Blockchain Market by Component (Platforms, Services (Managed, Professional)), Provider, Type (Public, Private, Hybrid, Consortium), Deployment Mode (Cloud, On-Premises), Organization Size, Vertical and Region - Global Forecast to 2029
The global blockchain market size is projected to grow from USD 20.1 billion in 2024 to USD 248.9 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 65.5% during the forecast period. The combination of AI and IoT, and blockchain technology drives significant growth by securing data and ensuring tamper-proof records.
“By Component, services Segment expected to grow at higher CAGR during the forecast period”
The demand for blockchain professional services is rising alongside blockchain adoption. These services include consulting, development & integration, and support & maintenance. Providers like IBM, AWS, and Accenture offer expertise in navigating the complexities of blockchain technology, from strategic planning to custom application development and ongoing maintenance. This comprehensive support empowers businesses to leverage blockchain's potential for innovation and operational efficiency. blockchain professional services can offer ongoing support, including security audits and node management, ensuring a smooth operation and security of an organization’s blockchain implementation. By collaborating with these professionals, businesses can navigate the intricacies of blockchain technology, maximizing its potential for their specific needs.
“By Organization Size, SMEs segment is expected to grow at higher CAGR during forecast period”
SMEs face high barriers to entry and low protection from market forces. The operational costs are also high because of the several intermediaries for trading across regions. This restrains the expansion of implementation in small and medium-sized enterprises (SMEs) with limited funding. In situations like these, blockchain technology can be useful as it enables the enterprises to reduce costs by eliminating these intermediaries. SMEs can also leverage blockchain technology to automate manual or semi-automated activities such as payroll, inventory management, and invoicing in their routine day-to-day operations.
Breakdown of primaries
The study contains insights from various industry experts, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
The study includes an in-depth competitive analysis of the key players in the blockchain market, their company profiles, recent developments, and key market strategies.
Research Coverage
The report segments the blockchain market and forecasts its size by Component (platform and services), by Provider (Application Providers, Infrastructure Providers and Middleware Providers), by Type (Public, Private, Hybrid, Consortium), by Deployment Mode (Cloud, On-Premise, Hybrid), by Organization Size (SMEs, Large enterprise), by Application (Transportation & Logistics, Agriculture & Food, Manufacturing, Energy & Utilities, Healthcare & Life Sciences, Media, Advertising & Entertainment, Banking & Financial Services, Insurance, IT & Telecom, Retail & eCommerce, Government, Real Estate & Construction, Other Applications). The study also includes an in-depth competitive analysis of the market’s key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall blockchain market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
“By Component, services Segment expected to grow at higher CAGR during the forecast period”
The demand for blockchain professional services is rising alongside blockchain adoption. These services include consulting, development & integration, and support & maintenance. Providers like IBM, AWS, and Accenture offer expertise in navigating the complexities of blockchain technology, from strategic planning to custom application development and ongoing maintenance. This comprehensive support empowers businesses to leverage blockchain's potential for innovation and operational efficiency. blockchain professional services can offer ongoing support, including security audits and node management, ensuring a smooth operation and security of an organization’s blockchain implementation. By collaborating with these professionals, businesses can navigate the intricacies of blockchain technology, maximizing its potential for their specific needs.
“By Organization Size, SMEs segment is expected to grow at higher CAGR during forecast period”
SMEs face high barriers to entry and low protection from market forces. The operational costs are also high because of the several intermediaries for trading across regions. This restrains the expansion of implementation in small and medium-sized enterprises (SMEs) with limited funding. In situations like these, blockchain technology can be useful as it enables the enterprises to reduce costs by eliminating these intermediaries. SMEs can also leverage blockchain technology to automate manual or semi-automated activities such as payroll, inventory management, and invoicing in their routine day-to-day operations.
Breakdown of primaries
The study contains insights from various industry experts, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
- By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
- By Designation: C-level Executives– 40% and Managerial and Other Levels – 60%
- By Region: North America – 38%, Asia Pacific – 26%, Europe – 21%, Middle East and Africa – 10%, Latin America – 5%
The study includes an in-depth competitive analysis of the key players in the blockchain market, their company profiles, recent developments, and key market strategies.
Research Coverage
The report segments the blockchain market and forecasts its size by Component (platform and services), by Provider (Application Providers, Infrastructure Providers and Middleware Providers), by Type (Public, Private, Hybrid, Consortium), by Deployment Mode (Cloud, On-Premise, Hybrid), by Organization Size (SMEs, Large enterprise), by Application (Transportation & Logistics, Agriculture & Food, Manufacturing, Energy & Utilities, Healthcare & Life Sciences, Media, Advertising & Entertainment, Banking & Financial Services, Insurance, IT & Telecom, Retail & eCommerce, Government, Real Estate & Construction, Other Applications). The study also includes an in-depth competitive analysis of the market’s key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall blockchain market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Increasing venture capital funding and investments in blockchain technology, growing demand in retail, SCM, and banking applications for secure and transparent transactions, simplification of processes along with transparency, security, and immutability, high adoption of blockchain solutions for payments, smart contracts, and digital identities, and lower operational costs), restraints (Uncertain regulatory and compliance environment and high costs of implementing blockchain technology), opportunities (Increasing government initiatives to boost demand for blockchain platforms and services, amalgamation of blockchain, loT, and Al, rising demand for real-time data analysis, enhanced visibility, and proactive maintenance, and potential of blockchain technology in novel industries), and challenges (Security, privacy, and control of blockchain transactions and limited availability of technical skillsets to implement blockchain technology)
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the blockchain market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the blockchain market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the blockchain market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in blockchain market strategies, including AWS (US), Oracle (US), IBM (US), Huawei (China), and Accenture (Ireland).
