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India Blockchain Technology Market Forecast to 2030

Publisher Market Research Future
Published Nov 20, 2023
Length 141 Pages
SKU # RESFT18400564

Description

India Blockchain Technology Market - Forecast to 2030


The term ""blockchain"" has arisen as a potentially transformational force in a variety of elements of government and business sector activities. Its potential has been recognized internationally, with a range of international organizations and technology businesses emphasizing the benefits of its use in lowering operational and compliance costs while also enhancing efficiency. While the technical foundations of the technology might be scary to many policymakers and decision-makers, blockchain can offer ease of cooperation for businesses and ease of living for our population by introducing transparency across government and private sector interfaces. Even though the technology is still in its early stages of development and adoption as it evolves, stakeholders such as policymakers, regulators, industry, and citizens must understand the functional definition of the entire suite of blockchain or distributed ledger technologies, as well as legal and regulatory issues and other implementation prerequisites. As crucial is the fact that this technology may not be uniformly more efficient, thus particular use cases where it provides value and others where it does not must be discovered.

The India blockchain technology market is estimated to garner a large amount of revenue and grow at a CAGR of 82.3% over the forecast period, i.e., 2022–2030. The market's expansion is attributable to the increased automation with data integrity and security. Additionally, the market is anticipated to see profitable prospects soon due to the government initiatives on establishing national blockchain framework.

Market Segmentation

The India blockchain technology market has been segmented based on type, platform, organization size, application, and end user. Based on type the market has been segmented application and solution providers, middleware provider and infrastructure & protocol provider. Based on platform, the market is bifurcated into bitcoin, ethereum, polygon, solana, hyperledger, multichain and others. By organization size, the market is divided into SME’s and large enterprises. Based on application, the India blockchain technology market has been segmented into payment & transactions, smart contracts, digital identity, documentation, exchanges, gaming, legal tech, accounting, supply chain/ logistic transactions, micro payments, and others. Based on end user, the market is segmented BFSI, healthcare & life sciences, IT & telecommunications, retail, government, travel & hospitality, education/ research institutions, media & entertainment, real estate & construction, and others.

Major Players

The key players in the market are Infosys Limited, Tata Consultancy Services Ltd., IBM Corporation, Accenture, Circle Internet Financial Limited and Others.

Companies Mentioned

Infosys Limited
Tata Consultancy Services Ltd.
IBM Corporation
Accenture
Circle Internet Financial Limited and Others

