Blockchain distributed ledger market is anticipated to grow at a CAGR of 52.6% during the forecast period. The primary factor that drives the market growth is the increasing adoption trend of distributed ledger among various large & medium size enterprises, and increasing awareness associated with blockchain distributed ledger application among numerous industries drives the market growth. For instance, in February 2022, Censor Black announced that it extended its financial services by providing blockchain-enabled solutions to create additional revenue sources for manufacturing SMEs by tokenizing their under-utilized assets. Censor Black is aiming to bridge the divide between large and small enterprises by leveraging blockchain technology and enabling under-utilized resources to circulate. Moreover, the low risk of data fraud and less cost of installation of blockchain distributed ledger further propel the market growth. However, a lack of awareness regarding cryptocurrency among developing nations may hamper the growth of the market.
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The global blockchain distributed ledger market is segmented based on enterprise size, application, and end user. Based on enterprise size, the market is bifurcated into large enterprises and small & medium enterprises. Based on application, the market is sub-segmented into payments, smart contracts, supply chain management, compliance management, trade finance, and others. Based on end-user, the market is sub-divided into BFSI, government & public, manufacturing, retail & e-commerce, media & entertainment, transportation & logistics, healthcare, energy & utilities, and others. Based on end-user, the BFSI segment is expected to witness favorable growth during the forecast period. the growth is augmented owing to an increase in the risk of backdoor transaction fraud cases, along with rising demand for digital transactions among the people to use digital modes of payment instead of the physical transaction, which is expected to bolster the segment growth in the global blockchain distributed ledger market. In June 2021, Denmark’s central bank was compromised in last year’s global SolarWinds hacking operation, leaving a “backdoor” to its network open for seven months. The hackers, accused by the US of working for Russian intelligence uses SolarWinds to get inside a network and create a backdoor, and modified code in SolarWinds network management software that was downloaded by 18,000 customers across the globe.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Blockchain Distributed Ledger Market– Segmentation
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By Application
- Payments
- Smart Contracts
- Supply Chain Management
- Compliance Management
- Trade Finance
- Others
By End-User
- BFSI
- Government & Public
- Manufacturing
- Retail & E-Commerce
- Media & Entertainment
- Transportation & Logistics
- Healthcare
- Energy & Utilities
- Others
Global Blockchain Distributed Ledger Market by Region
North America
- US
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global blockchain distributed ledger market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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