Blockchain Market Forecast to 2028

Blockchain Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solutions and Services), Application (Payments, Exchanges, Smart Contracts, Documentation, Digital Identity, Governance, Risk and Compliance, and Others), and Industry Vertical (BFSI, Retail, Government, Transportation and Logistics, Healthcare, Automotive, Media and Entertainment, and Others)

Report Code : TIPTE100002172 | Region : Global | Industry : Technology, Media and Telecommunications | Published Date : 31/Jan/2022

The global blockchain market is expected to grow from US$ 4,935.0 million in 2021 to US$ 227,996.6 million by 2028; it is estimated to grow at a CAGR of 72.9% from 2021 to 2028.

Post the financial crisis in 2008, Bitcoin and other cryptocurrencies entered the financial sector and gradually gained a lot of prominence. However, with recent developments and uncertainties crowding the cryptocurrency space, its future is unclear. While the future cryptocurrency is still speculative, the underlying technology Blockchain has emerged as a prime technology with huge potential to open many opportunities across various industries. The Blockchain market's popularity is growing exponentially with successful use cases in various industries, ranging from BFSI to media and entertainment.

In terms of technology adoption and use cases, the BFSI industry is leading the market worldwide. Blockchain solutions are being implemented in payments, remittances, identity management, fund processing, dispute management, risk management, and many other applications. The BFSI sector has been held back due to limitations and obsolete aspects of the mainframe computing technology; however, with the BFSI industry moving into the advanced age of real-time transaction processing, Blockchain is a principal facilitating technology. This technology has become progressively attractive to the BFSI sector for its tamper-proof ledger. With big market players such as IBM, Accenture, and Microsoft, more Blockchain solutions are being implemented across major banks and insurance companies.

When it comes to Blockchain solution providers, IBM holds a prominent place in the market. The company provides a Blockchain platform for various industries. For instance, with the help of IBM's Blockchain platform, banks can create secure, low-cost, and high-volume cross-border payments. There are numerous examples of the successful implementation of Blockchain in the BFSI sector worldwide. Aeternity, Inc. provides a Blockchain platform that can be used for any application that requires high transactional speed, including smart contracts.

With an increasing number of well-established market players and startups entering the BFSI Blockchain market, it is expected that the BFSI segment will drive the Blockchain market during the forecast period.

North America is among the worst-hit regions by COVID-19. The US, Canada, and Mexico have witnessed a significant rise in the number of COVID-19 infected patients. The Blockchain market is projected to provide several security features, including decentralization, encryption, and cryptography, to safeguard healthcare industry privacy following the outbreak of COVID-19. The COVID-19 pandemic has resulted in a surge in eCommerce demand. Technologies such AI, ML, and Blockchain are beginning to drive company innovation initiatives to function successfully in a pandemic, fueling the adoption of BaaS solutions among SMEs. Following the onset of the COVID-19 pandemic, businesses are using fintech and blockchain technologies to streamline and modernize their operations. This could lead to a rise in the number of companies offering contactless transactions and revamped financial services. The pharmaceutical business is likely to benefit from the blockchain market. The technique is being hailed to overcome the logistical difficulties of administering the COVID-19 vaccination. Blockchain is being utilized to ensure the correct distribution of the COVID-19 vaccine and maintain the track of vaccine maintenance and storage.

The overall Blockchain market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Blockchain market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Blockchain market. The key companies operating in the field of Blockchain market that are profiled in the report include IBM Corporation, Microsoft Corporation, Accenture, Amazon Web Services, SAP Se, Hewlett Packard Enterprise Development LP (HPE), Oracle Corporation, Intel Corporation, Ripple, and Bitfury Group.

According to our latest market study on "Blockchain Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Component, Application, and Industry Vertical," the market was valued at US$ 4,935.0 million in 2021 and is projected to reach US$ 227,996.6 million by 2028; it is expected to grow at a CAGR of 72.9% from 2021 to 2028.

Post the financial crisis in 2008, Bitcoin and other cryptocurrencies entered the financial sector and gradually gained a lot of prominence. However, with recent developments and uncertainties crowding the cryptocurrency space, its future is unclear. While the future cryptocurrency is still speculative, the underlying technology Blockchain has emerged as a prime technology with huge potential to open many opportunities across various industries. The popularity of Blockchain is growing at an exponential rate with successful use cases in various industries, ranging from BFSI to media and entertainment.

