Blockchain Market by Type (Public, Private, Hybrid, Consortium), Platform (Ethereum, Hyperledger, Polygon, Solana), Organization, End User (BFSI, Government, Healthcare, Professional Services, Manufacturing), and Geography—Global Forecast to 2030

The research report titled ‘Blockchain Market by Type (Public, Private, Hybrid, Consortium), Platform (Ethereum, Hyperledger, Polygon, Solana), Organization, End User (BFSI, Government, Healthcare, Professional Services, Manufacturing), and Geography—Global Forecast to 2030,’ provides an in-depth analysis of the blockchain market in five major geographies and emphasizes on the current market trends, size, and share, recent developments, and forecasts till 2030. The global blockchain market is projected to reach $403.36 billion by 2030, at a CAGR of 67.7% from 2023 to 2030.

Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. It stores data in blocks known as chains in the network connected through peer-to-peer nodes. Every transaction in this ledger is authorized by the digital signature of the owner, which authenticates the transaction and safeguards it from tampering. Further, it helps reduce compliance costs and speeds up data transfer processing. One of the most well-known applications of blockchain technology is Bitcoin, a decentralized digital currency that operates on a blockchain network. However, blockchain technology has many other potential uses beyond cryptocurrency, including supply chain management, voting systems, and digital identity verification.

The growth of this market is attributed to the rising demand for secure and transparent payments in the BFSI sector, the increasing need to prevent data tampering in the healthcare sector, and the growing popularity of cryptocurrency. Furthermore, the increasing adoption of blockchain among SMEs and retailers is expected to create significant opportunities for this market.

However, the high implementation costs hamper the growth of this market. In addition, regulatory uncertainty and lack of interoperability between blockchain ecosystems are major challenges to the growth of this market.

In this study, the market is segmented based on type, platform, organization size, application, sector and geography, including its subsegments and geography. The report has considered five major geographies: North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa.

Based on type, the global blockchain market is segmented into public, private, hybrid, and consortium. The private segment is projected to register the highest CAGR during the forecast period. Private blockchains enable enterprises to efficiently handle confidential information, trade secrets, business records, and intellectual property areas. The rising demand for robust network structures in enterprises drives the adoption of private blockchains due to their stability and scalability. These benefits contribute to the growth of this segment.

Based on platform, the global blockchain market is segmented into Ethereum, Hyperledger, R3 Corda, Polygon, Solana, BSC, Terra, and other platforms. The Hyperledger segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the benefits offered by this platform, including flexibility, scalability, and interoperability, making it well-suited for a wide range of use cases.

Based on organization size, the global blockchain market is segmented into large enterprises and small & medium-sized enterprises. The small & medium-sized enterprises segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing need to address specific business problems and enhance operational efficiency and the increasing demand for reliable blockchain solutions from SMEs.

Based on application, the global blockchain market is segmented into digital currency, asset protection & transfer, identity protection, payments, data reconciliation & sharing, track & trace, certification, and other applications. The payments segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the growing demand for secure and reliable transactions, the increasing demand for secure and effective payment processing platforms, and the need to reduce the role of intermediaries.

Based on sector, the global blockchain market is segmented into BFSI, government organizations, healthcare & life sciences, retail & e-commerce, energy & utility, professional services, media & entertainment, manufacturing, and other sectors. The healthcare & life sciences segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the rising need to secure the integrity of individuals' information, reduce the duration of the pre-authorization process, and enable patients to receive the necessary and informed care more efficiently.

Based on geography, the global blockchain market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is slated to register the highest CAGR during the forecast period. The growth of this regional market is attributed to growing customer demand for effective digital payment services, the presence of well-established presence fintech companies, and the growing popularity of cryptocurrency in the region.

The key players operating in the global blockchain market are International Business Machines Corporation (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), Amazon Web Services, Inc. (U.S.), Infosys Limited (India), Accenture plc (Ireland), Wipro Limited (India), Blockchain.com (U.K.), Circle Internet Financial Limited (U.S.), Ripple (U.S.), Tata Consultancy Services Limited (India), Intel Corporation (U.S.), Chainalysis Inc. (U.S.), Coinbase (U.S.), and BitGo (U.S.).

