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Market Research Report
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1073686

Global Blockchain Technology Market Size study, by Component, by Service, by Provider, by Type, by Application Area and Regional Forecasts 2022-2028

Published: | Bizwit Research & Consulting LLP | Delivery time: 2-3 business days

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Global Blockchain Technology Market Size study, by Component, by Service, by Provider, by Type, by Application Area and Regional Forecasts 2022-2028
Published: April 30, 2022
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

Global Blockchain Technology Market is valued at approximately USD 2.91 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 68.4 % over the forecast period 2022-2028. Blockchain technology is a decentralised database that is shared among computer network nodes. A blockchain acts as a database, storing information in a digital format. Blockchains are well known for their critical role in keeping a secure and decentralised record of transactions in cryptocurrency systems like Bitcoin. Reduction in operating cost, process simplification, openness, security, and data integrity along with rising funding and investments in blockchain technology has driven the adoption of Blockchain Technology across the projected period. For Instance: Until August 2021, Digital Currency Group - a venture capital firm founded in 2015 that primarily invests in cryptocurrency, fintech, and blockchain companies - has completed over 197 blockchain and crypto deals; its most recent investments include Circle and Figure Technologies, both of which establish technology to facilitate financial transactions. Also, rising government initiatives, union of Blockchain, IoT and AI and rise in demand for blockchain technology in novel industries are most likely to boost the overall growth of the Blockchain Technology market. However, high deployment cost, risk of security and privacy in blockchain transactions and lack of technical expertise and skillsets can obstruct the market's expansion over the projection period of 2022-2028.

The key regions considered for the global Blockchain Technology market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. The rapid adoption of new technologies and presence of vendors is driving the market growth in North America. Whereas, Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. The market is expected to grow during the projected period due to rising mergers and acquisitions between blockchain technology, AI and IoT.

Major market players included in this report are:

IBM

Amazon Web Services

SAP

Intel

Oracle

Huawei

Accenture

Wipro

Bitfury

Chain

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:

Platform

Services

By Service:

Technology Advisory and Consulting

Development and Integration Services

Support and Maintenance

By Provider:

Application

Middleware

Infrastructure

By Type:

Pubic

Private

Hybrid

By Application Area:

Transportation and Logistics

Agriculture and Food

Manufacturing

Energy and Utilities

Healthcare and Life sciences

Media Advertising and Entertainment

Banking and Financial Services

Insurance

IT and Telecom

Retail and Ecommerce

Government

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019, 2020

Base year - 2021

Forecast period - 2022 to 2028

Target Audience of the Global Blockchain Technology Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Table of Contents

Chapter 1. Executive Summary

  • 1.1. Market Snapshot
  • 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
    • 1.2.1. Blockchain Technology Market, by Region, 2020-2028 (USD Billion)
    • 1.2.2. Blockchain Technology Market, by Component, 2020-2028 (USD Billion)
    • 1.2.3. Blockchain Technology Market, by Services, 2020-2028 (USD Billion)
    • 1.2.4. Blockchain Technology Market, by Provider, 2020-2028 (USD Billion)
    • 1.2.5. Blockchain Technology Market, by Type, 2020-2028 (USD Billion)
    • 1.2.6. Blockchain Technology Market, by Application Area, 2020-2028 (USD Billion)
  • 1.3. Key Trends
  • 1.4. Estimation Methodology
  • 1.5. Research Assumption

Chapter 2. Global Blockchain Technology Market Definition and Scope

  • 2.1. Objective of the Study
  • 2.2. Market Definition & Scope
    • 2.2.1. Scope of the Study
    • 2.2.2. Industry Evolution
  • 2.3. Years Considered for the Study
  • 2.4. Currency Conversion Rates

Chapter 3. Global Blockchain Technology Market Dynamics

  • 3.1. Blockchain Technology Market Impact Analysis (2020-2028)
    • 3.1.1. Market Drivers
      • 3.1.1.1. Rising funding and investments in blockchain technology
      • 3.1.1.2. Process simplification, openness, security, and data integrity
      • 3.1.1.3. Reduction in operating cost
    • 3.1.2. Market Challenges
      • 3.1.2.1. High deployment cost
      • 3.1.2.2. Risk of security and privacy in blockchain transaction
      • 3.1.2.3. Lack of technical expertise and skillsets
    • 3.1.3. Market Opportunities
      • 3.1.3.1. Rising government initiatives
      • 3.1.3.2. Union of Blockchain, IoT and AI
      • 3.1.3.3. Rise in demand for blockchain technology in novel industries

Chapter 4. Global Blockchain Technology Market Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
    • 4.1.6. Futuristic Approach to Porter's 5 Force Model (2019-2028)
  • 4.2. PEST Analysis
    • 4.2.1. Political
    • 4.2.2. Economical
    • 4.2.3. Social
    • 4.2.4. Technological
  • 4.3. Investment Adoption Model
  • 4.4. Analyst Recommendation & Conclusion
  • 4.5. Top investment opportunity
  • 4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

