The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), UAE Blockchain Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of UAE Blockchain Industry (2025-2030):
According to the latest report, The UAE Blockchain Market size is projected to grow at a CAGR of around 42% during the forecast period, i.e., 2025-30. The report demonstrates the prominent factors propelling the exponential growth of the UAE Blockchain industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2020-23
- Base Year: 2024
- Forecast Period: 2025-30
- CAGR – 4.89%
What are the major Driver the global UAE Blockchain industry?
Digital Transformation Driving Market Growth – Digital transformation is the key driver of growth in the UAE Blockchain Market. The government’s strategic plans for the UAE economy are mainly based on digital transformations. With the increasing digitalization in several sectors, companies are seeking technology that can enhance security, transparency, and also efficiency in record keeping. Hence the demand for Blockchain technology is increasing, as it can record transactions in a secure and immutable way.
Additionally, the inclinations of individuals toward decentralized finance (DeFi) and digital assets, further elevate the market growth. Digital assets like Bitcoins and Ethereum, use blockchain technology for transparent and secure transactions. This alignment of blockchain technologies with rapid digital transformations in the UAE amplifies the UAE Blockchain Market Growth. For instance,
In July 2024, Dubai Customs launched its blockchain platform to improve clearance procedures by providing a more comfortable and easy way for shipping operations across Dubai and its borders.
In May 2024, Quest Global, announced that it has acquired a majority stake in People Tech Group, a renowned leader in next-generation digital transformation and digital innovation for Fortune 500 clients.
Download a sample PDF of this report to gain insights into the complete report structure – https://www.marknteladvisors.com/query/request-sample/uae-blockchain-market.html
UAE Blockchain Market Segmentation
The UAE Blockchain Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Type
- Public Blockchains- Market Size & Forecast 2020-2030, USD Million
- Private Blockchains- Market Size & Forecast 2020-2030, USD Million
- Consortium Blockchains- Market Size & Forecast 2020-2030, USD Million
- By Component
- Platform- Market Size & Forecast 2020-2030, USD Million
- Services- Market Size & Forecast 2020-2030, USD Million
- By Deployment
- On-Premises- Market Size & Forecast 2020-2030, USD Million
- Cloud-Based- Market Size & Forecast 2020-2030, USD Million
- Hybrid- Market Size & Forecast 2020-2030, USD Million
- By Enterprise Size
- Large Enterprises- Market Size & Forecast 2020-2030, USD Million
- SMEs- Market Size & Forecast 2020-2030, USD Million
- By Application
- Smart Contracts- Market Size & Forecast 2020-2030, USD Million
- Cryptocurrencies- Market Size & Forecast 2020-2030, USD Million
- Decentralized Applications- Market Size & Forecast 2020-2030, USD Million
- Identity Management- Market Size & Forecast 2020-2030, USD Million
- Internet of Things (IoT) – Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million
- By End User
- BFSI- Market Size & Forecast 2020-2030, USD Million
- Energy & Utilities- Market Size & Forecast 2020-2030, USD Million
- Government- Market Size & Forecast 2020-2030, USD Million
- Real Estate- Market Size & Forecast 2020-2030, USD Million
- Healthcare and Life Sciences- Market Size & Forecast 2020-2030, USD Million
- Manufacturing- Market Size & Forecast 2020-2030, USD Million
- IT & Telecom- Market Size & Forecast 2020-2030, USD Million
- Media & Entertainment- Market Size & Forecast 2020-2030, USD Million
- Retail & Consumer Goods- Market Size & Forecast 2020-2030, USD Million
- Travel and Transportation- Market Size & Forecast 2020-2030, USD Million
- Others (Education, etc.) – Market Size & Forecast 2020-2030, USD Million
- By Region
- Dubai
- Abu Dhabi
- Sharjah
- Northern Emirates
As per the regional aspect, the UAE Blockchain Market is expected to be dominated by UAE by capturing the potential market share.
Explore further details about this research report – https://www.marknteladvisors.com/research-library/uae-blockchain-market.html
Top Companies in the UAE Blockchain Market
OpenXcell, SoluLab, Cubix, Sfxdx, Quest GLT, Quytech, Digitalroar Softlabs, Apptunix, Web3soft, MixBytes, Aspired, and others
UAE Blockchain Industry Recent Development:
In August 2024: Ripple, the blockchain and crypto solution provider, partnered with the Dubai International Financial Centre’s (DIFC) Innovation Hub, to accelerate blockchain and digital assets innovation in the UAE.
In August 2024: Gate Ventures, the investment arm of cryptocurrency exchange Gate.io, partnered with the Blockchain Center in Abu Dhabi to launch a $100 million fund to drive Web3 innovation in the coming years.
Why Markntel Advisors Report?
Well-known business Prospects: Our accurate analysis market research report serves as a treasure map for discovering potential markets and novel product avenues. Additionally, it facilitates comprehensive comparisons of products and services.
Thoughtful Customer Insights: A market report provides the marketing department with an in-depth understanding of customer requirements and desires. This information is bound to enhance products, adjust pricing, and refine advertising strategies.
Empowering Data-Backed Judgement: Our comprehensive Market research encompasses a wide spectrum of activities, including precise market sizing, detailed segment analysis, accurate demand forecasting, competitor identification, and meticulous pricing trend monitoring.
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