We are monitoring the impact of COVID-19 on Blockchain Market Get in touch with us for detailed analysis Know More
Pulished Date April, 2021
ID: 8295
Share on
Share on

Global Blockchain Market Analysis - Segmentation by Type (Public, Private, and Hybrid), by Application (Payments, Exchanges, Documentation, Supply Chain Management, Digital Identity, and Others), by Organization Size (SMEs, and Large Enterprises), by Vertical (Government, BFSI, Retail and e-Commerce, Healthcare and Life Sciences, Transportation and Logistics, and Others): Industry Perspective, Comprehensive Analysis and Forecast, 2021–2026

Pulished: April, 2021
ID: 8295
Pages: 170

Blockchain Market Size & Growth (2021–2026)

The global blockchain market was estimated at US $11.8 billion in 2020 and is foreseen to reach US$ 70.5 billion in 2026, growing at an annual rate of 58.7% between 2021 and 2026 forecast period.

Blockchain is a technology that consists of a growing list of records of transactions made in cryptocurrencies. Data is added to the blocks that are connected, creating a chain of blocks linked together. Blocks store transaction information such as the date, time, and dollar amount of your past purchases.

Blocks in this technology store data that distinguishes them from other blocks. Just names are used to distinguish humans from one another; each block stores a special code called "hash" that allows distinguishing it from other blocks. Hashes are, in general, considered as the cryptographic codes developed with the help of special algorithms.

This market report sets trends and forecasts the next opportunities and threats in the global blockchain market over the next few years. Blockchain is just an immutable digital economic transaction register that can record not only financial transactions but everything related to value. It can be used for payments, smart contracts, digital identity risk, and compliance management, and many more.

Recent developments:

  • In November 2018, Microsoft made a partnership with Interswitch Group, an e-commerce and electronic payment solutions provider that is based in Nigeria. The collaboration culminated in the launch of the blockchain-based supply chain finance service to ensure fast and smooth commercial finance across the entire supply chain system.
  • In October 2018, SAP launched new network scalability services that allow customers and partners to integrate different blockchain infrastructures.
  • In September 2018, Lightyear, a division of the Stellar Development Foundation, purchased Chain Inc to develop a new company called Interstellar. Companies have joined forces to develop improved cryptographic registers to make financial services smarter, safer and more connected.

Market growth and trends:

The blockchain market is expected to grow at a significant pace over the forecast period due to increased investment in blockchain technology and venture capital funds. It is used for smart contracts, payments, compliance management, digital identity risk and many more. Bitcoin made an early adoption of blockchain in 2009. In addition to financial services, industries like healthcare, transportation, BFSI, the government is using blockchain to manage its information. The advent of several Fintech companies across the globe is creating huge growth potential for the development of the global blockchain business.

Drivers and Market Restraints:

The growing need for faster transactions and the growing demand for simplified business processes are driving the market. In addition, the growing adoption of blockchain as a service, increased efficiency in transaction management, change in international trade, digitization in various industry sectors and transparency of information are the drivers of market growth. One of the main factors, such as increased adoption of blockchain technology, is driving market demand. This increased annual savings for banks and also reduced the cost of infrastructure.

The growing digitization around the world has increased the consumer demand for more transparency in financial transactions, which is paving way for the latest innovations like the blockchain. The financial institutions and banking sector are the primary end-users of this technology as it provides hassle-free management of the business payments.

However, significant initial investment and security concerns are expected to be the main disadvantages of market development over the forecast period.

Market Segmentation:

The blockchain market is segmented based on type, application, organization size, vertical, and region.

  • Depending on the type, the market is more segmented in the public, private and hybrid blockchain. The hybrid segment is likely to grow at a considerable rate, as it offers common characteristics to private and public blockchain solutions. It offers privacy because it is not accessible to everyone.
  • According to the application, the blockchain market is divided into payments, exchanges, documentation, supply chain management, digital identity, and others.
  • Depending on the size of the organization, the market is further divided into SMEs and large companies. The SME segment is foreseen to experience significant growth due to the advantage of blockchain technology such as payroll, inventory, billing, and the automation of other business processes. Additionally, blockchain technology helps SMEs streamline their operations at a faster rate and at a lower cost.
  • Based on the vertical, the global blockchain market is separated into government, BFSI, retail and e-commerce, healthcare and life sciences, transportation and logistics, and others. Of these, the BFSI sector held the lion’s share in the international marketplace due to the increasing adoption in this industry.

Regional Analysis:

Depending on the region, the global blockchain market is segmented in Europe, North America, Latin America, Asia-Pacific, the Middle East, and Africa. The North American region is estimated to hold a substantial portion of the global business over the determined period. This participation is due to the increasing investment in the development of blockchain technology, the growing acceptance of blockchain technologies in various industries, such as retail, real estate, computing and telecommunications, transportation, and logistics, among others. The Asia-Pacific region is supposed to experience a significant rise in the blockchain market during the prediction period due to the growth and development of the financial sector in this area. The rapid development of economies like China and India is expected to fuel demand in the global and regional blockchain market in the coming years.

