Blockchain Technology

Global Blockchain Technology Market to Reach US$56.8 Billion by 2030

The global market for Blockchain Technology estimated at US$6.2 Billion in the year 2024, is expected to reach US$56.8 Billion by 2030, growing at a CAGR of 44.6% over the analysis period 2024-2030. Public, one of the segments analyzed in the report, is expected to record a 46.4% CAGR and reach US$41.5 Billion by the end of the analysis period. Growth in the Private segment is estimated at 39.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.8 Billion While China is Forecast to Grow at 51.5% CAGR

The Blockchain Technology market in the U.S. is estimated at US$1.8 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.2 Billion by the year 2030 trailing a CAGR of 51.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 38.4% and 38.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 42.6% CAGR.

Global Blockchain Technology Market - Key Trends & Drivers Summarized

Blockchain technology is a decentralized and distributed ledger system that securely records transactions across multiple computers. It is best known as the underlying technology behind cryptocurrencies like Bitcoin and Ethereum, but its applications extend far beyond digital currencies. Blockchain offers transparency, security, and immutability, making it suitable for various industries, including finance, supply chain management, healthcare, and real estate. By enabling secure and transparent record-keeping, blockchain can streamline processes, reduce fraud, and enhance trust among participants in a network.

In the financial sector, blockchain is revolutionizing the way transactions are conducted, offering faster, more secure, and cost-effective alternatives to traditional banking systems. Smart contracts, which are self-executing contracts with the terms directly written into code, are one of the significant innovations brought by blockchain, enabling automated and trustless transactions. In supply chain management, blockchain provides end-to-end visibility and traceability of goods, ensuring product authenticity and reducing the risk of counterfeiting. The healthcare industry is leveraging blockchain to secure patient data, improve data interoperability, and ensure the integrity of medical records.

The growth in the blockchain technology market is driven by several factors. Firstly, the increasing adoption of blockchain in the financial sector for secure and efficient transactions is a major driver. Secondly, the demand for transparency and traceability in supply chains is boosting the adoption of blockchain solutions. Thirdly, advancements in blockchain platforms and the development of scalable and interoperable solutions are enhancing the technology`s capabilities and usability. Additionally, the rise of decentralized finance (DeFi) applications is expanding the use cases for blockchain beyond traditional finance. Furthermore, the integration of blockchain with emerging technologies like IoT and AI is creating new opportunities for innovation. Lastly, supportive regulatory frameworks and increasing investments in blockchain research and development are further driving the growth of the blockchain technology market.

SCOPE OF STUDY:

The report analyzes the Blockchain Technology market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Public, Private, Hybrid); Component (Infrastructure & Protocols, Application & Solutions, Middleware); End-Use (Financial Services, Healthcare, Transportation & Logistics, Government, Retail, Media & Entertainment, Other End-Uses)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.

Select Competitors (Total 317 Featured) -

• Accenture PLC
• Amazon Web Services, Inc.
• Aleo Systems Inc.
• Altoros
• 4IRE labs
• Adbank
• ANX International
• APPII
• Applover Software House
• ARK Ecosystem, SCIC (ARK.io)
• Artory
• AlphaPoint
• Antier Solutions Pvt Ltd
• Accubits
• Andersen Lab

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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