Report Thumbnail
Product Code MM091340946AKH
Published Date 2023/3/8
MarketsandMarkets
English418 PagesGlobal

Blockchain Market by Component (Platforms and Services), Provider (Application, Middleware, and Infrastructure), Type (Public, Private, and Hybrid), Organization Size(SMEs and Large Organizations), Application, and Region - Global Forecast to 2027 ‐ Telecom_Media_ICT_Digital Market


Report Thumbnail
Product Code MM091340946AKH◆The Mar 2026 edition is also likely available. We will check with the publisher immediately.
Published Date 2023/3/8
MarketsandMarkets
English 418 PagesGlobal

Blockchain Market by Component (Platforms and Services), Provider (Application, Middleware, and Infrastructure), Type (Public, Private, and Hybrid), Organization Size(SMEs and Large Organizations), Application, and Region - Global Forecast to 2027 ‐ Telecom_Media_ICT_Digital Market


Abstract

Summary

MarketsandMarkets forecasts that the global blockchain market will grow from an estimated USD 7.4 billion in 2022 to USD 94.0 billion by 2027 at a compound annual growth rate (CAGR) of 66.2%. One of the factors driving the market growth is increasing government initiatives using blockchain technology. By services, Development and integration service to account for highest market share during forecast period Development and integration service providers provide tailored blockchain development services and enterprise-class integration services for blockchain platforms and protocols. The service providers deliver cross-industry blockchain development services to streamline enterprise business operations with improved interoperability, enhanced security, and transparency. Blockchain development services fast-track peer-to-peer transactions. These providers use distributed ledger technologies and popular blockchain frameworks such as Ethereum, Hyperledger, Stellar, IOTA, Steem, Ripple, and Multichain. By provider, application providers to grow at highest CAGR during forecast period A blockchain platform enables end users to build applications on a distributed network. Application providers are third-party entities that distribute and manage blockchain solutions for customers across applications. The blockchain technology is a shared, decentralized ledger, which is distributed across a business network that permanently records business transactions. Companies such as AWS, Oracle, IBM, Intel, Huawei, Accenture, Wipro, and Infosys are some of the vendors operating in the global blockchain market. For instance, IBM’s blockchain platform helps speed up the process of universal cross-border payments. The blockchain solution provides businesses and consumers with an enhanced payment system that reduces the settlement time and lowers the cost of completing global payments. Another example is Huawei Cloud's Blockchain Service (BCS) that is a secure blockchain platform enabling enterprises and developers to conveniently create, deploy, and manage applications with Huawei Cloud. Blockchain applications are becoming more and more desirable, but they can be challenging to set up for smaller businesses with limited IT resources. A combination of a managed platform with professional assistance can aid small organizations quickly deploy blockchain. For example, the SAP Cloud Platform Blockchain Service – SAP’s major offering in blockchain technology – is a blockchain-as-a-service (BaaS) offering which provides an easy and low risk approach to create blockchain-based applications in the cloud. Breakdown of primary participants: • By Company Type: Tier 1 = 35%, Tier 2 = 45%, and Tier 3 = 20% • By Designation: C-Level Executives = 40%, Managerial and Other levels = 60% • By Region: North America = 38%, Asia Pacific = 26%, Europe = 21%, Middle East & Africa = 10%, Latin America= 5% Major vendors in the global blockchain market include IBM (US), AWS (US), Oracle (US), Huawei (China), Accenture (Ireland), Wipro (India), Infosys (India), TCS (India), SAP (Germany), Intel (US), ConsenSys (US), NTT DATA (Japan), Bitfury (Netherlands), Guardtime (Estonia), Chain (Saint Kitts and Nevis), VMware (US), SpinSys (US), LeewayHertz (US), R3 (US), Cegeka (Netherlands), Symbiont (US), BigchainDB (Germany), Applied Blockchain (UK), RecordsKeeper (US), Blockpoint (US), Auxesis Group (India), Blockchain Foundry (Canada), Factom (US), Stratis (UK), Dragonchain (US). The study includes an in-depth competitive analysis of the key players in the blockchain market, with their company profiles, recent developments, and key market strategies. Research Coverage: The report segments the blockchain by component, provider, type, organization size, application and region (North America, Europe, Asia Pacific, Middle East and Africa, and Latin America). The study also includes an in-depth competitive analysis of the key market players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies. Key benefits of buying the report: The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall blockchain market and the subsegments. It will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market’s pulse and provides information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

