PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1798385
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1798385
The global blockchain market size is projected to grow from USD 32.99 billion in 2025 to USD 393.45 billion by 2030 at a compound annual growth rate (CAGR) of 64.2% during the forecast period.
Scope of the Report | |
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Years Considered for the Study | 2019-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Million/USD Billion) |
Segments | By Offering, Provider, Type, Deployment Mode, Organization Size, and Region |
Regions covered | North America, Europe, Asia Pacific, and Rest of the World |
The demand for real-time insights and the expansion into emerging sectors are accelerating blockchain adoption beyond traditional domains. In manufacturing and logistics, blockchain-enabled IoT sensors facilitate real-time monitoring, predictive maintenance, and anomaly detection-boosting efficiency and reducing downtime in Industry 4.0 ecosystems. In parallel, blockchain is entering new verticals such as green energy trading, digital health, and sustainable IT. Indian IT firms are pioneering blockchain-based green credit initiatives, while organizations like SEWA have introduced blockchain-backed digital health passports, ensuring secure and verifiable health records for underserved populations.
"By offering, the platforms segment is projected to account for the largest market share during the forecast period."
The platforms segment dominates the market because it provides the essential foundation-scalable, secure, and flexible infrastructure-for businesses to build and deploy blockchain applications across industries. Leading providers such as IBM, Microsoft Azure, Amazon Managed Blockchain, Oracle, and SAP offer enterprise-grade, permissioned environments that handle encrypted ledgers, smart contracts, and multi-cloud deployments seamlessly. In 2025, Qila, an India-born BaaS platform, expanded to Europe by establishing its first hub in France and aiming for 30% of revenue from Western markets, highlighting global demand for turnkey blockchain solutions. Meanwhile, open-source frameworks like Hyperledger Fabric, backed by IBM and SAP, are being integrated into the Linux Foundation's Decentralized Trust project, illustrating ongoing investment in core platform development. As enterprises seek to streamline operations, maintain data privacy, and accelerate time to market, platform providers remain indispensable and are driving the largest market share in blockchain.
"By region, Europe is estimated to account for the second-largest regional share."
Europe is estimated to account for the second-largest blockchain market due to strong regulatory leadership, robust infrastructure development, and active public-private partnerships. The European Central Bank's digital euro initiative, involving over 70 private sector partners, is advancing toward a 2025 pilot launch, positioning Europe as a pioneer in central bank digital currency integration. Simultaneously, the EU Blockchain Regulatory Sandbox is supporting startups and financial institutions by easing compliance hurdles and enabling early testing of blockchain applications. Further strengthening its position, Stuttgart's BX Digital recently gained Swiss approval for a blockchain-based asset settlement platform. Additionally, leading financial firms like BNP Paribas, Deutsche Borse, and Goldman Sachs are co-developing blockchain infrastructure under the Canton Network consortium. These developments collectively drive Europe's substantial market presence.
Breakdown of primaries
The key players in the blockchain market include AWS (US), IBM (US), Oracle (US), Huawei (China), Accenture (Ireland), OVHcloud (France), TCS (India), Google (US), Alibaba (China), Microsoft (US), SAP (Germany), HPE (US), Tencent (China), Wipro (India), Infosys (India), Lumen Technologies (US), and DigitalOcean (US).
The study includes an in-depth competitive analysis of the key players in the blockchain market, their company profiles, recent developments, and key market strategies.
Research Coverage
The report segments the blockchain market and forecasts its size by offering (platforms, services), provider (application providers, infrastructure providers, middleware providers), type (public, private, hybrid, consortium), organization size (large enterprises, SMEs), deployment mode (on-premises, cloud, hybrid), vertical (transportation & logistics, agriculture & food, manufacturing, energy & utilities, healthcare & life sciences, media, advertising, & entertainment, banking & financial services, insurance, IT & telecom, government, retail & eCommerce, real estate & construction, and other verticals), and region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).
The study also includes an in-depth competitive analysis of the market's key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report will help market leaders and new entrants with information on the closest approximations of the revenue numbers for the overall blockchain market and its subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.