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Global Blockchain Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 10/11/2022
  • NO OF PAGES
  • 269
  • CATEGORY
  • Information Technology

Market Overview:

The global Blockchain Market size was valued at USD 10.56 billion in 2022, and is projected to reach USD 102.57 billion by 2032 at a CAGR of 58.5% from 2022 to 2032.

Blockchain is a decentralized, digital ledger that records transactions in a secure and transparent manner. It is a distributed database that allows for the creation of a tamper-proof and immutable record of all transactions on a network. The blockchain technology is the foundation of cryptocurrencies such as Bitcoin and Ethereum, but it has many other applications beyond the realm of digital currencies.

The global blockchain market growth is driven by the increasing adoption of blockchain technology across various industries, including finance, healthcare, supply chain, and logistics. The technology is seen as a solution to many of the challenges faced by these industries, including fraud, inefficiency, and lack of transparency. One of the major trends in the blockchain market is the rise of decentralized finance (DeFi) applications. DeFi is a new financial system built on top of blockchain technology that allows for peer-to-peer transactions without the need for intermediaries such as banks. This technology is disrupting traditional finance and is creating new opportunities for individuals and small businesses to access financial services.

In conclusion, the blockchain market is growing rapidly, and there are many opportunities for businesses and individuals to benefit from this technology. The rise of DeFi, the adoption of blockchain technology by governments and public institutions, and the use of blockchain in supply chain management and healthcare are just a few of the trends that are driving the blockchain market growth. As the technology continues to evolve, it is likely that we will see even more applications and opportunities for blockchain in the future. The NSF provides funding for research projects related to blockchain and distributed ledger technology. In 2021, the NSF announced USD 30 million in funding for blockchain research projects, including efforts to improve the scalability and security of blockchain systems. The SBIR program provides funding to small businesses for research and development projects. The program has supported a number of blockchain-related projects, including efforts to develop secure, decentralized identity systems. Department of Energy (DOE) has provided funding for blockchain-related projects focused on energy management and sustainability. For example, in 2020 the DOE announced USD 1 million in funding for a blockchain-based energy management system. Such factors are anticipated to propel the global blockchain market growth.

Growing demand for secure and transparent data management solutions is propelling Blockchain Market growth.

As more businesses and industries adopt digital technologies, the need for reliable and secure methods for storing, sharing, and managing data has become critical. Blockchain technology offers a decentralized, tamper-proof, and transparent system for managing data, which makes it an attractive solution for a wide range of industries including finance, healthcare, supply chain, and more. Furthermore, blockchain technology can also help reduce costs and increase efficiency by eliminating intermediaries and automating processes. This is particularly attractive to businesses looking to streamline operations and reduce costs. Additionally, blockchain technology can help foster greater trust and collaboration among parties that may not have trusted each other before, such as competitors in the same industry. Overall, the increasing demand for secure and transparent data management solutions is driving the adoption and growth of blockchain market share, and is expected to continue to do so in the coming years.

Segmentation:

By Type

·         Public Blockchains

·         Private Blockchains

·         Hybrid Blockchains

By Application

·         Finance

·         Healthcare

·         Supply Chain

·         Logistics.

 

By End User

·         Large Enterprises

·         Small and Medium-Sized Businesses

·         Government Agencies

 

Geography:

The blockchain market is a global market, with adoption and growth taking place across many different regions. North America is one of the largest blockchain market, with the United States being a major player. This is due in part to the large number of blockchain market startups and established companies in the region that are exploring the use of blockchain for various applications, as well as a favorable regulatory environment. Europe is another major player in the blockchain market, with countries like the UK, Switzerland, and Germany leading the way in terms of adoption and investment. The European Union has also provided funding for blockchain research and development, which has helped to spur growth in Blockchain Market. The Asia-Pacific region is home to some of the largest blockchain market in the world, including China, Japan, and South Korea. These countries have been investing heavily in blockchain research and development, with a particular focus on applications in finance, supply chain, and logistics. The Middle East and Africa region is also seeing significant growth in the blockchain market, with countries like the United Arab Emirates and South Africa leading the way. This is due in part to the growing interest in blockchain technology as a tool for financial inclusion and economic development.

Recent Developments:

Some of the recent developments in the blockchain market includes:

·         In April 2021, the total market capitalization of cryptocurrencies reached USD 2 trillion for the first time. This milestone highlights the growing mainstream acceptance of cryptocurrencies and blockchain technology.

