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Market Research Report
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1095216

Global Blockchain Market, By Component, By Type, By Application, & By Region- Forecast and Analysis 2022-2028

Published: | SkyQuest Technology Consulting Pvt. Ltd. | 127 Pages | Delivery time: 1-2 business days

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Global Blockchain Market, By Component, By Type, By Application, & By Region- Forecast and Analysis 2022-2028
Published: May 9, 2022
SkyQuest Technology Consulting Pvt. Ltd.
Content info: 127 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents

The Global Blockchain Market was valued at USD 4.56 Billion in 2021, and it is expected to reach a value of USD 117.77 Billion by 2028, at a CAGR of more than 59.12% over the forecast period (2022 - 2028). The global blockchain market is rapidly growing and is expected to continue to do so in the future years, due to the expanding number of innovations and consumer awareness of the benefits of employing blockchain technology is expected to propel the industry forward in the near future. The key aspects driving the growth of the global blockchain market include the adoption of blockchain technology across BFSI, healthcare, media and entertainment, and many others.

Wide acceptance of blockchain solutions for payment, digital identities, and smart contracts are also among some of the prospects that drive the industry growth during the forecast period. The increased venture capital investing in blockchain technology startups can also be attributed to the market's growth. Blockchain technology witnessed significant growth after the advent of Bitcoin, and it is now being used by various financial institutions for transactions. In the last two to three years, blockchain technology solutions have gained in popularity for a variety of commercial applications, including payments, exchanges, documentation, and many others. Many startups such as Blockpoint, Auxesis Group, Symbiont, SpinSys, Bitfury, Neufund, Fetch.AI, Confirm, Genomes, QubiTech, and CiveQ among others have entered the market and begun developing blockchain-based solutions

Top-down and bottom-up approaches were used to estimate and validate the size of the global blockchain market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Aspects covered in this report:

The global blockchain market is segmented on the basis of component, type and application. Based on the component, the market is segmented as platform and services. Based on the type, the market is segmented as public, private, and hybrid. Whereas, based on the applications, the market is segmented as Food & Agriculture, Transportation & Logistics, Manufacturing, Energy & Utilities, Healthcare & Life Sciences, Media & Entertainment, BFSI, Retail & E-Commerce, IT & Telecom, and Others.

Driver

  • The legalization of cryptocurrencies is considered a major factor driving industry growth forwards, as companies and investors are more likely to invest in blockchain technology. Legalized cryptocurrencies also push market participants to put in more effort to improve their services in order to acquire a competitive advantage. In the near future, these companies' efforts are projected to make blockchain technology more effective and efficient. DeFi is a new financial system based on blockchain that aims to reduce banks' influence over financial services and money. Over the forecast period, market growth is also expected to be driven by increased strategic initiatives in the decentralized financial domain. For example, Square, a payment company, said in July 2021 that it is developing a DeFi business using bitcoin. Thus, such activities are likely to aid the industry growth during the forecast period.

Restraint

  • An uncertain regulatory and compliance environment is one of the major factors that hinder market growth. Some governments have outlawed the use of initial coin offerings (ICOs). One of the most difficult aspects of modernizing transaction systems is regulatory acceptance; which is hindering market growth. With the rapid advancement of technology, regulatory agencies must evaluate what gaps exist in current regulations and how they affect total technological applications. Financial institutions from all across the world are collaborating to develop blockchain technology standards; which might influence market growth.

