With a CAGR of about 68% between 2022 and 2030, the blockchain technology market is anticipated to grow from an estimated USD 4.8 billion in 2021 to USD 69 billion by 2030. The blockchain technology industry drivers and restraints are examined in the report along with how they will impact demand over the projected period. The research report also examines the global blockchain technology industry’s potential on a worldwide scale.
Blockchain Technology Overview
Thanks to blockchain technology, the corporate network can more readily record transactions and track assets. Examples of tangible assets include cars, real estate, money, and real estate (intellectual property, patents, copyrights, trademarks). Almost anything of value can be recorded and traced on the blockchain network, which reduces costs and risks for all parties. Since it enables fully transparent, instantly shareable data to be kept in an immutable ledger that is only accessible to authorized network users, blockchain technology is the greatest option for distributing this data. A blockchain network can be used to track orders, payments, accounts, production, and more.
Blockchain Technology Report Purpose
Applications, Middleware, Blockchain Market by Component (Large Enterprises, SMEs), Platforms and Services, Type (Private, Public, and Hybrid), Organization Size (Transportation and Logistics, Agriculture and Food, Energy and Utilities, BFSI, IT and Telecom, Government, Retail and eCommerce, Others)
Blockchain Technology Insights Into Key Players
The study’s in-depth analysis of the competition covers these key players in the blockchain market, as well as their corporate profiles, recent developments, and significant market strategies. Among the participants are Guardtime, Cegeka, Symbiont, BigHand, Applied Blockchain, Auxesis Group, Spinneys, Infosys, NTT Data, Factom, and R3.
Some of the prominent players
- NTT Data
The global blockchain technology market is segmented as follows:
- Large Enterprises
- Transportation and Logistics
- Agriculture and Food
- Energy and Utilities
- IT and Telecom
- Retail and Ecommerce