< Key Hightlight >

The global blockchain market size is projected to grow from USD 20.1 billion in 2024 to USD 248.9 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 65.5% during the forecast period. The combination of AI and IoT, and blockchain technology drives significant growth by securing data and ensuring tamper-proof records.

Analysis of key drivers (Increasing venture capital funding and investments in blockchain technology, growing demand in retail, SCM, and banking applications for secure and transparent transactions, simplification of processes along with transparency, security, and immutability, high adoption of blockchain solutions for payments, smart contracts, and digital identities, and lower operational costs), restraints (Uncertain regulatory and compliance environment and high costs of implementing blockchain technology), opportunities (Increasing government initiatives to boost demand for blockchain platforms and services, amalgamation of blockchain, loT, and Al, rising demand for real-time data analysis, enhanced visibility, and proactive maintenance, and potential of blockchain technology in novel industries), and challenges (Security, privacy, and control of blockchain transactions and limited availability of technical skillsets to implement blockchain technology)

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the blockchain market.

Market Development: Comprehensive information about lucrative markets - the report analyses the blockchain market across varied regions.

Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the blockchain market.

Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in blockchain market strategies, including AWS (US), Oracle (US), IBM (US), Huawei (China), and Accenture (Ireland).