Global Blockchain Technology Market Size, Trends, Share 2030

Report Code: CMI10761

Published Date: July 2022

Pages: 220+

Category: Technology

Report Snapshot

CAGR: 68%

4.8B

2021

11.9B

2022

69B

2030

Source: CMI

Study Period:	2024-2033
Fastest Growing Market:	Asia-Pacific
Largest Market:	Europe

Major Players

IBM
AWS
Intel
Infosys
NTT Data
Others

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Reports Description

The global blockchain technology market size was estimated to be around USD 4.8 billion in 2021 and is expected to reach USD 69 billion by 2030, with a CAGR of roughly 68% between 2022 and 2030. The report examines the market drivers and restraints for blockchain technology as well as how they will affect demand over the forecast period. The paper also looks at international potential in the global blockchain sector.

Blockchain Technology Market: Overview

In your corporate network, you can track assets and keep track of transactions using a distributed database called a blockchain. The market for blockchain technology has increased as a result of the rising popularity of datebooks and information decentralization. The importance of blockchain in preserving secure, decentralized transaction records in cryptocurrency systems like Bitcoin is its most well-known feature. The goal of blockchain innovation is to establish trust without the aid of a reliable third party by guaranteeing the accuracy and security of data records.

Blockchain Technology Market: COVID–19 Impact Analysis

Every aspect of society has been impacted by the COVID-19 epidemic, including people and businesses. The Internet ecosystem is crucial to the global economy. Our reliance on internet commerce has grown significantly as a result of the COVID-19 pandemic. Services for consumers are offered online by BFSI, healthcare and life sciences, manufacturing, retail, transportation, logistics, and other industries. Vendors have observed a rise in interest in blockchain technology marketplaces.

Various governments and regulators are mandating both public and private firms to adopt new teleporting practices and maintain social distance during the COVID-19 pandemic crisis. People are becoming more likely to adopt blockchain as a result of the extensive use of mobile devices and the Internet worldwide. Organizations are more susceptible to privacy issues as a result of these shifting patterns and scattered IT environments, which are driving up demand for blockchain technology solutions.

Blockchain Technology Market: Growth Drivers

Since the launch of Bitcoin, blockchain technology has expanded quickly and is now being used for trading at a number of financial institutions. Over the past several years, the use of blockchain technology solutions has grown significantly in a range of corporate applications, including payments, exchanges, smart contracts, documents, and digital identities. This market has seen a large influx of start-ups who are now creating blockchain technology solutions.

Blockchain technology investment is growing as a result of cryptocurrencies becoming legal. Additionally, we exhort market players to work harder to enhance their offerings in order to achieve a competitive edge. In the near future, it is anticipated that these companies’ efforts will increase the effectiveness and efficiency of blockchain technology. Companies are working to combine blockchain technology with artificial intelligence (AI) capabilities to improve their products and open up new market expansion potential.

Global Blockchain Technology Market 2023 – 2032 (By Component)

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Blockchain Technology Market: Segmentation Analysis

The blockchain technology market is mainly segregated on the basis of component, provider, organization, and application.

Public cloud, private cloud, and hybrid cloud are three categories into which the global market is separated based on type. In 2021, the market was led by the public cloud sector. In a multi-tenant environment, public cloud blockchain shares computational resources with a number of other clients. Currently, numerous governmental organizations all around the world are fusing cloud technology with conventional methods. Public clouds are popular because they provide businesses with the ability to compete on price.

The market is segmented into apps and solutions, infrastructure and protocols, and middleware based on the components. In 2021, the market was largely dominated by the infrastructure and protocol segment. The rise of this market is being driven by an increase in demand for blockchain standards and protocols like Ethereum, open chain, and hyper-leisure.

Report Scope

Feature of the Report	Details
Market Size in 2021	USD 4.8 Billion
Projected Market Size in 2030	USD 69 Billion
CAGR Growth Rate	68% CAGR (2022-2030)
Base Year	2023
Forecast Period	2024-2033
Prominent Players	IBM, AWS, Intel, Infosys, NTT Data and Others
Key Segment	By Provider, By Component, By Organization, By Application and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

Key Insights:

The blockchain technology market is anticipated to expand annually at a CAGR of almost 68% throughout the projected period, according to the data supplied by our research analyst (2022-2030).
The blockchain technology market size was estimated to be worth roughly USD 4.8 billion in 2021 and is expected to increase to USD 69 billion by 2030. The market is expected to grow significantly over the coming years as a result of a number of driving factors.
According to type segmentation, the public cloud is expected to have the largest market share in 2021.
The infrastructure and protocol sector was the top revenue-generating category in 2021, according to component segmentation.
Geographically speaking, the “North America” region generated the most income in 2021.

