Blockchain Technology Market Size, Share & Trends Report

Blockchain Technology Market Size, Share & Trends Analysis Report By Type, By Component, By Application, By Enterprise Size, By End-use, By Offering, By Region, And Segment Forecasts, 2024 - 2030

Report ID: GVR-1-68038-329-4
Number of Pages: 140
Format: Electronic (PDF)

Historical Range: 2017 - 2023
Industry: Technology

Market Segmentation

Blockchain Technology Type Outlook (Revenue, USD Million, 2017 - 2030)
- Public Cloud
- Private Cloud
- Hybrid Cloud
Blockchain Technology Component Outlook (Revenue, USD Million, 2017 - 2030)
- Application & Solution
- Infrastructure & Protocols
- Middleware
Blockchain Technology Offering Outlook (Revenue, USD Million, 2017 - 2030)
- Platform
- Services
Blockchain Technology Application Outlook (Revenue, USD Million, 2017 - 2030)
- Digital Identity
- Exchanges
- Payments
- Smart Contracts
- Supply Chain Management
- Others
Blockchain Technology Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)
- Large Enterprises
- Small & Medium Enterprises
Blockchain Technology End Use Outlook (Revenue, USD Million, 2017 - 2030)
- Banking & Financial Services
- Government
- Healthcare
- Media & Entertainment
- Retail & eCommerce
- Transportation & Logistics
- Travel
- Manufacturing
- IT & Telecom
- Real Estate & Construction
- Energy & Utilities
- Others
Blockchain Technology Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
  - North America Blockchain Technology Market, by Type
    - Public Cloud
    - Private Cloud
    - Hybrid Cloud
  - North America Blockchain Technology Market, by Component
    - Application & Solution
    - Infrastructure & Protocols
    - Middleware
  - North America Blockchain Technology Market, by Offering
    - Platform
    - Services
  - North America Blockchain Technology Market, by Application
    - Digital Identity
    - Exchanges
    - Payments
    - Smart Contracts
    - Supply Chain Management
    - Others
  - North America Blockchain Technology Market, by Enterprise Size
    - Large Enterprises
    - Small & Medium Enterprises
  - North America Blockchain Technology Market, by End Use
    - Banking & Financial Services
    - Government
    - Healthcare
    - Media & Entertainment
    - Retail & eCommerce
    - Transportation & Logistics
    - Travel
    - Manufacturing
    - IT & Telecom
    - Real Estate & Construction
    - Energy & Utilities
    - Others
  - U.S.
    - U.S. Blockchain Technology Market, by Type
      - Public Cloud
      - Private Cloud
      - Hybrid Cloud
    - U.S. Blockchain Technology Market, by Component
      - Application & Solution
      - Infrastructure & Protocols
      - Middleware
    - U.S. Blockchain Technology Market, by Offering
      - Platform
      - Services
    - U.S. Blockchain Technology Market, by Application
      - Digital Identity
      - Exchanges
      - Payments
      - Smart Contracts
      - Supply Chain Management
      - Others
    - U.S. Blockchain Technology Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - U.S. Blockchain Technology Market, by End Use
      - Banking & Financial Services
      - Government
      - Healthcare
      - Media & Entertainment
      - Retail & eCommerce
      - Transportation & Logistics
      - Travel
      - Manufacturing
      - IT & Telecom
      - Real Estate & Construction
      - Energy & Utilities
      - Others
  - Canada
    - Canada Blockchain Technology Market, by Type
      - Public Cloud
      - Private Cloud
      - Hybrid Cloud
    - Canada Blockchain Technology Market, by Component
      - Application & Solution
      - Infrastructure & Protocols
      - Middleware
    - Canada Blockchain Technology Market, by Offering
      - Platform
      - Services
    - Canada Blockchain Technology Market, by Application
      - Digital Identity
      - Exchanges
      - Payments
      - Smart Contracts
      - Supply Chain Management
      - Others
    - Canada Blockchain Technology Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
      - Canada Blockchain Technology Market, by End Use
      - Banking & Financial Services
      - Government
      - Healthcare
      - Media & Entertainment
      - Retail & eCommerce
      - Transportation & Logistics
      - Travel
      - Manufacturing
      - IT & Telecom
      - Real Estate & Construction
      - Energy & Utilities
      - Others
  - Mexico
    - Mexico Blockchain Technology Market, by Type
      - Public Cloud
      - Private Cloud
      - Hybrid Cloud
    - Mexico Blockchain Technology Market, by Component
      - Application & Solution
      - Infrastructure & Protocols
      - Middleware
    - Mexico Blockchain Technology Market, by Offering
      - Platform
      - Services
    - Mexico Blockchain Technology Market, by Application
      - Digital Identity
      - Exchanges
      - Payments
      - Smart Contracts
      - Supply Chain Management
      - Others
    - Mexico Blockchain Technology Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - Mexico Blockchain Technology Market, by End Use
      - Banking & Financial Services
      - Government
      - Healthcare
      - Media & Entertainment
      - Retail & eCommerce
      - Transportation & Logistics
      - Travel
      - Manufacturing
      - IT & Telecom
      - Real Estate & Construction
