Blockchain Technology Market Research Report - Global Forecast to 2030

Blockchain Technology Market Research Report: By Service Provider (Application and Solution Provider, Middleware Provider, Infrastructure & Protocol Provider), By Organization Size ( Large Enterprise, Small and Medium Enterprise ), By Application ( Payment and Transaction, Smart Contract, Digital Identity, Documentation, Exchanges and Others), By End-Users ( Healthcare, Life Sciences, BFSI, IT and Telecommunication, Retail, Government, Travel and Hospitality, Real Estate & Construction, Others) - Global Forecast 2030

ID: MRFR/ICT/1176-CR | February, 2020 | Region : Global

1 Executive Summary

2 Market Introduction

2.1 Definition 17

2.2 Scope of the Study 17

2.3 List of Assumptions 18

2.4 Market Structure 18

3 Market Insights

4 Research Methodology

4.1 Research Process 23

4.2 Secondary Research 23

4.3 Primary Research 24

4.4 Forecast Model 26

5 Market Dynamics

5.1 Introduction 28

5.2 Drivers 29

5.2.1 Growing Need for Simplifying Business Processes 29

5.2.2 Rising Demand for Improved Contractual Performance 29

5.2.3 Increased Automation with Data Integrity and Security 29

5.3 Opportunities 29

5.3.1 Rising Adoption of Blockchain for Payments, Smart Contracting, and Digital Identities 29

5.3.2 Developments of New Business Models 30

5.4 Restraints 30

5.4.1 Concerns regarding Integration with the Existing Applications 30

5.4.2 Uncertain Regulatory Standards 30

5.5 Value Chain Analysis 31

5.5.1 Blockchain Software Platform Providers 31

5.5.2 Security & Infrastructure Service Providers 31

5.5.3 Deployment and Middleware Service Providers 31

5.5.4 End-Users 32

5.6 Porter’s Five Forces Model 32

5.6.1 Threat of New Entrant 33

5.6.2 Bargaining Power of Platform Supplier 33

5.6.3 Bargaining Power of End-User 33

5.6.4 Threat of Substitute 33

5.6.5 Intensity of Rivalry 33

5.7 Market Trends 34

5.7.1 North America 34

5.7.1.1 Key Developments: 34

5.7.2 Europe 34

5.7.2.1 Key Developments 34

5.7.3 Asia-Pacific 35

5.7.3.1 Key Developments 35

5.7.4 Rest of the World 35

5.7.4.1 Key Developments 35

6 Global Blockchain Technology Market, By Service Provider

6.1 Overview 37

6.1.1 Application and Solution Provider 38

6.1.2 Middleware Provider 38

6.1.3 Infrastructure & Protocol Provider 38

7 Global Blockchain Technology Market, By Organization Size

7.1 Overview 40

7.1.1 Large Enterprise 41

7.1.2 Small and Medium Enterprise 41

8 Global Blockchain Technology Market, By Application

8.1 Overview 43

8.1.1 Payment & Transaction 44

8.1.2 Smart Contract 44

8.1.3 Digital Identity 44

8.1.4 Documentation 45

8.1.5 Exchanges 45

8.1.6 Others 45

9 Global Blockchain Technology Market, By End-Users

9.1 Overview 47

9.1.1 Healthcare & Life Sciences 48

9.1.2 BFSI 48

9.1.3 IT & Telecommunication 49

9.1.4 Retail 49

9.1.5 Government 49

9.1.6 Travel & Hospitality 50

9.1.7 Real Estate & Construction 50

9.1.8 Others 51

10 Blockchain Technology Market, By Region

10.1 Introduction 53

10.2 North America 54

10.2.1 US 58

10.2.2 Canada 59

10.2.3 Mexico 60

