South America Blockchain Market Overview and Growth by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

South America Blockchain Market Forecast to 2028 - COVID-19 Impact and Regional 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)

Report Date : Mar 2022
Report Code : TIPRE00027786

Category : Banking, Financial Services, and Insurance
Status : Published

Available Report Formats :
No. of Pages : 145

Page Updated: Mar 2024

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The blockchain market in South America is expected to grow from US$ 171.52 million in 2021 to US$ 5,494.72 million by 2028; it is estimated to grow at a CAGR of 64.1% from 2021 to 2028.

The adoption of blockchain technology is still in its nascent stages, and it is growing at different speeds in different countries. The adoption of blockchain 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. 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.

Governments of South American countries have taken an array of actions to protect their citizens and contain the spread of COVID-19 infection through lockdowns, trade bans, and travel restrictions. The spread of SARS-CoV-2 has interrupted the operations of the BFSI sector. With growing manufacturing, energy & utilities, retail industries, businesses in this region are increasingly implementing security and vulnerability management solutions to enable data security, prevent cyber-attacks and commercial espionage, and ensure security and privacy of data to facilitate business continuity.

South America Blockchain Market Revenue and Forecast to 2028 (US$ Million)

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

South America Blockchain Market Segmentation

South America Blockchain Market – By Component

Solutions
Services

South America Blockchain Market – By Application

Payments
Exchanges
Smart Contracts
Documentation
Digital Identity
Governance, Risk and Compliance
Others

South America Blockchain Market – By Industry Vertical

BFSI
Retail
Government
Transportation and Logistics
Healthcare
Automotive
Media and Entertainment
Others

South America Blockchain Market– By Country

Brazil
Argentina
Rest of South America

South America Blockchain Market-Companies Mentioned

Accenture
Amazon Web Services
Hewlett Packard Enterprise Development LP (HPE)
IBM Corporation
Intel Corporation
Microsoft Corporation
Oracle Corporation
Ripple Labs Inc.
SAP SE

South America Blockchain Report Scope

Report Attribute	Details
Market size in 2021	US$ 171.52 Million
Market Size by 2028	US$ 5,494.72 Million
Global CAGR (2021 - 2028)	64.1%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Component Solutions and Services By Application Payments Exchanges Smart Contracts Documentation Digital Identity Governance Risk and Compliance By Industry Vertical BFSI Retail Government Transportation and Logistics Healthcare Automotive Media and Entertainment
Regions and Countries Covered	South and Central America Brazil Argentina Rest of South and Central America
Market leaders and key company profiles	Accenture Amazon Web Services Hewlett Packard Enterprise Development LP (HPE) IBM Corporation Intel Corporation Microsoft Corporation Oracle Corporation Ripple Labs Inc. SAP SE

Research Manager

Ankita Mittal

Manager,
Market Research & Consulting

Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

What are the South America Blockchain Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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