In terms of technology adoption and use cases, the BFSI industry is leading the market worldwide. Blockchain solutions are being implemented in payments, remittances, identity management, fund processing, dispute management, risk management, and many other applications. The BFSI sector has been held back due to limitations and obsolete aspects of the mainframe computing technology; however, with the BFSI industry moving into the advanced age of real-time transaction processing, Blockchain is a principal facilitating technology. This technology has become progressively attractive to the BFSI sector for its tamper-proof ledger. With big market players such as IBM, Accenture, and Microsoft, more and more Blockchain solutions are being implemented across major banks and insurance companies.

When it comes to Blockchain solution providers, IBM holds a prominent place in the market. The company provides a Blockchain platform for various industries. For instance, with the help of IBM's Blockchain platform, banks can create secure, low-cost, and high-volume cross-border payments. There are numerous examples of the successful implementation of Blockchain in the BFSI sector worldwide. For instance, Accenture, Inc. offers Blockchain solutions for its insurance customers. It transforms strategic insurance industry processes into Blockchain-ready processes that embed trust into the system. Ripple Labs, Inc. is a payment solution provider that connects banks, payment providers, digital asset exchanges, and corporations to allow instant, on-demand payment globally. Aeternity, Inc. provides a Blockchain platform that can be used for any application that requires high transactional speed, including smart contracts.

With an increasing number of well-established market players and startups entering the BFSI Blockchain market, it is expected that the BFSI segment will drive the Blockchain market during the forecast period.

Impact of COVID-19 Pandemic on Global Blockchain Market

The COVID-19 pandemic has had a negative impact on all aspects of society, including individuals and corporations. The internet ecosystem has become increasingly important around the world. The reliance on online enterprises has expanded dramatically due to the COVID-19 outbreak. The internet is being used by BFSI, healthcare and life sciences, manufacturing, retail, transportation and logistics, and other industries to provide critical services to consumers. The demand for a Blockchain system has surged among vendors. Various governments and regulatory agencies have forced both public and private organizations to accept new techniques of teleworking and preserving social distance in the wake of the COVID-19 pandemic. Since then, digital business practices and the use of emails on home servers have become the new business continuity plan (BCP) for a variety of enterprises. With the increased usage of mobile devices and internet penetration worldwide, people are becoming more interested in using Blockchain. Organizations have become more vulnerable to privacy problems due to changing patterns and scattered IT architectures, fueling the demand for blockchain solutions during the COVID-19 outbreak.

Key Findings of Study:

Based on component, the blockchain market is bifurcated into solution and services. In 2021, the solution segment led the market and accounted for a larger market share. Based on application, the market is segmented into payments, exchanges, smart contracts, documentation, digital identity, governance, risk and compliance, and others. In 2021, the payments segment led the market and accounted for the largest market share. Based on industry vertical, the blockchain market is categorized into BFSI, retail, government, transportation and logistics, healthcare, automotive, media and entertainment, and others. In 2021, the BFSI segment led the market and accounted for the largest market share. Geographically, the blockchain market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). In 2021, North America accounted for a significant share of the global blockchain market.

TABLE OF CONTENTS

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Global Blockchain Market – By Component

1.3.2 Global Blockchain Market – By Application

1.3.3 Global Blockchain Market – By Industry Vertical

1.3.4 Global Blockchain Market – By Geography

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Blockchain Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.2.2 Europe

4.2.3 APAC

4.2.4 MEA

4.2.5 SAM

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Blockchain Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Extensive Adoption of Blockchain Solutions in BFSI Industry Vertical

