Blockchain Market Outlook
Blockchain Market size was valued at USD ~10.4 billion in 2025 and is projected to reach USD 163.24 billion by the end of 2035, rising at a CAGR of 31.66% during the forecast period, i.e., 2026-2035. In 2026, the industry size of blockchain is estimated at USD 13.7 billion.
The market is witnessing a constant expansion due to a surge in integration across the private and public sectors to acknowledge the persistent issues of data integrity and transaction efficiency. There has been an increase in worldwide attention for decentralized and secure systems. In pursuit of this, cryptocurrencies are becoming popular, and blockchain is the foundational technology behind them. The surge in interest in digital transformation has further propelled the market growth during the forecasted period.
The research and development in blockchain have also grown significantly, as authorities are recognizing the transformative potential of decentralized technologies. The prominent focus of the research and development is on upgrading the foundational elements, such as security protocols and consensus algorithms. The limitations of the early blockchain systems have propelled a wave of innovation and further expanded the use cases. The European Union and the National Institute of Standards and Technology are doing exhaustive studies to enhance cybersecurity protections.
Blockchain Market - Drivers and Challenges
Growth Drivers
- Regulatory advancements and government initiatives: Government bodies are harnessing the potential of the blockchain and making a regulatory framework to increase its growth while ensuring its responsible usage. For instance, the Emirates Blockchain Strategy in 2021 endeavors to capitalize on blockchain technology to transform more than 51% of the government transactions through a blockchain platform. Such initiatives are validating the usability of blockchain technology and boosting the deployment and investment. Other countries, such as Switzerland and Estonia, have also introduced supportive policies for blockchain technology and plan to incorporate it in tax collection and public administration.
- Integration of blockchain with emerging technologies: As the adoption of advanced technologies, such as AI, is burgeoning, the demand for tamper-proof data has also become pivotal. AI systems are dependent upon humongous data sets for automation and training, and AI ensures provenance tracking. For instance, in September 2024, the Department of Energy announced USD 68 million in funding for AI to help scientific research. The integration of AI makes a complex ecosystem to manage; however, the amalgamation of blockchain secures the tools and strengthens the process.
- Rising need for cybersecurity and data integrity requirements: With the mushrooming digital ecosystem, there has been an increasing concern about identity theft and the manipulation of data. Conventional databases are becoming susceptible to breaches and system failures. The incorporation of blockchain helps in mitigating the challenges through consensus validation and decentralized storage of the data. Blockchain has the capability that once the data is written to a blockchain, it cannot be further changed or removed without consensus. It adds a crucial layer of protection for sensitive data, especially in legal services and healthcare. Snack Health in Kenya and Medicoonect in Uganda have illustrated the capability of the blockchain to enhance the delivery of healthcare and lower the cases of fraud.
Challenges
- Fragmented regulatory landscapes and cross-border conflicts: The cross-border nature of the blockchain does not align with the country-specific regulations. The World Trade Organization showcases that, lacking any coordinated regulatory policies, blockchain is used in international trade faces hurdles in transparency and crime prevention. Manufacturers are tailoring solutions as per the country’s jurisdiction to lower the compliance costs.
- High upfront investment and economies of scale: The deployment of the blockchain needs significant investment in developing adequate infrastructure and a proficient workforce. The adopted solutions tend to focus on the high-value customers owing to the higher ROI, making them less accessible for various businesses operating on a smaller level. These small suppliers are now finding the adoption of blockchain economically infeasible without any collective initiatives.
Blockchain Market Size and Forecast:
| Report Attribute | Details |
|---|---|
|
Base Year |
2028 |
|
Forecast Year |
2026-2035 |
|
CAGR |
31.66% |
|
Base Year Market Size (2025) |
USD 10.4 billion |
|
Forecast Year Market Size (2035) |
USD 163.24 billion |
|
Regional Scope |
|
Blockchain Market Segmentation:
Application Segment Analysis
The payment segment is anticipated to garner 28.3% of the market share by 2035. The growth of the market can be attributed to the capability for faster cross-border remittances and lower transaction fees. Prominent blockchain platforms such as Stellar have shown the viability of the fund transfers internationally and have eradicated the requirement for intermediaries. Other than this, Project Cedar in the U.S., conducted by the Federal Research Bank, has examined the usage of digital dollars for cross-border settlements, achieving the completion of the transaction under ten seconds. These developments illustrate that blockchain is a viable solution for currencies in the future.
Component Segment Analysis
The platforms and solutions segment is projected to garner 41.3% of the market share by 2035, owing to the wide possibilities to scale enterprise blockchain that can handle intricate workflows and large transaction volumes. The National Institute of Standards and Technology corroborates that blockchain platforms render a foundation for immutable transactions, prominently eliminating the risk of fraud. These platforms are helpful in securely automating the cumbersome processes, such as energy trading and patient record sharing. The cross-industry applicability is bolstering the widespread deployment of various enterprise blockchain platforms and strengthening their position as a significant force in the market.
Type Segment Analysis
The public blockchain segment is anticipated to gather 37.1% of the market share by 2035, owing to burgeoning demand for finance and voting. The Organization for Economic Co-operation and Development has confirmed that public blockchain is an efficacious tool for enhancing governance, especially in land registration and welfare distribution. Blockchain-associated applications are strengthening trust between the government bodies and citizens. Public organizations have shown interest in blockchains and consider significant potential for electoral systems. For instance, Estonia uses an e-government platform to leverage the KSI blockchain to upgrade the security of the crucial datasets in various sectors such as health and taxation.
