The global blockchain market size is projected to grow from USD 32.99 billion in 2025 to USD 393.45 billion by 2030 at a compound annual growth rate (CAGR) of 64.2% during the forecast period.
Scope of the Report
Years Considered for the Study
2019-2030
Base Year
2024
Forecast Period
2025-2030
Units Considered
Value (USD Million/USD Billion)
Segments
By Offering, Provider, Type, Deployment Mode, Organization Size, and Region
Regions covered
North America, Europe, Asia Pacific, and Rest of the World
The demand for real-time insights and the expansion into emerging sectors are accelerating blockchain adoption beyond traditional domains. In manufacturing and logistics, blockchain-enabled IoT sensors facilitate real-time monitoring, predictive maintenance, and anomaly detection-boosting efficiency and reducing downtime in Industry 4.0 ecosystems. In parallel, blockchain is entering new verticals such as green energy trading, digital health, and sustainable IT. Indian IT firms are pioneering blockchain-based green credit initiatives, while organizations like SEWA have introduced blockchain-backed digital health passports, ensuring secure and verifiable health records for underserved populations.
"By offering, the platforms segment is projected to account for the largest market share during the forecast period."
The platforms segment dominates the market because it provides the essential foundation-scalable, secure, and flexible infrastructure-for businesses to build and deploy blockchain applications across industries. Leading providers such as IBM, Microsoft Azure, Amazon Managed Blockchain, Oracle, and SAP offer enterprise-grade, permissioned environments that handle encrypted ledgers, smart contracts, and multi-cloud deployments seamlessly. In 2025, Qila, an India-born BaaS platform, expanded to Europe by establishing its first hub in France and aiming for 30% of revenue from Western markets, highlighting global demand for turnkey blockchain solutions. Meanwhile, open-source frameworks like Hyperledger Fabric, backed by IBM and SAP, are being integrated into the Linux Foundation's Decentralized Trust project, illustrating ongoing investment in core platform development. As enterprises seek to streamline operations, maintain data privacy, and accelerate time to market, platform providers remain indispensable and are driving the largest market share in blockchain.
"By region, Europe is estimated to account for the second-largest regional share."
Europe is estimated to account for the second-largest blockchain market due to strong regulatory leadership, robust infrastructure development, and active public-private partnerships. The European Central Bank's digital euro initiative, involving over 70 private sector partners, is advancing toward a 2025 pilot launch, positioning Europe as a pioneer in central bank digital currency integration. Simultaneously, the EU Blockchain Regulatory Sandbox is supporting startups and financial institutions by easing compliance hurdles and enabling early testing of blockchain applications. Further strengthening its position, Stuttgart's BX Digital recently gained Swiss approval for a blockchain-based asset settlement platform. Additionally, leading financial firms like BNP Paribas, Deutsche Borse, and Goldman Sachs are co-developing blockchain infrastructure under the Canton Network consortium. These developments collectively drive Europe's substantial market presence.
Breakdown of primaries
The study contains insights from various industry experts, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
By Company Type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
By Designation: C-level - 40%, Managers & other Levels - 60%
By Region: North America - 38%, Europe - 26%, Asia Pacific - 21%, Middle East & Africa - 10%, Latin America - 5%
The key players in the blockchain market include AWS (US), IBM (US), Oracle (US), Huawei (China), Accenture (Ireland), OVHcloud (France), TCS (India), Google (US), Alibaba (China), Microsoft (US), SAP (Germany), HPE (US), Tencent (China), Wipro (India), Infosys (India), Lumen Technologies (US), and DigitalOcean (US).
The study includes an in-depth competitive analysis of the key players in the blockchain market, their company profiles, recent developments, and key market strategies.
Research Coverage
The report segments the blockchain market and forecasts its size by offering (platforms, services), provider (application providers, infrastructure providers, middleware providers), type (public, private, hybrid, consortium), organization size (large enterprises, SMEs), deployment mode (on-premises, cloud, hybrid), vertical (transportation & logistics, agriculture & food, manufacturing, energy & utilities, healthcare & life sciences, media, advertising, & entertainment, banking & financial services, insurance, IT & telecom, government, retail & eCommerce, real estate & construction, and other verticals), and region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).