·         In March 2021, PayPal announced that it was launching a new feature that would allow customers to pay with cryptocurrency at millions of merchants worldwide. This move is seen as a major step towards mainstream adoption of cryptocurrencies.

Impact of the Russia-Ukraine War on the global Blockchain Market:

The ongoing conflict between Russia and Ukraine has the potential to impact the adoption of blockchain technology in Europe, particularly in the areas of regulation and investment. The conflict could lead to increased regulatory scrutiny of blockchain technology in Europe, as governments seek to prevent the use of blockchain for illicit purposes such as money laundering and terrorism financing. This could result in stricter regulations and compliance requirements, which may make it more difficult for blockchain market players to operate in the region. The conflict could also impact investment in blockchain technology in Europe, as investors become more risk-averse and cautious. This could result in fewer funding opportunities for blockchain startups and slower growth in the overall blockchain market. The supply chain industry, which is a major focus for blockchain adoption, could be impacted by the conflict as well. The ongoing instability in the region could disrupt supply chains and make it more difficult to implement blockchain-based solutions. The conflict may also impact innovation in the blockchain industry, as companies and researchers may be forced to focus their efforts on more immediate concerns related to the conflict. This could slow down the pace of blockchain market innovation and development.

Company Profiles:

·         IBM

·         Microsoft

·         Amazon Web Services (AWS)

·         Ripple

·         Ethereum

·         Chainalysis

·         Coinbase

·         Bitmain

·         Bitfury

·         ConsenSys

·         Binance

·         Circle

·         BitGo

·         VeChain

·         Hyperledger

Global Blockchain Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Blockchain market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Global Blockchain Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.

Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035


1 Blockchain Introduction and Market Overview
1.1 Objectives of the Study
1.2 Overview of Blockchain
1.3 Blockchain Market Scope and Market Size Estimation
1.3.1 Market Concentration Ratio and Market Maturity Analysis
1.3.2 Global Blockchain Revenue and Growth Rate from 2016-2030
1.4 Market Segmentation
1.4.1 Types of Blockchain
1.4.2 Applications of Blockchain
1.4.3 Research Regions
1.5 Market Dynamics
1.5.1 Blockchain Industry Trends
1.5.2 Blockchain Drivers
1.5.3 Blockchain Market Challenges
1.5.4 Blockchain Market Restraints
1.6 Industry News and Policies by Regions
1.6.1 Industry News
1.6.2 Industry Policies
1.7 Mergers & Acquisitions, Expansion Plans
1.8 Blockchain Industry Development Trends under COVID-19 Outbreak
1.8.1 Global COVID-19 Status Overview
1.8.2 Influence of COVID-19 Outbreak on Blockchain Industry Development

2 Industry Chain Analysis
2.1 Upstream Raw Material Supply and Demand Analysis
2.1.1 Global Blockchain Major Upstream Raw Material and Suppliers
2.1.2 Raw Material Source Analysis
2.2 Major Players of Blockchain
2.2.1 Major Players Manufacturing Base of Blockchain in 2020
2.2.2 Major Players Market Distribution in 2020
2.3 Blockchain Manufacturing Cost Structure Analysis
2.3.1 Production Process Analysis
2.3.2 Manufacturing Cost Structure of Blockchain
2.3.3 Labor Cost of Blockchain
2.4 Market Channel Analysis of Blockchain
2.5 Major Down Stream Customers by Application

3 Global Blockchain Market, by Type
3.1 Global Blockchain Revenue and Market Share by Type (2016-2021)
3.2 Global Blockchain Production and Market Share by Type (2016-2021)
3.3 Global Blockchain Revenue and Growth Rate by Type (2016-2021)
3.3.1 Global Blockchain Revenue and Growth Rate of Middleware provider
3.3.2 Global Blockchain Revenue and Growth Rate of Infrastructure and protocols provider
3.3.3 Global Blockchain Revenue and Growth Rate of Application and solution provider
3.4 Global Blockchain Price Analysis by Type (2016-2021)
3.4.1 Explanation of Different Type Product Price Trends

4 Blockchain Market, by Application
4.1 Downstream Market Overview
4.2 Global Blockchain Consumption and Market Share by Application (2016-2021)
4.3 Global Blockchain Consumption and Growth Rate by Application (2016-2021)
4.3.1 Global Blockchain Consumption and Growth Rate of Government and public sector (2016-2021)
4.3.2 Global Blockchain Consumption and Growth Rate of Healthcare and life sciences (2016-2021)
4.3.3 Global Blockchain Consumption and Growth Rate of Retail and ecommerce (2016-2021)
4.3.4 Global Blockchain Consumption and Growth Rate of Automotive (2016-2021)
4.3.5 Global Blockchain Consumption and Growth Rate of Others (2016-2021)

