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Global Blockchain Technology Market Size study, by Component (Platform, Services), by Service (Technology Advisory and Consulting, Development and Integration Services, Support and Maintenance), by Provider (Application, Middleware, Infrastructure), by Type (Pubic, Private, Hybrid), by Application Area (Transportation and Logistics, Agriculture and Food, Manufacturing, Energy and Utilities, Healthcare and Life sciences, Media Advertising and Entertainment, Banking and Financial Services, Insurance, IT and Telecom, Retail and eCommerce, Government, Others) and Regional Forecasts 2022-2028

April 2022 | 200 pages | ID: G508CABB3D9EN
Bizwit Research & Consulting LLP

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Global Blockchain Technology Market is valued at approximately USD 2.91 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 68.4 % over the forecast period 2022-2028. Blockchain technology is a decentralised database that is shared among computer network nodes. A blockchain acts as a database, storing information in a digital format. Blockchains are well known for their critical role in keeping a secure and decentralised record of transactions in cryptocurrency systems like Bitcoin. Reduction in operating cost, process simplification, openness, security, and data integrity along with rising funding and investments in blockchain technology has driven the adoption of Blockchain Technology across the projected period. For Instance: Until August 2021, Digital Currency Group – a venture capital firm founded in 2015 that primarily invests in cryptocurrency, fintech, and blockchain companies – has completed over 197 blockchain and crypto deals; its most recent investments include Circle and Figure Technologies, both of which establish technology to facilitate financial transactions. Also, rising government initiatives, union of Blockchain, IoT and AI and rise in demand for blockchain technology in novel industries are most likely to boost the overall growth of the Blockchain Technology market. However, high deployment cost, risk of security and privacy in blockchain transactions and lack of technical expertise and skillsets can obstruct the market's expansion over the projection period of 2022-2028.

The key regions considered for the global Blockchain Technology market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. The rapid adoption of new technologies and presence of vendors is driving the market growth in North America. Whereas, Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. The market is expected to grow during the projected period due to rising mergers and acquisitions between blockchain technology, AI and IoT.

Major market players included in this report are:
IBM
Amazon Web Services
SAP
Intel
Oracle
Huawei
Accenture
Wipro
Bitfury
Chain


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Platform
Services
By Service:
Technology Advisory and Consulting
Development and Integration Services
Support and Maintenance

By Provider:
Application
Middleware
Infrastructure


By Type:
Pubic
Private
Hybrid

By Application Area:
Transportation and Logistics
Agriculture and Food
Manufacturing
Energy and Utilities
Healthcare and Life sciences
Media Advertising and Entertainment
Banking and Financial Services
Insurance
IT and Telecom
Retail and Ecommerce
Government
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Blockchain Technology Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
  1.2.1. Blockchain Technology Market, by Region, 2020-2028 (USD Billion)
  1.2.2. Blockchain Technology Market, by Component, 2020-2028 (USD Billion)
  1.2.3. Blockchain Technology Market, by Services, 2020-2028 (USD Billion)
  1.2.4. Blockchain Technology Market, by Provider, 2020-2028 (USD Billion)
  1.2.5. Blockchain Technology Market, by Type, 2020-2028 (USD Billion)
  1.2.6. Blockchain Technology Market, by Application Area, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL BLOCKCHAIN TECHNOLOGY MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL BLOCKCHAIN TECHNOLOGY MARKET DYNAMICS

3.1. Blockchain Technology Market Impact Analysis (2020-2028)
  3.1.1. Market Drivers
    3.1.1.1. Rising funding and investments in blockchain technology
    3.1.1.2. Process simplification, openness, security, and data integrity
    3.1.1.3. Reduction in operating cost
  3.1.2. Market Challenges
    3.1.2.1. High deployment cost
    3.1.2.2. Risk of security and privacy in blockchain transaction
    3.1.2.3. Lack of technical expertise and skillsets
  3.1.3. Market Opportunities
    3.1.3.1. Rising government initiatives
    3.1.3.2. Union of Blockchain, IoT and AI
    3.1.3.3. Rise in demand for blockchain technology in novel industries

CHAPTER 4. GLOBAL BLOCKCHAIN TECHNOLOGY MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

  5.1.1. Assessment of the overall impact of COVID-19 on the industry
  5.1.2. Pre COVID-19 and post COVID-19 market scenario

