Precision Business Insights has published a report on the global blockchain market, estimating its value at USD 9,725 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 42.1% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/blockchain-market
The Blockchain Market refers to the sector centered on blockchain technology, which is a decentralized digital ledger used to securely record transactions over a network of computers. Blockchain guarantees transparency, immutability, and security, making it attractive for several applications other than cryptocurrencies, including banking, supply chain management, healthcare, and smart contracts.
Drivers:
- Growth in Supply Chain Optimization – Companies use blockchain to track and verify product origins, improving efficiency and reducing fraud in supply chains.
- Rising Interest in Cryptocurrencies & Digital Assets – The popularity of digital currencies like Bitcoin and Ethereum continues to drive blockchain adoption.
The global blockchain market segmentation:
1) By Component: Platform/Solution, Blockchain as a Service
2) By Blockchain Type: Public, Private, Hybrid
3) By Provider: Application & Solution, Infrastructure & Protocols, Middleware
4) By End User Industry: Agriculture and Food, Retail and Ecommerce, Energy and Utilities, Healthcare and Life Science, Insurance, IT and Telecom, Manufacturing, Media, Advertising and Entertainment, Banking and Financial Services, Transportation and Logistics Others
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Regional Overview:
The report also examines the current concerns and their Future Effects on the blockchain market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the blockchain market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like BTL Group Ltd., Monax, Circle Internet Financial Limited, Linux Foundation, IBM Corporation, Global Arena Holding, Inc. (GAHI), Digital Asset Holdings, LLC, Deloitte Touche Tohmatsu Limited, Paradigm Sports, Microsoft Corporation, Chain, Inc., Ripple.
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