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.4 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.8 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Breakup of primary profiles
2.1.2.2 Key industry insights
2.2 DATA TRIANGULATION
2.3 MARKET SIZE ESTIMATION
2.3.1 REVENUE ESTIMATES
2.4 MARKET FORECAST
2.5 RESEARCH ASSUMPTIONS
2.6 LIMITATIONS & RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BLOCKCHAIN MARKET
4.2 BLOCKCHAIN MARKET, BY COMPONENT
4.3 BLOCKCHAIN MARKET, BY SERVICE
4.4 BLOCKCHAIN MARKET, BY PROVIDER
4.5 BLOCKCHAIN MARKET, BY TYPE
4.6 BLOCKCHAIN MARKET, BY DEPLOYMENT MODE
4.7 BLOCKCHAIN MARKET, BY ORGANIZATION SIZE
4.8 BLOCKCHAIN MARKET, BY KEY REGION AND VERTICAL
4.9 BLOCKCHAIN MARKET: INVESTMENT SCENARIO
5 MARKET OVERVIEW AND INDUSTRY TRENDS
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing venture capital funding and investments in blockchain technology
5.2.1.2 Growing demand for secure and transparent transactions in retail, SCM, and banking applications
5.2.1.3 Need for simplification, transparency, security, and immutability of processes
5.2.1.4 High adoption of blockchain solutions for payments, smart contracts, and digital identities
5.2.1.5 Low operational costs offered
5.2.2 RESTRAINTS
5.2.2.1 Uncertain regulatory and compliance environment
5.2.2.2 High cost of implementing blockchain technology
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing government initiatives to boost demand for blockchain platforms and services
5.2.3.2 Amalgamation of blockchain, IoT, and AI
5.2.3.3 Rising demand for real-time data analysis, enhanced visibility, and proactive maintenance
5.2.3.4 Potential of blockchain technology in novel industries
5.2.3.4.1 Blockchain gaming
5.2.3.4.2 Seafood tracking
5.2.3.4.3 Trucking
5.2.4 CHALLENGES
5.2.4.1 Security, privacy, and control of blockchain transactions
5.2.4.2 Limited availability of technical skillsets to implement blockchain technology
5.3 CASE STUDY ANALYSIS
5.3.1 KEY CASE STUDIES
5.3.1.1 Smart Dubai Initiative’ used blockchain technology for smart transformation
5.3.1.2 Rockefeller Foundation established ‘ID2020’ with support from Accenture
5.3.1.3 Blockchain technology enabled retailers to manage their supply chain and inventory cost-effectively
5.3.1.4 Estonian government adopted blockchain technology eSolutions
5.3.1.5 Blockchain helped businesses create framework of linked data records through immutable ledger
5.3.1.6 IBM partnered with Walmart (US) to track pork in China and mangoes in US to ensure food safety
5.3.1.7 Retailers implemented blockchain solutions to ensure customer identification documents are independently checked and verified
5.3.1.8 Warranteer Digital offered blockchain application for retailers to improve overall efficiency
5.3.1.9 IBM collaborated with Maersk to develop global trade digitalization platform
5.3.2 OTHER CASE STUDIES
5.3.2.1 IBM Blockchain helped Home Depot streamline supply chain
5.3.2.2 Oracle’s blockchain platform helped HealthSync transform its supply chain operations
5.3.2.3 Walmart used IBM’s blockchain platform to reduce wastage of food by improving food safety and traceability
5.3.2.4 Virgin Diamond used Netobjex’s digital twin platform
5.3.2.5 Bumble Bee Seafoods collaborated with SAP to trace fish supply chain in Indonesian village
5.3.2.6 ICICI Bank and Emirates NBD partnered with EdgeVerve Finacle to pilot first blockchain-based network
5.3.2.7 Arab Jordan Investment Bank (AJIB) leveraged Oracle’s blockchain platform for cross-border money transfers
5.4 VALUE CHAIN ANALYSIS
5.4.1 COMPONENT/HARDWARE SUPPLIERS
5.4.2 PLANNING & DESIGNING
5.4.3 INFRASTRUCTURE & DEPLOYMENT
5.4.4 SOLUTION & SERVICE PROVIDERS
5.4.5 SYSTEM INTEGRATORS
5.4.6 SALES & DISTRIBUTION CHANNELS
5.4.7 END USERS
5.5 ECOSYSTEM
5.6 PORTER’S FIVE FORCES ANALYSIS
5.6.1 THREAT OF NEW ENTRANTS
5.6.2 THREAT OF SUBSTITUTES
5.6.3 BARGAINING POWER OF SUPPLIERS
5.6.4 BARGAINING POWER OF BUYERS
5.6.5 INTENSITY OF COMPETITIVE RIVALRY
5.7 PRICING ANALYSIS
5.7.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY PLATFORM
5.7.2 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY REGION
5.7.3 INDICATIVE PRICING ANALYSIS
5.8 TECHNOLOGY ANALYSIS
5.8.1 KEY TECHNOLOGIES
5.8.1.1 Blockchain and AI
5.8.1.2 Blockchain and cloud
5.8.2 COMPLEMENTARY TECHNOLOGIES
5.8.2.1 Blockchain & IoT
5.8.3 ADJACENT TECHNOLOGIES
5.8.3.1 Big data analytics
5.9 PATENT ANALYSIS
5.9.1 LIST OF TOP PATENTS IN BLOCKCHAIN MARKET, 2023–2024
5.1 TRENDS & DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.11 KEY STAKEHOLDERS & BUYING CRITERIA
5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.11.2 BUYING CRITERIA
5.12 REGULATORY LANDSCAPE
5.12.1 PAYMENT CARD INDUSTRY DATA SECURITY STANDARD (PCI DSS)
5.12.2 HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT (HIPPA)
5.12.3 SARBANES-OXLEY ACT (SOX)
5.12.4 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13 KEY CONFERENCES & EVENTS, 2024–2025
5.14 BLOCKCHAIN MARKET: BUSINESS MODEL ANALYSIS
5.15 INVESTMENT & FUNDING SCENARIO
5.16 IMPLEMENTATION OF BLOCKCHAIN TECHNOLOGY
