Blockchain Market by Component (Services, Software & Platforms), Provider (Application & Solution Providers, Infrastructure & Protocols Providers, Middleware Providers), Organization Size, Industry, Application - Global Forecast 2023-2030
The Blockchain Market is projected to reach USD 96.47 billion by 2030 from USD 9.47 billion in 2022, at a CAGR of 33.64% during the forecast period.
Market Segmentation & Coverage:
This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Blockchain Market.
- Based on Component, market is studied across Services and Software & Platforms. The Services is further studied across Development & Integration Services, Support & Maintenance, and Technology Advisory & Consulting Services. The Software & Platforms commanded largest market share of 66.27% in 2022, followed by Services.
- Based on Provider, market is studied across Application & Solution Providers, Infrastructure & Protocols Providers, and Middleware Providers. The Application & Solution Providers commanded largest market share of 48.13% in 2022, followed by Infrastructure & Protocols Providers.
- Based on Organization Size, market is studied across Large Enterprises and Small & Medium Enterprises. The Large Enterprises commanded largest market share of 74.59% in 2022, followed by Small & Medium Enterprises.
- Based on Industry, market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Manufacturing, Media & Entertainment, Telecommunication & Information Technology, and Travel & Hospitality. The Banking, Financial Services & Insurance commanded largest market share of 13.01% in 2022, followed by Aerospace & Defense.
- Based on Application, market is studied across Cross-Border Payments and Settlements, Energy Settlements, Identity Management, Lot Lineage/Provenance, Property Ownership Management, Supply Chain Management, and Trade Finance & Post-Trade Settlements. The Supply Chain Management commanded largest market share of 21.83% in 2022, followed by Cross-Border Payments and Settlements.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 42.45% in 2022, followed by Europe, Middle East & Africa.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is an indispensable tool for assessing the Blockchain Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:
The Market Share Analysis offers invaluable insights into the vendor landscape Blockchain Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:
The report delves into recent significant developments in the Blockchain Market, highlighting leading vendors and their innovative profiles. These include Accenture PLC, Accubits Technologies, Amazon Web Services, Inc., Appinventiv, BigchainDB GmbH, Bitfury Holding B.V., Cegeka NV, Chain by Stellar Development Foundation, Cognizant Technology Solutions Corporation, ConsenSys Software Inc., Digital Asset Holdings, LLC, Goldman Sachs, Hewlett Packard Enterprise Development LP, HIVE Blockchain Technologies Ltd., Huawei Cloud Computing Technologies Co., Ltd., Infosys Limited, Intel Corporation, International Business Machines Corporation, LeewayHertz, Microsoft Corporation, Oracle Corporation, PixelPlex Ltd., RSM US LLP., SAP SE, ScienceSoft USA Corporation, Suffescom Solutions Inc., Syncron Holding AB, TATA Consultancy Services Limited, ThinkSys Inc., TIBCO by Cloud Software Group, Inc., VMware, Inc. by Broadcom Inc., and Wipro Limited.
The report offers valuable insights on the following aspects:
- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast for the Blockchain Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Blockchain Market?
- What is the competitive strategic window for identifying opportunities in the Blockchain Market?
- What are the latest technology trends and regulatory frameworks in the Blockchain Market?
- What is the market share of the leading vendors in the Blockchain Market?
- Which modes and strategic moves are suitable for entering the Blockchain Market?
Note: PDF & Excel + Online Access - 1 Year
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Blockchain Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Upsurging demand for the real-time data analysis and enhanced visibility
- 5.1.1.2. Rising adoption of Blockchain technology in SCM, retail, and finance sectors for secure and transparent transactions
- 5.1.1.3. Supportive government initiatives for the blockchain services and platforms
- 5.1.2. Restraints
- 5.1.2.1. Concerns regarding scalability issues and lack of understanding and knowledge
- 5.1.3. Opportunities
- 5.1.3.1. Potential integration of blockchain technology with AI and IoT
- 5.1.3.2. Rising potential of blockchain technology in the capital markets
- 5.1.4. Challenges
- 5.1.4.1. Uncertain industry regulation and governance
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of COVID-19
- 5.5. Cumulative Impact of Russia-Ukraine Conflict
- 5.6. Cumulative Impact of High Inflation
- 5.7. Porter’s Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
- 5.8. Value Chain & Critical Path Analysis
- 5.9. Regulatory Framework
- 5.10. Client Customization