10.3 Europe 62

10.3.1 Germany 66

10.3.2 UK 67

10.3.3 France 68

10.3.4 Russia 70

10.3.5 Rest of Europe 71

10.4 Asia-Pacific 73

10.4.1 China 77

10.4.2 Japan 78

10.4.3 India 79

10.4.4 Singapore 81

10.4.5 Hong Kong 82

10.4.6 Rest of Asia-Pacific 83

10.5 Rest of the World 85

10.5.1 UAE 89

10.5.2 Argentina 90

10.5.3 Other Countries 91

11 Competitive Landscape

11.1 Competitive Landscape Overview 94

11.2 Competitive Benchmarking 95

12 Company Profiles

12.1 IBM Corporation 97

12.1.1 Company Overview 97

12.1.2 Financial Performance 97

12.1.3 Products/Services/Solutions Offered 98

12.1.4 Key Developments 98

12.1.5 SWOT Analysis 99

12.1.6 Key Strategy 99

12.2 Deloitte Touche Tohmatsu Limited 100

12.2.1 Company Overview 100

12.2.2 Financial Overview 100

12.2.3 Product/Solution Offered 101

12.2.4 Key Developments 101

12.2.5 SWOT Analysis 102

12.2.6 Key Strategy 102

12.3 Hewlett Packard Enterprise Company 103

12.3.1 Company Overview 103

12.3.2 Financial Overview 103

12.3.3 Product/Solution/Service Offered 104

12.3.4 Key Developments 104

12.3.5 SWOT Analysis 104

12.3.6 Key Strategy 104

12.4 Accenture PLC 105

12.4.1 Company Overview 105

12.4.2 Financial Overview 105

12.4.3 Product/Solution/Service Offered 106

12.4.4 Key Developments 106

12.4.5 SWOT Analysis 106

12.4.6 Key Strategy 106

12.5 Infosys Limited 107

12.5.1 Company Overview 107

12.5.2 Financial Overview 107

12.5.3 Product/Solution/Service Offered 108

12.5.4 Key Developments 108

12.5.5 SWOT Analysis 108

12.5.6 Key Strategy 108

12.6 Cyber Infrastructure Pvt. Ltd. 109

12.6.1 Company Overview 109

12.6.2 Product/Solution/Service Offered 109

12.6.3 SWOT Analysis 110

12.6.4 Key Strategy 110

12.7 SoluLab Inc. 111

12.7.1 Company Overview 111

12.7.2 Product/Solution/Service Offered 111

12.7.3 SWOT Analysis 111

12.8 Empirica S.A. 112

12.8.1 Company Overview 112

12.8.2 Product/Solution/Service Offered 112

12.8.3 SWOT Analysis 112

12.9 Microsoft Corporation 113

12.9.1 Company Overview 113

12.9.2 Financial Overview 113

12.9.3 Product Offered 114

12.9.4 Key Developments 114

12.9.5 SWOT Analysis 114

12.9.6 Key Strategy 115

12.10 Oracle Corporation 116

12.10.1 Company Overview 116

12.10.2 Financial Overview 116

12.10.3 Product Offered 117

12.10.4 Key Developments 117

12.10.5 SWOT Analysis 117

12.10.6 Key Strategy 117

12.11 Amazon Web Services, Inc. 117

12.11.1 Company Overview 117

12.11.2 Financial Overview 118

12.11.3 Product Offered 119

12.11.4 Key Developments 119

12.11.5 SWOT Analysis 120

12.11.6 Key Strategy 120

13 Appendix

13.1 Discussion Blue Print 122

14 List of Tables

TABLE 1 MARKET SYNOPSIS 15

TABLE 2 LIST OF ASSUMPTIONS 18

TABLE 3 GLOBAL BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021-2028 (USD MILLION) 37

TABLE 4 GLOBAL BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021-2028 (USD MILLION) 40

TABLE 5 GLOBAL BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021-2028 (USD MILLION) 43

TABLE 6 GLOBAL BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021-2028 (USD MILLION) 47

