Blockchain Market Size, Share & Regional Forecasts to 2028

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Blockchain Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solutions and Services), Application (Payments, Exchanges, Smart Contracts, Documentation, Digital Identity, Governance, Risk and Compliance, and Others), and Industry Vertical (BFSI, Retail, Government, Transportation and Logistics, Healthcare, Automotive, Media and Entertainment, and Others)

Publication Month: Jan 2022 | Report Code: TIPTE100002172 | No. of Pages: 189 | Category: Technology, Media and Telecommunications | Status: Published

The blockchain market is expected to grow from US$ 4,935.0 million in 2021 to US$ 227,996.6 million by 2028; it is estimated to grow at a CAGR of 72.9% from 2021 to 2028.

Blockchain technology and its applications in the banking, financial services, and insurance (BFSI) sector have attracted a lot of attention in the past few years, majorly due to its ability to transform existing industries' foundations and business models. Presently, apart from cryptocurrency applications, the other major practical applications of Blockchain are still in the banking and financial sector; however, various companies and institutions are now rapidly developing Blockchain-based solutions to solve complex business problems. In general terms, Blockchain is a subset of a broader distributed ledger technology (DLT), and it combines three significant concepts – cryptography, smart contracts, and distributed ledger design. Distributed ledger technology (DLT) is a fast-emerging approach that records and shares data across various data stores/ledgers. DLT facilitates the recording, sharing, and synchronization of transactions and data across a distributed network of different network participants.

The global Blockchain market is anticipated to exhibit very high growth in the near future. Major driving factors contributing to the market growth include extensive adoption of Blockchain solutions in the BFSI sector; advantages such as higher transparency, higher operational efficiency, and substantial cost savings; and an increase in the number of innovative startups. During the forecast period, trends such as rising government support and initiatives and a combination of Blockchain and artificial intelligence for advanced applications are expected to provide exciting opportunities for the players operating in the Blockchain market.

Strategic Insights


Impact of COVID-19 Pandemic on Blockchain Market

While the COVID-19 pandemic has posed significant issues for organizations worldwide, the Blockchain market has grown steadily during the crisis. Most crucially, throughout the epidemic, healthcare workers have moved to use chats, emails, phones, and video conversations to treat patients remotely, preventing the virus from spreading. The use of penetration testing tools for safe online transactions and conversational data increased due to this. The adoption of the Blockchain market by various firms to give optimal security during a chaotic environment is also a crucial element driving the Blockchain market vertical. The COVID-19 pandemic has impacted all aspects of society, including individuals and corporations. The internet ecosystem has become increasingly important globally. The reliance on online enterprises has expanded dramatically due to the COVID-19 outbreak. The internet is being used by BFSI, healthcare and life sciences, manufacturing, retail, transportation and logistics, and other industries to provide critical services to consumers. The demand for a Blockchain has surged among vendors. Various governments and regulatory agencies have forced both public and private organizations to accept new techniques of teleworking and preserving social distance in the wake of the COVID-19 pandemic. Since then, digital business practices and the use of emails on home servers have become the new business continuity plan (BCP) for a variety of enterprises.

Lucrative Regions for Blockchain Market

Lucrative Regions for Blockchain Market

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Blockchain Market Insights

All the major industries worldwide, including BFSI, retail, logistics & transportation, healthcare, automotive, media & entertainment, and government, are embracing and investing in disruptive technologies such as Blockchain, artificial intelligence, Internet of Things (IoT), big data, and predictive analytics. The rising adoption of Blockchain technology is driven by the successful use cases and proof of Blockchain concepts in various industries that resulted in increased transparency, enhanced operational efficiency, and reduced costs. The nature of businesses is becoming very competitive in every industry worldwide, and to compete efficiently, enterprises nowadays rely on technology integration into various business functions to increase operational transparency and efficiency.

Blockchain has several applications in the financial sector, including payments, capital markets, trade services, investment & wealth management, and securities & commodities exchanges. Substantial cost savings is one of the main drivers for the rising adoption of Blockchain in this sector.

The use of Blockchain technology made transactions more transparent across major industries. This transparency helps prevent fraud and unauthorized activities in industries, such as financial services, government, and healthcare, where sensitive data is shared among participants. Blockchain streamlines and automates the traditional, paper-heavy processes, which are time-consuming and prone to human error. This makes transactions fast and efficient, thus, increasing operational efficiency.

