[253 Pages Report] The global blockchain market size is expected to grow from USD 3.0 billion in 2020 to USD 39.7 billion by 2025, at an impressive Compound Annual Growth Rate (CAGR) of 67.3% during 2020–2025. The increasing need for simplifying the business processes and need for supply chain management applications integrated with the blockchain technology will drive the overall blockchain market.
Private blockchain type is estimated to hold the largest market size in 2020. A private blockchain is a shared database or ledger that is secured by traditional security techniques, such as limited user rights. Generally, security is provided to a private blockchain using private keys that are known only to the related organization. A private blockchain is a category of the blockchain technology, where write permissions are kept centralized to a single organization. Read permissions might also be restricted based on the organization’s usability. A private blockchain provides more opportunities to businesses in terms of leveraging the blockchain technology for business-to-business use cases.
The SMEs segment is projected to grow at a higher CAGR during the forecast period, due to the need for streamlining the business processes cost-effectively across SMEs. The adoption of the blockchain technology is currently in the experimentation phase in most of the SMEs; however, the adoption rate in the SMEs segment is expected to increase significantly in the coming years, owing to the low infrastructure costs and transparency.
The banking and financial services application area is expected to hold the largest market size in the blockchain market during the forecast period. The banking and financial services application area has realized the significance of the blockchain technology which helps secure transactions for customers. The blockchain technology in the banking and financial services is expected to experience rapid growth worldwide, due to various factors, such as high compatibility with the financial services industry ecosystem, rising cryptocurrencies and Initial Coin Offerings (ICOs), rapid transactions, and reduced total cost of ownership.
North America is projected to hold the largest market size in the blockchain market. Early adoption of blockchain technologies by the organizations in the region and the emergence of several blockchain technology providers will contribute to the overall share of the market. Businesses in North America have recognized the potential of the blockchain technology in delivering enhanced customer experiences; hence, they have started adopting the technology to develop business applications.
Major vendors in the global blockchain market include IBM (US), AWS (US), Microsoft (US), SAP (Germany), Intel (US), Oracle (US), Bitfury (Netherlands), Cegeka (Netherlands), Earthport (UK), Guardtime (US), Digital Asset Holdings (US), Chain (US), Huawei (China), BlockCypher (US), Symbiont (US), BigchainDB (Germany), Applied Blockchain (UK), RecordsKeeper (Gibraltar), BlockPoint (US), Auxesis Group (India), BTL Group (Canada), Blockchain Foundry (UK), AlphaPoint (US), NTT Data (Japan), Factom (US), SpinSys (US), ConsenSys (US), Infosys (India), iXLedger (UK), and Stratis (UK).
IBM is an established player and a globally renowned vendor providing dedicated hardware, software, and related services. IBM has a comprehensive product portfolio that includes analytics cloud platforms, a blockchain platform, collaboration tools, the Watson IoT Platform, mobile security and device management tools, and Watson Customer Engagement. IBM’s blockchain platform helps enterprises improve their business efficiency and solve business challenges by building trusted networks across industries. IBM’s service offerings include data security services, security intelligence and operations, consulting, secure engineering and application security, and security strategy risk and compliance. IBM provides its blockchain platform for various industry-specific applications, such as purchasing systems, supply chain, food prevention, asset records systems, fraud prevention and compliance, identity management, and automated smart contracts. The company has adopted various organic as well as inorganic growth strategies to improve its market share and increase the annual revenue. For instance, in April 2020, IBM partnered with Nestle to enable Nestle for using IBM Food Trust enterprise blockchain to trace its Zoégas coffee brand. Zoégas coffee would come with a QR code that can be scanned by consumers to trace coffee beans to their origin. The IBM Food Trust enterprise blockchain will record data about farmers, time of harvest, transaction certificate for specific shipments, as well as the roasting period. Moreover, IBM collaborated with leading organizations, including Dole, Driscoll’s, Golden State Foods, Kroger, McCormick & Company, McLane Company, Nestlé, Tyson Foods, Unilever, and Walmart, to offer its blockchain platform, a permissioned and immutable shared ledger, to meet the challenges in food supply chain systems.
Report Metric |
Details |
Market size available for years |
2018–2025 |
Base year considered |
2019 |
Forecast period |
2020–2025 |
Forecast units |
Value (USD) |
Segments covered |
Component, Provider, Type, Application Area, Organization Size, and Region |
Geographies covered |
North America, Europe, APAC, MEA, and Latin America |
Companies Covered |
IBM (US), AWS (US), Microsoft (US), SAP (Germany), Intel (US), Oracle (US), Bitfury (Netherlands), Cegeka (Netherlands), Earthport (UK), Guardtime (US), Digital Asset Holdings (US), Chain (US), Huawei (China), BlockCypher (US), Symbiont (US), BigchainDB (Germany), Applied Blockchain (UK), RecordsKeeper (Gibraltar), BlockPoint (US), Auxesis Group (India), BTL Group (Canada), Blockchain Foundry (UK), AlphaPoint (US), NTT Data (Japan), Factom (US), SpinSys (US), ConsenSys (US), Infosys (India), iXLedger (UK), and Stratis (UK) |
This research report categorizes the blockchain market based on component, type, provider, application area, organization size, and region
What does Blockchain mean?
