Product Code: GVR-1-68038-329-4
Blockchain Technology Market Growth & Trends:
The global blockchain technology market size is estimated to reach USD 1,431.54 billion by 2030, registering a CAGR of 90.1% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to the increasing digitalization across the BFSI sector. Furthermore, the growing use of contactless blockchain digital ticketing at various events is also expected to drive the market's growth.
The growing use of cryptocurrency worldwide is also anticipated to drive the market growth. This is because cryptocurrencies such as Ethereum and Bitcoin operate on blockchain technology. The demand for cryptocurrency is increasing due to benefits such as easy transactions, inflation hedges, and enhanced security. According to the statistics provided by TripleA, a cryptocurrency solution provider, more than 300 million people worldwide used or owned cryptocurrency in 2021.
In June 2023, QuickNode teamed up with Chainlink Labs in a collaborative effort to foster the expansion of blockchain ecosystems. Their joint mission involves furnishing a robust and secure core infrastructure to facilitate the seamless scalability of blockchain projects. QuickNode extended its support to the developer community by sponsoring the Chainlink Spring 2023 Hackathon. This initiative aims to empower Web3 builders by enhancing their skill sets and enabling them to use blockchain infrastructure efficiently.
The COVID-19 pandemic is expected to positively impact the market growth over the forecast period. The growing online sales due to COVID-19 are expected to create a demand for blockchain technology among e-commerce companies. E-commerce companies use blockchain technology for supply chain management.
Blockchain Technology Market Report Highlights:
- The public cloud segment dominated the market in 2024 and accounted for more than 61.5% share of the global revenue. Public cloud providers offer a scalable and cost-effective infrastructure for deploying blockchain solutions.
- The infrastructure & protocols segment dominated the market in 2024. The growth is driven by increasing demand for blockchain standards and protocols.
- The payments segment dominated the market in 2024, attributed to the increasing demand for customizable and scalable blockchain infrastructure solutions across industries.
- The large enterprises segment dominated the market in 2024 and held largest share of the global revenue. Large enterprises operating in sectors such as insurance, financial services, healthcare, and supply chain are increasingly making efforts to digitalize their offerings, which is creating a demand for blockchain technology among them.
- The financial services segment dominated the market in 2024. Blockchain technology in BFSI is leveraged for managing financial transactions taking place in businesses.
- North America dominated the blockchain technology market in 2024 and accounted for over 37.4% share of the global revenue.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Blockchain Technology Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Blockchain Technology Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technological landscape
- 3.4. Pain Point Analysis
Chapter 4. Blockchain Technology: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Blockchain Technology: Type Movement Analysis, 2024 & 2030 (USD Million)
- 4.3. Public Cloud
- 4.3.1. Public Cloud Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Private Cloud
- 4.4.1. Private Cloud Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Hybrid Cloud
- 4.5.1. Hybrid Cloud Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Blockchain Technology: Component Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Blockchain Technology: Component Movement Analysis, 2024 & 2030 (USD Million)
- 5.3. Application & Solution
- 5.3.1. Application & Solution Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Infrastructure & Protocols
- 5.4.1. Infrastructure & Protocols Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Middleware
- 5.5.1. Middleware Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Blockchain Technology: Offering Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Blockchain Technology: Offering Movement Analysis, 2024 & 2030 (USD Million)
- 6.3. Platform
- 6.3.1. Platform Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Services
- 6.4.1. Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Blockchain Technology: Application Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Blockchain Technology: Application Movement Analysis, 2024 & 2030 (USD Million)
- 7.3. Digital Identity
- 7.3.1. Digital Identity Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Exchanges
- 7.4.1. Exchanges Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Payments
- 7.5.1. Payments Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Smart Contracts
- 7.6.1. Smart Contracts Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.7. Supply Chain Management
- 7.7.1. Supply Chain Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.8. Others
- 7.8.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Blockchain Technology: Enterprise Size Estimates & Trend Analysis
- 8.1. Segment Dashboard
- 8.2. Blockchain Technology: Enterprise Size Movement Analysis, 2024 & 2030 (USD Million)
- 8.3. Large Enterprises
- 8.3.1. Large Enterprises Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4. Small & Medium Enterprises
- 8.4.1. Small & Medium Enterprises Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Blockchain Technology: End Use Estimates & Trend Analysis
- 9.1. Segment Dashboard
- 9.2. Blockchain Technology: End Use Movement Analysis, 2024 & 2030 (USD Million)
- 9.3. Banking & Financial Services
- 9.3.1. Banking & Financial Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4. Government
- 9.4.1. Government Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.5. Healthcare
- 9.5.1. Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.6. Media & Entertainment
- 9.6.1. Media & Entertainment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.7. Retail & eCommerce
- 9.7.1. Retail & eCommerce Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.8. Transportation & Logistics
- 9.8.1. Transportation & Logistics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.9. Travel
- 9.9.1. Travel Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.10. Manufacturing
- 9.10.1. Manufacturing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.11. IT & Telecom
- 9.11.1. IT & Telecom Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.12. Real Estate & Construction
- 9.12.1. Real Estate & Construction Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.13. Energy & Utilities
- 9.13.1. Energy & Utilities Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.14. Others
- 9.14.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 10. Blockchain Technology: Regional Estimates & Trend Analysis
- 10.1. Blockchain Technology Share, By Region, 2024 & 2030 (USD Million)
- 10.2. North America
- 10.2.1. North America Blockchain Technology Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.2.2. U.S.
