Healthcare, 2022 - 2028 (USD Billion)
  • 33. Global Blockchain Technology Market by Transport & Logistics, 2022 - 2028 (USD Billion)
  • 34. Global Blockchain Technology Market by Media & Entertainment, 2022 - 2028 (USD Billion)
  • 35. Global Blockchain Technology Market by Others, 2022 - 2028 (USD Billion)
  • 36. Global Blockchain Technology Market share, by Region, 2022 and 2028
  • 37. North America Blockchain Technology Market, 2022 - 2028 (USD Billion)
  • 38. Europe Blockchain Technology Market, 2022 - 2028 (USD Billion)
  • 39. Asia Pacific Blockchain Technology Market, 2022 - 2028 (USD Billion)
  • 40. Latin America Blockchain Technology Market, 2022 - 2028 (USD Billion)
  • 41. The Middle-East and Africa Blockchain Technology Market, 2022 - 2028 (USD Billion)

Table Of Tables

  • 1. Global Blockchain Technology Market: Snapshot
  • 2. Drivers of the Blockchain Technology Market: impact analysis
  • 3. North America Blockchain Technology Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 4. North America Blockchain Technology Market revenue, By Type , 2022 - 2028 (USD Billion)
  • 5. North America Blockchain Technology Market revenue, By Component, 2022 - 2028 (USD Billion)
  • 6. North America Blockchain Technology Market revenue, By Enterprise Size, 2022 - 2028 (USD Billion)
  • 7. North America Blockchain Technology Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 8. U.S. Blockchain Technology Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 9. U.S. Blockchain Technology Market revenue, By Type , 2022 - 2028 (USD Billion)
  • 10. U.S. Blockchain Technology Market revenue, By Component, 2022 - 2028 (USD Billion)
  • 11. U.S. Blockchain Technology Market revenue, By Enterprise Size, 2022 - 2028 (USD Billion)
  • 12. U.S. Blockchain Technology Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 13. Canada Blockchain Technology Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 14. Canada Blockchain Technology Market revenue, By Type , 2022 - 2028 (USD Billion)
  • 15. Canada Blockchain Technology Market revenue, By Component, 2022 - 2028 (USD Billion)
  • 16. Canada Blockchain Technology Market revenue, By Enterprise Size, 2022 - 2028 (USD Billion)
  • 17. Canada Blockchain Technology Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 18. Europe Blockchain Technology Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 19. Europe Blockchain Technology Market revenue, By Type , 2022 - 2028 (USD Billion)
  • 20. Europe Blockchain Technology Market revenue, By Component, 2022 - 2028 (USD Billion)
  • 21. Europe Blockchain Technology Market revenue, By Enterprise Size, 2022 - 2028 (USD Billion)
  • 22. Europe Blockchain Technology Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 23. Germany Blockchain Technology Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 24. Germany Blockchain Technology Market revenue, By Type , 2022 - 2028 (USD Billion)
  • 25. Germany Blockchain Technology Market revenue, By Component, 2022 - 2028 (USD Billion)
  • 26. Germany Blockchain Technology Market revenue, By Enterprise Size, 2022 - 2028 (USD Billion)
  • 27. Germany Blockchain Technology Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 28. France Blockchain Technology Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 29. France Blockchain Technology Market revenue, By Type , 2022 - 2028 (USD Billion)
  • 30. France Blockchain Technology Market revenue, By Component, 2022 - 2028 (USD Billion)
  • 31. France Blockchain Technology Market revenue, By Enterprise Size, 2022 - 2028 (USD Billion)
  • 32. France Blockchain Technology Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 33. U.K. Blockchain Technology Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 34. U.K. Blockchain Technology Market revenue, By Type , 2022 - 2028 (USD Billion)
  • 35. U.K. Blockchain Technology Market revenue, By Component, 2022 - 2028 (USD Billion)
  • 36. U.K. Blockchain Technology Market revenue, By Enterprise Size, 2022 - 2028 (USD Billion)
  • 37. U.K. Blockchain Technology Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 38. Italy Blockchain Technology Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 39. Italy Blockchain Technology Market revenue, By Type , 2022 - 2028 (USD Billion)
  • 40. Italy Blockchain Technology Market revenue, By Component, 2022 - 2028 (USD Billion)
