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Global Blockchain Market By Type (Private, Public, Others), By Component (Platform, Services, Others), By Organization Size (SMEs, Large Enterprises, Others), By Application (Insurance, Others), By Region, Forecast & Opportunities to 2026

The global blockchain market accounted for a value of USD 1.9 billion in 2019 and is projected to register growth at a CAGR of 55.5% during forecast period.

COVID-19 has impacted the blockchain market but not significantly. The blockchain helps in surveillance of public health data, donation tracking, crisis management and securing medical supply chains etc. The spending on this technology is decreasing. Although governments across various regions along with corporate organizations are focusing on deplaoying innovative solutions in order to improve consumer experience due to pandemic.

Definition:

Blockchain can be defined as a growing list of records known as blocks that are linked using cryptography and each block contains a cryptographic hash of the previous block and transaction data. It is resistant to modification of its data because once recorded the data in any block can’t be altered with altering all subsequent blocks.

Market Dynamics (Drivers/Opportunities):

The blockchain technology is considered as most promising upcoming technologies in information technology domain. The requirement for simplifying the business processes is rapdly increasing and the need for supply chain management applications integrated with blockchain technology is increasing around world. This boosts the growth of blockchain market during forecast period.

The investments from financial sector in blockchian technology are rapidly increasing around the world. The requirement for bitcoin transactions and cryptocurrencies including ripple, litecoin and mintchip is increasing in the blockchain technology. The banking and financial services are widely focusing on this technology. This drives growth in blockchain market during forecast period.

Market Insights, by Type

On the basis type, the blockchain market is segmented into private, public and hybrid. The private segment is estimated to dominate the market during forecast period. The private blockchian is shared ledger that is secured by traditional techniques of security. The private blockchain has access to security using private keys that are known only to the related organization. The private blockchain is a category of blockchain technology in which the write permissions are kept centralized to a single organization. This technology provides various opportunities to businesses and the adoption of this technology is rapidly increasing. Thus, drives growth in private blockchain segment during forecast period.

Market Insights, by Organization Size

On the basis organization size, the blockchain market is segmented into small & medium enterprises (SMEs) and large enterprises. The SMEs segment is estimated to register growth at highest CAGR during forecast period. The requirement for streamlining the businesses process cost effectively is increasing in SMEs. The adoption rate of blockchain is technology is high among SMEs and it is likely to increase during forecast period.

Market Insights, by Application

On the basis application, the blockchain market is segmented into transportation & logistics, agriculture & food, manufacturing, energy & utilities, healthcare & life sciences, media, advertising & entertainment, banking & financial services, insurance, IT & telecom, retail & eCommerce, government and others. The banking & financial services segment is estimated to hold largest market share during forecast period. The banking & financial services applications adopt blockchain technology to secure transactions for customers. This technology offers high compatibility with financial service and crypto currencies are increasing in this application. The adoption of blockchain technology is increasing rapidly in banking & financial services application and this drives growth in banking & financial services during forecast period.

Regional Insights

North America region is estimated to hold largest market share during forecast period. The organizations are adopting blockchain technology rapidly in this region. The emergence of blockchain providers is increasing in this region. The blockchain technology helps organizations develop their business. The blockchain technology is widely adopted by BFSI, automotive, energy & utilities, retail and IT & telecom etc. This drives growth in North America region in blockchain market during forecast period.

Key Companies & Market Share Insights

The key market players in blockchain market are IBM, AWS, Microsoft, SAP, Intel, Oracle, Huawei, Bitfury, Guard Time, Digital Asset Holdings, Chain, Blockcypher, Symbiont, Bigchaindb, Applied Blockchain, Recordskeeper and BTL Group.

Segments Covered in the Report

This report forecasts The Global Blockchain Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global blockchain market report on the basis of type, component, organization size and application.

Blockchain Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Blockchain Market, By Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Private
  • Public
  • Hybrid
  1. Blockchain Market, By Organization Size, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Small & Medium Enterprises (SMEs)
  • Large Enterprises
  1. Blockchain Market, By Component, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Platform
  • Services
  1. Blockchain Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Transportation & Logistics
  • Agriculture & Food
  • Manufacturing
  • Energy & Utilities
  • Healthcare & Life Sciences
  • Media
  • Advertising & Entertainment
  • Banking & Financial Services
  • Insurance
  • IT & Telecom
  • Retail & eCommerce
  • Government
  • Others
  1. Blockchain Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Type
    • By Organization Size
    • By Component
    • By Application
    • By Country
      • USA
        • By Application
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Type
      • By Organization Size
      • By Component
      • By Application
      • By Country
        • Brazil
          • By Application
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Type
        • By Organization Size
        • By Component
        • By Application
        • By Country
          • UK
            • By Application
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Type
          • By Organization Size
          • By Component
          • By Application
          • By Country
            • China
              • By Application
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Type
            • By Organization Size
            • By Component
            • By Application
            • By Country
              • Saudi Arabia
                • By Application
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • SAP
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • IBM
    • AWS
    • Microsoft
    • Intel
    • Oracle
    • Huawei
    • Bitfury
    • Guard Time
    • Digital Asset Holdings
    • Chain
    • Blockcypher
    • Symbiont
    • Bigchaindb
    • Applied Blockchain
    • Recordskeeper
    • BTL Group.
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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