5.17 COMPARISON BETWEEN CENTRALIZED/PERMISSIONED AND DECENTRALIZED/PERMISSIONLESS BLOCKCHAIN
5.17.1 TYPES OF BLOCKCHAIN TECHNOLOGY
5.17.1.1 Private blockchain
5.17.1.2 Public blockchain
5.17.1.3 Permissioned/Hybrid blockchain
6 BLOCKCHAIN MARKET, BY COMPONENT
6.1 INTRODUCTION
6.1.1 COMPONENTS: BLOCKCHAIN MARKET DRIVERS
6.2 PLATFORMS
6.2.1 NEED FOR TRACKING, DOCUMENTING, AND FACILITATING TRANSACTIONS TO DRIVE DEMAND FOR BLOCKCHAIN PLATFORMS
6.3 SERVICES
6.3.1 FOCUS ON SEAMLESS DEPLOYMENT AND MAINTENANCE OF BLOCKCHAIN TECHNOLOGY AMONG BUSINESSES TO BOOST GROWTH
6.3.2 PROFESSIONAL SERVICES
6.3.2.1 Technology advisory & consulting
6.3.2.2 Development & integration
6.3.2.3 Support & maintenance
6.3.3 MANAGED SERVICES
7 BLOCKCHAIN MARKET, BY PROVIDER
7.1 INTRODUCTION
7.1.1 PROVIDERS: BLOCKCHAIN MARKET DRIVERS
7.2 APPLICATION PROVIDERS
7.2.1 NEED FOR COMPANIES TO LEVERAGE BENEFITS OF BLOCKCHAIN TECHNOLOGY TO DRIVE POPULARITY OF APPLICATION PROVIDERS
7.3 INFRASTRUCTURE PROVIDERS
7.3.1 INFRASTRUCTURE MANAGEMENT HELPS MANAGE BACKEND OPERATIONS OF BLOCKCHAIN APPLICATIONS FOR BUSINESSES
7.4 MIDDLEWARE PROVIDERS
7.4.1 BLOCKCHAIN MIDDLEWARE PROVIDERS ENSURE QUICK DEVELOPMENT OF APPLICATIONS AND INTERFACES
8 BLOCKCHAIN MARKET, BY TYPE
8.1 INTRODUCTION
8.1.1 TYPES: BLOCKCHAIN MARKET DRIVERS
8.2 PUBLIC
8.2.1 NEED FOR MAINTAINING SAFETY AND TRANSPARENCY OF NETWORKS TO DRIVE DEMAND FOR PUBLIC BLOCKCHAIN SERVICES
8.3 PRIVATE
8.3.1 PRIVATE BLOCKCHAIN PROVIDES OPPORTUNITIES TO BUSINESSES IN TERMS OF LEVERAGING BLOCKCHAIN TECHNOLOGY FOR BUSINESS-TO-BUSINESS USE CASES
8.4 HYBRID
8.4.1 BLEND OF ESSENTIAL FEATURES OF PUBLIC AND PRIVATE BLOCKCHAIN TO MAKE TRANSACTIONS MORE SECURE
8.5 CONSORTIUM
8.5.1 CONSORTIUM BLOCKCHAIN OFFERS ENHANCED SECURITY AND CONTROL WHILE STILL ENABLING COLLABORATION AMONG TRUSTED PARTIES
9 BLOCKCHAIN MARKET, BY DEPLOYMENT MODE
9.1 INTRODUCTION
9.1.1 DEPLOYMENT MODES: BLOCKCHAIN MARKET DRIVERS
9.2 ON-PREMISES
9.2.1 ON-PREMISES MODEL APPEALS TO ORGANIZATIONS SEEKING MAXIMUM UPTIME AND RELIABILITY
9.3 CLOUD
9.3.1 CLOUD BLOCKCHAIN PROVIDES ROBUST SECURITY MEASURES AND CONTINUOUS UPDATES, ENSURING BLOCKCHAIN NETWORKS REMAIN SECURE AND UP-TO-DATE
9.4 HYBRID
9.4.1 HYBRID DEPLOYMENT MODE OFFERS FLEXIBILITY AND SECURITY TO ORGANIZATIONS
10 BLOCKCHAIN MARKET, BY ORGANIZATION SIZE
10.1 INTRODUCTION
10.1.1 ORGANIZATION SIZES: BLOCKCHAIN MARKET DRIVERS
10.2 SMES
10.2.1 NEED FOR GROWTH AND DEVELOPMENT OF SMES TO BOOST POPULARITY OF BLOCKCHAIN SERVICES
10.3 LARGE ENTERPRISES
10.3.1 FINANCIAL CAPACITY OF LARGE ENTERPRISES TO INCORPORATE NEW TECHNOLOGIES TO DRIVE ADOPTION OF BLOCKCHAIN SERVICES
11 BLOCKCHAIN MARKET, BY VERTICAL
11.1 INTRODUCTION
11.1.1 VERTICALS: BLOCKCHAIN MARKET DRIVERS
11.2 TRANSPORTATION & LOGISTICS
11.2.1 NEED FOR CLOSE COORDINATION BETWEEN MULTIPLE PARTIES TO BOLSTER ADOPTION OF BLOCKCHAIN SERVICES
11.2.2 TRANSPORTATION & LOGISTICS: BLOCKCHAIN APPLICATIONS
11.2.2.1 Financing
11.2.2.2 Mobility solutions
11.2.2.3 Smart contracts
11.2.2.4 Others
11.3 AGRICULTURE & FOOD
11.3.1 DEMAND FOR SUSTAINABLE FOOD ECOSYSTEM AND FOOD CERTIFICATION TO SPUR GROWTH
11.3.2 AGRICULTURE & FOOD: BLOCKCHAIN APPLICATIONS
11.3.2.1 Product traceability, tracking, and visibility
11.3.2.2 Payment & settlement
11.3.2.3 Smart contracts
11.3.2.4 Improved quality control & food safety
11.4 MANUFACTURING
11.4.1 USE OF SMART TAGS AND RFID SENSORS TO ENSURE TRACEABILITY IN MANUFACTURING INDUSTRY
11.4.2 MANUFACTURING: BLOCKCHAIN APPLICATIONS
11.4.2.1 Predictive maintenance
11.4.2.2 Asset tracking & management
11.4.2.3 Business process optimization
11.4.2.4 Logistics & supply chain management
11.4.2.5 Quality control & compliance
11.4.2.6 Others
11.5 ENERGY & UTILITIES
11.5.1 POWER GRID SUPPLY AND CRITICAL INFRASTRUCTURE MANAGEMENT TO GAIN TRACTION USING BLOCKCHAIN TECHNOLOGY
11.5.2 ENERGY & UTILITIES: BLOCKCHAIN APPLICATIONS
11.5.2.1 Grid management
11.5.2.2 Energy trading
11.5.2.3 GRC management
11.5.2.4 Payment schemes
11.5.2.5 Supply chain management
11.5.2.6 Others
11.6 HEALTHCARE & LIFE SCIENCES
11.6.1 NEED TO SECURE CRITICAL PATIENT DATA ACROSS NODES TO BOOST DEMAND FOR BLOCKCHAIN
11.6.2 HEALTHCARE & LIFE SCIENCES: BLOCKCHAIN APPLICATIONS
11.6.2.1 Clinical data exchange & interoperability
11.6.2.2 Supply chain management
11.6.2.3 Claims adjudication & billing management
11.6.2.4 Others
11.7 MEDIA, ADVERTISING, AND ENTERTAINMENT
11.7.1 TRACTION ACROSS DIGITAL ADVERTISING APPLICATIONS USING BLOCKCHAIN-BASED SMART CONTRACTS TO DRIVE USE OF BLOCKCHAIN SOLUTIONS
11.7.2 MEDIA, ADVERTISING, AND ENTERTAINMENT: BLOCKCHAIN APPLICATIONS
11.7.2.1 Licensing & rights management
11.7.2.2 Digital advertising
11.7.2.3 Smart contracts
11.7.2.4 Content security
11.7.2.5 Online gaming
11.7.2.6 Payments
11.7.2.7 Others
11.8 BANKING & FINANCIAL SERVICES
11.8.1 RISING DEMAND FOR DECENTRALIZED BANKING PLATFORMS TO DRIVE MARKET FOR BLOCKCHAIN
11.8.2 BANKING & FINANCIAL SERVICES: BLOCKCHAIN APPLICATIONS
11.8.2.1 Payments, clearing, and settlement
11.8.2.2 Exchanges & remittance
11.8.2.3 Smart contracts
11.8.2.4 Identity management