The developed regions of North America and Europe accounted for the dominant portion of the global blockchain business due to the early adoption of this technology and the presence of the leading companies and several new entrants in this area. The Asia Pacific is touted to be a promising market for this industry in the foreseen years with the increasing awareness about the benefits of this technology.

Key Players:

  • IBM Corporation
  • Deloitte
  • BTL Group
  • Microsoft Corporation
  • R3
  • Linux Foundation
  • Global Arena Holding Inc.
  • Ripple
  • Eric Industries
  • Chain Inc

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Blockchain Market, By Type                

                                6.1.1 Public        

                                6.1.2 Private      

                                6.1.3 Hybrid       

                                6.1.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.5 Y-o-Y Growth Rate Analysis             

                                6.1.6 Market Attractiveness Index          

                6.2 Blockchain Market, By Application                    

                                6.2.1 Payments

                                6.2.2 Exchanges               

                                6.2.3 Documentation     

                                6.2.4 Supply Chain Management              

                                6.2.5 Digital Identity       

                                6.2.6 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.7 Y-o-Y Growth Rate Analysis             

                                6.2.8 Market Attractiveness Index          

                6.3 Blockchain Market, By Organization Size                        

                                6.3.1 SMEs         

                                6.3.2 Large Enterprises 

                                6.3.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.4 Y-o-Y Growth Rate Analysis             

                                6.3.5 Market Attractiveness Index          

                6.4 Blockchain Market, By Vertical                           

                                6.4.1 Government          

                                6.4.2 BFSI            

                                6.4.3 Retail and e-Commerce     

                                6.4.4 Healthcare and Life Sciences           

                                6.4.5 Transportation and Logistics            

                                6.4.6 Market Size Estimations & Forecasts (2021-2026)   

                                6.4.7 Y-o-Y Growth Rate Analysis             

                                6.4.8 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2021-2026)                            

                                7.2.1 By Country              



                                7.2.2 By Type    

                                7.2.3 By Application        

                                7.2.4 By Organization Size            

                                7.2.5 By Vertical               

                7.3 Europe                         

                                7.3.1 By Country              






                                       Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Application        

                                7.3.4 By Organization Size            

                                7.3.5 By Vertical               

                7.4 Asia Pacific                  

                                7.4.1 By Country              




                                       South Korea

                                       South East Asia

                                       Australia & NZ

                                       Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Application        

                                7.4.4 By Organization Size            

                                7.4.5 By Vertical               

                7.5 Latin America                             

                                7.5.1 By Country              




                                       Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Application        

                                7.5.4 By Organization Size            

                                7.5.5 By Vertical               

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                       Middle East


                                7.6.2 By Type    

                                7.6.3 By Application        

                                7.6.4 By Organization Size            

                                7.6.5 By Vertical               

8. Key Player Analysis                                    

                8.1 IBM Corporation                      

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Deloitte                        

                8.3 BTL Group                   

                8.4 Microsoft Corporation                           

                8.5 R3                   

                8.6 Linux Foundation                     

                8.7 Global Arena Holding Inc.                     

                8.8 Ripple                           

                8.9 Eric Industries                            

                8.10 Chain Inc                   

9. Market Outlook & Investment Opportunities                                


                List of Tables                     

                List of Figures                   

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by type, by application, by organization size, by vertical along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Blockchain Market By Region, From 2021-2026 ( USD Billion )
  2. Global Blockchain Market By Type, From 2021-2026 ( USD Billion )
  3. Global Public Market By Region, From 2021-2026 ( USD Billion )
  4. Global Private Market By Region, From 2021-2026 ( USD Billion )
  5. Global Hybrid Market By Region, From 2021-2026 ( USD Billion )
  6. Global Blockchain Market By Application, From 2021-2026 ( USD Billion )
  7. Global Payments Market By Region, From 2021-2026 ( USD Billion )
  8. Global Exchanges Market By Region, From 2021-2026 ( USD Billion )
  9. Global Documentation Market By Region, From 2021-2026 ( USD Billion )
  10. Global Supply Chain Management Market By Region, From 2021-2026 ( USD Billion )
  11. Global Digital Identity Market By Region, From 2021-2026 ( USD Billion )
  12. Global Blockchain Market By Organization Size, From 2021-2026 ( USD Billion )
  13. Global SMEs Market By Region, From 2021-2026 ( USD Billion )
  14. Global Large Enterprises Market By Region, From 2021-2026 ( USD Billion )
  15. Global Blockchain Market By Vertical, From 2021-2026 ( USD Billion )
  16. Global Government Market By Region, From 2021-2026 ( USD Billion )
  17. Global BFSI Market By Region, From 2021-2026 ( USD Billion )
  18. Global Retail and e-Commerce Market By Region, From 2021-2026 ( USD Billion )
  19. Global Healthcare and Life Sciences Market By Region, From 2021-2026 ( USD Billion )
  20. Global Transportation and Logistics Market By Region, From 2021-2026 ( USD Billion )

Please wait. . . . Your request is being processed

Related Reports


$ 1234 4255

Click for Request Sample