      - Energy & Utilities
      - Others
- Europe
  - Europe Blockchain Technology Market, by Type
    - Public Cloud
    - Private Cloud
    - Hybrid Cloud
  - Europe Blockchain Technology Market, by Component
    - Application & Solution
    - Infrastructure & Protocols
    - Middleware
  - Europe Blockchain Technology Market, by Offering
    - Platform
    - Services
  - Europe Blockchain Technology Market, by Application
    - Digital Identity
    - Exchanges
    - Payments
    - Smart Contracts
    - Supply Chain Management
    - Others
  - Europe Blockchain Technology Market, by Enterprise Size
    - Large Enterprises
    - Small & Medium Enterprises
  - Europe Blockchain Technology Market, by End Use
    - Banking & Financial Services
    - Government
    - Healthcare
    - Media & Entertainment
    - Retail & eCommerce
    - Transportation & Logistics
    - Travel
    - Manufacturing
    - IT & Telecom
    - Real Estate & Construction
    - Energy & Utilities
    - Others
  - U.K.
    - U.K. Blockchain Technology Market, by Type
      - Public Cloud
      - Private Cloud
      - Hybrid Cloud
    - U.K. Blockchain Technology Market, by Component
      - Application & Solution
      - Infrastructure & Protocols
      - Middleware
    - U.K. Blockchain Technology Market, by Offering
      - Platform
      - Services
    - U.K. Blockchain Technology Market, by Application
      - Digital Identity
      - Exchanges
      - Payments
      - Smart Contracts
      - Supply Chain Management
      - Others
    - U.K. Blockchain Technology Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - U.K. Blockchain Technology Market, by End Use
      - Banking & Financial Services
      - Government
      - Healthcare
      - Media & Entertainment
      - Retail & eCommerce
      - Transportation & Logistics
      - Travel
      - Manufacturing
      - IT & Telecom
      - Real Estate & Construction
      - Energy & Utilities
      - Others
  - Germany
    - Germany Blockchain Technology Market, by Type
      - Public Cloud
      - Private Cloud
      - Hybrid Cloud
    - Germany Blockchain Technology Market, by Component
      - Application & Solution
      - Infrastructure & Protocols
      - Middleware
    - Germany Blockchain Technology Market, by Offering
      - Platform
      - Services
    - Germany Blockchain Technology Market, by Application
      - Digital Identity
      - Exchanges
      - Payments
      - Smart Contracts
      - Supply Chain Management
      - Others
    - Germany Blockchain Technology Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - Germany Blockchain Technology Market, by End Use
      - Banking & Financial Services
      - Government
      - Healthcare
      - Media & Entertainment
      - Retail & eCommerce
      - Transportation & Logistics
      - Travel
      - Manufacturing
      - IT & Telecom
      - Real Estate & Construction
      - Energy & Utilities
      - Others
  - France
    - France Blockchain Technology Market, by Type
      - Public Cloud
      - Private Cloud
      - Hybrid Cloud
    - France Blockchain Technology Market, by Component
      - Application & Solution
      - Infrastructure & Protocols
      - Middleware
    - France Blockchain Technology Market, by Offering
      - Platform
      - Services
    - France Blockchain Technology Market, by Application
      - Digital Identity
      - Exchanges
      - Payments
      - Smart Contracts
      - Supply Chain Management
      - Others
    - France Blockchain Technology Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
      - France Blockchain Technology Market, by End Use
      - Banking & Financial Services
      - Government
      - Healthcare
      - Media & Entertainment
      - Retail & eCommerce
      - Transportation & Logistics
      - Travel
      - Manufacturing
      - IT & Telecom
      - Real Estate & Construction
      - Energy & Utilities
      - Others
- Asia Pacific
  - Asia Pacific Blockchain Technology Market, by Type
    - Public Cloud
    - Private Cloud
    - Hybrid Cloud
  - Asia Pacific Blockchain Technology Market, by Component
    - Application & Solution
    - Infrastructure & Protocols
    - Middleware
  - Asia Pacific Blockchain Technology Market, by Offering
    - Platform
    - Services
  - Asia Pacific Blockchain Technology Market, by Application
    - Digital Identity
    - Exchanges
    - Payments
    - Smart Contracts
    - Supply Chain Management
    - Others
  - Asia Pacific Blockchain Technology Market, by Enterprise Size
    - Large Enterprises
    - Small & Medium Enterprises
  - Asia Pacific Blockchain Technology Market, by End Use
    - Banking & Financial Services
    - Government
    - Healthcare
    - Media & Entertainment
    - Retail & eCommerce
    - Transportation & Logistics
    - Travel
    - Manufacturing
    - IT & Telecom
    - Real Estate & Construction
    - Energy & Utilities
    - Others
  - China
    - China Blockchain Technology Market, by Type
      - Public Cloud
      - Private Cloud
      - Hybrid Cloud
    - China Blockchain Technology Market, by Component
      - Application & Solution
      - Infrastructure & Protocols
      - Middleware
    - China Blockchain Technology Market, by Offering
      - Platform
      - Services
