PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449346
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449346
Asia Pacific Blockchain Technology Market Share, Size, Trends, Industry Analysis Report, By Type (Private Cloud, Public Cloud, Hybrid Cloud); By Component; By Enterprise Size; By End-Use; By Country; Segment Forecast, 2024 - 2032
The asia pacific blockchain technology market size is expected to reach USD 150.04 Billion by 2032, according to a new study by Polaris Market Research. The report "Asia Pacific Blockchain Technology Market Share, Size, Trends, Industry Analysis Report, By Type (Private Cloud, Public Cloud, Hybrid Cloud); By Component; By Enterprise Size; By End-Use; By Country; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increased interest can be attributed to an increasing trend of institutional adoption. Leading banks, investment firms, and financial institutions are now recognizing the opportunities presented by digital currencies. This shift is fostering a more organized and comprehensive approach to cryptocurrency investments.
Blockchain is gaining traction in a variety of industries, with successful applications in media, BFSI, and entertainment. The BFSI sector, in particular, is on top in adopting blockchain technology, showing its dominance in technology adoption and practical use cases.
Blockchain solutions are being implemented in areas such as fund processing, remittances, dispute resolution, payments, identity management, risk management, and numerous other applications.
Several organizations are currently incorporating blockchain solutions into their workflows, launching their own cryptocurrency-related products, and even forming partnerships with blockchain startups. This significant shift indicates not only recognition, but also a proactive pursuit of the opportunities presented by cryptocurrencies.
Central banks are quickly recognizing the opportunities presented by the digital transformation. The People's Bank of China is leading the way, spearheading the development of its digital currency electronic payment project, a digital version of the yuan. Meanwhile, the Reserve Bank of India and the Bank of Thailand are exploring through the possibility of launching their own digital currencies.
Several countries in the region have been recognized for their excellent public health infrastructure. In terms of healthcare, Japan, Australia, and New Zealand consistently rank first among Asia-Pacific nations, with health spending accounting for significant portions of their respective GDPs. The APAC region's robust economic growth brings both benefits and challenges to the healthcare sector. Despite an increase in the number of hospitals, people in both rural and urban areas face issues with accessibility and affordability. The population's increased life expectancy highlights a growing demand for improved healthcare services, which ultimately contribute to better health outcomes.
Asia Pacific Blockchain Technology Market Report Highlights
In 2023, the public cloud segment accounted for the largest revenue share in the asia pacific blockchain technology market. Providers own and manage computing resources, but the public can dynamically access and use cloud infrastructure, allowing multiple organizations to use it at the same time. Google App Engine and Microsoft Azure are the examples of the public cloud.
Blockchain technology is increasingly being used by large enterprises to improve security, transparency, and efficiency in various aspects of their operations. Its decentralized and tamper-resistant nature makes it well-suited for applications such as supply chain management, where it enables real-time tracking of goods and ensures information authenticity.
Blockchain-powered financial solutions are emerging as a viable alternative in countries such as the Philippines and Indonesia, where many people lack access to traditional banking services. These advancements prioritize security, affordability, and accessibility, making the way for economic advancement through increased financial inclusion.
The key market players include Antier Solutions Pvt. Ltd., Blockchain Foundry, Circle Internet Financial Ltd., Consensys, Deloitte Touche Tohmatsu Ltd., Dragonchain, IBM Corp., Infosys, Microsoft Corp., NTT Data, RecordsKeeper, Ripple.
Polaris Market Research has segmented the Asia Pacific Blockchain Technology market report based on type, component, enterprise size, end-use, and country:
Asia Pacific Blockchain Technology, Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Private Cloud
- Public Cloud
- Hybrid Cloud
Asia Pacific Blockchain Technology, Component Outlook (Revenue - USD Billion, 2019 - 2032)
- Infrastructure & Protocols
- Application & Solution
- Middleware
Asia Pacific Blockchain Technology, Enterprise Size Outlook (Revenue - USD Billion, 2019 - 2032)
- Large Enterprises