Blockchain is defined as a digitally distributed, decentralized, and shared database that assists enterprises in identifying, tracking, and tracing every transaction on the enterprise blockchain network. These transactions are recorded in the form of blocks. The blocks are then added to the blockchain in a linear and chronological order. The blockchain technology provides secure sharing of information, while also making the process transparent and immutable for all the participants.
What are the types of Blockchain?
The blockchain technology enables governments, organizations, institutions, and businesses to create records and processes that are highly secure, transparent, and more resistant to corruption. The technology has been further divided into public and private blockchains.
What is the Blockchain market size?
The global blockchain market size is expected to grow from USD 3.0 billion in 2020 to USD 39.7 billion by 2025, at an impressive Compound Annual Growth Rate (CAGR) of 67.3% during 2020–2025. The increasing need for simplifying the business processes and need for supply chain management applications integrated with the blockchain technology will drive the overall blockchain market.
Which region have the highest market share in the Blockchain market?
North America is projected to hold the largest market size in the blockchain market. Early adoption of blockchain technologies by the organizations in the region and the emergence of several blockchain technology providers will contribute to the overall share of the market. Businesses in North America have recognized the potential of the blockchain technology in delivering enhanced customer experiences; hence, they have started adopting the technology to develop business applications
Who are the major vendors in the Blockchain market?
In the Blockchain market, the key and emerging market players IBM, AWS, Microsoft, SAP, Intel, Oracle, Bitfury, Cegeka, Earthport, Guardtime, Digital Asset Holdings, Chain, Huawei, BlockCypher, Symbiont, BigchainDB, Applied Blockchain, RecordsKeeper, BlockPoint, Auxesis Group, BTL Group, Blockchain Foundry, AlphaPoint, NTT Data, Factom, SpinSys, ConsenSys, Infosys, iXLedger, and Stratis.
Which provider is expected to witness high growth rate in coming years?
Based on provider, the blockchain market has been segmented into three categories: application providers, middleware providers, and infrastructure providers. Application providers segment is estimated to have the fastest growth rate during the forecast period. Application providers are third-party entities that distribute and manage blockchain solutions for customers across application areas. Blockchain solutions are outsourced to meet the technological needs of businesses. The blockchain technology is a shared decentralized ledger, which is distributed across a business network that permanently records business transactions. Blockchain offers a historical record of all transactions since the beginning of the blockchain and serves as a single source for extracting information.
Which vertical is expected to witness high growth rate in coming years?
The banking and financial services application area is expected to hold the largest market size in the blockchain market during the forecast period. The banking and financial services application area has realized the significance of the blockchain technology which helps secure transactions for customers. The blockchain technology in the banking and financial services is expected to experience rapid growth worldwide, due to various factors, such as high compatibility with the financial services industry ecosystem, rising cryptocurrencies and Initial Coin Offerings (ICOs), rapid transactions, and reduced total cost of ownership .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 24)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY CONSIDERED
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 28)
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Breakup of primary profiles
2.1.2.2 Key industry insights
2.2 MARKET BREAKUP AND DATA TRIANGULATION
2.3 MARKET SIZE ESTIMATION
2.4 MARKET FORECAST
2.5 COMPETITIVE LEADERSHIP MAPPING METHODOLOGY
2.6 ASSUMPTIONS FOR THE STUDY
2.7 LIMITATIONS OF THE STUDY
3 EXECUTIVE SUMMARY (Page No. - 39)
4 PREMIUM INSIGHTS (Page No. - 45)
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE MARKET
4.2 BLOCKCHAIN MARKET, BY COMPONENT, 2020 VS 2025
4.3 MARKET, BY SERVICE, 2020 VS 2025
4.4 MARKET, BY PROVIDER, 2020 VS 2025
4.5 MARKET, BY TYPE, 2020 VS 2025
4.6 MARKET, BY ORGANIZATION SIZE, 2020 VS. 2025
