Dublin, December 4, 2024 (GLOBE NEWSWIRE) — The “Blockchain Distributed Ledger Market Opportunities and Strategies to 2033” report has been added to ResearchAndMarkets.com offer.
The global blockchain distributed ledger market has reached a value of nearly $17.12 billion in 2023, after experiencing a compound annual growth rate (CAGR) of 76.7% since 2018. The market is expected to grow from 17 .12 billion dollars in 2023 to 149.72 billion dollars in 2028. a rate of 54.3%. The market is then expected to grow at a CAGR of 44% from 2028 and reach $925.84 billion in 2033.
This report describes and explains the blockchain distributed ledger market and covers 2018-2023, referred to as historical period, and 2023-2028, 2033F, referred to as forecast period. The report evaluates the market in each region and for the major economies of each region.
The growth during the historical period is a result of rising data security concerns, growth in the retail sector, increased demand for transparency in transactions and data sharing, increased adoption in supply chain management and increased investment in digital transformation. Factors that have negatively affected growth over the historical period include the initial cost of deploying blockchain solutions.
The blockchain distributed ledger market is segmented by type into private blockchain, public blockchain, and other types. The public blockchain market was the largest segment of the blockchain distributed ledger market segmented by type, accounting for 56.7% or $9.7 billion of the total in 2023. In the future, the other types segment is expected to to be the fastest growing segment in the distributed blockchain segment. Ledger market segmented by type, growing at a CAGR of 62.3% during 2023-2028.
The blockchain distributed ledger market is segmented by application into payments, smart contracts, supply chain management, compliance management, trade finance, and other applications. The supply chain management market was the largest segment of the blockchain distributed ledger market segmented by application, accounting for 26.7% or $4.56 billion of the total in 2023. Looking ahead, the Smart contracts segment is expected to be the fastest growing segment of blockchain. Distributed Ledger Market segmented by Application, at a CAGR of 59.4% during 2023-2028.
The blockchain distributed ledger market is segmented by end-use sector into BFSI, government & public sector, manufacturing, retail & e-commerce, transportation & logistics, healthcare and other end-use sectors. The BFSI market was the largest segment of the blockchain distributed ledger market segmented by end-use sector, accounting for 34.2% or $5.85 billion of the total in 2023. Looking ahead, the healthcare segment expected to be the fastest growing segment of blockchain. Distributed Ledger Market segmented by end-use sector, at a CAGR of 65.8% during 2023-2028.
The blockchain distributed ledger market is segmented by component into solutions and services. The solutions market was the largest segment of the blockchain distributed ledger market, segmented by component, accounting for 64% or $10.96 billion of the total in 2023. Going forward, the solutions segment is expected to be the segment to the fastest growing blockchain distributed ledger market. segmented by component, at a CAGR of 56.1% during 2023-2028.
North America was the largest region in the blockchain distributed ledger market, accounting for 39.8% or $6.81 billion of the total in 2023. It was followed by Asia Pacific, Western Europe, then the other regions. In the future, the fastest growing regions in the blockchain distributed ledger market will be Western Europe and South America, where the growth will be 62.4% and 59.4%, respectively. This is followed by the Middle East and Eastern Europe, where markets are expected to grow by 59.1% and 56.7% respectively.
The global blockchain distributed ledger market is highly fragmented, with a large number of small players operating in the market. The top ten competitors in the market accounted for 4.16% of the total market in 2023. NTT DATA Corporation was the largest competitor with a market share of 0.56%, followed by International Business Machines Corporation with 0.54%, Microsoft Corp . with 0.51%. %, SAP SE with 0.51%, Capgemini SE with 0.50%, Oracle Corporation with 0.46%, Hewlett Packard Enterprise (HPE) Co with 0.34%, Intel Corporation with 0.27%, Amazon.com Inc. with 0.26% and Accenture plc with 0.20%.
The major opportunities in the blockchain distributed ledger market, segmented by type, will arise in the public blockchain segment, which will generate $63.48 billion in global annual sales by 2028. The major opportunities in the blockchain distributed ledger market blockchain distributed ledger, segmented by application, will present themselves in the supply chain. management segment, which will generate $39.3 billion in global annual sales by 2028. The major opportunities in the blockchain distributed ledger market segmented by end-use sector will arise in the BFSI segment, which will gain 43, $83 billion in global annual sales by 2028. The major opportunities in the blockchain distributed ledger market segmented by component will arise in the solutions segment, which will generate $90.57 billion in global annual sales by 2028. Blockchain distributed ledger market size will gain the most in the United States at $47.69 billion.
