Learn about the global blockchain market through The Business Research Company, which provides information on blockchain market size, blockchain market drivers and restraints, blockchain market players, the COVID-19 impact on the blockchain market, and more.

The global blockchain market size is expected grow from $5.94 billion in 2021 to $10.13 billion in 2022 at a compound annual growth rate (CAGR) of 70.6%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The blockchain market is expected to reach $71.78 billion in 2026 at a CAGR of 63.2%.

The growing demand for blockchain technology in industries and the public sector is expected to drive the growth of the market.

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The blockchain market consists of sales of blockchain technology by the entities that develop this technology. Blockchain is a decentralized ledger or a database that records the data of the organizations in many databases which is called a block over a network called chain connected in peer-to-peer version referred to as node. Blockchain is preferred for its safe, secure and transparent nature.

Global Blockchain Market Segments Include:

By Type: Private, Public, Hybrid

By Provider: Application, Middleware, Infrastructure

By Application: BFSI, Telecom and IT, Government

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the blockchain market in 2021.

Federated blockchain, also called as a consortium blockchain, is expected to be a major trend shaping the blockchain market in the forecast period. Federated blockchain is a private permission type of blockchain, which gives permission for multiple entities to have access to the network by voting or token system. Decentralization is maintained by the prior selection of the authority nodes by the organizations in the network which can exchange the data or information continuously.

TBRC’s blockchain market report covers:

Major Market Players: Amazon Web Services, Inc., BTL Group Ltd., r3, Bitfury, IBM, ConsenSys, LeewayHertz, 4IRE Labs, Factom, Synsoft Global, OpenLedger, Inn4Science, Titanium Blockchain, Blockchain Intelligence Group, Blockchangers, ChromaWay, Intellectsoft, Altoros, Deqode, Primechain, SoluLab, Accubits, SheerChain, Espeo, Venture Aviator and Software Mill.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Blockchain Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 s one of a series of new reports from The Business Research Company that provides blockchain market overviews, analyzes and forecasts market size, share, blockchain market players, blockchain market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s blockchain market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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