4.7 BLOCKCHAIN MARKET, BY APPLICATION AREA, 2018–2025
4.8 MARKET INVESTMENT SCENARIO
5 MARKET OVERVIEW (Page No. - 49)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing venture capital funding and investments in blockchain technology
5.2.1.2 Increasing popularity of blockchain technology in retail and supply chain management
5.2.1.3 Simplification of processes along with transparency and immutability
5.2.1.4 Lower operational costs
5.2.2 RESTRAINTS
5.2.2.1 Uncertain regulatory and compliance environment
5.2.2.2 Limited availability of technical skillsets to implement the blockchain technology
5.2.3 OPPORTUNITIES
5.2.3.1 Rising government initiatives
5.2.3.2 Extensive use of blockchain solutions in IoT, banking, and cybersecurity
5.2.3.3 High adoption of blockchain solutions for payments, smart contracts, and digital identities
5.2.3.4 Increasing demand for real-time data analysis, enhanced visibility, and proactive maintenance
5.2.4 CHALLENGES
5.2.4.1 Security, privacy, and control of blockchain transactions
5.2.4.2 Opposition from incumbents
5.3 VALUE CHAIN ANALYSIS
5.4 BLOCKCHAIN ECOSYSTEM
5.5 BLOCKCHAIN ASSOCIATIONS AND CONSORTIUMS
5.5.1 ENTERPRISE ETHEREUM ALLIANCE
5.5.2 HYPERLEDGER CONSORTIUM
5.5.3 GLOBAL BLOCKCHAIN BUSINESS COUNCIL
5.5.4 BLOCKCHAIN COLLABORATIVE CONSORTIUM
5.5.5 R3CEV BLOCKCHAIN CONSORTIUM
5.5.6 CONTINUOUS LINKED SETTLEMENT GROUP
5.5.7 GLOBAL PAYMENTS STEERING GROUP
5.5.8 FINANCIAL BLOCKCHAIN SHENZHEN CONSORTIUM
5.5.9 CULEDGER
5.5.10 WALL STREET BLOCKCHAIN ALLIANCE
5.5.11 OTHER BLOCKCHAIN ASSOCIATIONS
5.6 STEPS INVOLVED IN THE IMPLEMENTATION OF BLOCKCHAIN TECHNOLOGY
5.7 USE CASES
5.7.1 SMART DUBAI INITIATIVE USES BLOCKCHAIN TECHNOLOGY FOR SMART TRANSFORMATION
5.7.2 ID2020 PARTNERSHIP
5.7.3 BLOCKCHAIN PROJECT FOR SUPPLY CHAIN AND INVENTORY MANAGEMENT
5.7.4 ADOPTION OF BLOCKCHAIN TECHNOLOGY ESOLUTIONS IN THE ESTONIAN GOVERNMENT
5.7.5 THE USE OF BLOCKCHAIN FOR SMART CONTRACTS
5.7.6 IBM TIED UP WITH WALMART (US) TO TRACK PORK IN CHINA AND MANGOES IN THE US FOR ENSURING FOOD SAFETY
5.7.7 BLOCKCHAIN FOR KNOW YOUR CUSTOMER COMPLIANCE IN RETAIL
5.7.8 BLOCKCHAIN TECHNOLOGY FOR AUTOMATED CUSTOMER SERVICES
5.7.9 BLOCKCHAIN PROJECT FOR SUPPLY CHAIN AND INVENTORY MANAGEMENT
6 BLOCKCHAIN MARKET: COVID-19 IMPACT (Page No. - 67)
6.1 INTRODUCTION
6.2 COVID-19 DEVELOPMENTS
7 BLOCKCHAIN MARKET, BY COMPONENT (Page No. - 69)
7.1 INTRODUCTION
7.2 PLATFORM
7.2.1 PLATFORM: MARKET DRIVERS
7.3 SERVICES
7.3.1 SERVICES: BLOCKCHAIN MARKET DRIVERS
7.3.2 TECHNOLOGY ADVISORY AND CONSULTING SERVICES
7.3.3 DEVELOPMENT AND INTEGRATION SERVICES
7.3.4 SUPPORT AND MAINTENANCE
8 BLOCKCHAIN MARKET, BY PROVIDER (Page No. - 76)
8.1 INTRODUCTION
8.2 APPLICATION PROVIDERS
8.2.1 APPLICATION PROVIDERS: MARKET DRIVERS
8.3 MIDDLEWARE PROVIDERS
8.3.1 MIDDLEWARE PROVIDERS: MARKET DRIVERS
8.4 INFRASTRUCTURE PROVIDERS
8.4.1 INFRASTRUCTURE PROVIDERS: BLOCKCHAIN MARKET DRIVERS
9 BLOCKCHAIN MARKET, BY TYPE (Page No. - 82)
9.1 INTRODUCTION
9.2 PUBLIC
9.2.1 PUBLIC: MARKET DRIVERS
9.3 PRIVATE
9.3.1 PRIVATE: BLOCKCHAIN MARKET DRIVERS
9.4 HYBRID
9.4.1 HYBRID: MARKET DRIVERS
10 BLOCKCHAIN MARKET, BY ORGANIZATION SIZE (Page No. - 87)
10.1 INTRODUCTION
10.2 SMALL AND MEDIUM-SIZED ENTERPRISES
10.2.1 SMALL AND MEDIUM-SIZED ENTERPRISES: BLOCKCHAIN MARKET DRIVERS
10.3 LARGE ENTERPRISES
10.3.1 LARGE ENTERPRISES: MARKET DRIVERS
11 BLOCKCHAIN MARKET, BY APPLICATION AREA (Page No. - 92)
11.1 INTRODUCTION
11.2 TRANSPORTATION AND LOGISTICS
11.2.1 TRANSPORTATION AND LOGISTICS: MARKET DRIVERS
11.2.2 APPLICATIONS IN TRANSPORTATION AND LOGISTICS
11.2.3 ASSUMPTIONS/LIMITATIONS
11.2.3.1 Financing
11.2.3.2 Mobility solutions
11.2.3.3 Smart contracts
11.2.3.4 Others in transportation and logistics
11.3 AGRICULTURE AND FOOD
11.3.1 AGRICULTURE AND FOOD: BLOCKCHAIN MARKET DRIVERS
11.3.2 APPLICATIONS IN AGRICULTURE AND FOOD
11.3.2.1 Product traceability, tracking, and visibility
11.3.2.2 Payment and settlement
11.3.2.3 Smart contracts
11.3.2.4 GRC management
11.4 MANUFACTURING
11.4.1 MANUFACTURING: MARKET DRIVERS
11.4.2 APPLICATIONS IN MANUFACTURING
11.4.2.1 Predictive maintenance
11.4.2.2 Asset tracking and management
11.4.2.3 Business process optimization
11.4.2.4 Logistics and supply chain management
11.4.2.5 Real-time workforce tracking and management
11.4.2.6 Quality control and compliance
11.4.2.7 Counterfeit management
11.5 ENERGY AND UTILITIES
11.5.1 ENERGY AND UTILITIES: MARKET DRIVERS
11.5.2 APPLICATIONS IN ENERGY AND UTILITIES
11.5.2.1 Grid management
11.5.2.2 Energy trading
11.5.2.3 GRC management
11.5.2.4 Payment schemes
11.5.2.5 Supply chain management
