Blockchain Technology Market Size, Share, Growth Analysis Report By Component (Platform, Services), By Provider (Application, Middleware, Infrastructure), By Organization (Large Enterprises, SMEs), By Application (Transportation and Logistics, Agriculture and Food, Energy and Utilities, BFSI, IT and Telecom, Government, Retail and Ecommerce, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- IBM
- AWS
- Intel
- Infosys
- NTT Data
- Others
Reports Description
The global blockchain technology market was estimated to be around USD 4.8 billion in 2021 and is expected to reach USD 69 billion by 2030, with a CAGR of roughly 68% between 2022 and 2030. The report examines blockchain technology’s market drivers and restraints and how they will affect demand over the forecast period. The paper also looks at international potential in the global blockchain sector.
Blockchain Technology Market: Overview
In your corporate network, you can track assets and transactions using a distributed database called a blockchain. The market for blockchain technology has increased due to the popularity of datebooks and information decentralization. The most well-known feature of blockchain is its importance in preserving secure, decentralized transaction records in cryptocurrency systems like Bitcoin. The goal of blockchain innovation is to establish trust without the aid of a reliable third party by guaranteeing the accuracy and security of data records.
Blockchain Technology Market: COVID–19 Impact Analysis
The COVID-19 epidemic impacts every aspect of society, including people and businesses. The Internet ecosystem is crucial to the global economy. Due to the COVID-19 pandemic, our reliance on internet commerce has grown significantly. BFSI, healthcare and life sciences, manufacturing, retail, transportation, logistics, and other industries offer consumer services online. Vendors have observed a rise in interest in blockchain technology marketplaces.
Various governments and regulators are mandating public and private firms adopt new teleporting practices and maintain social distancing during the COVID-19 pandemic. Due to the extensive use of mobile devices and the Internet worldwide, people are becoming more likely to adopt blockchain. Organizations are more susceptible to privacy issues due to these shifting patterns and scattered IT environments, which drive demand for blockchain technology solutions.
Blockchain Technology Market: Growth Drivers
Since the launch of Bitcoin, blockchain technology has expanded quickly and is now being used for trading at several financial institutions. Over the past several years, blockchain technology solutions have grown significantly in various corporate applications, including payments, exchanges, smart contracts, documents, and digital identities. This market has seen a large influx of start-ups who are now creating blockchain technology solutions.
Blockchain technology investment is growing as cryptocurrencies become legal. Additionally, we encourage market players to work harder to enhance their offerings to achieve a competitive edge. These companies’ efforts are anticipated to increase the effectiveness and efficiency of blockchain technology. Companies are working to combine blockchain technology with artificial intelligence (AI) capabilities to improve their products and open up new market expansion potential.
Blockchain Technology Market: Segmentation Analysis
The blockchain technology market is segregated based on component, provider, organization, and application.
Public cloud, private cloud, and hybrid cloud are three categories into which the global market is separated based on type. In 2021, the market was led by the public cloud sector. A public cloud blockchain shares computational resources with several other clients in a multi-tenant environment. Currently, numerous governmental organizations worldwide are fusing cloud technology with conventional methods. Public clouds are popular because they allow businesses to compete on price.
Based on its components, the market is segmented into apps and solutions, infrastructure and protocols, and middleware. In 2021, the infrastructure and protocol segment dominated the market. This segment’s rise is being driven by an increase in demand for blockchain standards and protocols like Ethereum, open chain, and hyper-leisure.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 4.8 Billion |
| Projected Market Size in 2030 | USD 69 Billion |
| CAGR Growth Rate | 68% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players |
|
| Key Segment |
By Provider, By Component, By Organization, By Application and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your research requirements. |
Key Insights:
- The blockchain technology market is anticipated to expand annually at a CAGR of almost 68% throughout the projected period, according to the data supplied by our research analyst (2022-2030).
- The blockchain technology market was estimated to be roughly USD 4.8 billion in 2021 and is expected to increase to USD 69 billion by 2030. Several driving factors are expected to drive the market’s growth significantly over the coming years.
- According to type segmentation, the public cloud will have the largest market share in 2021.