Cost reduction and cost savings are major priorities for any business. Blockchain eliminates unnecessary third parties or intermediaries to reduce time and costs. With all these advantages, Blockchain enables businesses to improve operational efficiency, transparency, lower operating costs, and thus, helps them enhance service quality and customer experience.

Component Segment Insights

Based on component, the blockchain market can be bifurcated into services and solution. The solution segment led the blockchain market. The increasing adoption of blockchain solutions due to their capacity to provide more transparency in financial transaction management in bitcoin, as well as increasing digitization, is propelling the blockchain market forward. Customers can use the market's blockchain platform to create private, public, and consortium-based blockchain environments and construct their own blockchain applications and solutions. People, products, apps, and services can interact across the blockchain network, cloud providers, and enterprises using these platforms.

Blockchain Market, by Component (% Share)

Blockchain Market, by Component (% Share)

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Application Segment Insights

The global blockchain market is segmented into payments, exchanges, smart contracts, documentation, digital identity, governance, risk & compliance, and others. The payment segment led the blockchain market. The others segment includes digital voting, ride-sharing, advertising, and many others. Blockchain reduces cost, increases security, increases transparency, and decreases transaction time while reducing the need for a trusted third party. Blockchain handles a varying set of rules and configurations. An application such as smart contracts, can greatly improve process efficiency, reliability, transparency, and reduce risk. The prospective uses of blockchain are varied and wide, and the technology is becoming more prevailing.

Industry Vertical Type Segment Insights

Blockchain is a distributed ledger capable of automatically verifying and recording a high volume of digital transactions, regardless of location. As startups use blockchain technology to drive greater transparency across the digital information network, they are increasing the awareness of blockchain technology in various sectors. Based on industry vertical, the global Blockchain market is categorized into BFSI, retail, government, transportation & logistics, healthcare, automotive, media & entertainment, and others. The others segment includes manufacturing, real estate, power and utilities, telecom, and sports.

The Blockchain market players focus on new product innovations and developments by integrating advanced technologies and features to compete. For instance, in 2019, Carrefour and Nestle Partnered with IBM to use blockchain technology in food categories. The partnership would enable a rapid expansion of a blockchain-based network that brings more transparency to the global food supply chain of retailers, growers, wholesalers, processors, distributors, and manufacturers.

Blockchain Market – Company Profiles

  • IBM Corporation
  • Microsoft Corporation
  • Accenture
  • Amazon
  • SAP Se
  • Hewlett Packard Enterprise Development LP (HPE)
  • Oracle Corporation
  • Intel Corporation
  • Ripple
  • Bitfury Group

