Blockchain Market: Global Industry Analysis and Forecast (2022-2027) by Component, Services, Provider, Type, Organization Size, Application Area, and Region

Blockchain Market size was valued at US$ 4.90 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 68.4% from 2022 to 2027, reaching nearly US$ 111.75 Bn.

Blockchain Market Overview:

Blockchain Market is expected to reach US$ 111.75 Bn. by 2027. A blockchain records information in a way that makes it difficult or impossible to change it, hack, or cheat the system. Blockchains are essentially digital ledgers that are duplicated and distributed along the entire chain of computer systems. This report focuses on the different segments of the Blockchain market (Component, Services, Provider, Type, Organization Size, Application Area, and Region). This report examines the major market players and regions in depth (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It's a thorough examination of today's quick advances in a variety of sectors. Facts and figures, visualisations, and presentations are utilised to demonstrate the core data analysis from 2017 through 2020. The market drivers, restraints, opportunities, and challenges for Blockchain are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Blockchain market. Blockchain Market To know about the Research Methodology:-Request Free Sample Report

Blockchain Market Dynamics:

The increased venture capital investing in blockchain technology start-ups is responsible for the market's growth. Circle Internet Financial Ltd., a blockchain technology company, for example, announced in May 2021 that it had raised USD 440 million in funding from strategic and institutional investors. This profit goes toward organisational development and market growth. Legalization of crypto currencies in nations like Ukraine and El Salvador is likely to open up new commercial prospects. The legalisation of bitcoin stimulates further investment in blockchain technology by businesses and investors. It also pushes market players to put in more effort to improve their services in order to achieve a competitive advantage. During the forecast period, these companies' efforts are expected to make blockchain technology more efficient and productive. With DeFi, banks have less control over financial services and money. The technology runs on the blockchain. During the forecast period, market growth is expected to be driven by increased strategic initiatives in the decentralised financial domain. For example, Square, a payment start-up, announced in July 2021 that it is starting a bitcoin-based DeFi service. This approach should aid the corporation in improving its market position. Market growth is expected to be driven by companies such as PayPal and Xbox accepting crypto currencies as payment. Various restaurants are forming collaborations with crypto currency solution providers to provide their clients crypto currency-based payments. Bakkt Holdings, LLC, a digital asset marketplace, for example, announced its cooperation with Quiznos, a quick-service restaurant (QSR), to begin its physical location trial in August 2021. Customers of Quiznos were able to pay using bitcoin at limited locations as part of this test. The year 2021 was all about surviving and recovering from a global pandemic. The management of the COVID pandemic will still be a primary issue in 2022. In fact, many of the top IT trends for 2022 will be centred on combating the global pandemic. Intriguingly, in the year 2022, blockchain trends will emphasise their possible use cases in vaccine manufacturing, distribution, and tracking. Manufacturing and distributing fake vaccinations is a complex and significant problem when it comes to handling a global pandemic. In such circumstances, blockchain could be an excellent tool for checking vaccination supply validity. Furthermore, blockchain could aid in the tracking of vaccine distribution to guarantee that vaccines reach their intended recipients. The verification of vaccine integrity at various stages in the supply chain is another attractive feature of the blockchain future in 2022 for making and distributing COVID vaccines. For example, blockchain technology can be used to store vaccination batches at a consistent temperature. In 2022, IBM is one of the first companies to capitalise on blockchain trends for COVID management. The tech giant has successfully established a system that allows for vaccination distribution coordination among various organisations and healthcare authorities. The solution uses blockchain to combine vaccination rates and efficiencies data from many platforms and tools used by healthcare authorities and agencies.

Blockchain Market Segment Analysis:

