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
Key Attributes:
| Report attribute | Details |
| Number of pages | 802 |
| Forecast period | 2022–2030 |
| Estimated market value (USD) in 2022 | 2.5 billion dollars |
| Projected market value (USD) by 2030 | 77 billion dollars |
| Compound annual growth rate | 53.5% |
| Regions covered | Global |
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
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Global market for blockchain technology
