Blockchain Technology Market

Executive Summary

Blockchain Technology Market was valued at US $10.71 billion in 2021 and is projected to grow at 87.96% CAGR over the forecast period to reach US $472.40 billion by 2027. Blockchain Technology Market represented US $7.68 billion opportunity over 2019-2021 and estimated to create US $461.69 billion opportunity in 2027 over 2021.

Blockchain Technology from Consainsights analyses the Blockchain Technology Market in the Technology & Media industry over the forecast period to 2027.

Blockchain Technology research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Blockchain Technology segmentation includes Provider, Application, Organization Size, Industry Vertical and Geography.

Based on the Provider, the Blockchain Technology analysis covers Application and Solution Provider, Middleware Provider, Infrastructure and Protocols Provider.

In Provider segment, Application and Solution Provider segment has highest cagr growth of 75.23%.

Based on the Application, the Blockchain Technology analysis covers Payments, Exchanges, Smart Contracts, Documentation, Digital Identity, Others.

In Application segment, Payments segment has highest cagr growth of 75.23%.

Based on the Organization Size, the Blockchain Technology analysis covers Large Enterprises, Small and Medium Enterprises (SMES).

In Organization Size segment, Large Enterprises segment has highest cagr growth of 75.23%.

Based on the Industry Vertical, the Blockchain Technology analysis covers Banking, Financial Services, and Insurance (BFSI), Government and Public Sector, Healthcare and Life Sciences, Retail and Ecommerce, Automotive, Media and Entertainment, Others.

In Industry Vertical segment, Banking, Financial Services, and Insurance (BFSI) segment has highest cagr growth of 75.23%.

Based on the region, the Blockchain Technology analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Provider

Introduction

In 2021, Application and Solution Provider segment has the highest revenue of US $5.76 billion and is expected to grow at CAGR of 75.23% by 2027 Application and Solution Provider segment has highest cagr growth of 75.23%.

Application and Solution Provider

Application and Solution Provider segment was valued at US $1.63 billion in 2019 and is projected to grow at 75.23% CAGR over the forecast period to reach US $253.97 billion by 2027. Application and Solution Provider segment represented US $4.13 billion opportunity over 2019-2021 and estimated to create US $248.21 billion opportunity in 2027 over 2021.

Middleware Provider

Middleware Provider segment was valued at US $1.02 billion in 2019 and is projected to grow at 75.23% CAGR over the forecast period to reach US $158.71 billion by 2027. Middleware Provider segment represented US $2.58 billion opportunity over 2019-2021 and estimated to create US $155.11 billion opportunity in 2027 over 2021.

Infrastructure and Protocols Provider

Infrastructure and Protocols Provider segment was valued at US $0.38 billion in 2019 and is projected to grow at 75.23% CAGR over the forecast period to reach US $59.72 billion by 2027. Infrastructure and Protocols Provider segment represented US $0.97 billion opportunity over 2019-2021 and estimated to create US $58.37 billion opportunity in 2027 over 2021.

Application

Introduction

In 2021, Payments segment has the highest revenue of US $4.29 billion and is expected to grow at CAGR of 75.23% by 2027 Payments segment has highest cagr growth of 75.23%.

Payments

Payments segment was valued at US $1.21 billion in 2019 and is projected to grow at 75.23% CAGR over the forecast period to reach US $189.16 billion by 2027. Payments segment represented US $3.08 billion opportunity over 2019-2021 and estimated to create US $184.87 billion opportunity in 2027 over 2021.

Exchanges

Exchanges segment was valued at US $0.73 billion in 2019 and is projected to grow at 75.23% CAGR over the forecast period to reach US $114.04 billion by 2027. Exchanges segment represented US $1.85 billion opportunity over 2019-2021 and estimated to create US $111.45 billion opportunity in 2027 over 2021.

Smart Contracts

Smart Contracts segment was valued at US $0.48 billion in 2019 and is projected to grow at 75.23% CAGR over the forecast period to reach US $75.18 billion by 2027. Smart Contracts segment represented US $1.22 billion opportunity over 2019-2021 and estimated to create US $73.47 billion opportunity in 2027 over 2021.

Documentation

Documentation segment was valued at US $0.18 billion in 2019 and is projected to grow at 75.23% CAGR over the forecast period to reach US $28.62 billion by 2027. Documentation segment represented US $0.47 billion opportunity over 2019-2021 and estimated to create US $27.97 billion opportunity in 2027 over 2021.

