Blockchain In Security Market Expansion Continues, with Forecast Valuation of $10.38 Billion by 2029

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Blockchain In Security Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of security in blockchain has seen significant expansion in the past few years. It is projected to surge from $2.07 billion in 2024 to $2.89 billion in 2025, marking a compound annual growth rate (CAGR) of 39.8%. The historical growth can be accredited to a boost in venture capital and investments, amplified government efforts, heightened understanding of the advantages, proliferation of decentralized applications, and partnerships within the financial sector.

Blockchain In Security Market Size Forecast: What's the Projected Valuation by 2029?
Predictions suggest a significant rise in the size of the blockchain in security market in the forthcoming years, with an anticipated value of $10.38 billion by 2029, showing a compound annual growth rate (CAGR) of 37.7%. The surge in this forecast period can be linked to an intensified need for minimising troubleshooting, growing contribution of cryptocurrency and Initial Coin Offerings, expanding healthcare and education sectors, escalating digital transformation, as well as the increasing threats in cybersecurity. The forecast period is expected to witness prominent trends such as smart contracts enabling automated security protocols, incorporation of IoT to secure devices, amalgamation of cybersecurity, the advent of privacy-enhancing technology, multi-chain ecosystems, and quantum-safe cryptography.

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What Are the Drivers Transforming the Blockchain In Security Market?
As cybersecurity threats escalate, the blockchain-in-security market is predicted to expand correspondingly. Cybersecurity threats involve harmful actions that are meant to compromise the confidentiality, integrity, or access to information systems and data. The increasing cybersecurity threats can be linked to aspects such as rising connectivity via numerous internet-connected devices, the sophisticated stratagems of cybercriminals, and the ubiquitous embracement of digital technologies without appropriate security precautions. Because it's decentralized and immutable, blockchain offers an unrivaled defense against harmful assaults. This makes it an alluring option for protecting critical data and transactions across diverse sectors. For example, the Department of Defense Australia, an Australian government department, reported in November 2023, that the Australian Cyber Security Centre had received over 94,000 reports of cybercrime during the financial year 2022-2023, an upswing of 23% from the previous financial year, 2021-22. Hence, the emerging cybersecurity threats are fueling the expansion of the blockchain security market.

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What Long-Term Trends Will Define the Future of the Blockchain In Security Market?
Top players in the blockchain security market are pioneering the advancement of technologies like anti-sc*am systems aimed at fortifying cybersecurity defenses and safeguarding against deceitful activities. Aided by tools such as identity verification, transaction monitoring and AI-powered threat detection, these anti-sca*m technologies work relentlessly to spot, ward off, and challenge fraudulent activities, thereby assuring user protection from sc*ams. For example, Baorui, a British cryptocurrency trading podium, rolled out their blockchain anti-sc*am technology in May 2024, marking the commencement of a revolutionary phase in trading. This advanced technology scrupulously scrutinizes every transaction to pinpoint and avert any likely fraudulent undertakings. It adeptly oversees and decodes convoluted transaction trends, cementing the security of user transactions on the Baorui platform.

Which Segments in the Blockchain In Security Market Offer the Most Profit Potential?
The blockchain in securitymarket 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

Subsegments:
1) By Platform: Blockchain-As-A-Service (BaaS), Distributed Ledger Technology (DLT) Platforms, Smart Contract Platforms, Identity Management Platforms, Cryptographic Platforms
2) By Services: Consulting Services, Integration And Implementation Services, Managed Services, Training And Support Services

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Which Firms Dominate the Blockchain In Security Market by Market Share and Revenue in 2025?
Major companies operating in the blockchain in security market are Microsoft Corporation, Amazon Web Services Inc., Intel Corporation, accenture* PLC, 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.

Which Regions Offer the Highest Growth Potential in the Blockchain In Security Market?
North America was the largest region in the blockchain in security market in 2024. The regions covered in the blockchain in security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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