Europe Blockchain Interoperability Market Size, Share & Industry Trends Analysis Report By Solution (Cross-chain Bridging, Cross-chain APIs, Federated or Consortium Interoperability), By Application, By Vertical, By Country and Growth Forecast, 2023 - 20

Europe Blockchain Interoperability Market Size, Share & Industry Trends Analysis Report By Solution (Cross-chain Bridging, Cross-chain APIs, Federated or Consortium Interoperability), By Application, By Vertical, By Country and Growth Forecast, 2023 - 2030


The Europe Blockchain Interoperability Market would witness market growth of 27.5% CAGR during the forecast period (2023-2030).

The capability to set up network interoperability throughout multiple blockchains is a further advanced manifestation of blockchain technology's potential to decentralize systems and economies. In the future, there may be thousands of application-specific blockchains that communicate with each other through a decentralized primary center.

The interoperable future will enable users to interchange currencies from various blockchains directly within their purses, eliminating the need to locate an exchange service. As they pursue more profitable strategies, yield producers will have greater flexibility in relocating their assets across supply chains. As blockchain technology becomes more accessible, more organizations will implement it. According to industry titans such as IBM, the absence of blockchain-building standards impedes their interoperability. Implementing generally accepted, simple-to-implement blockchain solutions would lower this barrier to adoption.

The European Commission has significant policy, legal and regulatory, and funding support for blockchain technology. Building a pan-European public services blockchain, promoting legal certainty, promoting blockchain for sustainability, increasing funding for research and innovation, supporting interoperability and standards, supporting blockchain skills development, and interacting with the community are the most important aspects of its blockchain strategy.

Approximately 6.9% of German businesses currently employ or intend to employ blockchain technology for their business processes. This is the conclusion of a recent survey conducted on account of the Hanseatic Blockchain Institute by the IFO Institute. The chemical sector is in the lead, with 14% of businesses utilizing the technology for business processes. 13% of companies in the automotive sector utilize blockchain technology, and roughly 20% have intentions to do so. At least one in ten manufacturers of food and animal feed, data processing equipment, electrical equipment, printed matter, furniture, and machinery and equipment use blockchain technology or have plans to do so. These factors would facilitate the expansion of the European market.

The Germany market dominated the Europe Blockchain Interoperability Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $143.7 million by 2030. The UK market is exhibiting a CAGR of 26.4% during (2023 - 2030). Additionally, The France market would experience a CAGR of 28.4% during (2023 - 2030).

Based on Solution, the market is segmented into Cross-chain Bridging, Cross-chain APIs, Federated or Consortium Interoperability, and Others. Based on Application, the market is segmented into dApps, Digital Assets/NFTs, Cross-chain Trading & Exchange, and Cross-chain Messaging & Data Sharing. Based on Vertical, the market is segmented into BFSI, Healthcare, Gaming & Entertainment, Telecommunication, Food & Agriculture, IT & ITeS, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, R3, LeewayHertz, Ontology, INERY PTE. LTD., Datachain, Inc., Quant Network Limited, Band protocol, LiquidApps and Orb Labs.

Scope of the Study

Market Segments covered in the Report:

