Abstract
Summary
Global Blockchain Consulting Market is valued at approximately USD XX billion in 2023 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2024-2031. Blockchain Consulting refers to the strategic implementation of blockchain technology as per the analysis & requirement of the client's business. A blockchain consulting provider performs different tasks such as research, design, development, and testing of blockchain technologies on behalf of their clients. Moreover, the service providers are also responsible for assuring compliance with the appropriate regulatory and legal guidelines. The increasing incidences of data breaches and growing adoption of distributed ledger technologies as well as strategic initiatives from leading market players are key factors accelerating the market growth.
The growing incidences of data breaches are contributing to the growth of the Global Blockchain Consulting Market. For instance, according to the Government of UK’s Cyber Security Breaches Survey 2023 report – in 2022, around Four in ten businesses (39%) and a quarter of charities (26%) across the UK reported cyber security breaches and attacks. Moreover, the average cost of all the cyber security breaches these businesses have experienced in the past 12 months was estimated at USD 8404.33. Whereas, for medium and large firms combined, the estimated average cost was USD 13311.83. Furthermore, as per Statista – in 2023, the average cost of data breaches in the USA was estimated at USD 9.05 million, and it further increased to USD 9.44 million in 2024. Also, rising automation across the industries and growing emergence of Blockchain Consulting Solution Providers would create a lucrative growth prospectus for the market over the forecast period. However, the high cost associated with Blockchain Consulting services and lack of penetration from SMEs due to budget constraints stifles market growth throughout the forecast period of 2024-2031.
The key regions considered for the Global Blockchain Consulting Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of leading market players, and increasing incidences of data breaches coupled with rising adoption of decentralized ledger technologies in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising popularity of non-fungible tokens (NFTs) and increasing penetration of leading market players in the region.
Major market players included in this report are:
ABES Lab (Aplana Blockchain Enterprise Solutions Lab)
ArcTouch Google
Applied Blockchain Ltd
101 Blockchains
Blockchain Mind
Codezeros Technology Company
Crunchbase Inc
EY Global
LeewayHertz
Deloitte Touche Tohmatsu Limited
Recent Developments in the Market:
In February 2024, US based Mastercard Inc. announced the expansion of its consulting service with new dedicated areas including Open Banking, Open Data, Crypto & Digital Currencies, and Environment, Social & Governance (ESG).
In September 2024, HashCash, a software and blockchain development company, announced inauguration of its blockchain consulting services in Finland. Through this new venture, the company would be utilizing blockchain technology for renewable energy marketplace.
Global Blockchain Consulting Market Report Scope:
Historical Data 2021-2022-2023
Base Year for Estimation 2023
Forecast period 2024-2031
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product
Consulting
Blockchain
By Application
Large enterprise
Small and Medium Enterprise
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Table of Contents
1 Executive Summary
1.1 Market Snapshot
1.2 Global & Segmental Market Estimates & Forecasts, 2021-2031 (USD Billion)
1.2.1 Blockchain Consulting Market, by Region, 2021-2031 (USD Billion)
1.2.2 Blockchain Consulting Market, by Product, 2021-2031 (USD Billion)
1.2.3 Blockchain Consulting Market, by Application, 2021-2031 (USD Billion)
1.3 Key Trends
1.4 Estimation Methodology
1.5 Research Assumption
2 Global Blockchain Consulting Market Definition and Scope
2.1 Objective of the Study
