Blockchain Market - Forecasts from 2025 to 2030

Blockchain Market Size:

The blockchain market is expected to grow from USD 40.228 billion in 2025 to USD 101.147 billion in 2030, at a CAGR of 20.25%.

The blockchain technology market demonstrates substantial growth driven by increasing focus on data ledger decentralization and expanding demand for advanced platforms and solutions across financial and retail sectors. Market expansion is supported by the growing number of cryptocurrency dealers and increasing involvement of financial institutions utilizing blockchain technology for secure payments, customer identity management, and cross-border payment settlements.

High investments in blockchain technology by major banks and financial institutions have prompted progressive technological innovations, subsequently improving operational effectiveness. Key adoption drivers include elimination of transaction authentication requirements, reduced error rates, limited reconciliation needs, and accelerated settlement processes. The escalating need for simplified business processes and supply chain management applications integrated with blockchain technology further drives overall market growth.

The increasing adoption of distributed ledger technology (DLT) systems for transaction recording with advanced data analytics and secured mechanisms represents a major parameter driving blockchain technology market expansion.

Market Growth Drivers

Digital Identity Applications

Digital identity has become essential for digital economy viability and growth, proving fundamental and imperative across every organization and sector. Blockchain-based biometric systems help clients map physical identities to digital identities, enabling firms and organizations to pursue novel market opportunities within broader ecosystems.

Blockchain applications in digital identity reduce background check repetition time, allow patients to manage and share health records, secure seamless travel processes, and provide proof of insurance or ownership. Major companies are developing blockchain-based digital identity solutions for their customers. Accenture developed a unique digital identity prototype to modernize identity management for individuals and organizations.

By leveraging biometrics and blockchain integration, systems create more user-friendly, secure, efficient, and fraud-resistant digital identity tracking, establishment, and maintenance processes. NEC enables digital identity management using blockchain technology, aiming to enhance transaction speed, security, and user experience.

Healthcare Sector Applications

Increasing healthcare investments and spending, surging hospital costs, and healthcare data storage growth create exponential demand for advanced distributed ledger systems and technology. Global healthcare spending reached more than $8.3 trillion between 2000 and 2019 according to the World Health Organization.

Healthcare organizations worldwide experienced approximately 878% health data growth since 2016, reaching around 8.41 petabytes according to Dell EMC statistics. This data expansion has increased disruption attacks and challenged organizational resources and abilities to protect data across networks, driving blockchain adoption in healthcare.

Blockchain applications in healthcare include healthcare data protection, electronic medical record (EMR) data management, electronic health records data management, personal health record data management, and related applications. Single blockchain networks offer secure digital environments and create universal electronic health records.

Companies like Abto Software provide custom software services and blockchain solutions that enhance healthcare stakeholder collaboration, reduce operational costs, and automate business processes. The company provides tools for medical data interoperability with next-generation EHR/EMR systems, addressing healthcare accessibility through telemedicine and related applications.

Geographic Market Analysis

Asia Pacific Market Leadership

The Asia Pacific region demonstrates significant market share potential due to blockchain technology's capacity to reshape regional markets. Asian investors traditionally favor hard assets like gold and property, with blockchain-based assets meeting this preference through direct control and holding capabilities outside financial institution custodianship.

Asian cities demonstrate higher population density compared to other regions, with seven of the world's ten largest cities located in Asia. Many Asian countries operate export-driven economies, creating demand for blockchain-based applications and platforms that optimize trade finance transactions.

Asian countries feature rising middle class populations and young demographics. India maintains a median age of 28.7 years with projected population growth rates supporting continued market expansion. Major regional countries have made significant market developments in recent years.

China, representing one of the world's largest economies, has accelerated blockchain technology development and adoption plans, intending to achieve world leadership in this technology by 2025. The country announced establishment of an advanced blockchain-based industrial system to incorporate the technology into development and economic planning initiatives.

Market Outlook

The blockchain technology market continues evolving through technological advancement, financial institution adoption, and expanding applications across healthcare, digital identity, and supply chain management sectors. The combination of regulatory support, institutional investment, and demographic trends positions blockchain as a transformative technology across diverse geographic markets and industry applications, creating comprehensive opportunities for sustained market growth and technological innovation.

Key Benefits of this Report:

• Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
• Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
• Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
• Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
• Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

• Historical data from 2022 to 2024 & forecast data from 2025 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others.

Blockchain Market Segments:

By Type

• Public Blockchain
• Private Blockchain
• Hybrid Blockchain
• Consortium Blockchain

By Component

• Platform
• Services

By Application

• Payments
• Smart Contracts
• Digital Identity
• Supply-Chain Management
• Others

By End-User

• Transportation and Logistics
• Banking and Financial Services
• Manufacturing
• Agriculture and Food
• Energy and Utilities
• Government
• Healthcare
• Insurance
• Retail and Consumer Goods
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• France
• United Kingdom
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• China
• India
• Japan
• South Korea
• Indonesia
• Thailand
• Others