11.5.2.6 Others in energy and utilities
11.6 HEALTHCARE AND LIFE SCIENCES
11.6.1 HEALTHCARE AND LIFE SCIENCES: BLOCKCHAIN MARKET DRIVERS
11.6.2 APPLICATIONS IN HEALTHCARE AND LIFE SCIENCES
11.6.2.1 Clinical data exchange and interoperability
11.6.2.2 Supply chain management
11.6.2.3 Claims adjudication and billing management
11.6.2.4 Others in healthcare and life sciences
11.7 MEDIA, ADVERTISING, AND ENTERTAINMENT
11.7.1 MEDIA, ADVERTISING, AND ENTERTAINMENT: MARKET DRIVERS
11.7.2 APPLICATIONS IN MEDIA, ADVERTISING, AND ENTERTAINMENT
11.7.2.1 Licensing and rights management
11.7.2.2 Digital advertising
11.7.2.3 Smart contracts
11.7.2.4 Content security
11.7.2.5 Online gaming
11.7.2.6 Payments
11.7.2.7 Others in media, advertising, and entertainment
11.8 BANKING AND FINANCIAL SERVICES
11.8.1 BANKING AND FINANCIAL SERVICES: MARKET DRIVERS
11.8.2 APPLICATIONS IN BANKING AND FINANCIAL SERVICES
11.8.2.1 Payments, clearing, and settlement
11.8.2.2 Exchanges and remittance
11.8.2.3 Smart contracts
11.8.2.4 Identity management
11.8.2.5 Compliance management/KYC
11.8.2.6 Others in banking and financial services
11.9 INSURANCE
11.9.1 INSURANCE: BLOCKCHAIN MARKET DRIVERS
11.9.2 APPLICATIONS IN INSURANCE
11.9.2.1 GRC management
11.9.2.2 Death and claims management
11.9.2.3 Payments
11.9.2.4 Identity management and fraud detection
11.9.2.5 Smart contracts
11.9.2.6 Others in insurance
11.10 IT AND TELECOM
11.10.1 IT AND TELECOM: MARKET DRIVERS
11.10.2 APPLICATIONS IN IT AND TELECOM
11.10.2.1 OSS/BSS processes
11.10.2.2 Identity management
11.10.2.3 Payments
11.10.2.4 Smart contracts
11.10.2.5 Connectivity provisioning
11.10.2.6 Others in IT and telecom
11.11 RETAIL AND ECOMMERCE
11.11.1 RETAIL AND ECOMMERCE: MARKET DRIVERS
11.11.2 APPLICATIONS IN RETAIL AND ECOMMERCE
11.11.2.1 Compliance management
11.11.2.2 Identity management
11.11.2.3 Loyalty and rewards management
11.11.2.4 Payments
11.11.2.5 Smart contracts
11.11.2.6 Supply chain management
11.11.2.7 Others in retail and eCommerce
11.12 GOVERNMENT
11.12.1 GOVERNMENT: BLOCKCHAIN MARKET DRIVERS
11.12.2 APPLICATIONS IN GOVERNMENT
11.12.2.1 Asset registry
11.12.2.2 Identity management
11.12.2.3 Payments
11.12.2.4 Smart contracts
11.12.2.5 Voting
11.12.2.6 Others in government
11.13 OTHER APPLICATION AREAS
12 BLOCKCHAIN MARKET, BY REGION (Page No. - 143)
12.1 INTRODUCTION
12.2 NORTH AMERICA
12.2.1 NORTH AMERICA: MARKET DRIVERS
12.2.2 NORTH AMERICA: REGULATORY LANDSCAPE
12.2.3 UNITED STATES
12.2.4 CANADA
12.3 EUROPE
12.3.1 EUROPE: BLOCKCHAIN MARKET DRIVERS
12.3.2 EUROPE: REGULATORY LANDSCAPE
12.3.3 GERMANY
12.3.4 UNITED KINGDOM
12.3.5 FRANCE
12.3.6 REST OF EUROPE
12.4 ASIA PACIFIC
12.4.1 ASIA PACIFIC: MARKET DRIVERS
12.4.2 ASIA PACIFIC: REGULATORY LANDSCAPE
12.4.3 CHINA
12.4.4 AUSTRALIA AND NEW ZEALAND
12.4.5 JAPAN
12.4.6 SINGAPORE
12.4.7 REST OF ASIA PACIFIC
12.5 MIDDLE EAST AND AFRICA
12.5.1 MIDDLE EAST AND AFRICA: MARKET DRIVERS
12.5.2 MIDDLE EAST AND AFRICA: REGULATORY LANDSCAPE
12.5.3 UNITED ARAB EMIRATES
12.5.4 KINGDOM OF SAUDI ARABIA
12.5.5 ISRAEL
12.5.6 SOUTH AFRICA
12.5.7 REST OF MIDDLE EAST AND AFRICA
12.6 LATIN AMERICA
12.6.1 LATIN AMERICA: BLOCKCHAIN MARKET DRIVERS
12.6.2 LATIN AMERICA: REGULATORY LANDSCAPE
12.6.3 BRAZIL
12.6.4 MEXICO
12.6.5 REST OF LATIN AMERICA
13 COMPETITIVE LANDSCAPE (Page No. - 188)
13.1 INTRODUCTION
13.2 MARKET EVALUATION FRAMEWORK
13.3 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS
13.4 COMPETITIVE LEADERSHIP MAPPING
13.4.1 VISIONARY LEADERS
13.4.2 INNOVATORS
13.4.3 DYNAMIC DIFFERENTIATORS
13.4.4 EMERGING COMPANIES
13.5 STRENGTH OF PRODUCT PORTFOLIO (24 PLAYERS)
13.6 BUSINESS STRATEGY EXCELLENCE (24 PLAYERS)
13.7 RANKING OF KEY PLAYERS IN THE BLOCKCHAIN MARKET, 2020
14 COMPANY PROFILES (Page No. - 195)
14.1 INTRODUCTION
(Business overview, Products and Services offered, Recent developments & SWOT analysis)*
14.2 IBM
14.3 AWS
14.4 MICROSOFT
14.5 SAP
14.6 INTEL
14.7 ORACLE
14.8 HUAWEI
14.9 BITFURY
14.10 GUARDTIME
14.11 DIGITAL ASSET HOLDINGS
14.12 CHAIN
14.13 BLOCKCYPHER
14.14 SYMBIONT
14.15 BIGCHAINDB
14.16 APPLIED BLOCKCHAIN
14.17 RECORDSKEEPER
14.18 BLOCKPOINT
14.19 AUXESIS GROUP
14.20 BTL GROUP
14.21 BLOCKCHAIN FOUNDRY
14.22 ALPHAPOINT
14.23 FACTOM
14.24 SPINSYS
14.25 CONSENSYS
14.26 INFOSYS
14.27 IXLEDGER
14.28 NTT DATA
14.29 STRATIS
14.30 CEGEKA
14.31 EARTHPORT
14.32 RIGHT-TO-WIN
*Details on Business overview, Products and Services offered, Recent developments & SWOT analysis might not be captured in case of unlisted companies.
15 APPENDIX (Page No. - 235)
15.1 PREVIOUS DEVELOPMENTS
15.2 INSIGHTS OF INDUSTRY EXPERTS
