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Global Blockchain Market Research Report: Forecast (2023-2028)

By Component (Services (Consultation, Development & Integration, Support & Maintenance), Platform), By Provider (Application Provider, Infrastructure Provider, Middleware Provider), By Type (Private,... ... , By Type (Private, Public, Hybrid), By Organization (Small, Medium, Large), By Application (Payment, Documentation, Exchanges, Supply Chain Management, Digital Identity, Others (Advertising insights, etc.)), By End-User (Manufacturing, Government & Transportation, Logistics, Healthcare & Life science, Energy & Utilities, Media & Entertainment, BFSI, IT & Telecom, Retail & Ecommerce, Others (Agriculture, etc.)), By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa), By Company (IBM, AWS, Microsoft, SAP, Intel, Oracle, NTT Data, Earthport, Amazon Web Services, Consensus Systems, Huawei, Monax, Ripple, BTL Group, R3) Read more

ICT & Electronics
Jun 2023
Pages 189
Report Format: PDF, Excel, PPT

Market Definition

Blockchain, also known as DLT (Distributed Ledger Technology), allows for different types of digital information to be stored & distributed but not deleted or edited. Initially, it was related only to cryptocurrencies but has acquired extensive popularity in several other applications over the past few years. Globally, numerous businesses & government authorities are increasingly adopting blockchain technology to make their daily operations more efficient, accurate, secure, & economical, which projects a pool of lucrative prospects for the blockchain industry in the coming years.

Market Insights

The Global Blockchain Market is rapidly expanding and expects a whopping 73.1% CAGR during the forecast period, i.e., 2023-28. The most prominent factors contributing to the market growth are the ever-increasing need for operational efficiency, especially in banks & other financial institutes, coupled with substantial investments in blockchain technology with the rising legalization of cryptocurrency. The consistently increasing venture-capital funding for blockchain start-up companies is notably contributing to the expansion of the global blockchain market.

Report Coverage	Details
Study Period	Historical Data: 2018-21
	Base Year: 2022
	Forecast Period: 2023-28
CAGR (2023-2028)	73.1%
Regions Covered	North America: US, Canada, Mexico
	Europe: Germany, The UK, France, Spain, Switzerland, Rest of Europe
	Asia-Pacific: China, India, Japan, South Korea, Australia, Singapore, Rest of Asia-Pacific
	South America: Brazil, Rest of South America
	Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
Key Companies Profiled	IBM, Amazon Web Services, Inc., Microsoft, SAP, Intel, Oracle, NTT Data, Accenture, Deloitte Touche Tohmatsu Limited, Consensys Systems, Huawei, Monax, Blockchain Tech LTD, R3, Others
Unit Denominations	USD Million/Billion

Moreover, benefits like data accuracy, consistency, & transparency are further propelling the demand for blockchain technology and fueling the overall market growth. With these benefits, several government authorities and small & medium enterprises, among others, are displaying immense interest in utilizing this technology to enhance their workflows.

An emerging blockchain-based Fintech, DeFi (Decentralized Finance), is a blanket term for numerous financial applications in cryptocurrency and aims to reduce the power banks hold on public finances. The increasing strategic initiatives in the DeFi ecosystem are promoting the growth, hence becoming a trend in the Blockchain Market.