  • 1 INTRODUCTION 40

    • 1.1 STUDY OBJECTIVES 40
    • 1.2 MARKET DEFINITION 40
      • 1.2.1 INCLUSIONS AND EXCLUSIONS 41
    • 1.3 MARKET SCOPE 42
      • 1.3.1 MARKET SEGMENTATION 42
      • 1.3.2 BLOCKCHAIN MARKET SEGMENTATION, BY APPLICATION 43
      • 1.3.3 REGIONS COVERED 44
    • 1.4 YEARS CONSIDERED 44
    • 1.5 CURRENCY CONSIDERED 45
    • 1.6 STAKEHOLDERS 45
    • 1.7 SUMMARY OF CHANGES 46

  • 2 RESEARCH METHODOLOGY 47

    • 2.1 RESEARCH DATA 47
      • 2.1.1 SECONDARY DATA 48
      • 2.1.2 PRIMARY DATA 48
        • 2.1.2.1 Breakup of primary profiles 49
        • 2.1.2.2 Key industry insights 49
    • 2.2 DATA TRIANGULATION 50
    • 2.3 MARKET SIZE ESTIMATION 51
      • 2.3.1 REVENUE ESTIMATES 52
    • 2.4 MARKET FORECAST 55
    • 2.5 IMPACT OF RECESSION AND RESEARCH ASSUMPTIONS 56
      • 2.5.1 IMPACT OF RECESSION 56
      • 2.5.2 RESEARCH ASSUMPTIONS 57
    • 2.6 LIMITATIONS OF STUDY 58

  • 3 EXECUTIVE SUMMARY 59

  • 4 PREMIUM INSIGHTS 66

    • 4.1 OVERVIEW OF BLOCKCHAIN MARKET 66
    • 4.2 BLOCKCHAIN MARKET, BY COMPONENT 66
    • 4.3 BLOCKCHAIN MARKET, BY PROVIDER 67
    • 4.4 BLOCKCHAIN MARKET, BY TYPE 67
    • 4.5 BLOCKCHAIN MARKET, BY ORGANIZATION SIZE 68
    • 4.6 BLOCKCHAIN MARKET, BY APPLICATION 68
    • 4.7 MARKET INVESTMENT SCENARIO 69

