Blockchain Technology Market
Blockchain Technology Market Study by Solutions, Infrastructure & Protocols, and Middleware for Digital Identity, Exchanges, Payments, Smart Contracts, and Supply Chain Management from 2024 to 2034
Analysis of Blockchain Technology Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Blockchain Technology Market Outlook (2024 to 2034)
The global blockchain technology market is projected to increase from a size of US$ 19.7 billion in 2024 to 2,450.4 billion by the end of 2034, expanding rapidly at a CAGR of 62% between 2024 and 2034.
The key contributor to the expansion of the blockchain market is the widespread implementation of this technology across various sectors such as BFSI, entertainment, healthcare, and media. Blockchain solutions are being increasingly adopted for making payments as well as for creating digital identities and smart contracts.
The rise in venture capital investments in blockchain technology start-ups is another factor contributing to market growth. The adoption of blockchain technology has been rising since the introduction of Bitcoin and is now being utilized by various financial institutions for transactions.
| Report Attributes | Details |
|---|---|
| Blockchain Technology Market Size (2024E) | US$ 19.7 Billion |
| Projected Market Value (2034F) | US$ 2,450.4 Billion |
| Global Market Growth Rate (2024 to 2034) | 62% CAGR |
| China Market Value (2034F) | US$ 268.9 Billion |
| Canada Market Growth Rate (2024 to 2034) | 62.7% CAGR |
| North America Market Share (2024E) | 23.9% |
| East Asia Market Value (2034F) | US$ 566 Billion |
| Key Companies Profiled |
|
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What’s Leading to Swift Blockchain Technology Market Expansion?
“Increasing Acceptance of Cryptocurrency by Various Merchants as Mode of Payment”
Acceptance of cryptocurrency as a payment mode by companies such as PayPal and Xbox is one of the key blockchain technology market trends. Various restaurants are entering into partnerships with cryptocurrency solution providers to facilitate cryptocurrency-based payments to their customers.
- For instance, in 2021, Bakkt Holdings LLC, which is a digital asset marketplace, declared its partnership with Quiznos, a Quick-service Restaurant (QSR), to launch its physical location pilot. This pilot allowed the customers of Quiznos to pay with Bitcoin at select locations.
The legalization of cryptocurrency encourages businesses and investors to invest more in blockchain technology. It also encourages market players to make more efforts to improve their services to gain a competitive edge. These efforts made by companies are projected to make blockchain technology more effective and efficient in the near future. DeFi, or decentralized finance, is an emerging financial technology based on blockchain that reduces the control banks have over financial services and transactions.
What Challenges are Encountered by Blockchain Technology Solution Providers?
“Lack of Skilled Professionals to Address Risk Factors Associated with Blockchain Technology”
Digital transformation in industries has amplified the risk of various threats and cyberattacks. Organizations face a scarcity of skilled professionals to overcome the risk factors. The adoption of technologically advanced solutions has been slow and is projected to impact market growth over the next few years. Developing countries such as India, Peru, and Mexico are facing the issue of a lack of awareness about the risks regarding data protection. The adoption of this technology is projected to be stationary for a few years.
The absence of dedicated regulations governing the use of blockchain for fintech applications is holding back the growth of the market. Unlike Bitcoin, blockchain technology creates a distributed ledger with known participants who have been predefined and received the necessary KYC certifications. A financial unit is no longer necessary to begin and authorize transactions because of aspects including high transparency, an auditable transaction log, lesser infrastructure costs, and lower counterparty risks.
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Country-wise Insights
Fact.MR, a market research and competitive intelligence provider, through its newly published analysis that North America is projected to hold a 24.3% blockchain technology market share by 2034. Producers of blockchain technology have broadened their horizons, extending their operations to diverse global regions including Southeast Asia, Central and South America, and Australia.
How is the Regulatory Environment in the United States Supporting Market Growth?
“Favorable Government Regulations Supporting Blockchain Innovation and Research”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 2.1 Billion |
| Growth Rate (2024 to 2034) | 62.7% CAGR |
| Projected Value (2034F) | US$ 271.5 Billion |
The United States is estimated to occupy a leading share of the blockchain market in 2024. Early adoption of blockchain and the presence of several blockchain and security solution providers are expected to fuel blockchain technology market growth in the country. Companies in this nation have ramped up the deployment of security and management solutions to ensure data privacy, thus preventing cyberattacks for business continuity.
Government initiatives and favorable regulations governing the implementation of blockchain technology are significant market drivers. Also, businesses and consumers are well aware of the role of blockchain technology in streamlining processes and reducing costs. All of these factors are contributing to the expansion of the blockchain technology market size in the United States.
What Strategies are Adopted by Blockchain Technology Providers in China?
“Focus on Development of National Blockchain Platforms and Research Investments”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 2.2 Billion |
| Growth Rate (2024 to 2034) | 62% CAGR |
| Projected Value (2034F) | US$ 268.9 Billion |
The development and launch of national blockchain platforms, which are part of China's grand plan to lead the digital transformation of the world economy, is a key strategy. This is seen as a move similar to the “One Belt One Road Initiative” where China provides other countries with infrastructure support and gains a first-mover advantage.