Frequently Asked Questions

What are the driving factors responsible for the growth of Blockchain market?
Extensive Adoption of Blockchain Solutions in BFSI Industry Vertical High Transparency and Operational Efficiency with Substantial Cost Savings
What is the market opportunity for Blockchain market?
The rising Government Support and Initiatives Worldwide is anticipated to offer ample future growth opportunity to the Blockchain market solution providers over the forecast period of 2021 to 2028. The adoption of Blockchain technology is still in its nascent stages worldwide, and it is growing at different speeds in different geographies. The adoption of Blockchain in particular geography depends on government support and a favorable business environment. Blockchain technology has immense potential to transform businesses and government services. For sustainable growth of the Blockchain market, a unified regulatory framework is crucial, and it depends on the governments' will. The opportunities in various countries will grow exponentially depending on the supportive government initiatives worldwide. Various governments worldwide are coming at the forefront to help the fast adoption of Blockchain. For instance, the European Commission has recently supported signing a 27-country pact on Blockchain, known as the European Blockchain Partnership. This partnership will look into EU-wide collaboration on various regulatory and technical matters related to the Blockchain market. The EU is also planning to invest EUR 300 million in Blockchain over the next three years. On similar lines, the UAE in the Middle East has also formulated an ideal strategy for Blockchain. The focus of this strategy is to do 50% of all government transactions on Blockchain technology by 2021. Also, Sweden has announced its Blockchain-based land registry project. Moreover, the rising use cases of Blockchain in government applications is another positive sign for companies operating in this market. Some of the most common public sector use cases include digital identity, digital voting, inter & intragovernmental transactions, documentation records, and supply chain traceability. The most active governments adopting, investing, and exploring Blockchain include Japan, South Korea, Switzerland, Singapore, Australia, Russia, Canada, Chile, and the Republic of Georgia. All these examples of Blockchain use cases in the government sector and an increase in government support in various geographies are expected to provide ample opportunities to market players operating or planning to enter the Blockchain market
Which component-based segment has the largest Blockchain market share in 2020?
Based on component, the global Blockchain market is segmented into Services, and Solution. The solution segment led the Blockchain market with a market share of 67.2% in 2020. It is expected to account for 69.1% of the total market in 2028.
What is the future trend for Blockchain market?
Artificial intelligence (AI) and its applications such as machine learning and deep learning have grown tremendously over the last few years. AI is being utilized extensively in numerous areas, ranging from cloud computing applications to digital assistants and self-driving/autonomous vehicles. With some of the most prominent tech players from the US and China, such as Google, Amazon, Apple, Facebook, Microsoft, IBM, Baidu, Alibaba, and Tencent, at the forefront of artificial intelligence research and development, this technology is expected to change the face of every industry in the coming future. Blockchain technology and Artificial intelligence are two breakthrough technologies, and they work very well in unison. Combining these two technologies helps build and organize massive databases, strengthen various cybersecurity protocols, and perform tasks in less time than humans. Artificial intelligence works on the data gathered from multiple sources to extract valuable insights related to various business processes and customer preferences while saving costs and increasing operational efficiency for companies. Using AI to collect information is the most common way to use artificial intelligence technology. This data collection and its ethical use pose difficulties in the wide adoption of AI. In this matter, Blockchain can help by storing the AI mechanisms that process data on a distributed and decentralized registry which will help in securing personal information. In Blockchain, users can determine themselves who should be given access to their personal information by using private and public keys. Artificial intelligence-powered blockchains can provide decentralized identification to protect user identity. Various companies are using Blockchain and AI together in diverse applications. For instance, VIA uses Blockchain and AI to help large energy companies conceptualize and use their data more effectively. AlphaNetworks is a Blockchain-powered entertainment platform that uses Artificial Intelligence to improve audience analytics and viewership algorithms. NetObjex is a smart city infrastructure platform that uses Blockchain, IoT, and AI to power connected devices and cloud-based products.
Who are the major vendors in the Blockchain market?
Key companies in the Blockchain market include IBM Corporation, Microsoft Corporation, Accenture, Amazon Web Services, SAP Se, Hewlett Packard Enterprise Development LP (HPE), Oracle Corporation, Intel Corporation, Ripple, and Bitfury Group.
Which country has the largest market share in the Blockchain market?
The US is a significant contributor to the blockchain market in 2020. The US accounts for the largest market share in the blockchain market. The rapid evolution of blockchain technology is witnessing the developments of new platforms, partnerships, and applications in the country. Many companies in the U.S are collaborating with blockchain startups and some of the large players. Also, with the increased digitalization of business, maintaining trust can become expensive, inefficient, and time-consuming. Blockchain improves the reliability of data and reduced chances of fraud. These factors would fuel the demand of blockchain technology in the U.S.

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Global Blockchain Market – By Component

1.3.2 Global Blockchain Market – By Application

1.3.3 Global Blockchain Market – By Industry Vertical

1.3.4 Global Blockchain Market – By Geography

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Blockchain Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.2.2 Europe

4.2.3 APAC

4.2.4 MEA

4.2.5 SAM

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Blockchain Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Extensive Adoption of Blockchain Solutions in BFSI Industry Vertical