11.8.2.5 Compliance management/KYC
11.8.2.6 Others
11.9 INSURANCE
11.9.1 RAPID AUTOMATION ACROSS INSURANCE AND RISK MANAGEMENT SERVICES TO DRIVE ADOPTION OF BLOCKCHAIN PLATFORMS
11.9.2 INSURANCE: BLOCKCHAIN APPLICATIONS
11.9.2.1 GRC management
11.9.2.2 Death & claims management
11.9.2.3 Payments
11.9.2.4 Identity management & fraud detection
11.9.2.5 Smart contracts
11.9.2.6 Others
11.1 IT & TELECOM
11.10.1 NEED FOR PROTECTING SENSITIVE TELECOM DATA TO FUEL DEMAND FOR BLOCKCHAIN SOLUTIONS
11.10.2 IT & TELECOM: BLOCKCHAIN APPLICATIONS
11.10.2.1 OSS/BSS processes
11.10.2.2 Identity management
11.10.2.3 Payments
11.10.2.4 Smart contracts
11.10.2.5 Connectivity provisioning
11.10.2.6 Others
11.11 RETAIL & ECOMMERCE
11.11.1 AUTOMATION ACROSS RETAIL CHANNELS FOR CURBING DATA THEFT TO PROPEL GROWTH
11.11.2 RETAIL & ECOMMERCE: BLOCKCHAIN APPLICATIONS
11.11.2.1 Compliance management
11.11.2.2 Identity management
11.11.2.3 Loyalty & rewards management
11.11.2.4 Payments
11.11.2.5 Smart contracts
11.11.2.6 Supply chain management
11.11.2.7 Others
11.12 GOVERNMENT
11.12.1 RISE IN CONCERNS ABOUT IDENTITY THEFT AND BUSINESS FRAUD TO DRIVE SEGMENT GROWTH
11.12.2 GOVERNMENT: BLOCKCHAIN APPLICATIONS
11.12.2.1 Asset registry
11.12.2.2 Identity management
11.12.2.3 Payments
11.12.2.4 Smart contracts
11.12.2.5 Voting
11.13 REAL ESTATE & CONSTRUCTION
11.13.1 TENANCY AGREEMENTS CREATED USING SMART CONTRACTS TO EASE PROCESS OF TRANSACTIONS BETWEEN PARTIES
11.13.2 REAL ESTATE & CONSTRUCTION: BLOCKCHAIN APPLICATIONS
11.13.2.1 Tokenization & asset management
11.13.2.2 Smart contracts
11.13.2.3 Others
11.14 OTHER VERTICALS
12 BLOCKCHAIN MARKET, BY REGION
12.1 INTRODUCTION
12.2 NORTH AMERICA
12.2.1 NORTH AMERICA: BLOCKCHAIN MARKET DRIVERS
12.2.2 NORTH AMERICA: IMPACT OF RECESSION
12.2.3 NORTH AMERICA: REGULATORY LANDSCAPE
12.2.4 US
12.2.4.1 Blockchain technology adopted by US federal government to streamline and modernize processes
12.2.5 CANADA
12.2.5.1 Growth in digital technologies and internet to drive blockchain adoption
12.3 EUROPE
12.3.1 EUROPE: BLOCKCHAIN MARKET DRIVERS
12.3.2 EUROPE: IMPACT OF RECESSION
12.3.3 EUROPE: REGULATORY LANDSCAPE
12.3.4 UK
12.3.4.1 BFSI industry uses blockchain for risk management and secure financial transactions
12.3.5 GERMANY
12.3.5.1 Local communities to pave way for developing blockchain ecosystem
12.3.6 FRANCE
12.3.6.1 Utilization of AI, IoT, and blockchain for industrial revolution and digital transformation
12.3.7 ITALY
12.3.7.1 Italy saw substantial stability in blockchain projects, with rise in investments
12.3.8 REST OF EUROPE
12.4 ASIA PACIFIC
12.4.1 ASIA PACIFIC: BLOCKCHAIN MARKET DRIVERS
12.4.2 ASIA PACIFIC: IMPACT OF RECESSION
12.4.3 ASIA PACIFIC: REGULATORY LANDSCAPE
12.4.4 CHINA
12.4.4.1 Rapid digitalization and need for offering low-cost blockchain solutions to SMEs to drive market
12.4.5 AUSTRALIA & NEW ZEALAND
12.4.5.1 Vibrant tech community and startup ecosystem to foster innovative blockchain projects
12.4.6 SINGAPORE
12.4.6.1 Country’s regulatory environment and robust infrastructure to prove conducive for growth of blockchain market
12.4.7 JAPAN
12.4.7.1 Rapid movement toward supply chain 4.0 to drive blockchain adoption
12.4.8 INDIA
12.4.8.1 Government to embrace blockchain services to enhance transparency and efficiency in operations
12.4.9 REST OF ASIA PACIFIC
12.5 MIDDLE EAST & AFRICA
12.5.1 MIDDLE EAST & AFRICA: BLOCKCHAIN MARKET DRIVERS
12.5.2 MIDDLE EAST & AFRICA: IMPACT OF RECESSION
12.5.3 MIDDLE EAST & AFRICA: REGULATORY LANDSCAPE
12.5.4 GCC COUNTRIES
12.5.4.1 Central and commercial banks and financial service firms to team up with Fintech and blockchain companies
12.5.4.2 KSA
12.5.4.3 UAE
12.5.4.4 Rest of GCC countries
12.5.5 SOUTH AFRICA
12.5.5.1 Need for generating awareness about blockchain technology to promote growth
12.5.6 REST OF MIDDLE EAST & AFRICA
12.6 LATIN AMERICA
12.6.1 LATIN AMERICA: BLOCKCHAIN MARKET DRIVERS
12.6.2 LATIN AMERICA: IMPACT OF RECESSION
12.6.3 LATIN AMERICA: REGULATORY LANDSCAPE
12.6.4 BRAZIL
12.6.4.1 Integration of blockchain technology into digital identity applications, documents, and authenticity/identity verification to boost growth
12.6.5 MEXICO
12.6.5.1 Government agencies to utilize blockchain capabilities
12.6.6 REST OF LATIN AMERICA
13 COMPETITIVE LANDSCAPE
13.1 KEY PLAYER STRATEGIES/RIGHT TO WIN
13.2 BRAND/PRODUCT COMPARISON
13.3 COMPANY VALUATION AND FINANCIAL METRICS
13.4 REVENUE ANALYSIS
13.5 MARKET SHARE ANALYSIS
13.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
13.6.1 STARS
13.6.2 EMERGING LEADERS
13.6.3 PERVASIVE PLAYERS
13.6.4 PARTICIPANTS
13.6.5 COMPANY FOOTPRINT: KEY PLAYERS
13.6.5.1 Company footprint
13.6.5.2 Component footprint
13.6.5.3 Service footprint
13.6.5.4 Vertical footprint
13.6.5.5 Regional footprint
13.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
13.7.1 PROGRESSIVE COMPANIES
13.7.2 RESPONSIVE COMPANIES
13.7.3 DYNAMIC COMPANIES
13.7.4 STARTING BLOCKS
13.7.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES
13.7.5.1 Detailed list of key startups/SMEs
13.7.5.2 Competitive benchmarking of key startups/SMEs