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Table of Contents

141 Pages
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Research Objective
2.4 Market Structure
3 Research Methodology
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Growing Need For Simplifying Business Processes
4.2.2 Rising Demand For Improved Contractual Performance
4.2.3 Increased Automation With Data Integrity And Security
4.2.4 Government Initiatives On Establishing National Blockchain Framework
4.2.5 Drivers Impact Analysis
4.3 Restraints
4.3.1 Concerns Regarding Integration With The Existing Applications
4.3.2 Uncertain Regulatory Standards
4.3.3 Restraints Impact Analysis
4.4 Opportunity
4.4.1 Rising Adoption Of Blockchain For Payments, Smart Contracting, And Digital Identities
4.4.2 Developments Of New Business Models
4.4.3 Blockchain Based Letter Of Credit (Lc) Processing In Bfsi Sector
4.4.4 Emerging Crypto Micropayments Industry
4.4.5 Blockchain Technology Accelerating Iot Adoption
4.4.6 Potential To Enhance Self-defense Capabilities In Smart Cities Through Blockchain
4.4.7 Blockchain Technology For Sustainable And Environment Friendly Supply Chain Practices
4.4.8 Impact Of Blockchain On Logistics Industry
4.4.9 Blockchain Opportunities For Healthcare Applications
5 Market Factor Analysis
5.1 Value Chain Analysis
5.1.1 Blockchain Software Platform Providers
5.1.2 Security & Infrastructure Service Providers
5.1.3 Deployment And Middleware Service Providers
5.1.4 End-users
5.2 Impact Of Blockchain In Supply Chain
5.2.1 Provenance Tracking
5.2.2 Cost Reduction
5.2.3 Enabling Trust
5.3 Porter’s Five Forces Model
5.3.1 Threat Of New Entrant
5.3.2 Bargaining Power Of Platform Supplier
5.3.3 Bargaining Power Of End-user
5.3.4 Threat Of Substitute
5.3.5 Intensity Of Rivalry
5.4 Impact Of Covid-19
5.4.1 Impact On Blockchain Industry In India
5.4.2 Impact On Crypto, Blockchain, Nft In India
5.4.3 Blockchain As An Enabling Technology Post Covid-19 Era
5.4.4 Impact On Various Industry Vertical
5.5 Market Swoc Analysis
5.5.1 Weaknesses
5.5.2 Opportunities
5.5.3 Challenges
5.6 National Blockchain Framework
5.6.1 Multi-institutional Approach For National Blockchain Framework
5.7 Blockchain Regulatory Landscape In India
5.8 India Blockchain Efforts – Applications Developed And Piloted
5.8.1 Meity
5.8.2 Nic
5.8.3 Negd
5.8.4 C-dac
5.8.5 Academia
5.8.6 Niti Aayog
5.8.7 Govt. Of Telangana And Govt. Of Tamil Nadu
5.8.8 Banking Sector
5.8.9 Idrbt
5.9 Government Strategies For The Next 5 Years
5.9.1 National Blockchain Framework
5.9.2 Geographically Distributed Nodes
5.9.3 Blockchain-as-a-service
5.9.4 Policies And Regulations
5.9.5 Institutional Mechanism
5.9.6 Adoption Incentives
6 India Blockchain Technology Market, By Type
6.1 Overview
6.2 Market Estimates And Forecast, By Type, 2018–2030
6.3 Application And Solution Provider
6.4 Middleware Provider
6.5 Infrastructure & Protocol Provider
7 India Blockchain Technology Market, By Platform
7.1 Overview
7.2 Market Estimates And Forecast, By Platform, 2018–2030
7.3 Bitcoin
7.4 Ethereum
7.5 Polygon
7.6 Solana
7.7 Hyperledger
7.8 Multichain
7.9 Others
8 India Blockchain Technology Market, By Organization Size
8.1 Overview
8.2 Market Estimates And Forecast, By Organization Size, 2018–2030
8.3 Large Enterprise
8.4 Small And Medium Enterprise
9 India Blockchain Technology Market, By Application
9.1 Overview
9.2 Market Estimates And Forecast, By Application, 2018–2030
9.3 Payment & Transaction
9.4 Smart Contract
9.5 Digital Identity
9.6 Documentation
9.7 Exchanges
9.8 Gaming
9.9 Legal Tech