5 Global Blockchain Consumption, Revenue ($) by Region (2016-2021)
5.1 Global Blockchain Revenue and Market Share by Region (2016-2021)
5.2 Global Blockchain Consumption and Market Share by Region (2016-2021)
5.3 Global Blockchain Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4 North America Blockchain Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4.1 North America Blockchain Market Under COVID-19
5.4.2 North America Blockchain SWOT Analysis
5.5 Europe Blockchain Consumption, Revenue, Price and Gross Margin (2016-2021)
5.5.1 Europe Blockchain Market Under COVID-19
5.5.2 Europe Blockchain SWOT Analysis
5.6 China Blockchain Consumption, Revenue, Price and Gross Margin (2016-2021)
5.6.1 China Blockchain Market Under COVID-19
5.6.2 China Blockchain SWOT Analysis
5.7 Japan Blockchain Consumption, Revenue, Price and Gross Margin (2016-2021)
5.7.1 Japan Blockchain Market Under COVID-19
5.7.2 Japan Blockchain SWOT Analysis
5.8 Middle East and Africa Blockchain Consumption, Revenue, Price and Gross Margin (2016-2021)
5.8.1 Middle East and Africa Blockchain Market Under COVID-19
5.8.2 Middle East and Africa Blockchain SWOT Analysis
5.9 India Blockchain Consumption, Revenue, Price and Gross Margin (2016-2021)
5.9.1 India Blockchain Market Under COVID-19
5.9.2 India Blockchain SWOT Analysis
5.10 South America Blockchain Consumption, Revenue, Price and Gross Margin (2016-2021)
5.10.1 South America Blockchain Market Under COVID-19
5.10.2 South America Blockchain SWOT Analysis
5.11 South Korea Blockchain Consumption, Revenue, Price and Gross Margin (2016-2021)
5.11.1 South Korea Blockchain Market Under COVID-19
5.11.2 South Korea Blockchain SWOT Analysis
5.12 Southeast Asia Blockchain Consumption, Revenue, Price and Gross Margin (2016-2021)
5.12.1 Southeast Asia Blockchain Market Under COVID-19
5.12.2 Southeast Asia Blockchain SWOT Analysis

6 Global Blockchain Production by Top Regions (2016-2021)
6.1 Global Blockchain Production by Top Regions (2016-2021)
6.2 North America Blockchain Production and Growth Rate
6.3 Europe Blockchain Production and Growth Rate
6.4 China Blockchain Production and Growth Rate
6.5 Japan Blockchain Production and Growth Rate
6.6 India Blockchain Production and Growth Rate

7 Global Blockchain Consumption by Regions (2016-2021)
7.1 Global Blockchain Consumption by Regions (2016-2021)
7.2 North America Blockchain Consumption and Growth Rate
7.3 Europe Blockchain Consumption and Growth Rate
7.4 China Blockchain Consumption and Growth Rate
7.5 Japan Blockchain Consumption and Growth Rate
7.6 Middle East & Africa Blockchain Consumption and Growth Rate
7.7 India Blockchain Consumption and Growth Rate
7.8 South America Blockchain Consumption and Growth Rate
7.9 South Korea Blockchain Consumption and Growth Rate
7.10 Southeast Asia Blockchain Consumption and Growth Rate

