Market Overview:
The global blockchain market is expected to grow from USD 411.5 million in 2018 to USD 7,683.7 million by 2030, at a CAGR of 34.8% during the forecast period. The growth of the blockchain market can be attributed to the increasing demand for distributed ledger technology (DLT) and rising cryptocurrency prices. The global blockchain market is segmented on the basis of type, application, and region. On the basis of type, the market is divided into public blockchain and private blockchain segments. The public blockchain segment is expected to hold a larger share of the global Blockchain Market duringthe forecast period owing to its wider applicability across various industries such as financial services, healthcare, supply chain management logistics etc., whereas private blockchains are mainly used within enterprises for specific applications such as tracking shipments or handling digital rights management. On basis if application ,the Financial Services sector held largest share in 2017 due ot high adoption rate og this technology by banks an other financial institutions for streamlining their processes .
Product Definition:
A blockchain is a digital ledger of all cryptocurrency transactions. It is constantly growing as "completed" blocks are added to it with a new set of recordings. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Bitcoin nodes use the block chain to differentiate legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.
The importance of Blockchain technology is that it allows for secure, transparent.
Public Blockchain:
Public blockchain is a distributed database that can be used by any party for transactions. It is visible to all and hence the public has access to the data in real-time. The information on this blockchain is constantly updated and maintained by a group of people called miners who are responsible for securing the network and ensuring accurate information.
Private Blockchain:
Private blockchain is a permissioned network. Permissioned means only members with pre-defined status can participate in the network. In other words, it's an internal database or ledger that allows companies to move their data to a public blockchain and maintain control over certain information. Private blockchains are designed for organizations by providing them with an easy way to manage supply chain operations, digital assets, and financial transactions without having to trust a third party (i.e., the Internet).
Application Insights:
The financial services segment dominated the global blockchain market in 2017 and is projected to maintain its dominance over the forecast period. The growing adoption ofblockchain technology across various sectors within the banking sector such as payments, trade finance, asset management and securities trading is expected to drive demand for this application segment. Furthermore, increasing R&D investments by major banks such as Barclays Plc., Credit Suisse Group AG., UBS AG., and Bank of America Corporation. are aimed at developing new applications for blockchain technology will further propel industry growth over the coming years.
Non-financial sector accounted for a significant share in 2017 owing to initiatives taken by different companies within this industry verticals such as Microsoft Corporation, IBM Corporation, Cisco Systems Inc., Oracle America Inc., SAP SE & Co.; that are testing outblockchain solutions based on their requirements or use cases. For instance; Microsoft has collaborated with distributed network leader Ripple Labs Inc.
Regional Analysis:
The market in North America is anticipated to witness significant growth over the forecast period owing to increasing investments by prominent players in the region. The U.S. has been at the forefront of adoption of this technology and hence, it dominates the regional market space. However, Asia Pacific is expected to emerge as a strong contender due to growing awareness aboutblockchain among enterprises and consumers in China and Japan respectively.
Growth Factors:
- Increased acceptance of Blockchain technology by businesses for various applications such as supply chain management, contract management, etc.
- Growing demand for secure and transparent digital transactions across industries
- Increasing number of Blockchain-based startups and funding activities in the space
- Proliferation of cloud-based Blockchain platforms and services that make it easier to deploy the technology
- Development of new use cases for Blockchain technology that can address specific business needs
Scope Of The Report
Report Attributes
Report Details
Report Title
Blockchain Market Research Report
By Type
Public Blockchain, Private Blockchain
By Application
Financial Services, Non-financial Sector
By Companies
Microsoft Corporation, IBM Corporation, Deloitte Touche Tohmatsu Limited, Ripple, BTL Group Ltd., Earthport, Chain, Inc., Abra, Inc, BitFury, Global Arena Holding, Inc., DigitalX Ltd., Oracle, Amazon, Google
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Blockchain Market Report Segments:
The global Blockchain market is segmented on the basis of:
Types
Public Blockchain, Private Blockchain
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Financial Services, Non-financial Sector
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Microsoft Corporation
- IBM Corporation
- Deloitte Touche Tohmatsu Limited
- Ripple
- BTL Group Ltd.
- Earthport
- Chain, Inc.
- Abra, Inc
- BitFury
- Global Arena Holding, Inc.
- DigitalX Ltd.
- Oracle
- Amazon
- Google
Highlights of The Blockchain Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Public Blockchain
- Private Blockchain
- By Application:
- Financial Services
- Non-financial Sector
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Blockchain Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Blockchain is a distributed database that allows for secure, transparent and tamper-proof transactions. It was created as a solution to the problem of how to create an immutable record of digital assets.
Some of the major players in the blockchain market are Microsoft Corporation, IBM Corporation, Deloitte Touche Tohmatsu Limited, Ripple, BTL Group Ltd., Earthport, Chain, Inc., Abra, Inc, BitFury, Global Arena Holding, Inc., DigitalX Ltd., Oracle, Amazon, Google.
The blockchain market is expected to register a CAGR of 34.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Blockchain Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Blockchain Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Blockchain Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Blockchain Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Blockchain Market Size & Forecast, 2018-2028
4.5.1 Blockchain Market Size and Y-o-Y Growth
4.5.2 Blockchain Market Absolute $ Opportunity
Chapter 5 Global Blockchain Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Blockchain Market Size Forecast by Type
5.2.1 Public Blockchain
5.2.2 Private Blockchain
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Blockchain Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Blockchain Market Size Forecast by Applications
6.2.1 Financial Services
6.2.2 Non-financial Sector
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Blockchain Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Blockchain Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Blockchain Analysis and Forecast
9.1 Introduction
9.2 North America Blockchain Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Blockchain Market Size Forecast by Type
9.6.1 Public Blockchain
9.6.2 Private Blockchain
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Blockchain Market Size Forecast by Applications
9.10.1 Financial Services
9.10.2 Non-financial Sector
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Blockchain Analysis and Forecast
10.1 Introduction
10.2 Europe Blockchain Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Blockchain Market Size Forecast by Type
10.6.1 Public Blockchain
10.6.2 Private Blockchain
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Blockchain Market Size Forecast by Applications
10.10.1 Financial Services
10.10.2 Non-financial Sector
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Blockchain Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Blockchain Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Blockchain Market Size Forecast by Type
11.6.1 Public Blockchain
11.6.2 Private Blockchain
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Blockchain Market Size Forecast by Applications
11.10.1 Financial Services
11.10.2 Non-financial Sector
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Blockchain Analysis and Forecast
12.1 Introduction
12.2 Latin America Blockchain Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Blockchain Market Size Forecast by Type
12.6.1 Public Blockchain
12.6.2 Private Blockchain
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Blockchain Market Size Forecast by Applications
12.10.1 Financial Services
12.10.2 Non-financial Sector
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Blockchain Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Blockchain Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Blockchain Market Size Forecast by Type
13.6.1 Public Blockchain
13.6.2 Private Blockchain
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Blockchain Market Size Forecast by Applications
13.10.1 Financial Services
13.10.2 Non-financial Sector
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Blockchain Market: Competitive Dashboard
14.2 Global Blockchain Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Microsoft Corporation
14.3.2 IBM Corporation
14.3.3 Deloitte Touche Tohmatsu Limited
14.3.4 Ripple
14.3.5 BTL Group Ltd.
14.3.6 Earthport
14.3.7 Chain, Inc.
14.3.8 Abra, Inc
14.3.9 BitFury
14.3.10 Global Arena Holding, Inc.
14.3.11 DigitalX Ltd.
14.3.12 Oracle
14.3.13 Amazon
14.3.14 Google
