Global Decentralized Applications (DApps) Market Research Report: Forecast (2023-2028)

Name: Global Decentralized Applications (DApps) Market Research Report: Forecast (2023-2028)
Creator: MarkNtel Advisors
License: https://www.marknteladvisors.com/privacy-policy

By Blockchain (EOS, TRON, Ethereum, IOST, Steem, Neo, Others), By Category (Gambling, Exchange, High-Risk, Game, Others), By End Users (E-Commerce, Healthcare, Transportation, Othe...rs), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific), By Company (ConsenSys, Blockchain Intelligence Group Inc., SoluLab Inc, Arctouch Inc, 10clouds, OpenLedger, Ionixx Technologies Private Limited, Hyperlink InfoSystem, Perfectial Group, Fueled Technologies Pvt. Ltd, Appinventiv, Interexy, Applicature, PixelPlex, ArcTouch, Others) Read more

ICT & Electronics
Mar 2023
Pages 178
Report Format: PDF, Excel, PPT

Get Actionable Insights for Smarter Decisions: Regional and country reports in one place pick a location for insights and Trends.

Market Definition

DApps or decentralized applications are digital applications that run on a blockchain network of computers instead of relying on a single central server. They are distributed all over the network and are free from the control & interference of a single authority. Their key benefits include secured user privacy, flexibility in development, and the lack of censorship.

Market Insights & Analysis: Global Decentralized Applications (DApps) Market (2023-28)

The Global Decentralized Applications (DApps) Market is expected to grow at a CAGR of around 52.3% during the forecast period, i.e., 2023-28. DApps are still in the early development stages. However, numerous platforms already exist that provide a wide range of services like gaming & money exchange. In the future, the market growth would be propelled mainly by the mounting demand for fast transactions, the growing number of decentralized financial operations like investments, insurance, lending, & banking, and the benefits like transparency, reliability, flexibility, & scalability offered by DApps.

In addition, the low development costs of DApps, the ever-growing user demand for better security & privacy while making online payments, and the accelerated use of in-game digital currency & connected blockchain technology on account of increased online gaming, especially after the Covid-19 pandemic, are other prominent aspects projected to drive the market in the coming years, as DApps integrated with blockchain technology help mitigate fraudulent risks owing to their own data storage capacity at each node.

Report Coverage	Details
Study Period	Historical Data: 2018-21
	Base Year: 2022
	Forecast Period: 2023-28
CAGR (2023-2028)	52.3%
Regions Covered	North America: US, Canada, Mexico
	Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
	Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
	South America: Brazil, Argentina, Rest of South America
	Middle East & Africa: UAE, Saudi Arabia, South Africa, Egypt, Qatar, Rest of MEA
Key Companies Profiled	ConsenSys, Blockchain Intelligence Group Inc., SoluLab Inc, Arctouch Inc, 10clouds, OpenLedger, Ionixx Technologies Private Limited, Hyperlink InfoSystem, Perfectial Group, Fueled Technologies Pvt. Ltd, Appinventiv, Interexy, Applicature, PixelPlex, ArcTouch, Others
Unit Denominations	USD Million/Billion

As more & more people are entering the digital asset industry, there are surging requirements for decentralized applications with increased functionality and enhanced security & scalability, the process for which has already begun with the shift to Ethereum 2.0. Hence, improved privacy & independence of cryptocurrency trading, along with cheaper, faster, & easier financial transactions, are expected in the future, which, in turn, would stimulate the growth of the decentralized applications market.

Global Decentralized Applications (DApps) Market Key Growth Restraint:

Lack of Regulatory Compliance: A Major Threat to DApps & DeFi - Conventional banking systems are highly regulated, where transactions are monitored actively, and any fraudulent transaction results in the immediate block of both sender's & receiver's accounts. There is no such protection in DApps as they are decentralized entities that operate independently and are not controlled by any authority, central bank, or third party, which imposes certain regulatory requirements. Hence, the rising financial crimes like money laundering, terrorist financing, etc., worldwide are generating the need for regulatory compliance in decentralized applications, which currently lacks, and thus would hamper the growth of the Global Decentralized Applications (DApps) Market in the coming few years.