  • 5 MARKET OVERVIEW AND INDUSTRY TRENDS 70

    • 5.1 INTRODUCTION 70
    • 5.2 MARKET DYNAMICS 70
      • 5.2.1 DRIVERS 71
        • 5.2.1.1 Increasing venture capital funding and investments in blockchain technology 71
        • 5.2.1.2 Growing demand in retail, SCM, and banking applications for secure and transparent transactions 72
        • 5.2.1.3 Simplification of processes, along with transparency, security, and immutability 73
        • 5.2.1.4 High adoption of blockchain solutions for payments, smart contracts, and digital identities 74
        • 5.2.1.5 Lower operational costs 74
      • 5.2.2 RESTRAINTS 74
        • 5.2.2.1 Uncertain regulatory and compliance environment 74
        • 5.2.2.2 High costs of implementing blockchain technology 75
      • 5.2.3 OPPORTUNITIES 75
        • 5.2.3.1 Increasing government initiatives to boost demand for blockchain platforms and services 75
        • 5.2.3.2 Amalgamation of blockchain, IoT, and AI 76
        • 5.2.3.3 Rising demand for real-time data analysis, enhanced visibility, and proactive maintenance 77
        • 5.2.3.4 Potential of blockchain technology in novel industries 77
          • 5.2.3.4.1 Blockchain gaming 77
          • 5.2.3.4.2 Seafood tracking 77
          • 5.2.3.4.3 Trucking 77
      • 5.2.4 CHALLENGES 80
        • 5.2.4.1 Security, privacy, and control of blockchain transactions 80
        • 5.2.4.2 Limited availability of technical skillsets to implement blockchain technology 81
        • 5.2.4.3 Opposition from incumbents 81
    • 5.3 REGULATIONS IMPLEMENTED FOR BLOCKCHAIN TECHNOLOGY 82
    • 5.4 STEPS IN IMPLEMENTATION OF BLOCKCHAIN TECHNOLOGY 85
    • 5.5 COMPARISON BETWEEN CENTRALIZED/PERMISSIONED VERSUS DECENTRALIZED/PERMISSIONLESS BLOCKCHAIN 86
      • 5.5.1 TYPES OF BLOCKCHAIN TECHNOLOGY 88
        • 5.5.1.1 Private blockchain 88
        • 5.5.1.2 Public blockchain 89
        • 5.5.1.3 Permissioned/Hybrid blockchain 89
    • 5.6 ECOSYSTEM 89
      • 5.6.1 ROLE IN ECOSYSTEM 90
    • 5.7 VALUE CHAIN ANALYSIS 91
      • 5.7.1 COMPONENT/HARDWARE SUPPLIERS 92
      • 5.7.2 PLANNING AND DESIGN 92
      • 5.7.3 INFRASTRUCTURE AND DEPLOYMENT 92
      • 5.7.4 SOLUTION AND SERVICE PROVIDERS 93
      • 5.7.5 SYSTEM INTEGRATORS 93
      • 5.7.6 SALES AND DISTRIBUTION CHANNELS 93
      • 5.7.7 END USERS 93
    • 5.8 PATENT ANALYSIS 93
    • 5.9 AVERAGE SELLING PRICE/PRICING MODEL OF BLOCKCHAIN PLAYERS 94
    • 5.10 TECHNOLOGY ANALYSIS 96
      • 5.10.1 BLOCKCHAIN AND INTERNET OF THINGS 96
      • 5.10.2 BLOCKCHAIN AND CLOUD 96
      • 5.10.3 BLOCKCHAIN AND ARTIFICIAL INTELLIGENCE 96
      • 5.10.4 BIG DATA ANALYTICS 97
    • 5.11 USE CASES 98
      • 5.11.1 SMART DUBAI INITIATIVE USES BLOCKCHAIN TECHNOLOGY FOR SMART TRANSFORMATION 98
      • 5.11.2 ID2020 PARTNERSHIP 98
      • 5.11.3 BLOCKCHAIN PROJECT FOR SUPPLY CHAIN AND INVENTORY MANAGEMENT 99
      • 5.11.4 ADOPTION OF BLOCKCHAIN TECHNOLOGY ESOLUTIONS BY ESTONIAN GOVERNMENT 99
      • 5.11.5 USE OF BLOCKCHAIN FOR SMART CONTRACTS 99
      • 5.11.6 IBM PARTNERED WITH WALMART (US) TO TRACK PORK IN CHINA AND MANGOES IN US TO ENSURE FOOD SAFETY 100
      • 5.11.7 BLOCKCHAIN FOR KNOW YOUR CUSTOMER COMPLIANCE IN RETAIL 100
      • 5.11.8 BLOCKCHAIN TECHNOLOGY FOR AUTOMATED CUSTOMER SERVICES 101
      • 5.11.9 BLOCKCHAIN PROJECT FOR SUPPLY CHAIN AND INVENTORY MANAGEMENT 101
      • 5.11.10 USE CASE 1: TO LEVERAGE INNOVATIVE TECHNOLOGIES SUCH AS BLOCKCHAIN, AI, AND IOT TO TRANSFORM SUPPLY CHAIN OPERATIONS IN HEALTHCARE INDUSTRY 101
      • 5.11.11 USE CASE 2: TO REDUCE WASTAGE OF FOOD BY IMPROVING FOOD SAFETY AND TRACEABILITY, AND HELP ONLINE AND OFFLINE CONSUMERS GLOBALLY 102
      • 5.11.12 USE CASE 3: BLOCKCHAIN HELPS RCS GLOBAL TRACE RESPONSIBLY PRODUCED RAW MATERIALS 102
      • 5.11.13 USE CASE 4: CARREFOUR SA JOINED IBM’S BLOCKCHAIN-BASED FOOD TRUST NETWORK 103
      • 5.11.14 USE CASE 5: VIRGIN DIAMOND USED NETOBJEX’S DIGITAL TWIN PLATFORM 103
      • 5.11.15 USE CASE 6: CURRY & COMPANY TEAMED WITH INTEL’S INTEGRATED BLOCKCHAIN-BASED IOT SOLUTION TO TRACK PERISHABLE GOODS 104
      • 5.11.16 USE CASE 7: BUMBLE BEE SEAFOODS COLLABORATED WITH SAP TO TRACE A FISH SUPPLY CHAIN IN INDONESIAN VILLAGE 104
      • 5.11.17 USE CASE 8: GROUP OF BANKS LEVERAGED IBM’S BLOCKCHAIN PLATFORM FOR EASE IN MAKING GLOBAL PAYMENTS 105
      • 5.11.18 USE CASE 9: SAUDI CUSTOMS USED BLOCKCHAIN TECHNOLOGY FOR PILOT SHIPMENT 106
      • 5.11.19 USE CASE 10: ICICI BANK AND EMIRATES NBD PARTNERED WITH EDGEVERVE FINACLE TO PILOT FIRST BLOCKCHAIN-BASED NETWORK 106
      • 5.11.20 USE CASE 11: ARAB JORDAN INVESTMENT BANK (AJIB) LEVERAGES ORACLE BLOCKCHAIN PLATFORM FOR CROSS-BORDER MONEY TRANSFERS 107
    • 5.12 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 107
    • 5.13 BLOCKCHAIN ASSOCIATIONS AND CONSORTIUMS 108
      • 5.13.1 ENTERPRISE ETHEREUM ALLIANCE 108
      • 5.13.2 HYPERLEDGER CONSORTIUM 109
      • 5.13.3 GLOBAL BLOCKCHAIN BUSINESS COUNCIL 109
      • 5.13.4 BLOCKCHAIN COLLABORATIVE CONSORTIUM 109
      • 5.13.5 R3CEV BLOCKCHAIN CONSORTIUM 109
      • 5.13.6 CONTINUOUS LINKED SETTLEMENT GROUP 109
      • 5.13.7 GLOBAL PAYMENTS STEERING GROUP 110
      • 5.13.8 FINANCIAL BLOCKCHAIN SHENZHEN CONSORTIUM 110
      • 5.13.9 CU LEDGER 110
      • 5.13.10 WALL STREET BLOCKCHAIN ALLIANCE 110
      • 5.13.11 OTHER ASSOCIATIONS 110
    • 5.14 PORTER’S FIVE FORCES ANALYSIS 111
      • 5.14.1 THREAT OF NEW ENTRANTS 112
      • 5.14.2 THREAT OF SUBSTITUTES 112
      • 5.14.3 BARGAINING POWER OF SUPPLIERS 113
      • 5.14.4 BARGAINING POWER OF BUYERS 113
      • 5.14.5 INTENSITY OF COMPETITIVE RIVALRY 114
    • 5.15 KEY CONFERENCES AND EVENTS IN 2023-2024 114

