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Location: Home / Tehnologija / Blockchain Technology Market: 19.00% Y-O-Y Growth Rate in 2021 | Market Size, Share & Trends Analysis Report by End-user, Geography, and Segment Forecasts, 2021 - 2025

Blockchain Technology Market: 19.00% Y-O-Y Growth Rate in 2021 | Market Size, Share & Trends Analysis Report by End-user, Geography, and Segment Forecasts, 2021 - 2025

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NEW YORK, May 6, 2022 /PRNewswire/ -- The Blockchain Technology Market value is set to grow by USD 6.25 billion, progressing at a CAGR of 32.39% from 2020 to 2025, as per the latest report by Technavio. The market is segmented by end-user (BFSI, government, healthcare, and others) and geography (North America, Europe, APAC, South America, and MEA).

Moreover, the increase in fintech spending is notably driving the blockchain technology market growth. The blockchain technology market report also offers information on several market vendors, including Accenture Plc, Amazon.com Inc., Huawei Investment & Holding Co. Ltd., Infosys Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, and Tata Consultancy Services Ltd. among others.

Download Sample of this Blockchain Technology Market report for more insights to make the most of future growth opportunities

Market Segmentation

The blockchain technology market share growth by the BFSI segment will be significant during the forecast period. In the BFSI sector, blockchain is being effectively used to reduce fraud, execute smart contracts, process payments, and in know-your-customer (KYC) due diligence.

43% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for blockchain technology in North America. Market growth in this region will be faster than the growth of the market in regions. The BT market in North America is expected to grow due to the increasing adoption of this solution by governments. In North America, the governments of a few states are organizing trials to use BT in the elections for voting. This will facilitate the blockchain technology market growth in North America over the forecast period.

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Market Dynamics: Driver

One of the key factors driving growth in the blockchain technology market is the increase in FinTech spending. FinTech is a service provided by companies and is based on software. Over the years, the purview of FinTech has extended to include new and innovative front-end consumer products. Many FinTech start-up companies provide solutions, which are operable through smartphones or tablets, directly to the customers through licensing or by means of white label services. The global investment in the FinTech sector has increased tremendously by about 200% in a year's time. FinTech spending is directly correlated with BT spending as the FinTech companies are developing advanced payment solutions for financial firms. In the financial services sector, trading cryptocurrency will require BT to manage the distributed and decentralized ledgers. Accordingly, financial services firms have to build their ICT infrastructure to manage the high-volume transactions of cryptocurrencies such as bitcoin.

Download sample Report for insights on the drivers, trends, and challenges that will help companies evaluate and develop growth strategies for 2021-2025

Company Profiles

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

The blockchain technology market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

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RegTech Market by End-user and Geography - Forecast and Analysis 2022-2026: The RegTech market share is expected to reach an estimated USD 11.68 billion by 2026 at an accelerating CAGR of 20.42%. To get more exclusive research insights: Download Our Sample Report

Blockchain Technology in Energy Market by End-user and Geography - Forecast and Analysis 2022-2026: The blockchain technology in energy market share is expected to increase by USD 919.5 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 66.37%. To get more exclusive research insights: Download Our Sample Report

Blockchain Technology Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 32.39%

Market growth 2021-2025

$ 6.25 billion

Market structure

Fragmented

YoY growth (%)

19.00

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 43%

Key consumer countries

US, China, UK, Canada, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Accenture Plc, Amazon.com Inc., Huawei Investment & Holding Co. Ltd., Infosys Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, and Tata Consultancy Services Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1. Executive Summary

2. Market Landscape

2.1 Market ecosystem

Exhibit 01: Parent market

2.2 Market Characteristics

Exhibit 02: Market Characteristics

2.3 Value chain analysis

Exhibit 03: IT Spending

2.3.1 Inputs

2.3.2 Software development

2.3.3 Marketing and distribution

2.3.4 Post-selling services

2.3.5 Innovation

3. Market Sizing

3.1 Market definition

Exhibit 04: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 05: Market segments