8 Competitive Landscape
8.1 Competitive Profile
8.2 Abra, Inc Market Performance Analysis
8.2.1 Company Profiles
8.2.2 Blockchain Product Profiles, Application and Specification
8.2.3 Abra, Inc Sales, Revenue, Price, Gross Margin 2016-2021
8.2.4 Company Recent Development
8.2.5 Strategies for Company to Deal with the Impact of COVID-19
8.3 Ripple Market Performance Analysis
8.3.1 Company Profiles
8.3.2 Blockchain Product Profiles, Application and Specification
8.3.3 Ripple Sales, Revenue, Price, Gross Margin 2016-2021
8.3.4 Company Recent Development
8.3.5 Strategies for Company to Deal with the Impact of COVID-19
8.4 Deloitte Market Performance Analysis
8.4.1 Company Profiles
8.4.2 Blockchain Product Profiles, Application and Specification
8.4.3 Deloitte Sales, Revenue, Price, Gross Margin 2016-2021
8.4.4 Company Recent Development
8.4.5 Strategies for Company to Deal with the Impact of COVID-19
8.5 Earthport Market Performance Analysis
8.5.1 Company Profiles
8.5.2 Blockchain Product Profiles, Application and Specification
8.5.3 Earthport Sales, Revenue, Price, Gross Margin 2016-2021
8.5.4 Company Recent Development
8.5.5 Strategies for Company to Deal with the Impact of COVID-19
8.6 Microsoft Corporation Market Performance Analysis
8.6.1 Company Profiles
8.6.2 Blockchain Product Profiles, Application and Specification
8.6.3 Microsoft Corporation Sales, Revenue, Price, Gross Margin 2016-2021
8.6.4 Company Recent Development
8.6.5 Strategies for Company to Deal with the Impact of COVID-19
8.7 Chain, Inc. Market Performance Analysis
8.7.1 Company Profiles
8.7.2 Blockchain Product Profiles, Application and Specification
8.7.3 Chain, Inc. Sales, Revenue, Price, Gross Margin 2016-2021
8.7.4 Company Recent Development
8.7.5 Strategies for Company to Deal with the Impact of COVID-19
8.8 IBM Corporation Market Performance Analysis
8.8.1 Company Profiles
8.8.2 Blockchain Product Profiles, Application and Specification
8.8.3 IBM Corporation Sales, Revenue, Price, Gross Margin 2016-2021
8.8.4 Company Recent Development
8.8.5 Strategies for Company to Deal with the Impact of COVID-19
8.9 BitFury Market Performance Analysis
8.9.1 Company Profiles
8.9.2 Blockchain Product Profiles, Application and Specification
8.9.3 BitFury Sales, Revenue, Price, Gross Margin 2016-2021
8.9.4 Company Recent Development
8.9.5 Strategies for Company to Deal with the Impact of COVID-19
8.10 Blockchain Tech Ltd Market Performance Analysis
8.10.1 Company Profiles
8.10.2 Blockchain Product Profiles, Application and Specification
8.10.3 Blockchain Tech Ltd Sales, Revenue, Price, Gross Margin 2016-2021
8.10.4 Company Recent Development
8.10.5 Strategies for Company to Deal with the Impact of COVID-19

9 Global Blockchain Market Analysis and Forecast by Type and Application
9.1 Global Blockchain Market Revenue & Volume Forecast, by Type (2021-2026)
9.1.1 Middleware provider Market Revenue and Volume Forecast (2021-2026)
9.1.2 Infrastructure and protocols provider Market Revenue and Volume Forecast (2021-2026)
9.1.3 Application and solution provider Market Revenue and Volume Forecast (2021-2026)
9.2 Global Blockchain Market Revenue & Volume Forecast, by Application (2021-2026)
9.2.1 Government and public sector Market Revenue and Volume Forecast (2021-2026)
9.2.2 Healthcare and life sciences Market Revenue and Volume Forecast (2021-2026)
9.2.3 Retail and ecommerce Market Revenue and Volume Forecast (2021-2026)
9.2.4 Automotive Market Revenue and Volume Forecast (2021-2026)
9.2.5 Others Market Revenue and Volume Forecast (2021-2026)

10 Blockchain Market Supply and Demand Forecast by Region
10.1 North America Market Supply and Demand Forecast (2021-2026)
10.2 Europe Market Supply and Demand Forecast (2021-2026)
10.3 China Market Supply and Demand Forecast (2021-2026)
10.4 Japan Market Supply and Demand Forecast (2021-2026)
10.5 Middle East and Africa Market Supply and Demand Forecast (2021-2026)
10.6 India Market Supply and Demand Forecast (2021-2026)
10.7 South America Market Supply and Demand Forecast (2021-2026)
10.8 South Korea Market Supply and Demand Forecast (2021-2026)
10.9 Southeast Asia Market Supply and Demand Forecast (2021-2026)
10.10 Explanation of Market Size Trends by Region
10.11 Blockchain Market Trends Analysis

11 New Project Feasibility Analysis
11.1 Industry Barriers and New Entrants SWOT Analysis
11.2 Analysis and Suggestions on New Project Investment

12 Expert Interview Record
13 Research Finding and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Data Source
 

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

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Case Study- ICT Sector

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Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.


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