  • 6 BLOCKCHAIN LAYERS 115

    • 6.1 INTRODUCTION 115
    • 6.2 LAYER 0 116
    • 6.3 LAYER 1 116
    • 6.4 LAYER 2 116
    • 6.5 LAYER 3 118

  • 7 BLOCKCHAIN MARKET, BY COMPONENT 119

    • 7.1 INTRODUCTION 120
    • 7.2 PLATFORMS 121
      • 7.2.1 ENABLE ENTERPRISES TO BUILD BLOCKCHAIN-BASED APPLICATIONS 121
      • 7.2.2 PLATFORMS: BLOCKCHAIN MARKET DRIVERS 122
    • 7.3 SERVICES 123
      • 7.3.1 SERVICES ENSURE SEAMLESS DEPLOYMENT AND MAINTENANCE OF BLOCKCHAIN TECHNOLOGY AMONG BUSINESSES 123
      • 7.3.2 SERVICES: BLOCKCHAIN MARKET DRIVERS 123
      • 7.3.3 TECHNOLOGY ADVISORY & CONSULTING SERVICES 125
      • 7.3.4 DEVELOPMENT & INTEGRATION SERVICES 126
      • 7.3.5 SUPPORT & MAINTENANCE 127

  • 8 BLOCKCHAIN MARKET, BY PROVIDER 129

    • 8.1 INTRODUCTION 130
    • 8.2 APPLICATION PROVIDERS 131
      • 8.2.1 BLOCKCHAIN PLATFORM AIDS BUSINESSES TO BUILD AND RUN APPLICATIONS EASILY AND QUICKLY 131
      • 8.2.2 APPLICATION PROVIDERS: BLOCKCHAIN MARKET DRIVERS 131
    • 8.3 INFRASTRUCTURE PROVIDERS 132
      • 8.3.1 HELP MANAGE BACKEND OPERATIONS OF BLOCKCHAIN APPLICATION FOR BUSINESSES 132
      • 8.3.2 INFRASTRUCTURE PROVIDERS: BLOCKCHAIN MARKET DRIVERS 132
    • 8.4 MIDDLEWARE PROVIDERS 133
      • 8.4.1 BLOCKCHAIN MIDDLEWARE ENSURES DEVELOPERS BUILD APPLICATIONS AND INTERFACES FASTER 133
      • 8.4.2 MIDDLEWARE PROVIDERS: BLOCKCHAIN MARKET DRIVERS 134

  • 9 BLOCKCHAIN MARKET, BY TYPE 135

    • 9.1 INTRODUCTION 136
    • 9.2 PUBLIC 137
      • 9.2.1 FREE FOR ALL TO JOIN AND PARTICIPATE IN CORE ACTIVITIES OF BLOCKCHAIN NETWORK 137
      • 9.2.2 PUBLIC: BLOCKCHAIN MARKET DRIVERS 137
    • 9.3 PRIVATE 138
      • 9.3.1 ALLOWS ONLY SELECTED AND VERIFIED PARTICIPANTS TO JOIN BLOCKCHAIN NETWORK 138
      • 9.3.2 PRIVATE: BLOCKCHAIN MARKET DRIVERS 139
    • 9.4 HYBRID 140
      • 9.4.1 BLEND OF ESSENTIAL FEATURES OF BOTH PUBLIC BLOCKCHAIN AND PRIVATE BLOCKCHAIN TO MAKE TRANSACTIONS MORE SECURE 140
      • 9.4.2 HYBRID: BLOCKCHAIN MARKET DRIVERS 140