5.1.2 High Transparency and Operational Efficiency with Substantial Cost Savings

5.1.3 Increase in Innovative Start-ups Worldwide

5.2 MARKET RESTRAINTS

5.2.1 Data Privacy, Confidentiality, and Security Concerns

5.2.2 Unclear Regulatory Environment

5.2.3 Interoperability, Scalability, and Sustainability Challenges

5.3 MARKET OPPORTUNITIES

5.3.1 Rising Government Support and Initiatives Worldwide

5.3.2 Increasing Demand for Blockchain-as-a-Service Due to COVID-19 Pandemic

5.4 FUTURE TRENDS

5.4.1 Combination of Blockchain and Artificial Intelligence for Advanced Applications

5.4.2 Application of Blockchain in Vaccine Manufacture and Tracking

5.5 Impact Analysis of Drivers and Restraints

6. Blockchain Market – Global Market Analysis

6.1 Global Blockchain Market Overview

6.2 Global Blockchain Market Forecast and Analysis

6.3 Market Positioning- Top Five Players

7. Blockchain Market – By Component

7.1 Overview

7.2 Blockchain Market , by Component (2020 and 2028)

7.3 Services

7.3.1 Overview

7.3.2 Services: Blockchain Market– Revenue and Forecast to 2028 (US$ Million)

7.4 Solution

7.4.1 Overview

7.4.2 Solution: Blockchain Market– Revenue and Forecast to 2028 (US$ Million)

8. Blockchain Market – By Application

8.1 Overview

8.2 Blockchain Market, by Application(2020 and 2028)

8.3 Payments

8.3.1 Overview

8.3.2 Payments: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Exchanges

8.4.1 Overview

8.4.2 Exchanges: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Smart Contracts

8.5.1 Overview

8.5.2 Smart Contracts: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Documentation

8.6.1 Overview

8.6.2 Documentation: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

8.7 Digital Identity

8.7.1 Overview

8.7.2 Digital Identity: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

8.8 Governance, Risk and Compliance

8.8.1 Overview

8.8.2 Governance, Risk and Compliance: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

8.9 Others

8.9.1 Overview

8.9.2 Others: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

9. Blockchain Market – By Industry Vertical

9.1 Overview

9.2 Blockchain Market, by Industry Vertical(2020 and 2028)

9.3 BFSI

9.3.1 Overview

9.3.2 BFSI: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Retail

9.4.1 Overview

9.4.2 Retail: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

9.5 Government

9.5.1 Overview

9.5.2 Government: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

9.6 Transportation and Logistics

9.6.1 Overview

9.6.2 Transportation and Logistics: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

9.7 Healthcare

9.7.1 Overview

9.7.2 Healthcare: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

9.8 Automotive

9.8.1 Overview

9.8.2 Automotive: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

9.9 Media and Entertainment

9.9.1 Overview

9.9.2 Media and Entertainment: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

9.10 Others

9.10.1 Overview

9.10.2 Others: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

10. Blockchain Market – Geographic Analysis

10.1 Overview

10.2 North America: Blockchain Market

10.2.1 Overview

10.2.2 North America Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.2.3 North America Blockchain Market Breakdown, By Component

