1. Market Research
  2. > Advanced IT Market Trends
Global Blockchain Technology Market By Type, By Component, By Enterprise Size, By Industry Vertical, By Regional Outlook, Industry Analysis Report and Forecast, 2021 - 2027

Global Blockchain Technology Market By Type, By Component, By Enterprise Size, By Industry Vertical, By Regional Outlook, Industry Analysis Report and Forecast, 2021 - 2027

  • April 2021
  • 287 pages
  • ID: 6073592
  • Format: PDF
  • KBV Research


Table of Contents

Search Inside

The Global Blockchain Technology Market size is expected to reach $72 billion by 2026, rising at a market growth of 51.8% CAGR during the forecast period. A blockchain is a list of records called blocks, which is connected to cryptography. It is also known as distributed ledger technology (DLT). Every block has a cryptographic hash of the former block which is a timestamp and process data. Blockchain technology is considered as safe, fast, and inexpensive, which is why it is utilized to initiate online transactions all over the financial services and non-financial industries. This technology is decentralized which eliminates the requirement of intermediaries to check online transactions. Blockchain is applied to a wide range of areas consisting of factoring and mobile payments.

In the past few years, blockchain appeared as a very beneficial technology used in the IT domain. It is basically a fixed and open distributed public ledger, wherein every party associated with a transaction can access it. It also acts as a common repository of all the transactions occurred among the parties. The growth of the market is boosted by the rising adoption of cryptocurrency across the globe. Almost all the commercial and central banks around the globe are utilizing blockchain technology for initiating payment and issuing their digital currencies. This technology allows cross-border payments, which are inexpensive and fast in comparison to the traditional way of payment.

The ongoing COVID 19 pandemic will have an impact on the blockchain sector for the short period only. Blockchain technology will play a crucial role in leading the digital transformation activities & initiatives in this scenario. This technology is very helpful for public health data surveillance, crisis management, donation tracking, securing medical supply chains, and others. There are many governments and companies which are aiming at implementing advanced technologies to improve user experience. These kinds of initiatives are projected to surge the growth of the market.

Type Outlook

Based on Type, the market is segmented into Public, Private and Hybrid. In 2020, the public market segment emerged as the leading segment with the highest share in the global market. The public blockchain is basically a multi-tenant environment, in which there is a sharing of computing space with various other customers. At present, there are numerous government entities all over the globe, which are embedding conventional systems with cloud technologies.

Component Outlook

Based on Component, the market is segmented into Infrastructure & Protocols, Application & Solution and Middleware. The middleware market segment is anticipated to record the highest growth rate during the forecast period. Middleware is basically a tool that is used to automate the verification of clinical data in the healthcare sector. The increasing investments in the healthcare industry are projected to fuel the growth of the segment. In addition, this growth is attributed to the usage of middleware tools to monitor laboratory performance metrics.

Enterprise Size Outlook

Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. The Small & Medium enterprise market segment is projected to garner the substantial growth rate during the forecast period. These SMEs face problems in scaling their tasks like processing payments, financing, and choosing ancillary services crucial for global expansion. Blockchain technology assists these SMEs to minimize issues that arise by subsidizing and exchanging accounts.

Industry Vertical Outlook

Based on Industry Vertical, the market is segmented into BFSI, IT & Telecom, Healthcare, Retail & eCommerce, Government & Defense, Media & Entertainment, Manufacturing and Others. The financial services market segment acquired the largest revenue share of the market in 2020. These financial services utilize blockchain technology in order to manage all the financial transactions that occurred in a firm. This blockchain technology offers safe & efficient transactions, which is fueling the demand for blockchain technology in financial services.

Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. Asia-Pacific region is projected to record major growth during the forecast period. The governments of nations like Japan, China, and India are encouraging the usage of blockchain technology in present days due to its benefits like improved efficiency, more transparency, many others that are offered to several business verticals.

The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; Amazon.com, Inc. and Microsoft Corporation are the forerunners in the Blockchain Technology Market. Companies such as Hewlett Packard Enterprise Company, Monax Industries Limited, IBM Corporation, and Intersteller are some of the key innovators in the market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon.com, Inc., Microsoft Corporation, Hewlett Packard Enterprise Company, IBM Corporation, Circle Internet Financial Limited, Digital Asset Holdings, LLC, Global Arena Holding, Inc., The Linux Foundation, Monax Industries Limited, and Interstellar.

Recent strategies deployed in Blockchain Technology Market

Partnerships, Collaborations, and Agreements:

Mar-2021: Interstellar came into collaboration with Velo Labs, a blockchain-based financial protocol. The collaboration aims to enable quicker and cheaper cross-border payments in Southeast Asia on the stellar blockchain.