CHAPTER 6. GLOBAL BLOCKCHAIN TECHNOLOGY MARKET, BY COMPONENT

6.1. Market Snapshot
6.2. Global Blockchain Technology Market by Component, Performance - Potential Analysis
6.3. Global Blockchain Technology Market Estimates & Forecasts by Component, 2019-2028 (USD Billion)
6.4. Blockchain Technology Market, Sub Segment Analysis
  6.4.1 Platform
  6.4.2 Services

CHAPTER 7. GLOBAL BLOCKCHAIN TECHNOLOGY MARKET, BY SERVICES

7.1. Market Snapshot
7.2. Global Blockchain Technology Market by Services, Performance – Potential Analysis
7.3. Global Blockchain Technology Market Estimates & Forecasts by Services, 2019-2028 (USD Billion)
7.4. Blockchain Technology Market, Sub Segment Analysis
  7.4.1 Technology Advisory and Consulting
  7.4.2 Development and Integration Services
  7.4.3 Support and Maintenance

CHAPTER 8. GLOBAL BLOCKCHAIN TECHNOLOGY MARKET, BY PROVIDER

8.1. Market Snapshot
8.2. Global Blockchain Technology Market by Provider, Performance - Potential Analysis
8.3. Global Blockchain Technology Market Estimates & Forecasts by Provider, 2019-2028 (USD Billion)
8.4. Blockchain Technology Market, Sub Segment Analysis
  8.4.1 Application
  8.4.2 Middleware
  8.4.3 Infrastructure

CHAPTER 9. GLOBAL BLOCKCHAIN TECHNOLOGY MARKET, BY TYPE

9.1. Market Snapshot
9.2. Global Blockchain Technology Market by Type, Performance - Potential Analysis
9.3. Global Blockchain Technology Market Estimates & Forecasts by Type, 2019-2028 (USD Billion)
9.4. Blockchain Technology Market, Sub Segment Analysis
  9.4.1 Public
  9.4.2 Private
  9.4.3 Hybrid

CHAPTER 10. GLOBAL BLOCKCHAIN TECHNOLOGY MARKET, BY APPLICATION AREA

10.1. Market Snapshot
10.2. Global Blockchain Technology Market by Application Area, Performance - Potential Analysis
10.3. Global Blockchain Technology Market Estimates & Forecasts by Application Area, 2019-2028 (USD Billion)
10.4. Blockchain Technology Market, Sub Segment Analysis
  10.4.1 Transportation and Logistics
  10.4.2 Agriculture and Food
  10.4.3 Manufacturing
  10.4.4 Energy and Utilities
  10.4.5 Healthcare and Life sciences
  10.4.6 Media Advertising and Entertainment
  10.4.7 Banking and Financial Services
  10.4.8 Insurance
  10.4.9 IT and Telecom
  10.4.10 Retail and eCommerce
  10.4.11 Government
  10.4.12 Others

CHAPTER 11. GLOBAL BLOCKCHAIN TECHNOLOGY MARKET, REGIONAL ANALYSIS

11.1. Blockchain Technology Market, Regional Market Snapshot
11.2. North America Blockchain Technology Market
  11.2.1. U.S. Blockchain Technology Market
    11.2.1.1. Component breakdown estimates & forecasts, 2019-2028
    11.2.1.2. Services breakdown estimates & forecasts, 2019-2028
    11.2.1.3. Provider breakdown estimates & forecasts, 2019-2028
    11.2.1.4. Type breakdown estimates & forecasts, 2019-2028
    11.2.1.5. Application Area breakdown estimates & forecasts, 2019-2028
  11.2.2. Canada Blockchain Technology Market
11.3. Europe Blockchain Technology Market Snapshot
  11.3.1. U.K. Blockchain Technology Market
  11.3.2. Germany Blockchain Technology Market
  11.3.3. France Blockchain Technology Market
  11.3.4. Spain Blockchain Technology Market
  11.3.5. Italy Blockchain Technology Market
  11.3.6. Rest of Europe Blockchain Technology Market
11.4. Asia-Pacific Blockchain Technology Market Snapshot
  11.4.1. China Blockchain Technology Market
  11.4.2. India Blockchain Technology Market
  11.4.3. Japan Blockchain Technology Market
  11.4.4. Australia Blockchain Technology Market
  11.4.5. South Korea Blockchain Technology Market
  11.4.6. Rest of Asia Pacific Blockchain Technology Market
11.5. Latin America Blockchain Technology Market Snapshot
  11.5.1. Brazil Blockchain Technology Market
  11.5.2. Mexico Blockchain Technology Market
11.6. Rest of The World Blockchain Technology Market

