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Global Blockchain Market Outlook, 2027

  • ID: 5551003
  • Report
  • February 2022
  • Region: Global
  • 187 Pages
  • Bonafide Research

FEATURED COMPANIES

  • Accenture PLC
  • Amazon Web Services
  • Blockcypher, Inc
  • Blockstream Inc.
  • IBM Corporation
  • Intel Corporation
Blockchain is a distributed ledger with transparency and immutable facility. Recording the transactions and tracking assets are parts of the Blockchain technology process. An asset can be substantial or concrete such as house, car, cash, land etc or intangible such as intellectual property, patents, copyrights, branding etc. Anything of a value can be tracked and traded virtually on Blockchain network, reducing risks and cutting costs. Blockchain business depends on information. The faster it is recorded in the system and more accurate the information is it can be beneficial for Blockchain system. Blockchain is an ideal platform for presenting or delivering the information. Due to being immediate, shared and transparent, Blockchain technology is most effective and efficient distributed ledger. As for the permission Blockchain, only licensed network members can access the information. Besides applying Blockchain for only bitcoin, there are various applications available for Blockchain technology. A Blockchain technology can track orders, payments, accounts, production and much more things. Users are able to visualize all information about transaction end to end which gives them greater confidence, new efficiencies and opportunities. The emergence of Blockchain technology is expected to bring revolution in many aspects of human lives. Through decentralization and removal of intermediaries, Blockchain technology provides world a unique opportunity to take a digital leap.

According to the research report Global Blockchain Market Outlook, 2027, Global Blockchain market is forecasted to have CAGR of 49.24% by 2027. Global Blockchain market is segmented into five major regions which are North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. The Asia-Pacific region is expected to acquire more market share in global Blockchain market. In this region, the Asian Development Bank has announced that it will use Blockchain technology as their essential database to make cross-border securities transactions providing efficient and secure services. Initial investments in Ethereum produced unpredicted returns in Asia-Pacific region. As the public chain technology, it is vastly spreading and expanding the possibilities of Blockchain. Asia-Pacific region has successfully invested into Polkadot, Blockfi and Terra too. From underlying infrastructure Blockchain system to decentralized financial app (DeFi), Blockchain industry has grown into Asia-Pacific region. Blockchain technology is driven by unique investment strategy, comprehensive and long term perspective. IBM Corporation, Amazon Web services, Wipro limited are some of the major players in global Blockchain market.

Blockchain, a distributed ledger technology has the potential to transform a wide range of markets and industries fundamentally. As to enhance the Blockchain technology approach, Global Blockchain Policy Center is exploring the benefits and risks of Blockchain technology. This can be utilized to ensure raising economy globally. By the essential output of Blockchain technology it could be used as a foundational technology in forecast years. Blockchain technology has many unfolding potential for various applications. For instance, banks can use Blockchain database to handle remittances for higher productivity with lower cost. With this facility they can improve the transactions without sacrificing security. Blockchain technology could boost the global economy in upcoming years through raising levels of tracking, tracing and trust. Healthcare, education and public administration sectors are estimated to have higher benefits of Blockchain technology. Even though Blockchain was introduced with the vision of banking sector only, it has started disrupting other industries as well.

The Covid-19 pandemic has affected almost all countries and had a significant effect on daily lives. It has hampered the movement of goods as well as people across the globe. Because of Covid-19 implications, the various levels of regulations assessed by national and local governments throughout the world. The pandemic concerns delayed and disrupted virtually all supply chain networks. However, Pandemic has shown the advancement of Blockchain technology itself. This ‘temporary Slowdown’ should lead the Blockchain industry investors to recover when the pandemic subsidies. As many people are remaining at home during the pandemic, the use of Blockchain as a digital currency is expected to increase. With that Blockchain technology developers are also working to create solutions to track medical supply chains and drug supply chains.

Major Companies present in the market:

IBM Corporation, Amazon Web Services, Sap SE, Intel Corporation, Oracle Corporation, Huawei Technologies Co. LTD, ACCENTURE PLC, WIPRO Limited, Microsoft Corporation, Blockstream Inc., DeloitteTouche Tohmatsu Limited, PayStand Inc., Applied Blockchain Limited.