  • 10 BLOCKCHAIN MARKET, BY ORGANIZATION SIZE 142

    • 10.1 INTRODUCTION 143
    • 10.2 SMALL AND MEDIUM-SIZED ENTERPRISES 144
      • 10.2.1 HELP ACCELERATE GROWTH AND DEVELOPMENT OF SMALL BUSINESSES 144
      • 10.2.2 SMALL AND MEDIUM-SIZED ENTERPRISES: BLOCKCHAIN MARKET DRIVERS 144
    • 10.3 LARGE ENTERPRISES 145
      • 10.3.1 DEPLOY BLOCKCHAIN FOR GREATER TRUST AND TRACEABILITY 145
      • 10.3.2 LARGE ENTERPRISES: BLOCKCHAIN MARKET DRIVERS 146

  • 11 BLOCKCHAIN MARKET, BY APPLICATION 147

    • 11.1 INTRODUCTION 148
    • 11.2 TRANSPORTATION & LOGISTICS 150
      • 11.2.1 INCREASED EFFICIENCY ACROSS MOVEMENT OF RAW MATERIAL AND INVENTORY MANAGEMENT USING MOBILITY SOLUTIONS 150
      • 11.2.2 TRANSPORTATION & LOGISTICS: BLOCKCHAIN MARKET DRIVERS 151
      • 11.2.3 APPLICATIONS IN TRANSPORTATION & LOGISTICS 152
        • 11.2.3.1 Smart contracts 153
        • 11.2.3.2 Financing 153
        • 11.2.3.3 Mobility solutions 153
        • 11.2.3.4 Other transportation & logistics applications 154
    • 11.3 AGRICULTURE & FOOD 154
      • 11.3.1 BOOST TO SUSTAINABLE FOOD ECOSYSTEM AND FOOD CERTIFICATION 154
      • 11.3.2 AGRICULTURE & FOOD: BLOCKCHAIN MARKET DRIVERS 155
      • 11.3.3 APPLICATIONS IN AGRICULTURE & FOOD 156
        • 11.3.3.1 Product traceability, tracking & visibility 156
        • 11.3.3.2 Payment & settlement 157
        • 11.3.3.3 Smart contracts 157
        • 11.3.3.4 Improved quality control & food safety 157
    • 11.4 MANUFACTURING 157
      • 11.4.1 USE OF SMART TAGS AND RFID SENSORS, ALONG WITH BLOCKCHAIN TECHNOLOGY, ENSURES TRACEABILITY IN MANUFACTURING INDUSTRY 157
      • 11.4.2 MANUFACTURING: BLOCKCHAIN MARKET DRIVERS 158
      • 11.4.3 APPLICATIONS IN MANUFACTURING 159
        • 11.4.3.1 Predictive maintenance 160
        • 11.4.3.2 Asset tracking & management 160
        • 11.4.3.3 Business process optimization 160
        • 11.4.3.4 Logistics & supply chain management 161
        • 11.4.3.5 Quality control & compliance 161
        • 11.4.3.6 Other manufacturing applications 161
    • 11.5 ENERGY & UTILITIES 162
      • 11.5.1 POWER GRID SUPPLY AND CRITICAL INFRASTRUCTURE MANAGEMENT TO GAIN TRACTION USING BLOCKCHAIN TECHNOLOGY 162
      • 11.5.2 ENERGY & UTILITIES: BLOCKCHAIN MARKET DRIVERS 162
      • 11.5.3 APPLICATIONS IN ENERGY & UTILITIES 163
        • 11.5.3.1 Grid management 164
        • 11.5.3.2 Energy trading 165
        • 11.5.3.3 GRC management 165
        • 11.5.3.4 Payment schemes 165
        • 11.5.3.5 Supply chain management 165
        • 11.5.3.6 Other energy & utility applications 166
    • 11.6 HEALTHCARE & LIFE SCIENCES 166
      • 11.6.1 NEED TO SECURE CRITICAL PATIENT DATA ACROSS NODES TO BOOST SEGMENT GROWTH 166
      • 11.6.2 HEALTHCARE & LIFE SCIENCES: BLOCKCHAIN MARKET DRIVERS 166
      • 11.6.3 APPLICATIONS IN HEALTHCARE & LIFE SCIENCES 167
        • 11.6.3.1 Clinical data exchange & interoperability 168
        • 11.6.3.2 Supply chain management 169
        • 11.6.3.3 Claims adjudication & billing management 169
        • 11.6.3.4 Other healthcare & life science applications 170
    • 11.7 MEDIA, ADVERTISING & ENTERTAINMENT 170
      • 11.7.1 TRACTION ACROSS DIGITAL ADVERTISING APPLICATIONS USING BLOCKCHAIN-BASED SMART CONTRACTS 170
      • 11.7.2 MEDIA, ADVERTISING & ENTERTAINMENT: BLOCKCHAIN MARKET DRIVERS 171
      • 11.7.3 APPLICATIONS IN MEDIA, ADVERTISING & ENTERTAINMENT 172