9.10 Accounting
9.11 Supply Chain/ Logistic Transactions
9.12 Micro Payments
9.13 Others
10 India Blockchain Technology Market, By End User
10.1 Overview
10.2 Market Estimates And Forecast, By End User, 2018–2030
10.3 Bfsi
10.3.1 Vendor Share Analysis, 2021 (%)
10.3.2 Use Cases And Trends
10.4 Healthcare & Life Sciences
10.4.1 Vendor Share Analysis, 2021 (%)
10.4.2 Use Cases And Trends
10.5 It & Telecommunication
10.5.1 Vendor Share Analysis, 2021 (%)
10.5.2 Use Cases And Trends
10.6 Retail
10.6.1 Vendor Share Analysis, 2021 (%)
10.6.2 Use Cases And Trends
10.7 Government
10.7.1 Vendor Share Analysis, 2021 (%)
10.7.2 Use Cases And Trends
10.8 Travel & Hospitality
10.8.1 Vendor Share Analysis, 2021 (%)
10.8.2 Use Cases And Trends
10.9 Real Estate & Construction
10.9.1 Vendor Share Analysis, 2021 (%)
10.9.2 Use Cases And Trends
10.10 Education/ Research Institutions
10.10.1 Vendor Share Analysis, 2021 (%)
10.10.2 Use Cases And Trends
10.11 Media & Entertainment
10.11.1 Vendor Share Analysis, 2021 (%)
10.11.2 Use Cases And Trends
10.12 Others
11 Competitve Landscape
11.1 Competitive Benchmarking
11.2 Vendor Share Analysis
11.3 Recent Developments
11.3.1 Partnerships/Agreements/Contracts/Collaborations
12 Company Profiles
12.1 Ibm Corporation
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Products/Solutions/Services Offered
12.1.4 Key Developments
12.1.5 Swot Analysis
12.1.6 Key Strategies
12.2 Infosys Limited
12.2.1 Company Overview
12.2.2 Financial Overview
12.2.3 Products/Solutions/Services Offered
12.2.4 Key Developments
12.2.5 Swot Analysis
12.2.6 Key Strategies
12.3 Hashcash Consultants
12.3.1 Company Overview
12.3.2 Financial Overview
12.3.3 Products/Solutions/Services Offered
12.3.4 Key Developments
12.3.5 Swot Analysis
12.3.6 Key Strategies
12.4 Tata Consultancy Services Limited
12.4.1 Company Overview
12.4.2 Financial Overview
12.4.3 Products/Solutions/Services Offered
12.4.4 Key Developments
12.4.5 Swot Analysis
12.4.6 Key Strategies
12.5 Krypc
12.5.1 Company Overview
12.5.2 Financial Overview
12.5.3 Products/Solutions/Services Offered
12.5.4 Swot Analysis
12.5.5 Key Developments
12.6 Ripple Labs Inc.
12.6.1 Company Overview
12.6.2 Financial Overview
12.6.3 Products/Solutions/Services Offered
12.6.4 Key Developments
12.6.5 Swot Analysis
12.6.6 Key Strategies
12.7 Accenture
12.7.1 Company Overview
12.7.2 Financial Overview
12.7.3 Products/Solutions/Services Offered
12.7.4 Key Developments
12.7.5 Swot Analysis
12.7.6 Key Strategies
12.8 Indus Net Technologies (Int.)
12.8.1 Company Overview
12.8.2 Financial Overview
12.8.3 Products/Solutions/Services Offered
12.8.4 Key Developments
12.8.5 Key Strategies
12.9 Polygon Technology
12.9.1 Company Overview
12.9.2 Financial Overview
12.9.3 Products/Solutions/Services Offered
12.9.4 Key Developments
12.9.5 Swot Analysis
12.9.6 Key Strategies
12.10 Accely Group
12.10.1 Company Overview
12.10.2 Financial Overview
12.10.3 Products/Solutions/Services Offered
12.10.4 Key Developments
12.11 Circle Internet Financial Limited
12.11.1 Company Overview
12.11.2 Financial Overview
12.11.3 Products/Solutions/Services Offered
12.11.4 Key Developments
12.11.5 Swot Analysis
12.11.6 Key Strategies
12.12 Rejolut Technology Solutions Pvt. Ltd.
12.12.1 Company Overview
12.12.2 Financial Overview
12.12.3 Products/Solutions/Services Offered
12.12.4 Key Developments
12.13 Solana
12.13.1 Company Overview
12.13.2 Financial Overview
12.13.3 Products/Solutions/Services Offered
12.13.4 Key Developments
12.13.5 Swot Analysis
12.13.6 Key Strategies
12.14 Cigniti Technologies Limited