By Solution
  • Cross-chain Bridging
  • Cross-chain APIs
  • Federated or Consortium Interoperability
  • Others
By Application
  • dApps
  • Digital Assets/NFTs
  • Cross-chain Trading & Exchange
  • Cross-chain Messaging & Data Sharing
By Vertical
  • BFSI
  • Healthcare
  • Gaming & Entertainment
  • Telecommunication
  • Food & Agriculture
  • IT & ITeS
  • Others
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
Companies Profiled
  • Oracle Corporation
  • R3
  • LeewayHertz
  • Ontology
  • INERY PTE. LTD.
  • Datachain, Inc.
  • Quant Network Limited
  • Band protocol
  • LiquidApps
  • Orb Labs
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Blockchain Interoperability Market, by Solution
1.4.2 Europe Blockchain Interoperability Market, by Application
1.4.3 Europe Blockchain Interoperability Market, by Vertical
1.4.4 Europe Blockchain Interoperability Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter Five Forces Analysis
Chapter 4. Europe Blockchain Interoperability Market by Solution
4.1 Europe Cross-chain Bridging Market by Country
4.2 Europe Cross-chain APIs Market by Country
4.3 Europe Federated or Consortium Interoperability Market by Country
4.4 Europe Others Market by Country
Chapter 5. Europe Blockchain Interoperability Market by Application
5.1 Europe dApps Market by Country
5.2 Europe Digital Assets/NFTs Market by Country
5.3 Europe Cross-chain Trading & Exchange Market by Country
5.4 Europe Cross-chain Messaging & Data Sharing Market by Country
Chapter 6. Europe Blockchain Interoperability Market by Vertical
6.1 Europe BFSI Market by Country
6.2 Europe Healthcare Market by Country
6.3 Europe Gaming & Entertainment Market by Country
6.4 Europe Telecommunication Market by Country
6.5 Europe Food & Agriculture Market by Country
6.6 Europe IT & ITeS Market by Country
6.7 Europe Others Market by Country
Chapter 7. Europe Blockchain Interoperability Market by Country
7.1 Germany Blockchain Interoperability Market
7.1.1 Germany Blockchain Interoperability Market by Solution
7.1.2 Germany Blockchain Interoperability Market by Application
7.1.3 Germany Blockchain Interoperability Market by Vertical
7.2 UK Blockchain Interoperability Market
7.2.1 UK Blockchain Interoperability Market by Solution
7.2.2 UK Blockchain Interoperability Market by Application
7.2.3 UK Blockchain Interoperability Market by Vertical
7.3 France Blockchain Interoperability Market
7.3.1 France Blockchain Interoperability Market by Solution
7.3.2 France Blockchain Interoperability Market by Application
7.3.3 France Blockchain Interoperability Market by Vertical
7.4 Russia Blockchain Interoperability Market
7.4.1 Russia Blockchain Interoperability Market by Solution
7.4.2 Russia Blockchain Interoperability Market by Application
7.4.3 Russia Blockchain Interoperability Market by Vertical
7.5 Spain Blockchain Interoperability Market
7.5.1 Spain Blockchain Interoperability Market by Solution
7.5.2 Spain Blockchain Interoperability Market by Application
7.5.3 Spain Blockchain Interoperability Market by Vertical
7.6 Italy Blockchain Interoperability Market
7.6.1 Italy Blockchain Interoperability Market by Solution
7.6.2 Italy Blockchain Interoperability Market by Application
7.6.3 Italy Blockchain Interoperability Market by Vertical
7.7 Rest of Europe Blockchain Interoperability Market
7.7.1 Rest of Europe Blockchain Interoperability Market by Solution
7.7.2 Rest of Europe Blockchain Interoperability Market by Application
7.7.3 Rest of Europe Blockchain Interoperability Market by Vertical
Chapter 8. Company Profiles
8.1 Oracle Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 R3
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Partnerships, Collaborations, and Agreements:
8.2.2.2 Product Launches and Product Expansions:
8.2.2.3 Acquisition and Mergers:
8.2.3 SWOT Analysis
8.3 LeewayHertz
8.3.1 Company Overview
8.3.2 SWOT Analysis
8.4 Ontology
8.4.1 Company Overview
8.4.2 Recent strategies and developments:
8.4.2.1 Partnerships, Collaborations, and Agreements:
8.5 INERY PTE. LTD.
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Product Launches and Product Expansions:
8.6 Datachain, Inc.
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Partnerships, Collaborations, and Agreements:
8.6.3 SWOT Analysis
8.7 Quant Network Limited
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Partnerships, Collaborations, and Agreements:
8.7.2.2 Product Launches and Product Expansions:
8.7.3 SWOT Analysis
8.8 Band protocol
8.8.1 Company Overview
8.8.2 SWOT Analysis
8.9 LiquidApps
8.9.1 Company Overview
8.9.2 SWOT Analysis
8.10. Orb Labs
8.10.1 Company Overview
8.10.2 SWOT Analysis

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