Blockchain Technology Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 40.15 Billion
CAGR (2026-2031)	47.12%
Fastest Growing Segment	Public
Largest Market	North America
Market Size (2031)	USD 407.11 Billion

Market Overview

The Global Blockchain Technology Market will grow from USD 40.15 Billion in 2025 to USD 407.11 Billion by 2031 at a 47.12% CAGR. Blockchain technology acts as a decentralized and distributed ledger system that records transactions across a network of computers to ensure data immutability and security without reliance on a central authority. The primary drivers fueling the expansion of this market include the escalating demand for transparent and tamper-proof record-keeping mechanisms, the critical need to reduce operational costs by eliminating intermediaries in financial processes, and the rising requirement for secure digital identity management across various sectors. According to the World Economic Forum, in 2024, it was anticipated that ten percent of the global gross domestic product would be stored on blockchain technology by 2027.

Despite these strong growth catalysts, the market encounters a significant obstacle regarding regulatory uncertainty and the lack of standardized legal frameworks. Diverse and often conflicting regulations across different international jurisdictions create compliance risks that hesitate enterprise adoption and impede the seamless integration of blockchain solutions into existing global infrastructure.

Key Market Drivers

Widespread adoption of distributed ledger technology in banking and financial services is fundamentally reshaping the market by enabling the tokenization of real-world assets and streamlining settlement processes. Financial institutions are increasingly leveraging blockchain to enhance liquidity and operational efficiency, moving beyond pilot phases into the full-scale deployment of digital financial products. This shift is particularly evident in the rapid growth of tokenized government securities, which offer a secure, transparent, and highly liquid alternative to traditional instruments. According to InvestaX, October 2025, in the 'Q3 2025 Real World Asset Tokenization Market Report', the value of tokenized U.S. Treasuries reached $8.7 billion, representing a 251% year-on-year increase. This sectoral momentum is indicative of a broader corporate trend where major enterprises are integrating blockchain strategies to maintain competitive advantages. According to Coinbase, in 2025, nearly one in five Fortune 500 executives reported that onchain initiatives are a key part of their corporate strategy, marking a 47% increase compared to the previous year.

A heightened focus on digital identity verification and fraud prevention serves as the second critical driver, necessitated by the rising sophistication of cyber threats targeting digital asset ecosystems. As blockchain networks expand, the imperative to implement immutable data management protocols to safeguard user assets and ensure regulatory compliance has intensified. Market participants are prioritizing advanced security solutions to mitigate risks associated with decentralized finance and wallet vulnerabilities, which is essential for institutional confidence. The urgency of these measures is underscored by the financial impact of recent security breaches within the sector. According to Chainalysis, January 2025, in the '2025 Crypto Crime Report', the total value of stolen funds in the cryptocurrency ecosystem increased by approximately 21% year-over-year to $2.2 billion in 2024. Consequently, the development of robust identity verification frameworks has become mandatory for sustaining trust and fostering long-term market stability.

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Key Market Challenges

Regulatory uncertainty and the absence of standardized legal frameworks constitute a formidable barrier to the progression of the Global Blockchain Technology Market. When nations enforce conflicting rules, enterprises face elevated compliance risks that discourage the deployment of decentralized solutions. This fragmentation forces multinational corporations to navigate a complex web of varying requirements, often necessitating expensive, region-specific modifications to their blockchain architecture. Consequently, businesses delay adoption to avoid potential legal repercussions and financial penalties, stifling the technology's integration into global infrastructure.

The impact of this disjointed regulatory environment is quantifiable and severe. According to the Financial Action Task Force, in 2024, 75% of global jurisdictions were partially or non-compliant with international standards for virtual assets. This lack of alignment creates a high-risk environment that deters institutional investors and prevents the market from stabilizing. Without a cohesive set of international rules, the operational costs associated with legal adherence remain prohibitively high, directly undermining the cost-saving promise of blockchain technology and hampering its widespread commercial acceptance.

Key Market Trends

The adoption of Layer 2 scaling solutions is fundamentally altering the Global Blockchain Technology Market by resolving persistent mainnet congestion issues. Enterprises are increasingly deploying rollups that execute transactions off-chain to drastically reduce costs while maintaining base-layer security. This infrastructure shift enables high-frequency applications to scale efficiently, driving a massive migration of liquidity into optimized execution environments. This rapid expansion is evident in the substantial accumulation of assets within these networks. According to Binance, July 2024, in the 'Half-Year Report 2024', the total value locked in Layer 2 solutions surged by 90% during the first half of the year to reach $43 billion.