    • 5.1.1. Assessment of the overall impact of COVID-19 on the industry
    • 5.1.2. Pre COVID-19 and post COVID-19 market scenario

Chapter 6. Global Blockchain Technology Market, by Component

  • 6.1. Market Snapshot
  • 6.2. Global Blockchain Technology Market by Component, Performance - Potential Analysis
  • 6.3. Global Blockchain Technology Market Estimates & Forecasts by Component, 2019-2028 (USD Billion)
  • 6.4. Blockchain Technology Market, Sub Segment Analysis
  • 6.4.1 Platform
  • 6.4.2 Services

Chapter 7. Global Blockchain Technology Market, by Services

  • 7.1. Market Snapshot
  • 7.2. Global Blockchain Technology Market by Services, Performance - Potential Analysis
  • 7.3. Global Blockchain Technology Market Estimates & Forecasts by Services, 2019-2028 (USD Billion)
  • 7.4. Blockchain Technology Market, Sub Segment Analysis
  • 7.4.1 Technology Advisory and Consulting
  • 7.4.2 Development and Integration Services
  • 7.4.3 Support and Maintenance

Chapter 8. Global Blockchain Technology Market, by Provider

  • 8.1. Market Snapshot
  • 8.2. Global Blockchain Technology Market by Provider, Performance - Potential Analysis
  • 8.3. Global Blockchain Technology Market Estimates & Forecasts by Provider, 2019-2028 (USD Billion)
  • 8.4. Blockchain Technology Market, Sub Segment Analysis
  • 8.4.1 Application
  • 8.4.2 Middleware
  • 8.4.3 Infrastructure

Chapter 9. Global Blockchain Technology Market, by Type

  • 9.1. Market Snapshot
  • 9.2. Global Blockchain Technology Market by Type, Performance - Potential Analysis
  • 9.3. Global Blockchain Technology Market Estimates & Forecasts by Type, 2019-2028 (USD Billion)
  • 9.4. Blockchain Technology Market, Sub Segment Analysis
  • 9.4.1 Public
  • 9.4.2 Private
  • 9.4.3 Hybrid

Chapter 10. Global Blockchain Technology Market, by Application Area

  • 10.1. Market Snapshot
  • 10.2. Global Blockchain Technology Market by Application Area, Performance - Potential Analysis
  • 10.3. Global Blockchain Technology Market Estimates & Forecasts by Application Area, 2019-2028 (USD Billion)
  • 10.4. Blockchain Technology Market, Sub Segment Analysis
  • 10.4.1 Transportation and Logistics
  • 10.4.2 Agriculture and Food
  • 10.4.3 Manufacturing
  • 10.4.4 Energy and Utilities
  • 10.4.5 Healthcare and Life sciences
  • 10.4.6 Media Advertising and Entertainment
  • 10.4.7 Banking and Financial Services
  • 10.4.8 Insurance
  • 10.4.9 IT and Telecom
  • 10.4.10 Retail and eCommerce
  • 10.4.11 Government
  • 10.4.12 Others

Chapter 11. Global Blockchain Technology Market, Regional Analysis

  • 11.1. Blockchain Technology Market, Regional Market Snapshot
  • 11.2. North America Blockchain Technology Market
    • 11.2.1. U.S. Blockchain Technology Market
      • 11.2.1.1. Component breakdown estimates & forecasts, 2019-2028
      • 11.2.1.2. Services breakdown estimates & forecasts, 2019-2028
      • 11.2.1.3. Provider breakdown estimates & forecasts, 2019-2028
      • 11.2.1.4. Type breakdown estimates & forecasts, 2019-2028
      • 11.2.1.5. Application Area breakdown estimates & forecasts, 2019-2028
    • 11.2.2. Canada Blockchain Technology Market
  • 11.3. Europe Blockchain Technology Market Snapshot
    • 11.3.1. U.K. Blockchain Technology Market
    • 11.3.2. Germany Blockchain Technology Market
    • 11.3.3. France Blockchain Technology Market
    • 11.3.4. Spain Blockchain Technology Market
    • 11.3.5. Italy Blockchain Technology Market
    • 11.3.6. Rest of Europe Blockchain Technology Market
  • 11.4. Asia-Pacific Blockchain Technology Market Snapshot
    • 11.4.1. China Blockchain Technology Market
    • 11.4.2. India Blockchain Technology Market
    • 11.4.3. Japan Blockchain Technology Market
    • 11.4.4. Australia Blockchain Technology Market
    • 11.4.5. South Korea Blockchain Technology Market
    • 11.4.6. Rest of Asia Pacific Blockchain Technology Market
  • 11.5. Latin America Blockchain Technology Market Snapshot
    • 11.5.1. Brazil Blockchain Technology Market
    • 11.5.2. Mexico Blockchain Technology Market
  • 11.6. Rest of The World Blockchain Technology Market