Considered in this report

  • Geography: Global
  • Historic Year: 2016
  • Base year: 2021
  • Estimated year: 2022
  • Forecast year: 2027

Aspects covered in this report

  • Global Blockchain market with its value and forecast along with its segments
  • Region & country wise Blockchain market analysis
  • Segment wise Blockchain Market
  • Various drivers and challenges
  • On-going trends and developments
  • Top profiled companies
  • Strategic recommendation

Regions & Countries covered in the report

  • North America - United States, Canada, Mexico
  • Europe - Germany, United Kingdom, France, Italy, Spain, Russia
  • Asia-Pacific - China, Japan, India, Australia
  • Latin America - Brazil, Argentina, Columbia
  • Middle-East & Africa - UAE, Saudi Arabia, South Africa

By Types of Blockchain in the report:

  • Public
  • Private
  • Hybrid

By Provider type in the report:

  • Infrastructure
  • Application & Solution
  • Middleware

By Enterprise in the report:

  • Large Enterprise
  • Small & Medium Enterprises

By Application in the report:

  • Banking & Financial Services
  • Government
  • Healthcare
  • Media & Entertainment
  • Retail and Ecommerce
  • Transportation & Logistics
  • Energy and Utilities
  • Others (Insurance, Manufacturing, Travel, It & Telecom, etc.,)

The approach of the report:

This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning. Post this we have started doing primary calls to industry people by equally segmenting in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, Key and innovative vendors related to Blockchain industry. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

FEATURED COMPANIES

  • Accenture PLC
  • Amazon Web Services
  • Blockcypher, Inc
  • Blockstream Inc.
  • IBM Corporation
  • Intel Corporation