- According to component segmentation, the infrastructure and protocol sector was the top revenue-generating category 2021.
- Geographically speaking, the “North America” region generated the most income in 2021.
Recent Development
May 2021—Circle Internet Financial Ltd., a developer of blockchain technology, declared in May 2021 that it had secured $440 million from institutional and strategic investors. The business used these monies to grow both internally and externally.
Regional Landscape
According to estimates, North America holds the largest market share in the blockchain technology industry. The region’s market expansion is anticipated to be fueled by early blockchain adoption and the existence of numerous securities and blockchain technology solution providers. Businesses in the region are progressively implementing security and vulnerability management solutions to enable data security, prevent cyber attacks and industrial espionage, ensure data security and confidentiality, and promote business continuity. I am using it.
Competitive Landscape
The study’s in-depth competition analysis includes these major blockchain technology competitors, their business profiles, recent advancements, and important market strategies.
The global blockchain technology market is segmented as follows:
By Component
- Platform
- Services
By Provider
- Application
- Middleware
- Infrastructure
By Organization
- Large Enterprises
- SMEs
By Application
- Transportation and Logistics
- Agriculture and Food
- Energy and Utilities
- BFSI
- IT and Telecom
- Government
- Retail and E-commerce
- Others
Based on Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- 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 – 2030) (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 Increase in venture capitalist investments in blockchain technology
- 3.2.2 Driver 2
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Component
- 3.7.2 Market Attractiveness Analysis By Provider
- 3.7.3 Market Attractiveness Analysis By Organization
- 3.7.4 Market Attractiveness Analysis By Application
- 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, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Blockchain Technology Market: Component Analysis
- 5.1 Global Blockchain Technology Market Overview: By Component
- 5.1.1 Global Blockchain Technology Market Share, By Component, 2021 and 2030
- 5.2 Platform
- 5.2.1 Global Blockchain Technology Market by Platform, 2022 – 2030 (USD Billion)
- 5.3 Services
- 5.3.1 Global Blockchain Technology Market by Services, 2022 – 2030 (USD Billion)
- 5.1 Global Blockchain Technology Market Overview: By Component
- Chapter 6. Global Blockchain Technology Market: Provider Analysis
- 6.1 Global Blockchain Technology Market Overview: By Provider
- 6.1.1 Global Blockchain Technology Market Share, By Provider, 2021 and 2030
- 6.2 Application
- 6.2.1 Global Blockchain Technology Market by Application, 2022 – 2030 (USD Billion)
- 6.3 Middleware
- 6.3.1 Global Blockchain Technology Market by Middleware, 2022 – 2030 (USD Billion)
- 6.4 Infrastructure
- 6.4.1 Global Blockchain Technology Market by Infrastructure, 2022 – 2030 (USD Billion)
- 6.1 Global Blockchain Technology Market Overview: By Provider
- Chapter 7. Global Blockchain Technology Market: Organization Analysis
- 7.1 Global Blockchain Technology Market Overview: By Organization
- 7.1.1 Global Blockchain Technology Market Share, By Organization, 2021 and 2030
- 7.2 Large Enterprises
- 7.2.1 Global Blockchain Technology Market by Large Enterprises, 2022 – 2030 (USD Billion)
- 7.3 SMEs
- 7.3.1 Global Blockchain Technology Market by SMEs, 2022 – 2030 (USD Billion)
- 7.1 Global Blockchain Technology Market Overview: By Organization
- Chapter 8. Global Blockchain Technology Market: Application Analysis
- 8.1 Global Blockchain Technology Market Overview: By Application