Furthermore, with the advent of Covid-19 in 2020, various cafes, bars, & restaurants, among others, have started offering their customers cryptocurrency-based payment options in order to enhance their overall experience. Hence, the growing acceptance of cryptocurrency-based payments among several companies would generate profitable opportunities for the Global Blockchain Market through 2028.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Global Blockchain Market Start-up Ecosystem
1. Entrepreneurial Activity
2. Year-on-Year Funding Received
3. Funding Received by Top Companies
4. Key Investors Active in the Market
5. Series Wise Funding Received
  1. Seed Funding
  2. Angel Investing
  3. Venture Capitalist (VC) Funding
  4. Others
Global Blockchain Market Trends & Developments
Global Blockchain Market Dynamics
1. Growth Drivers
2. Challenges
Global Blockchain Market Hotspot & Opportunities
Global Blockchain Market Policies, Regulations, Product Standards
Global Blockchain Market Outlook (2018-2028)
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Component
    1. Services- Market Size & Forecast 2018-2028F, USD Million
      1. Consultation- Market Size & Forecast 2018-2028F, USD Million
      2. Development & Integration- Market Size & Forecast 2018-2028F, USD Million
      3. Support & Maintenance- Market Size & Forecast 2018-2028F, USD Million
    2. Platform- Market Size & Forecast 2018-2028F, USD Million
  2. By Provider
    1. Application Provider- Market Size & Forecast 2018-2028F, USD Million
    2. Infrastructure Provider- Market Size & Forecast 2018-2028F, USD Million
    3. Middleware Provider- Market Size & Forecast 2018-2028F, USD Million
  3. By Type
    1. Private- Market Size & Forecast 2018-2028F, USD Million
    2. Public- Market Size & Forecast 2018-2028F, USD Million
    3. Hybrid- Market Size & Forecast 2018-2028F, USD Million
  4. By Organization
    1. Small- Market Size & Forecast 2018-2028F, USD Million
    2. Medium- Market Size & Forecast 2018-2028F, USD Million
    3. Large- Market Size & Forecast 2018-2028F, USD Million
  5. By Application
    1. Payment- Market Size & Forecast 2018-2028F, USD Million
    2. Documentation- Market Size & Forecast 2018-2028F, USD Million
    3. Exchanges- Market Size & Forecast 2018-2028F, USD Million
    4. Supply Chain Management- Market Size & Forecast 2018-2028F, USD Million
    5. Digital Identity- Market Size & Forecast 2018-2028F, USD Million
    6. Others (Advertising insights, Smart Contracts, etc.) - Market Size & Forecast 2018-2028F, USD Million
  6. By End User
    1. BFSI- Market Size & Forecast 2018-2028F, USD Million
    2. Government- Market Size & Forecast 2018-2028F, USD Million
    3. Logistics- Market Size & Forecast 2018-2028F, USD Million
    4. Healthcare- Market Size & Forecast 2018-2028F, USD Million
    5. Energy & Utilities- Market Size & Forecast 2018-2028F, USD Million
    6. Media & Entertainment- Market Size & Forecast 2018-2028F, USD Million
    7. IT & Telecom- Market Size & Forecast 2018-2028F, USD Million
    8. Retail & E-commerce- Market Size & Forecast 2018-2028F, USD Million
    9. Others (Agriculture, Manufacturing, etc.)- Market Size & Forecast 2018-2028F, USD Million
  7. By Region
    1. North America
    2. South America
    3. Europe
    4. Middle East & Africa
    5. Asia-Pacific
  8. By Company
    1. Competition Characteristics
    2. Market Share of Leading Companies
North America Blockchain Market Outlook (2018-2028F)
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Component- Market Size & Forecast 2018-2028F, USD Million
  2. By Provider- Market Size & Forecast 2018-2028F, USD Million
  3. By Type- Market Size & Forecast 2018-2028F, USD Million
  4. By Organization- Market Size & Forecast 2018-2028F, USD Million
  5. By Application- Market Size & Forecast 2018-2028F, USD Million
  6. By End User- Market Size & Forecast 2018-2028F, USD Million
  7. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Blockchain Market Outlook (2018-2028F)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Component- Market Size & Forecast 2018-2028F, USD Million
    2. By Provider- Market Size & Forecast 2018-2028F, USD Million
    3. By End User- Market Size & Forecast 2018-2028F, USD Million
4. Canada Blockchain Market Outlook (2018-2028)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Component- Market Size & Forecast 2018-2028F, USD Million
    2. By Provider- Market Size & Forecast 2018-2028F, USD Million
    3. By End User- Market Size & Forecast 2018-2028F, USD Million
5. Mexico Blockchain Market Outlook (2018-2028)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Component- Market Size & Forecast 2018-2028F, USD Million
    2. By Provider- Market Size & Forecast 2018-2028F, USD Million
    3. By End User- Market Size & Forecast 2018-2028F, USD Million
South America Blockchain Market Outlook (2018-2028F)
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Component- Market Size & Forecast 2018-2028F, USD Million
  2. By Provider- Market Size & Forecast 2018-2028F, USD Million
  3. By Type- Market Size & Forecast 2018-2028F, USD Million
  4. By Organization- Market Size & Forecast 2018-2028F, USD Million
  5. By Application- Market Size & Forecast 2018-2028F, USD Million
  6. By End User- Market Size & Forecast 2018-2028F, USD Million
  7. By Country
    1. Brazil
    2. Rest of South America
3. Brazil Blockchain Market Outlook (2018-2028F)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Component- Market Size & Forecast 2018-2028F, USD Million
    2. By Provider- Market Size & Forecast 2018-2028F, USD Million
    3. By End User- Market Size & Forecast 2018-2028F, USD Million
Europe Blockchain Market Outlook (2018-2028F)
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Component- Market Size & Forecast 2018-2028F, USD Million
  2. By Provider- Market Size & Forecast 2018-2028F, USD Million
  3. By Type- Market Size & Forecast 2018-2028F, USD Million
  4. By Organization- Market Size & Forecast 2018-2028F, USD Million
  5. By Application- Market Size & Forecast 2018-2028F, USD Million
  6. By End User- Market Size & Forecast 2018-2028F, USD Million
  7. By Country
    1. Germany
    2. The UK
    3. France
    4. Spain
    5. Switzerland
    6. Rest of Europe
