Blockchain Market, By Application (Payments, Clearing and settlement, Digital identity, and Documentation), By End-User (Banking Sector, Insurance Sector, Financial Institutes, Government and Public Sector, Retail and Ecommerce Sector, and Automotive Sector), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2029

Introduction:

Blockchain is a data collection and record known as a technology database connected using cryptography. Blockchain is a digital and decentralized ledger that records all transactions that occur on a peer-to-peer network. Data is stored in a block format that is cryptographically secure and cannot be changed by altering subsequent blocks. Blockchain is used to record transactions with Bitcoin, Litecoin, Ethereum and many other cryptocurrencies. A blockchain is a system of recording information that makes it difficult or impossible to change, hack or defraud the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across a network of computer systems on a blockchain. Blockchain is the best technology for distributing this data because it allows for completely transparent, instantly shared data to be stored in an immutable ledger that is only available to authorized network users. Orders, payments, accounts, production and more can be tracked using the blockchain network. The global blockchain market is growing rapidly and is expected to continue to do so in the future, with the increasing number of innovations and consumer awareness of the benefits of blockchain technology expected to propel the industry in the near future. Blockchain Market size accounted for USD 3.5 billion in 2020 and expected to expand to USD 20.98 billion at a compound annual growth rate (CAGR) of 19.8%

Increasing venture capital funding and investments in blockchain technology are factors driving the growth of the global blockchain market. Additionally, increasing adoption of blockchain technology in end-use industries such as financial services, automotive sector, and law is driving the growth of the global blockchain market. Furthermore, increasing demand for secure databases for maintaining records and smart contracting from various end-users is another factor driving the growth of the global blockchain market in the near future. However, the complex process of using blockchain is expected to hinder the growth of the global blockchain market.

 

Source:Prophecy Market Insights

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global blockchain market has been segmented on the basis of application, end-user, and region. On the basis of application, the target market is classified into payments, clearing and settlement, digital identity, and documentation. On the basis of end-user, the target market is classified into banking sector, insurance sector, financial institutes, government and public sector, retail and e-commerce sector, and automotive sector. Among application, the payments segment accounts for the largest share of the global blockchain market. The increasing need to transfer funds directly and securely to anyone and the increasing demand to reduce the cost of transactions is driving the adoption of blockchain in this application area.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the Global Blockchain Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America blockchain market is expected to account for major revenue share as compared to that of other regions. This can be attributed to presence of digital infrastructure and increased digital currency transaction ratio in the countries of the North America region. Also, the market in Europe is expected to account for second-highest revenue share in the global blockchain market, owing to increasing adoption of digital currency in the countries of the region. Moreover, the market in Asia Pacific is projected to witness significant growth over the forecast period.

Report Scope:

Attribute	Details
Base year for estimation	2020
Forecast period	2020 – 2030
Market representation	Revenue in USD Billion & CAGR from 2020 to 2030
Market Segmentation	By Application - Payments, Clearing and settlement, Digital identity, and Documentation By End-User - Banking Sector, Insurance Sector, Financial Institutes, Government and Public Sector, Retail and Ecommerce Sector, and Automotive Sector
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Global Blockchain Market report based on application, end user and region:

Global Blockchain Market, By Application:

• Payments
• Clearing and settlement
• Digital identity
• Documentation

Global Blockchain Market, By End User:

• Banking Sector
• Insurance Sector
• Financial Institutes
• Government and Public Sector
• Retail and Ecommerce Sector
• Automotive Sector

 

Global Blockchain Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The key players operating the Global Blockchain Market includes International Business Machines Corporation, Amazon Web Services, Inc., Microsoft Corporation, SAP SE, Intel Corporation, Oracle Corporation, Bitfury USA, Inc., Cegeka NV, Earthport plc, GuardTime AS, Digital Asset Holdings, LLC, Chain, Inc., Huawei Technologies Co., Ltd., BlockCypher, Inc., and Symbiont.io, Inc. For instance, In September 2022, Web3 founders and top VCs break down how blockchain gaming can take crypto mainstream – and explain potential hurdles for widespread adoption. Activision Blizzard Inc. was acquired by Microsoft Corp. in January Commonly known as the publisher of franchises such as Minecraft and Call of Duty – announced plans to buy it for $68.7 billion. Microsoft says the deal will help develop the "building blocks for the Metaverse," according to a statement from CEO and Chairman Satya Nadella.

• International Business Machines Corporation*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Amazon Web Services, Inc.
• Microsoft Corporation
• SAP SE
• Intel Corporation
• Oracle Corporation
• Bitfury USA, Inc.
• Cegeka NV
• Earthport plc
• GuardTime AS
• Digital Asset Holdings, LLC
• Chain, Inc.
• Huawei Technologies Co., Ltd.
• BlockCypher, Inc.
• Symbiont.io, Inc.

“*” marked represents similar segmentation in other categories in the respective section

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years Considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Sources
     • Key Thickness Insights
   • Secondary Data
     • Major Secondary Sources
     • Secondary Sources
   • Market Estimation
   • Top-Down Approach
     • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
   • Bottom-Up Approach
     • Approach for estimating market share by Bottom-up Analysis (Demand Side)
   • Market Breakdown and Data Triangulation
   • Research Assumptions
   • PORTER’s
   • Investment Outlook
3. Market Purview
   • Executive Summary
   • Key Findings—Global Outlook for Blockchain Strategies
     • Key Questions this Study will Answer
     • • By Application (Payments, Clearing and settlement, Digital identity, and Documentation),
       • By End-User (Banking Sector, Insurance Sector, Financial Institutes, Government and Public Sector, Retail and Ecommerce Sector, and Automotive Sector),
       • By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
     • Market Trends
   • DR Impact Analysis
   • PEST Analysis
   • Porter’s Five Forces Analysis
   • Opportunity Orbit
   • Overview
   • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
   • Y-o-Y Growth Analysis (%), 2020 – 2030
   • Regional Trends
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Regional Analysis
   • Regional Revenue Analysis
   • Regional By segment Analysis
   • Reasons for regional growth
   • Key Player of particular region
   • Countries Include in the report:

1. • • North America (U.S., Canada)
     • Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
     • Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
     • Latin America (Brazil, Mexico, Rest of Latin America)
     • Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)

1. Competitive Landscape
   • Heat Map Analysis
   • Market Presence and Specificity Analysis
   • Competitive Overview
   • Competitive Benchmarking
   • Market Share Analysis
   • Key Developments In The Global Blockchain Market
   • Key Developments: Mergers & Acquisitions
   • Key Developments: Collaboration
   • Key Developments: Contracts & Agreements
   • Key Developments: Expansion
   • Key Developments: Product Developments
2. Company Profiles

• Company Overview
• Product Portfolio
• Key Highlights
• Financial Performance
• Business Strategies
• SWOT Analysis

• International Business Machines Corporation, Amazon Web Services, Inc., Microsoft Corporation, SAP SE, Intel Corporation, Oracle Corporation, Bitfury USA, Inc., Cegeka NV, Earthport plc, GuardTime AS, Digital Asset Holdings, LLC, Chain, Inc., Huawei Technologies Co., Ltd., BlockCypher, Inc., and Symbiont.io, Inc.

1. The Last Word
   • Future Impact
   • About Us
   • Contact