13.8 COMPETITIVE SCENARIO AND TRENDS
13.8.1 PRODUCT LAUNCHES
13.8.2 DEALS
14 COMPANY PROFILES
14.1 KEY PLAYERS
14.1.1 AWS
14.1.1.1 Business overview
14.1.1.2 Products/Solutions/Services offered
14.1.1.3 Recent developments
14.1.1.4 MnM view
14.1.1.4.1 Key strengths
14.1.1.4.2 Strategic choices
14.1.1.4.3 Weaknesses & competitive threats
14.1.2 IBM
14.1.2.1 Business overview
14.1.2.2 Products/Solutions/Services offered
14.1.2.3 MnM view
14.1.2.3.1 Key strengths
14.1.2.3.2 Strategic choices
14.1.2.3.3 Weaknesses & competitive threats
14.1.3 ORACLE
14.1.3.1 Business overview
14.1.3.2 Products/Solutions/Services offered
14.1.3.3 Recent developments
14.1.3.4 MnM view
14.1.3.4.1 Key strengths
14.1.3.4.2 Strategic choices
14.1.3.4.3 Weaknesses & competitive threats
14.1.4 HUAWEI
14.1.4.1 Business overview
14.1.4.2 Products/Solutions/Services offered
14.1.4.3 Recent developments
14.1.4.4 MnM view
14.1.4.4.1 Key strengths
14.1.4.4.2 Strategic choices
14.1.4.4.3 Weaknesses & competitive threats
14.1.5 ACCENTURE
14.1.5.1 Business overview
14.1.5.2 Products/Solutions/Services offered
14.1.5.3 Recent developments
14.1.5.4 MnM view
14.1.5.4.1 Key strengths
14.1.5.4.2 Strategic choices
14.1.5.4.3 Weaknesses & competitive threats
14.1.6 TCS
14.1.6.1 Business overview
14.1.6.2 Products/Solutions/Services offered
14.1.6.3 Recent developments
14.1.7 GOOGLE
14.1.7.1 Business overview
14.1.7.2 Products/Solutions/Services offered
14.1.7.3 Recent developments
14.1.8 ALIBABA
14.1.8.1 Business overview
14.1.8.2 Products/Solutions/Services offered
14.1.9 MICROSOFT
14.1.9.1 Business overview
14.1.9.2 Products/Solutions/Services offered
14.1.10 OVHCLOUD
14.1.10.1 Business overview
14.1.10.2 Products/Solutions/Services offered
14.1.11 SAP
14.1.11.1 Business overview
14.1.11.2 Products/Solutions/Services offered
14.1.12 HPE
14.1.12.1 Business overview
14.1.12.2 Products/Solutions/Services offered
14.1.13 TENCENT
14.1.14 WIPRO
14.1.15 INFOSYS
14.1.16 LUMEN TECHNOLOGIES
14.1.17 DIGITALOCEAN
14.1.18 VMWARE
14.1.19 AKAMAI TECHNOLOGIES
14.2 STARTUPS/SMES
14.2.1 APPLIED BLOCKCHAIN
14.2.2 CONSENSYS
14.2.3 CONTABO
14.2.4 LEEWAYHERTZ
14.2.5 VULTR
14.2.6 CLOUDSIGMA
14.2.7 MEVSPACE
14.2.8 SCALEWAY
15 ADJACENT MARKETS
15.1 INTRODUCTION
15.2 LIMITATIONS
15.3 BLOCKCHAIN SUPPLY CHAIN MARKET
15.3.1 MARKET DEFINITION
15.4 BLOCKCHAIN-AS-A-SERVICE MARKET
15.4.1 MARKET DEFINITION
16 APPENDIX
16.1 DISCUSSION GUIDE
16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.3 CUSTOMIZATION OPTIONS
16.4 RELATED REPORTS
16.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.4 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.8 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Breakup of primary profiles
2.1.2.2 Key industry insights
2.2 DATA TRIANGULATION
2.3 MARKET SIZE ESTIMATION
2.3.1 REVENUE ESTIMATES
2.4 MARKET FORECAST
2.5 RESEARCH ASSUMPTIONS
2.6 LIMITATIONS & RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BLOCKCHAIN MARKET
4.2 BLOCKCHAIN MARKET, BY COMPONENT
4.3 BLOCKCHAIN MARKET, BY SERVICE
4.4 BLOCKCHAIN MARKET, BY PROVIDER
4.5 BLOCKCHAIN MARKET, BY TYPE
4.6 BLOCKCHAIN MARKET, BY DEPLOYMENT MODE
4.7 BLOCKCHAIN MARKET, BY ORGANIZATION SIZE
4.8 BLOCKCHAIN MARKET, BY KEY REGION AND VERTICAL
4.9 BLOCKCHAIN MARKET: INVESTMENT SCENARIO
5 MARKET OVERVIEW AND INDUSTRY TRENDS
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing venture capital funding and investments in blockchain technology
5.2.1.2 Growing demand for secure and transparent transactions in retail, SCM, and banking applications
5.2.1.3 Need for simplification, transparency, security, and immutability of processes
5.2.1.4 High adoption of blockchain solutions for payments, smart contracts, and digital identities
5.2.1.5 Low operational costs offered
5.2.2 RESTRAINTS
5.2.2.1 Uncertain regulatory and compliance environment
5.2.2.2 High cost of implementing blockchain technology
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing government initiatives to boost demand for blockchain platforms and services
5.2.3.2 Amalgamation of blockchain, IoT, and AI
5.2.3.3 Rising demand for real-time data analysis, enhanced visibility, and proactive maintenance
5.2.3.4 Potential of blockchain technology in novel industries
5.2.3.4.1 Blockchain gaming
5.2.3.4.2 Seafood tracking
5.2.3.4.3 Trucking
5.2.4 CHALLENGES
5.2.4.1 Security, privacy, and control of blockchain transactions
5.2.4.2 Limited availability of technical skillsets to implement blockchain technology
5.3 CASE STUDY ANALYSIS
5.3.1 KEY CASE STUDIES
5.3.1.1 Smart Dubai Initiative’ used blockchain technology for smart transformation
5.3.1.2 Rockefeller Foundation established ‘ID2020’ with support from Accenture
5.3.1.3 Blockchain technology enabled retailers to manage their supply chain and inventory cost-effectively
5.3.1.4 Estonian government adopted blockchain technology eSolutions
5.3.1.5 Blockchain helped businesses create framework of linked data records through immutable ledger
5.3.1.6 IBM partnered with Walmart (US) to track pork in China and mangoes in US to ensure food safety
