Blockchain Technology Market,By Type (Public blockchain, Private blockchain),By Application (Financial Services and Non-Financial Services), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Jun 2023

Code : CMI2846

Pages :130

Formats :

Excel and PDF

Industry : Information and Communication Technology

Regional Analysis

Global Blockchain Technology Market: Regional Insights

North America held a dominant position in the Global Blockchain Technology market in 2022, accounting for a 40.7% share in terms of value, followed by Europe and Asia Pacific.

Figure 1: Global Blockchain Technology Market Share (%), By Region, 2022

Europe's blockchain technology market holds the second-largest market share, supported by government initiatives aimed at fostering growth in the healthcare sector. Additionally, the Germany market dominates with the largest share, while the U.K. market demonstrates the highest growth rate within Europe.

In the Asia-Pacific region, the blockchain technology market is projected to experience the fastest compound annual growth rate (CAGR) between 2023 and 2030. This growth can be attributed to the increasing adoption of blockchain technology by banks for efficient management of know-your-customer (KYC) documents. Furthermore, China leads the market with the largest share, and the Indian market exhibits the highest growth rate within the Asia-Pacific region.

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East: GCC Countries, Israel, and Rest of Middle East and AfricaAfrica