Managed Blockchain Services Market- Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032
Description
Market Overview
The Managed Blockchain Services Market is projected to grow from USD 2,222.60 million in 2024 to USD 5,622.11 million by 2032, at a compound annual growth rate (CAGR) of 12.3%.
This growth is fueled by the increasing adoption of blockchain technology across industries such as finance, healthcare, supply chain, and retail. Organizations are seeking secure and transparent solutions for data management and transaction processing. The rising demand for decentralized applications (DApps) and smart contracts to streamline operations and reduce operational costs further propels market growth. Many businesses prefer managed services to leverage blockchain without needing in-house expertise, reducing complexity and infrastructure costs. Key trends influencing the market include the integration of blockchain with IoT, artificial intelligence (AI), and cloud computing to enhance scalability and functionality. Governments and enterprises are heavily investing in blockchain to improve regulatory compliance and data security, driving demand for tailored managed solutions. Additionally, innovations in interoperable and customizable blockchain frameworks are enabling organizations to tailor the technology to their unique needs, further fueling adoption.
Market Drivers
Rising Demand for Decentralized Applications (DApps)
The increasing use of decentralized applications (DApps) and smart contracts is a significant factor driving the market. Businesses are utilizing these technologies to automate workflows, eliminate intermediaries, and reduce operational costs. Ethereum, for example, is widely used for developing DApps and smart contracts. Managed blockchain services simplify the deployment and maintenance of DApps, allowing organizations to focus on innovation rather than handling complex blockchain infrastructure. This trend is expected to expand as more industries recognize the benefits of decentralized operations and seek ways to optimize their processes.
Market Challenges
Complex Implementation and Integration Issues
Implementing and integrating blockchain technology presents significant challenges in the managed blockchain services market. Many organizations face difficulties when attempting to integrate blockchain solutions with their existing IT infrastructure, as legacy systems often lack compatibility with blockchain frameworks. This often requires significant customization and investment in new technologies. Additionally, businesses struggle to align blockchain solutions with their operational workflows, which can delay adoption and reduce overall efficiency. Managed service providers must address these challenges by offering flexible, interoperable solutions that minimize disruption and ensure seamless integration. Furthermore, the limited availability of skilled blockchain professionals exacerbates these challenges. The shortage of talent increases reliance on external service providers, driving up costs and complicating implementation processes. Many organizations are hesitant to adopt blockchain due to concerns about high upfront costs, lengthy deployment timelines, and uncertain returns on investment. Overcoming these barriers requires managed service providers to offer cost-effective, tailored solutions with clear value propositions to ease adoption.
Market Segmentation
By Offering
Tools
Services
By Application
Supply Chain Management
Smart Contracts
Identity Management
Payments
Governance, Risk, and Compliance Management
Others (Trade Finance, Data Storage)
By Organization Size
SMEs
Large Enterprises
By Vertical
BFSI (Banking, Financial Services, and Insurance)
FMCG (Fast-Moving Consumer Goods)
Healthcare
Manufacturing
Retail and eCommerce
Transportation and Logistics
Government and Public Sector
Energy and Utilities
Media and Entertainment
Others (Telecom and IT, Hospitality, Real Estate, Agriculture)
By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East and Africa
Key Players
Microsoft (US)
SAP (Germany)
Infosys (India)
AWS (US)
Huawei (China)
Wipro (India)
IBM (US)
Accenture (Dublin)
Oracle (US)
HPE (US)
The Managed Blockchain Services Market is projected to grow from USD 2,222.60 million in 2024 to USD 5,622.11 million by 2032, at a compound annual growth rate (CAGR) of 12.3%.
This growth is fueled by the increasing adoption of blockchain technology across industries such as finance, healthcare, supply chain, and retail. Organizations are seeking secure and transparent solutions for data management and transaction processing. The rising demand for decentralized applications (DApps) and smart contracts to streamline operations and reduce operational costs further propels market growth. Many businesses prefer managed services to leverage blockchain without needing in-house expertise, reducing complexity and infrastructure costs. Key trends influencing the market include the integration of blockchain with IoT, artificial intelligence (AI), and cloud computing to enhance scalability and functionality. Governments and enterprises are heavily investing in blockchain to improve regulatory compliance and data security, driving demand for tailored managed solutions. Additionally, innovations in interoperable and customizable blockchain frameworks are enabling organizations to tailor the technology to their unique needs, further fueling adoption.
Market Drivers
Rising Demand for Decentralized Applications (DApps)
The increasing use of decentralized applications (DApps) and smart contracts is a significant factor driving the market. Businesses are utilizing these technologies to automate workflows, eliminate intermediaries, and reduce operational costs. Ethereum, for example, is widely used for developing DApps and smart contracts. Managed blockchain services simplify the deployment and maintenance of DApps, allowing organizations to focus on innovation rather than handling complex blockchain infrastructure. This trend is expected to expand as more industries recognize the benefits of decentralized operations and seek ways to optimize their processes.