10.2.4 North America Blockchain Market Breakdown, By Application

10.2.5 North America Blockchain Market Breakdown, By Industry Vertical

10.2.6 North America Blockchain Market Breakdown, by Country

10.2.6.1 US Blockchain Market, Revenue and Forecast to 2028

10.2.6.1.1 US Blockchain Market Breakdown, By Component

10.2.6.1.2 US Blockchain Market Breakdown, By Application

10.2.6.1.3 US Blockchain Market Breakdown, By Industry Vertical

10.2.6.2 Canada Blockchain Market, Revenue and Forecast to 2028

10.2.6.2.1 Canada Blockchain Market Breakdown, By Component

10.2.6.2.2 Canada Blockchain Market Breakdown, By Application

10.2.6.2.3 Canada Blockchain Market Breakdown, By Industry Vertical

10.2.6.3 Mexico Blockchain Market, Revenue and Forecast to 2028

10.2.6.3.1 Mexico Blockchain Market Breakdown, By Component

10.2.6.3.2 Mexico Blockchain Market Breakdown, By Application

10.2.6.3.3 Mexico Blockchain Market Breakdown, By Industry Vertical

10.3 Europe: Blockchain Market

10.3.1 Overview

10.3.2 Europe Blockchain Market Revenue and Forecast to 2028 (US$ million)

10.3.3 Europe Blockchain Market Breakdown, By Component

10.3.4 Europe Blockchain Market Breakdown, By Application

10.3.5 Europe Blockchain Market Breakdown, By Industry Vertical

10.3.6 Europe Blockchain Market Breakdown, by Country

10.3.6.1 Germany Blockchain Market, Revenue and Forecast to 2028

10.3.6.1.1 Germany Blockchain Market Breakdown, By Component

10.3.6.1.2 Germany Blockchain Market Breakdown, By Application

10.3.6.1.3 Germany Blockchain Market Breakdown, By Industry Vertical

10.3.6.2 France Blockchain Market, Revenue and Forecast to 2028

10.3.6.2.1 France Blockchain Market Breakdown, By Component

10.3.6.2.2 France Blockchain Market Breakdown, By Application

10.3.6.2.3 France Blockchain Market Breakdown, By Industry Vertical

10.3.6.3 Italy Blockchain Market, Revenue and Forecast to 2028

10.3.6.3.1 Italy Blockchain Market Breakdown, By Component

10.3.6.3.2 Italy Blockchain Market Breakdown, By Application

10.3.6.3.3 Italy Blockchain Market Breakdown, By Industry Vertical

10.3.6.4 UK Blockchain Market, Revenue and Forecast to 2028

10.3.6.4.1 UK Blockchain Market Breakdown, By Component

10.3.6.4.2 UK Blockchain Market Breakdown, By Application

10.3.6.4.3 UK Blockchain Market Breakdown, By Industry Vertical

10.3.6.5 Russia Blockchain Market, Revenue and Forecast to 2028

10.3.6.5.1 Russia Blockchain Market Breakdown, By Component

10.3.6.5.2 Russia Blockchain Market Breakdown, By Application

10.3.6.5.3 Russia Blockchain Market Breakdown, By Industry Vertical

10.3.6.6 Rest of Europe Blockchain Market, Revenue and Forecast to 2028

10.3.6.6.1 Rest of Europe Blockchain Market Breakdown, By Component

10.3.6.6.2 Rest of Europe Blockchain Market Breakdown, By Application

10.3.6.6.3 Rest of Europe Blockchain Market Breakdown, By Industry Vertical

10.4 APAC: Blockchain Market

10.4.1 Overview

10.4.2 APAC Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.4.3 APAC Blockchain Market Breakdown, By Component

10.4.4 APAC Blockchain Market Breakdown, By Application

10.4.5 APAC Blockchain Market Breakdown, By Industry Vertical

10.4.6 APAC Blockchain Market Breakdown, by Country

10.4.6.1 Australia Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.4.6.1.1 Australia Blockchain Market Breakdown, By Component

10.4.6.1.2 Australia Blockchain Market Breakdown, By Application

10.4.6.1.3 Australia Blockchain Market Breakdown, By Industry Vertical

10.4.6.2 China Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.4.6.2.1 China Blockchain Market Breakdown, By Component

10.4.6.2.2 China Blockchain Market Breakdown, By Application

10.4.6.2.3 China Blockchain Market Breakdown, By Industry Vertical

10.4.6.3 India Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.4.6.3.1 India Blockchain Market Breakdown, By Component

10.4.6.3.2 India Blockchain Market Breakdown, By Application

10.4.6.3.3 India Blockchain Market Breakdown, By Industry Vertical

10.4.6.4 Japan Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.4.6.4.1 Japan Blockchain Market Breakdown, By Component

10.4.6.4.2 Japan Blockchain Market Breakdown, By Application

10.4.6.4.3 Japan Blockchain Market Breakdown, By Industry Vertical

10.4.6.5 South Korea Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.4.6.5.1 South Korea Blockchain Market Breakdown, By Component

10.4.6.5.2 South Korea Blockchain Market Breakdown, By Application

10.4.6.5.3 South Korea Blockchain Market Breakdown, By Industry Vertical

10.4.6.6 Rest of APAC Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.4.6.6.1 Rest of APAC Blockchain Market Breakdown, By Component

10.4.6.6.2 Rest of APAC Blockchain Market Breakdown, By Application

10.4.6.6.3 Rest of APAC Blockchain Market Breakdown, By Industry Vertical

10.5 MEA: Blockchain Market

10.5.1 Overview

10.5.2 MEA Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.5.3 MEA Blockchain Market Breakdown, By Component

10.5.4 MEA Blockchain Market Breakdown, By Application

10.5.5 MEA Blockchain Market Breakdown, By Industry Vertical

10.5.6 MEA Blockchain Market Breakdown, By Country

10.5.6.1 Saudi Arabia Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.5.6.1.1 Saudi Arabia Blockchain Market Breakdown, By Component

