+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Blockchain Technology - Global Strategic Business Report

  • PDF Icon

    Report

  • 802 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4070981

Global Blockchain Technology Market to Reach $77 Billion by 2030

The global market for Blockchain Technology estimated at US$2.5 Billion in the year 2022, is projected to reach a revised size of US$77 Billion by 2030, growing at a CAGR of 53.5% over the analysis period 2022-2030. Public, one of the segments analyzed in the report, is projected to record 55.7% CAGR and reach US$57 Billion by the end of the analysis period. Growth in the Private segment is estimated at 47.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $839.5 Million, While China is Forecast to Grow at 62.6% CAGR

The Blockchain Technology market in the U.S. is estimated at US$839.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$9.9 Billion by the year 2030 trailing a CAGR of 62.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 46.6% and 48.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 51.9% CAGR.

Select Competitors (Total 317 Featured)

  • Accenture PLC
  • Amazon Web Services, Inc.
  • Aleo Systems Inc.
  • Altoros
  • 4IRE labs
  • Adbank
  • ANX International
  • APPII
  • Applover Software House
  • ARK Ecosystem, SCIC (ARK.io)
  • Artory
  • AlphaPoint
  • Antier Solutions Pvt Ltd
  • Accubits
  • Andersen Lab

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Blockchain Technology Market

What is the estimated value of the Blockchain Technology Market?

The Blockchain Technology Market was estimated to be valued at $2.5 Billion in 2022.

What is the growth rate of the Blockchain Technology Market?

The growth rate of the Blockchain Technology Market is 53.5%, with an estimated value of $77 Billion by 2030.

What is the forecasted size of the Blockchain Technology Market?

The Blockchain Technology Market is estimated to be worth $77 Billion by 2030.

Who are the key companies in the Blockchain Technology Market?

Key companies in the Blockchain Technology Market include Accenture PLC, Amazon Web Services, Inc., Aleo Systems Inc., Altoros, 4IRE labs, Adbank, ANX International, APPII, Applover Software House and ARK Ecosystem, SCIC (ARK.io).