5.3.1.7 Retailers implemented blockchain solutions to ensure customer identification documents are independently checked and verified
5.3.1.8 Warranteer Digital offered blockchain application for retailers to improve overall efficiency
5.3.1.9 IBM collaborated with Maersk to develop global trade digitalization platform
5.3.2 OTHER CASE STUDIES
5.3.2.1 IBM Blockchain helped Home Depot streamline supply chain
5.3.2.2 Oracle’s blockchain platform helped HealthSync transform its supply chain operations
5.3.2.3 Walmart used IBM’s blockchain platform to reduce wastage of food by improving food safety and traceability
5.3.2.4 Virgin Diamond used Netobjex’s digital twin platform
5.3.2.5 Bumble Bee Seafoods collaborated with SAP to trace fish supply chain in Indonesian village
5.3.2.6 ICICI Bank and Emirates NBD partnered with EdgeVerve Finacle to pilot first blockchain-based network
5.3.2.7 Arab Jordan Investment Bank (AJIB) leveraged Oracle’s blockchain platform for cross-border money transfers
5.4 VALUE CHAIN ANALYSIS
5.4.1 COMPONENT/HARDWARE SUPPLIERS
5.4.2 PLANNING & DESIGNING
5.4.3 INFRASTRUCTURE & DEPLOYMENT
5.4.4 SOLUTION & SERVICE PROVIDERS
5.4.5 SYSTEM INTEGRATORS
5.4.6 SALES & DISTRIBUTION CHANNELS
5.4.7 END USERS
5.5 ECOSYSTEM
5.6 PORTER’S FIVE FORCES ANALYSIS
5.6.1 THREAT OF NEW ENTRANTS
5.6.2 THREAT OF SUBSTITUTES
5.6.3 BARGAINING POWER OF SUPPLIERS
5.6.4 BARGAINING POWER OF BUYERS
5.6.5 INTENSITY OF COMPETITIVE RIVALRY
5.7 PRICING ANALYSIS
5.7.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY PLATFORM
5.7.2 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY REGION
5.7.3 INDICATIVE PRICING ANALYSIS
5.8 TECHNOLOGY ANALYSIS
5.8.1 KEY TECHNOLOGIES
5.8.1.1 Blockchain and AI
5.8.1.2 Blockchain and cloud
5.8.2 COMPLEMENTARY TECHNOLOGIES
5.8.2.1 Blockchain & IoT
5.8.3 ADJACENT TECHNOLOGIES
5.8.3.1 Big data analytics
5.9 PATENT ANALYSIS
5.9.1 LIST OF TOP PATENTS IN BLOCKCHAIN MARKET, 2023–2024
5.1 TRENDS & DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.11 KEY STAKEHOLDERS & BUYING CRITERIA
5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.11.2 BUYING CRITERIA
5.12 REGULATORY LANDSCAPE
5.12.1 PAYMENT CARD INDUSTRY DATA SECURITY STANDARD (PCI DSS)
5.12.2 HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT (HIPPA)
5.12.3 SARBANES-OXLEY ACT (SOX)
5.12.4 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13 KEY CONFERENCES & EVENTS, 2024–2025
5.14 BLOCKCHAIN MARKET: BUSINESS MODEL ANALYSIS
5.15 INVESTMENT & FUNDING SCENARIO
5.16 IMPLEMENTATION OF BLOCKCHAIN TECHNOLOGY
5.17 COMPARISON BETWEEN CENTRALIZED/PERMISSIONED AND DECENTRALIZED/PERMISSIONLESS BLOCKCHAIN
5.17.1 TYPES OF BLOCKCHAIN TECHNOLOGY
5.17.1.1 Private blockchain
5.17.1.2 Public blockchain
5.17.1.3 Permissioned/Hybrid blockchain
6 BLOCKCHAIN MARKET, BY COMPONENT
6.1 INTRODUCTION
6.1.1 COMPONENTS: BLOCKCHAIN MARKET DRIVERS
6.2 PLATFORMS
6.2.1 NEED FOR TRACKING, DOCUMENTING, AND FACILITATING TRANSACTIONS TO DRIVE DEMAND FOR BLOCKCHAIN PLATFORMS
6.3 SERVICES
6.3.1 FOCUS ON SEAMLESS DEPLOYMENT AND MAINTENANCE OF BLOCKCHAIN TECHNOLOGY AMONG BUSINESSES TO BOOST GROWTH
6.3.2 PROFESSIONAL SERVICES
6.3.2.1 Technology advisory & consulting
6.3.2.2 Development & integration
6.3.2.3 Support & maintenance
6.3.3 MANAGED SERVICES
7 BLOCKCHAIN MARKET, BY PROVIDER
7.1 INTRODUCTION
7.1.1 PROVIDERS: BLOCKCHAIN MARKET DRIVERS
7.2 APPLICATION PROVIDERS
7.2.1 NEED FOR COMPANIES TO LEVERAGE BENEFITS OF BLOCKCHAIN TECHNOLOGY TO DRIVE POPULARITY OF APPLICATION PROVIDERS
7.3 INFRASTRUCTURE PROVIDERS
7.3.1 INFRASTRUCTURE MANAGEMENT HELPS MANAGE BACKEND OPERATIONS OF BLOCKCHAIN APPLICATIONS FOR BUSINESSES
7.4 MIDDLEWARE PROVIDERS
7.4.1 BLOCKCHAIN MIDDLEWARE PROVIDERS ENSURE QUICK DEVELOPMENT OF APPLICATIONS AND INTERFACES
8 BLOCKCHAIN MARKET, BY TYPE
8.1 INTRODUCTION
8.1.1 TYPES: BLOCKCHAIN MARKET DRIVERS
8.2 PUBLIC
8.2.1 NEED FOR MAINTAINING SAFETY AND TRANSPARENCY OF NETWORKS TO DRIVE DEMAND FOR PUBLIC BLOCKCHAIN SERVICES
8.3 PRIVATE
8.3.1 PRIVATE BLOCKCHAIN PROVIDES OPPORTUNITIES TO BUSINESSES IN TERMS OF LEVERAGING BLOCKCHAIN TECHNOLOGY FOR BUSINESS-TO-BUSINESS USE CASES
8.4 HYBRID
8.4.1 BLEND OF ESSENTIAL FEATURES OF PUBLIC AND PRIVATE BLOCKCHAIN TO MAKE TRANSACTIONS MORE SECURE
8.5 CONSORTIUM
8.5.1 CONSORTIUM BLOCKCHAIN OFFERS ENHANCED SECURITY AND CONTROL WHILE STILL ENABLING COLLABORATION AMONG TRUSTED PARTIES
9 BLOCKCHAIN MARKET, BY DEPLOYMENT MODE
9.1 INTRODUCTION
9.1.1 DEPLOYMENT MODES: BLOCKCHAIN MARKET DRIVERS
9.2 ON-PREMISES
9.2.1 ON-PREMISES MODEL APPEALS TO ORGANIZATIONS SEEKING MAXIMUM UPTIME AND RELIABILITY
9.3 CLOUD
9.3.1 CLOUD BLOCKCHAIN PROVIDES ROBUST SECURITY MEASURES AND CONTINUOUS UPDATES, ENSURING BLOCKCHAIN NETWORKS REMAIN SECURE AND UP-TO-DATE
9.4 HYBRID
9.4.1 HYBRID DEPLOYMENT MODE OFFERS FLEXIBILITY AND SECURITY TO ORGANIZATIONS
10 BLOCKCHAIN MARKET, BY ORGANIZATION SIZE
10.1 INTRODUCTION
10.1.1 ORGANIZATION SIZES: BLOCKCHAIN MARKET DRIVERS
10.2 SMES
10.2.1 NEED FOR GROWTH AND DEVELOPMENT OF SMES TO BOOST POPULARITY OF BLOCKCHAIN SERVICES
10.3 LARGE ENTERPRISES
