Blockchain Market worth $96.47 billion by 2030, growing at a CAGR of 33.81% - Exclusive Report by 360iResearch

The "Blockchain Market by Component (Services, Software & Platforms), Provider (Application & Solution Providers, Infrastructure & Protocols Providers, Middleware Providers), Organization Size, Industry, Application - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Blockchain Market to grow from USD 12.55 billion in 2023 to USD 96.47 billion by 2030, at a CAGR of 33.81%.

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Blockchain is a highly secure database shared across a network of computer systems that facilitates the process of recording transactions, tracking assets, and sharing transparent information in a business network. The rising need for secure, transparent, and quick transactions in supply chain management, retail, and financial services is raising the adoption of blockchain technology across the sectors owing to its multi-party, real-time tracking ability of price, date, location, bank guarantees, and letters of credit. Favorable government initiatives and increasing funding for real-time data analysis, enhanced visibility, and proactive maintenance is expanding the scope of blockchain. However, uncertain industry regulations, concerns regarding scalability issues, and a lack of skilled experts have been hampering the growth of blockchain technology. Moreover, investments by various end-user industries and the potential integration of blockchain technology with the Internet of Things (IoT) and artificial intelligence (AI) are expected to provide lucrative opportunities for the blockchain market.

The development of independent and sustainable blockchain development by banks across Europe and the initiative of the European Parliament on crypto-assets tracking is expanding the scope of blockchain across Europe. The government initiatives to implement blockchain technologies in the government and administrative applications in the Middle East have been contributing to the growth of blockchain across the EMEA region. The ongoing initiatives of the U.S. government to develop its own digital currency are expected to create lucrative opportunities for blockchain companies across the Americas to grow. Moreover, the rising investments and initiatives of China, Japan, and India to develop blockchain systems for multiple applications, such as launching next-generation crypto projects and developing security exchange platforms, are fostering the scope for blockchain across the Asia-Pacific.

Market Segmentation & Coverage:

This research report categorizes the Blockchain Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Component, market is studied across Services and Software & Platforms. The Services is further studied across Development & Integration Services, Support & Maintenance, and Technology Advisory & Consulting Services. The Software & Platforms is projected to witness significant market share during forecast period.

Based on Provider, market is studied across Application & Solution Providers, Infrastructure & Protocols Providers, and Middleware Providers. The Application & Solution Providers is projected to witness significant market share during forecast period.

Based on Organization Size, market is studied across Large Enterprises and Small & Medium Enterprises. The Large Enterprises is projected to witness significant market share during forecast period.

Based on Industry, market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Manufacturing, Media & Entertainment, Telecommunication & Information Technology, and Travel & Hospitality. The Building, Construction & Real Estate is projected to witness significant market share during forecast period.

Based on Application, market is studied across Cross-Border Payments and Settlements, Energy Settlements, Identity Management, Lot Lineage/Provenance, Property Ownership Management, Supply Chain Management, and Trade Finance & Post-Trade Settlements. The Identity Management is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Blockchain Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Blockchain Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Blockchain Market, highlighting leading vendors and their innovative profiles. These include Accubits Technologies, Amazon Web Services, Inc., Appinventiv, BigchainDB GmbH, Bitfury Holding B.V., Cegeka NV, Chain by Stellar Development Foundation, Cognizant Technology Solutions Corporation, ConsenSys Software Inc., Digital Asset Holdings, LLC, Goldman Sachs, Hewlett Packard Enterprise Development LP, HIVE Blockchain Technologies Ltd., Huawei Cloud Computing Technologies Co., Ltd., Infosys Limited, Intel Corporation, International Business Machines Corporation, LeewayHertz, Microsoft Corporation, Oracle Corporation, PixelPlex Ltd., RSM US LLP., SAP SE, ScienceSoft USA Corporation, Suffescom Solutions Inc., Syncron Holding AB, TATA Consultancy Services Limited, ThinkSys Inc., TIBCO by Cloud Software Group, Inc., VMware, Inc. by Broadcom Inc., and Wipro Limited.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Blockchain Market, by Component
7. Blockchain Market, by Provider
8. Blockchain Market, by Organization Size
9. Blockchain Market, by Industry
10. Blockchain Market, by Application
11. Americas Blockchain Market
12. Asia-Pacific Blockchain Market
13. Europe, Middle East & Africa Blockchain Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Blockchain Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Blockchain Market?
3. What is the competitive strategic window for opportunities in the Blockchain Market?
4. What are the technology trends and regulatory frameworks in the Blockchain Market?
5. What is the market share of the leading vendors in the Blockchain Market?
6. What modes and strategic moves are considered suitable for entering the Blockchain Market?

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