The “Blockchain Technology Market Size, Share & Trends Analysis Report By Type, By Component, By Application, By Enterprise Size, By End-use, By Region, And Segment Forecasts, 2023 – 2030” report has been added to ResearchAndMarkets.com’s offering.
The global blockchain technology market size is expected to reach USD 1, 431.54 billion by 2030, growing at a CAGR of 87.7% from 2023 to 2030.
The market growth can be attributed to the increasing digitalization across the BFSI sector. Furthermore, the growing use of contactless blockchain digital ticketing at various events is also expected to drive the market’s growth.
The growing use of cryptocurrency worldwide is also anticipated to drive the market growth. This is because cryptocurrencies such as Ethereum and Bitcoin operate on blockchain technology. The demand for cryptocurrency is increasing due to benefits such as easy transactions, inflation hedges, and enhanced security. According to the statistics provided by TripleA, a cryptocurrency solution provider, more than 300 million people worldwide used or owned cryptocurrency in 2021.
Fintech Insights: Franchising Trends in the Digital Age
“Blockchain Technology Market Size, Share & Trends Analysis Report By Type, By Component, By Application, By Enterprise Size, By End-use, By Region, And Segment Forecasts, 2023 – 2030”
Blockchain Technology Market Report Highlights
- In terms of type, the public cloud segment is expected to retain its dominance over the forecast period. The accessibility and ease of deployment provided by public cloud services make them attractive to a wide range of organizations, from startups to large enterprises, facilitating broader adoption of blockchain technology
- In terms of component, the infrastructure & protocol segment dominated the market in 2022 and is expected to witness significant growth over the forecast period. The demand for the infrastructure & protocol is high among network developers as it helps them develop customized networks for their clients
- In terms of application, the digital identity segment is expected to emerge at the highest CAGR during the forecast period. The rise of online services, e-commerce, and remote work has accelerated the demand for robust digital identity solutions. Blockchain’s ability to enhance security, privacy, and user control over personal information aligns with these evolving needs
- In terms of enterprise size, the large enterprise segment dominated the market in 2022. The rapid adoption of blockchain technology by large enterprises to enable digital services across different business channels accentuated the segment growth
- In terms of end-use, the financial services segment dominated the market in 2022. The increasing investment in blockchain technology by finance service providers propelled the segment’s growth
- The Asia Pacific region’s large and rapidly expanding population, including a significant number of tech-savvy millennials, has created a vast user base and market for blockchain applications. This demographic is increasingly open to innovative financial services, such as cryptocurrencies and digital wallets, which are gaining traction in the region
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segment Snapshot
2.3 Competitive Landscape Snapshot
Chapter 3 Blockchain Technology Industry Outlook
3.1 Market Segmentation and Scope
3.2 Blockchain Technology Market – Value Chain Analysis
3.3 Blockchain Technology Market – Market Dynamics
3.3.1 Market driver analysis
3.3.1.1 Increasing acceptance of cryptocurrency among merchants
3.3.1.2 Growing market for alternative cryptocurrencies
3.3.1.3 Growing interest in blockchain among financial institutions
3.3.2 Market restraint analysis
3.3.2.1 Regulatory uncertainty
3.3.3 Market opportunity analysis
3.3.3.1 Instant settlement of financial transactions
3.3.3.2 Netting and clearing process to achieve an optimized settlement
3.4 Blockchain Technology Market – Market Adoption Timelines
3.5 Blockchain Technology Market – Porter’s Five Forces Analysis
3.6 Blockchain Technology Market – PESTEL Analysis
3.7 Blockchain in the Public Sector Market – Use Case Analysis
3.7.1 Exonum land title registry – Georgia
3.7.2 uPort decentralized identity – Zug, Switzerland
3.7.3 Government of Estonia
3.7.4 U.S.
3.7.5 Smart Dubai
3.8 Blockchain Technology Cost Analysis
3.8.1 Blockchain development through outsourcing
3.8.2 Blockchain solutions fundamental cost
3.8.2.1 Transaction volume
3.8.2.2 Transaction size
3.8.2.3 Node hosting method
3.8.2.4 Consensus protocol
3.8.3 Blockchain cost model
3.8.3.1 Assumptions
3.8.3.2 Cost model
3.9 Blockchain in the Public Sector Market – Funding Initiative Analysis
3.9.1 Blockchain funding initiatives in the public sector
Chapter 4 Blockchain Technology Type Outlook
4.1 Blockchain Technology Market Share by Type, 2022 & 2030
4.2 Public Cloud
4.3 Private Cloud
4.4 Hybrid Cloud
Chapter 5 Blockchain Technology Component Outlook
5.1 Blockchain Technology Market Share by Component, 2022 & 2030
5.2 Application & Solution
5.3 Infrastructure & Protocols
5.4 Middleware
Chapter 6 Blockchain Technology Application Outlook
6.1 Blockchain Technology Market Share by Application, 2022 & 2030
6.2 Digital Identity
6.3 Exchanges
6.4 Payments
6.5 Smart Contracts
6.6 Supply Chain Management
6.7 Others
Chapter 7 Blockchain Technology Enterprise Size Outlook
7.1 Blockchain Technology Market Share by Enterprise Size, 2022 & 2030
7.2 Large Enterprises
7.3 Small & Medium Enterprises
Chapter 8 Blockchain Technology End-use Outlook
8.1 Blockchain Technology Market Share by End-use, 2022 & 2030
8.2 Financial Services
8.3 Government
8.4 Healthcare
8.5 Media & Entertainment
8.6 Retail
8.7 Transportation & Logistics
8.8 Travel
Chapter 9 Blockchain Technology Regional Outlook
9.1 Blockchain Technology Market Share, by Region, 2022 & 2030
Chapter 10 Competitive Analysis
10.1 Recent Developments & Impact Analysis, By Key Market Participants
10.2 Company Categorization
10.3 Vendor Landscape
10.3.1 Key company ranking/company market share analysis, 2022
10.4 Company Analysis Tools
10.4.1 Company market position analysis
10.4.2 Competitive dashboard analysis
Chapter 11 Competitive Landscape
- BTL Group
- Chain
- Circle Internet Financial
- Deloitte Touche Tohmatsu
- Digital Asset Holdings
- Global Arena Holding
- IBM
- The Linux Foundation
- Microsoft
- Monax
- Ripple
Fintech Insights: 4 Factors Impacting Regional Bank Deposits—and How to Combat Them
[To share your insights with us, please write to pghosh@itechseries.com ]