Another strategy is the establishment of industry standards, tax incentives, and intellectual property protection to support the blockchain industry. This is coupled with the government’s support for blockchain firms and applications, which has boosted the use of the technology across the country.
China has dedicated significant resources to blockchain technology and made strides in assessing its potential within its own industries. For China, distributed ledger technology (DLT) is part of a broader technology vision that aims to position the country at the forefront of the global community. This vision has led to many innovation initiatives and has positioned China as a leader in the adoption of blockchain technology.
Category-wise Insights
Blockchain technology components are divided into three segments: applications & solutions, infrastructure & protocols, and middleware. Out of these three, the infrastructure & protocols segment is estimated to account for a leading market share of 60% in 2024. Middleware is also a crucial component of a blockchain network as it facilitates seamless communication between different networks and legacy systems. This enhances interoperability to a great extent.
Which Component Claims a Leading Share of the Blockchain Technology Market?
“Foundational Role of Infrastructure and Protocols in Blockchain”
| Attribute | Infrastructure & Protocols |
|---|---|
| Segment Value (2024E) | US$ 11.8 Billion |
| Growth Rate (2024 to 2034) | 60.9% CAGR |
| Projected Value (2034F) | US$ 1,370 Billion |
The infrastructure and protocols component claims a leading share of the market. This dominance is attributed to the foundational role that infrastructure and protocols play in blockchain technology. They provide the underlying architecture upon which various applications and solutions are built, making them indispensable to the functioning of the blockchain.
The blockchain protocol determines the rules for the operation of a blockchain network, and the infrastructure component encompasses the servers and nodes that support the operation of the network. They are the first point of innovation where advancements in scalability, interoperability, and security are made, thus driving their significance.
What Advantages of Public Cloud are Driving Extensive Adoption among Businesses?
“Growing Adoption of Public Cloud Driven by Scalability and Cost-Effectiveness”
| Attribute | Public Cloud |
|---|---|
| Segment Value (2024E) | US$ 12.2 Billion |
| Growth Rate (2024 to 2034) | 60.6% CAGR |
| Projected Value (2034F) | US$ 1,390 Billion |
Inherent characteristics of a public cloud such as scalability, cost-effectiveness, and accessibility are driving its adoption in blockchain technology networks. The ability to scale resources up or down based on demand makes the public cloud an attractive option for blockchain deployments. A public cloud facilitates efficient cost management, as its pay-as-you-go model eliminates the need for upfront capital investment in infrastructure. The aim of implementing a public cloud is to make blockchain technology more accessible to a broader range of enterprises.
A public cloud offers enables effective collaborations between distributed teams on blockchain projects and therefore enhances accessibility. Advancements in cloud s1ecurity are responsible for the widespread adoption of public cloud solutions. All of these factors in turn contribute to blockchain technology market growth.
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Competitive Landscape
Market growth is influenced by the ongoing demand for secure digital transactions across various industry verticals and governments worldwide. Key players in the blockchain technology industry are IBM Corp., Microsoft Corp., The Linux Foundation, BTL Group Ltd., Chain Inc., Monax, Ripple, and Global Arena Holding, Inc.
- In 2022, a partnership was formed between InfStones and Oracle to expedite the development of Web3. This collaboration involved the integration of InfStones’ premier blockchain development platform with the Oracle Cloud Infrastructure (OCI).
Key Segments of Blockchain Technology Market Research
-
By Component :
- Applications & Solutions
- Infrastructure & Protocols
- Middleware
-
By Type :
- Public
- Private
- Hybrid
-
By Application :
- Digital Identity
- Exchanges
- Payments
- Smart Contracts
- Supply Chain Management
-
By Enterprise Size :
- Large Enterprises
- Small & Medium Enterprises
-
By End Use :
- Financial Services
- Government
- Healthcare
- Media & Entertainment
- Retail
- Transportation & Logistics
- Travel