1. Executive Summary2. Report Methodology
3. Market Structure
3.1. Market Considerate
3.2. Market Definition
4. Economic/Demographic Snapshot
5. Global Blockchain Market Outlook
5.1. Market Size by Value
5.2. Market Share
5.2.1. By Region
5.2.2. By Country
5.2.3. By Application
5.2.4. By Provider
5.2.5. By Type
5.2.6. By Enterprise
6. North America Blockchain Market Outlook
6.1. Market Size by Value
6.2. Market Share
6.2.1. By Country
6.2.2. By Application
6.2.3. By Provider
6.2.4. By Type
6.2.5. By Enterprise
6.3. US Blockchain Market Outlook
6.3.1. Market Size by Value
6.3.2. Market Share
6.4. Canada Blockchain Market Outlook
6.4.1. Market Size by Value
6.4.2. Market Share
6.5. Mexico Blockchain Market Outlook
6.5.1. Market Size by Value
6.5.2. Market Share
7. Europe Blockchain Market Outlook
7.1. Market Size by Value
7.2. Market Share
7.2.1. By Country
7.2.2. By Application
7.2.3. By Provider
7.2.4. By Type
7.2.5. By Enterprise
7.3. Germany Blockchain Market Outlook
7.3.1. Market Size by Value
7.3.2. Market Share
7.4. UK Blockchain Market Outlook
7.4.1. Market Size by Value
7.4.2. Market Share
7.5. France Blockchain Market Outlook
7.5.1. Market Size by Value
7.5.2. Market Share
7.6. Italy Blockchain Market Outlook
7.6.1. Market Size by Value
7.6.2. Market Share
7.7. Spain Blockchain Market Outlook
7.7.1. Market Size by Value
7.7.2. Market Share
7.8. Russia Blockchain Market Outlook
7.8.1. Market Size by Value
7.8.2. Market Share
8. Asia-Pacific Blockchain Market Outlook
8.1. Market Size by Value
8.2. Market Share
8.2.1. By Country
8.2.2. By Application
8.2.3. By Provider
8.2.4. By Type
8.2.5. By Enterprise
8.3. China Blockchain Market Outlook
8.3.1. Market Size by Value
8.3.2. Market Share
8.4. Japan Blockchain Market Outlook
8.4.1. Market Size by Value
8.4.2. Market Share
8.5. India Blockchain Market Outlook
8.5.1. Market Size by Value
8.5.2. Market Share
8.6. Australia Blockchain Market Outlook
8.6.1. Market Size by Value
8.6.2. Market Share
9. Latin America Blockchain Market Outlook
9.1. Market Size by Value
9.2. Market Share
9.2.1. By Country
9.2.2. By Application
9.2.3. By Provider
9.2.4. By Type
9.2.5. By Enterprise
9.3. Brazil Blockchain Market Outlook
9.3.1. Market Size by Value
9.3.2. Market Share
9.4. Argentina Blockchain Market Outlook
9.4.1. Market Size by Value
9.4.2. Market Share
9.5. Columbia Blockchain Market Outlook
9.5.1. Market Size by Value
9.5.2. Market Share
10. Middle East & Africa Blockchain Market Outlook
10.1. Market Size by Value
10.2. Market Share
10.2.1. By Country
10.2.2. By Application
10.2.3. By Provider
10.2.4. By Type
10.2.5. By Enterprise
10.3. UAE Blockchain Market Outlook
10.3.1. Market Size by Value
10.3.2. Market Share
10.4. Saudi Arabia Blockchain Market Outlook
10.4.1. Market Size by Value
10.4.2. Market Share
10.5. South Africa Blockchain Market Outlook
10.5.1. Market Size by Value
10.5.2. Market Share
11. Market Dynamics
11.1. Key Drivers
11.2. Key Challenges
12. Market Trends and Developments
13. Company Profiles
13.1. IBM Corporation
13.2. Amazon Web Services
13.3. Sap SE
13.4. Intel Corporation
13.5. Oracle Corporation
13.6. Huawei Technologies Co.Ltd
13.7. Accenture PLC
13.8. Wipro Limited
13.9. Microsoft Corporation
13.10. Hewlett-Packard Enterprise
13.11. Blockstream Inc.
13.12. Deloittetouche Tohmatsu Limited
13.13. Paystand Inc.
13.14. Applied Blockchain Limited
13.15. Blockcypher, Inc
14. Strategic Recommendations15. Disclaimer
List of Figures
Figure 1: Global Blockchain Market Size By Value 2016 to 2027F (In USD Billion)
Figure 2: Global Blockchain Market Share By Provider (2016, 2021 & 2027F)
Figure 3: Global Blockchain Market Share By Enterprise (2016, 2021 & 2027F)
Figure 4: North America Blockchain Market Size By Value 2016 to 2027F (In USD Billion)
Figure 5: North America Blockchain Market Share By Provider (2016, 2021 & 2027F)
Figure 6: North America Blockchain Market Share By Enterprise (2016, 2021 & 2027F)
Figure 7: US Blockchain Market Size By Value 2016 to 2027F (In USD Billion)
