Blockchain Market is expected to grow at a CAGR of 61.49% through 2030F
The
Global Blockchain Market is expected to be led by the Banking, Financial
Services, and Insurance sector due to its high demand for secure, transparent,
and efficient transaction solutions, during the forecast period 2026-2030F
According to TechSci Research report, “Blockchain Market - Global
Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F, The
Global Blockchain Market was valued at USD 22.56 billion in 2024 and is
expected to reach USD 400.16 billion by 2030 with a CAGR of 61.49% through 2030.
Secure and portable digital identity is a
cornerstone of the evolving digital economy. Blockchain enables decentralized
identity solutions that empower individuals and organizations to control their
credentials while reducing fraud and identity theft. In sectors like finance,
healthcare, and public services, blockchain-based credentials streamline
onboarding processes, reduce Know-Your-Customer (KYC) friction, and enable
secure multi-party data exchanges. Users can grant selective access to their
identity attributes (e.g., age verification, professional qualifications)
without disclosing unnecessary personal data, improving both privacy and
compliance.
Public and private sector collaborations are
focusing on self-sovereign identity frameworks, where governments, educational
institutions, and healthcare providers issue verifiable credentials. These
credentials are signed and stored on distributed ledgers, offering
tamper-evidence and removing central verification failures. Adoption of
decentralized identity not only reduces paperwork and fraud but also supports
remote and cross-border service delivery. As phishing and synthetic identity
fraud evolve, blockchain provides a durable and user-centric approach to
identity verification.
Enterprises across industries are increasingly
adopting Blockchain-as-a-Service models to accelerate implementation without
bearing the full burden of infrastructure setup and management. This trend is
being led by global cloud service providers offering modular blockchain
solutions tailored to enterprise use cases. These platforms simplify the
development, deployment, and maintenance of blockchain networks, making the
technology more accessible to businesses of varying sizes and digital maturity
levels.
The growing demand for enterprise-ready blockchain
solutions is prompting cloud vendors to offer plug-and-play functionality,
pre-built smart contract templates, and regulatory compliance tools. This
reduces time to market, lowers technical complexity, and enables organizations
to experiment with blockchain at reduced risk. Industries such as retail,
banking, healthcare, and public administration are increasingly relying on
Blockchain-as-a-Service for applications ranging from asset tracking to
identity verification. As vendor ecosystems mature, this service-based approach
will be a key enabler for widespread market expansion.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Blockchain Market"
In
2024, Retail & Ecommerce emerged as the fastest-growing vertical in the
global blockchain market, driven by increasing demand for transparency,
security, and customer trust in digital transactions. As online shopping
continues to surge globally, retailers are leveraging blockchain technology to
enhance supply chain traceability, ensure product authenticity, and streamline
logistics. This is particularly valuable for high-value goods, perishable
products, and ethically sourced merchandise where consumer demand for verifiable
origin is rising. Blockchain’s decentralized ledger enables real-time tracking
of products from source to shelf, significantly reducing fraud, counterfeiting,
and inefficiencies.
Retailers
are also adopting blockchain-based smart contracts to automate order
processing, payments, and returns. These contracts enable faster settlements
and fewer disputes, improving customer satisfaction and operational speed.
Additionally, loyalty programs are being revamped using blockchain tokens,
allowing customers to earn, redeem, and exchange points across multiple
retailers and platforms with greater flexibility and security. Such innovations
are transforming customer engagement strategies and fostering stronger brand
loyalty in the highly competitive ecommerce space.
As
consumer privacy becomes a growing concern, blockchain's secure data
architecture is helping retailers manage and protect user information. With
enhanced transparency and trust, blockchain is not only optimizing backend
operations but also reshaping how retailers interact with their customers
across digital channels.
In
2024, the Asia Pacific region rapidly emerged as the fastest-growing market in
the global blockchain industry, fueled by strong government support, growing
digital infrastructure, and a surge in enterprise adoption. Countries such as
China, India, South Korea, Singapore, and Japan invested heavily in blockchain
initiatives for use cases including cross-border payments, supply chain
transparency, digital identity, and public services. Startups and established
firms alike embraced blockchain to enhance operational efficiency and data
security.
This
accelerated growth was further supported by favorable regulatory developments
and increased funding in blockchain-based research and development. Regional
governments piloted blockchain solutions in governance, finance, and
healthcare, demonstrating commitment to long-term innovation. Additionally, the
region's large population base, increasing smartphone penetration, and rapid
fintech adoption created fertile ground for blockchain integration, positioning
Asia Pacific as a pivotal force in shaping the global blockchain ecosystem in
the coming years.
Key
market players in the Blockchain Market are: -
- Amazon.com,
Inc.
- Microsoft
Corporation
- Oracle
Corporation
- SAP
SE
- Accenture
plc
- Intel
Corporation
- Ripple
Labs, Inc.
- NVIDIA
Corporation
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“The
Global Blockchain Market is expected to experience robust growth in the coming
years, driven by increasing adoption across finance, supply chain, healthcare,
and government sectors. Demand for secure, transparent, and decentralized
systems is pushing enterprises to invest in blockchain-based solutions.
Advancements in interoperability, scalability, and regulatory clarity will
further fuel market expansion. Integration with technologies such as artificial
intelligence, the Internet of Things, and cloud computing will unlock new applications
and efficiencies. Rising interest in central bank digital currencies and
decentralized finance will significantly boost usage. Emerging markets and
enterprise-ready platforms will also play key roles in shaping the future
landscape.” said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based global management consulting firm.
“Blockchain Market –
Global Industry Size, Share, Trends, Opportunity, and Forecast, By Type
(Public, Hybrid, Private), By Provider (Infrastructure & Protocols
Provider, Application & Solution Provider, Middleware Provider), By
Vertical (Healthcare & Life Sciences, Retail & Ecommerce, BFSI,
Government & Public Sector, Automotive, Media & Entertainment, Others),
By Region, By Competition, 2020-2030F” has evaluated the future growth
potential of Blockchain Market and provides statistics & information
on market size, structure, and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in Blockchain
Market.
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