Press release
Blockchain Market Size, Share | Industry Report 2026
The global blockchain market was valued at $2.3 bn in 2016 and is forecast to grow at a modest CAGR of 28.0% between 2017 and 2024, culminating to global revenue of $16.3 bn by 2024.The global blockchain industry is majorly driven by increasing focus by organizations on transparency, immutability and scalability. Escalating demand across varied end-use sectors including BFSI, government and public sector, automotive, retail, and healthcare among many others is another factor expected to impact market growth favorably.
High efficiency of this technology for asset management, intra-organizational execution, identity management, and transaction processing have led to elevating adoption by enterprises to better manage resources and produce better results. Factors such as lack of awareness pertaining to the blockchain technology paired with uncertain regulatory status may hinder market growth significantly over the next few years.
The industry is witnessing an upcoming trend of financial institutions and venture capitalists investing heavily in blockchain which is also anticipated to propel demand over the forecast period. In addition, several benefits offered by blockchain including cost savings, efficiency, and security is further expected to catapult demand.
Click the link below to view the report description: www.ameriresearch.com/product/blockchain-market-size/
Key findings from the study: -
• With increasing number of start-ups introducing blockchain, the already existing players in the market are facing challenges regarding prices. Growing technology penetration and technology evolution is another factor instigating industry participants to reduce prices in an attempt to further penetrate the market.
• Large enterprise captured more than 70% of the overall revenue in 2016 and is expected to witness substantial growth over the next few years on account of escalating demand from these organizations to record high volumes of financial and operational transactions.
• Prominent industry players include Microsoft Corporation, Circle Internet Financial Limited, IBM Corporation, Alphaphoint, Deloitte, Coinbase, Ripple, Chain Inc., Global Arena Holding, Inc., Digitalx Ltd., Earthport, Abra Inc., BTL Group, Bitfury, Digital Asset Holdings, Intelygenz.
Ameri Research has segmented the Blockchain Market by material categories, product type, end-use and region:
Market Segmentation:
Blockchain Market, by Enterprise Size (Revenue, USD Million)
• Small Medium Enterprises (SMEs)
• Large Enterprise
Blockchain Market, by Application (Revenue, USD Million)
• Payment
• Exchanges
• Smart Contracts
• Documentation
• Digital Identity
• Others
Blockchain Market, by End-Use (Revenue, USD Million)
• BFSI
• Healthcare
• Retail
• Automotive
• Media & Entertainment
• Government
• Others
Blockchain Market, by Region (Revenue, USD Million)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Colombia
• Middle East & Africa
• Saudi Arabia
• UAE
Browse Full Report @ www.ameriresearch.com/product/blockchain-market-size/
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About Us:
Ameri Research Inc. (www.ameriresearch.com) is a U.S. based market research and consulting company, registered in the State of Florida and headquartered in Tampa Bay Area. At Ameri Research we are passionately curious about people, markets, brands and society. Our ability to gauge market movements, deep expertise in data science, strong domain expertise and years of collective global experiences helps us to bring unmatched quality in deliverables to our clients. With carefully planned systems and processes in place, we cater to the requirements of our clients in a timely and cost-efficient manner, bringing increased predictability to their business. Each year we are publishing more than 100 syndicated reports in healthcare, chemicals, materials, food & beverages, defense & aerospace, media & entertainment, sports & fitness, and energy. We offer our clients a unique depth of knowledge and expertise around-
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