5.1.2 High Transparency and Operational Efficiency with Substantial Cost Savings

5.1.3 Increase in Innovative Start-ups Worldwide

5.2 MARKET RESTRAINTS

5.2.1 Data Privacy, Confidentiality, and Security Concerns

5.2.2 Unclear Regulatory Environment

5.2.3 Interoperability, Scalability, and Sustainability Challenges

5.3 MARKET OPPORTUNITIES

5.3.1 Rising Government Support and Initiatives Worldwide

5.3.2 Increasing Demand for Blockchain-as-a-Service Due to COVID-19 Pandemic

5.4 FUTURE TRENDS

5.4.1 Combination of Blockchain and Artificial Intelligence for Advanced Applications

5.4.2 Application of Blockchain in Vaccine Manufacture and Tracking

5.5 Impact Analysis of Drivers and Restraints

6. Blockchain Market – Global Market Analysis

6.1 Global Blockchain Market Overview

6.2 Global Blockchain Market Forecast and Analysis

6.3 Market Positioning- Top Five Players

7. Blockchain Market – By Component

7.1 Overview

7.2 Blockchain Market , by Component (2020 and 2028)

7.3 Services

7.3.1 Overview

7.3.2 Services: Blockchain Market– Revenue and Forecast to 2028 (US$ Million)

7.4 Solution

7.4.1 Overview

7.4.2 Solution: Blockchain Market– Revenue and Forecast to 2028 (US$ Million)

8. Blockchain Market – By Application

8.1 Overview

8.2 Blockchain Market, by Application(2020 and 2028)

8.3 Payments

8.3.1 Overview

8.3.2 Payments: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Exchanges

8.4.1 Overview

8.4.2 Exchanges: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Smart Contracts

8.5.1 Overview

8.5.2 Smart Contracts: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Documentation

8.6.1 Overview

8.6.2 Documentation: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

8.7 Digital Identity

8.7.1 Overview

8.7.2 Digital Identity: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

8.8 Governance, Risk and Compliance

8.8.1 Overview

8.8.2 Governance, Risk and Compliance: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

8.9 Others

8.9.1 Overview

8.9.2 Others: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

9. Blockchain Market – By Industry Vertical

9.1 Overview

9.2 Blockchain Market, by Industry Vertical(2020 and 2028)

9.3 BFSI

9.3.1 Overview

9.3.2 BFSI: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Retail

9.4.1 Overview

9.4.2 Retail: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

9.5 Government

9.5.1 Overview

9.5.2 Government: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

9.6 Transportation and Logistics

9.6.1 Overview

9.6.2 Transportation and Logistics: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

9.7 Healthcare

9.7.1 Overview

9.7.2 Healthcare: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

9.8 Automotive

9.8.1 Overview

9.8.2 Automotive: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

9.9 Media and Entertainment

9.9.1 Overview

9.9.2 Media and Entertainment: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

9.10 Others

9.10.1 Overview

9.10.2 Others: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

10. Blockchain Market – Geographic Analysis

10.1 Overview

10.2 North America: Blockchain Market

10.2.1 Overview

10.2.2 North America Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.2.3 North America Blockchain Market Breakdown, By Component