Key Questions Answered in the Report:

Which are the high-growth market segments in terms of type, platform, organization size, application, sector, and geography?
What is the historical market size for the blockchain market across the globe?
What are the market forecasts and estimates for the period 2023–2030?
What are the major drivers, restraints, opportunities, and challenges in the global blockchain market?
Who are the major players in the market, and what are their market shares?
How is the competitive landscape for the global blockchain market?
What are the recent developments in the global blockchain market?
What are the different strategies adopted by the major players in the market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the global blockchain market, and how do they compete with other players?

Scope of the Report:


Blockchain Market Assessment—by Type

Public
Private
Hybrid
Consortium

Blockchain Market Assessment—by Platform

Ethereum
Hyperledger
R3 Corda
Polygon
Solana
BSC
Terra
Other Platforms

Blockchain Market Assessment—by Organization Size

Large Enterprises
Small & Medium-sized Enterprises

Blockchain Market Assessment—by Application

Digital currency
Asset Protection & Transfer
Identity Protection
Payments
Data Reconciliation & Sharing
Track and Trace
Certification
Other Applications

Blockchain Market Assessment—by Sector

BFSI
Government Organizations
Healthcare & Life Sciences
Retail & E-commerce
Energy & Utility
Professional Services
Media & Entertainment
Manufacturing
Other Sectors

Blockchain Market Assessment—by Geography

North America
U.S.
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia & New Zealand
Singapore
Rest of Asia-Pacific
Europe
Germany
U.K.
France
Italy
Spain
Sweden
Rest of Europe
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Israel
Rest of Middle East & Africa

Blockchain Market - Report Summary

Report Metrics	Details
Years Considered	2021 - 2030
Base Year	2022
Forecast Period	2023-2030
Page Count	268
Units Referenced	Value (USD Million)
Segments/Key Topics	Market by Type, Platform, Organization Size, Application, Sector and Geography
Regions Covered	Asia-Pacific, Europe, North America, Latin America, and Middle East & Africa
Key Companies Mentioned	International Business Machines Corporation (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), Amazon Web Services, Inc. (U.S.), Infosys Limited (India), Accenture plc (Ireland), Wipro Limited (India), Blockchain.com (U.K.), Circle Internet Financial Limited (U.S.), Ripple (U.S.), Tata Consultancy Services Limited (India), Intel Corporation (U.S.), Chainalysis Inc. (U.S.), Coinbase (U.S.), and BitGo (U.S.).

FAQs About the Report

What is the focus of the blockchain market report?

The global blockchain market is segmented based on type, platform, organization size, application, sector, and geography. The study also evaluates industry competitors and analyses the regional and country-level markets.

What is the value of revenue generated from blockchain across the globe? At what rate is the demand expected to grow for the next 5–7 years?

The global blockchain market is projected to reach $403.36 billion by 2030, at a CAGR of 67.7% from 2023 to 2030.

Which type category is expected to hold the major share of the market in 2023?

Based on type, in 2023, the public segment is expected to account for the largest share of the blockchain market.

Which sector segment is expected to account for the largest share of the blockchain market in 2023?

Based on sector, in 2023, the BFSI segment is expected to account for the largest share of the global blockchain market.

What are the key factors supporting the growth of this market? What are the major opportunities for existing market players and new entrants in the blockchain market?

The growth of this market is attributed to the rising demand for secure and transparent payments in the BFSI sector, a surge in the need to prevent data tampering in the healthcare sector, and the growing popularity of cryptocurrency. Furthermore, leveraging blockchain among SMEs and the increasing adoption of blockchain by online retailers are expected to create significant opportunities for this market.

Who are the major players operating in the blockchain market?

The key players profiled in the global blockchain market study include International Business Machines Corporation (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), Amazon Web Services, Inc. (U.S.), Infosys Limited (India), Accenture plc (Ireland), Wipro Limited (India), Blockchain.com (U.K.), Circle Internet Financial Limited (U.S.), Ripple (U.S.), Tata Consultancy Services Limited (India), Intel Corporation (U.S.), Chainalysis Inc. (U.S.), Coinbase (U.S.), and BitGo (U.S.).

Which region is likely to offer significant growth opportunities for the vendors in this market during the analysis period?

The Asia-Pacific is expected to register the highest CAGR during the forecast period and offer significant growth opportunities for players operating in this market.