Chapter 12. Competitive Intelligence

  • 12.1. Top Market Strategies
  • 12.2. Company Profiles
  • 12.2.1 IBM
    • 12.2.1.1 Key Information
    • 12.2.1.2 Overview
    • 12.2.1.3 Financial (Subject to Data Availability)
    • 12.2.1.4 Product Summary
    • 12.2.1.5 Recent Developments
  • 12.2.2 Amazon Web Services
  • 12.2.3 SAP
  • 12.2.4 Intel
  • 12.2.5 Oracle
  • 12.2.6 Huawei
  • 12.2.7 Accenture
  • 12.2.8 Wipro
  • 12.2.9 Bitfury
  • 12.2.10 Chain

Chapter 13. Research Process

13.1 Research Process

  • 13.1.1 Data Mining
  • 13.1.2 Analysis
  • 13.1.3 Market Estimation
  • 13.1.4 Validation
  • 13.1.5 Publishing

13.2 Research Attributes

13.3 Research Assumption

LIST OF TABLES

  • TABLE 1. Global Blockchain Technology market, report scope
  • TABLE 2. Global Blockchain Technology market estimates & forecasts by Region 2019-2028 (USD Billion)
  • TABLE 3. Global Blockchain Technology market estimates & forecasts by Component 2019-2028 (USD Billion)
  • TABLE 4. Global Blockchain Technology market estimates & forecasts by Services 2019-2028 (USD Billion)
  • TABLE 5. Global Blockchain Technology market estimates & forecasts by Provider 2019-2028 (USD Billion)
  • TABLE 6. Global Blockchain Technology market estimates & forecasts by Type 2019-2028 (USD Billion)
  • TABLE 7. Global Blockchain Technology market estimates & forecasts by Application Area 2019-2028 (USD Billion)
  • TABLE 8. Global Blockchain Technology market by segment, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 9. Global Blockchain Technology market by region, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 10. Global Blockchain Technology market by segment, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 11. Global Blockchain Technology market by region, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 12. Global Blockchain Technology market by segment, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 13. Global Blockchain Technology market by region, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 14. Global Blockchain Technology market by segment, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 15. Global Blockchain Technology market by region, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 16. Global Blockchain Technology market by segment, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 17. Global Blockchain Technology market by region, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 18. U.S. Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 19. U.S. Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 20. U.S. Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 21. Canada Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 22. Canada Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 23. Canada Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 24. UK Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 25. UK Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 26. UK Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 27. Germany Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 28. Germany Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 29. Germany Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 30. RoE Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 31. RoE Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 32. RoE Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 33. China Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 34. China Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 35. China Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 36. India Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 37. India Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 38. India Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 39. Japan Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 40. Japan Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 41. Japan Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 42. RoAPAC Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 43. RoAPAC Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 44. RoAPAC Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 45. Brazil Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 46. Brazil Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 47. Brazil Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 48. Mexico Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 49. Mexico Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 50. Mexico Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 51. RoLA Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 52. RoLA Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 53. RoLA Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 54. Row Blockchain Technology market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 55. Row Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 56. Row Blockchain Technology market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 57. List of secondary sources, used in the study of global Blockchain Technology market
  • TABLE 58. List of primary sources, used in the study of global Blockchain Technology market
  • TABLE 59. Years considered for the study
  • TABLE 60. Exchange rates considered

LIST OF FIGURES

List of figures

  • FIG 1. Global Blockchain Technology market, research methodology
  • FIG 2. Global Blockchain Technology market, market estimation techniques
  • FIG 3. Global market size estimates & forecast methods
  • FIG 4. Global Blockchain Technology market, key trends 2021
  • FIG 5. Global Blockchain Technology market, growth prospects 2022-2028
  • FIG 6. Global Blockchain Technology market, porters 5 force model
  • FIG 7. Global Blockchain Technology market, pest analysis
  • FIG 8. Global Blockchain Technology market, value chain analysis
  • FIG 9. Global Blockchain Technology market by segment, 2019 & 2028 (USD Billion)
  • FIG 10. Global Blockchain Technology market by segment, 2019 & 2028 (USD Billion)
  • FIG 11. Global Blockchain Technology market by segment, 2019 & 2028 (USD Billion)
  • FIG 12. Global Blockchain Technology market by segment, 2019 & 2028 (USD Billion)
  • FIG 13. Global Blockchain Technology market by segment, 2019 & 2028 (USD Billion)
  • FIG 14. Global Blockchain Technology market, regional snapshot 2019 & 2028
  • FIG 15. North America Blockchain Technology market 2019 & 2028 (USD Billion)
  • FIG 16. Europe Blockchain Technology market 2019 & 2028 (USD Billion)
  • FIG 17. Asia pacific Blockchain Technology market 2019 & 2028 (USD Billion)
  • FIG 18. Latin America Blockchain Technology market 2019 & 2028 (USD Billion)
  • FIG 19. Global Blockchain Technology market, company market share analysis (2021)