Blockchain Technology Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2021-2031

The Global Blockchain Technology Market is projected to experience substantial growth, expanding from USD 40.15 Billion in 2025 to USD 407.11 Billion by 2031 at a compound annual growth rate of 47.12%. As a decentralized and distributed ledger system, blockchain technology ensures data security and immutability by recording transactions across a network without the need for a central authority. Key drivers fueling this market expansion include the escalating demand for transparent and tamper-proof record-keeping, the necessity to lower operational costs by eliminating intermediaries in financial processes, and the rising requirement for secure digital identity management. Notably, the World Economic Forum anticipated in 2024 that ten percent of the global gross domestic product would be stored on blockchain technology by 2027.

Despite these strong growth catalysts, the market faces significant hurdles due to regulatory uncertainty and the absence of standardized legal frameworks. Diverse and often conflicting regulations across international jurisdictions create compliance risks that cause enterprises to hesitate in their adoption of decentralized solutions. These regulatory inconsistencies impede the seamless integration of blockchain technology into existing global infrastructure, as organizations must navigate a complex landscape of varying legal requirements before committing to full-scale deployment.

Market Drivers

The widespread adoption of distributed ledger technology within banking and financial services is fundamentally reshaping the market by enabling the tokenization of real-world assets and streamlining settlement processes. Financial institutions are moving beyond pilot phases to the full-scale deployment of digital financial products, utilizing blockchain to enhance liquidity and operational efficiency.

This shift is exemplified by the rapid growth of tokenized government securities, which offer a secure, transparent, and liquid alternative to traditional instruments; according to InvestaX's 'Q3 2025 Real World Asset Tokenization Market Report' from October 2025, the value of tokenized U.S. Treasuries reached $8.7 billion, a 251% year-on-year increase. This momentum reflects a broader corporate trend where major enterprises are integrating blockchain strategies to maintain competitive advantages, with Coinbase reporting in 2025 that nearly one in five Fortune 500 executives view onchain initiatives as a key part of their strategy, a 47% increase from the previous year.

A second critical driver is the heightened focus on digital identity verification and fraud prevention, necessitated by the rising sophistication of cyber threats targeting digital asset ecosystems. As blockchain networks expand, the imperative to implement immutable data management protocols to safeguard user assets and ensure regulatory compliance has intensified. Market participants are prioritizing advanced security solutions to mitigate risks associated with decentralized finance and wallet vulnerabilities, which is essential for institutional confidence. The urgency of these measures is underscored by the financial impact of recent security breaches; according to Chainalysis' '2025 Crypto Crime Report' from January 2025, the total value of stolen funds in the cryptocurrency ecosystem increased by approximately 21% year-over-year to $2.2 billion in 2024, making robust identity verification frameworks mandatory for sustaining trust.

Market Challenges

Regulatory uncertainty and the absence of standardized legal frameworks constitute a formidable barrier to the progression of the Global Blockchain Technology Market. With nations enforcing conflicting rules, enterprises face elevated compliance risks that discourage the deployment of decentralized solutions. This fragmentation forces multinational corporations to navigate a complex web of varying requirements, often necessitating expensive, region-specific modifications to their blockchain architecture. Consequently, businesses delay adoption to avoid potential legal repercussions and financial penalties, effectively stifling the technology's integration into global infrastructure.

The impact of this disjointed regulatory environment is quantifiable and severe. According to the Financial Action Task Force, in 2024, 75% of global jurisdictions were partially or non-compliant with international standards for virtual assets. This lack of alignment creates a high-risk environment that deters institutional investors and prevents the market from stabilizing. Without a cohesive set of international rules, the operational costs associated with legal adherence remain prohibitively high, directly undermining the cost-saving promise of blockchain technology and hampering its widespread commercial acceptance.

Market Trends

The adoption of Layer 2 scaling solutions is fundamentally altering the Global Blockchain Technology Market by resolving persistent mainnet congestion issues. Enterprises are increasingly deploying rollups that execute transactions off-chain to drastically reduce costs while maintaining base-layer security. This infrastructure shift enables high-frequency applications to scale efficiently, driving a massive migration of liquidity into optimized execution environments. This rapid expansion is evident in the substantial accumulation of assets within these networks; according to Binance's 'Half-Year Report 2024' from July 2024, the total value locked in Layer 2 solutions surged by 90% during the first half of the year to reach $43 billion.

Simultaneously, the convergence of blockchain with artificial intelligence is emerging as a critical trend for decentralized computation and content verification. Developers are combining cryptographic protocols with machine learning to ensure data privacy and authenticate human-generated content amidst the rise of generative AI. This synergy facilitates decentralized infrastructure networks where participants monetize computing resources for model training, creating new economic utility. The sector's strategic pivot toward this integration is quantifiable; according to a16z crypto's 'State of Crypto Report 2024' from October 2024, approximately 34% of crypto projects reported utilizing artificial intelligence capabilities, indicating a strong year-over-year increase in cross-sector adoption.

Key Players Profiled in the Blockchain Technology Market

• IBM Corporation
• Accenture PLC
• Wipro Limited
• Amazon.com, Inc.
• Intel Corporation
• Microsoft Corporation
• Tata Consultancy Services
• Deloitte Touche Tohmatsu Limited
• Global Arena Holding Inc.
• Digital Asset Holdings, LLC

Report Scope

In this report, the Global Blockchain Technology Market has been segmented into the following categories:

Blockchain Technology Market, by Type:

• Public
• Private
• Hybrid
• Consortium

Blockchain Technology Market, by Application:

• Digital Identity
• Payments
• Smart Contracts
• Supply Chain Management
• Internet of Things (IoT)
• Others

Blockchain Technology Market, by Industry:

• BFSI
• Energy & Utilities
• Government
• Healthcare and Life Sciences
• Manufacturing
• Telecom
• Media & Entertainment
• Retail & Consumer Goods
• Travel and Transportation
• Others

Blockchain Technology Market, by Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Blockchain Technology Market.

Available Customization

The analyst offers customization according to your specific needs. The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

This product will be delivered within 1-3 business days.