        • 11.7.3.1 Licensing & rights management 173
        • 11.7.3.2 Digital advertising 173
        • 11.7.3.3 Smart contracts 173
        • 11.7.3.4 Content security 174
        • 11.7.3.5 Online gaming 174
        • 11.7.3.6 Payments 174
        • 11.7.3.7 Other media, advertising & entertainment applications 174
    • 11.8 BANKING & FINANCIAL SERVICES 175
      • 11.8.1 RISING DEMAND FOR DECENTRALIZED BANKING PLATFORMS TO DRIVE MARKET 175
      • 11.8.2 BANKING & FINANCIAL SERVICES: BLOCKCHAIN MARKET DRIVERS 175
      • 11.8.3 APPLICATIONS IN BANKING & FINANCIAL SERVICES 176
        • 11.8.3.1 Payments, clearing & settlement 177
        • 11.8.3.2 Exchanges & remittance 178
        • 11.8.3.3 Smart contracts 178
        • 11.8.3.4 Identity management 179
        • 11.8.3.5 Compliance management/KYC 179
        • 11.8.3.6 Other banking & financial service applications 179
    • 11.9 INSURANCE 180
      • 11.9.1 AUTOMATION ACROSS INSURANCE AND RISK MANAGEMENT TO BOOST SALES 180
      • 11.9.2 INSURANCE: BLOCKCHAIN MARKET DRIVERS 180
      • 11.9.3 APPLICATIONS IN INSURANCE 181
        • 11.9.3.1 GRC management 182
        • 11.9.3.2 Death & claims management 183
        • 11.9.3.3 Payments 183
        • 11.9.3.4 Identity management & fraud detection 183
        • 11.9.3.5 Smart contracts 184
        • 11.9.3.6 Other insurance applications 184
    • 11.10 IT & TELECOM 184
      • 11.10.1 URGE TO PROTECT SENSITIVE TELECOM DATA TO FUEL SEGMENT GROWTH 184
      • 11.10.2 IT & TELECOM: BLOCKCHAIN MARKET DRIVERS 185
      • 11.10.3 APPLICATIONS IN IT & TELECOM 186
        • 11.10.3.1 OSS/BSS processes 187
        • 11.10.3.2 Identity management 187
        • 11.10.3.3 Payments 188
        • 11.10.3.4 Smart contracts 188
        • 11.10.3.5 Connectivity provisioning 188
        • 11.10.3.6 Other IT & telecom applications 188
    • 11.11 RETAIL & ECOMMERCE 189
      • 11.11.1 AUTOMATION ACROSS RETAIL CHANNELS FOR CURBING DATA THEFT TO PROPEL GROWTH 189
      • 11.11.2 RETAIL & ECOMMERCE: BLOCKCHAIN MARKET DRIVERS 189
      • 11.11.3 APPLICATIONS IN RETAIL & ECOMMERCE 190
        • 11.11.3.1 Compliance management 191
        • 11.11.3.2 Identity management 192
        • 11.11.3.3 Loyalty & rewards management 192
        • 11.11.3.4 Payments 192
        • 11.11.3.5 Smart contracts 192
        • 11.11.3.6 Supply chain management 193
        • 11.11.3.7 Other retail & eCommerce applications 193
    • 11.12 GOVERNMENT 194
      • 11.12.1 RISE IN CONCERNS ABOUT IDENTITY THEFT AND BUSINESS FRAUD TO DRIVE SEGMENT GROWTH 194
      • 11.12.2 GOVERNMENT: BLOCKCHAIN MARKET DRIVERS 194
      • 11.12.3 APPLICATIONS IN GOVERNMENT 195
        • 11.12.3.1 Asset registry 196
        • 11.12.3.2 Identity management 197
        • 11.12.3.3 Payments 197
        • 11.12.3.4 Smart contracts 197
        • 11.12.3.5 Voting 198
    • 11.13 REAL ESTATE & CONSTRUCTION 198
      • 11.13.1 TENANCY AGREEMENTS CREATED USING SMART CONTRACTS TO EASE PROCESS OF TRANSACTIONS BETWEEN BOTH PARTIES 198
      • 11.13.2 REAL ESTATE & CONSTRUCTION: BLOCKCHAIN MARKET DRIVERS 199
      • 11.13.3 APPLICATIONS IN REAL ESTATE & CONSTRUCTION 200
        • 11.13.3.1 Tokenization & asset management 200
        • 11.13.3.2 Smart contracts 200
        • 11.13.3.3 Other real estate & construction applications 201
    • 11.14 OTHER APPLICATION AREAS 201