Figure 8: US Blockchain Market Share By Provider (2016, 2021 & 2027F)
Figure 9: Canada Blockchain Market Size By Value 2016 to 2027F (In USD Billion)
Figure 10: Canada Blockchain Market Share By Provider (2016, 2021 & 2027F)
Figure 11: Mexico Blockchain Market Size By Value 2016 to 2027F (In USD Billion)
Figure 12: Mexico Blockchain Market Share By Provider (2016, 2021 & 2027F)
Figure 13: Europe Blockchain Market Size By Value 2016 to 2027F (In USD Billion)
Figure 14: Europe Blockchain Market Share By Provider (2016, 2021 & 2027F)
Figure 15: Europe Blockchain Market Share By Enterprise (2016, 2021 & 2027F)
Figure 16: Germany Blockchain Market Size By Value 2016 to 2027F (In USD Billion)
Figure 17: Germany Blockchain Market Share By Provider (2016, 2021 & 2027F)
Figure 18: UK Blockchain Market Size By Value 2016 to 2027F (In USD Billion)
Figure 19: UK Blockchain Market Share By Provider (2016, 2021 & 2027F)
Figure 20: France Blockchain Market Size By Value 2016 to 2027F (In USD Billion)
Figure 21: France Blockchain Market Share By Provider (2016, 2021 & 2027F)
Figure 22: Italy Blockchain Market Size By Value 2016 to 2027F (In USD Billion)
Figure 23: Italy Blockchain Market Share By Provider (2016, 2021 & 2027F)
Figure 24: Spain Blockchain Market Size By Value 2016 to 2027F (In USD Billion)
Figure 25: Spain Blockchain Market Share By Provider (2016, 2021 & 2027F)
Figure 26: Russia Blockchain Market Size By Value 2016 to 2027F (In USD Billion)
Figure 27: Russia Blockchain Market Share By Provider (2016, 2021 & 2027F)
Figure 28: Asia-Pacific Blockchain Market Size By Value 2016 to 2027F (In USD Billion)
Figure 29: Asia-Pacific Blockchain Market Share By Provider (2016, 2021 & 2027F)
Figure 30: Asia-Pacific Blockchain Market Share By Enterprise (2016, 2021 & 2027F)
Figure 31: China Blockchain Market Size By Value 2016 to 2027F (In USD Billion)
Figure 32: China Blockchain Market Share By Provider (2016, 2021 & 2027F)
Figure 33: Japan Blockchain Market Size By Value 2016 to 2027F (In USD Billion)
Figure 34: Japan Blockchain Market Share By Provider (2016, 2021 & 2027F)
Figure 35: India Blockchain Market Size By Value 2016 to 2027F (In USD Billion)
Figure 36: India Blockchain Market Share By Provider (2016, 2021 & 2027F)
Figure 37: Australia Blockchain Market Size By Value 2016 to 2027F (In USD Billion)
Figure 38: Australia Blockchain Market Share By Provider (2016, 2021 & 2027F)
Figure 39: Latin America Blockchain Market Size By Value 2016 to 2027F (In USD Billion)
Figure 40: Latin America Blockchain Market Share By Provider (2016, 2021 & 2027F)
Figure 41: Latin America Blockchain Market Share By Enterprise (2016, 2021 & 2027F)
Figure 42: Brazil Blockchain Market Size By Value 2016 to 2027F (In USD Billion)
Figure 43: Brazil Blockchain Market Share By Provider (2016, 2021 & 2027F)
Figure 44: Argentina Blockchain Market Size By Value 2016 to 2027F (In USD Billion)
Figure 45: Argentina Blockchain Market Share By Provider (2016, 2021 & 2027F)
Figure 46: Columbia Blockchain Market Size By Value 2016 to 2027F (In USD Billion)
Figure 47: Columbia Blockchain Market Share By Provider (2016, 2021 & 2027F)
Figure 48: Middle East & Africa Blockchain Market Size By Value 2016 to 2027F (In USD Billion)
Figure 49: Middle East & Africa Blockchain Market Share By Provider (2016, 2021 & 2027F)
Figure 50: Middle East & Africa Blockchain Market Share By Enterprise (2016, 2021 & 2027F)
Figure 51: UAE Blockchain Market Size By Value 2016 to 2027F (In USD Billion)
Figure 52: UAE Blockchain Market Share By Provider (2016, 2021 & 2027F)
Figure 53: Saudi Arabia Blockchain Market Size By Value 2016 to 2027F (In USD Billion)
Figure 54: Saudi Arabia Blockchain Market Share By Provider (2016, 2021 & 2027F)
Figure 55: South Africa Blockchain Market Size By Value 2016 to 2027F (In USD Billion)
Figure 56: South Africa Blockchain Market Share By Provider (2016, 2021 & 2027F)
Figure 57: Market Attractiveness Index, 2021
Figure 58: Market Attractiveness Index, 2027F
List of Tables
