Blockchain Market Size & Share to Rise at Significant CAGR for Forecast Year 2020-2030
Market Overview
Blockchain is a distributed ledger technology that allows numerous participants in a business network to create an immutable record of transactions. There is no third-party control over blockchain. Anyone who can read, write, and hold a copy of it may read, write, and hold a copy of it. This technique protects against dishonest agreements in shared virtual records. Blockchain technology enables peer-to-peer transactions, eliminating the need for a trusted middleman. Its data is fully reliable, up to date, accurate, and readily accessible.
Market Highlights
Blockchain market is expected to project a notable CAGR of 46.59% in 2031
Blockchain market to surpass USD 196.91 billion by 2031 from USD 4.30 billion in 2021 at a CAGR of 46.59% in the coming years, i.e., 2022-31. The entire blockchain market will be driven by the growing desire to simplify corporate operations and the need for supply chain management solutions that are linked with blockchain technology.
Blockchain Market: Segments
segment to grow with the highest CAGR during 2021-31
Blockchain market is segmented by Type into Private, Public, and Hybrid. The Private segment held the largest market share in 2020 and is anticipated to register the highest growth over the forecast period. A private blockchain is a shared database or ledger that uses standard security measures like limited user privileges to keep it safe. A private blockchain's security is often supplied via private keys that are only known by the connected entity. A private blockchain is a type of blockchain in which write permissions are controlled inside a single company. Read rights may also be limited depending on the usefulness of the organization. Businesses have greater chances to leverage blockchain technology for business-to-business use cases with a private blockchain.
SMEs segment to grow with the highest CAGR during 2021-31
Blockchain market is segmented by organization size into Large Enterprises and SMEs. Over the projection period, the SMEs sector is expected to increase at the fastest rate due to the need for streamlining the business processes cost-effectively across SMEs. The majority of SMEs are still testing with blockchain technology; however, due to cheap infrastructure costs and transparency, the adoption rate in the SMEs category is projected to rise significantly in the next years.
Blockchain Market: Key Players
IBM Corporation
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
R3TEK
Oracle Corporation
Linux Foundation
Microsoft Corporation
Tata Consultancy Services Limited
LeewayHertz
Chain, Inc.
JD.com, Inc.
Itransition
Blockchain Market: Regions
Blockchain market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. Blockchain market in North America held the largest market share in the year 2020. In the blockchain market, North America is expected to have the highest market size. The region's early adoption of blockchain technologies, as well as the advent of many blockchain technology providers, will add to the market's total share. Businesses in North America have realized the value of blockchain technology in providing better customer experiences, and they have begun to use it to create business applications.
Segmentation
By component
Platform
Services
By provide
Application Providers
Middleware Providers
Infrastructure Providers
By type
Private
Public
Hybrid
By organization size
Large Enterprises
SMEs
Blockchain Market Dynamics
Blockchain Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Blockchain is a distributed ledger technology that allows numerous participants in a business network to create an immutable record of transactions. There is no third-party control over blockchain. Anyone who can read, write, and hold a copy of it may read, write, and hold a copy of it. This technique protects against dishonest agreements in shared virtual records. Blockchain technology enables peer-to-peer transactions, eliminating the need for a trusted middleman. Its data is fully reliable, up to date, accurate, and readily accessible.
Market Highlights
Blockchain market is expected to project a notable CAGR of 46.59% in 2031
Blockchain market to surpass USD 196.91 billion by 2031 from USD 4.30 billion in 2021 at a CAGR of 46.59% in the coming years, i.e., 2022-31. The entire blockchain market will be driven by the growing desire to simplify corporate operations and the need for supply chain management solutions that are linked with blockchain technology.
