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Blockchain Technology - Global Market Trajectory & Analytics

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    Report

  • 579 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4070981

Global Blockchain Technology Market to Reach $30.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Blockchain Technology estimated at US$2.5 Billion in the year 2020, is projected to reach a revised size of US$30.7 Billion by 2027, growing at a CAGR of 43% over the period 2020-2027. Public, one of the segments analyzed in the report, is projected to record a 44.8% CAGR and reach US$21.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Private segment is readjusted to a revised 40.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $796.2 Million, While China is Forecast to Grow at 50.2% CAGR

The Blockchain Technology market in the U.S. is estimated at US$796.2 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3.4 Billion by the year 2027 trailing a CAGR of 50.2% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 37.8% and 39.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 41.6% CAGR.

Hybrid Segment to Record 38% CAGR

In the global Hybrid segment, USA, Canada, Japan, China and Europe will drive the 38% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$212.6 Million in the year 2020 will reach a projected size of US$1.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 251 Featured)

  • AlphaPoint Corporation
  • Blockchain Global
  • Blockchain Tech Ltd
  • BlockCypher, Inc.
  • Bloq
  • Chain, Inc.
  • Coinfirm Ltd.
  • Consensus Systems Technologies Corporation
  • Credits
  • Digital Asset Holdings, LLC
  • IBM
  • LUKKA, INC.
  • Microsoft Corporation
  • Monax Industries
  • Nasdaq
  • Ping Identity Corporation
  • The Bitfury Group
  • The Linux Foundation

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to a digital archives and Research Platform
  • Complimentary updates for one year
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Frequently Asked Questions about the Global Market for Blockchain Technology

What is the estimated value of the Global Market for Blockchain Technology?

The Global Market for Blockchain Technology was estimated to be valued at $2.5 Billion in 2020.

What is the growth rate of the Global Market for Blockchain Technology?

The growth rate of the Global Market for Blockchain Technology is 43.1%, with an estimated value of $30.7 Billion by 2027.

What is the forecasted size of the Global Market for Blockchain Technology?

The Global Market for Blockchain Technology is estimated to be worth $30.7 Billion by 2027.

Who are the key companies in the Global Market for Blockchain Technology?