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Blockchain Market Share By Region (2016, 2021 & 2027F)
Table 5: Global Blockchain Market Share By Country
Table 6: Global Blockchain Market Share By Application (2016,2021,2027F)
Table 7: Global Blockchain Market Share By Type (2016 - 2021 & 2022E - 2027F)
Table 8: North America Blockchain Market Share By Country (2016, 2021 & 2027F)
Table 9: North America Blockchain Market Share By Application (2016,2021,2027F)
Table 10: North America Blockchain Market Share By Type (2016 - 2021 & 2022E - 2027F)
Table 11: US Blockchain Market Share By Type (2016 - 2021 & 2022E - 2027F)
Table 12: Canada Blockchain Market Share By Type (2016 - 2021 & 2022E - 2027F)
Table 13: Mexico Blockchain Market Share By Type (2016 - 2021 & 2022E - 2027F)
Table 14:Europe Blockchain Market Share By Country (2016, 2021 & 2027F)
Table 15: Europe Blockchain Market Share By Application (2016,2021,2027F)
Table 16: Europe Blockchain Market Share By Type (2016 - 2021 & 2022E - 2027F)
Table 17: Germany Blockchain Market Share By Type (2016 - 2021 & 2022E - 2027F)
Table 18: UK Blockchain Market Share By Type (2016 - 2021 & 2022E - 2027F)
Table 19: France Blockchain Market Share By Type (2016 - 2021 & 2022E - 2027F)
Table 20: Italy Blockchain Market Share By Type (2016 - 2021 & 2022E - 2027F)
Table 21: Spain Blockchain Market Share By Type (2016 - 2021 & 2022E - 2027F)
Table 22: Russia Blockchain Market Share By Type (2016 - 2021 & 2022E - 2027F)
Table 23: Asia-Pacific Blockchain Market Share By Country (2016, 2021 & 2027F)
Table 24: Asia Pacific Blockchain Market Share By Application (2016,2021,2027F)
Table 25: Asia-Pacific Blockchain Market Share By Type (2016 - 2021 & 2022E - 2027F)
Table 26: China Blockchain Market Share By Type (2016 - 2021 & 2022E - 2027F)
Table 27: Japan Blockchain Market Share By Type (2016 - 2021 & 2022E - 2027F)
Table 28: India Blockchain Market Share By Type (2016 - 2021 & 2022E - 2027F)
Table 29: Australia Blockchain Market Share By Type (2016 - 2021 & 2022E - 2027F)
Table 30: Latin America Blockchain Market Share By Country (2016, 2021 & 2027F)
Table 31: Latin America Blockchain Market Share By Application (2016,2021,2027F)
Table 32: Latin America Blockchain Market Share By Type (2016 - 2021 & 2022E - 2027F)
Table 33: Brazil Blockchain Market Share By Type (2016 - 2021 & 2022E - 2027F)
Table 34: Argentina Blockchain Market Share By Type (2016 - 2021 & 2022E - 2027F)
Table 35: Columbia Blockchain Market Share By Type (2016 - 2021 & 2022E - 2027F)
Table 36: Middle East & Africa Blockchain Market Share By Country (2016, 2021 & 2027F)
Table 37: Middle East & Africa Blockchain Market Share By Application (2016,2021,2027F)
Table 38: Middle East & Africa Blockchain Market Share By Type (2016 - 2021 & 2022E - 2027F)
Table 39: UAE Blockchain Market Share By Type (2016 - 2021 & 2022E - 2027F)
Table 40: Saudi Arabia Blockchain Market Share By Type (2016 - 2021 & 2022E - 2027F)
Table 41: South Africa Blockchain Market Share By Type (2016 - 2021 & 2022E - 2027F)
Table 42: Key Facts of IBM Corporation
Table 43: Key Facts of Amazon Web Services
Table 44: Key Facts of Sap SE
Table 45: Key Facts of Intel Corporation
Table 46: Key Facts of Oracle Corporation
Table 47: Key Facts of Huawei Technologies Co.Ltd
Table 48: Key Facts of Accenture PLC
Table 49: Key Facts of Wipro Limited
Table 50: Key Facts of Microsoft Corporation
Table 51: Key Facts of Hewlett-Packard Enterprise
Table 52: Key Facts of Blockstream Inc.
Table 53: Key Facts of Deloittetouche Tohmatsu Limited
Table 54: Key Facts of Paystand Inc.
Table 55: Key Facts of Applied Blockchain Limited
Table 56: Key Facts of Blockcypher, Inc

A selection of companies mentioned in this report includes:

  • IBM Corporation
  • Amazon Web Services
  • Sap SE
  • Intel Corporation
  • Oracle Corporation
  • Huawei Technologies Co.Ltd
  • Accenture PLC
  • Wipro Limited
  • Microsoft Corporation
  • Hewlett-Packard Enterprise
  • Blockstream Inc.
  • Deloittetouche Tohmatsu Limited
  • Paystand Inc.
  • Applied Blockchain Limited
  • Blockcypher, Inc