North America 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, 20

North America 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 North America Blockchain Interoperability Market would witness market growth of 26.7% CAGR during the forecast period (2023-2030).

The requirement for seamless communication and data exchange among various blockchain networks, the rising acceptance of decentralized applications across sectors, the demand for cross-chain asset transfers, and the increasing significance of compliance with regulations and standardized practices in the blockchain ecosystem are the primary drivers of growth for the market. In addition to these factors, enhanced collaboration and ecosystem growth fuel the demand for blockchain interoperability.

Blockchain technology has a wide variety of industry-specific applications, but the primary advantages are data transparency and verifiability, decentralized consensus, and smart contract execution. Once blockchains utilized by different companies and sectors are able to communicate with each other, previously independent markets and company applications are going to be able to exchange data and value with greater ease. This means that organizations and communities that do not normally interact will be able to share information, leverage each other's strengths, and foster innovation more easily and effectively.

American enterprises are the most innovative in the globe. Digital asset companies are not unique. The United States is home to approximately fifty percent of the world's 100 most valuable financial technology companies in 2022, the majority of which trade in digital asset services. Urban and Pineda list numerous Canadian government agencies experimenting with blockchain in a policy book published by the Mowat Centre for Policy Innovation at the University of Toronto, including Innovation, Science and Economic Development Canada, the Treasury Board of Canada Secretariat, and the National Research Council of Canada (NRCC). The Industrial Research Assistance Program of the NRCC utilized an Ethereum blockchain in January 2018 to "proactively publish grant and contribution data in real-time." Multiple levels of government, including the Government of Ontario, the City of Toronto, and the Government of British Columbia, have adopted the use of blockchain for permits. In light of these factors, it is anticipated that the market will expand.

The US market dominated the North America Blockchain Interoperability Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $628.7 million by 2030. The Canada market is experiencing a CAGR of 29.5% during (2023 - 2030). Additionally, The Mexico market would exhibit 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 U.S., Mexico, Canada, and Rest of North America.

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
  • US
  • Canada
  • Mexico
  • Rest of North America
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 North America Blockchain Interoperability Market, by Solution
1.4.2 North America Blockchain Interoperability Market, by Application
1.4.3 North America Blockchain Interoperability Market, by Vertical
1.4.4 North America 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. North America Blockchain Interoperability Market by Solution
4.1 North America Cross-chain Bridging Market by Country
4.2 North America Cross-chain APIs Market by Country
4.3 North America Federated or Consortium Interoperability Market by Country
4.4 North America Others Market by Country
Chapter 5. North America Blockchain Interoperability Market by Application
5.1 North America dApps Market by Country
5.2 North America Digital Assets/NFTs Market by Country
5.3 North America Cross-chain Trading & Exchange Market by Country
5.4 North America Cross-chain Messaging & Data Sharing Market by Country
Chapter 6. North America Blockchain Interoperability Market by Vertical
6.1 North America BFSI Market by Country
6.2 North America Healthcare Market by Country
6.3 North America Gaming & Entertainment Market by Country
6.4 North America Telecommunication Market by Country
6.5 North America Food & Agriculture Market by Country
6.6 North America IT & ITeS Market by Country
6.7 North America Others Market by Country
Chapter 7. North America Blockchain Interoperability Market by Country
7.1 US Blockchain Interoperability Market
7.1.1 US Blockchain Interoperability Market by Solution
7.1.2 US Blockchain Interoperability Market by Application
7.1.3 US Blockchain Interoperability Market by Vertical
7.2 Canada Blockchain Interoperability Market
7.2.1 Canada Blockchain Interoperability Market by Solution
7.2.2 Canada Blockchain Interoperability Market by Application
7.2.3 Canada Blockchain Interoperability Market by Vertical
7.3 Mexico Blockchain Interoperability Market
7.3.1 Mexico Blockchain Interoperability Market by Solution
7.3.2 Mexico Blockchain Interoperability Market by Application
7.3.3 Mexico Blockchain Interoperability Market by Vertical
7.4 Rest of North America Blockchain Interoperability Market
7.4.1 Rest of North America Blockchain Interoperability Market by Solution
7.4.2 Rest of North America Blockchain Interoperability Market by Application
7.4.3 Rest of North America 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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