2.2 Market Definition & Scope
2.2.1 Scope of the Study
2.2.2 Industry Evolution
2.3 Years Considered for the Study
2.4 Currency Conversion Rates
3 Global Blockchain Consulting Market Dynamics
3.1 Blockchain Consulting Market Impact Analysis (2021-2031)
3.1.1 Market Drivers
- 3.1.1.1 Increasing incidences of data breaches
- 3.1.1.2 Growing adoption of distributed ledger technologies
- 3.1.1.3 Strategic initiatives from leading market players
3.1.2 Market Challenges
- 3.1.2.1 High Cost associated with Blockchain Consulting services
- 3.1.2.2 Lack of penetration from SMEs due to budget constraints
3.1.3 Market Opportunities
- 3.1.3.1 Rising automation across the industries
- 3.1.3.2 Growing emergence of Blockchain Consulting Solution Providers
4 Global Blockchain Consulting Market Industry Analysis
4.1 Porter’s 5 Force Model
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of New Entrants
4.1.4 Threat of Substitutes
4.1.5 Competitive Rivalry
4.2 Futuristic Approach to Porter’s 5 Force Model (2021-2031)
4.3 PEST Analysis
4.3.1 Political
4.3.2 Economical
4.3.3 Social
4.3.4 Technological
4.4 Top investment opportunity
4.5 Top winning strategies
4.6 Industry Experts Prospective
4.7 Analyst Recommendation & Conclusion
5 Risk Assessment: COVID-19 Impact
5.1 Assessment of the overall impact of COVID-19 on the industry
5.2 Pre COVID-19 and post COVID-19 Market scenario
6 Global Blockchain Consulting Market, by Product
6.1 Market Snapshot
6.2 Global Blockchain Consulting Market by Product, Performance - Potential Analysis
6.3 Global Blockchain Consulting Market Estimates & Forecasts by Product 2021-2031 (USD Billion)
6.4 Blockchain Consulting Market, Sub Segment Analysis
6.4.1 Consulting
6.4.2 Blockchain
7 Global Blockchain Consulting Market, by Application
7.1 Market Snapshot
7.2 Global Blockchain Consulting Market by Application, Performance - Potential Analysis
7.3 Global Blockchain Consulting Market Estimates & Forecasts by Application 2021-2031 (USD Billion)
7.4 Blockchain Consulting Market, Sub Segment Analysis
7.4.1 Large enterprise
7.4.2 Small and Medium Enterprise
8 Global Blockchain Consulting Market, Regional Analysis
8.1 Blockchain Consulting Market, Regional Market Snapshot
8.2 North America Blockchain Consulting Market
8.2.1 U.S. Blockchain Consulting Market
- 8.2.1.1 Product breakdown estimates & forecasts, 2021-2031
- 8.2.1.2 Application breakdown estimates & forecasts, 2021-2031
8.2.2 Canada Blockchain Consulting Market
8.3 Europe Blockchain Consulting Market Snapshot
8.3.1 U.K. Blockchain Consulting Market
8.3.2 Germany Blockchain Consulting Market
8.3.3 France Blockchain Consulting Market
8.3.4 Spain Blockchain Consulting Market
8.3.5 Italy Blockchain Consulting Market
8.3.6 Rest of Europe Blockchain Consulting Market
8.4 Asia-Pacific Blockchain Consulting Market Snapshot
8.4.1 China Blockchain Consulting Market
8.4.2 India Blockchain Consulting Market
8.4.3 Japan Blockchain Consulting Market
8.4.4 Australia Blockchain Consulting Market
8.4.5 South Korea Blockchain Consulting Market
8.4.6 Rest of Asia Pacific Blockchain Consulting Market
8.5 Latin America Blockchain Consulting Market Snapshot
8.5.1 Brazil Blockchain Consulting Market
8.5.2 Mexico Blockchain Consulting Market
8.5.3 Rest of Latin America Blockchain Consulting Market
8.6 Rest of The World Blockchain Consulting Market
9 Competitive Intelligence
9.1 Top Market Strategies
9.2 Company Profiles
9.2.1 ABES Lab (Aplana Blockchain Enterprise Solutions Lab)
- 9.2.1.1 Key Information
- 9.2.1.2 Overview
- 9.2.1.3 Financial (Subject to Data Availability)
- 9.2.1.4 Product Summary
- 9.2.1.5 Recent Developments
9.2.2 ArcTouch Google
9.2.3 Applied Blockchain Ltd
9.2.4 101 Blockchains
9.2.5 Blockchain Mind
9.2.6 Codezeros Technology Company
9.2.7 Crunchbase Inc
9.2.8 EY Global
9.2.9 LeewayHertz
9.2.10 Deloitte Touche Tohmatsu Limited
10 Research Process
10.1 Research Process
10.1.1 Data Mining
10.1.2 Analysis
10.1.3 Market Estimation
10.1.4 Validation
10.1.5 Publishing
10.2 Research Attributes
10.3 Research Assumption