Blockchain Market Share

Regionally, the global blockchain market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2037 backed by the growing use of cryptocurrency in the region, along with the adoption of blockchain technology, and presence of major vendors who have been providing blockchain solutions. For instance, in the United States, around 25% of individuals that represents nearly 58 million individuals owned at least one cryptocurrency in the year 2021. Furthermore, the acceptance ratio of bitcoin is also shooting up in business sector as well, which is also fueling up the growth of blockchain market. Currently, numerous enterprises have been accepting the cryptocurrency in North America region. For instance, by the end of 2020, more than 2,400 US companies had accepted bitcoin.