15.3 DISCUSSION GUIDE
15.4 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.5 AVAILABLE CUSTOMIZATIONS
15.6 RELATED REPORTS
15.7 AUTHOR DETAILS
LIST OF TABLES (116 TABLES)
TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2017–2019
TABLE 2 FACTOR ANALYSIS
TABLE 3 BLOCKCHAIN MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 4 COMPONENT: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 5 PLATFORM: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 6 BLOCKCHAIN MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 7 SERVICES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 8 TECHNOLOGY ADVISORY AND CONSULTING SERVICES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 9 DEVELOPMENT AND INTEGRATION SERVICES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 10 SUPPORT AND MAINTENANCE: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 11 BLOCKCHAIN MARKET SIZE, BY PROVIDER, 2018–2025 (USD MILLION)
TABLE 12 PROVIDERS: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 13 APPLICATION PROVIDERS: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 14 MIDDLEWARE PROVIDERS: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 15 INFRASTRUCTURE PROVIDERS: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 16 BLOCKCHAIN MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 17 TYPE: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 18 PUBLIC: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 19 PRIVATE: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 20 HYBRID: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 21 BLOCKCHAIN MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 22 ORGANIZATION SIZE: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 23 SMALL AND MEDIUM-SIZED ENTERPRISES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 24 LARGE ENTERPRISES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 25 BLOCKCHAIN MARKET SIZE, BY APPLICATION AREA, 2018–2025 (USD MILLION)
TABLE 26 APPLICATION: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 27 TRANSPORTATION AND LOGISTICS: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 28 TRANSPORTATION AND LOGISTICS: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 29 AGRICULTURE AND FOOD: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 30 AGRICULTURE AND FOOD: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 31 MANUFACTURING: BLOCKCHAIN MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 32 MANUFACTURING: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 33 ENERGY AND UTILITIES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 34 ENERGY AND UTILITIES: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 35 KEY BLOCKCHAIN PROJECTS IN HEALTHCARE AND LIFE SCIENCES
TABLE 36 HEALTHCARE AND LIFE SCIENCES: MARKET SIZE, BY REGION, 2018–2025 (USD THOUSAND)
TABLE 37 HEALTHCARE AND LIFE SCIENCES: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 38 MEDIA, ADVERTISING, AND ENTERTAINMENT: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 39 MEDIA, ADVERTISING, AND ENTERTAINMENT: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 40 BANKING AND FINANCIAL SERVICES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 41 BANKING AND FINANCIAL SERVICES: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 42 INSURANCE: BLOCKCHAIN MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 43 INSURANCE: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 44 IT AND TELECOM: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 45 IT AND TELECOM: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 46 RETAIL AND ECOMMERCE: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 47 RETAIL AND ECOMMERCE: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 48 GOVERNMENT: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 49 GOVERNMENT: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 50 OTHER APPLICATION AREAS: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 51 BLOCKCHAIN MARKET SIZE BY REGION, 2018–2025 (USD MILLION)
TABLE 52 NORTH AMERICA: BLOCKCHAIN MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 53 NORTH AMERICA: MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 54 NORTH AMERICA: MARKET SIZE, BY PROVIDER, 2018–2025 (USD MILLION)
TABLE 55 NORTH AMERICA: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 56 NORTH AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 57 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 58 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 59 UNITED STATES: BLOCKCHAIN MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 60 UNITED STATES: MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 61 UNITED STATES: MARKET SIZE, BY PROVIDER, 2018–2025 (USD MILLION)