    - China Blockchain Technology Market, by Application
      - Digital Identity
      - Exchanges
      - Payments
      - Smart Contracts
      - Supply Chain Management
      - Others
    - China Blockchain Technology Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - China Blockchain Technology Market, by End Use
      - Banking & Financial Services
      - Government
      - Healthcare
      - Media & Entertainment
      - Retail & eCommerce
      - Transportation & Logistics
      - Travel
      - Manufacturing
      - IT & Telecom
      - Real Estate & Construction
      - Energy & Utilities
      - Others
  - Japan
    - Japan Blockchain Technology Market, by Type
      - Public Cloud
      - Private Cloud
      - Hybrid Cloud
    - Japan Blockchain Technology Market, by Component
      - Application & Solution
      - Infrastructure & Protocols
      - Middleware
    - Japan Blockchain Technology Market, by Offering
      - Platform
      - Services
    - Japan Blockchain Technology Market, by Application
      - Digital Identity
      - Exchanges
      - Payments
      - Smart Contracts
      - Supply Chain Management
      - Others
    - Japan Blockchain Technology Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - Japan Blockchain Technology Market, by End Use
      - Banking & Financial Services
      - Government
      - Healthcare
      - Media & Entertainment
      - Retail & eCommerce
      - Transportation & Logistics
      - Travel
      - Manufacturing
      - IT & Telecom
      - Real Estate & Construction
      - Energy & Utilities
      - Others
  - Australia
    - Australia Blockchain Technology Market, by Type
      - Public Cloud
      - Private Cloud
      - Hybrid Cloud
    - Australia Blockchain Technology Market, by Component
      - Application & Solution
      - Infrastructure & Protocols
      - Middleware
    - Australia Blockchain Technology Market, by Offering
      - Platform
      - Services
    - Australia Blockchain Technology Market, by Application
      - Digital Identity
      - Exchanges
      - Payments
      - Smart Contracts
      - Supply Chain Management
      - Others
    - Australia Blockchain Technology Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - Australia Blockchain Technology Market, by End Use
      - Banking & Financial Services
      - Government
      - Healthcare
      - Media & Entertainment
      - Retail & eCommerce
      - Transportation & Logistics
      - Travel
      - Manufacturing
      - IT & Telecom
      - Real Estate & Construction
      - Energy & Utilities
      - Others
  - India
    - India Blockchain Technology Market, by Type
      - Public Cloud
      - Private Cloud
      - Hybrid Cloud
    - India Blockchain Technology Market, by Component
      - Application & Solution
      - Infrastructure & Protocols
      - Middleware
    - India Blockchain Technology Market, by Offering
      - Platform
      - Services
    - India Blockchain Technology Market, by Application
      - Digital Identity
      - Exchanges
      - Payments
      - Smart Contracts
      - Supply Chain Management
      - Others
    - India Blockchain Technology Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - India Blockchain Technology Market, by End Use
      - Banking & Financial Services
      - Government
      - Healthcare
      - Media & Entertainment
      - Retail & eCommerce
      - Transportation & Logistics
      - Travel
      - Manufacturing
      - IT & Telecom
      - Real Estate & Construction
      - Energy & Utilities
      - Others
  - South Korea
    - South Korea Blockchain Technology Market, by Type
      - Public Cloud
      - Private Cloud
      - Hybrid Cloud
    - South Korea Blockchain Technology Market, by Component
      - Application & Solution
      - Infrastructure & Protocols
      - Middleware
    - South Korea Blockchain Technology Market, by Offering
      - Platform
      - Services
    - South Korea Blockchain Technology Market, by Application
      - Digital Identity
      - Exchanges
      - Payments
      - Smart Contracts
      - Supply Chain Management
      - Others
    - South Korea Blockchain Technology Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - South Korea Blockchain Technology Market, by End Use
      - Banking & Financial Services
      - Government
      - Healthcare
      - Media & Entertainment
      - Retail & eCommerce
      - Transportation & Logistics
      - Travel
      - Manufacturing
      - IT & Telecom
      - Real Estate & Construction
      - Energy & Utilities
      - Others
- South America
  - South America Blockchain Technology Market, by Type
    - Public Cloud
    - Private Cloud
    - Hybrid Cloud
  - South America Blockchain Technology Market, by Component
    - Application & Solution
    - Infrastructure & Protocols
    - Middleware
  - South America Blockchain Technology Market, by Offering
    - Platform
    - Services
  - South America Blockchain Technology Market, by Application
    - Digital Identity
    - Exchanges
    - Payments
    - Smart Contracts
    - Supply Chain Management
    - Others
  - South America Blockchain Technology Market, by Enterprise Size
    - Large Enterprises
    - Small & Medium Enterprises
  - South America Blockchain Technology Market, by End Use