10.3.1 FINANCIAL CAPACITY OF LARGE ENTERPRISES TO INCORPORATE NEW TECHNOLOGIES TO DRIVE ADOPTION OF BLOCKCHAIN SERVICES
11 BLOCKCHAIN MARKET, BY VERTICAL
11.1 INTRODUCTION
11.1.1 VERTICALS: BLOCKCHAIN MARKET DRIVERS
11.2 TRANSPORTATION & LOGISTICS
11.2.1 NEED FOR CLOSE COORDINATION BETWEEN MULTIPLE PARTIES TO BOLSTER ADOPTION OF BLOCKCHAIN SERVICES
11.2.2 TRANSPORTATION & LOGISTICS: BLOCKCHAIN APPLICATIONS
11.2.2.1 Financing
11.2.2.2 Mobility solutions
11.2.2.3 Smart contracts
11.2.2.4 Others
11.3 AGRICULTURE & FOOD
11.3.1 DEMAND FOR SUSTAINABLE FOOD ECOSYSTEM AND FOOD CERTIFICATION TO SPUR GROWTH
11.3.2 AGRICULTURE & FOOD: BLOCKCHAIN APPLICATIONS
11.3.2.1 Product traceability, tracking, and visibility
11.3.2.2 Payment & settlement
11.3.2.3 Smart contracts
11.3.2.4 Improved quality control & food safety
11.4 MANUFACTURING
11.4.1 USE OF SMART TAGS AND RFID SENSORS TO ENSURE TRACEABILITY IN MANUFACTURING INDUSTRY
11.4.2 MANUFACTURING: BLOCKCHAIN APPLICATIONS
11.4.2.1 Predictive maintenance
11.4.2.2 Asset tracking & management
11.4.2.3 Business process optimization
11.4.2.4 Logistics & supply chain management
11.4.2.5 Quality control & compliance
11.4.2.6 Others
11.5 ENERGY & UTILITIES
11.5.1 POWER GRID SUPPLY AND CRITICAL INFRASTRUCTURE MANAGEMENT TO GAIN TRACTION USING BLOCKCHAIN TECHNOLOGY
11.5.2 ENERGY & UTILITIES: BLOCKCHAIN APPLICATIONS
11.5.2.1 Grid management
11.5.2.2 Energy trading
11.5.2.3 GRC management
11.5.2.4 Payment schemes
11.5.2.5 Supply chain management
11.5.2.6 Others
11.6 HEALTHCARE & LIFE SCIENCES
11.6.1 NEED TO SECURE CRITICAL PATIENT DATA ACROSS NODES TO BOOST DEMAND FOR BLOCKCHAIN
11.6.2 HEALTHCARE & LIFE SCIENCES: BLOCKCHAIN APPLICATIONS
11.6.2.1 Clinical data exchange & interoperability
11.6.2.2 Supply chain management
11.6.2.3 Claims adjudication & billing management
11.6.2.4 Others
11.7 MEDIA, ADVERTISING, AND ENTERTAINMENT
11.7.1 TRACTION ACROSS DIGITAL ADVERTISING APPLICATIONS USING BLOCKCHAIN-BASED SMART CONTRACTS TO DRIVE USE OF BLOCKCHAIN SOLUTIONS
11.7.2 MEDIA, ADVERTISING, AND ENTERTAINMENT: BLOCKCHAIN APPLICATIONS
11.7.2.1 Licensing & rights management
11.7.2.2 Digital advertising
11.7.2.3 Smart contracts
11.7.2.4 Content security
11.7.2.5 Online gaming
11.7.2.6 Payments
11.7.2.7 Others
11.8 BANKING & FINANCIAL SERVICES
11.8.1 RISING DEMAND FOR DECENTRALIZED BANKING PLATFORMS TO DRIVE MARKET FOR BLOCKCHAIN
11.8.2 BANKING & FINANCIAL SERVICES: BLOCKCHAIN APPLICATIONS
11.8.2.1 Payments, clearing, and settlement
11.8.2.2 Exchanges & remittance
11.8.2.3 Smart contracts
11.8.2.4 Identity management
11.8.2.5 Compliance management/KYC
11.8.2.6 Others
11.9 INSURANCE
11.9.1 RAPID AUTOMATION ACROSS INSURANCE AND RISK MANAGEMENT SERVICES TO DRIVE ADOPTION OF BLOCKCHAIN PLATFORMS
11.9.2 INSURANCE: BLOCKCHAIN APPLICATIONS
11.9.2.1 GRC management
11.9.2.2 Death & claims management
11.9.2.3 Payments
11.9.2.4 Identity management & fraud detection
11.9.2.5 Smart contracts
11.9.2.6 Others
11.1 IT & TELECOM
11.10.1 NEED FOR PROTECTING SENSITIVE TELECOM DATA TO FUEL DEMAND FOR BLOCKCHAIN SOLUTIONS
11.10.2 IT & TELECOM: BLOCKCHAIN APPLICATIONS
11.10.2.1 OSS/BSS processes
11.10.2.2 Identity management
11.10.2.3 Payments
11.10.2.4 Smart contracts
11.10.2.5 Connectivity provisioning
11.10.2.6 Others
11.11 RETAIL & ECOMMERCE
11.11.1 AUTOMATION ACROSS RETAIL CHANNELS FOR CURBING DATA THEFT TO PROPEL GROWTH
11.11.2 RETAIL & ECOMMERCE: BLOCKCHAIN APPLICATIONS
11.11.2.1 Compliance management
11.11.2.2 Identity management
11.11.2.3 Loyalty & rewards management
11.11.2.4 Payments
11.11.2.5 Smart contracts
11.11.2.6 Supply chain management
11.11.2.7 Others
11.12 GOVERNMENT
11.12.1 RISE IN CONCERNS ABOUT IDENTITY THEFT AND BUSINESS FRAUD TO DRIVE SEGMENT GROWTH
11.12.2 GOVERNMENT: BLOCKCHAIN APPLICATIONS
11.12.2.1 Asset registry
11.12.2.2 Identity management
11.12.2.3 Payments
11.12.2.4 Smart contracts
11.12.2.5 Voting
11.13 REAL ESTATE & CONSTRUCTION
11.13.1 TENANCY AGREEMENTS CREATED USING SMART CONTRACTS TO EASE PROCESS OF TRANSACTIONS BETWEEN PARTIES
11.13.2 REAL ESTATE & CONSTRUCTION: BLOCKCHAIN APPLICATIONS
11.13.2.1 Tokenization & asset management
11.13.2.2 Smart contracts
11.13.2.3 Others
11.14 OTHER VERTICALS
12 BLOCKCHAIN MARKET, BY REGION
12.1 INTRODUCTION
12.2 NORTH AMERICA
12.2.1 NORTH AMERICA: BLOCKCHAIN MARKET DRIVERS
12.2.2 NORTH AMERICA: IMPACT OF RECESSION
12.2.3 NORTH AMERICA: REGULATORY LANDSCAPE
12.2.4 US
12.2.4.1 Blockchain technology adopted by US federal government to streamline and modernize processes
12.2.5 CANADA
12.2.5.1 Growth in digital technologies and internet to drive blockchain adoption
12.3 EUROPE
12.3.1 EUROPE: BLOCKCHAIN MARKET DRIVERS
12.3.2 EUROPE: IMPACT OF RECESSION
12.3.3 EUROPE: REGULATORY LANDSCAPE
12.3.4 UK
12.3.4.1 BFSI industry uses blockchain for risk management and secure financial transactions
12.3.5 GERMANY
12.3.5.1 Local communities to pave way for developing blockchain ecosystem
12.3.6 FRANCE
12.3.6.1 Utilization of AI, IoT, and blockchain for industrial revolution and digital transformation
12.3.7 ITALY
12.3.7.1 Italy saw substantial stability in blockchain projects, with rise in investments
