Focus on sustainability is driving blockchain adoption in environmental management

Global market for blockchain technology

Dublin, March 27, 2023 (GLOBE NEWSWIRE) — The “Blockchain Technology: Global Strategic Business Report” report has been added ResearchAndMarkets.com’s Offering.

The global blockchain technology market estimated at USD 2.5 billion in the year 2022, is projected to reach a revised size of USD 77 billion by 2030, growing at a CAGR of 53.5% over the analysis period 2022-2030.

Public, one of the segments analyzed in the report, is estimated to register a CAGR of 55.7% and reach USD 57 billion by the end of the analysis period.

Taking into account the ongoing post-pandemic recovery, growth in the private sector is adjusted to a revised 47.2% CAGR for the next 8-year period.

The US market is estimated at $839.5 million, while China is expected to grow at 62.6% CAGR

The Blockchain Technology market in the United States is estimated at USD 839.5 million by the year 2022. China, the world’s second largest economy, is expected to reach a projected market size of USD 9.9 billion by the year 2030, following a CAGR of 62.6% over analysis period 2022 to 2030.

Among the other notable geographic markets are Japan and Canada, each projected to grow by 46.6% and 48.5% respectively during the period 2022-2030. Within Europe, Germany is expected to grow by approx. 51.9% CAGR.

Featured Competitors (Total 317 Featured) –

• AlphaPoint Corporation

• Antier Solutions Pvt. Ltd

• Blockchain Tech Ltd

• BlockCypher, Inc.

• Bloq, Inc.

• Chain, Inc.

• Coinbase Global, Inc.

• Coinfirm Ltd.

• Consensus Systems Technologies Corporation

• Deloitte Touche Tohmatsu Ltd.

• Digital Asset Holdings, LLC

• IBM Corp.

• LUKKA, INC.

• Microsoft Corporation

• Monax Industries, Ltd

• Nasdaq

• Ping Identity Corporation

• Ripple Labs Inc

• The Bitfury Group

• The Linux Foundation

What’s new for 2023?

• Special coverage of the war between Russia and Ukraine; global inflation; easing of the zero-Covid policy in China and its “humpy” reopening; supply chain disruptions, global trade tensions; and risk of recession.

• Global competitiveness and key competitor’s percentage market shares

• Market presence across multiple geographies – strong/active/niche/trivial

• Online interactive peer-to-peer collaboration tailored updates

• Access to digital archives and research platform

• Free updates for one year

The story continues

Key Attributes:

Key topics covered:

I. METHODOLOGY

II. BRIEF SUMMARY

1. MARKET OVERVIEW

• Born out of Bitcoin, blockchain technology is emerging to disrupt the digital economy

• Bitcoins in circulation worldwide (in the 000s) in the years 2018, 2020 and 2022

• Top benefits of blockchain technology: % of businesses citing a benefit as a factor driving blockchain adoption

• Global Economic Update

• Shaken by war, global oil prices spiral and feed inflationary pressures, world is headed for a cost-of-living crisis: Global average annual Brent crude oil price (in US dollars per barrel) for the years 2017 to 2022

• War-induced commodity price increases and broad-based price pressures mark global inflation returning in 2022 to the highest level since 1996: Global inflation rates (in %) for the years 2019 to 2024

• War, global inflation, cost of living crisis, failed fiscal policy efforts to restore price stability and contain downside risks that will result in a sharper-than-expected slowdown in global economic growth: Projections for world economic growth (real GDP, annual % change) for Years 2020, 2021, 2022 and 2023

• Recession triggered by uncontrolled inflation or unemployment, which is the greater evil? Anti-inflationary policy measures to slow post-pandemic rise in unemployment figures: Global number of unemployed (in millions) in years 2019 to 2023 inclusive

• Competition

• Blockchain Technology – Global Key Competitors Percentage Market Share in 2022 (E)

• Competitive market presence – strong/active/niche/trivial for players worldwide in 2022 (E)

• Blockchain: Global Market Outlook and Overview

• The world’s brands

• Recent market activity

2. FOCUS ON SELECTED PLAYERS

3. MARKET TRENDS AND DRIVERS

• Blockchain investment and innovation will continue unabated beyond 2020

• Top Holders of Blockchain Patents Worldwide: Total Number of Blockchain Patent Filings to Date by Company