10.5.6.1.2 Saudi Arabia Blockchain Market Breakdown, By Application

10.5.6.1.3 Saudi Arabia Blockchain Market Breakdown, By Industry Vertical

10.5.6.2 UAE Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.5.6.2.1 UAE Blockchain Market Breakdown, By Component

10.5.6.2.2 UAE Blockchain Market Breakdown, By Application

10.5.6.2.3 UAE Blockchain Market Breakdown, By Application

10.5.6.3 South Africa Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.5.6.3.1 South Africa Blockchain Market Breakdown, By Component

10.5.6.3.2 South Africa Blockchain Market Breakdown, By Application

10.5.6.3.3 South Africa Blockchain Market Breakdown, By Application

10.5.6.4 Rest of MEA Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.5.6.4.1 Rest of MEA Blockchain Market Breakdown, By Component

10.5.6.4.2 Rest of MEA Blockchain Market Breakdown, By Application

10.5.6.4.3 Rest of MEA Blockchain Market Breakdown, By Industry Vertical

10.6 SAM: Blockchain Market

10.6.1 Overview

10.6.2 SAM Blockchain Market, Revenue and Forecast to 2028 (US$ million)

10.6.3 SAM Blockchain Market Breakdown, By Component

10.6.4 SAM Blockchain Market Breakdown, By Application

10.6.5 SAM Blockchain Market Breakdown, By Industry Vertical

10.6.6 SAM Blockchain Market Breakdown, by Country

10.6.6.1 Brazil Blockchain Market, Revenue and Forecast to 2028

10.6.6.1.1 Brazil Blockchain Market Breakdown, By Component

10.6.6.1.2 Brazil Blockchain Market Breakdown, By Application

10.6.6.1.3 Brazil Blockchain Market Breakdown, By Industry Vertical

10.6.6.2 Argentina Blockchain Market, Revenue and Forecast to 2028

10.6.6.2.1 Argentina Blockchain Market Breakdown, By Component

10.6.6.2.2 Argentina Blockchain Market Breakdown, By Application

10.6.6.2.3 Argentina Blockchain Market Breakdown, By Industry Vertical

10.6.6.3 Rest of SAM Blockchain Market, Revenue and Forecast to 2028

10.6.6.3.1 Rest of SAM Blockchain Market Breakdown, By Component

10.6.6.3.2 Rest of SAM Blockchain Market Breakdown, By Application

10.6.6.3.3 Rest of SAM Blockchain Market Breakdown, By Industry Vertical

11. Impact of COVID-19 Pandemic on Blockchain Market

11.1 Overview

11.2 Impact of COVID-19 Pandemic on Global Blockchain Market

11.2.1 North America

11.2.2 Europe

11.2.3 Asia-Pacific

11.2.4 Middle East & Africa

11.2.5 South America

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 New Product Development

12.4 Merger and Acquisition

13. Company Profiles

13.1 IBM Corporation

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Microsoft Corporation

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Accenture

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Amazon Web Services

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 SAP SE

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Bitfury Group Limited

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Ripple Labs Inc.

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 Hewlett Packard Enterprise Development LP (HPE)

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Oracle Corporation

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 Intel Corporation

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Glossary

LIST OF TABLES.

Table 1. Global Blockchain Market, Revenue and Forecast, 2019–2028 (US$ Mn)

Table 2. North America Blockchain Market, Revenue and Forecast To 2028 – By Component (US$ million)

Table 3. North America Blockchain Market, Revenue and Forecast To 2028 – By Application (US$ million)

Table 4. North America Blockchain Market, Revenue and Forecast To 2028 – By Industry Vertical(US$ million)

Table 5. North America Blockchain Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 6. US Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 7. US Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 8. US Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 9. Canada Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 10. Canada Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 11. Canada Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 12. Mexico Blockchain Market Breakdown, By Component

Table 13. Mexico Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 14. Mexico Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 15. Europe Blockchain Market, Revenue and Forecast To 2028 – By Component (US$ million)

Table 16. Europe Blockchain Market, Revenue and Forecast To 2028 – By Application (US$ million)

Table 17. Europe Blockchain Market, Revenue and Forecast To 2028 – By Industry Vertical (US$ million)

