What is blockchain technology?

Blockchain technology is a decentralized digital ledger system that records transactions across multiple computers in a way that is secure, transparent, and tamper-proof.

How big is Blockchain Technology Market?

The Global Blockchain Technology Market size is expected to be worth around USD 12,895 Billion by 2033, from USD 123 Billion in 2023, growing at a CAGR of 68% during the forecast period from 2024 to 2033.

Who are the key companies/players in the blockchain technology market?

Some key players operating in the blockchain technology market include IBM Corporation, The Linux Foundation, Microsoft Corporation,. Chain, Inc., Circle Internet Financial Ltd., Earthport Plc, BitFury Group Ltd, Deloitte Touche Tohmatsu Limited, BTL Group Ltd., Digital Asset Holdings, LLC, Deloitte Touche Tohmatsu Ltd., Global Arena Holding, Inc. (GAHI), Indian Banks’ Blockchain Infrastructure Company Private Limited (IBBIC), Oracle Corporation, and Other Key Players

What is driving the growth of the blockchain technology market?

Factors driving the growth of the blockchain technology market include increasing adoption of cryptocurrencies, rising demand for secure and transparent transaction systems, advancements in technology, and growing investments in blockchain projects.

What are some challenges facing the blockchain technology market?

Challenges facing the blockchain technology market include scalability issues, regulatory uncertainties, interoperability concerns, energy consumption of blockchain networks, and potential security vulnerabilities.

Global Blockchain Technology Market By Type (Private Cloud, Public Cloud, and Hybrid Cloud), By Component (Infrastructure & Protocols, Application & Solution, and Middleware), By Application (Exchanges, Digital Identity, Smart Contracts, Payments, Supply Chain Management, Other Applications), By Enterprise (Small & Medium Enterprises, Large Enterprises), By End-Users (Government, BFSI, Media & Entertainment, Transportation & Logistics, Healthcare, Retail, Travel & Hospitality, Other End-users), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Published date: April 2024
Report ID: 62692
Number of Pages: 294
Format:

- IBM Corporation
- The Linux Foundation
- Microsoft Corporation Company Profile
- Chain, Inc.
- Circle Internet Financial Ltd.
- Earthport Plc
- BitFury Group Ltd
- Deloitte Touche Tohmatsu Limited
- BTL Group Ltd.
- Digital Asset Holdings, LLC
- Deloitte Touche Tohmatsu Ltd.
- Global Arena Holding, Inc. (GAHI)
- Indian Banks' Blockchain Infrastructure Company Private Limited (IBBIC)
- Oracle Corporation
- Other Key Players