Digital Identity

Digital Identity segment was valued at US $0.26 billion in 2019 and is projected to grow at 75.23% CAGR over the forecast period to reach US $40.83 billion by 2027. Digital Identity segment represented US $0.66 billion opportunity over 2019-2021 and estimated to create US $39.91 billion opportunity in 2027 over 2021.

Others

Others segment was valued at US $0.16 billion in 2019 and is projected to grow at 75.23% CAGR over the forecast period to reach US $24.57 billion by 2027. Others segment represented US $0.40 billion opportunity over 2019-2021 and estimated to create US $24.01 billion opportunity in 2027 over 2021.

Organization Size

Introduction

In 2021, Large Enterprises segment has the highest revenue of US $4.66 billion and is expected to grow at CAGR of 75.23% by 2027 Large Enterprises segment has highest cagr growth of 75.23%.

Large Enterprises

Large Enterprises segment was valued at US $1.32 billion in 2019 and is projected to grow at 75.23% CAGR over the forecast period to reach US $205.50 billion by 2027. Large Enterprises segment represented US $3.34 billion opportunity over 2019-2021 and estimated to create US $200.84 billion opportunity in 2027 over 2021.

Small and Medium Enterprises (SMES)

Small and Medium Enterprises (SMES) segment was valued at US $0.67 billion in 2019 and is projected to grow at 75.23% CAGR over the forecast period to reach US $104.58 billion by 2027. Small and Medium Enterprises (SMES) segment represented US $1.70 billion opportunity over 2019-2021 and estimated to create US $102.21 billion opportunity in 2027 over 2021.

Industry Vertical

Introduction

In 2021, Banking, Financial Services, and Insurance (BFSI) segment has the highest revenue of US $4.01 billion and is expected to grow at CAGR of 75.23% by 2027 Banking, Financial Services, and Insurance (BFSI) segment has highest cagr growth of 75.23%.

Banking, Financial Services, and Insurance (BFSI)

Banking, Financial Services, and Insurance (BFSI) segment was valued at US $1.14 billion in 2019 and is projected to grow at 75.23% CAGR over the forecast period to reach US $176.84 billion by 2027. Banking, Financial Services, and Insurance (BFSI) segment represented US $2.88 billion opportunity over 2019-2021 and estimated to create US $172.83 billion opportunity in 2027 over 2021.

Government and Public Sector

Government and Public Sector segment was valued at US $0.76 billion in 2019 and is projected to grow at 75.23% CAGR over the forecast period to reach US $117.72 billion by 2027. Government and Public Sector segment represented US $1.91 billion opportunity over 2019-2021 and estimated to create US $115.05 billion opportunity in 2027 over 2021.

Healthcare and Life Sciences

Healthcare and Life Sciences segment was valued at US $0.47 billion in 2019 and is projected to grow at 75.23% CAGR over the forecast period to reach US $73.94 billion by 2027. Healthcare and Life Sciences segment represented US $1.20 billion opportunity over 2019-2021 and estimated to create US $72.27 billion opportunity in 2027 over 2021.

Retail and Ecommerce

Retail and Ecommerce segment was valued at US $0.28 billion in 2019 and is projected to grow at 75.23% CAGR over the forecast period to reach US $43.86 billion by 2027. Retail and Ecommerce segment represented US $0.71 billion opportunity over 2019-2021 and estimated to create US $42.87 billion opportunity in 2027 over 2021.

Automotive

Automotive segment was valued at US $0.22 billion in 2019 and is projected to grow at 75.23% CAGR over the forecast period to reach US $34.19 billion by 2027. Automotive segment represented US $0.56 billion opportunity over 2019-2021 and estimated to create US $33.41 billion opportunity in 2027 over 2021.

Media and Entertainment

Media and Entertainment segment was valued at US $0.13 billion in 2019 and is projected to grow at 75.23% CAGR over the forecast period to reach US $20.81 billion by 2027. Media and Entertainment segment represented US $0.34 billion opportunity over 2019-2021 and estimated to create US $20.33 billion opportunity in 2027 over 2021.

Others

Others segment was valued at US $0.03 billion in 2019 and is projected to grow at 75.23% CAGR over the forecast period to reach US $5.04 billion by 2027. Others segment represented US $0.08 billion opportunity over 2019-2021 and estimated to create US $4.92 billion opportunity in 2027 over 2021.