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Blockchain Distributed Ledger Market Report and Forecast 2024-2032

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    Report

  • 164 Pages
  • June 2024
  • Region: Global
  • Expert Market Research
  • ID: 5982086

Market Outlook

According to this report, the global blockchain distributed ledge market size reached a value of USD 6.74 billion in 2023. Aided by factors including decentralisation, transparency, security, and the proliferation of digital assets, the market is projected to further grow at a CAGR of 32.2% between 2024 and 2032 to reach a value of USD 83.15 billion by 2032.

Blockchain distributed ledger technology revolutionises the way data is stored, shared, and managed by providing a decentralised, immutable, and transparent system of record-keeping. Unlike traditional centralised databases, blockchain distributed ledgers utilise a peer-to-peer network of nodes to validate and record transactions in a secure and tamper-proof manner. This distributed and consensus-driven approach eliminates the need for intermediaries, reduces the risk of fraud and manipulation, and enhances trust and accountability in digital transactions.

Several factors are driving the blockchain distributed ledger market growth. One of the primary drivers is the increasing demand for digital transformation across various sectors. Organisations are recognising the potential of blockchain technology to streamline business processes, enhance operational efficiency, and create new value propositions. From finance and supply chain management to healthcare and government services, blockchain distributed ledgers offer a secure and efficient solution for data management, transaction processing, and asset tokenisation.

Blockchain technology enables the tokenisation of real-world assets such as real estate, art, commodities, and securities, transforming them into digital tokens that can be traded, transferred, and fractionalised on blockchain networks. Tokenisation democratises access to investment opportunities, enhances liquidity, and enables new forms of asset ownership and value creation, driving innovation and disruption in traditional financial markets and asset classes.

The growing adoption of digital currencies and digital assets is another key driver of the market. As the popularity of cryptocurrencies such as Bitcoin and Ethereum continues to rise, there is a growing need for secure and reliable infrastructure to support the trading, custody, and settlement of digital assets. Blockchain distributed ledgers provide the underlying technology infrastructure for digital asset exchanges, custody solutions, and tokenization platforms, driving demand for blockchain-based financial services and decentralised finance (DeFi) applications, consequently driving up the blockchain distributed ledger market share.

Moreover, regulatory clarity and supportive government initiatives are fostering the adoption of blockchain distributed ledger technology. Governments around the world are recognising the potential benefits of blockchain technology in areas such as identity management, voting systems, supply chain traceability, and public service delivery. Through regulatory frameworks, pilot projects, and investment incentives, governments are promoting innovation and entrepreneurship in the blockchain space, driving adoption and investment in blockchain distributed ledger solutions.

As per the blockchain distributed ledger market analysis, a notable trend in the market is the convergence of blockchain with other emerging technologies such as artificial intelligence (AI), the Internet of Things (IoT), and edge computing. By integrating blockchain with AI algorithms, IoT sensors, and edge computing devices, organisations can create intelligent and autonomous systems that leverage the security, transparency, and decentralisation of blockchain technology to enhance data integrity, privacy, and trust in digital ecosystems.

As blockchain networks proliferate and mature, there is a growing need for interoperable and scalable solutions that enable seamless communication and integration between different blockchain platforms and networks. Interoperability standards, cross-chain protocols, and layer-two scaling solutions are being developed to address these challenges and unlock the full potential of blockchain technology for global adoption and interoperability, aiding the blockchain distributed ledger market development.

Market Segmentation

The market can be divided based on the component, type, application, end use, and region.

Market Breakup by Component

  • Solution
  • Services

Market Breakup by Type

  • Private
  • Public
  • Hybrid

Market Breakup by Application

  • Payments
  • Smart Contracts
  • Supply Chain Management
  • Trade Finance
  • Others

Market Breakup by End Use

  • BFSI
  • Retail and E-Commerce
  • Government and Public
  • Manufacturing
  • Media and Entertainment
  • Transportation and Logistics
  • Healthcare
  • Energy and Utilities
  • Others

Market Breakup by Region

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

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global blockchain distributed ledge market. Some of the major players explored in the report are as follows:
  • Amazon Web Services Inc.
  • Huawei Technologies Co. Ltd.
  • Intel Corporation
  • IBM Corporation
  • NTT DATA Group Corporation
  • Auxesis Services & Technologies (P) Ltd.
  • Digital Asset Holdings LLC
  • Distributed Ledger, Inc.
  • Accenture

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Blockchain Distributed Ledger Market Analysis
8.1 Key Industry Highlights
8.2 Global Blockchain Distributed Ledger Historical Market (2018-2023)
8.3 Global Blockchain Distributed Ledger Market Forecast (2024-2032)
8.4 Global Blockchain Distributed Ledger Market by Component
8.4.1 Solution
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Services
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Blockchain Distributed Ledger Market by Type
8.5.1 Private
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Public
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Hybrid
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Blockchain Distributed Ledger Market by Application
8.6.1 Payments
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Smart Contracts
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Supply Chain Management
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Trade Finance
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Blockchain Distributed Ledger Market by End Use
8.7.1 BFSI
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Retail and E-Commerce
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Government and Public
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Manufacturing
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Media and Entertainment
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Transportation and Logistics
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Healthcare
8.7.7.1 Historical Trend (2018-2023)
8.7.7.2 Forecast Trend (2024-2032)
8.7.8 Energy and Utilities
8.7.8.1 Historical Trend (2018-2023)
8.7.8.2 Forecast Trend (2024-2032)
8.7.9 Others
8.8 Global Blockchain Distributed Ledger Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Blockchain Distributed Ledger Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Blockchain Distributed Ledger Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Blockchain Distributed Ledger Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Blockchain Distributed Ledger Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Blockchain Distributed Ledger Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Amazon Web Services Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Huawei Technologies Co. Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Intel Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 IBM Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 NTT DATA Group Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Auxesis Services & Technologies (P) Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Digital Asset Holdings LLC
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Distributed Ledger, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Accenture PLC
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Blockchain Distributed Ledger Market: Key Industry Highlights, 2018 and 2032
2. Global Blockchain Distributed Ledger Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global Blockchain Distributed Ledger Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global Blockchain Distributed Ledger Historical Market: Breakup by Type (USD Billion), 2018-2023
5. Global Blockchain Distributed Ledger Market Forecast: Breakup by Type (USD Billion), 2024-2032
6. Global Blockchain Distributed Ledger Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Blockchain Distributed Ledger Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Blockchain Distributed Ledger Historical Market: Breakup by End Use (USD Billion), 2018-2023
9. Global Blockchain Distributed Ledger Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10. Global Blockchain Distributed Ledger Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Blockchain Distributed Ledger Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Blockchain Distributed Ledger Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Blockchain Distributed Ledger Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Blockchain Distributed Ledger Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Blockchain Distributed Ledger Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Blockchain Distributed Ledger Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Blockchain Distributed Ledger Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Blockchain Distributed Ledger Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Blockchain Distributed Ledger Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Blockchain Distributed Ledger Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Blockchain Distributed Ledger Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Blockchain Distributed Ledger Market Structure

Companies Mentioned

  • Amazon Web Services Inc.
  • Huawei Technologies Co. Ltd.
  • Intel Corporation
  • IBM Corporation
  • NTT DATA Group Corporation
  • Auxesis Services & Technologies (P) Ltd.
  • Digital Asset Holdings LLC
  • Distributed Ledger, Inc.
  • Accenture

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