- Small & Medium Enterprises
Asia Pacific Blockchain Technology, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)
- Government
- Healthcare
- Financial Services
- Media & Entertainment
- Retail
- Transportation & Logistics
- Travel
- Others
Asia Pacific Blockchain Technology, Country Outlook (Revenue - USD Billion, 2019 - 2032)
- China
- India
- Malaysia
- Japan
- Indonesia
- South Korea
- Australia
- Rest of Asia Pacific
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Asia Pacific Blockchain Technology Market Insights
- 4.1. Asia Pacific Blockchain Technology Market - Industry Snapshot
- 4.2. Asia Pacific Blockchain Technology Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Implementation of new business models by using the blockchain technology will drive the market growth
- 4.2.1.2. The increasing adoption of a blockchain technology in various sectors will bolster the growth of the market
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Stringent regulations on blockchain technologies hindering the growth of the market
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Asia Pacific Blockchain Technology Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Asia Pacific Blockchain Technology Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Asia Pacific Blockchain Technology, by Type, 2019-2032 (USD Billion)
- 5.3. Private Cloud
- 5.3.1. Asia Pacific Blockchain Technology Market, by Private Cloud, 2019-2032 (USD Billion)
- 5.4. Public Cloud
- 5.4.1. Asia Pacific Blockchain Technology Market, by Public Cloud, 2019-2032 (USD Billion)
- 5.5. Hybrid Cloud
- 5.5.1. Asia Pacific Blockchain Technology Market, by Hybrid Cloud, 2019-2032 (USD Billion)
6. Asia Pacific Blockchain Technology Market, by Component
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Asia Pacific Blockchain Technology Market, by Component, 2019-2032 (USD Billion)
- 6.3. Infrastructure & Protocols
- 6.3.1. Asia Pacific Blockchain Technology Market, by Infrastructure & Protocols, 2019-2032 (USD Billion)
- 6.4. Application & Solution
- 6.4.1. Asia Pacific Blockchain Technology Market, by Application & Solution, 2019-2032 (USD Billion)
- 6.5. Middleware
- 6.5.1. Asia Pacific Blockchain Technology Market, by Middleware, 2019-2032 (USD Billion)
7. Asia Pacific Blockchain Technology Market, by Enterprise Size
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Asia Pacific Blockchain Technology Market, by Enterprise Size, 2019-2032 (USD Billion)
- 7.3. Large Enterprises
- 7.3.1. Asia Pacific Blockchain Technology Market, by Large Enterprises, 2019-2032 (USD Billion)
- 7.4. Small & Medium Enterprises
- 7.4.1. Asia Pacific Blockchain Technology Market, by Small & Medium Enterprises, 2019-2032 (USD Billion)
8. Asia Pacific Blockchain Technology Market, by End-Use
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Asia Pacific Blockchain Technology Market, by End-Use, 2019-2032 (USD Billion)
- 8.3. Government
- 8.3.1. Asia Pacific Blockchain Technology Market, by Government, 2019-2032 (USD Billion)
- 8.4. Healthcare
- 8.4.1. Asia Pacific Blockchain Technology Market, by Healthcare, 2019-2032 (USD Billion)
- 8.5. Financial Services
- 8.5.1. Asia Pacific Blockchain Technology Market, by Financial Services, 2019-2032 (USD Billion)
- 8.6. Media & Entertainment
- 8.6.1. Asia Pacific Blockchain Technology Market, by Media & Entertainment, 2019-2032 (USD Billion)
- 8.7. Retail
- 8.7.1. Asia Pacific Blockchain Technology Market, by Retail, 2019-2032 (USD Billion)
- 8.8. Transportation & Logistics
- 8.8.1. Asia Pacific Blockchain Technology Market, by Transportation & Logistics, 2019-2032 (USD Billion)
- 8.9. Travel
- 8.9.1. Asia Pacific Blockchain Technology Market, by Travel, 2019-2032 (USD Billion)
- 8.10. Others
- 8.10.1. Asia Pacific Blockchain Technology Market, by Others, 2019-2032 (USD Billion)
9. Asia Pacific Blockchain Technology Market, by Countries
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. Asia Pacific Blockchain Technology Market Assessment, By Countries, 2018-2030 (USD Billion)
- 9.2.2. Asia Pacific Blockchain Technology Market - China
- 9.2.2.1. China: Asia Pacific Blockchain Technology Market, by Application, 2018-2030 (USD Billion)
- 9.2.2.2. China: Asia Pacific Blockchain Technology Market, by Enterprise Size, 2018-2030 (USD Billion)
- 9.2.2.3. China: Asia Pacific Blockchain Technology Market, by End-Use, 2018-2030 (USD Billion)
- 9.2.3. Asia Pacific Blockchain Technology Market - India
- 9.2.3.1. India.: Asia Pacific Blockchain Technology Market, by Application, 2018-2030 (USD Billion)
- 9.2.3.2. India.: Asia Pacific Blockchain Technology Market, by Enterprise Size, 2018-2030 (USD Billion)
- 9.2.3.3. India.: Asia Pacific Blockchain Technology Market, by End-Use, 2018-2030 (USD Billion)
- 9.2.4. Asia Pacific Blockchain Technology Market - Malaysia
- 9.2.4.1. Malaysia: Asia Pacific Blockchain Technology Market, by Application, 2018-2030 (USD Billion)