10.2.4 North America Blockchain Market Breakdown, By Application

10.2.5 North America Blockchain Market Breakdown, By Industry Vertical

10.2.6 North America Blockchain Market Breakdown, by Country

10.2.6.1 US Blockchain Market, Revenue and Forecast to 2028

10.2.6.1.1 US Blockchain Market Breakdown, By Component

10.2.6.1.2 US Blockchain Market Breakdown, By Application

10.2.6.1.3 US Blockchain Market Breakdown, By Industry Vertical

10.2.6.2 Canada Blockchain Market, Revenue and Forecast to 2028

10.2.6.2.1 Canada Blockchain Market Breakdown, By Component

10.2.6.2.2 Canada Blockchain Market Breakdown, By Application

10.2.6.2.3 Canada Blockchain Market Breakdown, By Industry Vertical

10.2.6.3 Mexico Blockchain Market, Revenue and Forecast to 2028

10.2.6.3.1 Mexico Blockchain Market Breakdown, By Component

10.2.6.3.2 Mexico Blockchain Market Breakdown, By Application

10.2.6.3.3 Mexico Blockchain Market Breakdown, By Industry Vertical

10.3 Europe: Blockchain Market

10.3.1 Overview

10.3.2 Europe Blockchain Market Revenue and Forecast to 2028 (US$ million)

10.3.3 Europe Blockchain Market Breakdown, By Component

10.3.4 Europe Blockchain Market Breakdown, By Application

10.3.5 Europe Blockchain Market Breakdown, By Industry Vertical

10.3.6 Europe Blockchain Market Breakdown, by Country

10.3.6.1 Germany Blockchain Market, Revenue and Forecast to 2028

10.3.6.1.1 Germany Blockchain Market Breakdown, By Component

10.3.6.1.2 Germany Blockchain Market Breakdown, By Application

10.3.6.1.3 Germany Blockchain Market Breakdown, By Industry Vertical

10.3.6.2 France Blockchain Market, Revenue and Forecast to 2028

10.3.6.2.1 France Blockchain Market Breakdown, By Component

10.3.6.2.2 France Blockchain Market Breakdown, By Application

10.3.6.2.3 France Blockchain Market Breakdown, By Industry Vertical

10.3.6.3 Italy Blockchain Market, Revenue and Forecast to 2028

10.3.6.3.1 Italy Blockchain Market Breakdown, By Component

10.3.6.3.2 Italy Blockchain Market Breakdown, By Application

10.3.6.3.3 Italy Blockchain Market Breakdown, By Industry Vertical

10.3.6.4 UK Blockchain Market, Revenue and Forecast to 2028

10.3.6.4.1 UK Blockchain Market Breakdown, By Component

10.3.6.4.2 UK Blockchain Market Breakdown, By Application

10.3.6.4.3 UK Blockchain Market Breakdown, By Industry Vertical

10.3.6.5 Russia Blockchain Market, Revenue and Forecast to 2028

10.3.6.5.1 Russia Blockchain Market Breakdown, By Component

10.3.6.5.2 Russia Blockchain Market Breakdown, By Application

10.3.6.5.3 Russia Blockchain Market Breakdown, By Industry Vertical

10.3.6.6 Rest of Europe Blockchain Market, Revenue and Forecast to 2028

10.3.6.6.1 Rest of Europe Blockchain Market Breakdown, By Component

10.3.6.6.2 Rest of Europe Blockchain Market Breakdown, By Application

10.3.6.6.3 Rest of Europe Blockchain Market Breakdown, By Industry Vertical

10.4 APAC: Blockchain Market

10.4.1 Overview

10.4.2 APAC Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.4.3 APAC Blockchain Market Breakdown, By Component

10.4.4 APAC Blockchain Market Breakdown, By Application

10.4.5 APAC Blockchain Market Breakdown, By Industry Vertical

10.4.6 APAC Blockchain Market Breakdown, by Country

10.4.6.1 Australia Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.4.6.1.1 Australia Blockchain Market Breakdown, By Component

10.4.6.1.2 Australia Blockchain Market Breakdown, By Application

10.4.6.1.3 Australia Blockchain Market Breakdown, By Industry Vertical

10.4.6.2 China Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.4.6.2.1 China Blockchain Market Breakdown, By Component

10.4.6.2.2 China Blockchain Market Breakdown, By Application

10.4.6.2.3 China Blockchain Market Breakdown, By Industry Vertical

10.4.6.3 India Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.4.6.3.1 India Blockchain Market Breakdown, By Component

10.4.6.3.2 India Blockchain Market Breakdown, By Application

10.4.6.3.3 India Blockchain Market Breakdown, By Industry Vertical

10.4.6.4 Japan Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.4.6.4.1 Japan Blockchain Market Breakdown, By Component

10.4.6.4.2 Japan Blockchain Market Breakdown, By Application

10.4.6.4.3 Japan Blockchain Market Breakdown, By Industry Vertical

10.4.6.5 South Korea Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.4.6.5.1 South Korea Blockchain Market Breakdown, By Component

10.4.6.5.2 South Korea Blockchain Market Breakdown, By Application

10.4.6.5.3 South Korea Blockchain Market Breakdown, By Industry Vertical

10.4.6.6 Rest of APAC Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.4.6.6.1 Rest of APAC Blockchain Market Breakdown, By Component

10.4.6.6.2 Rest of APAC Blockchain Market Breakdown, By Application

10.4.6.6.3 Rest of APAC Blockchain Market Breakdown, By Industry Vertical

10.5 MEA: Blockchain Market

10.5.1 Overview

10.5.2 MEA Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.5.3 MEA Blockchain Market Breakdown, By Component

10.5.4 MEA Blockchain Market Breakdown, By Application

10.5.5 MEA Blockchain Market Breakdown, By Industry Vertical

10.5.6 MEA Blockchain Market Breakdown, By Country

10.5.6.1 Saudi Arabia Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.5.6.1.1 Saudi Arabia Blockchain Market Breakdown, By Component