3.3 Market size 2020

3.4 Market outlook: Forecast for 2020 - 2025

Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)

Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4. Five Forces Analysis

4.1 Five Forces Summary

Exhibit 08: Five forces analysis 2020 & 2025

4.2 Bargaining power of buyers

4.3 Bargaining power of suppliers

4.4 Threat of new entrants

4.5 Threat of substitutes

4.6 Threat of rivalry

4.7 Market condition

Market condition - Five forces 2020

5. Market Segmentation by End-user

The segments covered in this chapter are:

5.1 Market segments

Exhibit 15: End-user - Market share 2020-2025 (%)

5.2 Comparison by End-user

Exhibit 16: Comparison by End-user

5.3 BFSI - Market size and forecast 2020-2025

Exhibit 17: BFSI - Market size and forecast 2020-2025 ($ million)

Exhibit 18: BFSI - Year-over-year growth 2020-2025 (%)

5.4 Government - Market size and forecast 2020-2025

Exhibit 19: Government - Market size and forecast 2020-2025 ($ million)

Exhibit 20: Government - Year-over-year growth 2020-2025 (%)

5.5 Healthcare - Market size and forecast 2020-2025

Exhibit 21: Healthcare - Market size and forecast 2020-2025 ($ million)

Exhibit 22: Healthcare - Year-over-year growth 2020-2025 (%)

5.6 Others - Market size and forecast 2020-2025

Exhibit 23: Others - Market size and forecast 2020-2025 ($ million)

Exhibit 24: Others - Year-over-year growth 2020-2025 (%)

5.7 Market opportunity by End-user

Exhibit 25: Market opportunity by End-user

6. Customer landscape

Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

Exhibit 26: Customer landscape

7. Geographic Landscape

The regions covered in the report are:

7.1 Geographic segmentation

Exhibit 27: Market share by geography 2020-2025 (%)

7.2 Geographic comparison

Exhibit 28: Geographic comparison

7.3 North America - Market size and forecast 2020-2025

Exhibit 29: North America - Market size and forecast 2020-2025 ($ million)

Exhibit 30: North America - Year-over-year growth 2020-2025 (%)

7.4 Europe - Market size and forecast 2020-2025

Exhibit 31: Europe - Market size and forecast 2020-2025 ($ million)

Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)

7.5 APAC - Market size and forecast 2020-2025

Exhibit 33: APAC - Market size and forecast 2020-2025 ($ million)

Exhibit 34: APAC - Year-over-year growth 2020-2025 (%)

7.6 South America - Market size and forecast 2020-2025

Exhibit 35: South America - Market size and forecast 2020-2025 ($ million)

Exhibit 36: South America - Year-over-year growth 2020-2025 (%)

7.7 MEA - Market size and forecast 2020-2025

Exhibit 37: MEA - Market size and forecast 2020-2025 ($ million)

Exhibit 38: MEA - Year-over-year growth 2020-2025 (%)

7.8 Key leading countries

Exhibit 39: Key leading countries

7.9 Market opportunity by geography

Exhibit 40: Market opportunity by geography ($ million)

8. Drivers, Challenges, and Trends

8.1 Market drivers

8.1.1 Increase in FinTech spending

8.1.2 Easier access to technology

8.1.3 Disintermediation of banking services

8.2 Market challenges

8.2.1 Network privacy and security concerns

8.2.2 Lack of technology awareness

8.2.3 System configuration concern

Exhibit 41: Impact of drivers and challenges

8.3 Market trends

8.3.1 Advent of artificial intelligence (AI)

8.3.2 Growth of quantum computing

8.3.2 Growth of quantum computing

9. Vendor Landscape

9.1 Competitive scenario

9.2 Vendor landscape

Blockchain Technology Market: 19.00% Y-O-Y Growth Rate in 2021 | Market Size, Share & Trends Analysis Report by End-user, Geography, and Segment Forecasts, 2021 - 2025

Exhibit 42: Vendor landscape

9.3 Landscape disruption

The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025.

