Press release
What's Driving the Blockchain Technologies Market 2025-2034: Government Support Propelling The Blockchain Technologies Market
Blockchain Technologies Market Size
In recent times, there has been an explosive growth in the size of the blockchain technologies market. The market is projected to expand from a worth of $20.65 billion in 2024, surging to a staggering $31.73 billion in 2025, exhibiting a stellar compound annual growth rate (CAGR) of 53.6%. Factors such as the embrace of cryptocurrency and its transactions, increased transparency and traceability in supply chains, the advent of smart contracts and automation, a surge in cross-border payments and remittances, and the acceptance of digital identity and authentication contribute to this historic growth period.
In the coming years, the market size of blockchain technologies is anticipated to experience skyrocketing growth, reaching $159.53 billion in 2029 with a compound annual growth rate (CAGR) of 49.7%. The impressive expansion expected during the forecast period could be credited to the increase in decentralized finance (DEFI), the presence of non-fungible tokens (NFTs) and digital assets, the application of blockchain in healthcare for securing data, and considerations around environmental, social, and governance (ESG) integrated with the internet of things (IoT). Key trends to watch during the forecast period encompass the use of blockchain in supply chain, its acceptance by government and institutional entities, layer 2 scaling solutions, collaborations across different industries, and asset tokenization.
What Are the Main Catalysts for Growth in the Blockchain Technologies Market?
Expected advancements in the blockchain technologies market are likely to be catalyzed by positive government initiatives towards this sector. Policymaking and framework development for blockchain adoption are on the agenda of governments in both developed and emerging economies. A case in point is a blockchain module launched by the Indian Government in January 2023, in partnership with 5ire, a local blockchain platform, and Network Capital, an Indian platform focusing on mentorship and career progression. The module aims to stimulate innovation and entrepreneurship. With such supportive initiatives, the future demand for blockchain technologies is likely to surge.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2506&type=smp
Which Businesses Are at the Forefront of Blockchain Technologies Market Development?
Major companies operating in the blockchain technologies market include Microsoft Corporation, Huawei Technologies Co. Ltd., Amazon Web Services Inc., International Business Machines Corporation, Deloitte Touche Tohmatsu Limited, Infosys Limited, Coinbase Global Inc., Auxesis Group, Cegeka NV, Circle Internet Financial Limited, Celsius Network Ltd., Canaan Inc., BTL Group Ltd., Patron Technology Ltd., Riot Blockchain Inc., Ripple Labs Inc., R3 LLC, Bitfury Group Limited, Steemit Inc., Applied Blockchain Ltd., BlockCypher Inc., Blockpoint Inc., AlphaPoint Corp., Chain Inc., BigchainDB GmbH, TraDove Inc., Symbiont.io Inc., Blockchain Foundry Inc., Factom Inc., Menlo One Ltd., RecordsKeeper, Galaxy Digital Holdings Ltd., BlockFi Lending LLC, ConsenSys AG, MoonPay Limited, Lockheed Martin Corporation, Blockdaemon Corp.
What Are the Latest Innovations in the Blockchain Technologies Market?
An increasing number of businesses, spanning a diverse range of sectors, are investing in blockchain technology, due to its superior data management capabilities. Major industries such as healthcare, banking and finance, digital assets, along with a number of government departments, are experiencing significant growth through the use of this technology. Consequently, corporations like VISA, Facebook, Microsoft, and Amazon have started injecting funds into the technology, aiming to incorporate blockchain into their routine operations as early as possible. They employ blockchain technology to develop smart contracts, which not only accelerate payment procedures but also offer valuable support when engaging in stock market investment. As part of its endeavor to advocate Blockchain-as-a-Service (BaaS) on a distributed platform, the Indian government unveiled the Vishvasya-Blockchain Technology Stack in September 2024. The project was led by S. Krishnan, the Secretary of the Ministry of Electronics and Information Technology (MeitY) and its intention is to improve security, transparency, and confidence in digital services for the public.
How Is the Blockchain Technologies Market Segmented?