10.5.6.1.2 Saudi Arabia Blockchain Market Breakdown, By Application

10.5.6.1.3 Saudi Arabia Blockchain Market Breakdown, By Industry Vertical

10.5.6.2 UAE Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.5.6.2.1 UAE Blockchain Market Breakdown, By Component

10.5.6.2.2 UAE Blockchain Market Breakdown, By Application

10.5.6.2.3 UAE Blockchain Market Breakdown, By Application

10.5.6.3 South Africa Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.5.6.3.1 South Africa Blockchain Market Breakdown, By Component

10.5.6.3.2 South Africa Blockchain Market Breakdown, By Application

10.5.6.3.3 South Africa Blockchain Market Breakdown, By Application

10.5.6.4 Rest of MEA Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.5.6.4.1 Rest of MEA Blockchain Market Breakdown, By Component

10.5.6.4.2 Rest of MEA Blockchain Market Breakdown, By Application

10.5.6.4.3 Rest of MEA Blockchain Market Breakdown, By Industry Vertical

10.6 SAM: Blockchain Market

10.6.1 Overview

10.6.2 SAM Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.6.3 SAM Blockchain Market Breakdown, By Component

10.6.4 SAM Blockchain Market Breakdown, By Application

10.6.5 SAM Blockchain Market Breakdown, By Industry Vertical

10.6.6 SAM Blockchain Market Breakdown, by Country

10.6.6.1 Brazil Blockchain Market, Revenue and Forecast to 2028

10.6.6.1.1 Brazil Blockchain Market Breakdown, By Component

10.6.6.1.2 Brazil Blockchain Market Breakdown, By Application

10.6.6.1.3 Brazil Blockchain Market Breakdown, By Industry Vertical

10.6.6.2 Argentina Blockchain Market, Revenue and Forecast to 2028

10.6.6.2.1 Argentina Blockchain Market Breakdown, By Component

10.6.6.2.2 Argentina Blockchain Market Breakdown, By Application

10.6.6.2.3 Argentina Blockchain Market Breakdown, By Industry Vertical

10.6.6.3 Rest of SAM Blockchain Market, Revenue and Forecast to 2028

10.6.6.3.1 Rest of SAM Blockchain Market Breakdown, By Component

10.6.6.3.2 Rest of SAM Blockchain Market Breakdown, By Application

10.6.6.3.3 Rest of SAM Blockchain Market Breakdown, By Industry Vertical

11. Impact of COVID-19 Pandemic on Blockchain Market

11.1 Overview

11.2 Impact of COVID-19 Pandemic on Global Blockchain Market

11.2.1 North America

11.2.2 Europe

11.2.3 Asia-Pacific

11.2.4 Middle East & Africa

11.2.5 South America

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 New Product Development

12.4 Merger and Acquisition

13. Company Profiles

13.1 IBM Corporation

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Microsoft Corporation

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Accenture

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Amazon Web Services

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 SAP SE

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Bitfury Group Limited

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Ripple Labs Inc.

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 Hewlett Packard Enterprise Development LP (HPE)

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Oracle Corporation

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 Intel Corporation

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Glossary

LIST OF TABLES

Table 1. Global Blockchain Market, Revenue and Forecast, 2019–2028 (US$ Mn)

Table 2. North America Blockchain Market, Revenue and Forecast To 2028 – By Component (US$ million)

Table 3. North America Blockchain Market, Revenue and Forecast To 2028 – By Application (US$ million)

Table 4. North America Blockchain Market, Revenue and Forecast To 2028 – By Industry Vertical(US$ million)

Table 5. North America Blockchain Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 6. US Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 7. US Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 8. US Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 9. Canada Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 10. Canada Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 11. Canada Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 12. Mexico Blockchain Market Breakdown, By Component

Table 13. Mexico Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 14. Mexico Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 15. Europe Blockchain Market, Revenue and Forecast To 2028 – By Component (US$ million)

Table 16. Europe Blockchain Market, Revenue and Forecast To 2028 – By Application (US$ million)

Table 17. Europe Blockchain Market, Revenue and Forecast To 2028 – By Industry Vertical (US$ million)