  • 41. Italy Blockchain Technology Market revenue, By Enterprise Size, 2022 - 2028 (USD Billion)
  • 42. Italy Blockchain Technology Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 43. Spain Blockchain Technology Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 44. Spain Blockchain Technology Market revenue, By Type , 2022 - 2028 (USD Billion)
  • 45. Spain Blockchain Technology Market revenue, By Component, 2022 - 2028 (USD Billion)
  • 46. Spain Blockchain Technology Market revenue, By Enterprise Size, 2022 - 2028 (USD Billion)
  • 47. Spain Blockchain Technology Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 48. Rest of Europe Blockchain Technology Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 49. Rest of Europe Blockchain Technology Market revenue, By Type , 2022 - 2028 (USD Billion)
  • 50. Rest of Europe Blockchain Technology Market revenue, By Component, 2022 - 2028 (USD Billion)
  • 51. Rest of Europe Blockchain Technology Market revenue, By Enterprise Size, 2022 - 2028 (USD Billion)
  • 52. Rest of Europe Blockchain Technology Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 53. Asia Pacific Blockchain Technology Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 54. Asia Pacific Blockchain Technology Market revenue, By Type , 2022 - 2028 (USD Billion)
  • 55. Asia Pacific Blockchain Technology Market revenue, By Component, 2022 - 2028 (USD Billion)
  • 56. Asia Pacific Blockchain Technology Market revenue, By Enterprise Size, 2022 - 2028 (USD Billion)
  • 57. Asia Pacific Blockchain Technology Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 58. China Blockchain Technology Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 59. China Blockchain Technology Market revenue, By Type , 2022 - 2028 (USD Billion)
  • 60. China Blockchain Technology Market revenue, By Component, 2022 - 2028 (USD Billion)
  • 61. China Blockchain Technology Market revenue, By Enterprise Size, 2022 - 2028 (USD Billion)
  • 62. China Blockchain Technology Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 63. Japan Blockchain Technology Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 64. Japan Blockchain Technology Market revenue, By Type , 2022 - 2028 (USD Billion)
  • 65. Japan Blockchain Technology Market revenue, By Component, 2022 - 2028 (USD Billion)
  • 66. Japan Blockchain Technology Market revenue, By Enterprise Size, 2022 - 2028 (USD Billion)
  • 67. Japan Blockchain Technology Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 68. India Blockchain Technology Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 69. India Blockchain Technology Market revenue, By Type , 2022 - 2028 (USD Billion)
  • 70. India Blockchain Technology Market revenue, By Component, 2022 - 2028 (USD Billion)
  • 71. India Blockchain Technology Market revenue, By Enterprise Size, 2022 - 2028 (USD Billion)
  • 72. India Blockchain Technology Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 73. South Korea Blockchain Technology Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 74. South Korea Blockchain Technology Market revenue, By Type , 2022 - 2028 (USD Billion)
  • 75. South Korea Blockchain Technology Market revenue, By Component, 2022 - 2028 (USD Billion)
  • 76. South Korea Blockchain Technology Market revenue, By Enterprise Size, 2022 - 2028 (USD Billion)
  • 77. South Korea Blockchain Technology Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 78. South-East Asia Blockchain Technology Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 79. South-East Asia Blockchain Technology Market revenue, By Type , 2022 - 2028 (USD Billion)
  • 80. South-East Asia Blockchain Technology Market revenue, By Component, 2022 - 2028 (USD Billion)
  • 81. South-East Asia Blockchain Technology Market revenue, By Enterprise Size, 2022 - 2028 (USD Billion)
  • 82. South-East Asia Blockchain Technology Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 83. Rest of Asia Pacific Blockchain Technology Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 84. Rest of Asia Pacific Blockchain Technology Market revenue, By Type , 2022 - 2028 (USD Billion)
  • 85. Rest of Asia Pacific Blockchain Technology Market revenue, By Component, 2022 - 2028 (USD Billion)
  • 86. Rest of Asia Pacific Blockchain Technology Market revenue, By Enterprise Size, 2022 - 2028 (USD Billion)