Recent Development

May 2021 – Circle Internet Financial Ltd., a developer of blockchain technology, declared in May 2021 that it had secured $ 440 million from institutional and strategic investors. These monies were used by the business to grow both internally and externally.

Global Blockchain Technology Market 2023 – 2032 (By Billion)

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Regional Landscape

According to estimates, North America holds the largest market share in the blockchain technology industry. The region’s market expansion is anticipated to be fueled by early blockchain adoption and the existence of numerous securities and blockchain technology solution providers. As a means of enabling data security, preventing cyber attacks and industrial espionage, ensuring data security and confidentiality, and promoting business continuity, businesses in the region are progressively implementing security and vulnerability management solutions. It is being used by me.

Competitive Landscape

These major competitors in the blockchain technology market, along with their business profiles, recent advancements, and important market strategies, are the subject of in-depth competition analysis in the study.

Global Blockchain Technology Market 2023 – 2032 (By Organization)

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The global blockchain technology market is segmented as follows:

By Component

Platform
Services

By Provider

Application
Middleware
Infrastructure

By Organization

Large Enterprises
SMEs

By Application

Transportation and Logistics
Agriculture and Food
Energy and Utilities
BFSI
IT and Telecom
Government
Retail and E-commerce
Others

On the basis of Geography

North America

U.S.
Canada
Mexico
Rest of North America

Europe

Germany
France
U.K.
Italy
Spain
Rest of Europe

Asia Pacific

China
Japan
India
New Zealand
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

