Europe Blockchain Market to Reach USD 58.05 Billion by 2029, Driven by Rapid Adoption Across Multiple Sectors

𝐄𝐮𝐫𝐨𝐩𝐞 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐞𝐝 𝐆𝐫𝐨𝐰𝐭𝐡 (𝐂𝐀𝐆𝐑):

The European Blockchain Market is set to witness significant growth, with projections indicating that it will reach a market size of USD 58.05 billion by 2029. This expansion is expected to occur at a robust Compound Annual Growth Rate (CAGR) of 35.88% over the forecast period. The surge in blockchain applications across various sectors such as Banking, Financial Services, and Insurance (BFSI), retail, eCommerce, and real estate is fueling this market's growth trajectory.

𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐂𝐎𝐕𝐈𝐃-19 𝐨𝐧 𝐭𝐡𝐞 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭:

The COVID-19 pandemic had a varied impact on market dynamics across different regions and sectors. The report examines the short-term and long-term effects of the pandemic on key players, including market leaders, followers, and disruptors. The varied lockdown measures implemented across Europe have had diverse impacts on different regions, influencing the blockchain market's performance. Understanding these impacts will aid decision-makers in crafting strategic plans for both the short and long term, tailored to specific regions.

𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐋𝐢𝐧𝐤 𝐃𝐞𝐭𝐚𝐢𝐥𝐬 𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞: https://www.maximizemarketresearch.com/request-sample/2951/

𝐄𝐮𝐫𝐨𝐩𝐞 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬:

The European blockchain market is segmented by application, provider, organization size, industry vertical, and geography. The increasing adoption of blockchain solutions across various industries, including BFSI, retail, eCommerce, and real estate, has significantly boosted market demand. Among the providers, the infrastructure and protocol provider sub-segment held the largest market share and is expected to maintain its dominance during the forecast period. However, the application and solution provider segment is anticipated to witness the highest growth rate.

The payments application sub-segment was the largest in 2016, driven by the increasing use of blockchain in banking and financial transactions, as well as the growth of the digital identity market. The BFSI sector is expected to hold the largest market share throughout the forecast period, while the media and entertainment industry is projected to grow at the fastest rate. Large enterprises currently dominate the market, but small and medium-sized enterprises (SMEs) are expected to experience the highest growth.

Several factors are driving the growth of the blockchain market in Europe, including the reduced total cost of ownership, the rising market capitalization of cryptocurrencies, and the increasing number of initial coin offerings (ICOs). Additionally, the growing demand for streamlined business processes, transparency, immutability, and faster transactions with reduced costs are key factors contributing to the market's expansion. The use of blockchain in smart contracts, document management, and digital identities within the media industry is also propelling market growth. The cost-effectiveness and time efficiency of blockchain applications are driving their adoption across both large enterprises and SMEs.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 (𝐓𝐨 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐒𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 [𝐒𝐮𝐦𝐦𝐚𝐫𝐲 + 𝐓𝐎𝐂]) : https://www.maximizemarketresearch.com/request-sample/2951/

𝐄𝐮𝐫𝐨𝐩𝐞 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

𝐄𝐮𝐫𝐨𝐩𝐞 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧:

• Payments
• Exchanges
• Smart contracts
• Documentation
• Digital identity
• Supply chain management
• Governance, risk and compliance management
• Others

𝐄𝐮𝐫𝐨𝐩𝐞 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐫

• Application and solution provider
• Middleware provider
• Infrastructure and protocol provider

𝐄𝐮𝐫𝐨𝐩𝐞 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐎𝐫𝐠𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐒𝐢𝐳𝐞

• Small & Medium Scale Enterprises
• Large enterprises

𝐄𝐮𝐫𝐨𝐩𝐞 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐕𝐞𝐫𝐭𝐢𝐜𝐚𝐥

• Banking, Financial Services, and Insurance
• Government and public sector
• Healthcare and life sciences
• Media and entertainment
• Retail and ecommerce
• Travel and hospitality
• Transportation and logistics
• Real estate
• IT and telecommunications
• Others

𝐄𝐮𝐫𝐨𝐩𝐞 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

• Microsoft Corporation
• IBM
• Deloitte
• Cap Gemini
• Cognizant
• Infosys
• Tata Communication Services
• Virtusa Polaris
• Wipro
• 3 N-iX
• Bitfury,
• Digital Asset Holdings
• Eleks
• IntellectSoft
• LimeChain
• R3.

