SKU ID :
No. of pages:
The blockchain market is expected to grow at a CAGR 61.08% rate during the forecast period. The increasing need for simplifying the business processes and need for supply chain management applications integrated with the blockchain technology will drive the market.
Smart contracts application segment to grow at the highest rate during the forecast period. Smart contracts deployed over the blockchain network guarantees that the contract terms and conditions cannot be modified. The blockchain technology makes it impossible for third parties to hack or tamper the data in contracts. Organizations across industry verticals, therefore, are deploying blockchain-based smart contracts to reduce the costs of verification, execution, arbitration, and fraud prevention.
SMEs segment to grow at a higher rate in the market during the forecast period, owing to a need for streamlining the business processes cost-effectively across SMEs. The adoption of the blockchain technology is currently in the experimentation phase in most of the SMEs, however, the adoption rate in the SMEs segment is expected to increase significantly in the coming years, owing to the low infrastructure costs and transparency.
BFSI industry vertical to hold the largest market share. The BFSI industry vertical has realized the significance of the blockchain technology which helps secure transactions for customers. The blockchain technology in the BFSI industry vertical is expected to experience rapid growth worldwide, due to various factors, such as high compatibility with the financial services industry ecosystem, rising cryptocurrencies and Initial Coin Offerings (ICOs), rapid transactions, and reduced total cost of ownership.
North America is estimated to hold the largest share in the market. Early adoption of blockchain technologies by the organizations in the region and the emergence of several blockchain technology providers will contribute to the overall share of the market. Businesses in North America have recognized the potential of the blockchain technology in delivering enhanced customer experiences, hence they have started adopting the technology to develop business applications.
Key market players include IBM (US), AWS (US), Microsoft (US), SAP (Germany), Intel (US), Oracle (US), Bitfury (US), Cegeka (Netherlands), Earthport (UK), Guardtime (Estonia), Digital Asset Holdings (US), Chain (US), Huawei (China), BlockCypher (US), Symbiont (US), BigchainDB ( Germany), Applied Blockchain (UK), RecordsKeeper (Gibraltar), Blockpoint (US), Auxesis Group (India), BTL Group (Canada), Blockchain Foundry (Singapore), AlphaPoint (US), and Factom (US).
Key Questions addressed by the report
- Which are the new market segments to focus over the next 2–5 years for prioritizing the efforts and investments?
- Which are the key players in the market and how intense is the competition?
- What are the innovations and developments done by major market players?
- What are the driving factors, opportunitites, restraints, and challenges for the Blockchain Market?
- What are the regulatory implications that impact the market directly and indirectly?
2. Research Methodology
Limitation and Assumptions
3. Executive Overview
4. Market Overview
5. Blockchain Market, By Application
Governance, Risk, and Compliance Management
6. Blockchain Market, By Industry Vertical
IT and Telecommunication
Healthcare and Life Sciences
Media and Entertainment
Travel and Hospitality
Transportation and Logistics
Retail and E-Commerce
7. Blockchain Market, By Provider
Infrastructure and Protocols Provider
Application and Solution Provider
8. Blockchain Market, By Organization Size
9. Blockchain Market, By Region
Rest of Europe
Rest of APAC
Rest of Middle East
Rest of the World
10. Company Profiles
Digital Asset Holdings
Buy Chapters or Sections
Avail customized purchase options to meet your exact research needs:
- Buy sections of this report
- Buy country level reports
- Request for historical data
- Request discounts available for Start-Ups & Universities
Why Choose Us
- 24/5 Research support
Get your queries resolved from an industry expert.
- Custom research service
Design an exclusive study to serve your research needs.
- Quality assurance
A testimonial for service in the form of BBB “A” Accreditation.
- Information security
Your personal and confidential information is safe and secure.
Key Topic Covered
Team User, Single User, Enterprise Access