The Blockchain Market is segmented by Component, Services, Provider, Type, Organization Size, and Application Area. Based on the Type, the market is segmented into Public, Private, and Hybrid. Public Cloud segment is expected to hold the largest market share of xx% by 2027. A public cloud blockchain is a multi-tenant system in which computing resources are shared among multiple clients. Various government agencies around the world are currently combining traditional systems with cloud technologies. The demand for public cloud is significant because it allows businesses to compete on price. Blockchain Market Based on the Application Area, the market is segmented into Transportation and Logistics, Agriculture and Food, Manufacturing, Energy and Utilities, Healthcare and Life Science, Media, Advertising and Entertainment, Banking and Financial Services, Insurance, IT and Telecom, Retail and Ecommerce, Government, and Other application area. Retail and Ecommerce segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2027. The retail and eCommerce application area is a global network of suppliers, retailers, eCommerce portals, and customers who engage in both physical stores and digital online channels. Today, all retail and eCommerce businesses are investing heavily in improving their customers' experiences. The consumer experience is steadily improving due to blockchain technology. Retail and eCommerce enterprises can expect consumer loyalty if they provide a great client experience. The blockchain technology allows merchants to utilise smart contracts to resolve customer disputes without the need for court intervention. Based on the Organization Size, the market is segmented into Large Enterprises, and SMEs. Large Enterprises segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2027. Large enterprises in industries including insurance, financial services, healthcare, and supply chain are progressively attempting to digitalize their offerings, resulting in increased demand for blockchain technology. Blockchain technology is being used by large corporations such as BBVA, Intesa Sanpaolo, Barclays, and HSBC to improve their KYC and fund operations. They have sufficient resources and various assets to accept new technologies that are presented to the market.

Blockchain Market Regional Insights:

The North American region is expected to dominate the Blockchain Market during the forecast period 2022-2027. The North American region is expected to hold the largest market share of xx% by 2027. The North American blockchain market is growing due to the increased usage of blockchain technology by businesses in the region. Payment and wallet solutions, smart contracts, and digital identity detection solutions are being implemented in industries like as government, retail, and BFSI, necessitating the use of blockchain technologies. Furthermore, one of the key factors boosting regional market growth is the increased use of crypto currency among consumers in North America. Blockchain Market The objective of the report is to present a comprehensive analysis of the Global Blockchain Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Blockchain Market dynamic and structure by analyzing the market segments and projecting the Global Blockchain Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Blockchain Market make the report investor’s guide.

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Global Blockchain Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 4.90 Bn.
Forecast Period 2022 to 2027 CAGR: 68.4% Market Size in 2027: US $ 111.75 Bn.
Segments Covered: by Component • Platform • Services
by Services • Technology Advisory and Consulting • Development and Integration Services • Support and Maintenance
by Provider • Application • Middleware • Infrastructure
by Type • Public • Private • Hybrid
by Organization Size • Large Enterprises • SMEs
by Application Area • Transportation and Logistics • Agriculture and Food • Manufacturing • Energy and Utilities • Healthcare and Life Science • Media, Advertising and Entertainment • Banking and Financial Services • Insurance • IT and Telecom • Retail and Ecommerce • Government • Other application area

Blockchain Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Blockchain Market Key Players