𝐄𝐮𝐫𝐨𝐩𝐞 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬: 𝐖𝐡𝐨'𝐬 𝐄𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐢𝐧𝐠 𝐭𝐡𝐞 𝐇𝐢𝐠𝐡𝐞𝐬𝐭 𝐆𝐫𝐨𝐰𝐭𝐡??

Geographically, the European blockchain market is segmented into the UK, Germany, France, and the rest of Europe. Western Europe is expected to be the second-largest region globally in terms of blockchain spending. The increased adoption of blockchain solutions across various industry verticals, including BFSI, retail, eCommerce, and real estate, is significantly contributing to the market's growth in this region.

𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐛𝐣𝐞𝐜𝐭𝐢𝐯𝐞𝐬:

The report aims to present a comprehensive analysis of the European blockchain market, encompassing all stakeholders in the industry. It provides a detailed examination of the market's past and current status, along with forecasted market size and trends. The report also analyzes complex data in a simplified manner to assist decision-makers. A thorough study of key players, including market leaders, followers, and new entrants, is presented by region. The report incorporates PORTER, SVOR, and PESTEL analysis, along with the potential impact of microeconomic factors by region on the market. External and internal factors that may affect the business positively or negatively are also analyzed, providing a clear futuristic view of the industry for decision-makers.

𝐂𝐨𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧:

The Europe Blockchain Market is on a rapid growth trajectory, driven by the widespread adoption of blockchain technology across various sectors. The market is expected to continue its expansion, reaching a valuation of USD 58.05 billion by 2029. The report offers valuable insights for stakeholders, enabling them to make informed decisions and capitalize on the opportunities presented by the blockchain revolution in Europe.

𝐂𝐡𝐞𝐜𝐤 𝐎𝐮𝐭 𝐚 𝐁𝐫𝐢𝐞𝐟 𝐒𝐮𝐦𝐦𝐚𝐫𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞: https://www.maximizemarketresearch.com/market-report/europe-blockchain-market/2951/

𝐊𝐞𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐄𝐮𝐫𝐨𝐩𝐞 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

What is Europe Blockchain?
What is the growth rate of the Europe Blockchain Market?
Who are the key players in the Europe Blockchain market?
Who are the leading companies and what are their portfolios in Europe Blockchain Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Europe Blockchain Market?
Which are the factors expected to drive the Europe Blockchain market growth?
What are the different segments of the Europe Blockchain Market?
What growth strategies are the players considering to increase their presence in Europe Blockchain?
What are the upcoming industry applications and trends for the Europe Blockchain Market?

𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size & Forecast by Different Segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region

𝐋𝐨𝐨𝐤 𝐓𝐡𝐫𝐨𝐮𝐠𝐡 𝐎𝐮𝐫 𝐌𝐨𝐬𝐭 𝐏𝐨𝐩𝐮𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

♣ Maternal Health Market https://www.maximizemarketresearch.com/market-report/maternal-health-market/189366/

♣ Solar Power Plant Market https://www.maximizemarketresearch.com/market-report/solar-power-plant-market/194196/

♣ Bath Towel Market https://www.maximizemarketresearch.com/market-report/bath-towel-market/195327/

♣ storage tank Market https://www.maximizemarketresearch.com/market-report/storage-tank-market/195623/

♣ Carbon Credit Market https://www.maximizemarketresearch.com/market-report/carbon-credit-market/198127/

♣ Government and Education Logistics Market https://www.maximizemarketresearch.com/market-report/government-and-education-logistics-market/198727/

♣ Europe Military Land Vehicle Market https://www.maximizemarketresearch.com/market-report/europe-military-land-vehicle-market/199951/

♣ Global Industrial Vehicles Market https://www.maximizemarketresearch.com/market-report/global-industrial-vehicles-market/54631/

♣ Fiberglass Market https://www.maximizemarketresearch.com/market-report/fiberglass-market/2602/

♣ Foam Market https://www.maximizemarketresearch.com/market-report/foam-market/122498/

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

sales@maximizemarketresearch.com

+91 96071 95908, +91 9607365656

𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.