Blockchain Market Size, Share, Demand and Revenue Forecast 2030

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2022
Blockchain Market Size, Opportunities, and Trends
in Coming Years
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The blockchain technology is gaining phenomenal
growth in usage because of the shift toward the
digital economy. This technology is widely used
for securing online financial transactions, as
with it, it is nearly impossible to cheat or hack
a system. It can create a cross-national system
of different participants, including NGOs,
government bodies, any individual, and companies.
Each of the entities involved with a blockchain
has a verifiable record of all the transactions,
and these records can only be altered with the
participants consent. This technology is
virtually non-hackable due to its timestamp
property, which is why it is becoming popular
with banks, which are looking for options to
enhance their data security by making their
transactions impossible to be hacked and altered.
Another key factor propelling the blockchain
market is the integration of related solutions
with the legacy system, for handling various
functions served by the latter. These features
offer an extreme level of security for anyone
using this technology.
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As a result, blockchain technologies are utilized
for multiple non-financial and financial
applications, among which it is utilized the most
for payments. It is because digital identity
applications will continue gaining popularity in
the coming years as they help in eliminating the
requirement for a central authority and third
party. It will expand the need for
blockchain-based management solutions used within
any financial transaction. As per a December 2021
article in The Times of India, the value of
digital transactions in India is likely to grow
to 1 trillion by 2026 from 300 billion in
2021. On the other hand, according to the
estimation of market research company PS
Intelligence, APAC will also witness a massive
rise in the demand for the blockchain technology,
due to the heavy investments in designing such
networks for minimizing labor costs. Moreover,
the strongest driver for the APAC blockchain
market is the rapid digitization in the region,
led by India and China. With the increasing
number of people with smartphones and internet
access, online banking and shopping activities
are rising, thus mandating the usage of this
technology. Request to Get the Sample Report
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Hence, the shift toward the digital economy and
increase in the requirement for securing online
financial transactions are propelling the demand
for the blockchain technology. This study
covers 1. Historical and the present size of the
Blockchain Market 2. Future potential of the
market through its forecast for the period 2020
2030 3. Historical and the present size of the
market segments and understand their comparative
future potential 4. Potential of on-demand
logistics services, so the market players make
informed decisions on the sales of their
offerings 5. Competitive scenario of various
market segments across key countries in several
regions for uncovering market opportunities for
the stakeholders 6. Major players operating in
the market and their service offerings
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