Future of the Global Blockchain Market: Trends, Innovations, and Key Forecasts Through 2034

Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Blockchain Market Size Growth Forecast: What to Expect by 2025?
The size of the blockchain market has seen a remarkable increase in the past few years. The market, which is expected to be worth $29.35 billion in 2024, is predicted to soar to $49.99 billion in 2025, achieving a compound annual growth rate (CAGR) of 70.3%. This notable rise during the historical period is largely due to the arrival of bitcoin, the acceptance of cryptocurrency, the initiation of initial coin offerings (ICOs), explorations by enterprises, and the initiation of smart contracts.

How Will the Blockchain Market Size Evolve and Grow by 2029?
Expectations are high for the blockchain market to achieve considerable expansion in the subsequent years. With a forecast compound annual growth rate (CAGR) of 45.0%, it is anticipated to reach a substantial value of $220.93 billion by 2029. Factors such as the focus on environmental conservation, advancement of smart contracts, attention towards privacy and security matters, interoperability solutions, and incorporation by governmental and institutional entities underlie the anticipated growth. Moreover, the predicted trends for this period encompass asset tokenization, decentralized finance (DEFI), non-fungible tokens and digital proprietorship, improved scalability, and corporate adaptation.

View the full report here:
https://www.thebusinessresearchcompany.com/report/blockchain-global-market-report

What Drivers Are Propelling the Growth of Blockchain Market Forward?
The expansion of the blockchain market is anticipated to be propelled by its increasing adoption in various industries and the public sector. As a decentralized database, blockchain has served as the foundation for cryptocurrencies, establishing its primary use in the financial services sector by ensuring the safety, transparency, and security of digital transactions. Companies such as Circle and BitPesa integrate blockchain technology in their international overseas payments. It is now also utilized in sectors such as supply chain, healthcare, government, amongst others. A noteworthy application of this technology is in Dubai, where all government-related financial transactions are powered by blockchain, positioning it as the first government to achieve this milestone. Beauhurst highlighted in September 2024 that 546 active and dormant companies exist in the UK's blockchain sector. 60.4% of these companies are in the seed stage since the industry is still in its development phase, 20.6% are venture-stage and only 3.0% have made it to the growth stage. A significant 86.8% of these companies are targeted towards the creation of application software and 33.7% are involved in the fintech industry. Consequently, the incorporation and need for blockchain throughout various industries are expected to bolster the growth of the blockchain market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=4027&type=smp

Which Emerging Trends Are Transforming the Blockchain Market in 2025?
The prospect of Federated blockchain, also known as consortium blockchain, is predicted to significantly influence the course of the blockchain market in the future forecast period. This private, permission-based form of blockchain enables multiple entities to gain network access through either voting or a token system. The system preserves its decentralized nature by pre-assigning authority nodes by organizations that involve constant data or information exchange within the network. For instance, Devon Energy Corporation, a US-based energy company joined Blockchain for Energy in August 2022. This is a consortium comprised of industry professionals from leading energy companies. This affiliation will assist Devon Energy to progress and convert its management of transactions, records, and data via a collective effort and forward-thinking development of novel technologies.

What Are the Key Segments in the Blockchain Market?
The blockchainmarket covered in this report is segmented -

1) By Type: Private, Public, Hybrid
2) By Provider: Application, Middleware, Infrastructure
3) By Application: BFSI, Telecom And IT, Government

Subsegments:
1) By Private: Permissioned Blockchain, Consortium Blockchain
2) By Public Permissionless Blockchain, Open Source Blockchain
3) By Hybrid: Combination Of Private And Public Elements, Interoperability Solutions

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=4027&type=smp

Who Are the Key Players Shaping the Blockchain Market's Competitive Landscape?
Major companies operating in the blockchain market include Amazon Web Services Inc., International Business Machines Corporation, Block.one Inc., Factom Inc., Coinbase Global Inc., Canaan Inc., Altoros Americas LLC, Circle Internet Financial Limited, Riot Blockchain Inc., ConsenSys LLC, Ripple Labs Inc., BTL Group Ltd., R3 LLC, Deqode Solutions Pvt. Ltd., Bitfury Group Limited, Payward Inc., ChromaWay AB, Venture Aviator Inc., SoftwareMill Sp. z o.o., Espeo Software Sp. z o.o., Blockchain Intelligence Group Inc., SoluLab Inc., Intellectsoft LLC, Accubits Technologies Inc., OpenLedger ApS, LeewayHertz Technologies Private Limited, Inn4Science LLC, 4IRE Labs Corporation, Primechain Technologies Pvt. Ltd., Galaxy Digital Holdings Ltd., Titanium Blockchain Infrastructure Services Inc., Blockchangers, Synsoft Global Technologies Pvt. Ltd., SheerChain Ltd., Bitmain Technologies Ltd., Binance Holdings Limited, Chainalysis Inc., Coinme Inc., BlockFi Lending LLC, Microsoft Corporation, Intel Corporation, Oracle Corporation, SAP SE

What Geographic Markets Are Powering Growth in the Blockchain Market?
North America was the largest region in the blockchain market in 2024. Asia-Pacific was the second largest region in the global blockchain market share. The regions covered in the blockchain market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=4027

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

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
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@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.