What are the recent trends in market size and growth for the blockchain technologies market?
The blockchain technologies market size has grown exponentially in recent years. It will grow from $20.65 billion in 2024 to $31.73 billion in 2025 at a compound annual growth rate (CAGR) of 53.6%. The growth in the historic period can be attributed to cryptocurrency adoption and transactions, supply chain transparency and traceability, smart contracts and automation, cross-border payments and remittances, digital identity and authentication.
The blockchain technologies market size is expected to see exponential growth in the next few years. It will grow to $159.53 billion in 2029 at a compound annual growth rate (CAGR) of 49.7%. The growth in the forecast period can be attributed to decentralized finance (DEFI) growth, non-fungible tokens (NFTs) and digital assets, blockchain in healthcare for data security, environmental, social, and governance (ESG) considerations, integration with internet of things (IoT). Major trends in the forecast period include blockchain in supply chain, government and institutional adoption, layer 2 scaling solutions, cross-industry collaborations, tokenization of assets.
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How have varous drivers impacted the growth of the blockchain technologies market?
The favorable government initiatives towards blockchain is expected to drive the blockchain technologies market. Governments of both advanced and developing economies are focusing on framing policies and frameworks for adopting blockchain. For example, in January 2023, The Indian Government, through launched a blockchain module in collaboration with 5ire an India-based blockchain platform and Network Capital a India-based mentorship and career exploration platform aiming to foster innovation and entrepreneurship in India. Therefore, favorable government initiatives are expected to boost the demand for blockchain technologies in the forecast period.
What are the primary segments of the blockchain technologies market?
The blockchain technologies market covered in this report is segmented –
1) By Type: Public, Private, Hybrid
2) By Provider: Application Providers, Middleware Providers, Infrastructure Providers
3) By Application: Payments, Exchanges, Smart Contracts, Documentation, Digital Identity, Supply Chain Management, Governance, Risk And Compliance Management, Other Applications (Digital Voting And Content
Storage Management)
4) By End User: Financial Services, Consumer Or Industrial Electronics, Technology, Media And Telecom, Healthcare, Transportation, Public Sector, Other End-Users
Subsegments:
1) By Public: Permissionless Blockchain, Open Source Blockchain
2) By Private: Permissioned Blockchain, Consortium Blockchain
3) By Hybrid: Semi-Permissioned Blockchain, Interoperability Solutions
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Which firms are leading the blockchain technologies market?
Major companies operating in the blockchain technologies market include Microsoft Corporation, Huawei Technologies Co. Ltd., Amazon Web Services Inc., International Business Machines Corporation, Deloitte Touche Tohmatsu Limited, Infosys Limited, Coinbase Global Inc., Auxesis Group, Cegeka NV, Circle Internet Financial Limited, Celsius Network Ltd., Canaan Inc., BTL Group Ltd., Patron Technology Ltd., Riot Blockchain Inc., Ripple Labs Inc., R3 LLC, Bitfury Group Limited, Steemit Inc., Applied Blockchain Ltd., BlockCypher Inc., Blockpoint Inc., AlphaPoint Corp., Chain Inc., BigchainDB GmbH, TraDove Inc., Symbiont.io Inc., Blockchain Foundry Inc., Factom Inc., Menlo One Ltd., RecordsKeeper, Galaxy Digital Holdings Ltd., BlockFi Lending LLC, ConsenSys AG, MoonPay Limited, Lockheed Martin Corporation, Blockdaemon Corp.
How will industry trends affect the trajectory of the blockchain technologies market?
Companies across various industries are increasingly investing in blockchain technology due to its high efficiency in data management. The blockchain technology is growing strongly in major sectors such as healthcare, banking and finance, digital assets, and also in several government departments. Thus, companies like VISA, Facebook, Microsoft, and Amazon are investing in the technology to integrate blockchain with their daily operations at an early stage. Companies use blockchain technology to create smart contracts, this helps to speed up the payment processes as well as provides support while investing in the stock exchange. In September 2024, the Indian government launched the Vishvasya-Blockchain Technology Stack as part of its initiative to promote Blockchain-as-a-Service (BaaS) with a distributed infrastructure. This launch was spearheaded by S. Krishnan, the Secretary of the Ministry of Electronics and Information Technology (MeitY). The stack aims to enhance security, transparency, and trust in digital services for citizens.
What are the key regional dynamics of the blockchain technologies market, and which region leads in market share?
Asia Pacific was the largest region in the blockchain technologies market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blockchain technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Blockchain Technologies Market Report 2025 Offer?
The blockchain technologies market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Blockchain is an immutable shared ledger that records online transactions, tracks assets, and builds trust in a business network.
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