PUBLISHER: TechNavio | PRODUCT CODE: 1723029
PUBLISHER: TechNavio | PRODUCT CODE: 1723029
The blockchain technology market is forecasted to grow by USD 52327.8 mn during 2024-2029, accelerating at a CAGR of 56.6% during the forecast period. The report on the blockchain technology market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing venture capital funding and investing in blockchain technology, easier access to technology, and disintermediation of banking services.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 39% |
CAGR | 56.6% |
Incremental Value | $52327.8 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's blockchain technology market is segmented as below:
By End-user
By Type
By Component
By Application
By Geographical Landscape
This study identifies the high adoption of blockchain solutions for payments as one of the prime reasons driving the blockchain technology market growth during the next few years. Also, advent of artificial intelligence and rise of blockchain as service will lead to sizable demand in the market.
The report on the blockchain technology market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading blockchain technology market vendors that include Accenture PLC, Amazon.com Inc., Amcon Soft, Ara Soft Group LLC, Capgemini Service SAS, Cargoledger, ConsenSys Software Inc., Deloitte Touche Tohmatsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Infosys Ltd., Intel Corp., International Business Machines Corp., OpenLedger, Oracle Corp., PixelPlex Ltd, SAP SE, Tata Sons Pvt. Ltd., and Wipro Ltd.. Also, the blockchain technology market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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