12.14.1 Company Overview
12.14.2 Financial Overview
12.14.3 Products/Solutions/Services Offered
12.14.4 Key Developments
12.14.5 Swot Analysis
12.14.6 Key Strategies
12.15 Talentica Software India Pvt. Ltd
12.15.1 Company Overview
12.15.2 Financial Overview
12.15.3 Products/Solutions/Services Offered
12.15.4 Key Developments
13 Conclusion
13.1 India Blockchain Technology – Use Case Scenarios
13.2 Adoption Challenges
List Of Tables
Table 1 Market Synopsis
Table 2 Organization With Responsibilities
Table 3 India Blockchain Technology Market, By Type, 2018–2030 (Usd Million)
Table 4 India Blockchain Technology Market, By Platform, 2018–2030 (Usd Million)
Table 5 India Blockchain Technology Market, By Organization Size, 2018–2030 (Usd Million)
Table 6 India Blockchain Technology Market, By Application, 2018–2030 (Usd Million)
Table 7 India Blockchain Technology Market, By End User, 2018–2030 (Usd Million)
Table 8 India Bfsi Blockchain Technology Market, 2018–2030 (Usd Million)
Table 9 India Blockchain Technology Market, By Healthcare & Lifesciences, 2018–2030 (Usd Million)
Table 10 India Blockchain Technology Market, By It & Telecommunications, 2018–2030 (Usd Million)
Table 11 India Blockchain Technology Market, By Retail, 2018–2030 (Usd Million)
Table 12 India Blockchain Technology Market, By Government, 2018–2030 (Usd Million)
Table 13 India Blockchain Technology Market, By Travel & Hospitality 2018–2030 (Usd Million)
Table 14 India Blockchain Technology Market, By Real Estate & Construction, 2018–2030 (Usd Million)
Table 15 India Blockchain Technology Market, By Education/ Research Institutions, 2018–2030 (Usd Million)
Table 16 India Blockchain Technology Market, By Media & Entertainment, 2018–2030 (Usd Million)
Table 17 Product Development/Announcement
Table 18 Partnerships/Agreements/Contracts/Collaborations
Table 19 Ibm Corporation: Products/Solutions/Services Offered
Table 20 Ibm Corporation: Key Developments
Table 21 Infosys Limited: Products/Solutions/Services Offered
Table 22 Infosys Limited: Key Developments
Table 23 Hashcash Consultants: Financial Overview
Table 24 Hashcash Consultants: Fundings
Table 25 Hashcash Consultants: Products/Solutions/Services Offered
Table 26 Hashcash Consultants: Key Developments
Table 27 Tata Consultancy Services Limited: Products/Solutions/Services Offered
Table 28 Tata Consultancy Services Limited: Key Developments
Table 29 Krypc: Financial Overview
Table 30 Krypc: Fundings
Table 31 Krypc: Products/Solutions/Services Offered
Table 32 Ripple Labs Inc.: Financial Overview
Table 33 Ripple Labs Inc.: Fundings
Table 34 Ripple Labs Inc: Products/Solutions/Services Offered
Table 35 Ripple Labs Inc: Key Developments
Table 36 Accenture: Products/Solutions/Services Offered
Table 37 Accenture: Key Developments
Table 38 Indus Net Technologies: Financial Overview
Table 39 Indus Net Technologies (Int.): Products/Solutions/Services Offered
Table 40 Indus Net Technologies (Int.): Key Developments
Table 41 Polygon Technology: Financial Overview
Table 42 Polygon Technology: Fundings
Table 43 Polygon Technology: Products/Solutions/Services Offered
Table 44 Polygon Technology: Key Developments
Table 45 Accely Group: Financial Overview
Table 46 Accely Group: Products/Solutions/Services Offered
Table 47 Circle Internet Financial Ltd: Financial Overview
Table 48 Circle Internet Financial Ltd: Fundings
Table 49 Circle Internet Financial Limited: Products/Solutions/Services Offered
Table 50 Circle Internet Financial Limited: Key Developments
Table 51 Circle Internet Financial Ltd: Financial Overview