    - Banking & Financial Services
    - Government
    - Healthcare
    - Media & Entertainment
    - Retail & eCommerce
    - Transportation & Logistics
    - Travel
    - Manufacturing
    - IT & Telecom
    - Real Estate & Construction
    - Energy & Utilities
    - Others
  - Brazil
    - Brazil Blockchain Technology Market, by Type
      - Public Cloud
      - Private Cloud
      - Hybrid Cloud
    - Brazil Blockchain Technology Market, by Component
      - Application & Solution
      - Infrastructure & Protocols
      - Middleware
    - Brazil Blockchain Technology Market, by Offering
      - Platform
      - Services
    - Brazil Blockchain Technology Market, by Application
      - Digital Identity
      - Exchanges
      - Payments
      - Smart Contracts
      - Supply Chain Management
      - Others
    - Brazil Blockchain Technology Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - Brazil Blockchain Technology Market, by End Use
      - Banking & Financial Services
      - Government
      - Healthcare
      - Media & Entertainment
      - Retail & eCommerce
      - Transportation & Logistics
      - Travel
      - Manufacturing
      - IT & Telecom
      - Real Estate & Construction
      - Energy & Utilities
      - Others
- MEA
  - MEA Blockchain Technology Market, by Type
    - Public Cloud
    - Private Cloud
    - Hybrid Cloud
  - MEA Blockchain Technology Market, by Component
    - Application & Solution
    - Infrastructure & Protocols
    - Middleware
  - MEA Blockchain Technology Market, by Offering
    - Platform
    - Services
  - MEA Blockchain Technology Market, by Application
    - Digital Identity
    - Exchanges
    - Payments
    - Smart Contracts
    - Supply Chain Management
    - Others
  - MEA Blockchain Technology Market, by Enterprise Size
    - Large Enterprises
    - Small & Medium Enterprises
  - MEA Blockchain Technology Market, by End Use
    - Banking & Financial Services
    - Government
    - Healthcare
    - Media & Entertainment
    - Retail & eCommerce
    - Transportation & Logistics
    - Travel
    - Manufacturing
    - IT & Telecom
    - Real Estate & Construction
    - Energy & Utilities
    - Others
  - Kingdom of Saudi Arabia (KSA)
    - Kingdom of Saudi Arabia (KSA) Blockchain Technology Market, by Type
      - Public Cloud
      - Private Cloud
      - Hybrid Cloud
    - Kingdom of Saudi Arabia (KSA) Blockchain Technology Market, by Component
      - Application & Solution
      - Infrastructure & Protocols
      - Middleware
    - Kingdom of Saudi Arabia (KSA) Blockchain Technology Market, by Offering
      - Platform
      - Services
    - Kingdom of Saudi Arabia (KSA) Blockchain Technology Market, by Application
      - Digital Identity
      - Exchanges
      - Payments
      - Smart Contracts
      - Supply Chain Management
      - Others
    - Kingdom of Saudi Arabia (KSA) Blockchain Technology Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - Kingdom of Saudi Arabia (KSA) Blockchain Technology Market, by End Use
      - Banking & Financial Services
      - Government
      - Healthcare
      - Media & Entertainment
      - Retail & eCommerce
      - Transportation & Logistics
      - Travel
      - Manufacturing
      - IT & Telecom
      - Real Estate & Construction
      - Energy & Utilities
      - Others
  - UAE
    - UAE Blockchain Technology Market, by Type
      - Public Cloud
      - Private Cloud
      - Hybrid Cloud
    - UAE Blockchain Technology Market, by Component
      - Application & Solution
      - Infrastructure & Protocols
      - Middleware
    - UAE Blockchain Technology Market, by Offering
      - Platform
      - Services
    - UAE Blockchain Technology Market, by Application
      - Digital Identity
      - Exchanges
      - Payments
      - Smart Contracts
      - Supply Chain Management
      - Others
    - UAE Blockchain Technology Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - UAE Blockchain Technology Market, by End Use
      - Banking & Financial Services
      - Government
      - Healthcare
      - Media & Entertainment
      - Retail & eCommerce
      - Transportation & Logistics
      - Travel
      - Manufacturing
      - IT & Telecom
      - Real Estate & Construction
      - Energy & Utilities
      - Others
  - South Africa
    - South Africa Blockchain Technology Market, by Type
      - Public Cloud
      - Private Cloud
      - Hybrid Cloud
    - South Africa Blockchain Technology Market, by Component
      - Application & Solution
      - Infrastructure & Protocols
      - Middleware
    - South Africa Blockchain Technology Market, by Offering
      - Platform
      - Services
    - South Africa Blockchain Technology Market, by Application
      - Digital Identity
      - Exchanges
      - Payments
      - Smart Contracts
      - Supply Chain Management
      - Others
    - South Africa Blockchain Technology Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
      - South Africa Blockchain Technology Market, by End Use
      - Banking & Financial Services
      - Government
      - Healthcare
      - Media & Entertainment
      - Retail & eCommerce
      - Transportation & Logistics
      - Travel
      - Manufacturing
      - IT & Telecom
      - Real Estate & Construction
      - Energy & Utilities
      - Others

