Blockchain Market by Component (Services, Software & Platforms), Provider (Application & Solution Providers, Infrastructure & Protocols Providers, Middleware Providers), Organization Size, Industry, Application - Global Forecast 2024-2030

360iResearch Analyst
Want to know more about the blockchain market or any specific requirement? Ketan helps you find what you're looking for.
This free PDF includes market data points, ranging from trend analysis to market estimates & forecasts. See for yourself.

[185 Pages Report] The Blockchain Market size was estimated at USD 12.55 billion in 2023 and expected to reach USD 16.67 billion in 2024, at a CAGR 33.81% to reach USD 96.47 billion by 2030.

Blockchain Market
To learn more about this report, request a free PDF copy

Blockchain is a highly secure database shared across a network of computer systems that facilitates the process of recording transactions, tracking assets, and sharing transparent information in a business network. The rising need for secure, transparent, and quick transactions in supply chain management, retail, and financial services is raising the adoption of blockchain technology across the sectors owing to its multi-party, real-time tracking ability of price, date, location, bank guarantees, and letters of credit. Favorable government initiatives and increasing funding for real-time data analysis, enhanced visibility, and proactive maintenance is expanding the scope of blockchain. However, uncertain industry regulations, concerns regarding scalability issues, and a lack of skilled experts have been hampering the growth of blockchain technology. Moreover, investments by various end-user industries and the potential integration of blockchain technology with the Internet of Things (IoT) and artificial intelligence (AI) are expected to provide lucrative opportunities for the blockchain market.

Blockchain Market - Global Forecast 2024-2030
To learn more about this report, request a free PDF copy
Regional Insights

The development of independent and sustainable blockchain development by banks across Europe and the initiative of the European Parliament on crypto-assets tracking is expanding the scope of blockchain across Europe. The government initiatives to implement blockchain technologies in the government and administrative applications in the Middle East have been contributing to the growth of blockchain across the EMEA region. The ongoing initiatives of the U.S. government to develop its own digital currency are expected to create lucrative opportunities for blockchain companies across the Americas to grow. Moreover, the rising investments and initiatives of China, Japan, and India to develop blockchain systems for multiple applications, such as launching next-generation crypto projects and developing security exchange platforms, are fostering the scope for blockchain across the Asia-Pacific.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Blockchain Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Blockchain Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Bitgert Secures Significant Investment to Fuel it's Blockchain Development & Expansion Plans

    Investment in blockchain technology continues to soar as more companies see the potential of this exciting new market. BitGert, a blockchain-focused investment firm, secured a significant investment of USD 10 million in a funding round led by leading venture capital firms to fuel its blockchain development & expansion plans. This development reflects the growing interest in blockchain and its future potential as companies seek to leverage the benefits of secure, transparent, and decentralized technology. [Published On: 2023-04-17]

  • TourismX (TRMX) and Global Tourism Forum Announce Main Partnership Agreement to Drive Crypto and Blockchain Revolution for Tourism Industry

    TourismX (TRMX), the blockchain-based platform for the tourism industry, announced a new partnership with the Global Tourism Forum (GTF), an organization focused on promoting responsible and sustainable tourism practices and tourism investments worldwide. The partnership aims to drive the crypto and blockchain revolution for the tourism industry. Blockchain can enhance the customer experience, simplify booking and payment processes, and reduce fraud by providing a transparency and security to track transactions. [Published On: 2023-04-11]

  • Web3 Platform Chainlink Labs Inks Agreement with PwC

    Chainlink Labs, a company focused on connecting smart contracts to the external world, recently partnered with PricewaterhouseCoopers International Limited (PwC), one of the world's largest professional services firms. This collaboration shows the potential of blockchain technology to revolutionize industries beyond just finance and to bring greater transparency, security, and efficiency to digital systems. [Published On: 2023-03-29]

Key Company Profiles

The report delves into recent significant developments in the Blockchain Market, highlighting leading vendors and their innovative profiles. These include Accenture PLC, Accubits Technologies, Amazon Web Services, Inc., Appinventiv, BigchainDB GmbH, Bitfury Holding B.V., Cegeka NV, Chain by Stellar Development Foundation, Cognizant Technology Solutions Corporation, ConsenSys Software Inc., Digital Asset Holdings, LLC, Goldman Sachs, Hewlett Packard Enterprise Development LP, HIVE Blockchain Technologies Ltd., Huawei Cloud Computing Technologies Co., Ltd., Infosys Limited, Intel Corporation, International Business Machines Corporation, LeewayHertz, Microsoft Corporation, Oracle Corporation, PixelPlex Ltd., RSM US LLP., SAP SE, ScienceSoft USA Corporation, Suffescom Solutions Inc., Syncron Holding AB, TATA Consultancy Services Limited, ThinkSys Inc., TIBCO by Cloud Software Group, Inc., VMware, Inc. by Broadcom Inc., and Wipro Limited.