- 5.10.1. Use Cases
- 6. Blockchain Market, by Component
- 6.1. Introduction
- 6.2. Services
- 6.3.1. Development & Integration Services
- 6.3.2. Support & Maintenance
- 6.3.3. Technology Advisory & Consulting Services
- 6.3. Software & Platforms
- 7. Blockchain Market, by Provider
- 7.1. Introduction
- 7.2. Application & Solution Providers
- 7.3. Infrastructure & Protocols Providers
- 7.4. Middleware Providers
- 8. Blockchain Market, by Organization Size
- 8.1. Introduction
- 8.2. Large Enterprises
- 8.3. Small & Medium Enterprises
- 9. Blockchain Market, by Industry
- 9.1. Introduction
- 9.2. Aerospace & Defense
- 9.3. Automotive & Transportation
- 9.4. Banking, Financial Services & Insurance
- 9.5. Building, Construction & Real Estate
- 9.6. Consumer Goods & Retail
- 9.7. Education
- 9.8. Energy & Utilities
- 9.9. Government & Public Sector
- 9.10. Healthcare & Life Sciences
- 9.11. Manufacturing
- 9.12. Media & Entertainment
- 9.13. Telecommunication & Information Technology
- 9.14. Travel & Hospitality
- 10. Blockchain Market, by Application
- 10.1. Introduction
- 10.2. Cross-Border Payments and Settlements
- 10.3. Energy Settlements
- 10.4. Identity Management
- 10.5. Lot Lineage/Provenance
- 10.6. Property Ownership Management
- 10.7. Supply Chain Management
- 10.8. Trade Finance & Post-Trade Settlements
- 11. Americas Blockchain Market
- 11.1. Introduction
- 11.2. Argentina
- 11.3. Brazil
- 11.4. Canada
- 11.5. Mexico
- 11.6. United States
- 12. Asia-Pacific Blockchain Market
- 12.1. Introduction
- 12.2. Australia
- 12.3. China
- 12.4. India
- 12.5. Indonesia
- 12.6. Japan
- 12.7. Malaysia
- 12.8. Philippines
- 12.9. Singapore
- 12.10. South Korea
- 12.11. Taiwan
- 12.12. Thailand
- 12.13. Vietnam
- 13. Europe, Middle East & Africa Blockchain Market
- 13.1. Introduction
- 13.2. Denmark
- 13.3. Egypt
- 13.4. Finland
- 13.5. France
- 13.6. Germany
- 13.7. Israel
- 13.8. Italy
- 13.9. Netherlands
- 13.10. Nigeria
- 13.11. Norway
- 13.12. Poland
- 13.13. Qatar
- 13.14. Russia
- 13.15. Saudi Arabia
- 13.16. South Africa
- 13.17. Spain
- 13.18. Sweden
- 13.19. Switzerland
- 13.20. Turkey
- 13.21. United Arab Emirates
- 13.22. United Kingdom
- 14. Competitive Landscape
- 14.1. FPNV Positioning Matrix
- 14.2. Market Share Analysis, By Key Player
- 14.3. Competitive Scenario Analysis, By Key Player
- 14.3.1. Merger & Acquisition
- 14.3.1.1. OneSpan to Acquire Blockchain Technology Provider ProvenDB to Bring Secure Vaulting to the Future of Digital Transactions
- 14.3.1.2. Dev Information Technology Acquires Minddeft Technologies
- 14.3.2. Agreement, Collaboration, & Partnership
- 14.3.2.1. TourismX (TRMX) and Global Tourism Forum Announce Main Partnership Agreement to Drive Crypto and Blockchain Revolution for Tourism Industry
- 14.3.2.2. Web3 Platform Chainlink Labs Inks Agreement with PwC
- 14.3.2.3. SIMBA Chain and AFICC Form Historic Partnership to Streamline Federal Access to Blockchain Solutions
- 14.3.2.4. Fujitsu and SettleMint Embark on Global Strategic Agreement to Accelerate Enterprise Blockchain Technology
- 14.3.3. New Product Launch & Enhancement
- 14.3.3.1. EY Announces the Fourth Generation of EY Blockchain Analyzer: Reconciler with New Features for Blockchain and Cryptocurrency Audit Services
- 14.3.3.2. VMware Blockchain Unveils Enterprise Version of Ethereum
- 14.3.4. Investment & Funding
- 14.3.4.1. Bitgert Secures Significant Investment to Fuel it's Blockchain Development & Expansion Plans
- 14.3.4.2. CoinSwitch Launches USD 10 Million Fund to Invest in 100 Web3 Startup
- 14.3.5. Award, Recognition, & Expansion
- 14.3.5.1. Reserve Bank of India Approves Firm to Deploy Blockchain Solution for Cross-Border Payments
- 14.3.5.2. DMG Granted Crypto Patent to Meet the Growing Focus of Regulators
- 15. Competitive Portfolio
- 15.1. Key Company Profiles
- 15.1.1. Accenture PLC
- 15.1.2. Accubits Technologies
- 15.1.3. Amazon Web Services, Inc.
- 15.1.4. Appinventiv
- 15.1.5. BigchainDB GmbH
- 15.1.6. Bitfury Holding B.V.
- 15.1.7. Cegeka NV
- 15.1.8. Chain by Stellar Development Foundation
- 15.1.9. Cognizant Technology Solutions Corporation
- 15.1.10. ConsenSys Software Inc.
- 15.1.11. Digital Asset Holdings, LLC
- 15.1.12. Goldman Sachs
- 15.1.13. Hewlett Packard Enterprise Development LP
- 15.1.14. HIVE Blockchain Technologies Ltd.
- 15.1.15. Huawei Cloud Computing Technologies Co., Ltd.
- 15.1.16. Infosys Limited
- 15.1.17. Intel Corporation
- 15.1.18. International Business Machines Corporation
- 15.1.19. LeewayHertz
- 15.1.20. Microsoft Corporation
- 15.1.21. Oracle Corporation
- 15.1.22. PixelPlex Ltd.
- 15.1.23. RSM US LLP.
- 15.1.24. SAP SE
- 15.1.25. ScienceSoft USA Corporation
- 15.1.26. Suffescom Solutions Inc.
- 15.1.27. Syncron Holding AB
- 15.1.28. TATA Consultancy Services Limited
- 15.1.29. ThinkSys Inc.
- 15.1.30. TIBCO by Cloud Software Group, Inc.
- 15.1.31. VMware, Inc. by Broadcom Inc.
- 15.1.32. Wipro Limited
- 15.2. Key Product Portfolio
- 16. Appendix
- 16.1. Discussion Guide
- 16.2. License & Pricing
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