Simultaneously, the convergence of blockchain with artificial intelligence is emerging as a critical trend for decentralized computation and content verification. Developers are combining cryptographic protocols with machine learning to ensure data privacy and authenticate human-generated content amidst the rise of generative AI. This synergy facilitates decentralized infrastructure networks where participants monetize computing resources for model training, creating new economic utility. The sector's strategic pivot toward this integration is quantifiable. According to a16z crypto, October 2024, in the 'State of Crypto Report 2024', approximately 34% of crypto projects reported utilizing artificial intelligence capabilities, indicating a strong year-over-year increase in cross-sector adoption.

Segmental Insights

The Public segment is emerging as the fastest-growing category in the Global Blockchain Technology Market, driven by the increasing demand for transparent and decentralized transaction systems. This deployment model allows unrestricted access, enabling individuals and organizations to participate without centralized approval. Consequently, governments and public institutions are adopting these open networks to enhance efficiency in areas such as digital identity management and cross-border payments. The ability of public ledgers to provide immutable records while minimizing infrastructure costs further accelerates their adoption, establishing them as a preferred choice for broader market applications.

Regional Insights

North America maintains a dominant position in the global blockchain technology market, driven by the extensive presence of key technology developers and early adoption across multiple industries. The United States leads this expansion through substantial investments in research and development, particularly within the banking and financial services sectors. Furthermore, the region benefits from a robust startup ecosystem and available venture capital that accelerates product innovation. Supportive government initiatives aimed at modernizing digital infrastructure also facilitate the widespread integration of blockchain solutions, ensuring the region remains the central hub for market growth.

Recent Developments

In August 2024, Sony Group Corporation unveiled "Soneium," a new Ethereum Layer-2 blockchain network developed through a joint venture with Startale Labs. This public blockchain is designed to serve as a foundational infrastructure for Web3 applications, integrating the conglomerate’s diverse portfolio in entertainment, gaming, and finance. The initiative aims to create a scalable ecosystem that supports decentralized applications while maintaining compatibility with the broader Ethereum environment. By launching this proprietary network, the technology giant intends to drive the adoption of blockchain technology among mainstream consumers and developers, fostering new use cases for digital creativity and engagement.
In May 2024, PayPal expanded the accessibility of its proprietary stablecoin, PYUSD, by launching it on the Solana blockchain. This integration was designed to significantly enhance transaction speeds and reduce costs for users compared to the stablecoin's initial deployment on the Ethereum network. A Senior Vice President at PayPal highlighted that utilizing Solana's high-throughput infrastructure aligns with the company's objective to facilitate digital currency use for everyday commerce and payments. This move permits users to manage their balances across multiple blockchains, positioning the company to better capture the growing market for efficient, low-fee tokenized transactions.
In April 2024, Stripe announced its strategic return to the cryptocurrency sector by enabling merchants to accept payments via the USDC stablecoin. This development allows businesses using the platform to process transactions on the Solana, Ethereum, and Polygon blockchains, marking a renewed engagement with digital assets after discontinuing Bitcoin support in 2018. By focusing on stablecoins, the financial infrastructure company aims to leverage the efficiency of blockchain technology for cross-border payments while mitigating the volatility typically associated with cryptocurrencies. This reintegration underscores the growing demand for stablecoin settlement layers in the broader digital payments market.
In March 2024, BlackRock officially entered the asset tokenization sector within the Global Blockchain Technology Market by launching its first tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), on the Ethereum network. Developed in collaboration with Securitize, this initiative enables qualified investors to earn yields on U.S. dollar holdings through a blockchain-based product. The fund invests fully in cash, U.S. Treasury bills, and repurchase agreements, maintaining a stable token value of $1. This strategic launch represents a significant commitment by the world's largest asset manager to bridge traditional finance with digital asset infrastructure, offering instantaneous settlement and increased transparency for institutional clients.