TABLE 7 GLOBAL BLOCKCHAIN TECHNOLOGY MARKET, BY REGION, 2021-2028 (USD MILLION) 53

TABLE 8 NORTH AMERICA: BLOCKCHAIN TECHNOLOGY MARKET, BY COUNTRY, 2021-2028 (USD MILLION) 54

TABLE 9 NORTH AMERICA: BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021-2028 (USD MILLION) 55

TABLE 10 NORTH AMERICA: BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021-2028 (USD MILLION) 56

TABLE 11 NORTH AMERICA: BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021-2028 (USD MILLION) 56

TABLE 12 NORTH AMERICA: BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021-2028 (USD MILLION) 57

TABLE 13 US: BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021-2028 (USD MILLION) 58

TABLE 14 US: BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021-2028 (USD MILLION) 58

TABLE 15 US: BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021-2028 (USD MILLION) 58

TABLE 16 US: BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021-2028 (USD MILLION) 59

TABLE 17 CANADA: BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021-2028 (USD MILLION) 59

TABLE 18 CANADA: BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021-2028 (USD MILLION) 59

TABLE 19 CANADA: BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021-2028 (USD MILLION) 60

TABLE 20 CANADA: BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021-2028 (USD MILLION) 60

TABLE 21 MEXICO: BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021-2028 (USD MILLION) 60

TABLE 22 MEXICO: BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021-2028 (USD MILLION) 61

TABLE 23 MEXICO: BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021-2028 (USD MILLION) 61

TABLE 24 MEXICO: BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021-2028 (USD MILLION) 61

TABLE 25 EUROPE BLOCKCHAIN TECHNOLOGY MARKET, BY COUNTRY, 2021-2028 (USD MILLION) 62

TABLE 26 EUROPE: BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021-2028 (USD MILLION) 63

TABLE 27 EUROPE: BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021-2028 (USD MILLION) 63

TABLE 28 EUROPE: BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021-2028 (USD MILLION) 64

TABLE 29 EUROPE: BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021-2028 (USD MILLION) 65

TABLE 30 GERMANY: BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021-2028 (USD MILLION) 66

TABLE 31 GERMANY: BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021-2028 (USD MILLION) 66

TABLE 32 GERMANY: BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021-2028 (USD MILLION) 66

TABLE 33 GERMANY: BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021-2028 (USD MILLION) 67

TABLE 34 UK: BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021-2028 (USD MILLION) 67

TABLE 35 UK: BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021-2028 (USD MILLION) 67

TABLE 36 UK: BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021-2028 (USD MILLION) 68

TABLE 37 UK: BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021-2028 (USD MILLION) 68

TABLE 38 FRANCE: BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021-2028 (USD MILLION) 68

TABLE 39 FRANCE: BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021-2028 (USD MILLION) 69

TABLE 40 FRANCE: BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021-2028 (USD MILLION) 69

TABLE 41 FRANCE: BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021-2028 (USD MILLION) 69

TABLE 42 RUSSIA: BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021-2028 (USD MILLION) 70

TABLE 43 RUSSIA: BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021-2028 (USD MILLION) 70

TABLE 44 RUSSIA: BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021-2028 (USD MILLION) 70

TABLE 45 RUSSIA: BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021-2028 (USD MILLION) 71

TABLE 46 REST OF EUROPE: BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021-2028 (USD MILLION) 71

TABLE 47 REST OF EUROPE: BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021-2028 (USD MILLION) 71

TABLE 48 REST OF EUROPE: BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021-2028 (USD MILLION) 72

TABLE 49 REST OF EUROPE: BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021-2028 (USD MILLION) 72

TABLE 50 ASIA-PACIFIC BLOCKCHAIN TECHNOLOGY MARKET, BY COUNTRY, 2021-2028 (USD MILLION) 73

TABLE 51 ASIA-PACIFIC: BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021-2028 (USD MILLION) 74

TABLE 52 ASIA-PACIFIC: BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021-2028 (USD MILLION) 75

