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Global Blockchain Distributed Ledger Market Size, Forecast: By Component: Solution, Services; By Type: Private, Public, Hybrid; By Application: Payments, Smart Contracts, Supply Chain Management, Trade Finance, Others; By End Use: BFSI, Retail and E-Commerce, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Blockchain Distributed Ledger Market Outlook

The global blockchain distributed ledger market size reached approximately USD 6.74 billion in 2023. The market is estimated to grow at a CAGR of 32.2% in the forecast period of 2024-2032, reaching a value of around USD 83.15 billion by 2032.

Key Trends in the Market

Blockchain is a type of distributed ledger technology (DLT) which is distributed across a network of computers and provides the facility of recording, sharing, and synchronisation of transactions. The information on this ledger is secured with cryptography and can be accessed through keys and crypto signatures.

Increased implementation of smart contracts by businesses to ensure transparency and clear communication among multiple parties is one of the crucial blockchain distributed ledger market trends. Blockchain DLT offers self-verification and self-execution features to execute a specific outcome automatically when the term is met and reduce the risk of miscommunication and cyber-attacks.

With the burgeoning trend of decentralised finance (DeFi), blockchain DLT gains prominence in DeFi as it provides peer-to-peer trading, eliminates the need for intermediaries, and enhances the security of a transaction.

Blockchain DL technology is widely integrated into non-fungible tokens (NFT) to provide a secure ledger so it cannot be altered or manipulated, which provides impetus to the blockchain distributed ledger market growth.

Several central banks across the world are developing the concept of digital currencies by implementing blockchain technology for easy monetarisation of digital transactions.

Market Analysis

Based on the component, the market is bifurcated into solution and services. On the basis of type, the market is divided into private, public, and hybrid. Based on application, the market is categorised into payments, smart contracts, supply chain management, and trade finance, among others.

The blockchain distributed ledger market segmentation, on the basis of end use, includes BFSI, retail and e-commerce, government and public, manufacturing, media and entertainment, transportation and logistics, healthcare, and energy and utilities, among others. The major regional markets of blockchain distributed ledger are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the blockchain distributed ledger market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

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 PLC

Others

Market Share by Application

Payments represent a significant portion of the blockchain distributed ledger market share, which can be attributed to the burgeoning demand for transparency and security in transactions. Blockchain DLT eliminates the requirement of mediators and intermediaries to simplify transactions and provide peer-to-peer transfer. It also offers the provision of fast cross-border payments and ensures the safety of payee and payer information in transactions. Additionally, it provides the facility of cryptocurrency wallets for quick and simple transactions, proliferating the expansion of the market.

Market Share by Region

As per the blockchain distributed ledger market analysis, North America accounts for a substantial share of the global market due to the rising adoption of advanced technological solutions in the region. The growing presence of key players in the region who are focusing on developing customised solutions for their clients also provides a positive market outlook.

The proliferation of blockchain startups, coupled with increased investments by market players, further provides new growth avenues to the market. Moreover, several end-use sectors in the region are recognising the potential of blockchain distributed ledger to use cryptography securely and accurately, which is driving the market growth.

Competitive Landscape

Amazon Web Services Inc., incorporated in 2002, is a comprehensive provider of cloud technology, headquartered in Seattle, the United States. The company launched Amazon-Managed Blockchain (AMB) recently, which allows its clients to create and manage a simple blockchain network.

Huawei Technologies Co. Ltd. is a multinational technology company, that was founded in 1987 and has its headquarters in Shenzhen, China. The company is a provider of information and communications technology, smart devices, and Huawei cloud blockchain technology, among others.

Intel Corporation, established in 1968, is a leader in world-class technology, with its headquarters in California, the United States. Its product portfolio includes processors, chipsets, server products, and memory and storage, among others.

Other blockchain distributed ledger market players include IBM Corporation, NTT DATA Group Corporation, Auxesis Services & Technologies (P) Ltd., Digital Asset Holdings LLC, Distributed Ledger, Inc., and Accenture PLC, among others.

Key Highlights of the Report

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Scope of the Report	Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment: Component Type Application End Use Region
Breakup by Component	Solution Services
Breakup by Type	Private Public Hybrid
Breakup by Application	Payments Smart Contracts Supply Chain Management Trade Finance Others
Breakup by End Use	BFSI Retail and E-Commerce Government and Public Manufacturing Media and Entertainment Transportation and Logistics Healthcare Energy and Utilities Others
Breakup by Region	North America United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	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 PLC Others

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1   Preface
2   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

Key Questions Answered in the Report

What was the blockchain distributed ledger market value in 2023?

In 2023, the market reached an approximate value of USD 6.74 billion.

What is the growth rate of the blockchain distributed ledger market?

The market is projected to grow at a CAGR of 32.2% between 2024 and 2032.

What is the forecast outlook of the blockchain distributed ledger market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 83.15 billion by 2032.

What are the major market drivers?

The major market drivers are its growing demand in several end-use sectors to enhance security and protect their data from fraudulent attacks.

What are the key trends of the market?

The key trends of the market include increased implementation of smart contracts, the burgeoning trend of decentralised finance, integration of blockchain DLT into non-fungible tokens (NFT), and the development of the concept of digital currencies.

What are the major regional markets for blockchain distributed ledger, according to the report?

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the various applications of blockchain distributed ledger?

Various applications of blockchain distributed ledger are payments, smart contracts, supply chain management, and trade finance, among others.

Who are the key market players, according to the blockchain distributed ledger market report?

The key players in the market are 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., and Accenture PLC, among others.

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