Blockchain Market by Providers (Infrastructure Provider, Middleware Providers and Application Provider), Application (Smart Contract, Payment & Wallet, Digital Identity, Documentation, Exchange and Compliance & Risk Management), End-Use, and Geography ¬– Global Forecast to 2026

  • March, 2021
  • Domain: ICT - digital technologies
Pages: 108
Tables: 69
Charts: 111
Regions/Countries: 4/10
Companies: 22
Enquiry Hours: 10
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Rapid digitalization has a prominent role in accelerating the market growth of blockchain technology. The deployment of blockchain technology is gaining tremendous popularity among various industries with the developing technology. With blockchain technology, an organization can curb workforce requirements, leading to fewer human errors, thus acting as a safe and time-efficient tool. The limited availability of technical experts to implement blockchain technology is a factor expected to limit the blockchain market growth. The Blockchain Market is expected to grow at the rate of 64.3% CAGR by 2026. Blockchain is a technology evolving in a distributed database, which holds all the transactional records and digital events implemented while ensuring security and sharing among contributing parties. Each transaction over the public ledger is received by an agreement among most of the organization's shareholders. It consists of a demonstrable and specific record of each transaction ever implemented.

Research Methodology:

The blockchain market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology and a unique balance of primary insights. The real-time valuation of the market is an integral part of our forecasting and market sizing methodology. Industry experts and our primary participants have helped to compile related aspects with accurate parametric estimations for a complete study. The primary participants share is given below:

Blockchain Market

Blockchain Market by Providers

  • Infrastructure Providers
  • Middleware Providers
  • Application Providers

Blockchain Market by Application

  • Smart Contract
  • Payment & Wallet
  • Digital Identity
  • Documentation
  • Exchange
  • Compliance & Risk Management

Blockchain Market by End User

  • BFSI (Banking and Financial Services Insurance)
  • Government
  • Healthcare
  • IT Services
  • Media & Entertainment
  • Transportation & Logistics

Blockchain Market by Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

In the blockchain market by provider, the market is furcated into infrastructure providers, middleware providers, and application providers. The infrastructure providers segment is commanding the market share. This is due to the developing organizations their private blockchain networks. The key infrastructure providers develop crucial software building blocks, which are very important for the adopted network.

Based on application, the payment and wallet segment has a maximum share in the market. The maximum share is ascribed to the factors such as the capability of the blockchain technology to offer transparency, reduced operating cost, and enhanced payment systems' efficiency, which is supporting the demand for the payment and wallet segment. Furthermore, organizations' increasing adoption of these technologies into payment and wallet processes offers quick transaction processes in the company.     

As per the market based on end-use, the banking, financial services, and insurance segment is expected to hold a significant share in the blockchain market as blockchain technology helps in safe transactions for customers. Moreover, the blockchain in banking, financial service insurance offers high compatibility with the financial services sector ecosystem, increases cryptocurrencies and initial coin offerings, increases transactions, and minimizes the total cost of ownership.

According to the geographical market, North America is acquiring a dominant share in the blockchain market. This is due to the early deployment of blockchain technologies by companies in the region. The rising number of blockchain technology providers in this region is responsible for the blockchain market's overall global share. The increasing adoption of blockchain technology among various verticals is also expected to fuel the region's growth.

Increasing requirement for quicker transactions, surging demand for easy business processes is propelling the market growth. Further, the rise in the adoption of blockchain as a service, growing transaction management efficiency, change in the international business among several industry sectors, and transparency of data fuel the global blockchain market growth.

The competitors of the blockchain market are Applied Blockchain, Blockchain Foundry, Auxesis Group, IBM, BTL Group, AWS, Digital Asset Holdings, Microsoft, SAP, Intel, Oracle, Bitfury, Cegeka, Earthport, Chain, Huawei, BlockCypher, Symbiont, BigchainDB, Guardtime, RecordsKeeper and BlockPoint.

Hence, blockchain is an effective technology that plays a prominent role in managing all the transactions with zero errors. Blockchain uses cryptography as a security layer that effectively secures the data and systems on the blockchain network and is adopted by any organization due to the blockchain-as-a-service facility provided in this market.

  • The blockchain market research report describes key drivers, restraints, challenges, and opportunities for the market.
  • This report further gives insights into the regional rules and other government regulations impacting the blockchain market.
  • This report also gives an in-depth analysis of the latest developments and innovations in the market.
  • This study entails the complete and extensive analysis of the blockchain market players and their strategies, such as collaborations, acquisitions, mergers, and SWOT analysis.
  1. Executive Summary
  2. Industry Outlook
    1. Industry Overview
    2. Industry Trends
  3. Market Snapshot
    1. Market Definition
    2. Market Outlook
      1. Porter Five Forces
    3. Related Markets
  4. Market characteristics
    1. Market Overview
    2. Market Segmentation
    3. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
    4. DRO - Impact Analysis
  5. Providers: Market Size & Analysis
    1. Overview
    2. Infrastructure Provider
    3. Middleware Providers
    4. Application Provider
  6. Application: Market Size & Analysis
    1. Overview
    2. Smart Contract
    3. Payment & Wallet
    4. Digital Identity
    5. Documentation
    6. Exchange
    7. Compliance & Risk Management
  7. End-User: Market Size & Analysis
    1. Overview
    2. BFSI (Banking and Financial Services Insurance)
    3. Government
    4. Healthcare
    5. IT Services
    6. Media & Entertainment
    7. Transportation & Logistics
  8. Geography: Market Size & Analysis
    1. Overview
    2. North America
    3. Europe
    4. Asia Pacific
    5. Rest of the World
  9. Competitive Landscape
    1. Competitor Comparison Analysis
    2. Market Developments
      1. Mergers and Acquisitions, Legal, Awards, Partnerships
      2. Product Launches and execution
  10. Vendor Profiles
    1. Applied Blockchain
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    2. Blockchain Foundry
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    3. Auxesis Group
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    4. IBM
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    5. BTL Group
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    6. AWS
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    7. Digital Asset Holdings
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    8. Microsoft
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    9. SAP
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    10. Intel
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
  11. Companies to Watch
    1. Oracle
      1. Overview
      2. Products & Services
      3. Business Strategy
    2. Bitfury
      1. Overview
      2. Products & Services
      3. Business Strategy
    3. Cegeka
      1. Overview
      2. Products & Services
      3. Business Strategy
    4. Earthport
      1. Overview
      2. Products & Services
      3. Business Strategy
    5. Chain
      1. Overview
      2. Products & Services
      3. Business Strategy
    6. Huawei
      1. Overview
      2. Products & Services
      3. Business Strategy
    7. BlockCypher
      1. Overview
      2. Products & Services
      3. Business Strategy
    8. Symbiont
      1. Overview
      2. Products & Services
      3. Business Strategy
    9. BigchainDB
      1. Overview
      2. Products & Services
      3. Business Strategy
    10. Guardtime
      1. Overview
      2. Products & Services
      3. Business Strategy
    11. RecordsKeeper
      1. Overview
      2. Products & Services
      3. Business Strategy
    12. BlockPoint
      1. Overview
      2. Products & Services
      3. Business Strategy
  12. Analyst Opinion
  13. Annexure
    1. Report Scope
    2. Market Definitions
    3. Research Methodology
      1. Data Collation and In-house Estimation
      2. Market Triangulation
      3. Forecasting
    4. Report Assumptions
    5. Declarations
    6. Stakeholders
    7. Abbreviations

Research Framework

Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Primary & Secondary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting

Market related information is congregated from both primary and secondary sources.

Primary sources

involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

Secondary sources

include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.

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