Table 52 Rejolut Technology Solutions Pvt. Ltd.: Products/Solutions/Services Offered
Table 53 Solana: Financial Overview
Table 54 Solana: Fundings
Table 55 Solana: Products/Solutions/Services Offered
Table 56 Solana: Key Developments
Table 57 Cigniti Technologies Limited: Products/Solutions/Services Offered
Table 58 Cigniti Technologies Limited: Key Developments
Table 59 Talentica Softare India Pvt. Ltd.: Financial Overview
Table 60 Talentica Software India Pvt. Ltd: Products/Solutions/Services Offered
List Of Figures
Figure 1 India Blockhain Tehnology Market: Market Structure
Figure 2 Bottom-up And Top-down Approaches
Figure 3 Market Dynamic Analysis Of The India Blockchian Technology Market
Figure 4 Drivers Impact Analysis: India Blockchain Technology Market
Figure 5 Restraints Impact Analysis: India Blockchain Technology Market
Figure 6 Value Chain Analysis: India Blockchain Technology Market
Figure 7 Porter’s Five Forces Model: India Blockchain Technology Market
Figure 8 Strengths
Figure 9 Weaknesses
Figure 10 Opportunities
Figure 11 Challenges
Figure 12 National Blockchain Framework
Figure 13 Government Blockchain Strategies For The Next 5 Years
Figure 14 India Blockchain Technology Market, By Type, 2021 (% Share)
Figure 15 India Blockchain Technology Market, By Type, 2021 Vs 2030 (Usd Million)
Figure 16 India Blockchain Technology Market, By Platform, 2021 (% Share)
Figure 17 India Blockchain Technology Market, By Platform, 2021 Vs 2030 (Usd Million)
Figure 18 India Blockchain Technology Market, By Organization Size, 2021 (% Share)
Figure 19 India Blockchain Technology Market, By Organization Size, 2021 Vs 2030 (Usd Million)
Figure 20 India Blockchain Technology Market, By Application, 2021 (% Share)
Figure 21 India Blockchain Technology Market, By Application, 2021 Vs 2030 (Usd Million)
Figure 22 India Blockchain Technology Market, By End User, 2021 (% Share)
Figure 23 India Blockchain Technology Market, By End User, 2021 Vs 2030 (Usd Million)
Figure 24 Vendor Share Analysis, 2021 (%)
Figure 25 Vendor Share Analysis, 2021 (%)
Figure 26 Vendor Share Analysis, 2021 (%)
Figure 27 Vendor Share Analysis, 2021 (%)
Figure 28 Vendor Share Analysis, 2021 (%)
Figure 29 Vendor Share Analysis, 2021 (%)
Figure 30 Vendor Share Analysis, 2021 (%)
Figure 31 Vendor Share Analysis, 2021 (%)
Figure 32 Vendor Share Analysis, 2021 (%)
Figure 33 India Blockchain Technology Market: Competitive Benchmarking
Figure 34 India Blockchain Technology Market: Vendor Share Analysis
Figure 35 Ibm Corporation: Financial Overview Snapshot
Figure 36 Ibm Corporation: Swot Analysis
Figure 37 Infosys Limited: Financial Overview Snapshot
Figure 38 Infosys Limited: Swot Analysis
Figure 39 Hashcash Consultants: Swot Analysis
Figure 40 Tata Consultancy Services Limited: Financial Overview Snapshot
Figure 41 Tata Consultancy Services Limited: Swot Analysis
Figure 42 Krypc: Swot Analysis
Figure 43 Ripple Labs Inc.: Swot Analysis
Figure 44 Accenture: Financial Overview Snapshot
Figure 45 Accenture: Swot Analysis
Figure 46 Polygon Technology: Swot Analysis
Figure 47 Circle Internet Financial Ltd: Swot Analysis
Figure 48 Solana: Swot Analysis
Figure 49 Cigniti Technologies Limited: Financial Overview Snapshot
Figure 50 Cigniti Technologies Limited: Swot Analysis
Figure 51 India Blockchain Technology Market 2018-2030 (Usd Million)
Figure 52 India Cryptotech Industry Vs Technology Industry 2019-2021
Figure 53 India Blockchain Technology, By Applications, 2021 (% Share)

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