Our in-depth analysis of the blockchain market includes the following segments:
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Segment |
Subsegments |
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Application |
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Component |
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Type |
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Service |
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Industry Vertical |
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Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Blockchain Market - Regional Analysis
North America Market Insights
The North America market is projected to garner 35.4% of the market share by 2035. The growth of the market in the region can be attributed to the rising favorable state-level policies. In the U.S., a 2022 study conducted by the Federal Reserve Bank of St. Louis stated that more than 4.3% of households in the country owned cryptocurrency. Additionally, various private enterprises in the country are adopting Blockchain-as-a-Service platforms to incorporate safe hybrid cloud deployment. Additionally, the integration of decentralized finance, or DeFi, offers robust staking and lending options.
The market in Canada is witnessing an aggressive digital transformation across banking and insurance. These factors are resulting in the increased demand for blockchain as an underlying technology. Also, the increased inclusion of blockchain with IoT and AI is unleashing new governmental uses in the country. The vibrant ecosystem of the country for startups is supported by government policies. The highly globalized population of the country creates a significant demand for affordable and faster cross-border payments. Prominent Fintech companies such as Newton are capitalizing on blockchain for crypto-based transfers, mainly for remittances.
Asia Pacific Market Insights
The Asia Pacific region is surpassing the global blockchain growth benchmarks across gaming, finance, etc. The growth of the market in the region can be attributed to the rising usage of blockchain in the gaming and healthcare industries. In China, the expansion of the blockchain is underpinned by large-scale investments in research and development. Various top-tier cities in the country are proactively making urban blockchain infrastructure, endeavoring to speed up the technological deployment across various economic sectors in the coming years. According to the Atlantic Council Digital yuan is the largest CBDC pilot in the world, and in 2024, the total volume of transactions reached USD 983 billion.
In India, the Ministry of Electronics and Information Technology launched the National Blockchain Technology Stack, Vishvasya, which facilitates trust by developing new types of distributed architecture for software. It is a Block as a Service model, which renders security assurance to many components of the blockchain. Such initiatives are highlighting the commitment of the government to blockchain development. Also, the flourishing digital payment ecosystem, pioneered by UPI and is widespread. The country has tech-savvy demographics and rising enthusiasm for making investments in cryptocurrency. These factors are fueling the market growth during the forecasted period.
Europe Market Insights
The growth of the Blockchain market in Europe is set to witness a significant share, fueled by CBDC momentum and an increase in initiatives from the government. In the UK, according to the data published by the Financial Conduct Authority in 2024, more than 12.2% of adults are owners of cryptocurrency. Also, the government-led digital strategy plan, such as the Financial Conduct Authority, is actively transforming crypto assets and tokenized securities. Other initiatives, such as the Cryptoasset Financial Promotions Regime in 2023, create a safer ambience for consumer adoption.
Additionally, according to Germany Trade and Invest in 2024, the number of companies using or planning to use blockchain rose to 7.1% in 2024 in comparison to the previous year. These factors are catalyzing the market growth during the forecasted period. Moreover, Prominent companies are tapping into the potential of blockchain to manage complicated operations amidst Industry 4.0. The country has crafted an innovation-friendly environment for blockchain adoption and legalizing digital securities. Also, in 2024, DZ Bank launched its blockchain-based crypto custody platforms to serve institutional clients. Market players are using blockchain for deep industrial and logistics cases and financial sector integration.
Key Blockchain Market Key Players:
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
The competitive landscape of the blockchain market is rapidly evolving as established key players, IT giants, and new entrants are investing in novel technologies. Key players in the market are focused on developing new technologies and services that cater to the stringent regulatory norms and consumer demand. These key players are adopting several strategies, such as mergers and acquisitions, joint ventures, partnerships, and novel product launches, to enhance their product base and strengthen their market position.
|
Company |
Country |
Estimated Market Share (%) |
|
R3 (Corda) |
USA |
30 |
|
IBM |
USA |
18.1 |
|
Microsoft |
USA |
18.9 |
|
Amazon Web Services (AWS) |
USA |
17 |
|
Oracle |
USA |
16.9 |
|
ConsenSys |
USA |
xx |
|
SAP SE |
Germany |
xx |
|
Infosys |
India |
xx |
|
Wipro |
India |
xx |
|
Tata Consultancy Services (TCS) |
India |
xx |
|
NTT Data |
Japan |
xx |
|
Guardtime |
Estonia (Europe) |
xx |
|
Blockstream / Blockchain Foundry |
USA |
xx |
|
Ripple Labs |
USA |
xx |
|
Bitfury |
Netherlands (Europe) |
xx |
Below are the areas covered for each company in the blockchain market:
Recent Developments
- In July 2025, Qubetics launched its RWA tokenization marketplace with over 27,500 token holders, raising over USD 17.7 million through its presale. By the 37th presale stage, tokens were priced at USD 0.337, indicating substantial investor adoption and anticipation.
- In August 2024, Telecom Regulatory Authority of India (TRAI) mandated telcos to migrate 140-character SMS headers to a blockchain-based DLT platform by September 30, 2024, with traceability required for all messages starting November 1, 2024. The rollout aims to significantly curb spam and misuse in messaging.
- Report ID: 596
- Published Date: Sep 09, 2025
- Report Format: PDF, PPT
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