Blockchain Market: Segments
segment to grow with the highest CAGR during 2021-31
Blockchain market is segmented by Type into Private, Public, and Hybrid. The Private segment held the largest market share in 2020 and is anticipated to register the highest growth over the forecast period. A private blockchain is a shared database or ledger that uses standard security measures like limited user privileges to keep it safe. A private blockchain's security is often supplied via private keys that are only known by the connected entity. A private blockchain is a type of blockchain in which write permissions are controlled inside a single company. Read rights may also be limited depending on the usefulness of the organization. Businesses have greater chances to leverage blockchain technology for business-to-business use cases with a private blockchain.
SMEs segment to grow with the highest CAGR during 2021-31
Blockchain market is segmented by organization size into Large Enterprises and SMEs. Over the projection period, the SMEs sector is expected to increase at the fastest rate due to the need for streamlining the business processes cost-effectively across SMEs. The majority of SMEs are still testing with blockchain technology; however, due to cheap infrastructure costs and transparency, the adoption rate in the SMEs category is projected to rise significantly in the next years.
Blockchain Market: Key Players
IBM Corporation
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
R3TEK
Oracle Corporation
Linux Foundation
Microsoft Corporation
Tata Consultancy Services Limited
LeewayHertz
Chain, Inc.
JD.com, Inc.
Itransition
Blockchain Market: Regions
Blockchain market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. Blockchain market in North America held the largest market share in the year 2020. In the blockchain market, North America is expected to have the highest market size. The region's early adoption of blockchain technologies, as well as the advent of many blockchain technology providers, will add to the market's total share. Businesses in North America have realized the value of blockchain technology in providing better customer experiences, and they have begun to use it to create business applications.
Segmentation
By component
Platform
Services
By provide
Application Providers
Middleware Providers
Infrastructure Providers
By type
Private
Public
Hybrid
By organization size
Large Enterprises
SMEs
Blockchain Market Dynamics
Blockchain Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
1. EXECUTIVE SUMMARY
2. BLOCKCHAIN MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. BLOCKCHAIN MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. BLOCKCHAIN MARKET
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. BLOCKCHAIN MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Europe: (Germany, UK, France, Italy, Spain, and Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Asia-Pacific: (China, India, Japan, Australia and Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Latin America: (Brazil, Mexico, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Component: Market Share (2020-2030F)
12.2.1. Platform, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Services, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By provide: Market Share (2020-2030F)
12.3.1. Application Providers, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Middleware Providers, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.3. Infrastructure Providers, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4. By Type: Market Share (2020-2030F)
12.4.1. Private, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.2. Public, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.3. Hybrid, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5. By organization size: Market Share (2020-2030F)
12.5.1. Large Enterprises, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5.2. SMEs, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
13. COMPANY PROFILE
13.1. IBM Corporation
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. R3TEK
13.3. Oracle Corporation
13.4. Linux Foundation
13.5. Microsoft Corporation
13.6. Tata Consultancy Services Limited
13.7. LeewayHertz
13.8. Chain, Inc.
13.9. JD.com, Inc.
13.10. Itransition
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
2. BLOCKCHAIN MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. BLOCKCHAIN MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. BLOCKCHAIN MARKET
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. BLOCKCHAIN MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Europe: (Germany, UK, France, Italy, Spain, and Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Asia-Pacific: (China, India, Japan, Australia and Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Latin America: (Brazil, Mexico, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Component: Market Share (2020-2030F)
12.2.1. Platform, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Services, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By provide: Market Share (2020-2030F)
12.3.1. Application Providers, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Middleware Providers, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.3. Infrastructure Providers, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4. By Type: Market Share (2020-2030F)
12.4.1. Private, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.2. Public, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.3. Hybrid, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5. By organization size: Market Share (2020-2030F)
12.5.1. Large Enterprises, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5.2. SMEs, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
13. COMPANY PROFILE
13.1. IBM Corporation
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. R3TEK
13.3. Oracle Corporation
13.4. Linux Foundation
13.5. Microsoft Corporation
13.6. Tata Consultancy Services Limited
13.7. LeewayHertz
13.8. Chain, Inc.
13.9. JD.com, Inc.
13.10. Itransition
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