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Summary of Statistics 1.3. Key Market Characteristics & Attributes 1.4. Fact.MR Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Risks and Trends Assessment 3.1. Risk Assessment 3.1.1. COVID-19 Crisis and Impact on Demand 3.1.2. COVID-19 Impact Benchmark with Previous Crisis 3.1.3. Impact on Market Value (US$ Mn) 3.1.4. Assessment by Key Countries 3.1.5. Assessment by Key Market Segments 3.1.6. Action Points and Recommendation for Suppliers 3.2. Key Trends Impacting the Market 3.3. Formulation and Product Development Trends 4. Market Background 4.1. Market By Country, US$ Mn 4.2. Market Opportunity Assessment (US$ Mn) 4.2.1. Total Available Market 4.2.2. Serviceable Addressable Market 4.2.3. Serviceable Obtainable Market 4.3. Market Scenario Forecast 4.3.1. Demand in optimistic Scenario 4.3.2. Demand in Likely Scenario 4.3.3. Demand in Conservative Scenario 4.4. Investment Feasibility Analysis 4.4.1. Investment in Established Markets 4.4.1.1. In Short Term 4.4.1.2. In Long Term 4.4.2. Investment in Emerging Markets 4.4.2.1. In Short Term 4.4.2.2. In Long Term 4.5. Forecast Factors - Relevance & Impact 4.5.1. Top Companies Historical Growth 4.5.2. Global Market Growth 4.5.3. Adoption Rate, By Country 4.6. Market Dynamics 4.6.1. Market Driving Factors and Impact Assessment 4.6.2. Prominent Market Challenges and Impact Assessment 4.6.3. Market Opportunities 4.6.4. Prominent Trends in the Global Market & Their Impact Assessment 5. Key Success Factors 5.1. Manufacturers’ Focus on Low Penetration High Growth Markets 5.2. Banking on with Segments High Incremental Opportunity 5.3. Peer Benchmarking 6. Global Market Demand Analysis 2018-2023 and Forecast, 2024-2034 6.1. Historical Market Analysis, 2018-2023 6.2. Current and Future Market Projections, 2024-2034 6.3. Y-o-Y Growth Trend Analysis 7. Global Market Value Analysis 2018-2023 and Forecast, 2024-2034 7.1. Historical Market Value (US$ Mn) Analysis, 2018-2023 7.2. Current and Future Market Value (US$ Mn) Projections, 2024-2034 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Global Market Analysis 2018-2023 and Forecast 2024-2034, By Component 8.1. Introduction / Key Findings 8.2. Historical Market Value (US$ Mn) and Analysis By Component, 2018-2023 8.3. Current and Future Market Value (US$ Mn) and Analysis and Forecast By Component, 2024-2034 8.3.1. Application & Solution 8.3.2. Infrastructure & Protocols 8.3.3. Middleware 8.4. Market Attractiveness Analysis By Component 9. Global Market Analysis 2018-2023 and Forecast 2024-2034, By Enterprise Size 9.1. Introduction / Key Findings 9.2. Historical Market Value (US$ Mn) and Analysis By Enterprise Size, 2018-2023 9.3. Current and Future Market Value (US$ Mn) and Analysis and Forecast By Enterprise Size, 2024-2034 9.3.1. Large Enterprises 9.3.2. Small and Medium-Sized Enterprises 9.4. Market Attractiveness Analysis By Enterprise Size 10. Global Market Analysis 2018-2023 and Forecast 2024-2034, By Type 10.1. Introduction / Key Findings 10.2. Historical Market Value (US$ Mn) and Analysis By Type, 2018-2023 10.3. Current and Future Market Value (US$ Mn) and Analysis and Forecast By Type, 2024-2034 10.3.1. Public Cloud 10.3.2. Private Cloud 10.3.3. Hybrid Cloud 10.4. Market Attractiveness Analysis By Type 11. Global Market Analysis 2018-2023 and Forecast 2024-2034, By Application 11.1. Introduction / Key Findings 11.2. Historical Market Value (US$ Mn) and Analysis By Application, 2018-2023 11.3. Current and Future Market Value (US$ Mn) and Analysis and Forecast By Application, 2024-2034 11.3.1. Digital Identity 11.3.2. Exchanges 11.3.3. Payments 11.3.4. Smart Contracts 11.3.5. Supply Chain Management 11.3.6. Others 11.4. Market Attractiveness Analysis By Application 12. Global Market Analysis 2018-2023 and Forecast 2024-2034, By End-use 12.1. Introduction / Key Findings 12.2. Historical Market Value (US$ Mn) and Analysis By End-use, 2018-2023 12.3. Current and Future Market Value (US$ Mn) and Analysis and Forecast By End-use, 2024-2034 12.3.1. Financial Services 12.3.2. Government 12.3.3. Healthcare 12.3.4. Media & Entertainment 12.3.5. Retail 12.3.6. Transportation & Logistics 12.3.7. Travel 12.3.8. Others 12.4. Market Attractiveness Analysis By End-use 13. Global Market Analysis 2018-2023 and Forecast 2024-2034, By Region 13.1. Introduction 13.2. Historical Market Value (US$ Mn) and Analysis By Region, 2018-2023 13.3. Current Market Size (US$ Mn) & Analysis and Forecast By Region, 2024-2034 13.3.1. North America 13.3.2. Latin America 13.3.3. Europe 13.3.4. Asia Pacific 13.3.5. Middle East and Africa (MEA) 13.4. Market Attractiveness Analysis By Region 14. North America Market Analysis 2018-2023 and Forecast 2024-2034 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Value (US$ Mn) and Trend Analysis By Market Taxonomy, 2018-2023 14.