Global Decentralized Applications (DApps) Market (2023-28): Segmentation Analysis

Global DApps Market report by Markntel Advisors includes segmentation analysis based on blockchain, category, and end-user. This breakdown allows businesses to identify specific market segments and tailor their marketing and product strategies accordingly, maximizing their chances of success in the Global Decentralized Applications (DApps) Market.

Based on Blockchain:

EOS
TRON
Ethereum
IOST
Steem
Neo

Of them all, EOS is projected to attain a prominent share of the Global Decentralized Applications (DApps) Market during 2023-28. It owes to its incredible benefits like the PoS (Proof-of-Stake) mechanism & the elimination of virtual transaction fees, coupled with the mounting demand for various gambling models. EOS is highly scalable, can perform essential credit card transactions, and thus offers the ideal base for DApp developers. As a result, since all the currently leading DApps are hosted on EOS, it shall provide a notable boost to the market in the coming years.

Based on Category:

Gambling
Exchange
High-Risk
Gaming

Here, gambling holds a notable market share and is likely to register significant growth in the coming years. It ascribes to the benefits of DApps gambling over the traditional one, including fund protection, flexible bets, as well as flexible terms & conditions. Besides, Blockchain allows for DApps gambling directly between two parties without the need for the websites' connection, i.e., another crucial aspect augmenting their demand globally.

Based on End-User:

E-Commerce
Healthcare
Transportation

Among all, the e-commerce sector holds a significant share of the Global Decentralized Applications (DApps) Market. The traditional e-commerce payment processes seek the support of 3rd party APIs like banks, which often result in delays in product deliveries & payment processes and, in turn, customers leaving the website. Hence, several enterprises operating in this sector are actively working on finding applications that can eliminate these third parties & centralized banks and execute the payment procedure more efficiently & rapidly to enhance the overall buying experience of consumers. Also, the peer-to-peer payment process of DApps that reduces payment failure rates and provide improved security is another prominent aspect expected to stimulate the growth of the DApps industry across the e-commerce sector in the coming years.

Global Decentralized Applications (DApps) Market Regional Projection

Geographically, the Global DApps Market expands across:

North America
South America
Europe
Middle East & Africa
Asia-Pacific

Of all regions globally, North America holds a larger share of the DApps Market. It owes to the burgeoning interest of Americans in cryptocurrencies, the ever-increasing deployment of Blockchain technology, and the surging demand for digital identity collection, smart contracts, & online payments, which all are leading to the mounting adoption of decentralized applications, especially in the US & Canada.

Several private sector companies in the US are setting the pace for the adoption of DApps & DeFi (Decentralized Finance), where most blockchain-based cryptocurrency acceptance is being spurred by traders, speculators, & miners looking for new revenue streams. Moreover, the rapidly rising instances of identity thefts across both government & public/private sectors are boosting the adoption of more secure & safe measures, i.e., another prominent aspect projected to drive the North America DApps Market in the coming years.

Global Decentralized Applications (DApps) Market Recent Developments

In February 2023, ConsenSys announced its partnership with Kaleido for transitioning its QBS (Quorum Blockchain Service) customers. This move is in line with ConsenSys’ aim to deprecate QBS and focus on MetaMask & Infura, its core value drivers.
In December 2022, Blockchain Intelligence Group announced the availability of the Cardano & Stacks blockchains on its platform, which provides intelligence & security to crypto firms, law enforcement, banks, and governments for cryptocurrency transactions.

Gain a Competitive Edge with Our Global Decentralized Applications (DApps) Market Report

Global Hand Tools Market report provides a detailed and thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics and make informed decisions.
This report also highlights current market trends and future projections, allowing businesses to identify emerging opportunities and potential challenges. By understanding market forecasts, companies can align their strategies and stay ahead of the competition.
Global Hand Tools Market report aids in assessing and mitigating risks associated with entering or operating in the market.
The report would help in understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks and optimize their operations

Frequently Asked Questions

A. The Decentralized Applications (DApps) Market is projected to grow at a CAGR of around 52.3% during 2023-28.

A. The rising consumer demand for fast financial transactions, the growing number of decentralized investments, insurance, lending, & banking, among other operations, and emerging trends like online gambling & gaming are the prime aspects projected to drive the DApps Market during 2023-28.