- 10.2.2.1. U.S. Blockchain Technology Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.2.3. Canada
- 10.2.3.1. Canada Blockchain Technology Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.2.4. Mexico
- 10.2.4.1. Mexico Blockchain Technology Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.3. Europe
- 10.3.1. Europe Blockchain Technology Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.3.2. UK
- 10.3.2.1. UK Blockchain Technology Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.3.3. Germany
- 10.3.3.1. Germany Blockchain Technology Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.3.4. France
- 10.3.4.1. France Blockchain Technology Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.4. Asia Pacific
- 10.4.1. Asia Pacific Blockchain Technology Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.4.2. China
- 10.4.2.1. China Blockchain Technology Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.4.3. Japan
- 10.4.3.1. Japan Blockchain Technology Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.4.4. India
- 10.4.4.1. India Blockchain Technology Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.4.5. South Korea
- 10.4.5.1. South Korea Blockchain Technology Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.4.6. Australia
- 10.4.6.1. Australia Blockchain Technology Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.5. Latin America
- 10.5.1. Latin America Blockchain Technology Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.5.2. Brazil
- 10.5.2.1. Brazil Blockchain Technology Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.6. Middle East and Africa
- 10.6.1. Middle East and Africa Blockchain Technology Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.6.2. UAE
- 10.6.2.1. UAE Blockchain Technology Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.6.3. KSA
- 10.6.3.1. KSA Blockchain Technology Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.6.4. South Africa
- 10.6.4.1. South Africa Blockchain Technology Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 11. Competitive Landscape
- 11.1. Company Categorization
- 11.2. Company Market Positioning
- 11.3. Company Heat Map Analysis
- 11.4. Company Profiles/Listing
- 11.4.1. IBM Corporation
- 11.4.1.1. Participant's Overview
- 11.4.1.2. Financial Performance
- 11.4.1.3. Product Benchmarking
- 11.4.1.4. Strategic Initiatives
- 11.4.2. Microsoft Corporation
- 11.4.2.1. Participant's Overview
- 11.4.2.2. Financial Performance
- 11.4.2.3. Product Benchmarking
- 11.4.2.4. Strategic Initiatives
- 11.4.3. The Linux Foundation
- 11.4.3.1. Participant's Overview
- 11.4.3.2. Financial Performance
- 11.4.3.3. Product Benchmarking
- 11.4.3.4. Strategic Initiatives
- 11.4.4. Blockchain Tech LTD
- 11.4.4.1. Participant's Overview
- 11.4.4.2. Financial Performance
- 11.4.4.3. Product Benchmarking
- 11.4.4.4. Strategic Initiatives
- 11.4.5. Chain
- 11.4.5.1. Participant's Overview
- 11.4.5.2. Financial Performance
- 11.4.5.3. Product Benchmarking
- 11.4.5.4. Strategic Initiatives
- 11.4.6. Circle Internet Financial, LLC
- 11.4.6.1. Participant's Overview
- 11.4.6.2. Financial Performance
- 11.4.6.3. Product Benchmarking
- 11.4.6.4. Strategic Initiatives
- 11.4.7. Deloitte Touche Tohmatsu Limited
- 11.4.7.1. Participant's Overview
- 11.4.7.2. Financial Performance
- 11.4.7.3. Product Benchmarking
- 11.4.7.4. Strategic Initiatives
- 11.4.8. Digital Asset Holdings, LLC
- 11.4.8.1. Participant's Overview
- 11.4.8.2. Financial Performance
- 11.4.8.3. Product Benchmarking
- 11.4.8.4. Strategic Initiatives
- 11.4.9. Global Arena Holding, Inc. (GAHC)
- 11.4.9.1. Participant's Overview
- 11.4.9.2. Financial Performance
- 11.4.9.3. Product Benchmarking
- 11.4.9.4. Strategic Initiatives
- 11.4.10. Monax Labs
- 11.4.10.1. Participant's Overview
- 11.4.10.2. Financial Performance
- 11.4.10.3. Product Benchmarking
- 11.4.10.4. Strategic Initiatives
- 11.4.11. Ripple
- 11.4.11.1. Participant's Overview
- 11.4.11.2. Financial Performance
- 11.4.11.3. Product Benchmarking
- 11.4.11.4. Strategic Initiatives