Blockchain Distributed Ledger Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Blockchain Distributed Ledger Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global blockchain distributed ledger market size reached US$ 4.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.7 Billion by 2028, exhibiting a growth rate (CAGR) of 30.6% during 2023-2028.

Blockchain distributed ledger refers to a decentralized database shared across a network spread over numerous geographical locations. It stores and records resources and transactions through a peer-to-peer network. The data is protected through cryptography, which gets locked in linked and secured blocks. The technology is majorly used for making payments, smart contracts, supply chain management, compliance management and trade finance. It aids in increasing the speed of data transfer and eliminates the need for a third party in the business processes and provides improved capital optimization and security measurement.

Blockchain Distributed Ledger Market Trends:

Rapid digitization of the industries across the globe is one of the key factors creating a positive outlook for the market growth. Moreover, increasing demand for advanced technological solutions to minimize fraudulent activities, data theft and financial losses is providing a thrust to the growth of the market. Due to the onset of coronavirus (Covid-19) pandemic, organizations are increasingly adopting blockchain distributed ledgers to create, store and manage their data online. Additionally, various technological advancements, such as the integration of connected devices with the Internet of Things (IoT), cloud computing and artificial intelligence (AI) solutions, are acting as other growth-inducing factors. These innovative technologies aid in enhancing data security, preventing identity thefts and data tempering and minimizing unauthorized access to sensitive data of the users. Other factors, including significant improvements in the information technology (IT) infrastructure, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global blockchain distributed ledger market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, type, enterprise size, application and end use industry.

Breakup by Component:

Solution
Service

 
Breakup by Type:

Private
Public
Hybrid

Breakup by Enterprise Size:

Large Enterprises
Small and Medium Enterprises

Breakup by Application:

Payments
Smart Contracts
Supply Chain Management
Compliance Management
Trade Finance 
Others

Breakup by End Use Industry:

BFSI
Government and Public Sector
Manufacturing
Retail and E-Commerce
Media and Entertainment
Transportation and Logistics
Healthcare
Energy and Utilities
Others

Breakup by Region:

North America

United States
Canada


Asia-Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others


Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others


Latin America

Brazil
Mexico
Others


Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Accenture PLC, AlphaPoint, Amazon Web Services Inc. (Amazon.com Inc.), Auxesis Services & Technologies Ltd., Digital Asset Holdings LLC, Huawei Technologies Co. Ltd., Intel Corporation, International Business Machines Corporation, iXLedger, NTT DATA Corporation (The Nippon Telegraph and Telephone Corporation) and Visa Inc.

Key Questions Answered in This Report:

What was the size of the global blockchain distributed ledger market in 2022?
What is the expected growth rate of the global blockchain distributed ledger market during 2023-2028?
What has been the impact of COVID-19 on the global blockchain distributed ledger market?
What are the key factors driving the global blockchain distributed ledger market?
What is the breakup of the global blockchain distributed ledger market based on the component?
What is the breakup of the global blockchain distributed ledger market based on the type?
What is the breakup of the global blockchain distributed ledger market based on the enterprise size?
What is the breakup of the global blockchain distributed ledger market based on the application?
What is the breakup of the global blockchain distributed ledger market based on the end use industry?
What are the key regions in the global blockchain distributed ledger market?
Who are the key players/companies in the global blockchain distributed ledger market?