Table 18. Europe Blockchain Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 19. Germany Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 20. Germany Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 21. Germany Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 22. France Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 23. France Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 24. France Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 25. Italy Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 26. Italy Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 27. Italy Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 28. UK Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 29. UK Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 30. UK Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 31. Russia Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 32. Russia Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 33. Russia Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 34. Rest of Europe Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 35. Rest of Europe Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 36. Rest of Europe Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 37. APAC Blockchain Market, Revenue and Forecast To 2028 – By Component (US$ million)

Table 38. APAC Blockchain Market, Revenue and Forecast To 2028 – By Application (US$ million)

Table 39. APAC Blockchain Market, Revenue and Forecast To 2028 – By Industry Vertical (US$ million)

Table 40. APAC Blockchain Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 41. Australia Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 42. Australia Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 43. Australia Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 44. China Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 45. China Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 46. China Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 47. India Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 48. India Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 49. India Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 50. Japan Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 51. Japan Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 52. Japan Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 53. South Korea Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 54. South Korea Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 55. South Korea Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 56. Rest of APAC Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 57. Rest of APAC Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 58. Rest of APAC Blockchain Market, Revenue and Forecast to 2028 – By Vertical (US$ million)

Table 59. MEA Blockchain Market, Revenue and Forecast To 2028 – By Component (US$ million)

Table 60. MEA Blockchain Market, Revenue and Forecast To 2028 – By Application (US$ million)

Table 61. MEA Blockchain Market, Revenue and Forecast To 2028 – By Industry Vertical (US$ million)

Table 62. MEA Blockchain Market, Revenue and Forecast to 2028 – By Country (US$ million)

Table 63. Saudi Arabia Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 64. Saudi Arabia Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 65. Saudi Arabia Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 66. UAE Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 67. UAE Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 68. UAE Blockchain Market, Revenue and Forecast to 2028 – By Application(US$ million)

Table 69. South Africa Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 70. South Africa Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 71. South Africa Blockchain Market, Revenue and Forecast to 2028 – By Application(US$ million)

Table 72. Rest of MEA Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 73. Rest of MEA Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 74. Rest of MEA Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 75. SAM Blockchain Market, Revenue and Forecast To 2028 – By Component (US$ million)

Table 76. SAM Blockchain Market, Revenue and Forecast To 2028 – By Application (US$ million)

Table 77. SAM Blockchain Market, Revenue and Forecast To 2028 – By Industry Vertical (US$ million)

Table 78. SAM Blockchain Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 79. Brazil Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 80. Brazil Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 81. Brazil Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 82. Argentina Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 83. Argentina Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 84. Argentina Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 85. Rest of SAM Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 86. Rest of SAM Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 87. Rest of SAM Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 88. Glossary of Terms, Blockchain Market

LIST OF FIGURES

Figure 1. Blockchain Market Segmentation

Figure 2. Blockchain Market Segmentation – Geography

Figure 3. Blockchain Market Overview

Figure 4. Blockchain Market, By Component

Figure 5. Blockchain Market, By Application

Figure 6. Blockchain Market, By Industry Vertical

Figure 7. Blockchain Market, By Region

Figure 8. North America: PEST Analysis

Figure 9. Europe: PEST Analysis

Figure 10. APAC: PEST Analysis

Figure 11. MEA: PEST Analysis

Figure 12. SAM: PEST Analysis

Figure 13. Blockchain Market Ecosystem Analysis

Figure 14. Expert Opinion

Figure 15. Blockchain Market Impact Analysis of Drivers and Restraints

Figure 16. Global Blockchain Market

Figure 17. Global Blockchain Market, Forecast and Analysis (US$ Mn)

Figure 18. Market Positioning- Top Five Players

Figure 19. Blockchain Market Revenue Share, by Component (2020 and 2028)

Figure 20. Services: Blockchain Market– Revenue and Forecast to 2028 (US$ Million)

Figure 21. Solution: Blockchain Market– Revenue and Forecast to 2028 (US$ Million)

Figure 22. Blockchain Market Revenue Share, by Application(2020 and 2028)

Figure 23. Payments: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. Exchanges: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. Smart Contracts: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. Documentation: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. Digital Identity: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Governance, Risk, and Compliance: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Others: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Blockchain Market Revenue Share, by Industry Vertical(2020 and 2028)