- 9.2.4.2. Malaysia: Asia Pacific Blockchain Technology Market, by Enterprise Size, 2018-2030 (USD Billion)
- 9.2.4.3. Malaysia: Asia Pacific Blockchain Technology Market, by End-Use, 2018-2030 (USD Billion)
- 9.2.5. Asia Pacific Blockchain Technology Market - Japan
- 9.2.5.1. Japan: Asia Pacific Blockchain Technology Market, by Application, 2018-2030 (USD Billion)
- 9.2.5.2. JapanK: Asia Pacific Blockchain Technology Market, by Enterprise Size, 2018-2030 (USD Billion)
- 9.2.5.3. Japan: Asia Pacific Blockchain Technology Market, by End-Use, 2018-2030 (USD Billion)
- 9.2.6. Asia Pacific Blockchain Technology Market - Indonesia
- 9.2.6.1. Indonesia: Asia Pacific Blockchain Technology Market, by Application, 2018-2030 (USD Billion)
- 9.2.6.2. Indonesia: Asia Pacific Blockchain Technology Market, by Enterprise Size, 2018-2030 (USD Billion)
- 9.2.6.3. Indonesia: Asia Pacific Blockchain Technology Market, by End-Use, 2018-2030 (USD Billion)
- 9.2.7. Asia Pacific Blockchain Technology Market - South Korea
- 9.2.7.1. South Korea: Asia Pacific Blockchain Technology Market, by Application, 2018-2030 (USD Billion)
- 9.2.7.2. South Korea: Asia Pacific Blockchain Technology Market, by Enterprise Size, 2018-2030 (USD Billion)
- 9.2.7.3. South Korea: Asia Pacific Blockchain Technology Market, by End-Use, 2018-2030 (USD Billion)
- 9.2.8. Asia Pacific Blockchain Technology Market - Australia
- 9.2.8.1. Australia: Asia Pacific Blockchain Technology Market, by Application, 2018-2030 (USD Billion)
- 9.2.8.2. Australia: Asia Pacific Blockchain Technology Market, by Enterprise Size, 2018-2030 (USD Billion)
- 9.2.8.3. Australia: Asia Pacific Blockchain Technology Market, by End-Use, 2018-2030 (USD Billion)
- 9.2.9. Asia Pacific Blockchain Technology Market - Rest of Asia Pacific
- 9.2.9.1. Rest of Asia Pacific: Asia Pacific Blockchain Technology Market, by Application, 2018-2030 (USD Billion)
- 9.2.9.2. Rest of Asia Pacific: Asia Pacific Blockchain Technology Market, by Enterprise Size, 2018-2030 (USD Billion)
- 9.2.9.3. Rest of Asia Pacific: Asia Pacific Blockchain Technology Market, by End-Use, 2018-2030 (USD Billion)
10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. Antier Solutions Pvt. Ltd.
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Type Benchmarking
- 11.1.4. Recent Development
- 11.2. Blockchain Foundry
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Type Benchmarking
- 11.2.4. Recent Development
- 11.3. Circle Internet Financial Ltd.
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Type Benchmarking
- 11.3.4. Recent Development
- 11.4. Consensys
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Type Benchmarking
- 11.4.4. Recent Development
- 11.5. Deloitte Touche Tohmatsu Ltd.
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Type Benchmarking
- 11.5.4. Recent Development
- 11.6. Dragonchain
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Type Benchmarking
- 11.6.4. Recent Development
- 11.7. IBM Corp.
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Type Benchmarking
- 11.7.4. Recent Development
- 11.8. Infosys
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Type Benchmarking
- 11.8.4. Recent Development
- 11.9. Microsoft Corp
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Type Benchmarking
- 11.9.4. Recent Development
- 11.10. NTT Data
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Type Benchmarking
- 11.10.4. Recent Development
- 11.11. RecordsKeeper
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Type Benchmarking
- 11.11.4. Recent Development
- 11.12. Ripple
- 11.12.1. Company Overview
- 11.12.2. Financial Performance
- 11.12.3. Type Benchmarking
- 11.12.4. Recent Development
List of Tables
- Table 1 Asia Pacific Blockchain Technology Market, by Type, 2019-2032 (USD Billion)
- Table 2 Asia Pacific Blockchain Technology Market, by End-Use, 2019-2032 (USD Billion)
- Table 3 Asia Pacific Blockchain Technology Market, by Component, 2019-2032 (USD Billion)
- Table 4 Asia Pacific Blockchain Technology Market, by Enterprise Size, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Asia Pacific Blockchain Technology Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Countries
- Figure 5 Porter's Five Forces
- Figure 6 Market by Component
- Figure 7 Asia Pacific Blockchain Technology Market, by Component, 2021 & 2030 (USD Billion)
- Figure 8 Market by Type
- Figure 9 Asia Pacific Blockchain Technology Market, by Type, 2021 & 2030 (USD Billion)
- Figure 10 Market by Enterprise Size
- Figure 11 Asia Pacific Blockchain Technology Market, by Enterprise Size, 2021 & 2030 (USD Billion)
- Figure 11 Market by End-Use
- Figure 12 Asia Pacific Blockchain Technology Market, by End-Use, 2021 & 2030 (USD Billion)
- Figure 13 Asia Pacific Blockchain Technology Market Assessment, By Countries, 2019-2032 (USD Billion)
- Figure 14 Strategic Analysis - Asia Pacific Blockchain Technology Market