  • 12 BLOCKCHAIN MARKET, BY REGION 203

    • 12.1 INTRODUCTION 204
    • 12.2 NORTH AMERICA 205
      • 12.2.1 NORTH AMERICA: BLOCKCHAIN MARKET DRIVERS 205
      • 12.2.2 NORTH AMERICA: IMPACT OF RECESSION 206
      • 12.2.3 NORTH AMERICA: REGULATORY LANDSCAPE 206
      • 12.2.4 US 212
        • 12.2.4.1 Blockchain technology adopted by US federal government to streamline and modernize processes 212
      • 12.2.5 CANADA 216
        • 12.2.5.1 Growth in digital technologies and internet to drive blockchain adoption 216
    • 12.3 EUROPE 220
      • 12.3.1 EUROPE: BLOCKCHAIN MARKET DRIVERS 220
      • 12.3.2 EUROPE: IMPACT OF RECESSION 221
      • 12.3.3 EUROPE: REGULATORY LANDSCAPE 221
      • 12.3.4 UK 225
        • 12.3.4.1 UK government using blockchain for risk management and secure financial transactions 225
      • 12.3.5 GERMANY 230
        • 12.3.5.1 Government and local communities paving way for development of blockchain ecosystem 230
      • 12.3.6 FRANCE 234
        • 12.3.6.1 Utilization of AI, IoT, and blockchain for industrial revolution and digital transformation 234
      • 12.3.7 REST OF EUROPE 238
    • 12.4 ASIA PACIFIC 242
      • 12.4.1 ASIA PACIFIC: BLOCKCHAIN MARKET DRIVERS 243
      • 12.4.2 ASIA PACIFIC: IMPACT OF RECESSION 243
      • 12.4.3 ASIA PACIFIC: REGULATORY LANDSCAPE 243
      • 12.4.4 CHINA 249
        • 12.4.4.1 Chinese government supports the use of blockchain 249
      • 12.4.5 JAPAN 253
        • 12.4.5.1 Rapid movement toward supply chain 4.0 driving blockchain adoption 253
      • 12.4.6 AUSTRALIA AND NEW ZEALAND 257
        • 12.4.6.1 Blockchain technology to revolutionize Australian financial sector 257
      • 12.4.7 SINGAPORE 262
        • 12.4.7.1 Utilization of blockchain technology in airlines and education sector 262
      • 12.4.8 REST OF ASIA PACIFIC 267
    • 12.5 MIDDLE EAST & AFRICA 271
      • 12.5.1 MIDDLE EAST & AFRICA: BLOCKCHAIN MARKET DRIVERS 272
      • 12.5.2 MIDDLE EAST & AFRICA: IMPACT OF RECESSION 272
      • 12.5.3 MIDDLE EAST & AFRICA: REGULATORY LANDSCAPE 272
      • 12.5.4 UAE 277
        • 12.5.4.1 Efforts to adopt latest technologies and innovative practices to boost blockchain adoption 277
      • 12.5.5 KINGDOM OF SAUDI ARABIA 281
        • 12.5.5.1 Investments and fundings to boost blockchain usage in financial sector 281
      • 12.5.6 ISRAEL 286
        • 12.5.6.1 Growing startups in the blockchain technology space 286
      • 12.5.7 SOUTH AFRICA 290
        • 12.5.7.1 Rising awareness about blockchain technology 290
      • 12.5.8 REST OF MIDDLE EAST & AFRICA 294
        • 12.5.8.1 Organizations adopting inorganic strategies to utilize blockchain technology 294
    • 12.6 LATIN AMERICA 298
      • 12.6.1 LATIN AMERICA: BLOCKCHAIN MARKET DRIVERS 299
      • 12.6.2 LATIN AMERICA: IMPACT OF RECESSION 299
      • 12.6.3 LATIN AMERICA: REGULATORY LANDSCAPE 299
      • 12.6.4 BRAZIL 304
        • 12.6.4.1 Integration of blockchain technology with digital identity application, documents, and authenticity/identity verification 304
      • 12.6.5 MEXICO 308
        • 12.6.5.1 Government agencies to utilize blockchain capabilities 308
      • 12.6.6 REST OF LATIN AMERICA 312

