Blockchain Market Analysis

  • Report ID: 596
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

Blockchain Market Analysis

Application (Payments, Digital Identity, Smart Contracts, Supply Chain Management)

The global blockchain market is segmented and analyzed for demand and supply by application into payments, digital identity, smart contracts, supply chain management, and others. Out of these, the payments segment is projected to grasp the largest market share over the forecast period backed by the growing online transactions and payments procedures via using varied cloud services. For instance, globally, the value of all transactions in the digital payments sector is anticipated to reach nearly USD 7.80 trillion in 2022.

Our in-depth analysis of the global blockchain market includes the following segments:

       By Type

  • Public
  • Private
  • Hybrid

        By Component

  • Platform
  • Service

        By Deployment

  • Pilot
  • Proof of Concept
  • Production

 

        By Application

  • Payments
  • Digital Identity
  • Smart Contracts
  • Supply Chain Management
  • Others

         By End-User

  • Healthcare
  • BFSI
  • Transportation & Logistics
  • Manufacturing
  • IT & Telecom
  • Retail & E-Commerce
  • Government & Public Sectors
  • Others
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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 596
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of blockchain is evaluated at USD 42.26 billion.

The blockchain market size was over USD 26.69 billion in 2024 and is projected to exceed USD 3.13 trillion by the end of 2037, witnessing over 72.7% CAGR during the forecast period i.e., between 2025-2037. Worldwide surge in the expenditure of digital transformation, remarkable adoption of bitcoin across the globe, and major surge in identity and data theft activities will drive the market growth.

North America is anticipated to hold the largest industry share by 2037, driven by growing use of cryptocurrency in the region, along with adoption of blockchain technology, and presence of major vendors who have been providing blockchain solutions.

The major players in the market include Microsoft Corporation, Amazon Web Services, Inc., Oracle Corporation, Intel Corporation, Applied Blockchain Ltd, R3 HoldCo LLC, Tata Consultancy Services Limited, Digital Asset Holdings, LLC, Global Arena Holding, Inc., Cegeka NV.
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