The blockchain technologies market covered in this report is segmented -
1) By Type: Public, Private, Hybrid
2) By Provider: Application Providers, Middleware Providers, Infrastructure Providers
3) By Application: Payments, Exchanges, Smart Contracts, Documentation, Digital Identity, Supply Chain Management, Governance, Risk And Compliance Management, Other Applications (Digital Voting And Content
Storage Management)
4) By End User: Financial Services, Consumer Or Industrial Electronics, Technology, Media And Telecom, Healthcare, Transportation, Public Sector, Other End-Users
Subsegments:
1) By Public: Permissionless Blockchain, Open Source Blockchain
2) By Private: Permissioned Blockchain, Consortium Blockchain
3) By Hybrid: Semi-Permissioned Blockchain, Interoperability Solutions
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/blockchain-technologies-global-market-report
Where Is the Blockchain Technologies Market Growth Most Prominent?
The countries covered in the blockchain technologies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
What Is Covered In The Blockchain Technologies Global Market Report?
- Market Size Analysis: Analyze the Blockchain Technologies Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Blockchain Technologies Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Blockchain Technologies Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Blockchain Technologies Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2506
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release What's Driving the Blockchain Technologies Market 2025-2034: Government Support Propelling The Blockchain Technologies Market here
News-ID: 3878018 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Blockchain
Pharmaceutical Blockchain Market to Witness Impressive Growth by 2030: IBM Block …
According to HTF Market Intelligence, the Pharmaceutical Blockchain market to witness a CAGR of 55% during the forecast period (2024-2030).The Latest published a market study on Global Pharmaceutical Blockchain Market provides an overview of the current market dynamics in the Global Pharmaceutical Blockchain space, as well as what our survey respondents- all outsourcing decision-makers- predict the market will look like in 2030. The study breaks the market by revenue and…
Noticias Blockchain Among the First to Launch of Blockchain for Good Alliance (B …
Noticias Blockchain is a premier Spanish blockchain news portal helmed by tech-savvy highly experienced journalists specializing in cryptocurrencies and blockchain technologies. The company recently published a comprehensive coverage of BGA's launch.
Image: https://www.getnews.info/uploads/70692aa238526d085c2aae051094caca.png
The world of cryptocurrencies and blockchain technologies expands at a rapid pace, witnessing breakthroughs big and small on a seemingly daily basis. To ensure that traders, crypto-curious individuals, investors, and blockchain experts across the globe have instant access…
FinTech Blockchain Market Is Booming Worldwide | Ripple, Guardtime, Cambridge Bl …
FinTech Blockchain Market: The extensive research on FinTech Blockchain Market, by Qurate Research is a clear representation on all the essential factors that are expected to drive the market considerably. Thorough study on FinTech Blockchain Market helps the buyers of the report, customers, the stakeholders, business owners, and stockholders to understand the market in detail. The updated research report comprises key information on the market, such as market rate, estimated…
Blockchain Security Market Set for Explosive Growth | DMG Blockchain Solutions, …
Global Blockchain Security Market Growth (Status and Outlook) 2021-2026 is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Blockchain Security Market. Some of the key players profiled in the study are Oracle, IBM, Kaspersky, Gemalto,…
Impact of Outbreak of Coronavirus (Covid-19) on Blockchain in IOT Market by 2027 …
The Blockchain in IOT market is expected to garner $6000 million and rise at a CAGR of 70% during the forecast period from 2019 to 2027.
A new market report titled “Blockchain in IOT Market” has been added to the repository of Research N Reports. This report provides comprehensive assessment of the current trends, restrains and futuristic opportunities, which are anticipated to provide lucrative avenues for market proliferation. An in-depth description…
Oodles Blockchain Uses Top Blockchain Platforms To Expedite Blockchain Adoption
With an aim to leverage the blockchain technology to change the centralized system and make it decentralized, Oodles Blockchain has decided to use top blockchain platforms to develop consumer-based blockchain applications.
Oodles Blockchain, a micro-website of Oodles Technologies, developed mainly to focus on blockchain technology, is delighted to announce that it will be expanding its horizon of blockchain development services by using a few latest open source blockchain platforms like…