Table of Contents

Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
  - 1.3.1 Market Research Type
  - 1.3.2 Market research methodology
Chapter 2. Executive Summary
- 2.1 Global Blockchain Technology Market, (2022 – 2030) (USD Billion)
- 2.2 Global Blockchain Technology Market: snapshot
Chapter 3. Global Blockchain Technology Market – Industry Analysis
- 3.1 Blockchain Technology Market: Market Dynamics
- 3.2 Market Drivers
  - 3.2.1 Increase in venture capitalist investments in blockchain technology
  - 3.2.2 Driver 2
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
  - 3.7.1 Market attractiveness analysis By Component
  - 3.7.2 Market attractiveness analysis By Provider
  - 3.7.3 Market attractiveness analysis By Organization
  - 3.7.4 Market attractiveness analysis By Application
Chapter 4. Global Blockchain Technology Market- Competitive Landscape
- 4.1 Company market share analysis
  - 4.1.1 Global Blockchain Technology Market: company market share, 2021
- 4.2 Strategic development
  - 4.2.1 Acquisitions & mergers
  - 4.2.2 New Product launches
  - 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
  - 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
Chapter 5. Global Blockchain Technology Market – Component Analysis
- 5.1 Global Blockchain Technology Market overview: By Component
  - 5.1.1 Global Blockchain Technology Market share, By Component, 2021 and 2030
- 5.2 Platform
  - 5.2.1 Global Blockchain Technology Market by Platform, 2022 – 2030 (USD Billion)
- 5.3 Services
  - 5.3.1 Global Blockchain Technology Market by Services, 2022 – 2030 (USD Billion)
Chapter 6. Global Blockchain Technology Market – Provider Analysis
- 6.1 Global Blockchain Technology Market overview: By Provider
  - 6.1.1 Global Blockchain Technology Market share, By Provider, 2021 and 2030
- 6.2 Application
  - 6.2.1 Global Blockchain Technology Market by Application, 2022 – 2030 (USD Billion)
- 6.3 Middleware
  - 6.3.1 Global Blockchain Technology Market by Middleware, 2022 – 2030 (USD Billion)
- 6.4 Infrastructure
  - 6.4.1 Global Blockchain Technology Market by Infrastructure, 2022 – 2030 (USD Billion)
Chapter 7. Global Blockchain Technology Market – Organization Analysis
- 7.1 Global Blockchain Technology Market overview: By Organization
  - 7.1.1 Global Blockchain Technology Market share, By Organization, 2021 and 2030
- 7.2 Large Enterprises
  - 7.2.1 Global Blockchain Technology Market by Large Enterprises, 2022 – 2030 (USD Billion)
- 7.3 SMEs
  - 7.3.1 Global Blockchain Technology Market by SMEs, 2022 – 2030 (USD Billion)
Chapter 8. Global Blockchain Technology Market – Application Analysis
- 8.1 Global Blockchain Technology Market overview: By Application
  - 8.1.1 Global Blockchain Technology Market share, By Application, 2021 and 2030
- 8.2 Transportation and Logistics
  - 8.2.1 Global Blockchain Technology Market by Transportation and Logistics, 2022 – 2030 (USD Billion)
- 8.3 Agriculture and Food
  - 8.3.1 Global Blockchain Technology Market by Agriculture and Food, 2022 – 2030 (USD Billion)
- 8.4 Energy and Utilities
  - 8.4.1 Global Blockchain Technology Market by Energy and Utilities, 2022 – 2030 (USD Billion)
- 8.5 BFSI
  - 8.5.1 Global Blockchain Technology Market by BFSI, 2022 – 2030 (USD Billion)
- 8.6 IT and Telecom
  - 8.6.1 Global Blockchain Technology Market by IT and Telecom, 2022 – 2030 (USD Billion)
- 8.7 Government
  - 8.7.1 Global Blockchain Technology Market by Government, 2022 – 2030 (USD Billion)
- 8.8 Retail and E-commerce
  - 8.8.1 Global Blockchain Technology Market by Retail and E-commerce, 2022 – 2030 (USD Billion)
- 8.9 Others
  - 8.9.1 Global Blockchain Technology Market by Others, 2022 – 2030 (USD Billion)
Chapter 9. Blockchain Technology Industry – Regional Analysis
- 9.1 Global Blockchain Technology Industry Regional Overview
- 9.2 Global Blockchain Technology Industry Share, by Region, 2021 & 2030 (USD Billion)
- 9.3. North America
  - 9.3.1 North America Blockchain Technology Industry, 2022 – 2030 (USD Billion)
    - 9.3.1.1 North America Blockchain Technology Industry, by Country, 2022 – 2030 (USD Billion)
- 9.4 North America Blockchain Technology Industry, by Component, 2022 – 2030
  - 9.4.1 North America Blockchain Technology Industry, by Component, 2022 – 2030 (USD Billion)
- 9.5 North America Blockchain Technology Industry, by Provider, 2022 – 2030
  - 9.5.1 North America Blockchain Technology Industry, by Provider, 2022 – 2030 (USD Billion)
- 9.6 North America Blockchain Technology Industry, by Organization, 2022 – 2030
  - 9.6.1 North America Blockchain Technology Industry, by Organization, 2022 – 2030 (USD Billion)
- 9.7 North America Blockchain Technology Industry, by Application, 2022 – 2030
  - 9.7.1 North America Blockchain Technology Industry, by Application, 2022 – 2030 (USD Billion)
- 9.8. Europe
  - 9.8.1 Europe Blockchain Technology Industry, 2022 – 2030 (USD Billion)
    - 9.8.1.1 Europe Blockchain Technology Industry, by Country, 2022 – 2030 (USD Billion)
- 9.9 Europe Blockchain Technology Industry, by Component, 2022 – 2030
  - 9.9.1 Europe Blockchain Technology Industry, by Component, 2022 – 2030 (USD Billion)
- 9.10 Europe Blockchain Technology Industry, by Provider, 2022 – 2030
  - 9.10.1 Europe Blockchain Technology Industry, by Provider, 2022 – 2030 (USD Billion)
- 9.11 Europe Blockchain Technology Industry, by Organization, 2022 – 2030
  - 9.11.1 Europe Blockchain Technology Industry, by Organization, 2022 – 2030 (USD Billion)
- 9.12 Europe Blockchain Technology Industry, by Application, 2022 – 2030
  - 9.12.1 Europe Blockchain Technology Industry, by Application, 2022 – 2030 (USD Billion)
- 9.13. Asia Pacific
  - 9.13.1 Asia Pacific Blockchain Technology Industry, 2022 – 2030 (USD Billion)
    - 9.13.1.1 Asia Pacific Blockchain Technology Industry, by Country, 2022 – 2030 (USD Billion)
- 9.14 Asia Pacific Blockchain Technology Industry, by Component, 2022 – 2030
  - 9.14.1 Asia Pacific Blockchain Technology Industry, by Component, 2022 – 2030 (USD Billion)
- 9.15 Asia Pacific Blockchain Technology Industry, by Provider, 2022 – 2030
  - 9.15.1 Asia Pacific Blockchain Technology Industry, by Provider, 2022 – 2030 (USD Billion)
- 9.16 Asia Pacific Blockchain Technology Industry, by Organization, 2022 – 2030
  - 9.16.1 Asia Pacific Blockchain Technology Industry, by Organization, 2022 – 2030 (USD Billion)
- 9.17 Asia Pacific Blockchain Technology Industry, by Application, 2022 – 2030
  - 9.17.1 Asia Pacific Blockchain Technology Industry, by Application, 2022 – 2030 (USD Billion)
- 9.18. Latin America
  - 9.18.1 Latin America Blockchain Technology Industry, 2022 – 2030 (USD Billion)
    - 9.18.1.1 Latin America Blockchain Technology Industry, by Country, 2022 – 2030 (USD Billion)
- 9.19 Latin America Blockchain Technology Industry, by Component, 2022 – 2030
  - 9.19.1 Latin America Blockchain Technology Industry, by Component, 2022 – 2030 (USD Billion)
- 9.20 Latin America Blockchain Technology Industry, by Provider, 2022 – 2030
  - 9.20.1 Latin America Blockchain Technology Industry, by Provider, 2022 – 2030 (USD Billion)
- 9.21 Latin America Blockchain Technology Industry, by Organization, 2022 – 2030
  - 9.21.1 Latin America Blockchain Technology Industry, by Organization, 2022 – 2030 (USD Billion)
- 9.22 Latin America Blockchain Technology Industry, by Application, 2022 – 2030
  - 9.22.1 Latin America Blockchain Technology Industry, by Application, 2022 – 2030 (USD Billion)
- 9.23. The Middle-East and Africa
  - 9.23.1 The Middle-East and Africa Blockchain Technology Industry, 2022 – 2030 (USD Billion)
    - 9.23.1.1 The Middle-East and Africa Blockchain Technology Industry, by Country, 2022 – 2030 (USD Billion)
- 9.24 The Middle-East and Africa Blockchain Technology Industry, by Component, 2022 – 2030
  - 9.24.1 The Middle-East and Africa Blockchain Technology Industry, by Component, 2022 – 2030 (USD Billion)
- 9.25 The Middle-East and Africa Blockchain Technology Industry, by Provider, 2022 – 2030
  - 9.25.1 The Middle-East and Africa Blockchain Technology Industry, by Provider, 2022 – 2030 (USD Billion)
- 9.26 The Middle-East and Africa Blockchain Technology Industry, by Organization, 2022 – 2030
  - 9.26.1 The Middle-East and Africa Blockchain Technology Industry, by Organization, 2022 – 2030 (USD Billion)
- 9.27 The Middle-East and Africa Blockchain Technology Industry, by Application, 2022 – 2030
  - 9.27.1 The Middle-East and Africa Blockchain Technology Industry, by Application, 2022 – 2030 (USD Billion)
Chapter 10. Company Profiles
- 10.1 IBM
  - 10.1.1 Overview
  - 10.1.2 Financials
  - 10.1.3 Product Portfolio
  - 10.1.4 Business Strategy
  - 10.1.5 Recent Developments
- 10.2 AWS
  - 10.2.1 Overview
  - 10.2.2 Financials
  - 10.2.3 Product Portfolio
  - 10.2.4 Business Strategy
  - 10.2.5 Recent Developments
- 10.3 Intel
  - 10.3.1 Overview
  - 10.3.2 Financials
  - 10.3.3 Product Portfolio
  - 10.3.4 Business Strategy
  - 10.3.5 Recent Developments
- 10.4 Infosys
  - 10.4.1 Overview
  - 10.4.2 Financials
  - 10.4.3 Product Portfolio
  - 10.4.4 Business Strategy
  - 10.4.5 Recent Developments
- 10.5 NTT Data
  - 10.5.1 Overview
  - 10.5.2 Financials
  - 10.5.3 Product Portfolio
  - 10.5.4 Business Strategy
  - 10.5.5 Recent Developments