Market Challenges
Complex Implementation and Integration Issues
Implementing and integrating blockchain technology presents significant challenges in the managed blockchain services market. Many organizations face difficulties when attempting to integrate blockchain solutions with their existing IT infrastructure, as legacy systems often lack compatibility with blockchain frameworks. This often requires significant customization and investment in new technologies. Additionally, businesses struggle to align blockchain solutions with their operational workflows, which can delay adoption and reduce overall efficiency. Managed service providers must address these challenges by offering flexible, interoperable solutions that minimize disruption and ensure seamless integration. Furthermore, the limited availability of skilled blockchain professionals exacerbates these challenges. The shortage of talent increases reliance on external service providers, driving up costs and complicating implementation processes. Many organizations are hesitant to adopt blockchain due to concerns about high upfront costs, lengthy deployment timelines, and uncertain returns on investment. Overcoming these barriers requires managed service providers to offer cost-effective, tailored solutions with clear value propositions to ease adoption.
Market Segmentation
By Offering
Tools
Services
By Application
Supply Chain Management
Smart Contracts
Identity Management
Payments
Governance, Risk, and Compliance Management
Others (Trade Finance, Data Storage)
By Organization Size
SMEs
Large Enterprises
By Vertical
BFSI (Banking, Financial Services, and Insurance)
FMCG (Fast-Moving Consumer Goods)
Healthcare
Manufacturing
Retail and eCommerce
Transportation and Logistics
Government and Public Sector
Energy and Utilities
Media and Entertainment
Others (Telecom and IT, Hospitality, Real Estate, Agriculture)
By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East and Africa
Key Players
Microsoft (US)
SAP (Germany)
Infosys (India)
AWS (US)
Huawei (China)
Wipro (India)
IBM (US)
Accenture (Dublin)
Oracle (US)
HPE (US)
Table of Contents
190 Pages
- CHAPTER NO. 1 : INTRODUCTION
- 1.1.1. Report Description
- Purpose of the Report
- USP & Key Offerings
- 1.1.2. Key Benefits for Stakeholders
- 1.1.3. Target Audience
- 1.1.4. Report Scope
- CHAPTER NO. 2 : EXECUTIVE SUMMARY
- 2.1. [Managed Blockchain Services Market] Snapshot
- 2.1.1. [Managed Blockchain Services Market], 2024 - 2032 (USD Million)
- CHAPTER NO. 3 : [Managed Blockchain Services Market] – INDUSTRY ANALYSIS
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Challenges Analysis
- 3.4. Market Opportunities
- 3.5. Porter’s Five Forces Analysis
- CHAPTER NO. 4 : ANALYSIS COMPETITIVE LANDSCAPE
- 4.1. Company Market Share Analysis – 2023
- 4.2. [Managed Blockchain Services Market] Company Revenue Market Share, 2023
- 4.3. Company Assessment Metrics, 2023
- 4.4. Start-ups /SMEs Assessment Metrics, 2023
- 4.5. Strategic Developments
- 4.6. Key Players Product Matrix
- CHAPTER NO. 5 : PESTEL & ADJACENT MARKET ANALYSIS
- CHAPTER NO. 6 : [Managed Blockchain Services Market] – BY [Based on Offering] ANALYSIS
- CHAPTER NO. 7 : [Managed Blockchain Services Market] – BY [Based on Application] ANALYSIS
- CHAPTER NO. 8 : [Managed Blockchain Services Market] – BY [Based on Organization Size] ANALYSIS
- CHAPTER NO. 9 : [Managed Blockchain Services Market] – BY [Based on Verticals] ANALYSIS
- CHAPTER NO. 10 : [Managed Blockchain Services Market] – BY [Based on the Geography] ANALYSIS
- CHAPTER NO. 11 : [Managed Blockchain Services Market] – ANALYSIS
- CHAPTER NO. 12 : COMPANY PROFILES
- 9.1. Microsoft (US)
- 9.1.1. Company Overview
- 9.1.2. Product Portfolio
- 9.1.3. Swot Analysis
- 9.1.4. Business Strategy
- 9.1.5. Financial Overview
- 9.2. SAP (Germany)
- 9.3. Infosys (India)
- 9.4. AWS (US)
- 9.5. Huawei (China)
- 9.6. Wipro (India)
- 9.7. IBM (US)
- 9.8. Accenture (Dublin)
- 9.9. Oracle (US)
- 9.10. HPE (US)
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
