Press Release Description

Rise in Online Gambling & Gaming Boosts the DApps Market

A recent research study by MarkNtel Advisors has revealed that the Global DApps Market is set to record around 52.3% CAGR during 2023-28. The increasing use of digital currencies & blockchain technology owing to tremendous growth in online gaming & gambling, especially after the Covid-19 pandemic, coupled with the rising number of decentralized operations like investments, insurance, lending, & banking, are the primary factors expected to drive the market in the forecast years.

DApps incur low development costs and provide benefits like transparency, reliability, flexibility, & scalability, owing to which their demand is increasing worldwide. More & more users are showing active interest in platforms that can provide them with better security & privacy while doing online transactions. Hence, these trends are creating new avenues for the global DApps market to witness a significant expansion in the coming years.

Gambling is the Largest Area of Opportunity for DApps Industry

Globally, gambling holds a notable share of the DApps industry, and a prominent rise is likely in the coming years. In comparison with traditional gambling, there are various benefits of gambling through decentralized applications like flexible bets, fraud detection, and flexible terms & conditions. In addition, Blockchain-based DApps allow two parties to gamble directly without a website connection. Hence, these aspects are driving the demand for DApps for gambling and, in turn, stimulating the overall market growth.

North America is Witnessing Ever-Increasing use of Cryptocurrencies

As Americans are showing active interest in cryptocurrencies, Blockchain technology is being utilized increasingly across North America. The mounting demand for smart contracts, online payments, & digital identity collection, particularly in the US & Canada, is the prime aspect instigating the adoption of decentralized applications across the region. In addition, the growing incidence of identity thefts in government & public/private organizations, which has acclerated the need for more secure & safe measures & technologies, is another crucial factor driving the North America DApps Market.

Competitive Landscape

The key companies operating in the Global DApps Market include ConsenSys, Blockchain Intelligence Group Inc., SoluLab Inc., Arctouch Inc., 10clouds, OpenLedger, Fueled Technologies Pvt. Ltd, Ionixx Technologies Private Limited, Hyperlink InfoSystem, and Perfectial Group

Key Questions Answered in the Research Report

  1. What are the current & future trends in the Global DApps Market?
  2. How has the industry been evolving in terms of geography & product adoption?
  3. How has the competition been shaping across various regions, followed by their comparative factorial indexing?
  4. What are the key growth drivers & challenges for the Global DApps Market?
  5. What are the customer orientation, purchase behavior, & expectations from the leading players in the Global DApps Market?

Market Segmentation:

  1. By Blockchain (EOS, TRON, Ethereum, IOST, Steem, Neo)
  2. By Category (Gambling, Exchange, High-Risk, Gaming)
  3. By End-User (E-Commerce, Healthcare, Transportation)
  4. By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific)
  5. By Country (The US, Canada, Mexico, Brazil, The UK, Germany, France, Italy, Spain, Saudi Arabia, The UAE, South Africa, China, Japan, South Korea, India)