Table 18. Europe Blockchain Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 19. Germany Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 20. Germany Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 21. Germany Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 22. France Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 23. France Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 24. France Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 25. Italy Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 26. Italy Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 27. Italy Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 28. UK Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 29. UK Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 30. UK Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 31. Russia Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 32. Russia Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 33. Russia Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 34. Rest of Europe Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 35. Rest of Europe Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 36. Rest of Europe Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 37. APAC Blockchain Market, Revenue and Forecast To 2028 – By Component (US$ million)

Table 38. APAC Blockchain Market, Revenue and Forecast To 2028 – By Application (US$ million)

Table 39. APAC Blockchain Market, Revenue and Forecast To 2028 – By Industry Vertical (US$ million)

Table 40. APAC Blockchain Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 41. Australia Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 42. Australia Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 43. Australia Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 44. China Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 45. China Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 46. China Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 47. India Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 48. India Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 49. India Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 50. Japan Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 51. Japan Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 52. Japan Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 53. South Korea Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 54. South Korea Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 55. South Korea Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 56. Rest of APAC Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 57. Rest of APAC Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 58. Rest of APAC Blockchain Market, Revenue and Forecast to 2028 – By Vertical (US$ million)

Table 59. MEA Blockchain Market, Revenue and Forecast To 2028 – By Component (US$ million)

Table 60. MEA Blockchain Market, Revenue and Forecast To 2028 – By Application (US$ million)

Table 61. MEA Blockchain Market, Revenue and Forecast To 2028 – By Industry Vertical (US$ million)

Table 62. MEA Blockchain Market, Revenue and Forecast to 2028 – By Country (US$ million)

Table 63. Saudi Arabia Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 64. Saudi Arabia Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 65. Saudi Arabia Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 66. UAE Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 67. UAE Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 68. UAE Blockchain Market, Revenue and Forecast to 2028 – By Application(US$ million)

Table 69. South Africa Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 70. South Africa Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 71. South Africa Blockchain Market, Revenue and Forecast to 2028 – By Application(US$ million)

Table 72. Rest of MEA Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 73. Rest of MEA Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 74. Rest of MEA Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 75. SAM Blockchain Market, Revenue and Forecast To 2028 – By Component (US$ million)

Table 76. SAM Blockchain Market, Revenue and Forecast To 2028 – By Application (US$ million)

Table 77. SAM Blockchain Market, Revenue and Forecast To 2028 – By Industry Vertical (US$ million)

Table 78. SAM Blockchain Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 79. Brazil Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 80. Brazil Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 81. Brazil Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 82. Argentina Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 83. Argentina Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 84. Argentina Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 85. Rest of SAM Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)

Table 86. Rest of SAM Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 87. Rest of SAM Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)

Table 88. Glossary of Terms, Blockchain Market

LIST OF FIGURES.

Figure 1. Blockchain Market Segmentation

Figure 2. Blockchain Market Segmentation – Geography

Figure 3. Blockchain Market Overview

Figure 4. Blockchain Market, By Component

Figure 5. Blockchain Market, By Application

Figure 6. Blockchain Market, By Industry Vertical

Figure 7. Blockchain Market, By Region

Figure 8. North America: PEST Analysis

Figure 9. Europe: PEST Analysis

Figure 10. APAC: PEST Analysis

Figure 11. MEA: PEST Analysis

Figure 12. SAM: PEST Analysis

Figure 13. Blockchain Market Ecosystem Analysis

Figure 14. Expert Opinion

Figure 15. Blockchain Market Impact Analysis of Drivers and Restraints

Figure 16. Global Blockchain Market

Figure 17. Global Blockchain Market, Forecast and Analysis (US$ Mn)

Figure 18. Market Positioning- Top Five Players

Figure 19. Blockchain Market Revenue Share, by Component (2020 and 2028)

Figure 20. Services: Blockchain Market– Revenue and Forecast to 2028 (US$ Million)

Figure 21. Solution: Blockchain Market– Revenue and Forecast to 2028 (US$ Million)

Figure 22. Blockchain Market Revenue Share, by Application(2020 and 2028)

Figure 23. Payments: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. Exchanges: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. Smart Contracts: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. Documentation: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. Digital Identity: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Governance, Risk, and Compliance: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Others: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Blockchain Market Revenue Share, by Industry Vertical(2020 and 2028)

Figure 31. BFSI: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Retail: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. Government: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34. Transportation and Logistics: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35. Healthcare: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 36. Automotive: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37. Media and Entertainment: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 38. Others: Blockchain Market – Revenue and Forecast to 2028 (US$ Million)

