Pune, India, Might 25, 2023 (GLOBE NEWSWIRE) — According to Fortune Company Insights, the worldwide blockchain technologies industry size is estimated at $11.14 billion in 2022 and is forecast to develop from $17.57 billion in 2023 to USD 469.49 billion by 2002, displaying a CAGR of 59.9% for the duration of the forecast period. The escalating quantity of identity and information theft situations is escalating the demand for cryptographic ledger options. Fortune Company Insights, supplies this data in its report titled Worldwide Blockchain Technologies Marketplace Forecast, 2023-2030.
The digital atmosphere is developing at a fast pace just about every year as a lot more and a lot more industries go digital. This situation is anticipated to enhance the demand for blockchain technologies options in these sectors as it can assist them enhance their efficiency. The use of digital payment systems has grown exponentially in current years, which will accelerate the adoption of this technologies, thereby fueling the development of the blockchain technologies industry.
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Important sector developments:
March 2021 – IBM Corporation has partnered with Moderna to make a intelligent provide chain for COVID-19 vaccines. This would assist men and women, healthcare providers and governments to securely share data associated to the COVID-19 vaccine making use of blockchain applications such as Digital Well being Pass.
Important Takeaways
- Blockchain Technologies industry size in North America was $five.25 billion in 2022
- Growing preference for cloud options to enhance adoption of BaaS options
- The escalating adoption of digitization in several industries for the duration of COVID-19 has enhanced the demand for digital ledger options
- The payments segment is anticipated to hold a massive industry share for the duration of the projected period
Find out the top players featured in the report:
“Businesses top the worldwide blockchain technologies industry are Accenture PLC (Ireland), Amazon Internet Solutions, Inc. (USA), Wipro Restricted (India), IBM Corporation (USA), Intel Corporation (USA), LeevaiҺeartz (USA), Microsoft Corporation (USA), Oracle Corporation (USA), R3 (USA), Tata Consultancy Solutions Restricted (India )”
Report scope and segmentation
Coverage of the reportSpecificsForecast Period 2023 to 2030 Forecast Period 2023 to 2030 CAGR59.9%2030 Worth Projection $469.49 Billion Base Year 2022 Blockchain Technologies Marketplace Size 2022 $11.14 20219 Billion information in history. of Pages160 segments covered Element, Variety, Application, Application, Sector and Geography
Drivers and restrictions:
Increasing Identity and Information Theft to Enhance Adoption of Cryptographic Ledger Options
BFSI organizations are adopting digital ledger technologies to maintain finish users’ monetary information and identity safe. Technologies applications such as clearing and settlements, cross-border transactions, digital identity verification, trade finance platforms and credit reporting are gaining recognition in the BFSI sector. This will encourage industry expansion.
Even so, the lack of certified experts could hamper the development of the industry.
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Segmentation:
Bi Element
- Platform/Option
- Blockchain as a Service (BaaS)
Bi Variety
- Public
- Private
- A hybrid
- Consortium
Bi Application
- Digital identity
- Payments
- Intelligent contracts
- Provide chain management
- Net of Items
- The second
Bi Deployment
- Proof of idea
- Pilot
- Production
Bi Industri
- BFSI
- Power and utility solutions
- Government
- Healthcare and life sciences
- Manufacturing
- Telecom, media and entertainment
- Retail and customer goods
- Travel and transportation
- The second
By Area
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
Regional Insights:
Big presence of crucial organizations to drive industry development in North America
North America held a dominant position in the industry in 2020 due to the escalating presence of crucial players in the US such as IBM Corporation, Microsoft Corporation, Oracle Corporation, AVS, and Digital Asset Һoldings LLC.
Europe held the second position in the industry as governments and organizations in quite a few nations across the area are investing heavily in digital currencies.
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Competitive landscape:
Upgrading current item variety and launching new goods making use of blockchain to drive industry development
Important blockchain technologies organizations are building a wide variety of digital ledger options to meet the developing demands of companies and buyers. The introduction of sophisticated options will assist these industry players to strengthen their industry position. They are also attempting to enhance the safety of their digital ledgers to assist modest companies overcome daily challenges.
FAX
How huge is the industry for blockchain technologies?
The blockchain technologies industry size was $11.14 billion in 2022. It is anticipated to attain $469.49 billion by 2030.
How quick is the blockchain technologies industry developing?
The blockchain technologies industry will exhibit a CAGR of 59.9% for the duration of the forecast period, 2023-2030.
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FinTech Blockchain Marketplace Size, Share, Income Forecast and Possibilities
Blockchain in BFSI Marketplace Overview, Sector Share and Forecast
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