Market Segmentation & Coverage

This research report categorizes the Blockchain Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Component
    • Services
      • Development & Integration Services
      • Support & Maintenance
      • Technology Advisory & Consulting Services
    • Software & Platforms
  • Provider
    • Application & Solution Providers
    • Infrastructure & Protocols Providers
    • Middleware Providers
  • Organization Size
    • Large Enterprises
    • Small & Medium Enterprises
  • Industry
    • Aerospace & Defense
    • Automotive & Transportation
    • Banking, Financial Services & Insurance
    • Building, Construction & Real Estate
    • Consumer Goods & Retail
    • Education
    • Energy & Utilities
    • Government & Public Sector
    • Healthcare & Life Sciences
    • Manufacturing
    • Media & Entertainment
    • Telecommunication & Information Technology
    • Travel & Hospitality
  • Application
    • Cross-Border Payments and Settlements
    • Energy Settlements
    • Identity Management
    • Lot Lineage/Provenance
    • Property Ownership Management
    • Supply Chain Management
    • Trade Finance & Post-Trade Settlements

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Blockchain Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Blockchain Market?
  3. What are the technology trends and regulatory frameworks in the Blockchain Market?
  4. What is the market share of the leading vendors in the Blockchain Market?
  5. Which modes and strategic moves are suitable for entering the Blockchain Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Blockchain Market, by Component
  7. Blockchain Market, by Provider
  8. Blockchain Market, by Organization Size
  9. Blockchain Market, by Industry
  10. Blockchain Market, by Application
  11. Americas Blockchain Market
  12. Asia-Pacific Blockchain Market
  13. Europe, Middle East & Africa Blockchain Market
  14. Competitive Landscape
  15. Competitive Portfolio
  16. List of Figures [Total: 26]
  17. List of Tables [Total: 580]
  18. List of Companies Mentioned [Total: 32]
The Potential Integration of Blockchain Technology with AI and IoT
July 16, 2023
The Potential Integration of Blockchain Technology with AI and IoT
The world is evolving into a more advanced technological era every day, and the integration of Artificial Intelligence (AI) and the Internet of Things (IoT) is one of the most significant advancements. With the adoption of digital technologies comes the need for secure online transactions, and Blockchain technology is one of the solutions to be considered. Combining Blockchain with AI and IoT is now an interest to many researchers and industries, likely to change the world as we know it. This blog will discuss the upcoming potential integration of Blockchain Technology with AI and IoT.

Blockchain is a distributed ledger technology that is secure, decentralized, and immutable. Combined with AI, it can provide a more transparent and reliable network regarding smart contracts and data sharing. Smart contracts are used to execute contractual algorithms, and the combination of Blockchain and AI can improve the effectiveness of these contracts. Blockchain technology and AI can also be used for more efficient supply chain management, logistics, and transportation. Blockchain can offer secure records and logistics data, while AI can analyze the processes for better operational efficiency.

Integration of Blockchain and the Internet of Things can create a more secure network. IoT devices generate a lot of data, making them prone to security threats. Blockchain technology can help with identity and data management, ensuring greater security and a more efficient data exchange in a secure environment. The integration can also help address data sharing and eliminate the need for third-party intermediaries. By integrating these technologies, new opportunities, such as the development of autonomous IoT devices that can make decisions based on smart contracts, can also arise.

One of the biggest concerns of AI and IoT is data breaches, which could hinder innovation in these areas. Blockchain can help to prevent data tampering, and its secure encryption can protect sensitive data. Blockchain can benefit IoT by providing an infrastructure for more efficient data-sharing networks, which lowers the costs, time, and other resources that IoT networks consume. It can also help IoT to provide descriptive analytics on various datasets using AI algorithms, thereby enhancing the operational efficiency of the IoT networks.

Integrating Blockchain with AI and IoT can lead to substantial improvements in real-life situations such as healthcare, agriculture, and other fields. For instance, in the case of healthcare, the integration can help to maintain electronic patient records more efficiently and securely, reducing the costs and time required for sharing and exchanging information. Similarly, combining Blockchain technology with IoT and AI in agriculture can optimize crop yield and more efficiently transmit products worldwide while reducing costs and promoting transparency in the supply chain.

Integrating Blockchain technology with AI and IoT is an innovative and attractive way to advance technology. The potentials are visible across many industries, offering increased efficiency, security, and transparency. The integration creates more benefits than just trust between machines, as it helps real-world situations faster and more efficiently.

Frequently Asked Questions
  1. How big is the Blockchain Market?
    Ans. The Global Blockchain Market size was estimated at USD 12.55 billion in 2023 and expected to reach USD 16.67 billion in 2024.
  2. What is the Blockchain Market growth?
    Ans. The Global Blockchain Market to grow USD 96.47 billion by 2030, at a CAGR of 33.81%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
  4. In what format does this report get delivered to me?
    Ans. We will send you an email with login credentials to access the report. You will also be able to download the pdf and excel.
  5. How long has 360iResearch been around?
    Ans. We are approaching our 7th anniversary in 2024!
  6. What if I have a question about your reports?
    Ans. Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available and included in every purchase to help our customers find the research they need-when they need it.
  7. Can I share this report with my team?
    Ans. Absolutely yes, with the purchase of additional user licenses.
  8. Can I use your research in my presentation?
    Ans. Absolutely yes, so long as the 360iResearch cited correctly.