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Born Out of Bitcoin, Blockchain Technology Emerges to Disrupt the Digital Economy
  • Bitcoins in Circulation Worldwide (In 000s) for Years 2018, 2020 and 2022
  • Top Benefits of Blockchain Technology: % of Businesses Citing a Benefit as a Factor Driving Blockchain Adoption
  • Global Economic Update
  • Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2022
  • War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation in 2022 to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
  • War, Global Inflation, Cost of Living Crisis, Failed Fiscal Policy Attempts to Restore Price Stability & Contain Downside Risks to Result in Sharper-Than-Expected Slowdown in Global Economic Growth: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
  • Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2023
  • Competition
  • Blockchain Technology - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Blockchain: Global Market Prospects & Overview
  • World Brands
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Blockchain Investments & Innovation Continues Unabated Post 2020
  • Top Blockchain Patent Holders Worldwide: Total Number of Blockchain Patent Filings To-Date by Company
  • Blockchain Patent Applications: Breakdown by Country (in %) for 2022
  • Adoption of Blockchain in Supply Chain Management Explodes Into a Major Trend, Post Pandemic Disruptions
  • Blockchain Adoption in Healthcare Reaches Tipping Point. Focus on Telemedicine as a Case-in-Point
  • As Telemedicine Explodes Into a Major Channel for Virtual Healthcare Delivery So Does Blockchain’s Role in Advancing Secure Data Sharing: Global Opportunity for Telemedicine (In US$ Billion) for Years 2021, 2023, 2025 and 2027
  • 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
  • Blockchain Implementation in Pharmaceutical Value Chain: % of Companies Implementing Blockchain Technology by Area
  • Focus on Sustainability Drives Blockchain Adoption in Environmental Governance
  • As Sustainable Investments to Emerge Into an Unstoppable Force in the Coming Decade, Blockchain Technologies Will Rise in Parallel as a Digital Enabler of Sustainable infrastructure Services: Global Investments in Sustainability (In US$ Billion) for Years 2015, 2018, 2020 and 2022
  • Blockchain-as-a Service (BaaS) Rises in Prominence as Companies Begin to Outsource Implementation & Management of Blockchain-based Platforms
  • Blockchain in the Spotlight in the Government & Public Sector for Its Ability to Address Inefficiencies
  • Industries Leverage Blockchain for Scaling Manufacturing Processes & Making Predictive Maintenance More Effective & Accessible
  • Key Factors Driving Manufacturer Investments in Blockchain Technology
  • Growing Spending on Predictive Maintenance Strategies to Benefit Adoption of Blockchain: Global Market for Predictive Maintenance (In US$ Million) for Years 2021, 2023, 2025 and 2027
  • Growing Need for Traceable and Scalable Customer Services to Spur Blockchain Adoption in Retail Industry
  • Blockchain in Retail Market: Breakdown of Revenues by Application (in %) for 2022
  • Growing Market for Smart Agriculture to Boost Adoption of Blockchain
  • Smart Agriculture Opens a Wealth of Opportunity for Blockchain Technology: Global Smart Agriculture Market (In US$ Billion) for the Years 2020, 2022, 2024 & 2026
  • 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 2022, 2024, 2026, 2028 and 2030
  • Smart Contracts Are Among the Most Promising Use Cases of Distributed Ledger Technology
  • The Financial Services Sector: The Most Lucrative Application Area for Blockchain
  • Decentralized Finance (DeFi) to Bridge the Huge SME Financing Gap to Boost Blockchain Adoption: World Formal MSMEs Finance Gap (in $ Billion) by Region
  • Robust Growth Digital Banking Opens Multiple Application Possibilities for Blockchain: Global Market for Digital Banking (In US$ Million) for Years 2023, 2025, and 2027
  • Blockchain & Artificial Intelligence (AI): A Powerful Combination
  • A Promising Growth Outlook for Blockchain Technology in the Energy Sector
  • Blockchain Powered Solutions to Streamline Processes in Logistics, Trucking and Commercial Transportation Industry
  • Ongoing Digitalization Trend in the Logistics Industry Primes the Blockchain Technology for Application Growth: Global Digital Transformation Spending in Logistics (In US$ Million) for Years 2021, 2023, 2025, and 2027
  • Promising Future for Blockchain in Media, Advertising & Entertainment Market
  • The Rise of the Metaverse to Drive Opportunities for the Use of Blockchain
  • It is Increasingly Clear that Metaverse Cannot be Built Without Blockchain Technology: Global Spending on Metaverse (In US$ Million) for Years 2021, 2023, 2025 and 2027
  • Enterprise Uses of Blockchain Technology Finally Begin to Make Gains
  • Maritime Enterprises Turn to Blockchain-based Systems Amidst Trend Favoring Digitization of Supply Chains
  • How Will Blockchain Implementations Impact the Education Sector?
  • Advent of 5G. What Does it Mean for Blockchain?
  • The Future of 5G is Unquestioned: 5G Contribution to GDP in Select Countries by 2030 (In US$ Billion)
  • Swift Progress Towards Autonomous Vehicle Commercialization to Drive the Importance of Blockchain Technology
  • Global Autonomous Vehicle Sales (In Million) for Years 2020, 2025 & 2030
  • Blockchain Challenges: Knowing the Biggest Pain Points is an Important Step on the Road to Success
  • Major Factors Restricting Blockchain Technology Adoption (% of Businesses)
  • Final Thoughts
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Blockchain Technology Market Analysis of Annual Sales in US$ Thousand for Years 2016 through 2030
  • TABLE 2: 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 2022 through 2030 and % CAGR
  • TABLE 3: 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 2021 and % CAGR
  • TABLE 4: World 14-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, 2023 & 2030
  • TABLE 5: 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 2022 through 2030 and % CAGR
  • TABLE 6: 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 2021 and % CAGR
  • TABLE 7: World 14-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, 2023 & 2030
  • TABLE 8: 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 2022 through 2030 and % CAGR
  • TABLE 9: 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 2021 and % CAGR
  • TABLE 10: World 14-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, 2023 & 2030
  • TABLE 11: 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 2022 through 2030 and % CAGR
  • TABLE 12: 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 2021 and % CAGR
  • TABLE 13: World 14-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, 2023 & 2030
  • TABLE 14: 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 2022 through 2030 and % CAGR
  • TABLE 15: 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 2021 and % CAGR
  • TABLE 16: World 14-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, 2023 & 2030
  • TABLE 17: 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 2022 through 2030 and % CAGR
  • TABLE 18: 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 2021 and % CAGR
  • TABLE 19: World 14-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, 2023 & 2030
  • TABLE 20: 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 2022 through 2030 and % CAGR
  • TABLE 21: 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 2021 and % CAGR
  • TABLE 22: World 14-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, 2023 & 2030
  • TABLE 23: 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 2022 through 2030 and % CAGR
  • TABLE 24: 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 2021 and % CAGR
  • TABLE 25: World 14-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, 2023 & 2030
  • TABLE 26: 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 2022 through 2030 and % CAGR
  • TABLE 27: 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 2021 and % CAGR
  • TABLE 28: World 14-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, 2023 & 2030
  • TABLE 29: 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 2022 through 2030 and % CAGR
  • TABLE 30: 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 2021 and % CAGR
  • TABLE 31: World 14-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, 2023 & 2030
  • TABLE 32: 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 2022 through 2030 and % CAGR
  • TABLE 33: 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 2021 and % CAGR
  • TABLE 34: World 14-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, 2023 & 2030
  • TABLE 35: 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 2022 through 2030 and % CAGR
  • TABLE 36: 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 2021 and % CAGR
  • TABLE 37: World 14-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, 2023 & 2030
  • TABLE 38: 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 2022 through 2030 and % CAGR
  • TABLE 39: 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 2021 and % CAGR
  • TABLE 40: World 14-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, 2023 & 2030
  • TABLE 41: 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 2022 through 2030 and % CAGR
  • TABLE 42: 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 2021 and % CAGR
  • TABLE 43: World 14-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, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Blockchain Technology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • Blockchain Technology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Blockchain Technology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • REST OF WORLD
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Accenture PLC
  • Amazon Web Services, Inc.
  • Aleo Systems Inc.
  • Altoros
  • 4IRE labs
  • Adbank
  • ANX International
  • APPII
  • Applover Software House
  • ARK Ecosystem, SCIC (ARK.io)
  • Artory
  • AlphaPoint
  • Antier Solutions Pvt Ltd
  • Accubits
  • Andersen Lab