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Global Blockchain Messaging Apps Market Size, Share & Industry Trends Analysis Report By End-user (Business and Individual), By Application (Message and Payment), By Operating System (Android, iOS, and Others), By Regional Outlook and Forecast, 2022 - 2028

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    Report

  • 166 Pages
  • December 2022
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5723926
The Global Blockchain Messaging Apps Market size is expected to reach $215.7 million by 2028, rising at a market growth of 42.8% CAGR during the forecast period.

A messaging system that leverages blockchain technology to send and send messages is known as a blockchain-based messaging system. Blockchain is a distributed database that enables transactions that are safe, open, and unchangeable. As a result, it provides the perfect messaging system platform since it can offer a great degree of confidentiality and anonymity.



One of the most often used methods for regular contact is messaging applications. There are several blockchain messaging applications available that include Web3 features. Blockchain messaging applications' primary objective is to provide consumers with a dependable, decentralized substitute for popular messengers. Blockchains process data via decentralized networks of nodes. Blockchain-based messenger applications provide consumers with very private and secure communication options. Users that seek privacy and security while sending communications are increasingly using these features.

In terms of network topology, blockchain messaging applications are the direct opposite of centralized messengers. To enhance user communication via blockchain transactions, these applications make use of blockchain technology. Distributed ledger technologies, or blockchains, are fundamentally decentralized network architectures. Blockchain messaging applications employ several independent network nodes rather than a single centralized system to handle the traffic.

Data security is one of the key advantages of adopting a blockchain-based messaging system. Messages are far less prone to breaches and hackers when they are kept on a decentralized network. It is considerably more difficult for unauthorized persons to view the messages since each one is encrypted and accessible only with the right key.

COVID-19 Impact Analysis

More than 42 million individuals have been impacted by the COVID-19 pandemic, which has significantly disrupted the worldwide environment. Transmission must be kept to a minimum as the sole defense. Digital contact tracing is a useful method that may be used for this goal since it does away with the need for manual contact tracing and can assist in identifying and isolating afflicted individuals. Due to the strict lockdown laws that caused people to spend more time online networking, the COVID-19 pandemic had a beneficial effect on the market. During the projected period, the market expansion is anticipated to be boosted by the spike in collaborations and the introduction of decentralized social networking platforms based on blockchain technology.

Market Growth Factors

Centralized messaging applications lack user privacy features

Some of the most widely used centralized communication tools on the market are messenger apps such as WhatsApp and Facebook Messenger. There are several centralized messengers, and they are all organized similarly. These messengers are owned by private firms, who also have complete operational control over the applications. The businesses are in charge of handling user communications and data storage. While some centralized messengers assert that they don't keep messages on file, others make it quite plain that they do.

The benefit of such applications' decentralized nature

Modern messaging applications are centralized, which opens up a wide range of possible technological problems. Data demonstrates that network issues and frequent breakdowns are commonplace in applications such as WhatsApp and Facebook Messenger. The enormous, centralized operating system is the primary cause of catastrophic accidents. It's challenging to maintain the seamless operation of a centralized system with hundreds of millions of users. For instance, a modest app update often throws a centralized messaging system into disarray. Because a centralized data processing system manages the update procedure, the whole network must concurrently update its mechanism.

Market Restraining Factors

Decentralized nature leads to complexity

Blockchain messengers still have a fair amount of unavoidable problems, despite the fact that they have the potential to reduce many of the privacy concerns faced by their centralized counterparts. Although a decentralized messenger might perhaps protect peoples' privacy, blockchain technology itself could prevent widespread use. The risk of data breaches is perhaps the largest disadvantage of employing a blockchain-based messaging system. The fact that communications are kept on a decentralized network makes it difficult to identify the source of a leak or breach.

End-user Outlook

Based on end-user, the blockchain messaging apps market is segmented into individual and business. In 2021, the business sector showcased the major revenue share in the market. The advantages of blockchain messaging applications, such as their usability and decentralized communication, which enable high-privacy corporate communication, are credited with the segment's rise.



Application Outlook

Based on application, the blockchain messaging app market is divided into message and payment. The payment segment accounted for the significant revenue share in the market. During the projected period, the segment's growth is predicted to be driven by the rising global popularity of cryptocurrencies. Users feel confident using these apps for payments and storing sensitive data on them since they are thought to be more secure than centralized applications.

Operating system Outlook

Based on the operating system, the blockchain messaging apps market into categories for iOS, Android, and other operating systems. In 2021, the android segment led the market with the highest revenue share. The dominance of Android as the most popular mobile operating system globally is credited with the segment's expansion.

