Blockchain Distributed Ledger Market

Blockchain Distributed Ledger Market Size By Component (Solution and Service), By Type (Private, Public, and Hybrid), By Organization Size (SMEs and Large enterprises), By Industry (BFSI, Manufacturing, Retail & E-commerce, Transportation & Logistics and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032

Base Year: 2022 Historical Data: 2019-21
  • Report ID: TBI-13726
  • Published Date: Sep, 2023
  • Pages: 237
  • Category: Information Technology & Semiconductors
  • Format: PDF
Buy @ $4700.00 Request Sample PDF

The global blockchain distributed ledger market was valued at USD 8.18 billion in 2022 and is anticipated to grow at a CAGR of 40.3% from 2023 to 2032. Blockchain distributed ledger technology has become a game-changing industry that can transform whole sectors and beyond, secure data, and build trust in the digital era. Blockchain, which started as the underpinning technology for the cryptocurrency Bitcoin, has quickly advanced past its original use case. In the present scenario, blockchain has emerged as one of the revolutionary technological advancements within distributed ledger technology. Blockchain has developed beyond its original use as the most advanced technology for cryptocurrency. Blockchain technology can be applied in various industry verticals, including finance, healthcare, supply chain management, and others.

Market Introduction:

Blockchain technology's core elements include transactions, consensus mechanisms, cryptography, and decentralization. The building blocks of blockchain technology are known as blocks, each with a reference to the block before it, a collection of transactions or other data, and a time stamp. The structure resembles a chain because of this function, called "blockchain." The transfer of assets or data from one person to another via the blockchain network is regulated by transactions, on the other hand. These transactions are compiled into blocks for validation and inclusion in the list. Blockchain transaction security relies heavily on cryptography. Private keys are used to sign transactions and demonstrate ownership, while public-key cryptography is used to create digital signatures that confirm a transaction's legitimacy.

The historical events that paved the path for blockchain development are the core that helped grow the blockchain distributed ledger technology. The development of cryptography, which has been essential in safeguarding digital communications and simultaneous transactions for governments, is one of them. In the middle of the 20th century, advancements like public-key cryptography, essential to blockchain security, were prevalent. The idea of distributed computing also laid the foundation for blockchain technology's digitalized nature through networks like ARPANET and the Internet. Blockchain's ambitions to establish digital transactions were foreshadowed by early initiatives in digital currency and electronic currencies, such as DigiCash in the 1980s and e-gold in the 1990s.

Blockchain Distributed Ledger Market Size

Get an overview of this study by requesting a free sample

Recent Development
  • In June 2021: Twenty-five major Indian banks came together to form the Indian Bank's digital ledger infrastructure company private limited (IBBIC), including the State Bank of India (SBI), ICICI, HDFC, RBL, Kotak Mahindra, IndusInd, South Indian Bank, Federal Bank, IDFC First, Bank of Baroda, Canara Bank, Standard Chartered, Axis Bank, Yes Bank, and Indian Bank. This aspect will ensure safe transactions while cutting down on processing time.
  • In June 2022: A UK-based venture capital company, Binance Labs, invested USD 500 million in blockchain, Web 3.0, and value-creating technology start-ups. The money will go towards projects that would hasten the adoption of blockchain technology and increase the applications for cryptocurrencies. As a result, the rise of the blockchain distributed ledger market is driven by increased investments in private blockchain technology.

Market Dynamics:

Drivers

Scalability Features - The need for scalability solutions is one of the key driving forces in the global blockchain distributed ledger market. The transaction throughput of early blockchain networks like Bitcoin and Ethereum has been problematic, resulting in congestion and slower transaction speeds during heavy demand. As a result, researchers and developers are slavishly developing scalability solutions. By allowing off-chain transactions while maintaining the security of the underlying blockchain, two technologies, Bitcoin's Lightning Network and Ethereum's rollup solutions, aim to increase the transaction capacity of existing blockchains. These developments are essential for resolving scalability issues and increasing blockchain usage. Additionally, venture capital investment in blockchain technology has encouraged industry innovation and growth. Venture capital companies are aggressively sponsoring businesses and projects, driving the development because the companies recognize the transformative potential of blockchain. This infusion of funds supports research, development, and the investment of new blockchain solutions across numerous industries. This primary factor is boosting the market growth and development.

