In-Depth Dive into Blockchain In Security Market Size, Growth Drivers, and Emerging Trends (2024-2033)

The new report published by The Business Research Company, titled "Blockchain In Security Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the blockchain in security market size has grown exponentially in recent years. It will grow from $1.47 billion in 2023 to $2.07 billion in 2024 at a compound annual growth rate (CAGR) of 40.1%. The blockchain in security market size is expected to see exponential growth in the next few years. It will grow to $8.03 billion in 2028 at a compound annual growth rate (CAGR) of 40.1%.

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Rising Cybersecurity Threats Drive Growth in the Blockchain Security Market
The growing cybersecurity threats are expected to propel the growth of the blockchain-in-security market. Cybersecurity threats refer to any malicious activities that attempt to compromise the confidentiality, integrity, or availability of information systems and data. The growing cybersecurity threats can be attributed to factors such as increased connectivity through more internet-connected devices, the evolving tactics of cybercriminals, and the widespread adoption of digital technologies without adequate security measures. Blockchain's decentralized and immutable nature offers unparalleled protection against malicious attacks, making it a compelling choice for safeguarding sensitive data and transactions in various industries. For instance, in November 2023, according to the Department of Defence Australia, an Australia-based government department, during the financial year 2022-2023, the Australian Cyber Security Centre received over 94,000 reports of cybercrime, marking a 23 percent increase from the previous year, 2021-22. Therefore, the growing cybersecurity threats are driving the growth of the blockchain security market.

The blockchain in security market covered in this report is segmented -

1) By Component: Platform, Services
2) By Security Type: Private, Public, Hybrid
3) By Size: Large Enterprises, Small And Medium Enterprises
4) By Application: Transportation And Logistics, Agriculture And Food, Manufacturing, Government, Information Technology And Telecom, Insurance, Retail, Other Applications

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Major companies operating in the blockchain in security market are Microsoft Corporation, Amazon Web Services Inc., Intel Corporation, IBM Corporation, Deloitte Touche Tohmatsu Limited, Oracle Corporation, Huawei Technologies Co Ltd., Infosys Technologies Private Limited, Horizen Labs Inc., SlowMist Technology Co Ltd., Bitfury Holding B.V., LeewayHertz Technologies Inc., Guardtime USA Inc., CertiK, Hacken OÜ, Ankr Network, OpenZeppelin, Trail of Bits Inc., ConsenSys Inc., BlockCypher Inc., Oasis Labs Inc., Securosys SA, Quantstamp Inc., Blockchain Foundry Inc.

Contents of the report:
1. Executive Summary
2. Blockchain In Security Market Report Structure
3. Blockchain In Security Market Trends And Strategies
4. Blockchain In Security Market - Macro Economic Scenario
5. Blockchain In Security Market Size And Growth
…..
27. Blockchain In Security Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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