Regional Outlook

Based on region, the blockchain messaging apps market is categorized into North America, Europe, Asia Pacific, and LAMEA. In 2021, North America led the market and generated highest revenue share. Major market companies' presence is credited with the region's development. Additionally, the legalization of cryptocurrencies and the widespread use of blockchain technology in the area augur well for the expansion of the sector. During the projected period, the market is anticipated to increase regionally as a result of the market participants' rising introduction of applications and collaborations with tech firms.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Crypviser GmbH, Beepo, Inc. (Probe CX), CryptoDATA, Radical App LLC (Cyber Dust), Status Research & Development GmbH, Sappchat and ySign.

Scope of the Study

By End-user

  • Business
  • Individual

By Application

  • Message
  • Payment

By Operating System

  • Android
  • iOS
  • Others

By Geography

  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Crypviser GmbH
  • Beepo, Inc. (Probe CX)
  • CryptoDATA
  • Radical App LLC (Cyber Dust)
  • Status Research & Development GmbH
  • Sappchat
  • ySign

Unique Offerings

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Blockchain Messaging Apps Market, by End User
1.4.2 Global Blockchain Messaging Apps Market, by Application
1.4.3 Global Blockchain Messaging Apps Market, by Operating System
1.4.4 Global Blockchain Messaging Apps Market, by Geography
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Global Blockchain Messaging Apps Market by End-user
3.1 Global Business Market by Region
3.2 Global Individual Market by Region

Chapter 4. Global Blockchain Messaging Apps Market by Application
4.1 Global Message Market by Region
4.2 Global Payment Market by Region

Chapter 5. Global Blockchain Messaging Apps Market by Operating System
5.1 Global Android Market by Region
5.2 Global iOS Market by Region
5.3 Global Others Market by Region