  • 13 COMPETITIVE LANDSCAPE 317

    • 13.1 OVERVIEW 317
    • 13.2 HISTORICAL REVENUE ANALYSIS 317
    • 13.3 REVENUE SHARE ANALYSIS OF LEADING PLAYERS 318
    • 13.4 MARKET SHARE ANALYSIS OF KEY PLAYERS 319
    • 13.5 RANKING OF KEY PLAYERS 320
    • 13.6 COMPANY EVALUATION QUADRANT 320
      • 13.6.1 COMPANY EVALUATION QUADRANT DEFINITIONS AND METHODOLOGY 320
    • 13.7 COMPETITIVE BENCHMARKING 321
      • 13.7.1 COMPANY FOOTPRINT 321
    • 13.8 COMPETITIVE LEADERSHIP MAPPING 322
      • 13.8.1 STARS 322
      • 13.8.2 EMERGING LEADERS 323
      • 13.8.3 PERVASIVE PLAYERS 323
      • 13.8.4 PARTICIPANTS 323
    • 13.9 STARTUP/SME EVALUATION QUADRANT 324
      • 13.9.1 PROGRESSIVE COMPANIES 324
      • 13.9.2 RESPONSIVE COMPANIES 325
      • 13.9.3 DYNAMIC COMPANIES 325
      • 13.9.4 STARTING BLOCKS 325
    • 13.10 COMPETITIVE BENCHMARKING OF STARTUPS/SMES 326
    • 13.11 KEY MARKET DEVELOPMENTS 327

  • 14 COMPANY PROFILES 338

    • 14.1 KEY PLAYERS 338
      • 14.1.1 IBM 338
      • 14.1.2 AWS 343
      • 14.1.3 ORACLE 348
      • 14.1.4 HUAWEI 352
      • 14.1.5 ACCENTURE 356
      • 14.1.6 WIPRO 360
      • 14.1.7 INFOSYS 362
      • 14.1.8 TCS 366
      • 14.1.9 SAP 369
      • 14.1.10 INTEL 372
      • 14.1.11 CONSENSYS 374
      • 14.1.12 NTT DATA 378
    • 14.2 OTHER PLAYERS 380
      • 14.2.1 BITFURY 380
      • 14.2.2 GUARDTIME 382
      • 14.2.3 CHAIN 384
      • 14.2.4 BLOCKCYPHER 386
      • 14.2.5 VMWARE 386
      • 14.2.6 SPINSYS 387
      • 14.2.7 LEEWAYHERTZ 388
      • 14.2.8 R3 389
      • 14.2.9 CEGEKA 390
      • 14.2.10 SYMBIONT 391
      • 14.2.11 BIGCHAINDB 392
      • 14.2.12 APPLIED BLOCKCHAIN 393
      • 14.2.13 RECORDSKEEPER 394
      • 14.2.14 BLOCKPOINT 395
      • 14.2.15 AUXESIS GROUP 396
      • 14.2.16 BLOCKCHAIN FOUNDRY 397
      • 14.2.17 FACTOM 398
      • 14.2.18 STRATIS 399
      • 14.2.19 DRAGONCHAIN 400

  • 15 ADJACENT MARKETS 401

    • 15.1 INTRODUCTION TO ADJACENT MARKETS 401
    • 15.2 LIMITATIONS 401
    • 15.3 BLOCKCHAIN SUPPLY CHAIN MARKET 401
      • 15.3.1 MARKET DEFINITION 401
    • 15.4 BLOCKCHAIN IOT MARKET 404
      • 15.4.1 MARKET DEFINITION 404
    • 15.5 BLOCKCHAIN-AS-A-SERVICE MARKET 406
      • 15.5.1 MARKET DEFINITION 406
    • 15.6 BLOCKCHAIN AI MARKET 407
      • 15.6.1 MARKET DEFINITION 407

  • 16 APPENDIX 410

    • 16.1 DISCUSSION GUIDE 410
    • 16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 414
    • 16.3 CUSTOMIZATION OPTIONS 416
    • 16.4 RELATED REPORTS 416
    • 16.5 AUTHOR DETAILS 417
USD 4,950 or Partial Purchase
*Prices are subject to change by the publisher.
© 2026 ShareFair Inc.