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Home Blockchain

Blockchain Technologies Global Market: Industry Trends and Insights | Blockchain Technologies Global Market: Industry Trends and Insights.

December 11, 2024
in Blockchain, Cryptocurrencies, OpenPR, Web3
Reading Time: 6 mins read
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Blockchain Technologies Global Market Share

Blockchain Technologies Global Market Share

The Business Research Company recently released a comprehensive report on the Global Blockchain Technologies Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=2506&type=smp

According to The Business Research Company’s, The blockchain technologies market size has grown exponentially in recent years. It will grow from $17.21 billion in 2023 to $29.35 billion in 2024 at a compound annual growth rate (CAGR) of 70.6%. The growth in the historic period can be attributed to cryptocurrency adoption and transactions, supply chain transparency and traceability, smart contracts and automation, cross-border payments and remittances, digital identity and authentication.

The blockchain technologies market size is expected to see exponential growth in the next few years. It will grow to $161.14 billion in 2028 at a compound annual growth rate (CAGR) of 53.1%. The growth in the forecast period can be attributed to decentralized finance (defi) growth, non-fungible tokens (nfts) and digital assets, blockchain in healthcare for data security, environmental, social, and governance (esg) considerations, integration with internet of things (iot). Major trends in the forecast period include blockchain in supply chain, government and institutional adoption, layer 2 scaling solutions, cross-industry collaborations, tokenization of assets.

Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/blockchain-technologies-global-market-report

Market Drivers and Trends:

The favorable government initiatives towards blockchain is expected to drive the blockchain technologies market. Governments of both advanced and developing economies are focusing on framing policies and frameworks for adopting blockchain. For example, in January 2023, The Indian Government, through launched a blockchain module in collaboration with 5ire an India-based blockchain platform and Network Capital a India-based mentorship and career exploration platform aiming to foster innovation and entrepreneurship in India. Therefore, favorable government initiatives are expected to boost the demand for blockchain technologies in the forecast period.

Blockchain is increasingly being implemented in many back-office processes at industries from traditional banking and insurance, extending its application to even food production and pharmaceutical industries. For instance, in June 2023, Fujitsu. a Japan-based multinational information and communications technology company, completed a successful year-long pilot project with the Asian Development Bank, a Philippines-based regional bank. The project aimed to enhance cross-border securities settlement in regions including ASEAN, Japan, China, and South Korea, showcasing the potential for streamlined and secure transaction processes. Fujitsu plans to introduce the “”Fujitsu Web3 Acceleration Platform,”” integrating “”ConnectionChain”” to enable secure connectivity across multiple economies and promoting the adoption of blockchain technology in various industries beyond finance, including distribution and manufacturing.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

Microsoft Corporation, Huawei Technologies Co. Ltd., Amazon Web Services Inc., International Business Machines Corporation, Deloitte Touche Tohmatsu Limited, Infosys Limited, Coinbase Global Inc., Auxesis Group, Cegeka NV, Circle Internet Financial Limited, Celsius Network Ltd., Canaan Inc., BTL Group Ltd., Patron Technology Ltd., Riot Blockchain Inc., Ripple Labs Inc., R3 LLC, Bitfury Group Limited, Steemit Inc., Applied Blockchain Ltd., BlockCypher Inc., Blockpoint Inc., AlphaPoint Corp., Chain Inc., BigchainDB GmbH, TraDove Inc., Symbiont.io Inc., Blockchain Foundry Inc., Factom Inc., Menlo One Ltd., RecordsKeeper, Galaxy Digital Holdings Ltd., BlockFi Lending LLC, ConsenSys AG, MoonPay Limited, Lockheed Martin Corporation, Blockdaemon Corp.

Blockchain Technologies Market 2024 Key Insights:

• The blockchain technologies market size is expected to see exponential growth in the next few years. It will grow to $161.14 billion in 2028 at a compound annual growth rate (CAGR) of 53.1%.
• Government Support Propelling The Blockchain Technologies Market
• Blockchain Integration In Cross-Border Securities Settlement Fujitsu’s Impact
• The Asia Pacific was the largest region in the blockchain technologies market in 2023

We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=2506&type=smp

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
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Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company (http://www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC’s consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.

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