Key Market Players

IBM Corporation
Accenture PLC
Wipro Limited
Amazon.com, Inc.
Intel Corporation
Microsoft Corporation
Tata Consultancy Services
Deloitte Touche Tohmatsu Limited
Global Arena Holding Inc.
Digital Asset Holdings, LLC

By Type	By Application	By Industry	By Region
Public Private Hybrid and Consortium	Digital Identity Payments Smart Contracts Supply Chain Management Internet of Things (IoT) and Others	BFSI Energy & Utilities Government Healthcare and Life Sciences Manufacturing Telecom Media & Entertainment Retail & Consumer Goods Travel and Transportation and Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Blockchain Technology Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Blockchain Technology Market, By Type:

Public
Private
Hybrid
and Consortium

Blockchain Technology Market, By Application:

Digital Identity
Payments
Smart Contracts
Supply Chain Management
Internet of Things (IoT)
and Others

Blockchain Technology Market, By Industry:

BFSI
Energy & Utilities
Government
Healthcare and Life Sciences
Manufacturing
Telecom
Media & Entertainment
Retail & Consumer Goods
Travel and Transportation
and Others

Blockchain Technology Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Blockchain Technology Market.

Available Customizations:

Global Blockchain Technology Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Blockchain Technology Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Blockchain Technology Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Type (Public, Private, Hybrid, and Consortium)

5.2.2. By Application (Digital Identity, Payments, Smart Contracts, Supply Chain Management, Internet of Things (IoT), and Others)

5.2.3. By Industry (BFSI, Energy & Utilities, Government, Healthcare and Life Sciences, Manufacturing, Telecom, Media & Entertainment, Retail & Consumer Goods, Travel and Transportation, and Others)

5.2.4. By Region

5.2.5. By Company (2025)

5.3. Market Map

6. North America Blockchain Technology Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type

6.2.2. By Application

6.2.3. By Industry

6.2.4. By Country

6.3. North America: Country Analysis

6.3.1. United States Blockchain Technology Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Type

6.3.1.2.2. By Application

6.3.1.2.3. By Industry

6.3.2. Canada Blockchain Technology Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Type

6.3.2.2.2. By Application

6.3.2.2.3. By Industry

6.3.3. Mexico Blockchain Technology Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Type

6.3.3.2.2. By Application

6.3.3.2.3. By Industry

7. Europe Blockchain Technology Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Application

7.2.3. By Industry

7.2.4. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Blockchain Technology Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type

7.3.1.2.2. By Application

7.3.1.2.3. By Industry

7.3.2. France Blockchain Technology Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Type

7.3.2.2.2. By Application

7.3.2.2.3. By Industry

7.3.3. United Kingdom Blockchain Technology Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Type

7.3.3.2.2. By Application

7.3.3.2.3. By Industry

7.3.4. Italy Blockchain Technology Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Type

7.3.4.2.2. By Application

7.3.4.2.3. By Industry

7.3.5. Spain Blockchain Technology Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Type

7.3.5.2.2. By Application

7.3.5.2.3. By Industry

8. Asia Pacific Blockchain Technology Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Application

8.2.3. By Industry

8.2.4. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Blockchain Technology Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type

8.3.1.2.2. By Application

8.3.1.2.3. By Industry

8.3.2. India Blockchain Technology Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type

8.3.2.2.2. By Application

8.3.2.2.3. By Industry

8.3.3. Japan Blockchain Technology Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Type

8.3.3.2.2. By Application

8.3.3.2.3. By Industry

8.3.4. South Korea Blockchain Technology Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Type

8.3.4.2.2. By Application

8.3.4.2.3. By Industry

8.3.5. Australia Blockchain Technology Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Type

8.3.5.2.2. By Application

8.3.5.2.3. By Industry

9. Middle East & Africa Blockchain Technology Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Application

9.2.3. By Industry

9.2.4. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Blockchain Technology Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Type

9.3.1.2.2. By Application

9.3.1.2.3. By Industry

9.3.2. UAE Blockchain Technology Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Type

9.3.2.2.2. By Application

9.3.2.2.3. By Industry

9.3.3. South Africa Blockchain Technology Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Type

9.3.3.2.2. By Application

9.3.3.2.3. By Industry

10. South America Blockchain Technology Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Application

10.2.3. By Industry

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Blockchain Technology Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Type

10.3.1.2.2. By Application

10.3.1.2.3. By Industry

10.3.2. Colombia Blockchain Technology Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Type

10.3.2.2.2. By Application

10.3.2.2.3. By Industry

10.3.3. Argentina Blockchain Technology Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Type

10.3.3.2.2. By Application

10.3.3.2.3. By Industry

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Blockchain Technology Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. IBM Corporation

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Accenture PLC

15.3. Wipro Limited

15.4. Amazon.com, Inc.

15.5. Intel Corporation

15.6. Microsoft Corporation

15.7. Tata Consultancy Services

15.8. Deloitte Touche Tohmatsu Limited

15.9. Global Arena Holding Inc.

15.10. Digital Asset Holdings, LLC

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

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