Key companies in the Global Market for Blockchain Technology include AlphaPoint Corporation, Blockchain Global, Blockchain Tech Ltd, BlockCypher, Inc., Bloq, Chain, Inc., Coinfirm Ltd., Consensus Systems Technologies Corporation and Digital Asset Holdings, LLC.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Blockchain Technology - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Born Out of Bitcoin, Blockchain Technology Emerges to Disrupt the Digital Economy
  • The History of Bitcoin, Its Evolution, Its Short-lived Ascend To Boom & Its Downfall
  • The Insider Truth About Bitcoins Shows Why This Cryptocurrency is Dying: Bitcoins in Circulation in the Global Market (In 000s) for the Year 2020
  • Blockchain Technology Rises from the Ashes of Bitcoin
  • So What Are the Many Benefits of Blockchain That Double Up as Drivers of Adoption?
  • How the COVID-19 Pandemic Destroyed the Global Economy
  • COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • Spending On Blockchain Technology Slumps by -6.9% in Fiscal Year 2020
  • A Quick Post-COVID-19 Recovery Expected in 2021
  • Despite the Current Slack in Demand, Blockchain Technology Joins in the Fight Against COVID-19
  • Recent Market Activity
  • Innovations
  • World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • A Review of Market Outlook Expected In the Post COVID-19 Period
  • COVID-19 Triggers Unprecedented Disruptions in the Supply Chain & Accelerates the Urgency to Rethink Supply Chain Management
  • Unprecedented Losses Sustained in the Supply Chain Bodes Well for Integration of Emerging Technologies like Blockchain to Enhance Resilience & Reliability: Global Losses in Supply Chain as a % of Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA) in the Year 2020
  • Here's How The Role of Blockchain Becomes Bigger in Post COVID-19 Management of Supply Chains
  • COVID-19 to Emerges as the Push Factor for Adoption of Blockchain in Healthcare
  • Here's How the Pandemic Is Accelerating Digitalization of Healthcare
  • Accelerated by COVID-19, the Digitalization of Healthcare System Offers Robust Opportunities for Blockchain Deployment: Global Digital Health Market (In US$ Million) for Years 2020, 2022, 2024, 2027
  • Rise of Telemedicine During COVID-19 Times Brings Blockchain Into the Spotlight to Protect Telemedicine Programs
  • As Telemedicine Explodes Into a Major Channel for Virtual Healthcare Delivery So Does Blockchain's Role in Advancing Secure Data Sharing: Telehealth Visits in the U.S (In Million) for the Year 2020
  • Other Ways in Which Blockchain Can Revolutionize the Healthcare System in the Post COVID-19 Period
  • Storming Into the Spotlight Is the Use of Blockchain in Fighting Counterfeiting of Drugs & Managing Clinical Trials
  • Rising Incidence of Counterfeiting in the Pharmaceutical Industry Pushes Up the Urgency to Leverage the Security Benefits Promised by Blockchain: Global Number of Pharmaceutical Counterfeiting Incidents for Years 2000, 2005, 2010, 2015, 2019 & 2022
  • Post COVID-19 Focus on Sustainability to Drive Blockchain Adoption in Environmental Governance
  • Here's Why the Environment & Sustainability Will be Top Priorities After the Pandemic
  • How Blockchain Can Help Address the Sustainability Challenge?
  • Inefficiencies of Public Sector & Government Agencies Can Now Finally Be Addressed Using Blockchain
  • Blockchain-Enabled E-Voting Could Very Well be the Future of Organizational & National Voting
  • A Growing Market for Smart Agriculture to Boost Adoption of Blockchain
  • Smart Agriculture Becomes a US$12 Billion Global Market
  • Smart Agriculture Opens a Wealth of Opportunity for Blockchain Technology: Global Smart Agriculture Market (In US$ Billion) for the Years 2020, 2022, 2024 & 2026
  • Blockchain's Role in Smart Agriculture Demystified
  • Growing IoT Ecosystems Systems to Power Blockchain Implementations
  • The Missing Link Between Security and IoT is Blockchain: Global M2M/IoT Connections (In Billion) for Years 2019, 2021, 2023
  • Smart Contracts Are Among the Most Promising Use Cases of Distributed Ledger Technology
  • Financial Services Sector: The Most Lucrative Application Area for Blockchain
  • Blockchain to Improve Transparency, Security, Immutability & Accessibility of Financial Systems & Processes
  • Blockchain Can Help in Financial Inclusion of the Unbanked
  • Global Push for Financial Inclusion Amidst the Still High Numbers of Unbanked People to Benefit Deployment of Blockchain to Remedy the Situation: Unbanked Population as a % of Total Population by Region for the Year 2020
  • Online Banking Fraud Could Become History With Blockchain
  • Mind Bending Losses Accruing Due to Online Banking Fraud Pushes Up the Urgency to Explore the Unrivalled Security Benefits Offered by Blockchain: Cumulative Global Online Fraud (In US$ Billion) Between 2020 to 2024 by Region
  • Blockchain-based Payments Processing: An Active Area of Interest for Banks
  • Huge Potential for Blockchain Technology in the Pharmaceutical Industry
  • Blockchain & Artificial Intelligence (AI): A Powerful Combination
  • How the Travel Industry Is Benefiting from Blockchain & AI Combo
  • A Promising Growth Outlook for Blockchain Technology in the Energy Sector
  • Blockchain Powered Solutions to Streamline Processes in Logistics, Trucking and Commercial Transportation Industry
  • Promising Future for Blockchain in Media, Advertising & Entertainment Market
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Blockchain Technology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Blockchain Technology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 3: World 11-Year Perspective for Blockchain Technology by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2016, 2021 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for Public by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Public by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 6: World 11-Year Perspective for Public by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Private by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Private by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 9: World 11-Year Perspective for Private by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • Table 10: World Recent Past, Current & Future Analysis for Hybrid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for Hybrid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 12: World 11-Year Perspective for Hybrid by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • Table 13: World Recent Past, Current & Future Analysis for Infrastructure & Protocols by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 14: World Historic Review for Infrastructure & Protocols by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 15: World 11-Year Perspective for Infrastructure & Protocols by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • Table 16: World Recent Past, Current & Future Analysis for Application & Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 17: World Historic Review for Application & Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 18: World 11-Year Perspective for Application & Solutions by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • Table 19: World Recent Past, Current & Future Analysis for Middleware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 20: World Historic Review for Middleware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 21: World 11-Year Perspective for Middleware by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • Table 22: World Recent Past, Current & Future Analysis for Financial Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 23: World Historic Review for Financial Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 24: World 11-Year Perspective for Financial Services by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • Table 25: World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 26: World Historic Review for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 27: World 11-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • Table 28: World Recent Past, Current & Future Analysis for Transportation & Logistics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 29: World Historic Review for Transportation & Logistics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 30: World 11-Year Perspective for Transportation & Logistics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • Table 31: World Recent Past, Current & Future Analysis for Government by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 32: World Historic Review for Government by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 33: World 11-Year Perspective for Government by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • Table 34: World Recent Past, Current & Future Analysis for Retail by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 35: World Historic Review for Retail by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 36: World 11-Year Perspective for Retail by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • Table 37: World Recent Past, Current & Future Analysis for Media & Entertainment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 38: World Historic Review for Media & Entertainment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 39: World 11-Year Perspective for Media & Entertainment by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • Table 40: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 41: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 42: World 11-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Blockchain Technology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
CANADA
JAPAN
  • Blockchain Technology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Blockchain Technology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • Blockchain Technology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • Blockchain Technology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Blockchain Technology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Blockchain Technology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
REST OF EUROPE
ASIA-PACIFIC
  • Blockchain Technology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
REST OF WORLD
IV. COMPETITION
  • Total Companies Profiled: 251

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AlphaPoint Corporation
  • Blockchain Global
  • Blockchain Tech Ltd
  • BlockCypher, Inc.
  • Bloq
  • Chain, Inc.
  • Coinfirm Ltd.
  • Consensus Systems Technologies Corporation
  • Credits
  • Digital Asset Holdings, LLC
  • IBM
  • LUKKA, INC.
  • Microsoft Corporation
  • Monax Industries
  • Nasdaq
  • Ping Identity Corporation
  • The Bitfury Group
  • The Linux Foundation