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

A. Gambling would provide profitable opportunities to the Decentralized Applications (DApps) Market during 2023-28.

A. North America is projected to generate remunerative prospects for the Decentralized Applications (DApps) Market during 2023-28.

Global Decentralized Applications (DApps) Market Research Report (2023-2028) - Table of Contents

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Global Decentralized Applications (DApps) Market Regulations & Policy
Global Decentralized Applications (DApps) Market Trends & Developments
Global Decentralized Applications (DApps) Market Dynamics
1. Growth Drivers
2. Challenges
Global Decentralized Applications (DApps) Market Hotspots & Opportunities
Global Decentralized Applications (DApps) Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Blockchain
    1. EOS
    2. TRON
    3. Ethereum
    4. IOST
    5. Steem
    6. Neo
    7. Others
  2. By Category
    1. Gambling
    2. Exchange
    3. High-Risk
    4. Game
    5. Others
  3. By End Users
    1. E-Commerce
    2. Healthcare
    3. Transportation
    4. Others
  4. By Region
    1. North America
    2. South America
    3. Europe
    4. The Middle East & Africa
    5. Asia-Pacific
  5. By Company
    1. Competition Characteristics
    2. Revenue Shares & Analysis
North America Decentralized Applications (DApps) Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Type
  2. By Category
  3. By End Users
  4. By Country
    1. The US
    2. Canada
    3. Mexico
3. The United States Decentralized Applications (DApps) Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By End Users
4. Canada Decentralized Applications (DApps) Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By End Users
5. Mexico Decentralized Applications (DApps) Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By End Users
South America Decentralized Applications (DApps) Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Type
  2. By Category
  3. By End Users
  4. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
3. Brazil Decentralized Applications (DApps) Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By End Users
4. Argentina Decentralized Applications (DApps) Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By End Users
Europe Decentralized Applications (DApps) Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Type
  2. By Category
  3. By End Users
  4. By Country
    1. Germany
    2. The UK
    3. France
    4. Italy
    5. Spain
    6. Rest of Europe
3. Germany Decentralized Applications (DApps) Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By End Users
4. The UK Decentralized Applications (DApps) Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By End Users
5. France Decentralized Applications (DApps) Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By End Users
6. Italy Decentralized Applications (DApps) Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By End Users
7. Spain Decentralized Applications (DApps) Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By End Users
The Middle East & Africa Decentralized Applications (DApps) Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Type
  2. By Category
  3. By End Users
  4. By Country
    1. UAE
    2. Saudi Arabia
    3. South Africa
    4. Rest of MEA
3. The UAE Decentralized Applications (DApps) Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By End Users
4. Saudi Arabia Decentralized Applications (DApps) Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By End Users
5. South Africa Decentralized Applications (DApps) Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By End Users
Asia-Pacific Decentralized Applications (DApps) Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Type
  2. By Category
  3. By End Users
  4. By Country
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Australia
    6. Rest of Asia-Pacific
3. China Decentralized Applications (DApps) Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By End Users
4. India Decentralized Applications (DApps) Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By End Users
5. Japan Decentralized Applications (DApps) Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By End Users
6. South Korea Decentralized Applications (DApps) Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By End Users
7. Australia Decentralized Applications (DApps) Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By End Users
Global Decentralized Applications (DApps) Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Competition Matrix
  1. Product Portfolio
  2. Target Markets
  3. Research & Development
  4. Strategic Alliances
  5. Strategic Initiatives
2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
  1. ConsenSys
  2. Blockchain Intelligence Group Inc.
  3. SoluLab Inc
  4. Arctouch Inc
  5. 10clouds
  6. OpenLedger
  7. Ionixx Technologies Private Limited
  8. Hyperlink InfoSystem
  9. Perfectial Group
  10. Fueled Technologies Pvt. Ltd
  11. Appinventiv
  12. Interexy
  13. Applicature
  14. PixelPlex
  15. ArcTouch
  16. 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

Flexible Licensing Options

We offer flexible licensing options to cater to varying organizational needs. Choose the pricing pack that best suits your requirements:

Buy Now

Inquire Before Buying