Figure 31. BFSI: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Retail: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. Government: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34. Transportation and Logistics: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35. Healthcare: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 36. Automotive: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37. Media and Entertainment: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 38. Others: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 39. Global Blockchain Market Breakdown, by Region, 2020 & 2028 (%)

Figure 40. North America Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 41. North America Blockchain Market Breakdown, By Component, 2020 & 2028 (%)

Figure 42. North America Blockchain Market Breakdown, By Application, 2020 & 2028 (%)

Figure 43. North America Blockchain Market Breakdown, By Application, 2020 & 2028 (%)

Figure 44. North America Blockchain Market Breakdown, by Country, 2020 & 2028 (%)

Figure 45. US Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 46. Canada Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 47. Mexico Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 48. Europe Blockchain Market, Revenue and Forecast To 2028 (US$ million)

Figure 49. Europe Blockchain Market Breakdown, By Component, 2020 & 2028 (%)

Figure 50. Europe Blockchain Market Breakdown, By Application, 2020 & 2028 (%)

Figure 51. Europe Blockchain Market Breakdown, By Industry Vertical, 2020 & 2028 (%)

Figure 52. Europe Blockchain Market Breakdown, by Country, 2018 & 2027(%)

Figure 53. Germany Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 54. France Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 55. Italy Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 56. UK Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 57. Russia Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 58. Rest of Europe Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 59. APAC Blockchain Market, Revenue and Forecast To 2028 (US$ million)

Figure 60. APAC Blockchain Market Breakdown, By Component, 2020 & 2028 (%)

Figure 61. APAC Blockchain Market Breakdown, By Application, 2020 & 2028 (%)

Figure 62. APAC Blockchain Market Breakdown, By Industry Vertical, 2020 & 2028 (%)

Figure 63. APAC Blockchain Market Breakdown, by Country, 2020 & 2028 (%)

Figure 64. Australia Blockchain Market, Revenue and Forecast To 2028 (US$ million)

Figure 65. China Blockchain Market, Revenue and Forecast To 2028 (US$ million)

Figure 66. India Blockchain Market, Revenue and Forecast To 2028 (US$ million)

Figure 67. Japan Blockchain Market, Revenue and Forecast To 2028 (US$ million)

Figure 68. South Korea Blockchain Market, Revenue and Forecast To 2028 (US$ million)

Figure 69. Rest of APAC Blockchain Market, Revenue and Forecast To 2028 (US$ million)

Figure 70. MEA Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 71. MEA Blockchain Market Breakdown, By Component, 2020 & 2028 (%)

Figure 72. MEA Blockchain Market Breakdown, By Application, 2020 & 2028 (%)

Figure 73. MEA Blockchain Market Breakdown, By Industry Vertical, 2020 & 2028 (%)

Figure 74. MEA Blockchain Market Breakdown, By Country, 2020 & 2028 (%)

Figure 75. Saudi Arabia Blockchain Market, Revenue and Forecast To 2028 (US$ million)

Figure 76. UAE Blockchain Market, Revenue and Forecast To 2028 (US$ million)

Figure 77. South Africa Blockchain Market, Revenue and Forecast To 2028 (US$ million)

Figure 78. Rest of MEA Blockchain Market, Revenue and Forecast To 2028 (US$ million)

Figure 79. SAM Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 80. SAM Blockchain Market Breakdown, By Component, 2020 & 2028 (%)

Figure 81. SAM Blockchain Market Breakdown, By Application, 2020 & 2028 (%)

Figure 82. SAM Blockchain Market Breakdown, By Industry Vertical, 2020 & 2028 (%)

Figure 83. SAM Blockchain Market Breakdown, by Country, 2020 & 2028 (%)

Figure 84. Brazil Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 85. Argentina Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 86. Rest of SAM Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 87. Impact of COVID-19 Pandemic in North American Country Markets

Figure 88. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 89. Impact of COVID-19 Pandemic in Middle East & Africa Country Markets

The List of Companies - Blockchain Market

  1. IBM Corporation
  2. Microsoft Corporation
  3. Accenture
  4. Amazon
  5. SAP SE
  6. Bitfury Group Limited
  7. Ripple Labs Inc.
  8. Hewlett Packard Enterprise Development LP (HPE)
  9. Oracle Corporation
  10. Intel Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the blockchain market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the blockchain market thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
TIPTE100002172
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