Figure 39. Global Blockchain Market Breakdown, by Region, 2020 & 2028 (%)

Figure 40. North America Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 41. North America Blockchain Market Breakdown, By Component, 2020 & 2028 (%)

Figure 42. North America Blockchain Market Breakdown, By Application, 2020 & 2028 (%)

Figure 43. North America Blockchain Market Breakdown, By Application, 2020 & 2028 (%)

Figure 44. North America Blockchain Market Breakdown, by Country, 2020 & 2028 (%)

Figure 45. US Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 46. Canada Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 47. Mexico Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 48. Europe Blockchain Market, Revenue and Forecast To 2028 (US$ million)

Figure 49. Europe Blockchain Market Breakdown, By Component, 2020 & 2028 (%)

Figure 50. Europe Blockchain Market Breakdown, By Application, 2020 & 2028 (%)

Figure 51. Europe Blockchain Market Breakdown, By Industry Vertical, 2020 & 2028 (%)

Figure 52. Europe Blockchain Market Breakdown, by Country, 2018 & 2027(%)

Figure 53. Germany Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 54. France Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 55. Italy Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 56. UK Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 57. Russia Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 58. Rest of Europe Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 59. APAC Blockchain Market, Revenue and Forecast To 2028 (US$ million)

Figure 60. APAC Blockchain Market Breakdown, By Component, 2020 & 2028 (%)

Figure 61. APAC Blockchain Market Breakdown, By Application, 2020 & 2028 (%)

Figure 62. APAC Blockchain Market Breakdown, By Industry Vertical, 2020 & 2028 (%)

Figure 63. APAC Blockchain Market Breakdown, by Country, 2020 & 2028 (%)

Figure 64. Australia Blockchain Market, Revenue and Forecast To 2028 (US$ million)

Figure 65. China Blockchain Market, Revenue and Forecast To 2028 (US$ million)

Figure 66. India Blockchain Market, Revenue and Forecast To 2028 (US$ million)

Figure 67. Japan Blockchain Market, Revenue and Forecast To 2028 (US$ million)

Figure 68. South Korea Blockchain Market, Revenue and Forecast To 2028 (US$ million)

Figure 69. Rest of APAC Blockchain Market, Revenue and Forecast To 2028 (US$ million)

Figure 70. MEA Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 71. MEA Blockchain Market Breakdown, By Component, 2020 & 2028 (%)

Figure 72. MEA Blockchain Market Breakdown, By Application, 2020 & 2028 (%)

Figure 73. MEA Blockchain Market Breakdown, By Industry Vertical, 2020 & 2028 (%)

Figure 74. MEA Blockchain Market Breakdown, By Country, 2020 & 2028 (%)

Figure 75. Saudi Arabia Blockchain Market, Revenue and Forecast To 2028 (US$ million)

Figure 76. UAE Blockchain Market, Revenue and Forecast To 2028 (US$ million)

Figure 77. South Africa Blockchain Market, Revenue and Forecast To 2028 (US$ million)

Figure 78. Rest of MEA Blockchain Market, Revenue and Forecast To 2028 (US$ million)

Figure 79. SAM Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 80. SAM Blockchain Market Breakdown, By Component, 2020 & 2028 (%)

Figure 81. SAM Blockchain Market Breakdown, By Application, 2020 & 2028 (%)

Figure 82. SAM Blockchain Market Breakdown, By Industry Vertical, 2020 & 2028 (%)

Figure 83. SAM Blockchain Market Breakdown, by Country, 2020 & 2028 (%)

Figure 84. Brazil Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 85. Argentina Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 86. Rest of SAM Blockchain Market, Revenue and Forecast to 2028 (US$ million)

Figure 87. Impact of COVID-19 Pandemic in North American Country Markets

Figure 88. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 89. Impact of COVID-19 Pandemic in Middle East & Africa Country Markets

List of companies:

1. IBM Corporation

2. Microsoft Corporation

3. Accenture

4. Amazon

5. SAP SE

6. Bitfury Group Limited

7. Ripple Labs Inc.

8. Hewlett Packard Enterprise Development LP (HPE)

9. Oracle Corporation

10. Intel Corporation

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the blockchain market

• Highlights key business priorities in order to assist companies to realign their business strategies

• The key findings and recommendations highlight crucial progressive industry trends in the blockchain market thereby allowing players across the value chain to develop effective long-term strategies

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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