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2024-2034 14.4.1. By Country 14.4.1.1. U.S. 14.4.1.2. Canada 14.4.2. By Type 14.4.3. By Component 14.4.4. By Enterprise Size 14.4.5. By Application 14.4.6. By End-use 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Type 14.5.3. By Component 14.5.4. By Enterprise Size 14.5.5. By Application 14.5.6. By End-use 15. Latin America Market Analysis 2018-2023 and Forecast 2024-2034 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Value (US$ Mn) and Trend Analysis By Market Taxonomy, 2018-2023 15.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2024-2034 15.4.1. By Country 15.4.1.1. Brazil 15.4.1.2. Mexico 15.4.1.3. Rest of Latin America 15.4.2. By Type 15.4.3. By Component 15.4.4. By Enterprise Size 15.4.5. By Application 15.4.6. By End-use 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Type 15.5.3. By Component 15.5.4. By Enterprise Size 15.5.5. By Application 15.5.6. By End-use 16. Europe Market Analysis 2018-2023 and Forecast 2024-2034 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Value (US$ Mn) and Trend Analysis By Market Taxonomy, 2018-2023 16.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2024-2034 16.4.1. By Country 16.4.1.1. Germany 16.4.1.2. France 16.4.1.3. U.K. 16.4.1.4. Italy 16.4.1.5. Russia 16.4.1.6. Rest of Europe 16.4.2. By Type 16.4.3. By Component 16.4.4. By Enterprise Size 16.4.5. By Application 16.4.6. By End-use 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. By Type 16.5.3. By Component 16.5.4. By Enterprise Size 16.5.5. By Application 16.5.6. By End-use 17. Asia Pacific Market Analysis 2018-2023 and Forecast 2024-2034 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Market Value (US$ Mn) and Trend Analysis By Market Taxonomy, 2018-2023 17.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2024-2034 17.4.1. By Country 17.4.1.1. China 17.4.1.2. Japan 17.4.1.3. South Korea 17.4.1.4. Rest of Asia Pacific 17.4.2. By Type 17.4.3. By Component 17.4.4. By Enterprise Size 17.4.5. By Application 17.4.6. By End-use 17.5. Market Attractiveness Analysis 17.5.1. By Country 17.5.2. By Type 17.5.3. By Component 17.5.4. By Enterprise Size 17.5.5. By Application 17.5.6. By End-use 18. Middle East and Africa Market Analysis 2018-2023 and Forecast 2024-2034 18.1. Introduction 18.2. Pricing Analysis 18.3. Historical Market Value (US$ Mn) and Trend Analysis By Market Taxonomy, 2018-2023 18.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2024-2034 18.4.1. By Country 18.4.1.1. GCC Countries 18.4.1.2. South Africa 18.4.1.3. Turkey 18.4.1.4. Rest of Middle East and Africa 18.4.2. By Type 18.4.3. By Component 18.4.4. By Enterprise Size 18.4.5. By Application 18.4.6. By End-use 18.5. Market Attractiveness Analysis 18.5.1. By Country 18.5.2. By Type 18.5.3. By Component 18.5.4. By Enterprise Size 18.5.5. By Application 18.5.6. By End-use 19. Key Countries Market Analysis 2018-2023 and Forecast 2024-2034 19.1. Introduction 19.1.1. Market Value Proportion Analysis, By Key Countries 19.1.2. Global Vs. Country Growth Comparison 19.2. US Market Analysis 19.2.1. Value Proportion Analysis by Market Taxonomy 19.2.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034 19.2.2.1. By Type 19.2.2.2. By Component 19.2.2.3. By Enterprise Size 19.2.2.4. By Application 19.2.2.5. By End-use 19.3. Canada Market Analysis 19.3.1. Value Proportion Analysis by Market Taxonomy 19.3.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034 19.3.2.1. By Type 19.3.2.2. By Component 19.3.2.3. By Enterprise Size 19.3.2.4. By Application 19.3.2.5. By End-use 19.4. Mexico Market Analysis 19.4.1. Value Proportion Analysis by Market Taxonomy 19.4.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034 19.4.2.1. By Type 19.4.2.2. By Component 19.4.2.3. By Enterprise Size 19.4.2.4. By Application 19.4.2.5. By End-use 19.5. Brazil Market Analysis 19.5.1. Value Proportion Analysis by Market Taxonomy 19.5.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034 19.5.2.1. By Type 19.5.2.2. By Component 19.5.2.3. By Enterprise Size 19.5.2.4. By Application 19.5.2.5. By End-use 19.6. Germany Market Analysis 19.6.1. Value Proportion Analysis by Market Taxonomy 19.6.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034 19.6.2.1. By Type 19.6.2.2. By Component 19.6.2.3. By Enterprise Size 19.6.2.4. By Application 19.6.2.5. By End-use 19.7. France Market Analysis 19.7.1. Value Proportion Analysis by Market Taxonomy 19.7.