Chapter 6. Global Blockchain Messaging Apps Market by Region
6.1 North America Blockchain Messaging Apps Market
6.1.1 North America Blockchain Messaging Apps Market by End-user
6.1.1.1 North America Business Market by Country
6.1.1.2 North America Individual Market by Country
6.1.2 North America Blockchain Messaging Apps Market by Application
6.1.2.1 North America Message Market by Country
6.1.2.2 North America Payment Market by Country
6.1.3 North America Blockchain Messaging Apps Market by Operating System
6.1.3.1 North America Android Market by Country
6.1.3.2 North America iOS Market by Country
6.1.3.3 North America Others Market by Country
6.1.4 North America Blockchain Messaging Apps Market by Country
6.1.4.1 US Blockchain Messaging Apps Market
6.1.4.1.1 US Blockchain Messaging Apps Market by End-user
6.1.4.1.2 US Blockchain Messaging Apps Market by Application
6.1.4.1.3 US Blockchain Messaging Apps Market by Operating System
6.1.4.2 Canada Blockchain Messaging Apps Market
6.1.4.2.1 Canada Blockchain Messaging Apps Market by End-user
6.1.4.2.2 Canada Blockchain Messaging Apps Market by Application
6.1.4.2.3 Canada Blockchain Messaging Apps Market by Operating System
6.1.4.3 Mexico Blockchain Messaging Apps Market
6.1.4.3.1 Mexico Blockchain Messaging Apps Market by End-user
6.1.4.3.2 Mexico Blockchain Messaging Apps Market by Application
6.1.4.3.3 Mexico Blockchain Messaging Apps Market by Operating System
6.1.4.4 Rest of North America Blockchain Messaging Apps Market
6.1.4.4.1 Rest of North America Blockchain Messaging Apps Market by End-user
6.1.4.4.2 Rest of North America Blockchain Messaging Apps Market by Application
6.1.4.4.3 Rest of North America Blockchain Messaging Apps Market by Operating System
6.2 Europe Blockchain Messaging Apps Market
6.2.1 Europe Blockchain Messaging Apps Market by End-user
6.2.1.1 Europe Business Market by Country
6.2.1.2 Europe Individual Market by Country
6.2.2 Europe Blockchain Messaging Apps Market by Application
6.2.2.1 Europe Message Market by Country
6.2.2.2 Europe Payment Market by Country
6.2.3 Europe Blockchain Messaging Apps Market by Operating System
6.2.3.1 Europe Android Market by Country
6.2.3.2 Europe iOS Market by Country
6.2.3.3 Europe Others Market by Country
6.2.4 Europe Blockchain Messaging Apps Market by Country
6.2.4.1 Germany Blockchain Messaging Apps Market
6.2.4.1.1 Germany Blockchain Messaging Apps Market by End-user
6.2.4.1.2 Germany Blockchain Messaging Apps Market by Application
6.2.4.1.3 Germany Blockchain Messaging Apps Market by Operating System
6.2.4.2 UK Blockchain Messaging Apps Market
6.2.4.2.1 UK Blockchain Messaging Apps Market by End-user
6.2.4.2.2 UK Blockchain Messaging Apps Market by Application
6.2.4.2.3 UK Blockchain Messaging Apps Market by Operating System
6.2.4.3 France Blockchain Messaging Apps Market
6.2.4.3.1 France Blockchain Messaging Apps Market by End-user
6.2.4.3.2 France Blockchain Messaging Apps Market by Application
6.2.4.3.3 France Blockchain Messaging Apps Market by Operating System
6.2.4.4 Russia Blockchain Messaging Apps Market
6.2.4.4.1 Russia Blockchain Messaging Apps Market by End-user
6.2.4.4.2 Russia Blockchain Messaging Apps Market by Application
6.2.4.4.3 Russia Blockchain Messaging Apps Market by Operating System
6.2.4.5 Spain Blockchain Messaging Apps Market
6.2.4.5.1 Spain Blockchain Messaging Apps Market by End-user
6.2.4.5.2 Spain Blockchain Messaging Apps Market by Application
6.2.4.5.3 Spain Blockchain Messaging Apps Market by Operating System
6.2.4.6 Italy Blockchain Messaging Apps Market
6.2.4.6.1 Italy Blockchain Messaging Apps Market by End-user
6.2.4.6.2 Italy Blockchain Messaging Apps Market by Application
6.2.4.6.3 Italy Blockchain Messaging Apps Market by Operating System
6.2.4.7 Rest of Europe Blockchain Messaging Apps Market
6.2.4.7.1 Rest of Europe Blockchain Messaging Apps Market by End-user
6.2.4.7.2 Rest of Europe Blockchain Messaging Apps Market by Application
6.2.4.7.3 Rest of Europe Blockchain Messaging Apps Market by Operating System
6.3 Asia Pacific Blockchain Messaging Apps Market
6.3.1 Asia Pacific Blockchain Messaging Apps Market by End-user
6.3.1.1 Asia Pacific Business Market by Country
6.3.1.2 Asia Pacific Individual Market by Country
6.3.2 Asia Pacific Blockchain Messaging Apps Market by Application
6.3.2.1 Asia Pacific Message Market by Country
6.3.2.2 Asia Pacific Payment Market by Country
6.3.3 Asia Pacific Blockchain Messaging Apps Market by Operating System
6.3.3.1 Asia Pacific Android Market by Country
6.3.3.2 Asia Pacific iOS Market by Country
6.3.3.3 Asia Pacific Others Market by Country
6.3.4 Asia Pacific Blockchain Messaging Apps Market by Country
6.3.4.1 China Blockchain Messaging Apps Market