  • 87. Rest of Asia Pacific Blockchain Technology Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 88. Latin America Blockchain Technology Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 89. Latin America Blockchain Technology Market revenue, By Type , 2022 - 2028 (USD Billion)
  • 90. Latin America Blockchain Technology Market revenue, By Component, 2022 - 2028 (USD Billion)
  • 91. Latin America Blockchain Technology Market revenue, By Enterprise Size, 2022 - 2028 (USD Billion)
  • 92. Latin America Blockchain Technology Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 93. Brazil Blockchain Technology Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 94. Brazil Blockchain Technology Market revenue, By Type , 2022 - 2028 (USD Billion)
  • 95. Brazil Blockchain Technology Market revenue, By Component, 2022 - 2028 (USD Billion)
  • 96. Brazil Blockchain Technology Market revenue, By Enterprise Size, 2022 - 2028 (USD Billion)
  • 97. Brazil Blockchain Technology Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 98. Mexico Blockchain Technology Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 99. Mexico Blockchain Technology Market revenue, By Type , 2022 - 2028 (USD Billion)
  • 100. Mexico Blockchain Technology Market revenue, By Component, 2022 - 2028 (USD Billion)
  • 101. Mexico Blockchain Technology Market revenue, By Enterprise Size, 2022 - 2028 (USD Billion)
  • 102. Mexico Blockchain Technology Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 103. Rest of Latin America Blockchain Technology Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 104. Rest of Latin America Blockchain Technology Market revenue, By Type , 2022 - 2028 (USD Billion)
  • 105. Rest of Latin America Blockchain Technology Market revenue, By Component, 2022 - 2028 (USD Billion)
  • 106. Rest of Latin America Blockchain Technology Market revenue, By Enterprise Size, 2022 - 2028 (USD Billion)
  • 107. Rest of Latin America Blockchain Technology Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 108. The Middle-East and Africa Blockchain Technology Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 109. The Middle-East and Africa Blockchain Technology Market revenue, By Type , 2022 - 2028 (USD Billion)
  • 110. The Middle-East and Africa Blockchain Technology Market revenue, By Component, 2022 - 2028 (USD Billion)
  • 111. The Middle-East and Africa Blockchain Technology Market revenue, By Enterprise Size, 2022 - 2028 (USD Billion)
  • 112. The Middle-East and Africa Blockchain Technology Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 113. GCC Countries Blockchain Technology Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 114. GCC Countries Blockchain Technology Market revenue, By Type , 2022 - 2028 (USD Billion)
  • 115. GCC Countries Blockchain Technology Market revenue, By Component, 2022 - 2028 (USD Billion)
  • 116. GCC Countries Blockchain Technology Market revenue, By Enterprise Size, 2022 - 2028 (USD Billion)
  • 117. GCC Countries Blockchain Technology Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 118. South Africa Blockchain Technology Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 119. South Africa Blockchain Technology Market revenue, By Type , 2022 - 2028 (USD Billion)
  • 120. South Africa Blockchain Technology Market revenue, By Component, 2022 - 2028 (USD Billion)
  • 121. South Africa Blockchain Technology Market revenue, By Enterprise Size, 2022 - 2028 (USD Billion)
  • 122. South Africa Blockchain Technology Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 123. Rest of Middle-East Africa Blockchain Technology Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 124. Rest of Middle-East Africa Blockchain Technology Market revenue, By Type , 2022 - 2028 (USD Billion)
  • 125. Rest of Middle-East Africa Blockchain Technology Market revenue, By Component, 2022 - 2028 (USD Billion)
  • 126. Rest of Middle-East Africa Blockchain Technology Market revenue, By Enterprise Size, 2022 - 2028 (USD Billion)
  • 127. Rest of Middle-East Africa Blockchain Technology Market revenue, By End-User, 2022 - 2028 (USD Billion)

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FrequentlyAsked Questions

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

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