IBM (US) • AWS (US) • SAP (Germany) • Intel (US) • Oracle (US) • Huawei (China) • Accenture (Ireland) • Wipro (India) • Bitfury (Amsterdam) • Chain (US) • Blockcypher (US) • Guardtime (Estonia) • Cegeka (Netherlands) • Symbiont (US) • BigchainDB (Germany) • Applied Blockchain (UK) • Auxesis Group (India) Frequently Asked Questions: 1] Which region is expected to hold the highest share in the Blockchain Market? Ans. North America is expected to hold the highest share in the Blockchain Market. 2] Who are the top key players in the Blockchain Market? Ans. IBM (US), AWS (US), SAP (Germany), Intel (US), Oracle (US), and Huawei (China) are the top key players in the Blockchain Market. 3] Which segment is expected to hold the largest market share in the Blockchain Market by 2027? Ans. Public Cloud segment is expected to hold the largest market share in the Blockchain Market by 2027. 4] What is the market size of the Blockchain Market by 2027? Ans. The market size of the Blockchain Market is expected to reach US $111.75 Bn. by 2027. 5] What was the market size of the Blockchain Market in 2021? Ans. The market size of the Blockchain Market was worth US $4.90 Bn. in 2021.
1. Global Blockchain Market: Research Methodology 2. Global Blockchain Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to the Global Blockchain Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Blockchain Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Blockchain Market Segmentation 4.1 Global Blockchain Market, by Component (2022-2027) • Platform • Services 4.2 Global Blockchain Market, by Services (2022-2027) • Technology Advisory and Consulting • Development and Integration Services • Support and Maintenance 4.3 Global Blockchain Market, by Provider (2022-2027) • Application • Middleware • Infrastructure 4.4 Global Blockchain Market, by Type (2022-2027) • Public • Private • Hybrid 4.5 Global Blockchain Market, by Organization Size (2022-2027) • Large Enterprises • SMEs 4.6 Global Blockchain Market, by Application Area (2022-2027) • Transportation and Logistics • Agriculture and Food • Manufacturing • Energy and Utilities • Healthcare and Life Science • Media, Advertising and Entertainment • Banking and Financial Services • Insurance • IT and Telecom • Retail and Ecommerce • Government • Other application area 5. North America Blockchain Market (2022-2027) 5.1 North America Blockchain Market, by Component (2022-2027) • Platform • Services 5.2 North America Blockchain Market, by Services (2022-2027) • Technology Advisory and Consulting • Development and Integration Services • Support and Maintenance 5.3 North America Blockchain Market, by Provider (2022-2027) • Application • Middleware • Infrastructure 5.4 North America Blockchain Market, by Type (2022-2027) • Public • Private • Hybrid 5.5 North America Blockchain Market, by Organization Size (2022-2027) • Large Enterprises • SMEs 5.6 North America Blockchain Market, by Application Area (2022-2027) • Transportation and Logistics • Agriculture and Food • Manufacturing • Energy and Utilities • Healthcare and Life Science • Media, Advertising and Entertainment • Banking and Financial Services • Insurance • IT and Telecom • Retail and Ecommerce • Government • Other application area 5.7 North America Blockchain Market, by Country (2022-2027) • United States • Canada • Mexico 6. Europe Blockchain Market (2022-2027) 6.1. Europe Blockchain Market, by Component (2022-2027) 6.2. Europe Blockchain Market, by Services (2022-2027) 6.3. Europe Blockchain Market, by Provider (2022-2027) 6.4. Europe Blockchain Market, by Type (2022-2027) 6.5. Europe Blockchain Market, by Organization Size (2022-2027) 6.6. Europe Blockchain Market, by Application Area (2022-2027) 6.7. Europe Blockchain Market, by Country (2022-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Blockchain Market (2022-2027) 7.1. Asia Pacific Blockchain Market, by Component (2022-2027) 7.2. Asia Pacific Blockchain Market, by Services (2022-2027) 7.3. Asia Pacific Blockchain Market, by Provider (2022-2027) 7.4. Asia Pacific Blockchain Market, by Type (2022-2027) 7.5. Asia Pacific Blockchain Market, by Organization Size (2022-2027) 7.6. Asia Pacific Blockchain Market, by Application Area (2022-2027) 7.7. Asia Pacific Blockchain Market, by Country (2022-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. South America Blockchain Market (2022-2027) 8.1. South America Blockchain Market, by Component (2022-2027) 8.2. South America Blockchain Market, by Services (2022-2027) 8.3. South America Blockchain Market, by Provider (2022-2027) 8.4. South America Blockchain Market, by Type (2022-2027) 8.5. South America Blockchain Market, by Organization Size (2022-2027) 8.6. South America Blockchain Market, by Application Area (2022-2027) 8.7. South America Blockchain Market, by Country (2022-2027) • Brazil • Argentina • Rest Of South America 9. Middle East and Africa Blockchain Market (2022-2027) 9.1 Middle East and Africa Blockchain Market, by Component (2022-2027) 9.2. Middle East and Africa Blockchain Market, by Services (2022-2027) 9.3. Middle East and Africa Blockchain Market, by Provider (2022-2027) 9.4. Middle East and Africa Blockchain Market, by Type (2022-2027) 9.5. Middle East and Africa Blockchain Market, by Organization Size (2022-2027) 9.6. Middle East and Africa Blockchain Market, by Application Area (2022-2027) 9.7. Middle East and Africa Blockchain Market, by Country (2022-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 10. Company Profile: Key players 10.1 IBM (US) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 AWS (US) 10.3 SAP (Germany) 10.4 Intel (US) 10.5 Oracle (US) 10.6 Huawei (China) 10.7 Accenture (Ireland) 10.8 Wipro (India) 10.9 Bitfury (Amsterdam) 10.10 Chain (US) 10.11 Blockcypher (US) 10.12 Guardtime (Estonia) 10.13 Cegeka (Netherlands) 10.14 Symbiont (US) 10.15 BigchainDB (Germany) 10.16 Applied Blockchain (UK) 10.17 Auxesis Group (India)

About This Report

Report ID 638
Category Information Technology & Telecommunication
Published Date June 2019
Updated Date May 2022
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