Blockchain Technology Market

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.
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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:
By Provider

Application and solution provider
Middleware provider
Infrastructure and protocols provider
By Application

Smart contracts
Digital identity
Clearing and settlement
By Organization Size

Small and Medium Enterprises (SMEs)
Large enterprises
By Industry Vertical

Government and public sector
Healthcare and life sciences
Retail and ecommerce
Media and entertainment
By Region

North America
Latin America
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