The study also includes an in-depth competitive analysis of the market's key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report will help market leaders and new entrants with information on the closest approximations of the revenue numbers for the overall blockchain market and its subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (increasing venture capital funding and investments in blockchain technology, growing demand for secure and transparent transactions in retail, SCM, and banking applications, need for simplification, transparency, security, and immutability of processes, high adoption of blockchain solutions for payments, smart contracts, and digital identities, low operational costs offered), restraints (uncertain regulatory and compliance environment, high costs of implementing blockchain technology), opportunities (increasing government initiatives to boost demand for blockchain platforms and services, amalgamation of blockchain, IoT, and Al, rising demand for real-time data analysis, enhanced visibility, and proactive maintenance, potential of blockchain technology in novel industries), and challenges (security, privacy, and control of blockchain transactions, limited availability of technical skillsets to implement blockchain technology)
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and product & service launches in the blockchain market
Market Development: Comprehensive information about lucrative markets - the report analyzes the blockchain market across varied regions
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the blockchain market
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as AWS (US), IBM (US), Oracle (US), Huawei (China), Accenture (Ireland), OVHcloud (France), TCS (India), Google (US), Alibaba (China), Microsoft (US), SAP (Germany), HPE (US), Tencent (China), Wipro (India), Infosys (India), Lumen Technologies (US), DigitalOcean (US) in the blockchain market
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.4 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Breakup of primary profiles
2.1.2.2 Key industry insights
2.2 DATA TRIANGULATION
2.3 MARKET SIZE ESTIMATION
2.3.1 REVENUE ESTIMATES
2.4 MARKET FORECAST
2.5 RESEARCH ASSUMPTIONS
2.6 LIMITATIONS & RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BLOCKCHAIN MARKET
4.2 BLOCKCHAIN MARKET, BY OFFERING
4.3 BLOCKCHAIN MARKET, BY SERVICE
4.4 BLOCKCHAIN MARKET, BY PROVIDER
4.5 BLOCKCHAIN MARKET, BY TYPE
4.6 BLOCKCHAIN MARKET, BY DEPLOYMENT MODE
4.7 BLOCKCHAIN MARKET, BY ORGANIZATION SIZE
4.8 BLOCKCHAIN MARKET, BY KEY REGION AND VERTICAL
4.9 BLOCKCHAIN MARKET: INVESTMENT SCENARIO
5 MARKET OVERVIEW AND INDUSTRY TRENDS
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increase in venture capital funding and investments in blockchain technology
5.2.1.2 Growing demand for secure and transparent transactions in retail, SCM, and banking applications
5.2.1.3 Need for simplification, transparency, security, and immutability of processes
5.2.1.4 High adoption of blockchain solutions for payments, smart contracts, and digital identities
5.2.1.5 Low operational costs offered
5.2.2 RESTRAINTS
5.2.2.1 Uncertain regulatory and compliance environment
5.2.2.2 High cost of implementing blockchain technology
5.2.3 OPPORTUNITIES
5.2.3.1 Increase in government initiatives to boost demand for blockchain platforms and services
5.2.3.2 Integration of blockchain, IoT, and AI
5.2.3.3 Rise in demand for real-time data analysis, enhanced visibility, and proactive maintenance
5.2.3.4 Potential of blockchain technology in novel industries
5.2.3.4.1 Blockchain gaming
5.2.3.4.2 Seafood tracking
5.2.3.4.3 Trucking
5.2.4 CHALLENGES
5.2.4.1 Security, privacy, and control of blockchain transactions
5.2.4.2 Limited availability of technical skillsets to implement blockchain technology
5.3 CASE STUDY ANALYSIS
5.3.1 KEY CASE STUDIES
5.3.1.1 Smart Dubai Initiative used blockchain technology for smart transformation
5.3.1.2 Rockefeller Foundation established 'ID2020' with support from Accenture
5.3.1.3 Blockchain technology enabled retailers to manage their supply chain and inventory cost-effectively
5.3.1.4 Estonian government adopted blockchain technology for eSolutions
5.3.1.5 Blockchain helped businesses create framework of linked data records through immutable ledger
5.3.1.6 IBM partnered with Walmart (US) to track pork in China and mangoes in US to ensure food safety
5.3.1.7 Retailers implemented blockchain solutions to ensure customer identification documents are independently checked and verified
5.3.1.8 Warranteer Digital offered blockchain application for retailers to improve overall efficiency
5.3.1.9 IBM collaborated with Maersk to develop global trade digitalization platform
5.3.2 OTHER CASE STUDIES
5.3.2.1 IBM Blockchain helped Home Depot streamline supply chain