Blockchain Technology Market Revenue, Growth, Developments, Size, Share and Forecast 2029

Blockchain Technology Market size was valued at USD 12.2 Bn. in 2022 and the total revenue is expected to grow by 82.2% from 2023 to 2029, reaching nearly 814.29 Bn.

Blockchain Technology Market Overview:

A thorough study of the Blockchain Technology Market by component, application, industry, and geography is what this report aims to do. The fundamental factors influencing the development of the Blockchain Technology Market are covered in great detail in the article. The report covers the industry's value chain in great detail as well.

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Market Scope:

The Blockchain Technology Market industry is assessed and predicted via secondary research, which starts with sources that compile sales information from significant suppliers. Vendor offerings are also taken into account while analysing market segmentation. The revenue of significant businesses was used to determine the total size of the Blockchain Technology Market using the bottom-up methodology.

Market Dynamics:

One of the practical use cases made possible by a growing emphasis on usability and speed that was not conceivable with first-generation applications is the ability to build self-executing contracts and contingencies. Modern cryptographic techniques for transaction verification reduce bottlenecks, consume far less energy than proof-of-work techniques, and allow for speedier transactions with lower transaction costs and energy consumption.
Businesses may create the fundamental infrastructures required to support a number of use cases by having the capacity to interact, collaborate, share, and trade with various organisations across a range of platforms. New platforms that enable organisations to interact, cooperate, share, and conduct business with different entities in a seamless manner across a variety of platforms also make it possible for the development of core infrastructures that serve several use cases.

Segmentation:

by Type
1. Public Cloud
2. Private Cloud
3. Hybrid Cloud

by Component
1. Application & Solution
2. Infrastructure & Protocols
3. Middleware

by End-use
1. Financial Services
2. Government
3. Healthcare
4. Media & Entertainment
5. Retail
6. Transportation & Logistics
7. Travel
8. Others

by Application
1. Digital Identity
2. Exchanges
3. Payments
4. Smart Contracts
5. Supply Chain Management
6. Others

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Key Players:

We used both primary and secondary research techniques to examine the Blockchain Technology Market from every viewpoint. This enhanced our understanding of current market dynamics, including supply-demand imbalances, pricing trends, product preferences, consumer behaviours, and so on. The data is then compiled and assessed using a range of market estimation and data validation methodologies. Additionally, our internal data forecasting engine projects market growth until the year 2029.

The major players covered in the Blockchain Technology Market report are

1. IBM (US)
2. AWS(US)
3. Microsoft(US)
4. Intel(US)
5. BlockCypher(US)
6. RecordsKeeper(US)
7. BlockPoint(US)
8. AlphaPoint(US)
9. Factom(US)
10. SpinSys(US)
11. BTL Group(US)
12. iXLedger(US)
13. ConsenSys(US)
14. Symbiont(US)
15. Digital Asset Holdings(US)
16. Oracle(US)
17. SAP (Germany)
18. Bitfury(Netherlands)
19. Cegeka(Belgium)
20. Earthport (UK)
21. Applied Block chain(UK)
22. Auxesis Group(UK)
23. Guardtime (Switzerland)
24. Chain (China)
25. Huawei(China)
26. BigchainDB(Germany)
27. Block chain Foundry(Canada)
28. NTT Data (Japan)
29. Infosys(India)
30. Stratis(Hungary)

Regional Analysis:

Market share information for North America, Europe, Asia-Pacific, the Middle East, Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.

Key Questions Answered in the Blockchain Technology Market Report are:

• Which segment captured the most market share in the Blockchain Technology Market?
• What was the Blockchain Technology Market's competitive environment in 2022?
• What are the primary elements driving the Blockchain Technology Market's growth?
• In 2022, which region had the most proportion of the Blockchain Technology Market?

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COVID-19 Impact Analysis on Blockchain Technology Market:

Among the industries impacted by the COVID-19 pandemic are aerospace and defence, agriculture, motor vehicles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance. The overall Blockchain Technology Market has been impacted by COVID-19, as well as the growth rate in 2019–2020 as its effects spread. The organisations and associations in the Blockchain Technology Market sector, which is battling through the COVID-19 emergency to address the threat of digitization employment and provide reliable information and experiences to CEOs, depend on our most recent research, viewpoints, and management expertise.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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