6.3.4.1.1 China Blockchain Messaging Apps Market by End-user
6.3.4.1.2 China Blockchain Messaging Apps Market by Application
6.3.4.1.3 China Blockchain Messaging Apps Market by Operating System
6.3.4.2 Japan Blockchain Messaging Apps Market
6.3.4.2.1 Japan Blockchain Messaging Apps Market by End-user
6.3.4.2.2 Japan Blockchain Messaging Apps Market by Application
6.3.4.2.3 Japan Blockchain Messaging Apps Market by Operating System
6.3.4.3 India Blockchain Messaging Apps Market
6.3.4.3.1 India Blockchain Messaging Apps Market by End-user
6.3.4.3.2 India Blockchain Messaging Apps Market by Application
6.3.4.3.3 India Blockchain Messaging Apps Market by Operating System
6.3.4.4 South Korea Blockchain Messaging Apps Market
6.3.4.4.1 South Korea Blockchain Messaging Apps Market by End-user
6.3.4.4.2 South Korea Blockchain Messaging Apps Market by Application
6.3.4.4.3 South Korea Blockchain Messaging Apps Market by Operating System
6.3.4.5 Singapore Blockchain Messaging Apps Market
6.3.4.5.1 Singapore Blockchain Messaging Apps Market by End-user
6.3.4.5.2 Singapore Blockchain Messaging Apps Market by Application
6.3.4.5.3 Singapore Blockchain Messaging Apps Market by Operating System
6.3.4.6 Malaysia Blockchain Messaging Apps Market
6.3.4.6.1 Malaysia Blockchain Messaging Apps Market by End-user
6.3.4.6.2 Malaysia Blockchain Messaging Apps Market by Application
6.3.4.6.3 Malaysia Blockchain Messaging Apps Market by Operating System
6.3.4.7 Rest of Asia Pacific Blockchain Messaging Apps Market
6.3.4.7.1 Rest of Asia Pacific Blockchain Messaging Apps Market by End-user
6.3.4.7.2 Rest of Asia Pacific Blockchain Messaging Apps Market by Application
6.3.4.7.3 Rest of Asia Pacific Blockchain Messaging Apps Market by Operating System
6.4 LAMEA Blockchain Messaging Apps Market
6.4.1 LAMEA Blockchain Messaging Apps Market by End-user
6.4.1.1 LAMEA Business Market by Country
6.4.1.2 LAMEA Individual Market by Country
6.4.2 LAMEA Blockchain Messaging Apps Market by Application
6.4.2.1 LAMEA Message Market by Country
6.4.2.2 LAMEA Payment Market by Country
6.4.3 LAMEA Blockchain Messaging Apps Market by Operating System
6.4.3.1 LAMEA Android Market by Country
6.4.3.2 LAMEA iOS Market by Country
6.4.3.3 LAMEA Others Market by Country
6.4.4 LAMEA Blockchain Messaging Apps Market by Country
6.4.4.1 Brazil Blockchain Messaging Apps Market
6.4.4.1.1 Brazil Blockchain Messaging Apps Market by End-user
6.4.4.1.2 Brazil Blockchain Messaging Apps Market by Application
6.4.4.1.3 Brazil Blockchain Messaging Apps Market by Operating System
6.4.4.2 Argentina Blockchain Messaging Apps Market
6.4.4.2.1 Argentina Blockchain Messaging Apps Market by End-user
6.4.4.2.2 Argentina Blockchain Messaging Apps Market by Application
6.4.4.2.3 Argentina Blockchain Messaging Apps Market by Operating System
6.4.4.3 UAE Blockchain Messaging Apps Market
6.4.4.3.1 UAE Blockchain Messaging Apps Market by End-user
6.4.4.3.2 UAE Blockchain Messaging Apps Market by Application
6.4.4.3.3 UAE Blockchain Messaging Apps Market by Operating System
6.4.4.4 Saudi Arabia Blockchain Messaging Apps Market
6.4.4.4.1 Saudi Arabia Blockchain Messaging Apps Market by End-user
6.4.4.4.2 Saudi Arabia Blockchain Messaging Apps Market by Application
6.4.4.4.3 Saudi Arabia Blockchain Messaging Apps Market by Operating System
6.4.4.5 South Africa Blockchain Messaging Apps Market
6.4.4.5.1 South Africa Blockchain Messaging Apps Market by End-user
6.4.4.5.2 South Africa Blockchain Messaging Apps Market by Application
6.4.4.5.3 South Africa Blockchain Messaging Apps Market by Operating System
6.4.4.6 Nigeria Blockchain Messaging Apps Market
6.4.4.6.1 Nigeria Blockchain Messaging Apps Market by End-user
6.4.4.6.2 Nigeria Blockchain Messaging Apps Market by Application
6.4.4.6.3 Nigeria Blockchain Messaging Apps Market by Operating System
6.4.4.7 Rest of LAMEA Blockchain Messaging Apps Market
6.4.4.7.1 Rest of LAMEA Blockchain Messaging Apps Market by End-user
6.4.4.7.2 Rest of LAMEA Blockchain Messaging Apps Market by Application
6.4.4.7.3 Rest of LAMEA Blockchain Messaging Apps Market by Operating System

Chapter 7. Company Profiles
7.1 Crypviser GmbH
7.1.1 Company Overview
7.2 Beepo, Inc. (Probe CX)
7.2.1 Company Overview
7.3 CryptoDATA
7.3.1 Company Overview
7.4 Radical App LLC (Cyber Dust)
7.4.1 Company Overview
7.5 Status Research & Development GmbH
7.5.1 Company Overview
7.6 Sappchat
7.6.1 Company Overview
7.7 ySign
7.7.1 Company Overview

Companies Mentioned

  • Crypviser GmbH
  • Beepo, Inc. (Probe CX)
  • CryptoDATA
  • Radical App LLC (Cyber Dust)
  • Status Research & Development GmbH
  • Sappchat
  • ySign

Methodology

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