Feb-2021: Microsoft joined hands with International Trust Machines Corporation (ITM), along with MediaTek AIoT Ecosystem. The collaboration aims to develop out-of-the-box solutions for enterprises to utilize blockchain for IoT technology. Under this collaboration, ITM has created a solution for TaiPower, Taiwan’s largest energy provider, to register the solar power data generated by smart meters.

Jan-2021: Microsoft collaborated with Tanla Platforms, a cloud communications company. In this collaboration, the companies launched Wisely, a Blockchain-enabled communications platform-as-a-service (CPaaS) offering built on Azure Cloud. This platform offers a global edge-to-edge network, which provides private, safe, and trusted communication experiences.

Dec-2020: Circle partnered with Visa, an American multinational financial services corporation. The partnership enables companies across the globe to take benefits from the integrated strength of USD Coin, a fully-reserved digital dollar stablecoin supported all over the various public blockchains, and also Visa’s global payments platform & network.

Oct-2020: IBM joined hands with R3, an enterprise software firm. The collaboration expanded the option for customers scaling blockchain technology at the same time providing their best performance, compliance, and data privacy. Under this collaboration, R3 introduced a new open beta program to integrate R3’s enterprise blockchain platform, Corda Enterprise, to IBM LinuxONE all over the hybrid cloud, including both on-premises and the IBM Cloud, delivered through IBM Cloud Hyper Protect Services.

Oct-2020: Digital Asset came into collaboration with ISDA, a trade organization. Together, the companies announced pilot incorporation of the Common Domain Model (CDM) for the clearing of interest rate derivatives utilizing DAML. This pilot brings the CDM model for clearing and adds the latest features for the signing of state transitions, privacy elements, and data ownership that are important to incorporate the CDM clearing model into production

Sep-2020: AWS collaborated with Tech Mahindra, an Indian multinational company. Under this collaboration, Tech Mahindra aimed to launch blockchain solutions based on Amazon Managed Blockchain to worldwide users utilizing AWS and other top companies all over the world.

Jul-2020: Circle extended its partnership with Voyager Digital, a public, licensed crypto-asset broker. Under this expansion, Voyager combined the Circle Platform Services & Payments API into its Voyager Crypto Broker Platform that can lead to the expansion of its funding mechanisms.

Jul-2020: Circle entered into a partnership agreement with Genesis, a leading digital asset prime brokerage firm. This partnership aims to boost the adoption and acceptance of digital dollar stablecoins in mainstream finance.

Product Launches and Product Expansions:

Mar-2021: Circle unveiled a comprehensive payments solution for non-fungible token (NFT) marketplaces and storefronts. This solution helps the marketplaces & storefronts to accept credit card and crypto payments to attract the majority of mainstream audience adoption.

Aug-2019: Interstellar introduced Slingshot, a blockchain transaction format with cloaked assets and zero-knowledge smart contracts. Slingshot makes transactions more confidential, simple, highly efficient, and customizable. It enables custom contracts through programmable restrictions over encrypted data and assets. It also includes an API called Token for issuing assets utilizing ZkVM.

Apr-2019: AWS launched Amazon Managed Blockchain, a fully managed service. It makes it easy to make and run scalable blockchain networks. This Amazon Managed Blockchain scales to support various applications and a huge number of transactions utilizing the famous open-source frameworks like Hyperledger Fabric and Ethereum.

Feb-2019: Monax announced the public beta launch of the Monax Platform. It is available for production-level commercial usage. The Monax Platform is a relationship-centric workspace for small to medium size companies allowing customers to use digital contracts to manage risk and lead the business systems.

Scope of the Study

Market Segments covered in the Report:

By Type

• Public

• Private

• Hybrid

By Component

• Infrastructure & Protocols

• Application & Solution

• Middleware

By Enterprise Size

• Large Enterprises

• Small & Medium Enterprises

By Industry Vertical


• IT & Telecom

• Healthcare

• Retail & eCommerce

• Government & Defense

• Media & Entertainment

• Manufacturing

• Others

By Geography

• North America

o US

o Canada

o Mexico

o Rest of North America

• Europe

o Germany

o UK

o France

o Russia

o Spain

o Italy

o Rest of Europe

• Asia Pacific

o China

o Japan

o India

o South Korea

o Singapore

o Malaysia

o Rest of Asia Pacific


o Brazil

o Argentina


o Saudi Arabia

o South Africa

o Nigeria

o Rest of LAMEA

Companies Profiled

• Amazon.com, Inc.

• Microsoft Corporation

• Hewlett Packard Enterprise Company

• IBM Corporation

• Circle Internet Financial Limited

• Digital Asset Holdings, LLC

• Global Arena Holding, Inc.

• The Linux Foundation

• Monax Industries Limited

• Interstellar

Unique Offerings

• Exhaustive coverage

• Highest number of market tables and figures

• Subscription based model available

• Guaranteed best price

• Assured post sales research support with 10% customization free

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.


Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on