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Home»Blockchain»Blockchain Security Market to be Worth $37.4 Billion by 2029 – Exclusive Report by MarketsandMarkets™
Blockchain

Blockchain Security Market to be Worth $37.4 Billion by 2029 – Exclusive Report by MarketsandMarkets™

September 7, 2024No Comments
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450 – Tables
250 – Numbers
320 – Pages

Download the PDF brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=197708696

Scope of the report

Report indicators

Details

Market size available for years

2021–2029

Base year considered

2023

Forecast period

2024–2029

Forecast units

Value (in billions USD)

Segments covered

Solution, service, deployment mode, organization size, vertical and region

Geographies covered

North America, Europe, Asia Pacific, Middle East and Africa, Latin America

Companies covered

The major vendors in the global blockchain security market are IBM (US), Amazon Web Services, Inc. (AWS) (US), Thales (France), Oracle (US), Infosys Limited (India), Infineon Technologies (Germany), Kudelski Security (Switzerland), ScienceSoft (US), Kaspersky Lab (Switzerland), Aujas Cybersecurity (US), Chainalysis (US), CertiK (US), Consensys (US), Bitfury Group Limited (Netherlands), LeewayHertz (India), Fortanix (US), Utimaco (Germany), Hacken (Estonia), Bit Sentinel (Romania), Astra IT, Inc (India), Kaleido, Inc (US), Microminder Cybersecurity (UK), Arridae Infosec (India), OVHcloud (France), and CryptoSec ​​(US).

The blockchain security market is growing rapidly due to the integration of emerging technologies such as AI and IoT, which improve threat detection and data security. The growing demand for third-party security audits helps organizations identify vulnerabilities and build trust. Additionally, blockchain applications are growing in various industries, such as healthcare and supply chain management, which requires robust security measures. The increasing use of smart contracts is also driving the need for advanced security solutions to prevent unauthorized access and exploitation.

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Based on services, consulting and technology consulting will account for the largest market size during the forecast period.

Segmenting the blockchain security market by services, technology, consulting, and advisory services are acquiring the largest market size for several compelling reasons. This dominance is driven by the growing need for expert guidance to navigate the complexities of blockchain technology and ensure robust security measures. As organizations adopt blockchain for various applications, they are looking for specialized services to assess risks, design secure infrastructures, and implement compliance strategies. The demand for consulting and advisory services is further fueled by the rapid evolution of blockchain technology and its integration with other emerging technologies, which requires continuous expertise and updated security frameworks.

By vertical, retail and e-commerce account for the highest CAGR during the forecast period.

The retail and e-commerce sector is witnessing the highest CAGR in the blockchain security market, and there are many factors contributing to this. This growth is mainly due to the increasing adoption of blockchain technology to improve transaction security, prevent fraudand improve supply chain transparency. Retail and e-commerce companies are leveraging blockchain to secure payment processing, data privacy, and protection against cyber threats. As these industries continue to expand their digital operations and customer interactions, the demand for robust blockchain-based security solutions is expected to increase significantly, driving a higher CAGR than other verticals.

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By region, North America represents the largest market size.

It is estimated that North America holds the largest market size in the blockchain security market; the reason is attributed to the early adoption of blockchain technology in various industries in the region, particularly in sectors such as finance, healthcare, and retail. The presence of large technology companies and a strong regulatory framework supporting blockchain innovation further strengthen North America Additionally, the increasing number of cybersecurity threats and growing focus on securing blockchain applications are driving the demand for advanced blockchain security solutions in the region, making it the largest market during the forecast period.

Top Key Companies in Blockchain Security Market:

IBM (United States), Amazon Web Services, Inc. (AWS) (United States)), Thales (France), Oracle (USA), Infosys Limited (India), Infineon Technologies (Germany), Kudelski Security (Swiss), ScienceSoft (USA), Kaspersky Lab (Swiss), Aujas Cybersecurity (USA), Chainalysis (USA), CertiK (USA), Consensys (USA), Bitfury Group Limited (The Netherlands), LeewayHertz (India), Fortanix (USA), Utimaco (Germany), Hacken (Estonia), Bit Sentinel (Romania), Astra IT, Inc (India), Kaleido, Inc (USA), Microminder Cybersecurity (UK), Arridae Infosec (India), OVHcloud (France) and CryptoSec ​​(US) are the major players and other players in the Blockchain security market.

Browse the adjacent market: Information Security Market Research Reports and advice

Browse other reports:

IoT Security Market – Global forecast to 2029

Zero Trust Security Market– Global forecast to 2029

Identity and Access Management Market– Global forecast to 2029

Identity Verification Market– Global forecast to 2028

Phishing Protection Market– Global forecast to 2028

Access the latest updates on Blockchain security companies and the Blockchain security industry

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of the America’s Best Management Consulting Firms According to Forbesaccording to their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a human-machine offering to drive supernatural growth for progressive organizations in the B2B space. We have the broadest vision on emerging technologies, which allows us to master the co-creation of supernatural growth for clients.

Earlier this year, we officially transformed ourselves into one of America’s top management consulting firms, according to a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion new revenue streams that are replacing existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize these $25 trillion opportunity across our service lines – TAM Expansion, Go-to-Market (GTM) Strategy through Execution, Market Share Gain, Account Activation and Thought Leadership Marketing.

Founded on the principle of “GIVE Growth,” we work with several Forbes Global 2000 B2B companies, helping them stay relevant in a changing ecosystem. Our insights and strategies are shaped by our industry experts, our cutting-edge AI-powered Market Intelligence Cloud, and years of research. KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates the analysis of interconnections through a set of applications, helping clients examine the entire ecosystem and understand the revenue shifts happening in their industry.

To learn more, visit www.MarketsandMarkets™.com or follow us on TwitterLinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
Markets and Markets™ INC.
1615 South Congress Avenue.
Suite 103, Delray Beach, Florida 33445
USA: +1-888-600-6441
E-mail: (protected email)
Visit our website: https://www.marketsandmarkets.com/

Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg

SOURCE Markets and Markets





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