The Future of Blockchain: Global Market Size Expected to Reach USD 10.85 Billion in 2022 and Grow at a CAGR of 62.41% from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Blockchain market size accounted for USD 10.85 Billion in 2022, growing at a CAGR of 62.41% from 2023 to 2033. Blockchain is a decentralized and distributed digital ledger that records transactions securely and transparently. It consists of a network of computers (nodes) that validate and record each transaction, creating a chain of blocks that cannot be altered or deleted without the consensus of the network. Each block contains a cryptographic hash of the previous block, creating an immutable record of all previous transactions. This makes blockchain a highly secure and trustworthy technology for a wide range of applications, including cryptocurrencies, supply chain management, digital identity, voting systems, and more.
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Key Highlights:
• The global Blockchain Market size was valued at USD 10.85 billion in 2022 growing at a CAGR of 62.41% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on the Global Blockchain Market focusing on various aspects including market size and forecast, market dynamics, competitors' market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which include Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted to prosper in this industry over the short and long terms. The quantitative analysis includes our authentic findings of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID-19 impact, the Blockchain market report also includes the following data points:
• COVID-19 Impact on Blockchain market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players' Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in the Blockchain Market
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Key Players
Some of the major Blockchain players holding high market share include Infosys Ltd, Microsoft Corp, Oracle Corp, Salesforce Inc, and Tencent Holdings Ltd. These players use partnership and collaboration as key strategies to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Alibaba Group Holding Ltd
• International Business Machines Corp
• Infosys Ltd
• Microsoft Corp
• Oracle Corp
• Salesforce Inc
• Tencent Holdings Ltd
• Wipro Ltd
• Monax
• Ripple
Segmental Analysis
Market Segment By Type with a focus on market share, consumption trend, and growth rate of Blockchain Market:
o Public Cloud
o Private Cloud
o Hybrid Cloud
Market Segment By Component with focus on market share, consumption trend, and growth rate of Blockchain Market:
o Infrastructure & Protocols
o Middleware
Market Segment By Application with focus on market share, consumption trend, and growth rate of Blockchain Market:
o Digital Identity
o Exchanges
o Payments
o Smart Contracts
o Supply Chain Management
o Others
Market Segment By End-user with focus on market share, consumption trend, and growth rate of Blockchain Market:
o Financial Services
o Government
o Healthcare
o Media & Entertainment
o Retail
o Transportation & Logistics
o Travel
o Others
Parameters Details
Market Size (2022) USD 10.85 Billion
CAGR (2023 to 2033) 62.41%
Market Segmentation Type, Component, Application, End-user
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America
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Global Blockchain Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
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