Blockchain Market Size

Blockchain Market size was valued at USD 26.69 Billion in 2024 and is anticipated to reach USD 3.13 Trillion by the end of 2037, expanding at around 72.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of blockchain is assessed at USD 42.26 Billion. The growth of the market is primarily attributed to the massively escalating venture capital (VC) funding in blockchain technology. For instance, in 2021, venture capital (VC) funding for blockchain and cryptocurrency businesses reached nearly USD 28 billion.

Blockchain refers to continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a cryptographic hash of the previous block, a timestamp and transaction data. A blockchain is inherently resistant to modification of the data. Moreover, block chain is the digital and decentralized ledger technology that records all transactions without the need for a financial intermediary such as a bank. If a code hash has been assigned to the block, it is able to be added to the blockchain. This technology has a wide range of applications, including agriculture, healthcare, retail, finance, and others. Its instant traceability and transparency makes the blockchain technology most versatile and useful for financial services too. For instance, by embracing blockchain, financial institutions are estimated to save up to USD 15 billion annually.