TABLE 53 ASIA-PACIFIC: BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021-2028 (USD MILLION) 75

TABLE 54 ASIA-PACIFIC: BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021-2028 (USD MILLION) 76

TABLE 55 CHINA: BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021-2028 (USD MILLION) 77

TABLE 56 CHINA: BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021-2028 (USD MILLION) 77

TABLE 57 CHINA: BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021-2028 (USD MILLION) 77

TABLE 58 CHINA: BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021-2028 (USD MILLION) 78

TABLE 59 JAPAN: BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021-2028 (USD MILLION) 78

TABLE 60 JAPAN: BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021-2028 (USD MILLION) 78

TABLE 61 JAPAN: BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021-2028 (USD MILLION) 79

TABLE 62 JAPAN: BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021-2028 (USD MILLION) 79

TABLE 63 INDIA: BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021-2028 (USD MILLION) 79

TABLE 64 INDIA: BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021-2028 (USD MILLION) 80

TABLE 65 INDIA: BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021-2028 (USD MILLION) 80

TABLE 66 INDIA: BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021-2028 (USD MILLION) 80

TABLE 67 SINGAPORE: BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021-2028 (USD MILLION) 81

TABLE 68 SINGAPORE: BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021-2028 (USD MILLION) 81

TABLE 69 SINGAPORE: BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021-2028 (USD MILLION) 81

TABLE 70 SINGAPORE: BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021-2028 (USD MILLION) 82

TABLE 71 HONG KONG: BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021-2028 (USD MILLION) 82

TABLE 72 HONG KONG: BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021-2028 (USD MILLION) 82

TABLE 73 HONG KONG: BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021-2028 (USD MILLION) 83

TABLE 74 HONG KONG: BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021-2028 (USD MILLION) 83

TABLE 75 REST OF ASIA-PACIFIC: BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021-2028 (USD MILLION) 83

TABLE 76 REST OF ASIA-PACIFIC: BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021-2028 (USD MILLION) 84

TABLE 77 REST OF ASIA-PACIFIC: BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021-2028 (USD MILLION) 84

TABLE 78 REST OF ASIA-PACIFIC: BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021-2028 (USD MILLION) 84

TABLE 79 REST OF THE WORLD BLOCKCHAIN TECHNOLOGY MARKET, BY COUNTRY, 2021-2028 (USD MILLION) 85

TABLE 80 REST OF THE WORLD: BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021-2028 (USD MILLION) 86

TABLE 81 REST OF THE WORLD: BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021-2028 (USD MILLION) 86

TABLE 82 REST OF THE WORLD: BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021-2028 (USD MILLION) 87

TABLE 83 REST OF THE WORLD: BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021-2028 (USD MILLION) 88

TABLE 84 UAE: BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021-2028 (USD MILLION) 89

TABLE 85 UAE: BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021-2028 (USD MILLION) 89

TABLE 86 UAE: BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021-2028 (USD MILLION) 89

TABLE 87 UAE: BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021-2028 (USD MILLION) 90

TABLE 88 ARGENTINA: BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021-2028 (USD MILLION) 90

TABLE 89 ARGENTINA: BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021-2028 (USD MILLION) 90

TABLE 90 ARGENTINA: BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021-2028 (USD MILLION) 91

TABLE 91 ARGENTINA: BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021-2028 (USD MILLION) 91

TABLE 92 OTHER COUNTRIES: BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021-2028 (USD MILLION) 91

TABLE 93 OTHER COUNTRIES: BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021-2028 (USD MILLION) 92

TABLE 94 OTHER COUNTRIES: BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021-2028 (USD MILLION) 92

TABLE 95 OTHER COUNTRIES: BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021-2028 (USD MILLION) 92

 