CHAPTER 12. COMPETITIVE INTELLIGENCE

12.1. Top Market Strategies
12.2. Company Profiles
  12.2.1 IBM
    12.2.1.1 Key Information
    12.2.1.2 Overview
    12.2.1.3 Financial (Subject to Data Availability)
    12.2.1.4 Product Summary
    12.2.1.5 Recent Developments
  12.2.2 Amazon Web Services
  12.2.3 SAP
  12.2.4 Intel
  12.2.5 Oracle
  12.2.6 Huawei
  12.2.7 Accenture
  12.2.8 Wipro
  12.2.9 Bitfury
  12.2.10 Chain

CHAPTER 13. RESEARCH PROCESS

13.1 Research Process
  13.1.1 Data Mining
  13.1.2 Analysis
  13.1.3 Market Estimation
  13.1.4 Validation
  13.1.5 Publishing
13.2 Research Attributes
13.3 Research Assumption

LIST OF TABLES

TABLE 1. Global Blockchain Technology market, report scope
TABLE 2. Global Blockchain Technology market estimates & forecasts by Region 2019-2028 (USD Billion)
TABLE 3. Global Blockchain Technology market estimates & forecasts by Component 2019-2028 (USD Billion)
TABLE 4. Global Blockchain Technology market estimates & forecasts by Services 2019-2028 (USD Billion)
TABLE 5. Global Blockchain Technology market estimates & forecasts by Provider 2019-2028 (USD Billion)
TABLE 6. Global Blockchain Technology market estimates & forecasts by Type 2019-2028 (USD Billion)
TABLE 7. Global Blockchain Technology market estimates & forecasts by Application Area 2019-2028 (USD Billion)
TABLE 8. Global Blockchain Technology market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 9. Global Blockchain Technology market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 10. Global Blockchain Technology market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 11. Global Blockchain Technology market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 12. Global Blockchain Technology market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 13. Global Blockchain Technology market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 14. Global Blockchain Technology market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 15. Global Blockchain Technology market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 16. Global Blockchain Technology market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 17. Global Blockchain Technology market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 18. U.S. Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 19. U.S. Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 20. U.S. Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 21. Canada Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 22. Canada Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 23. Canada Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 24. UK Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 25. UK Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 26. UK Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 27. Germany Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 28. Germany Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 29. Germany Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 30. RoE Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 31. RoE Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 32. RoE Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 33. China Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 34. China Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 35. China Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 36. India Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 37. India Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 38. India Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 39. Japan Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 40. Japan Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 41. Japan Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 42. RoAPAC Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 43. RoAPAC Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 44. RoAPAC Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 45. Brazil Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 46. Brazil Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 47. Brazil Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 48. Mexico Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 49. Mexico Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 50. Mexico Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 51. RoLA Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 52. RoLA Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 53. RoLA Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 54. Row Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 55. Row Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 56. Row Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 57. List of secondary sources, used in the study of global Blockchain Technology market
TABLE 58. List of primary sources, used in the study of global Blockchain Technology market
TABLE 59. Years considered for the study
TABLE 60. Exchange rates considered

LIST OF FIGURES

FIG 1. Global Blockchain Technology market, research methodology
FIG 2. Global Blockchain Technology market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Blockchain Technology market, key trends 2021
FIG 5. Global Blockchain Technology market, growth prospects 2022-2028
FIG 6. Global Blockchain Technology market, porters 5 force model
FIG 7. Global Blockchain Technology market, pest analysis
FIG 8. Global Blockchain Technology market, value chain analysis
FIG 9. Global Blockchain Technology market by segment, 2019 & 2028 (USD Billion)
FIG 10. Global Blockchain Technology market by segment, 2019 & 2028 (USD Billion)
FIG 11. Global Blockchain Technology market by segment, 2019 & 2028 (USD Billion)
FIG 12. Global Blockchain Technology market by segment, 2019 & 2028 (USD Billion)
FIG 13. Global Blockchain Technology market by segment, 2019 & 2028 (USD Billion)
FIG 14. Global Blockchain Technology market, regional snapshot 2019 & 2028
FIG 15. North America Blockchain Technology market 2019 & 2028 (USD Billion)
FIG 16. Europe Blockchain Technology market 2019 & 2028 (USD Billion)
FIG 17. Asia pacific Blockchain Technology market 2019 & 2028 (USD Billion)
FIG 18. Latin America Blockchain Technology market 2019 & 2028 (USD Billion)
FIG 19. Global Blockchain Technology market, company market share analysis (2021)


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