TABLE 62 UNITED STATES: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 63 UNITED STATES: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 64 UNITED STATES: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 65 EUROPE: BLOCKCHAIN MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 66 EUROPE: MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 67 EUROPE: MARKET SIZE, BY PROVIDER, 2018–2025 (USD MILLION)
TABLE 68 EUROPE: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 69 EUROPE: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 70 EUROPE: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 71 EUROPE: MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 72 GERMANY: BLOCKCHAIN MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 73 GERMANY: MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 74 GERMANY: MARKET SIZE, BY PROVIDER, 2018–2025 (USD MILLION)
TABLE 75 GERMANY: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 76 GERMANY: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 77 GERMANY: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 78 ASIA PACIFIC: BLOCKCHAIN MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 79 ASIA PACIFIC: MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 80 ASIA PACIFIC: MARKET SIZE, BY PROVIDER, 2018–2025 (USD MILLION)
TABLE 81 ASIA PACIFIC: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 82 ASIA PACIFIC: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 83 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 84 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 85 CHINA: BLOCKCHAIN MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 86 CHINA: MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 87 CHINA: MARKET SIZE, BY PROVIDER, 2018–2025 (USD MILLION)
TABLE 88 CHINA: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 89 CHINA: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 90 CHINA: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 91 MIDDLE EAST AND AFRICA: BLOCKCHAIN MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 92 MIDDLE EAST AND AFRICA: MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 93 MIDDLE EAST AND AFRICA: MARKET SIZE, BY PROVIDER, 2018–2025 (USD MILLION)
TABLE 94 MIDDLE EAST AND AFRICA: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 95 MIDDLE EAST AND AFRICA: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 96 MIDDLE EAST AND AFRICA: MARKET SIZE, BY APPLICATION, 2018–2025 (USD THOUSAND)
TABLE 97 MIDDLE EAST AND AFRICA: MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 98 UNITED ARAB EMIRATES: BLOCKCHAIN MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 99 UNITED ARAB EMIRATES: MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 100 UNITED ARAB EMIRATES: MARKET SIZE, BY PROVIDER, 2018–2025 (USD MILLION)
TABLE 101 UNITED ARAB EMIRATES: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 102 UNITED ARAB EMIRATES: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 103 UNITED ARAB EMIRATES: MARKET SIZE, BY APPLICATION, 2018-2025 (USD THOUSAND)
TABLE 104 LATIN AMERICA: BLOCKCHAIN MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 105 LATIN AMERICA: MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 106 LATIN AMERICA: MARKET SIZE, BY PROVIDER, 2018–2025 (USD MILLION)
TABLE 107 LATIN AMERICA: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 108 LATIN AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 109 LATIN AMERICA: MARKET SIZE, BY APPLICATION, 2018–2025 (USD THOUSAND)
TABLE 110 LATIN AMERICA: MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 111 BRAZIL: BLOCKCHAIN MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 112 BRAZIL: MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 113 BRAZIL: MARKET SIZE, BY PROVIDER, 2018–2025 (USD MILLION)
TABLE 114 BRAZIL: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 115 BRAZIL: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 116 BRAZIL: MARKET SIZE, BY APPLICATION, 2018-2025 (USD THOUSAND)
LIST OF FIGURES (75 FIGURES)
FIGURE 1 BLOCKCHAIN MARKET: RESEARCH DESIGN
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 1 (SUPPLY SIDE): REVENUE FROM PLATFORM/SERVICES OF BLOCKCHAIN VENDORS
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 2, BOTTOM UP (SUPPLY SIDE): COLLECTIVE REVENUE FROM ALL PLATFORM/SERVICES OF BLOCKCHAIN VENDORS
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 3, TOP DOWN (DEMAND SIDE): SHARE OF BLOCKCHAIN THROUGH THE OVERALL INFORMATION TECHNOLOGY MARKET