12.3.8 REST OF EUROPE
12.4 ASIA PACIFIC
12.4.1 ASIA PACIFIC: BLOCKCHAIN MARKET DRIVERS
12.4.2 ASIA PACIFIC: IMPACT OF RECESSION
12.4.3 ASIA PACIFIC: REGULATORY LANDSCAPE
12.4.4 CHINA
12.4.4.1 Rapid digitalization and need for offering low-cost blockchain solutions to SMEs to drive market
12.4.5 AUSTRALIA & NEW ZEALAND
12.4.5.1 Vibrant tech community and startup ecosystem to foster innovative blockchain projects
12.4.6 SINGAPORE
12.4.6.1 Country’s regulatory environment and robust infrastructure to prove conducive for growth of blockchain market
12.4.7 JAPAN
12.4.7.1 Rapid movement toward supply chain 4.0 to drive blockchain adoption
12.4.8 INDIA
12.4.8.1 Government to embrace blockchain services to enhance transparency and efficiency in operations
12.4.9 REST OF ASIA PACIFIC
12.5 MIDDLE EAST & AFRICA
12.5.1 MIDDLE EAST & AFRICA: BLOCKCHAIN MARKET DRIVERS
12.5.2 MIDDLE EAST & AFRICA: IMPACT OF RECESSION
12.5.3 MIDDLE EAST & AFRICA: REGULATORY LANDSCAPE
12.5.4 GCC COUNTRIES
12.5.4.1 Central and commercial banks and financial service firms to team up with Fintech and blockchain companies
12.5.4.2 KSA
12.5.4.3 UAE
12.5.4.4 Rest of GCC countries
12.5.5 SOUTH AFRICA
12.5.5.1 Need for generating awareness about blockchain technology to promote growth
12.5.6 REST OF MIDDLE EAST & AFRICA
12.6 LATIN AMERICA
12.6.1 LATIN AMERICA: BLOCKCHAIN MARKET DRIVERS
12.6.2 LATIN AMERICA: IMPACT OF RECESSION
12.6.3 LATIN AMERICA: REGULATORY LANDSCAPE
12.6.4 BRAZIL
12.6.4.1 Integration of blockchain technology into digital identity applications, documents, and authenticity/identity verification to boost growth
12.6.5 MEXICO
12.6.5.1 Government agencies to utilize blockchain capabilities
12.6.6 REST OF LATIN AMERICA
13 COMPETITIVE LANDSCAPE
13.1 KEY PLAYER STRATEGIES/RIGHT TO WIN
13.2 BRAND/PRODUCT COMPARISON
13.3 COMPANY VALUATION AND FINANCIAL METRICS
13.4 REVENUE ANALYSIS
13.5 MARKET SHARE ANALYSIS
13.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
13.6.1 STARS
13.6.2 EMERGING LEADERS
13.6.3 PERVASIVE PLAYERS
13.6.4 PARTICIPANTS
13.6.5 COMPANY FOOTPRINT: KEY PLAYERS
13.6.5.1 Company footprint
13.6.5.2 Component footprint
13.6.5.3 Service footprint
13.6.5.4 Vertical footprint
13.6.5.5 Regional footprint
13.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
13.7.1 PROGRESSIVE COMPANIES
13.7.2 RESPONSIVE COMPANIES
13.7.3 DYNAMIC COMPANIES
13.7.4 STARTING BLOCKS
13.7.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES
13.7.5.1 Detailed list of key startups/SMEs
13.7.5.2 Competitive benchmarking of key startups/SMEs
13.8 COMPETITIVE SCENARIO AND TRENDS
13.8.1 PRODUCT LAUNCHES
13.8.2 DEALS
14 COMPANY PROFILES
14.1 KEY PLAYERS
14.1.1 AWS
14.1.1.1 Business overview
14.1.1.2 Products/Solutions/Services offered
14.1.1.3 Recent developments
14.1.1.4 MnM view
14.1.1.4.1 Key strengths
14.1.1.4.2 Strategic choices
14.1.1.4.3 Weaknesses & competitive threats
14.1.2 IBM
14.1.2.1 Business overview
14.1.2.2 Products/Solutions/Services offered
14.1.2.3 MnM view
14.1.2.3.1 Key strengths
14.1.2.3.2 Strategic choices
14.1.2.3.3 Weaknesses & competitive threats
14.1.3 ORACLE
14.1.3.1 Business overview
14.1.3.2 Products/Solutions/Services offered
14.1.3.3 Recent developments
14.1.3.4 MnM view
14.1.3.4.1 Key strengths
14.1.3.4.2 Strategic choices
14.1.3.4.3 Weaknesses & competitive threats
14.1.4 HUAWEI
14.1.4.1 Business overview
14.1.4.2 Products/Solutions/Services offered
14.1.4.3 Recent developments
14.1.4.4 MnM view
14.1.4.4.1 Key strengths
14.1.4.4.2 Strategic choices
14.1.4.4.3 Weaknesses & competitive threats
14.1.5 ACCENTURE
14.1.5.1 Business overview
14.1.5.2 Products/Solutions/Services offered
14.1.5.3 Recent developments
14.1.5.4 MnM view
14.1.5.4.1 Key strengths
14.1.5.4.2 Strategic choices
14.1.5.4.3 Weaknesses & competitive threats
14.1.6 TCS
14.1.6.1 Business overview
14.1.6.2 Products/Solutions/Services offered
14.1.6.3 Recent developments
14.1.7 GOOGLE
14.1.7.1 Business overview
14.1.7.2 Products/Solutions/Services offered
14.1.7.3 Recent developments
14.1.8 ALIBABA
14.1.8.1 Business overview
14.1.8.2 Products/Solutions/Services offered
14.1.9 MICROSOFT
14.1.9.1 Business overview
14.1.9.2 Products/Solutions/Services offered
14.1.10 OVHCLOUD
14.1.10.1 Business overview
14.1.10.2 Products/Solutions/Services offered
14.1.11 SAP
14.1.11.1 Business overview
14.1.11.2 Products/Solutions/Services offered
14.1.12 HPE
14.1.12.1 Business overview
14.1.12.2 Products/Solutions/Services offered
14.1.13 TENCENT
14.1.14 WIPRO
14.1.15 INFOSYS
14.1.16 LUMEN TECHNOLOGIES
14.1.17 DIGITALOCEAN
14.1.18 VMWARE
14.1.19 AKAMAI TECHNOLOGIES
14.2 STARTUPS/SMES
14.2.1 APPLIED BLOCKCHAIN
14.2.2 CONSENSYS
14.2.3 CONTABO
14.2.4 LEEWAYHERTZ
14.2.5 VULTR
14.2.6 CLOUDSIGMA
14.2.7 MEVSPACE
14.2.8 SCALEWAY
15 ADJACENT MARKETS
15.1 INTRODUCTION
15.2 LIMITATIONS
15.3 BLOCKCHAIN SUPPLY CHAIN MARKET
15.3.1 MARKET DEFINITION
15.4 BLOCKCHAIN-AS-A-SERVICE MARKET
15.4.1 MARKET DEFINITION
16 APPENDIX
16.1 DISCUSSION GUIDE
16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.3 CUSTOMIZATION OPTIONS
16.4 RELATED REPORTS
16.5 AUTHOR DETAILS