15 List of Figures

FIGURE 1 GLOBAL BLOCKCHAIN TECHNOLOGY MARKET: MARKET STRUCTURE 18

FIGURE 2 NORTH AMERICA MARKET SIZE & GROWTH RATE BY COUNTRY (2021 VS 2028) 20

FIGURE 3 EUROPE MARKET SIZE & GROWTH RATE BY COUNTRY (2021 VS 2028) 20

FIGURE 4 ASIA-PACIFIC MARKET SIZE & GROWTH RATE BY COUNTRY (2021 VS 2028) 20

FIGURE 5 REST OF THE WORLD MARKET SIZE & GROWTH RATE BY REGION (2021 VS 2028) 21

FIGURE 6 TOP DOWN & BOTTOM UP APPROACH 25

FIGURE 7 DRIVERS, OPPORTUNITIES AND RESTRAINTS ANALYSIS OF GLOBAL BLOCKCHAIN TECHNOLOGY MARKET 28

FIGURE 8 VALUE CHAIN: BLOCKCHAIN TECHNOLOGY MARKET 31

FIGURE 9 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL BLOCKCHAIN TECHNOLOGY MARKET 32

FIGURE 10 GLOBAL BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021 VS 2028 (USD MILLION) 37

FIGURE 11 GLOBAL BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021 VS 2028 (USD MILLION) 40

FIGURE 12 GLOBAL BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021 VS 2028 (USD MILLION) 43

FIGURE 13 GLOBAL BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021 VS 2028 (USD MILLION) 47

FIGURE 14 GLOBAL BLOCKCHAIN TECHNOLOGY MARKET, BY REGION, 2021 VS 2028 (USD MILLION) 53

FIGURE 15 NORTH AMERICA: BLOCKCHAIN TECHNOLOGY MARKET SHARE, BY COUNTRY, 2021 (% SHARE) 54

FIGURE 16 NORTH AMERICA: BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021 VS 2028 (USD MILLION) 55

FIGURE 17 NORTH AMERICA: BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021 VS 2028 (USD MILLION) 55

FIGURE 18 NORTH AMERICA: BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021 VS 2028 (USD MILLION) 56

FIGURE 19 NORTH AMERICA: BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021 VS 2028 (USD MILLION) 57

FIGURE 20 EUROPE: BLOCKCHAIN TECHNOLOGY MARKET SHARE, BY COUNTRY, 2021 (% SHARE) 62

FIGURE 21 EUROPE: BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021 VS 2028 (USD MILLION) 62

FIGURE 22 EUROPE: BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021 VS 2028 (USD MILLION) 63

FIGURE 23 EUROPE: BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021 VS 2028 (USD MILLION) 64

FIGURE 24 EUROPE: BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021 VS 2028 (USD MILLION) 65

FIGURE 25 ASIA-PACIFIC: BLOCKCHAIN TECHNOLOGY MARKET SHARE, BY COUNTRY, 2021 (% SHARE) 73

FIGURE 26 ASIA-PACIFIC: BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021 VS 2028 (USD MILLION) 74

FIGURE 27 ASIA-PACIFIC: BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021 VS 2028 (USD MILLION) 74

FIGURE 28 ASIA-PACIFIC: BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021 VS 2028 (USD MILLION) 75

FIGURE 29 ASIA-PACIFIC: BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021 VS 2028 (USD MILLION) 76

FIGURE 30 REST OF THE WORLD: BLOCKCHAIN TECHNOLOGY MARKET SHARE, BY COUNTRY, 2021 (% SHARE) 85

FIGURE 31 REST OF THE WORLD: BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICE PROVIDER, 2021 VS 2028 (USD MILLION) 85

FIGURE 32 REST OF THE WORLD: BLOCKCHAIN TECHNOLOGY MARKET, BY ORGANIZATION SIZE, 2021 VS 2028 (USD MILLION) 86

FIGURE 33 REST OF THE WORLD: BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION, 2021 VS 2028 (USD MILLION) 87

FIGURE 34 REST OF THE WORLD: BLOCKCHAIN TECHNOLOGY MARKET, BY END-USER, 2021 VS 2028 (USD MILLION) 87

FIGURE 35 BENCHMARKING OF MAJOR COMPETITORS 95

Blockchain Technology Market

The blockchain technology market is expected to reach USD 137.59 Billion by 2030 growing at a CAGR rate of 67.54%.