Market trend-based strategies for blockchain distributed ledger market include focus on improving business operations through advanced blockchain platforms for improved business efficiency, introduction of comprehensive solutions for effective management of digital assets and currencies, strategic partnerships and acquisitions between key players to improve the product. offerings and investments in blockchain-based fund administration platforms improving profitability and automation.
Strategies adopted by players in the blockchain distributed ledger market include focus on business expansion through development of new projects, strategic partnerships to better serve the industry and to strengthen the market position and strengthening operational capabilities through the launch of new products.
To take advantage of the opportunities, the analyst recommends blockchain distributed ledger companies to focus on improving business efficiency with advanced blockchain platforms, focus on providing comprehensive digital asset management solutions , to focus on blockchain-based fund administration platforms, to focus on public blockchain technologies, to focus on smart contracts in supply chain management, to focus on the segment solutions for market growth, focus on expanding distribution channels through strategic partnerships, expanding into emerging markets, continuing to focus on developed markets, providing competitively priced offerings, participating in trade shows and events, continuing to use promotions B2B and focus on BFSI Segment for targeting end users.
Key attributes:
| Report attribute | Details |
| Number of pages | 340 |
| Forecast period | 2023 – 2033 |
| Estimated market value (USD) in 2023 | $17.12 billion |
| Projected market value (USD) by 2033 | $925.84 billion |
| Compound annual growth rate | 49.0% |
| Regions covered | Global |
Main market trends
- Improve business operations with advanced blockchain platforms for improved business efficiency
- Introduction of comprehensive solutions for efficient digital asset and currency management
- Strategic partnerships and acquisitions between major players to improve product offerings
- Investments in blockchain-based fund administration platforms improving profitability and automation
Competitive landscape and company profiles
- NTT Data Company
- International Corporation for Office Machinery (IBM)
- Microsoft Company
- SAP SE
- Capgemini SE
Main mergers and acquisitions
- Fund acquired by the Deutsche BorseDLT group
- Securities acquired by Depository Trust & Clearing Corporation
- Apex Group acquired majority stake in fund administration chain
Featured Companies
- NTT Data Company
- International Office Machinery Society
- Microsoft Corp.
- SAP SE
- Capgemini SE
- Oracle Company
- Hewlett Packard Enterprise (HPE) Co.
- Intel Company
- Amazon.com Inc.
- Accenture SA
- Australian Securities Exchange Ltd
- NDL
- HSBC
- HashCash Consultants
- Labrys
- Group of ants
- NPCI
- Tencent
- LedgerEdge, Inc.
- SoluLab
- ELEKS
- ScienceSoft
- Deutsche Borse AG
- Beginnings in information technology
- LINK4
- Sberbank Rossii PAO
- SatoshiLabs Group
- Lukka Data Solutions
- teammate like
- Peas
- Golem Network
- Maintain
- Bitfury
- Chain Link Laboratories
- PJSC Sberbank
- Bernard Marr & Cie
- Depository and Clearing Company (DTCC)
- WonderFi
- DMG Blockchain Solutions
- Central Bank of Brazil
- Brazilian Development Bank (BNDES)
- Rootstock (RSK)
- Koibanx
- OriginalMy
- Ripio
- Novobanco
- Peer payment
- Keynoua
- Walk in the Extrimian Clouds
- LACChane
- Nobitex
- Guaranteed BBVA
- Rain Infotechnology
- Regionatak
- Qredo Laboratories
- Colu Technologies LTD.
- STC (Saudi Telecommunications Company)
- ConsenSys MENA
- Bitci Technologies
- TURK Elektronik Para AS
- Emirates Integrated Telecommunications Company PJSC
- Sphinx Solutions
- Interswitch
- Luna
- Bankymoon Company
- BTC Africa SA
- BanQu’s
- Sun Exchange
- KuBitX
- Kora
- Pesabase
- Flutter Wave
- TymeBank
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Blockchain Distributed Ledger Market