3. Germany Blockchain Market Outlook (2018-2028)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Component- Market Size & Forecast 2018-2028F, USD Million
    2. By Provider- Market Size & Forecast 2018-2028F, USD Million
    3. By End User- Market Size & Forecast 2018-2028F, USD Million
4. The UK Blockchain Market Outlook (2018-2028)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Component- Market Size & Forecast 2018-2028F, USD Million
    2. By Provider- Market Size & Forecast 2018-2028F, USD Million
    3. By End User- Market Size & Forecast 2018-2028F, USD Million
5. France Blockchain Market Outlook (2018-2028)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Component- Market Size & Forecast 2018-2028F, USD Million
    2. By Provider- Market Size & Forecast 2018-2028F, USD Million
    3. By End User- Market Size & Forecast 2018-2028F, USD Million
6. Spain Blockchain Market Outlook (2018-2028)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Component- Market Size & Forecast 2018-2028F, USD Million
    2. By Provider- Market Size & Forecast 2018-2028F, USD Million
    3. By End User- Market Size & Forecast 2018-2028F, USD Million
7. Switzerland Blockchain Market Outlook (2018-2028)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Component- Market Size & Forecast 2018-2028F, USD Million
    2. By Provider- Market Size & Forecast 2018-2028F, USD Million
    3. By End User- Market Size & Forecast 2018-2028F, USD Million
Middle East & Africa Blockchain Market Outlook (2018-2028F)
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Component- Market Size & Forecast 2018-2028F, USD Million
  2. By Provider- Market Size & Forecast 2018-2028F, USD Million
  3. By Type- Market Size & Forecast 2018-2028F, USD Million
  4. By Organization- Market Size & Forecast 2018-2028F, USD Million
  5. By Application- Market Size & Forecast 2018-2028F, USD Million
  6. By End User- Market Size & Forecast 2018-2028F, USD Million
  7. By Country
    1. The UAE
    2. Saudi Arabia
    3. South Africa
    4. Rest of the Middle East & Africa
3. The UAE Blockchain Market Outlook (2018-2028)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Component- Market Size & Forecast 2018-2028F, USD Million
    2. By Provider- Market Size & Forecast 2018-2028F, USD Million
    3. By End User- Market Size & Forecast 2018-2028F, USD Million
4. Saudi Arabia Blockchain Market Outlook (2018-2028)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Component- Market Size & Forecast 2018-2028F, USD Million
    2. By Provider- Market Size & Forecast 2018-2028F, USD Million
    3. By End User- Market Size & Forecast 2018-2028F, USD Million
5. South Africa Blockchain Market Outlook (2018-2028)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Component- Market Size & Forecast 2018-2028F, USD Million
    2. By Provider- Market Size & Forecast 2018-2028F, USD Million
    3. By End User- Market Size & Forecast 2018-2028F, USD Million
Asia-Pacific Blockchain Market Outlook (2018-2028)
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Component- Market Size & Forecast 2018-2028F, USD Million
  2. By Provider- Market Size & Forecast 2018-2028F, USD Million
  3. By Type- Market Size & Forecast 2018-2028F, USD Million
  4. By Organization- Market Size & Forecast 2018-2028F, USD Million
  5. By Application- Market Size & Forecast 2018-2028F, USD Million
  6. By End User- Market Size & Forecast 2018-2028F, USD Million
  7. By Country
    1. China
    2. India
    3. Australia
    4. Japan
    5. South Korea
    6. Singapore
    7. Rest of Asia-Pacific
3. China Blockchain Market Outlook (2018-2028)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Component- Market Size & Forecast 2018-2028F, USD Million
    2. By Provider- Market Size & Forecast 2018-2028F, USD Million
    3. By End User- Market Size & Forecast 2018-2028F, USD Million
4. India Blockchain Market Outlook (2018-2028)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Component- Market Size & Forecast 2018-2028F, USD Million
    2. By Provider- Market Size & Forecast 2018-2028F, USD Million
    3. By End User- Market Size & Forecast 2018-2028F, USD Million
5. Australia Blockchain Market Outlook (2018-2028)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Component- Market Size & Forecast 2018-2028F, USD Million
    2. By Provider- Market Size & Forecast 2018-2028F, USD Million
    3. By End User- Market Size & Forecast 2018-2028F, USD Million
6. Japan Blockchain Market Outlook (2018-2028)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Component- Market Size & Forecast 2018-2028F, USD Million
    2. By Provider- Market Size & Forecast 2018-2028F, USD Million
    3. By End User- Market Size & Forecast 2018-2028F, USD Million
7. South Korea Blockchain Market Outlook (2018-2028)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Component- Market Size & Forecast 2018-2028F, USD Million
    2. By Provider- Market Size & Forecast 2018-2028F, USD Million
    3. By End User- Market Size & Forecast 2018-2028F, USD Million
8. Singapore Blockchain Market Outlook (2018-2028F)
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Component- Market Size & Forecast 2018-2028F, USD Million
    2. By Provider- Market Size & Forecast 2018-2028F, USD Million
    3. By End User- Market Size & Forecast 2018-2028F, USD Million
Global Blockchain Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Company Profiles
  1. IBM
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Amazon Web Services, Inc.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Microsoft
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. SAP
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Intel
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Oracle
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. NTT Data
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Accenture
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Deloitte Touche Tohmatsu Limited
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Consensys Systems
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Huawei
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  12. Monax
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  13. Blockchain Tech LTD
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  14. R3
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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