Segmentation

By Service Provider Application and Solution Provider Middleware Provider Infrastructure & Protocol Provider
By Organization Size Large Enterprise Small and Medium Enterprise
By Application Payment and Transaction Smart Contract Digital Identity Documentation Exchanges
By End-Users Healthcare Life Sciences BFSI IT and Telecommunication Retail Government Travel and Hospitality Real Estate & Construction

Key Players

  • Microsoft Corporation
  • IBM Corporation
  • Coinbase
  • Blockchain Tech LTD
  • Earthport Plc
  • BitFury Group Ltd
  • Ripple Labs Inc
  • Deloitte Touche Tohmatsu Limited
  • Abra Inc
  • Chain Inc
  • and Digital Asset Holdings
  • LLC.

Drivers

  • The rising demand for digital identity
  • The growing capitalization of market-related cryptocurrencies
  • The low amount of transaction fees.
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The blockchain technology market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain market share. Intense competition, rapid advances in technology, and frequent changes in government policies are key factors that confront market growth. The vendors compete based on quality of service, pricing, and reliability. It is crucial for the vendors to provide advanced technology and value-added services for blockchain technology vendors to survive and succeed in an intensely competitive market environment.


The growth of the market vendors is dependent on the market conditions, government support, and industry development. Thus, the vendors should focus on expanding geographically and advancement in digital services.  Microsoft Corporation, IBM Corporation, Coinbase, Blockchain Tech LTD, Earthport Plc, BitFury Group Ltd, Ripple Labs Inc, Deloitte Touche Tohmatsu Limited, Abra, Inc, Chain Inc, and Digital Asset Holdings, LLC, are major companies in the market that compete in terms of services offered, pricing of IPN devices, and availability of components from suppliers. These companies primarily focus on the designing crypto-currencies, money transactions, and data integrity & security. Although the global players are dominating the market, regional players with small market shares also have a presence in the market. The global players are expected to strengthen their presence worldwide through organic and inorganic growth during the forecast period.


The vendors with better technical and financial resources can develop innovative product that render the competitors' products, obsolete and non-competitive even before they are launched, or costs are recovered. Therefore, vendors must develop new technologies and stay in touch with emerging technologies that could affect the continuing competitiveness of their product lines in the market.


Microsoft Corporation is a leading provider of software, services, and solutions across the globe. The company mainly operates three segments such as productivity and business processes, intelligent cloud, and more personal computing. The company at present offers “Blockchain as a Service (BaaS)” on Microsoft Azure platform which was initiated to enable enterprise clients and developers to have a single-click cloud-based blockchain developer environment. The company operates in North America and rest of the world.


International Business Machine (IBM) is a leader in providing information technology, innovation, and research & development worldwide. The company operates through various business segments such as cognitive solutions, technology services, business services, global financing services, software services and system hardware. The company has major operations in the US, Japan and the Rest of the World. IBM Corporation primarily aims to increase their business productivity by building partnerships with tech giants and exploring the untapped market as a part of their inorganic growth strategy.


Blockchain Tech Ltd offers solutions that require a minimal IT support, and reduced cost of development. The company provides variety of services such as technical design services, development and hosting services, and support services. BTL Group is primarily focusing on providing free and next-generation blockchain technology platforms for enterprises and end-users.


These companies contributed a major proportion towards market revenue of blockchain technology market.


Intended Audience



  • Software solution providers

  • Network providers

  • System integrators

  • Government, financial, and research institutions as well as investment communities

  • Service providers and distributors

  • Blockchain application builders

  • Customer experience management professionals

  • Independent Software Vendors (ISVs)

  • Analytics consulting companies

  • Enterprises