FIGURE 5 COMPETITIVE LEADERSHIP MAPPING: CRITERIA WEIGHTAGE
FIGURE 6 EVOLUTION: BLOCKCHAIN MARKET
FIGURE 7 GLOBAL BLOCKCHAIN MARKET TO WITNESS STEADY GROWTH DURING THE FORECAST PERIOD
FIGURE 8 GROWTH RATE OF SEGMENTS IN THE BLOCKCHAIN MARKET DURING THE FORECAST PERIOD
FIGURE 9 BLOCKCHAIN MARKET: REGIONAL SNAPSHOT
FIGURE 10 INCREASING VENTURE CAPITAL FUNDING AND INVESTMENTS IN BLOCKCHAIN TECHNOLOGY TO DRIVE MARKET GROWTH
FIGURE 11 PLATFORM SEGMENT TO HOLD A HIGHER MARKET SHARE IN THE BLOCKCHAIN MARKET IN 2020
FIGURE 12 DEVELOPMENT AND INTEGRATION SERVICES SEGMENT TO HOLD THE HIGHEST MARKET SHARE IN THE BLOCKCHAIN MARKET IN 2020
FIGURE 13 APPLICATION PROVIDERS SEGMENT TO ACCOUNT FOR THE HIGHEST MARKET SHARE IN 2020
FIGURE 14 HYBRID BLOCKCHAIN SEGMENT TO LEAD THE MARKET IN 2020
FIGURE 15 LARGE ENTERPRISES SEGMENT TO HOLD A HIGHER MARKET SHARE DURING THE FORECAST PERIOD
FIGURE 16 BANKING AND FINANCIAL SERVICES SEGMENT TO LEAD THE MARKET DURING THE FORECAST PERIOD
FIGURE 17 ASIA PACIFIC TO EMERGE AS THE BEST MARKET FOR INVESTMENTS DURING THE FORECAST PERIOD
FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: BLOCKCHAIN MARKET
FIGURE 19 VENTURE FUNDING: BLOCKCHAIN MARKET, 2014–2019
FIGURE 20 VENTURE FUNDING: BLOCKCHAIN MARKET, 2015–2019 (USD BILLION)
FIGURE 21 VALUE CHAIN ANALYSIS
FIGURE 22 BLOCKCHAIN PROVIDER ECOSYSTEM
FIGURE 23 BLOCKCHAIN PROJECT ECOSYSTEM
FIGURE 24 STEPS INVOLVED IN THE IMPLEMENTATION OF BLOCKCHAIN TECHNOLOGY
FIGURE 25 BLOCKCHAIN MARKET TO DECLINE CONSIDERABLY DURING 2019–2020 OWING TO THE COVID-19 PANDEMIC
FIGURE 26 BLOCKCHAIN SERVICES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
FIGURE 27 DEVELOPMENT AND INTEGRATION SERVICES SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 28 APPLICATION PROVIDERS SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 29 HYBRID SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 30 SMALL AND MEDIUM-SIZED ENTERPRISES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
FIGURE 31 BANKING AND FINANCIAL SERVICES SEGMENT TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
FIGURE 32 SMART CONTRACTS APPLICATION IN TRANSPORTATION AND LOGISTICS TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 33 PRODUCT TRACEABILITY, TRACKING, AND VISIBILITY APPLICATION IN AGRICULTURE AND FOOD TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 34 COUNTERFEIT MANAGEMENT APPLICATION IN MANUFACTURING TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 35 ENERGY TRADING APPLICATION IN ENERGY AND UTILITIES TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 36 CLAIMS ADJUDICATION AND BILLING MANAGEMENT APPLICATION IN HEAL THCARE AND LIFE SCIENCES TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 37 ONLINE GAMING APPLICATION IN MEDIA, ADVERTISING, AND ENTERTAINMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 38 COMPLIANCE MANAGEMENT/KYC APPLICATION IN BANKING AND FINANCIAL SERVICES TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 39 PAYMENTS APPLICATION IN INSURANCE TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 40 CONNECTIVITY PROVISIONING APPLICATION IN IT AND TELECOM TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 41 LOYALTY AND REWARDS MANAGEMENT APPLICATION IN RETAIL AND ECOMMERCE TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 42 IDENTITY MANAGEMENT APPLICATION IN GOVERNMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 43 BASED ON REGION, ASIA PACIFIC TO ACCOUNT FOR THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 44 ASIA PACIFIC: A HOTSPOT IN THE BLOCKCHAIN MARKET DURING THE FORECAST PERIOD
FIGURE 45 BASED ON COUNTRY, SINGAPORE TO ACCOUNT FOR THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 46 NORTH AMERICA IS ESTIMATED TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
FIGURE 47 NORTH AMERICA: MARKET SNAPSHOT
FIGURE 48 BLOCKCHAIN SERVICES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD IN NORTH AMERICA
FIGURE 49 NORTH AMERICA: COUNTRY-WISE ANALYSIS
FIGURE 50 BLOCKCHAIN SERVICES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD IN EUROPE
FIGURE 51 EUROPE: COUNTRY-WISE ANALYSIS
FIGURE 52 ASIA PACIFIC: MARKET SNAPSHOT
FIGURE 53 BLOCKCHAIN SERVICES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD IN ASIA PACIFIC
FIGURE 54 ASIA PACIFIC: COUNTRY-WISE ANALYSIS
FIGURE 55 BLOCKCHAIN SERVICES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD IN MIDDLE EAST AND AFRICA
FIGURE 56 BLOCKCHAIN SERVICES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD IN LATIN AMERICA
FIGURE 57 MARKET EVALUATION FRAMEWORK
FIGURE 58 REVENUE ANALYSIS OF BLOCKCHAIN MARKET IN 2020
