Blockchain technology market is estimated to USD 2,312.5 Million at a CAGR of 61.5% during the forecast period

The blockchain technology market size is estimated to grow from USD 210.2 Million in 2016 to USD 2,312.5 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 61.5% during the forecast period. In the report, 2015 is considered the base year, while the forecast period is 2016–2021.

The objective of the report is to define, describe, and forecast the blockchain technology market on the basis of providers, applications, deployment modes, organization sizes, verticals, and regions, and also to provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). The report strategically analyzes each subsegment with respect to individual growth trends, future prospects, and contribution to the total market.

The research methodology used to estimate and forecast the blockchain technology market begins with capturing data on key vendor’s revenues through secondary sources such as the industry associations and consortiums such as Wall Street Blockchain Alliance (WSBA), R3 CEV Blockchain Consortium, World Economic Forum, Hyperledger Foundation, and other sources such as company financials, journals, press releases, paid databases, and annual reports. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments.

The blockchain technology ecosystem comprises blockchain technology vendors, such as Microsoft Corporation (U.S.), IBM Corporation (U.S.), Deloitte (U.S.), Ripple (U.S.), Chain, Inc. (U.S.), Abra, Inc. (U.S.), BitFury (U.S.), Coinbase (U.S.), Circle Internet Financial Limited (U.S.), Digital Asset Holdings (U.S.), Blockchain Tech Ltd (Canada), Global Arena Holding, Inc. (U.S.), Digital CC Ltd (Australia), 21 Inc. (U.S.), and Earthport (U.K.). Other stakeholders of the blockchain technology market include blockchain technology service providers, consulting firms, IT service providers, resellers, and technology providers.

The target audiences of the blockchain technology market report are given below:

Government agencies

Blockchain technology vendors

Network solution providers

Independent software vendors

Consulting firms

Payment gateway providers

Value-added resellers

Financial services firms

“The study answers several questions for the stakeholders; primarily, which market segments to focus in the next two to five years for prioritizing the efforts and investments.”

Scope of the Report

The research report categorizes the blockchain technology market to forecast the revenues and analyze the trends in each of the following subsegments:

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By Provider

Application and solution provider

Middleware provider

Infrastructure and protocols provider

By Application

Payments

Exchanges

Smart contracts

Documentation

Digital identity

Clearing and settlement

Others

By Organization Size

Small and Medium Enterprises (SMEs)

Large enterprises

By Industry Vertical

BFSI

Government and public sector

Healthcare and life sciences

Retail and ecommerce

Automotive

Media and entertainment

Others

By Region

North America

Europe

MEA

APAC

Latin America

Available Customizations

With the given market data, Publisher offers customizations as per the company’s specific needs. The following customization options are available for the report:

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