- 8.1.1 Global Blockchain Technology Market Share, By Application, 2021 and 2030
- 8.2 Transportation and Logistics
- 8.2.1 Global Blockchain Technology Market by Transportation and Logistics, 2022 – 2030 (USD Billion)
- 8.3 Agriculture and Food
- 8.3.1 Global Blockchain Technology Market by Agriculture and Food, 2022 – 2030 (USD Billion)
- 8.4 Energy and Utilities
- 8.4.1 Global Blockchain Technology Market by Energy and Utilities, 2022 – 2030 (USD Billion)
- 8.5 BFSI
- 8.5.1 Global Blockchain Technology Market by BFSI, 2022 – 2030 (USD Billion)
- 8.6 IT and Telecom
- 8.6.1 Global Blockchain Technology Market by IT and Telecom, 2022 – 2030 (USD Billion)
- 8.7 Government
- 8.7.1 Global Blockchain Technology Market by Government, 2022 – 2030 (USD Billion)
- 8.8 Retail and E-commerce
- 8.8.1 Global Blockchain Technology Market by Retail and E-commerce, 2022 – 2030 (USD Billion)
- 8.9 Others
- 8.9.1 Global Blockchain Technology Market by Others, 2022 – 2030 (USD Billion)
- 8.1 Global Blockchain Technology Market Overview: By Application
- Chapter 9. Blockchain Technology Industry – Regional Analysis
-
- 9.1 Global Blockchain Technology Industry Regional Overview
- 9.2 Global Blockchain Technology Industry Share, by Region, 2021 & 2030 (USD Billion)
- 9.3. North America
- 9.3.1 North America Blockchain Technology Industry, 2022 – 2030 (USD Billion)
- 9.3.1.1 North America Blockchain Technology Industry, by Country, 2022 – 2030 (USD Billion)
- 9.3.1 North America Blockchain Technology Industry, 2022 – 2030 (USD Billion)
- 9.4 North America Blockchain Technology Industry, by Component, 2022 – 2030
- 9.4.1 North America Blockchain Technology Industry, by Component, 2022 – 2030 (USD Billion)
- 9.5 North America Blockchain Technology Industry, by Provider, 2022 – 2030
- 9.5.1 North America Blockchain Technology Industry, by Provider, 2022 – 2030 (USD Billion)
- 9.6 North America Blockchain Technology Industry, by Organization, 2022 – 2030
- 9.6.1 North America Blockchain Technology Industry, by Organization, 2022 – 2030 (USD Billion)
- 9.7 North America Blockchain Technology Industry, by Application, 2022 – 2030
- 9.7.1 North America Blockchain Technology Industry, by Application, 2022 – 2030 (USD Billion)
- 9.8. Europe
- 9.8.1 Europe Blockchain Technology Industry, 2022 – 2030 (USD Billion)
- 9.8.1.1 Europe Blockchain Technology Industry, by Country, 2022 – 2030 (USD Billion)
- 9.8.1 Europe Blockchain Technology Industry, 2022 – 2030 (USD Billion)
- 9.9 Europe Blockchain Technology Industry, by Component, 2022 – 2030
- 9.9.1 Europe Blockchain Technology Industry, by Component, 2022 – 2030 (USD Billion)
- 9.10 Europe Blockchain Technology Industry, by Provider, 2022 – 2030
- 9.10.1 Europe Blockchain Technology Industry, by Provider, 2022 – 2030 (USD Billion)
- 9.11 Europe Blockchain Technology Industry, by Organization, 2022 – 2030
- 9.11.1 Europe Blockchain Technology Industry, by Organization, 2022 – 2030 (USD Billion)
- 9.12 Europe Blockchain Technology Industry, by Application, 2022 – 2030
- 9.12.1 Europe Blockchain Technology Industry, by Application, 2022 – 2030 (USD Billion)
- 9.13. Asia Pacific
- 9.13.1 Asia Pacific Blockchain Technology Industry, 2022 – 2030 (USD Billion)
- 9.13.1.1 Asia Pacific Blockchain Technology Industry, by Country, 2022 – 2030 (USD Billion)
- 9.13.1 Asia Pacific Blockchain Technology Industry, 2022 – 2030 (USD Billion)
- 9.14 Asia Pacific Blockchain Technology Industry, by Component, 2022 – 2030
- 9.14.1 Asia Pacific Blockchain Technology Industry, by Component, 2022 – 2030 (USD Billion)
- 9.15 Asia Pacific Blockchain Technology Industry, by Provider, 2022 – 2030
- 9.15.1 Asia Pacific Blockchain Technology Industry, by Provider, 2022 – 2030 (USD Billion)
- 9.16 Asia Pacific Blockchain Technology Industry, by Organization, 2022 – 2030