FIGURE 59 BLOCKCHAIN MARKET (GLOBAL), COMPETITIVE LEADERSHIP MAPPING, 2020
FIGURE 60 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN MARKET
FIGURE 61 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN MARKET
FIGURE 62 RANKING OF KEY PLAYERS, 2020
FIGURE 63 GEOGRAPHIC REVENUE MIX OF MAJOR INDUSTRY PLAYERS
FIGURE 64 IBM: COMPANY SNAPSHOT
FIGURE 65 IBM: SWOT ANALYSIS
FIGURE 66 AWS: COMPANY SNAPSHOT
FIGURE 67 AWS: SWOT ANALYSIS
FIGURE 68 MICROSOFT: COMPANY SNAPSHOT
FIGURE 69 MICROSOFT: SWOT ANALYSIS
FIGURE 70 SAP: COMPANY SNAPSHOT
FIGURE 71 SAP: SWOT ANALYSIS
FIGURE 72 INTEL: COMPANY SNAPSHOT
FIGURE 73 INTEL: SWOT ANALYSIS
FIGURE 74 ORACLE: COMPANY SNAPSHOT
FIGURE 75 HUAWEI: COMPANY SNAPSHOT
The study involved four major activities to estimate the current market size for the blockchain market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation were used to estimate the market size of segments and subsegments of the blockchain market.
The market size of companies offering blockchain solutions globally was arrived with the help of the secondary data available through paid and unpaid sources. In the secondary research process, various secondary sources such as D&B Hoovers, Bloomberg BusinessWeek, and Factiva have been referred to for identifying and collecting information for this study. Secondary sources included annual reports; press releases and investor presentations of companies; whitepapers, certified publications, and articles by recognized authors; gold standard and silver standard websites; Research and Development (R&D) organizations; regulatory bodies; and databases. Journals, repositories, and resources from the Cambridge Blockchain Forum, Blockchain Research Institute, Cleveland Blockchain and Digital Futures Hub, Slovenian Blockchain Think Tank, thinkBLOCKtank, and CRYSTAL Centre. Additionally, the blockchain investment and spending of various countries were extracted from their respective security associations, such as Government Blockchain Association (GBA).
The blockchain market comprises several stakeholders, such as blockchain vendors, government agencies, blockchain technology vendors, network solution vendors, Independent Software Vendors (ISVs), consulting firms, payment gateway providers, financial services firms, blockchain security providers, trading software providers, infrastructure providers, Value-Added Resellers (VARs), and communication service providers. The primary sources were mainly industry experts from the core and related verticals, and preferred suppliers, manufacturers, distributors, service providers, technology developers, and technologists from companies and organizations related to all the segments of the blockchain market’s value chain. In-depth interviews were conducted with various primary respondents, including Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology, blockchain experts, and innovation directors, and related key executives from various key companies and organizations operating in the blockchain market, to obtain and verify critical qualitative and quantitative information, as well as assess the market’s prospects. The market was estimated by analyzing various driving factors, restraints, opportunities, challenges, industry trends, and key players’ strategies in the blockchain marketspace.
Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative data.
The following is the breakup of primary profiles:
To know about the assumptions considered for the study, download the pdf brochure
Both top-down and bottom-up approaches were used to estimate and validate the total size of the blockchain market. The top-down approach was used to derive the revenue contribution of top vendors and their offerings in the blockchain industry. The bottom-up approach was used to arrive at the overall market size of the global blockchain market using key companies’ revenue and their offerings in the market. The research methodology used to estimate the market size includes the following:
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. Extensive qualitative and quantitative analyses were performed on the complete market engineering process to list the key information/insights throughout the report.
To analyze competitive developments, such as expansions and fundings, new product launches, mergers and acquisitions, strategic partnerships, and agreements, in the blockchain market
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Benchmarking the rapid strategy shifts of the Top 100 companies in the Blockchain Market
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