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034 19.7.2.1. By Type 19.7.2.2. By Component 19.7.2.3. By Enterprise Size 19.7.2.4. By Application 19.7.2.5. By End-use 19.8. Italy Market Analysis 19.8.1. Value Proportion Analysis by Market Taxonomy 19.8.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034 19.8.2.1. By Type 19.8.2.2. By Component 19.8.2.3. By Enterprise Size 19.8.2.4. By Application 19.8.2.5. By End-use 19.9. Russia Market Analysis 19.9.1. Value Proportion Analysis by Market Taxonomy 19.9.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034 19.9.2.1. By Type 19.9.2.2. By Component 19.9.2.3. By Enterprise Size 19.9.2.4. By Application 19.9.2.5. By End-use 19.10. UK Market Analysis 19.10.1. Value Proportion Analysis by Market Taxonomy 19.10.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034 19.10.2.1. By Type 19.10.2.2. By Component 19.10.2.3. By Enterprise Size 19.10.2.4. By Application 19.10.2.5. By End-use 19.11. China Market Analysis 19.11.1. Value Proportion Analysis by Market Taxonomy 19.11.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034 19.11.2.1. By Type 19.11.2.2. By Component 19.11.2.3. By Enterprise Size 19.11.2.4. By Application 19.11.2.5. By End-use 19.12. Japan Market Analysis 19.12.1. Value Proportion Analysis by Market Taxonomy 19.12.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034 19.12.2.1. By Type 19.12.2.2. By Component 19.12.2.3. By Enterprise Size 19.12.2.4. By Application 19.12.2.5. By End-use 19.13. South Korea Market Analysis 19.13.1. Value Proportion Analysis by Market Taxonomy 19.13.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034 19.13.2.1. By Type 19.13.2.2. By Component 19.13.2.3. By Enterprise Size 19.13.2.4. By Application 19.13.2.5. By End-use 19.14. GCC Countries Market Analysis 19.14.1. Value Proportion Analysis by Market Taxonomy 19.14.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034 19.14.2.1. By Type 19.14.2.2. By Component 19.14.2.3. By Enterprise Size 19.14.2.4. By Application 19.14.2.5. By End-use 19.15. South Africa Market Analysis 19.15.1. Value Proportion Analysis by Market Taxonomy 19.15.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034 19.15.2.1. By Type 19.15.2.2. By Component 19.15.2.3. By Enterprise Size 19.15.2.4. By Application 19.15.2.5. By End-use 19.16. Turkey Market Analysis 19.16.1. Value Proportion Analysis by Market Taxonomy 19.16.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2034 19.16.2.1. By Type 19.16.2.2. By Component 19.16.2.3. By Enterprise Size 19.16.2.4. By Application 19.16.2.5. By End-use 19.16.3. Competition Landscape and Player Concentration in the Country 20. Market Structure Analysis 20.1. Market Analysis by Tier of Companies 20.2. Market Concentration 20.3. Market Share Analysis of Top Players 20.4. Market Presence Analysis 20.4.1. By Regional footprint of Players 20.4.2. Product footprint by Players 21. Competition Analysis 21.1. Competition Dashboard 21.2. Competition Benchmarking 21.3. Competition Deep Dive 21.3.1. IBM 21.3.1.1. Overview 21.3.1.2. Product Portfolio 21.3.1.3. Sales Footprint 21.3.1.4. Strategy Overview 21.3.2. DeloitteTouche Tohmatsu Limited 21.3.2.1. Overview 21.3.2.2. Product Portfolio 21.3.2.3. Sales Footprint 21.3.2.4. Strategy Overview 21.3.3. Microsoft 21.3.3.1. Overview 21.3.3.2. Product Portfolio 21.3.3.3. Sales Footprint 21.3.3.4. Strategy Overview 21.3.4. Linux Foundation 21.3.4.1. Overview 21.3.4.2. Product Portfolio 21.3.4.3. Sales Footprint 21.3.4.4. Strategy Overview 21.3.5. Monax 21.3.5.1. Overview 21.3.5.2. Product Portfolio 21.3.5.3. Sales Footprint 21.3.5.4. Strategy Overview 21.3.6. Ripple 21.3.6.1. Overview 21.3.6.2. Product Portfolio 21.3.6.3. Sales Footprint 21.3.6.4. Strategy Overview 21.3.7. Global Arena Holding 21.3.7.1. Overview 21.3.7.2. Product Portfolio 21.3.7.3. Sales Footprint 21.3.7.4. Strategy Overview 21.3.8. Digital Asset Holdings 21.3.8.1. Overview 21.3.8.2. Product Portfolio 21.3.8.3. Sales Footprint 21.3.8.4. Strategy Overview 21.3.9. BTL Group Ltd. 21.3.9.1. Overview 21.3.9.2. Product Portfolio 21.3.9.3. Sales Footprint 21.3.9.4. Strategy Overview 21.3.10. Circle Internet Financial Limited 21.3.10.1. Overview 21.3.10.2. Product Portfolio 21.3.10.3. Sales Footprint 21.3.10.4. Strategy Overview 22. Assumptions and Acronyms Used 23. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn), By Type, 2018-2023
Table 02: Global Market Value (US$ Mn), By Type, 2024-2034
Table 03: Global Market Value (US$ Mn), By Component, 2018-2023
Table 04: Global Market Value (US$ Mn), By Component, 2024-2034
Table 05: Global Market Value (US$ Mn), By Enterprise Size, 2018-2023
Table 06: Global Market Value (US$ Mn), By Enterprise Size, 2024-2034
Table 07: Global Market Value (US$ Mn), By End-use, 2018-2023
