Global Blockchain Technology Strategic Business Report

by Arthur · March 27, 2023

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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