List Of Figures

Figures No 1 to 33

List Of Tables

Tables No 1 to 102

Report Segmentation

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective	Primary research	Secondary research
Supply-side	Manufacturers Technology distributors and wholesalers	Company reports and publications Government publications Independent investigations Economic and demographic data
Demand-side	End-user surveys Consumer surveys Mystery shopping	Case studies Reference customers

Market Analysis Matrix

Qualitative analysis

Quantitative analysis

Industry landscape and trends
Market dynamics and key issues
Technology landscape
Market opportunities
Porter’s analysis and PESTEL analysis
Competitive landscape and component benchmarking
Policy and regulatory scenario

Market revenue estimates and forecast up to 2028
Market revenue estimates and forecasts up to 2028, by technology
Market revenue estimates and forecasts up to 2028, by application
Market revenue estimates and forecasts up to 2028, by type
Market revenue estimates and forecasts up to 2028, by component
Regional market revenue forecasts, by technology
Regional market revenue forecasts, by application
Regional market revenue forecasts, by type
Regional market revenue forecasts, by component

List of the key players in the global blockchain technology market:

IBM
AWS
Intel
Infosys
NTT Data
Others

Global Blockchain Technology Market 2024 – 2033

Exclusive, in-depth market intelligence can help you increase your Revenue.

1 . Which region will dominate the global blockchain technology market?

2 . Which are the driving factors of the blockchain technology market?

3 . Who are the top players operating in the blockchain technology market?

4 . What will be the CAGR of global blockchain technology market?

5 . What is the existing size of blockchain technology market?

Global Blockchain Technology Market 2024 – 2033

Exclusive, in-depth market intelligence can help you increase your Revenue.

FAQs

1 . Which region will dominate the global blockchain technology market?

2 . Which are the driving factors of the blockchain technology market?

3 . Who are the top players operating in the blockchain technology market?

4 . What will be the CAGR of global blockchain technology market?

5 . What is the existing size of blockchain technology market?

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