Table 08: Global Market Value (US$ Mn), By End-use, 2024-2034
Table 09: Global Market Value (US$ Mn), By Application, 2018-2023
Table 10: Global Market Value (US$ Mn), By Application, 2024-2034
Table 11: Global Market, By Region, 2018-2023
Table 12: Global Market, By Region, 2024-2034
Table 13: North America Market Value (US$ Mn), By Type, 2018-2023
Table 14: North America Market Value (US$ Mn), By Type, 2024-2034
Table 15: North America Market Value (US$ Mn), By Component, 2018-2023
Table 16: North America Market Value (US$ Mn), By Component, 2024-2034
Table 17: North America Market Value (US$ Mn), By Enterprise Size, 2018-2023
Table 18: North America Market Value (US$ Mn), By Enterprise Size, 2024-2034
Table 19: North America Market Value (US$ Mn), By End-use, 2018-2023
Table 20: North America Market Value (US$ Mn), By End-use, 2024-2034
Table 21: North America Market Value (US$ Mn), By Application, 2018-2023
Table 22: North America Market Value (US$ Mn), By Application, 2024-2034
Table 23: North America Market, By Country, 2018-2023
Table 24: North America Market, By Country, 2024-2034
Table 25: Latin America Market Value (US$ Mn), By Type, 2018-2023
Table 26: Latin America Market Value (US$ Mn), By Type, 2024-2034
Table 27: Latin America Market Value (US$ Mn), By Component, 2018-2023
Table 28: Latin America Market Value (US$ Mn), By Component, 2024-2034
Table 29: Latin America Market Value (US$ Mn), By Enterprise Size, 2018-2023
Table 30: Latin America Market Value (US$ Mn), By Enterprise Size, 2024-2034
Table 31: Latin America Market Value (US$ Mn), By End-use, 2018-2023
Table 32: Latin America Market Value (US$ Mn), By End-use, 2024-2034
Table 33: Latin America Market Value (US$ Mn), By Application, 2018-2023
Table 34: Latin America Market Value (US$ Mn), By Application, 2024-2034
Table 35: Latin America Market, By Country, 2018-2023
Table 36: Latin America Market, By Country, 2024-2034
Table 37: Europe Market Value (US$ Mn), By Type, 2018-2023
Table 38: Europe Market Value (US$ Mn), By Type, 2024-2034
Table 39: Europe Market Value (US$ Mn), By Component, 2018-2023
Table 40: Europe Market Value (US$ Mn), By Component, 2024-2034
Table 41: Europe Market Value (US$ Mn), By Enterprise Size, 2018-2023
Table 42: Europe Market Value (US$ Mn), By Enterprise Size, 2024-2034
Table 43: Europe Market Value (US$ Mn), By End-use, 2018-2023
Table 44: Europe Market Value (US$ Mn), By End-use, 2024-2034
Table 45: Europe Market Value (US$ Mn), By Application, 2018-2023
Table 46: Europe Market Value (US$ Mn), By Application, 2024-2034
Table 47: Europe Market, By Country, 2018-2023
Table 48: Europe Market, By Country, 2024-2034
Table 49: Asia Pacific Market Value (US$ Mn), By Type, 2018-2023
Table 50: Asia Pacific Market Value (US$ Mn), By Type, 2024-2034
Table 51: Asia Pacific Market Value (US$ Mn), By Component, 2018-2023
Table 52: Asia Pacific Market Value (US$ Mn), By Component, 2024-2034
Table 53: Asia Pacific Market Value (US$ Mn), By Enterprise Size, 2018-2023
Table 54: Asia Pacific Market Value (US$ Mn), By Enterprise Size, 2024-2034
Table 55: Asia Pacific Market Value (US$ Mn), By End-use, 2018-2023
Table 56: Asia Pacific Market Value (US$ Mn), By End-use, 2024-2034
Table 57: Asia Pacific Market Value (US$ Mn), By Application, 2018-2023
Table 58: Asia Pacific Market Value (US$ Mn), By Application, 2024-2034
Table 59: Asia Pacific Market, By Country, 2018-2023
Table 60: Asia Pacific Market, By Country, 2024-2034
Table 61: MEA Market Value (US$ Mn), By Type, 2018-2023
Table 62: MEA Market Value (US$ Mn), By Type, 2024-2034
Table 63: MEA Market Value (US$ Mn), By Component, 2018-2023
Table 64: MEA Market Value (US$ Mn), By Component, 2024-2034
Table 65: MEA Market Value (US$ Mn), By Enterprise Size, 2018-2023
Table 66: MEA Market Value (US$ Mn), By Enterprise Size, 2024-2034
Table 67: MEA Market Value (US$ Mn), By End-use, 2018-2023
Table 68: MEA Market Value (US$ Mn), By End-use, 2024-2034
Table 69: MEA Market Value (US$ Mn), By Application, 2018-2023
Table 70: MEA Market Value (US$ Mn), By Application, 2024-2034
Table 71: MEA Market, By Country, 2018-2023
Table 72: MEA Market, By Country, 2024-2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) and Year-on-Year Growth, 2018-2034
Figure 02: Global Market Absolute $ Historical Gain (2018-2023) and Opportunity (2024-2034), US$ Mn
Figure 03: Global Market Share, By Type, 2024 & 2034
Figure 04: Global Market Y-o-Y Growth Projections, By Type – 2024-2034
Figure 05: Global Market Attractiveness Index, By Type – 2024-2034
Figure 06: Global Market Share, By Component, 2024 & 2034
Figure 07: Global Market Y-o-Y Growth Projections, By Component – 2024-2034