Exhibit 43: Landscape disruption

9.4 Industry risks

Exhibit 44: Industry risks

10. Vendor Analysis

10.1 Vendors covered

Exhibit 45: Vendors covered

10.2 Market positioning of vendors

Exhibit 46: Market positioning of vendors

10.3 Accenture Plc

Exhibit 47: Accenture Plc - Overview

Exhibit 48: Accenture Plc - Business segments

Exhibit 49: Accenture Plc – Key news

Exhibit 50: Accenture Plc - Key offerings

Exhibit 51: Accenture Plc - Segment focus

10.4 Amazon.com Inc.

Exhibit 52: Amazon.com Inc. - Overview

Exhibit 53: Amazon.com Inc. - Business segments

exhibit 54: Amazon.com Inc.– Key news

Exhibit 55: Amazon.com Inc. - Key offerings

Exhibit 56: Amazon.com Inc. - Segment focus

10.5 Huawei Investment & Holding Co. Ltd.

Exhibit 57: Huawei Investment & Holding Co. Ltd. - Overview

Exhibit 58: Huawei Investment & Holding Co. Ltd. - Business segments

Exhibit 59: Huawei Investment & Holding Co. Ltd. - Key news

Exhibit 60: Huawei Investment & Holding Co. Ltd. - Key offerings

Exhibit 61: Huawei Investment & Holding Co. Ltd. - Segment focus

10.6 Infosys Ltd.

Exhibit 62: Infosys Ltd. - Overview

Exhibit 63: Infosys Ltd. - Business segments

Exhibit 64: Infosys Ltd. - Key news

Exhibit 65: Infosys Ltd. - Key offerings

Exhibit 66: Infosys Ltd. - Segment focus

10.7 Intel Corp.

Exhibit 67: Intel Corp. - Overview

Exhibit 68: Intel Corp. - Business segments

Exhibit 69: Intel Corp. - Key news

Exhibit 70: Intel Corp. - Key offerings

Exhibit 71: Intel Corp. - Segment focus

10.8 International Business Machines Corp.

Exhibit 72: International Business Machines Corp. - Overview

Exhibit 73: International Business Machines Corp. - Business segments

Exhibit 74: International Business Machines Corp. - Key news

Exhibit 75: International Business Machines Corp. - Key offerings

Exhibit 76: International Business Machines Corp. - Segment focus

10.9 Microsoft Corp.

Exhibit 77: Microsoft Corp. - Overview

Exhibit 78: Microsoft Corp. - Business segments

Exhibit 79: Microsoft Corp. - Key news

Exhibit 80: Microsoft Corp. - Key offerings

Exhibit 81: Microsoft Corp. - Segment focus

10.10 Oracle Corp.

Exhibit 82: Oracle Corp. - Overview

Exhibit 83: Oracle Corp. - Business segments

Exhibit 84: Oracle Corp. - Key news

Exhibit 85: Oracle Corp. - Key offerings

Exhibit 86: Oracle Corp. - Segment focus

10.11 SAP SE

Exhibit 87: SAP SE - Overview

Exhibit 88: SAP SE - Business segments

Exhibit 89: SAP SE - Key offerings

10.12 Tata Consultancy Services Ltd.

Exhibit 90: Tata Consultancy Services Ltd. - Overview

Exhibit 91: Tata Consultancy Services Ltd. - Business segments

Exhibit 92: Tata Consultancy Services Ltd. - Key news

Exhibit 93: Tata Consultancy Services Ltd. - Key offerings

Exhibit 94: Tata Consultancy Services Ltd. - Segment focus

11. Appendix

11.1 Scope of the report

11.1.1 Market definition

11.1.2 Objectives

11.1.3 Notes and caveats

11.2 Currency conversion rates for US$

Exhibit 95: Currency conversion rates for US$

11.3 Research Methodology

Exhibit 96: Research Methodology

Exhibit 97: Validation techniques employed for market sizing

Exhibit 98: Information sources

11.4 List of abbreviations

Exhibit 99: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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