• Blockchain patent applications: Distribution by country (in %) for 2022

• Blockchain adoption in supply chain management is exploding into a major trend, post pandemic disruption

• Blockchain adoption in healthcare reaches tipping point. Focus on telemedicine as a case-in-point

• As Telemedicine Explodes into a Major Channel for Virtual Healthcare Delivery, So Does Blockchain’s Role in Promoting Secure Data Sharing: Global Opportunity for Telemedicine (in Billion Dollars) for the Years 2021, 2023, 2025, and 2027

• Increasing prevalence of counterfeiting in the pharmaceutical industry increases the need to exploit the security benefits promised by Blockchain: Global number of pharmaceutical counterfeiting cases for the years 2000, 2005, 2010, 2015, 2019 and 2020

• Blockchain Implementation in Pharmaceutical Value Chain: % of Companies Implementing Blockchain Technology by Region

• Focus on sustainability is driving blockchain adoption in environmental management

• As sustainable investment will develop into an unstoppable force in the coming decade, blockchain technologies will rise in parallel as a digital enabler for sustainable infrastructure services: Global Investment in Sustainability (in billions of dollars) for the years 2015, 2018, 2020 and 2022

• Blockchain-as-a Service (BaaS) is rising in prominence as companies begin to outsource the implementation and management of blockchain-based platforms

• Blockchain in the spotlight in government and the public sector for its ability to deal with inefficiencies

• Industries are leveraging blockchain to scale manufacturing processes and make predictive maintenance more efficient and accessible

• Key factors driving manufacturer investment in blockchain technology

• Increasing Spending on Predictive Maintenance Strategies in Favor of Blockchain Use: Global Predictive Maintenance Market (in Million USD) for the Years 2021, 2023, 2025 and 2027

• Growing need for traceable and scalable customer services to drive blockchain adoption in retail

• Blockchain in Retail Market: Revenue Breakdown by Application (in %) for 2022

• Growing market for smart agriculture to increase the use of blockchain

• Smart Agriculture opens up a wealth of opportunities for blockchain technology: Global Smart Agriculture Market (in billion USD) for the years 2020, 2022, 2024 and 2026

• Growing IoT Ecosystem Systems to Power Blockchain Implementations

• The missing link between security and IoT is Blockchain: Global M2M/IoT connections (in billions) for the years 2022, 2024, 2026, 2028 and 2030

• Smart contracts are among the most promising use cases of distributed ledger technology

• Financial Services Sector: The most lucrative application area for blockchain

• Decentralized Finance (DeFi) to Bridge the Huge Financing Gap for SMEs to Increase Blockchain Adoption: The World’s Formal Finance Gap for MSMEs (in Billions of Dollars) by Region

• Robust growth of digital banking opens up more application opportunities for blockchain: Global market for digital banking (in million USD) for the years 2023, 2025 and 2027

• Blockchain & Artificial Intelligence (AI): A powerful combination

• A promising growth outlook for blockchain technology in the energy sector

• Blockchain-powered solutions to streamline processes in the logistics, trucking and commercial transport industries

• Ongoing digitization trend in logistics industry, blockchain technology boosts application growth: Global spending on digital transformation in logistics (in million USD) in the years 2021, 2023, 2025 and 2027

• Promising future of blockchain in the media, advertising and entertainment market

• The emergence of the metaverse to create opportunities for the use of blockchain

• It is becoming increasingly clear that Metaverse cannot be built without blockchain technology: Global spending on Metaverse (in millions of dollars) in the years 2021, 2023, 2025 and 2027

• Business use of blockchain technology is finally starting to make money

• Maritime companies are moving to blockchain-based systems amid the trend favoring digitization of supply chains

• How will blockchain implementations affect the education sector?

• Advent of 5G. What does it mean for Blockchain?

• The future of 5G is undisputed: 5G contribution to GDP in selected countries by 2030 (in billions of dollars)

• Rapid progress towards autonomous vehicle commercialization to increase importance of blockchain technology

• Global sales of autonomous vehicles (in millions) for the years 2020, 2025 and 2030

• Blockchain Challenges: Knowing the biggest pain points is an important step on the road to success

• Major factors limiting the use of blockchain technology (% of businesses)

• Final thoughts

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information on this report, visit https://www.researchandmarkets.com/r/xtfekr

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We bring you the latest data on international and regional markets, key industries, top companies, new products and the latest trends.

Attachments

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900