Figure 08: Global Market Attractiveness Index, By Component – 2024-2034
Figure 09: Global Market Share, By End-use, 2024 & 2034
Figure 10: Global Market Y-o-Y Growth Projections, By End-use – 2024-2034
Figure 11: Global Market Attractiveness Index, By End-use – 2024-2034
Figure 12: Global Market Share, By Enterprise Size, 2024 & 2034
Figure 13: Global Market Y-o-Y Growth Projections, By Enterprise Size – 2024-2034
Figure 14: Global Market Attractiveness Index, By Enterprise Size – 2024-2034
Figure 15: Global Market Share, By Application, 2024 & 2034
Figure 16: Global Market Y-o-Y Growth Projections, By Application – 2024-2034
Figure 17: Global Market Attractiveness Index, By Application – 2024-2034
Figure 18: Global Market Share, By Region, 2024 & 2034
Figure 19: Global Market Y-o-Y Growth Projections, By Region – 2024-2034
Figure 20: Global Market Attractiveness Index, By Region – 2024-2034
Figure 21: North America Market Value (US$ Mn) and Year-on-Year Growth, 2018-2034
Figure 22: North America Market Absolute $ Historical Gain (2018-2023) and Opportunity (2024-2034), US$ Mn
Figure 23: North America Market Share, By Type, 2024 & 2034
Figure 24: North America Market Y-o-Y Growth Projections, By Type – 2024-2034
Figure 25: North America Market Attractiveness Index, By Type – 2024-2034
Figure 26: North America Market Share, By Component, 2024 & 2034
Figure 27: North America Market Y-o-Y Growth Projections, By Component – 2024-2034
Figure 28: North America Market Attractiveness Index, By Component – 2024-2034
Figure 29: North America Market Share, By End-use, 2024 & 2034
Figure 30: North America Market Y-o-Y Growth Projections, By End-use – 2024-2034
Figure 31: North America Market Attractiveness Index, By End-use – 2024-2034
Figure 32: North America Market Share, By Enterprise Size, 2024 & 2034
Figure 33: North America Market Y-o-Y Growth Projections, By Enterprise Size – 2024-2034
Figure 34: North America Market Attractiveness Index, By Enterprise Size – 2024-2034
Figure 35: North America Market Share, By Application, 2024 & 2034
Figure 36: North America Market Y-o-Y Growth Projections, By Application – 2024-2034
Figure 37: North America Market Attractiveness Index, By Application – 2024-2034
Figure 38: North America Market Share, By Country, 2024 & 2034
Figure 39: North America Market Y-o-Y Growth Projections, By Country – 2024-2034
Figure 40: North America Market Attractiveness Index, By Country – 2024-2034
Figure 41: Latin America Market Value (US$ Mn) and Year-on-Year Growth, 2018-2034
Figure 42: Latin America Market Absolute $ Historical Gain (2018-2023) and Opportunity (2024-2034), US$ Mn
Figure 43: Latin America Market Share, By Type, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projections, By Type – 2024-2034
Figure 45: Latin America Market Attractiveness Index, By Type – 2024-2034
Figure 46: Latin America Market Share, By Component, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections, By Component – 2024-2034
Figure 48: Latin America Market Attractiveness Index, By Component – 2024-2034
Figure 49: Latin America Market Share, By End-use, 2024 & 2034
Figure 50: Latin America Market Y-o-Y Growth Projections, By End-use – 2024-2034
Figure 51: Latin America Market Attractiveness Index, By End-use – 2024-2034
Figure 52: Latin America Market Share, By Enterprise Size, 2024 & 2034
Figure 53: Latin America Market Y-o-Y Growth Projections, By Enterprise Size – 2024-2034
Figure 54: Latin America Market Attractiveness Index, By Enterprise Size – 2024-2034
Figure 55: Latin America Market Share, By Application, 2024 & 2034
Figure 56: Latin America Market Y-o-Y Growth Projections, By Application – 2024-2034
Figure 57: Latin America Market Attractiveness Index, By Application – 2024-2034
Figure 58: Latin America Market Share, By Country, 2024 & 2034
Figure 59: Latin America Market Y-o-Y Growth Projections, By Country – 2024-2034
Figure 60: Latin America Market Attractiveness Index, By Country – 2024-2034
Figure 61: Europe Market Value (US$ Mn) and Year-on-Year Growth, 2018-2034
Figure 62: Europe Market Absolute $ Historical Gain (2018-2023) and Opportunity (2024-2034), US$ Mn
Figure 63: Europe Market Share, By Type, 2024 & 2034
Figure 64: Europe Market Y-o-Y Growth Projections, By Type – 2024-2034
Figure 65: Europe Market Attractiveness Index, By Type – 2024-2034
Figure 66: Europe Market Share, By Component, 2024 & 2034
Figure 67: Europe Market Y-o-Y Growth Projections, By Component – 2024-2034
Figure 68: Europe Market Attractiveness Index, By Component – 2024-2034
Figure 69: Europe Market Share, By End-use, 2024 & 2034
Figure 70: Europe Market Y-o-Y Growth Projections, By End-use – 2024-2034