Key Market Trends

  • The rapid digitalization of the banking and finance industries has resulted in significant growth in the blockchain technology market. Digital India and other government efforts aimed at boosting digitization in the BFSI sector could serve as growth pillars for the blockchain technology market. The significant adoption of blockchain technology across healthcare and media & entertainment also enacts as major growth pillars for the global blockchain market.
  • The blockchain technology sector has seen an influx of investments from a variety of investors and companies, which is projected to result in enormous market growth. The large number of collaborations, partnerships, joint ventures, mergers, and acquisitions that have taken place in the blockchain technology industry is proven to be a substantial growth multiplier.
  • Various venture capital companies including NGC Ventures, Digital Currency Group, Fenbushi Capital, Pantera Capital, Node Capital, Blockchain Capital, Coinbase Ventures, Andreessen Horowitz, and IDG Capital among others are some of the top venture capital companies that invested in blockchain technology solutions. This thus contributes to the growth of the market
Product Code: SQMG45F2001

Table of Contents

Executive Summary

Market overview

  • Exhibit: Executive Summary - Chart on Market Overview
  • Exhibit: Executive Summary - Data Table on Market Overview
  • Exhibit: Executive Summary - Chart on Global Blockchain Market Characteristics
  • Exhibit: Executive Summary - Chart on Market by Geography
  • Exhibit: Executive Summary - Chart on Market Segmentation
  • Exhibit: Executive Summary - Chart on Incremental Growth
  • Exhibit: Executive Summary - Data Table on Incremental Growth
  • Exhibit: Executive Summary - Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy-scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Blockchain Market size and forecast 2021-2028 ($ Billion)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2028 ($ Billion)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Global Blockchain Market by Component

  • Market segments
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Data table on Market share 2021-2028 (%)
  • Platform
    • Market Estimates & Forecast, 2021-2028
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Services
    • Market Estimates & Forecast, 2021-2028
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)

Global Blockchain Market by Type

  • Market segments
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Data table on Market share 2021-2028 (%)
  • Public
    • Market Estimates & Forecast, 2021-2028
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Private
    • Market Estimates & Forecast, 2021-2028
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Hybrid
    • Market Estimates & Forecast, 2021-2028
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)

Global Blockchain Market by Application

  • Market segments
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Data table on Market share 2021-2028 (%)
  • Food & Agriculture
    • Market Estimates & Forecast, 2021-2028
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Transportation & Logistics
    • Market Estimates & Forecast, 2021-2028
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Manufacturing
    • Market Estimates & Forecast, 2021-2028
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Energy & Utilities
    • Market Estimates & Forecast, 2021-2028
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Healthcare & Life Sciences
    • Market Estimates & Forecast, 2021-2028
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Media & Entertainment
    • Market Estimates & Forecast, 2021-2028
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • BFSI
    • Market Estimates & Forecast, 2021-2028
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Retail & E-Commerce
    • Market Estimates & Forecast, 2021-2028
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • IT & Telecom
    • Market Estimates & Forecast, 2021-2028
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Others
    • Market Estimates & Forecast, 2021-2028
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)

Market Size by Region

  • Chart on Market share by geography 2021-2028 (%)
  • Data Table on Market share by geography 2021-2028(%)
  • North America
    • Chart on Market share by country 2021-2028 (%)
    • Data Table on Market share by country 2021-2028(%)
    • USA
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
    • Canada
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Europe
    • Chart on Market share by country 2021-2028 (%)
    • Data Table on Market share by country 2021-2028(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
    • Spain
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
    • France
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
    • UK
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Asia Pacific
    • Chart on Market share by country 2021-2028 (%)
    • Data Table on Market share by country 2021-2028(%)
    • China
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
    • India
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
    • Japan
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
    • South Korea
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Latin America
    • Chart on Market share by country 2021-2028 (%)
    • Data Table on Market share by country 2021-2028(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2028 (%)
    • Data Table on Market share by country 2021-2028(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
    • South Africa
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2028 (%)
      • Exhibit: Market size and forecast 2021-2028 ($ Billion)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)
  • IBM Corp. (US)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • AWS Inc. (US)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • SAP SE (Germany)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Intel Corp. (US)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Oracle Corp. (US)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Huawei Technologies (China)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Accenture Plc (Ireland)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Wipro Ltd. (India)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Bitfury (The Netherlands)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Infosys Ltd. (India)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • BlockCypher (US)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments