Blockchain Market

Market Overview

The global Blockchain Market size was valued at USD 24.20 billion in 2024 and is predicted to reach USD 301.02 billion by 2030 with a CAGR of 60.2% from 2025-2030.

The surge in digital payment transactions along with growing concerns over data security is growing the demand for the market. However, regulatory uncertainty and high implementation costs hinder the overall adoption rate. 

On the other hand, the fusion of decentralized finance in blockchain is expected to create growth opportunities for the market. Additionally, some notable companies such as IBM Corporation along with Ethereum and Hyperledger are embracing business approaches such as partnerships and technological advancements to upgrade their industry dominance. As blockchain technology continues to evolve its applications are expected to expand to improve efficiency and security transparency across various industries.

Rising Demand for Cryptocurrencies Drives the Market Growth

The growing adoption of cryptocurrencies across several financial services and industries is increasing the blockchain market demand. In most developed regions the traditional banking infrastructure is lacking and countless individuals lack access to basic financial services. Cryptocurrencies enable these payment option that reduce transaction costs and empower individuals to access services such as payments and money transfers.

Increasing Adoption of Cybersecurity Propels the Market Expansion

The rising demand for digital and cloud security to provide payment transparency and accountability is driving the blockchain market growth. Its diverse applications in identity verification and asset ownership makes it even more appealing for the consumers across the world. As awareness for digital payment increases, tokenization continues to find applications across various industries to meet the surging demand for transparent security.

Government Initiative for Digital Payments Drive the Market

Government support for implementing blockchain technology is expanding the market due to its potential economic growth along with increased payment transparency. This technology is used to create secure digital identity systems and more secure voting processes that promotes innovation in these critical areas. For example, World Bank deployed the design of blockchain solutions and overcome the barriers to adoption in public sector digital transformation projects.

Regulations Towards Digital Currencies Restrains the Market Growth

The regulatory uncertainties surrounding consensus mechanism hinders innovation and investment in the industry, which is restraining the blockchain market expansion.

Incorporation of Advanced Technologies Creates Future Opportunity

The integration of AI-based technology in the blockchain platform to monitor and manage risk in real-time which help to prevent large losses for traders is expected to create significant opportunity for the blockchain market trends. 

Recently, Octanom Tech launched its AI backed platform that provides investment and trading solutions to retail investors. The platform is designed to help investors make informed decisions and manage their portfolios more effectively to compete with other trading platforms and hedge funds.

Market Segmentation and Scope of Study

The blockchain market report is divided on the basis of component, provider, type, application, end user and region. On the basis of component, the market is categorized into platform and services. On the basis of type, the market is segmented into public, private and hybrid. On the basis of application, the market is divided into digital identity, payments, supply chain management, internet of things (IoT), and others. On the basis of end user, the market is divided into BFSI, energy & utilities, government, healthcare and life sciences, manufacturing, telecom, media and entertainment, retail and consumer goods, travel and transportation, and others. Regional breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America presently dominates the blockchain market share and is expected to continue its dominance throughout the forecast period. This is attributed to the rapid implementation of smart contracts in the prominent healthcare sector across the region. 
The application of blockchain technology in the healthcare sector is gaining a significant growth as companies including Galvan applied decentralized finance (DeFi) to the healthcare industry with the goal of giving individuals more control over their health data. It expressed a desire to put healthcare in the hands of patients by putting health records on the blockchain. It is also known for its mental health tracking app which uses AI, CBT and rewards to help users achieve a healthier state of mind.

Also, rising government initiatives towards the importance of blockchain technology for Anti Money Laundering or Countering the Financing of Terrorism is driving the market growth. As the U.S. Treasury Department's Office of Foreign Assets Control has sanctioned Blender the first ever virtual currency mixer. It is committed to expose the components of the virtual currency ecosystem that are critical to the disruption of stolen proceeds from illicit cyber activity. 

Additionally, the increasing need for operational efficiency within the banks and other financial institutes coupled with substantial investments in blockchain technology with the rising legalization of cryptocurrency is driving the growth of the market.

On the other hand, Asia-Pacific is considered fastest growing region in the blockchain industry owing to the increasing cross-border stock trading among the various global investors. For instance, in October 2023, The Hong Kong Stock Exchange (HKEX) launched a blockchain-based settlement platform called Synapse an upgraded version of existing Stock Connect system that links Hong Kong's stock markets with those in mainland China. The platform is designed to accelerate cross border stock trades and allow global investors to efficiently handle post trade tasks across various time zones.

Furthermore, the leading companies are adopting various business strategies including product launch and business expansion which in turn is boosting the market growth. Infosys Limited launched its blockchain based solution for vital records management in partnership with VMware. It offers superior citizen experience through improved transparency, data security and lower operational costs. Also, the Infosys Blockchain Pharma Supply Chain Solution helps clients achieve improved end-to-end traceability across the supply chain from source to shelf.

Competitive Landscape  

Various players in the blockchain industry includes Blockstream Corporation Inc., Chainalysis Inc., Coinbase Global, Inc., Ripple Inc., Ethereum, Stellar, Microsoft Corporation, Oracle Corporation, Velas Corporation, Solana Foundation, Peiko Space, Kaleido Group, JPMorgan Chase & Co., Consensys Inc., Labrys and Others. These companies are opting various strategies such as collaboration to maintain their dominance in the sector.

In March 2025, Blockstream launched three new institutional funds with multibillion-dollar investments including two funds that enable institutions to lend and borrow using Bitcoin as collateral. This move aims to attract institutional capital into the cryptocurrency market offering Bitcoin-backed loans and hedge fund strategies.

Also, in November 2024, Coinbase expanded its business reach with a new engineering hub in Singapore to support of the Singapore Economic Development Board. The company has acquired the team behind Iron Fish to enhance privacy-preserving technologies on its Base platform, while the Iron Fish blockchain will remain independent.

Key Benefits

• The report provides quantitative analysis and estimations of the blockchain market from 2025 to 2030, which assists in identifying the prevailing industry opportunities.

• The study comprises a deep-dive analysis of the current and future blockchain market trends to depict prevalent investment pockets in the sector.

• Information related to key drivers, restraints, and opportunities and their impact on the blockchain market is provided in the report.

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of the roles of stakeholders.

Blockchain Market Key Segments

By Component

• Platform

• Services

By Type

• Public

• Private

• Hybrid 

By Application

• Digital Identity

• Payments

• Supply Chain Management

• Internet of Things (IoT)

• Others

By End User

• BFSI

• Energy & Utilities

• Government

• Healthcare and Life Sciences

• Manufacturing

• Telecom

• Media and Entertainment

• Retail and Consumer Goods

• Travel and Transportation

• Others

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden

  • Norway        

  • Russia        

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

Key Players

• Blockstream Corporation Inc.

• Chainalysis Inc.

• Coinbase Global, Inc.

• Ripple Inc.

• Ethereum

• Stellar

• Microsoft Corporation

• Oracle Corporation

• Velas Corporation

• Solana Foundation

• Peiko Space

• Kaleido Group

• JPMorgan Chase & Co.

• Consensys Inc.

• Labrys

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2024	USD 24.20 Billion
Revenue Forecast in 2030	USD 301.02 Billion
Growth Rate	CAGR of 60.2% from 2025 to 2030
Analysis Period	2024–2030
Base Year Considered	2024
Forecast Period	2025–2030
Market Size Estimation	Billion (USD)
Growth Factors	Growing adoption of digital currencies boost the market growth.   Increasing demand for transparency and security propels the market expansion. Government initiative for blockchain technology further expands the market.
Countries Covered	28
Companies Profiled	15
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent to up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.