Figure 71: Europe Market Attractiveness Index, By End-use – 2024-2034
Figure 72: Europe Market Share, By Enterprise Size, 2024 & 2034
Figure 73: Europe Market Y-o-Y Growth Projections, By Enterprise Size – 2024-2034
Figure 74: Europe Market Attractiveness Index, By Enterprise Size – 2024-2034
Figure 75: Europe Market Share, By Application, 2024 & 2034
Figure 76: Europe Market Y-o-Y Growth Projections, By Application – 2024-2034
Figure 77: Europe Market Attractiveness Index, By Application – 2024-2034
Figure 78: Europe Market Share, By Country, 2024 & 2034
Figure 79: Europe Market Y-o-Y Growth Projections, By Country – 2024-2034
Figure 80: Europe Market Attractiveness Index, By Country – 2024-2034
Figure 81: Asia Pacific Market Value (US$ Mn) and Year-on-Year Growth, 2018-2034
Figure 82: Asia Pacific Market Absolute $ Historical Gain (2018-2023) and Opportunity (2024-2034), US$ Mn
Figure 83: Asia Pacific Market Share, By Type, 2024 & 2034
Figure 84: Asia Pacific Market Y-o-Y Growth Projections, By Type – 2024-2034
Figure 85: Asia Pacific Market Attractiveness Index, By Type – 2024-2034
Figure 86: Asia Pacific Market Share, By Component, 2024 & 2034
Figure 87: Asia Pacific Market Y-o-Y Growth Projections, By Component – 2024-2034
Figure 88: Asia Pacific Market Attractiveness Index, By Component – 2024-2034
Figure 89: Asia Pacific Market Share, By End-use, 2024 & 2034
Figure 90: Asia Pacific Market Y-o-Y Growth Projections, By End-use – 2024-2034
Figure 91: Asia Pacific Market Attractiveness Index, By End-use – 2024-2034
Figure 92: Asia Pacific Market Share, By Enterprise Size, 2024 & 2034
Figure 93: Asia Pacific Market Y-o-Y Growth Projections, By Enterprise Size – 2024-2034
Figure 94: Asia Pacific Market Attractiveness Index, By Enterprise Size – 2024-2034
Figure 95: Asia Pacific Market Share, By Application, 2024 & 2034
Figure 96: Asia Pacific Market Y-o-Y Growth Projections, By Application – 2024-2034
Figure 97: Asia Pacific Market Attractiveness Index, By Application – 2024-2034
Figure 98: Asia Pacific Market Share, By Country, 2024 & 2034
Figure 99: Asia Pacific Market Y-o-Y Growth Projections, By Country – 2024-2034
Figure 100: Asia Pacific Market Attractiveness Index, By Country – 2024-2034
Figure 101: MEA Market Value (US$ Mn) and Year-on-Year Growth, 2018-2034
Figure 102: MEA Market Absolute $ Historical Gain (2018-2023) and Opportunity (2024-2034), US$ Mn
Figure 103: MEA Market Share, By Type, 2024 & 2034
Figure 104: MEA Market Y-o-Y Growth Projections, By Type – 2024-2034
Figure 105: MEA Market Attractiveness Index, By Type – 2024-2034
Figure 106: MEA Market Share, By Component, 2024 & 2034
Figure 107: MEA Market Y-o-Y Growth Projections, By Component – 2024-2034
Figure 108: MEA Market Attractiveness Index, By Component – 2024-2034
Figure 109: MEA Market Share, By End-use, 2024 & 2034
Figure 110: MEA Market Y-o-Y Growth Projections, By End-use – 2024-2034
Figure 111: MEA Market Attractiveness Index, By End-use – 2024-2034
Figure 112: MEA Market Share, By Enterprise Size, 2024 & 2034
Figure 113: MEA Market Y-o-Y Growth Projections, By Enterprise Size – 2024-2034
Figure 114: MEA Market Attractiveness Index, By Enterprise Size – 2024-2034
Figure 115: MEA Market Share, By Application, 2024 & 2034
Figure 116: MEA Market Y-o-Y Growth Projections, By Application – 2024-2034
Figure 117: MEA Market Attractiveness Index, By Application – 2024-2034
Figure 118: MEA Market Share, By Country, 2024 & 2034
Figure 119: MEA Market Y-o-Y Growth Projections, By Country – 2024-2034
Figure 120: MEA Market Attractiveness Index, By Country – 2024-2034
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- FAQs -
How big is the blockchain technology market in 2024?
The global blockchain technology market has been valued at US$ 19.7 in 2024.
What are the projections for blockchain technology for the decade?
The market for blockchain technology is projected to expand at 62% CAGR and reach US$ 2,450.4 billion by 2034.
What is the projected market growth rate in North America?
The market in North America is forecasted to expand at a CAGR of 62.3%.
What is the estimated market share of North America in the global market?
North America is estimated to account for 24.3% market share on a global scale.
What is the forecasted growth rate for the East Asia market?
The market in East Asia is projected to grow at a CAGR of 62.5% from 2024 to 2034.
What is the current market share of East Asia?
East Asia accounts for 22.4% of the global market in 2024.
How is the market in South Korea projected to fare?
The blockchain technology market in South Korea is calculated to grow at a CAGR of 63.1% through 2034.
Blockchain Technology Market