Blockchain Technology Market Dynamics

Driver: Increasing popularity and acceptance of cryptocurrency

Blockchain forms the base technology for Bitcoin, a cryptocurrency that is created and managed using an advanced encryption technique called cryptography. Blockchain technology offers numerous benefits, such as decentralization and transaction anonymity. Due to the use of advanced encryption and decryption techniques, the application portfolio of this technology is widening to cover several industries. One of the major factors encouraging the use of cryptocurrencies is the absence of a financial entity to initiate and validate transactions. Blockchain technology rather enables each coin owner to transfer the desired amount to the other party, provided the recipient is connected to the same network. Such an approach improves the efficiency of the transaction by eliminating the need for a trusted third party, thereby speeding up the process.

The higher level of encryption in transactions makes blockchain a superior database, whereby data can be accessed for audit purposes but cannot be changed or altered. Such an arrangement eliminates conventional risk factors that online financial transactions are commonly exposed to. The acceptance of blockchain-based cryptocurrencies is growing as a result. Numerous businesses globally are allowing payment settlements using cryptocurrency. The increasing acceptance of digital currencies by the majority of the financial industry is expected to drive the adoption of blockchain technology.

Driver: Release of alternative cryptocurrencies

The growing momentum of Bitcoins has caused several other cryptocurrencies to surface. Some prominent alternative cryptocurrencies include Litecoin, Ripple, and MintChip. Litecoin is an alternative cryptocurrency designed to accelerate smaller transactions. It was released in 2011 and has gained considerable attention since then. As the name goes, Litecoins can be mined using a conventional desktop computer. The maximum limit of a Litecoin is 84 million, which is almost four times that of a Bitcoin. Litecoins require a processing time of just 2.5 minutes, which is almost one-fourth of that of a Bitcoin.

MintChip is another cryptocurrency that has been gaining momentum. It is a creation of the Royal Canadian Mint and serves as a smartcard that holds an electronic value. With the backing of the Canadian dollar, it allows a financial transaction within the chips without the need for any kind of personal identification.

Restraint: Regulatory uncertainties

A major factor restraining market growth is the absence of dedicated regulations to regulate the use of blockchain for fintech applications. Unlike Bitcoins, blockchain technology creates a distributed ledger with the known participants that are already defined in advance with the necessary KYC approvals. Furthermore, a high degree of transparency, an auditable transaction log, and lower infrastructure costs along with low counterparty risks are some crucial factors that have eliminated the need for a financial entity to initiate and validate transactions.

Nevertheless, regulators and policymakers at the national, international, and super-national levels are still concerned about the blockchain technology. The current issue revolves around whether blockchain applications require registration under the existing commission regulatory regimes, such as those applicable to clearing agents or transfer agents. Uncertainty exists regarding the integration of such systems within the federal securities regulations.

What Does This Report Include?

This section will provide insights into the contents included in this blockchain technology market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Blockchain technology market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Blockchain technology market quantitative analysis

Market size, estimates, and forecast from 2017 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

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