- 9.16.1 Asia Pacific Blockchain Technology Industry, by Organization, 2022 – 2030 (USD Billion)
- 9.17 Asia Pacific Blockchain Technology Industry, by Application, 2022 – 2030
- 9.17.1 Asia Pacific Blockchain Technology Industry, by Application, 2022 – 2030 (USD Billion)
- 9.18. Latin America
- 9.18.1 Latin America Blockchain Technology Industry, 2022 – 2030 (USD Billion)
- 9.18.1.1 Latin America Blockchain Technology Industry, by Country, 2022 – 2030 (USD Billion)
- 9.18.1 Latin America Blockchain Technology Industry, 2022 – 2030 (USD Billion)
- 9.19 Latin America Blockchain Technology Industry, by Component, 2022 – 2030
- 9.19.1 Latin America Blockchain Technology Industry, by Component, 2022 – 2030 (USD Billion)
- 9.20 Latin America Blockchain Technology Industry, by Provider, 2022 – 2030
- 9.20.1 Latin America Blockchain Technology Industry, by Provider, 2022 – 2030 (USD Billion)
- 9.21 Latin America Blockchain Technology Industry, by Organization, 2022 – 2030
- 9.21.1 Latin America Blockchain Technology Industry, by Organization, 2022 – 2030 (USD Billion)
- 9.22 Latin America Blockchain Technology Industry, by Application, 2022 – 2030
- 9.22.1 Latin America Blockchain Technology Industry, by Application, 2022 – 2030 (USD Billion)
- 9.23. The Middle-East and Africa
- 9.23.1 The Middle-East and Africa Blockchain Technology Industry, 2022 – 2030 (USD Billion)
- 9.23.1.1 The Middle-East and Africa Blockchain Technology Industry, by Country, 2022 – 2030 (USD Billion)
- 9.23.1 The Middle-East and Africa Blockchain Technology Industry, 2022 – 2030 (USD Billion)
- 9.24 The Middle-East and Africa Blockchain Technology Industry, by Component, 2022 – 2030
- 9.24.1 The Middle-East and Africa Blockchain Technology Industry, by Component, 2022 – 2030 (USD Billion)
- 9.25 The Middle-East and Africa Blockchain Technology Industry, by Provider, 2022 – 2030
- 9.25.1 The Middle-East and Africa Blockchain Technology Industry, by Provider, 2022 – 2030 (USD Billion)
- 9.26 The Middle-East and Africa Blockchain Technology Industry, by Organization, 2022 – 2030
- 9.26.1 The Middle-East and Africa Blockchain Technology Industry, by Organization, 2022 – 2030 (USD Billion)
- 9.27 The Middle-East and Africa Blockchain Technology Industry, by Application, 2022 – 2030
- 9.27.1 The Middle-East and Africa Blockchain Technology Industry, by Application, 2022 – 2030 (USD Billion)
- Chapter 10. Company Profiles
- 10.1 IBM
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 AWS
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 Intel
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 Infosys
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 NTT Data
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.1 IBM
List Of Figures
Figures No 1 to 33
List Of Tables
Tables No 1 to 102
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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List of the key players in the global blockchain technology market:
- IBM Corporation
- Microsoft Corporation
- The Linux Foundation
- Blockchain Tech LTD
- Chain
- Circle Internet Financial, LLC=
- Deloitte Touche Tohmatsu Limited
- Digital Asset Holdings, LLC
- Global Arena Holding, Inc. (GAHC)
- Monax Labs
- Ripple
- Others
FAQs
North America region will lead the global blockchain technology market during the forecast period 2022 to 2030.
The key factors driving the market are a rise in the number of funds and investments from venture capitalists in blockchain technology.
The key players operating in the blockchain technology market are IBM, AWS, Intel, Infosys, and NTT Data.
The global blockchain technology market is expanding growth with a CAGR of approximately 68% during the forecast period (2022 to 2030)
The global blockchain technology market size was valued at US$ 4.8 billion in 2021 and it is projected to reach around US$ 69 billion by 2030.