Restraints:

Regulatory Uncertainty and Compliance Challenges - The regulatory environment for cryptocurrencies and blockchain technology is still unclear and varies greatly between jurisdictions. A lack of transparent and consistent laws may discourage business enterprises and investors from investing in the blockchain sector. Ambiguities in tax treaties, compliant requirements, and legal classifications of digital assets present difficulties for business enterprises trying to understand the regulatory framework. Blockchain initiatives must deal with complicated regulatory compliance obligations, especially those that involve tokens and cryptocurrencies. Regulations about know-your-customer (KYC) and anti-money laundering (AML) are crucial, and blockchain-based organizations must make sure they comply. Compliance can be difficult, particularly for designated projects, where identifying and confirming users' identities may be harder than in more conventional designated systems. These factors are limiting the market growth and development.

Opportunities:

Advent of Decentralized Finance (DeFi) - The rapid rise of digitalized finance, or DеFi, is one of the most noticeable developments in the blockchain distribution ledger market. Blockchain technology is used by DеFi applications to provide a digital economy for lending, borrowing, trading, and livestock farming. The amount of money locked up overall (TVL) in DеFi protocols has risen into the billions, demonstrating the huge market for digitalized financial services. The promise of high rates, accessibility, and the opportunity to connect with financial services without relying on conventional institutions like banks attract users to DеFi platforms. This shift has changed the financial landscape, leading conventional financial institutions to invest in blockchain-based solutions. By enabling individuals, corporations, and merchants to execute financial transactions through new technology, digitalized finance eliminates intermediaries. DеFi uses connection, software, hardware, security protocols, and peer-to-peer financial networks. People can lend, trade, and borrow using software that logs and validates financial transactions in distributed financial databases from any location with an internet connection. This factor is expected to provide lucrative growth opportunities in the upcoming years.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America region emerged as the most prominent global blockchain distributed ledger market, with a 39.0% market revenue share in 2022. The region is considered the early adopter of blockchain technology due to the presence of the key players. Enterprises from various end-user industry verticals in North America have significantly adopted blockchain technology. Blockchain has been adopted by sectors like finance, healthcare, supply chain& logistics to improve operations, transparency, and data security. Blockchain applications for supply chain traceability, digital identity, and digitalized finance (DеFi) are actively being funded by major firms in the U.S. and Canada. This early adoption has strengthened North America's position as the market leader for blockchain technology globally. The regional market players also engage in various market strategies such as product innovation, product differentiation, mergers, acquisitions, partnerships, and strategic alliances to maintain their competitive edge.

North America Region Blockchain Distributed Ledger Market Share in 2022 - 39.0%

 

www.thebrainyinsights.com

Check the geographical analysis of this market by requesting a free sample

  • In February 2022: To address the growing demand for the widespread adoption of blockchain technology across all industries, Prolеo.io announced its cooperation with Blockchain Wirе. Additionally, by working together, Prolеo.io advances its overall aim and uses Blockchain Wirе's platform to manage proactive announcements.
Component Segment Analysis

The component segment includes solution and services. The solution segment accounted for the largest market share of around 58% in 2022. Software and data storage, organization, and analysis platforms are part of the solution category. These technologies enable business enterprises to make better decisions or generate more revenue using their data. Most businesses have embedded this distributed learning system built on a blockchain to manage massive volumes of data for better insights and decisions. Distributed learning solutions are becoming increasingly popular across industries as businesses concentrate on growth and resource development. The key companies within the global market are increasing their product offerings to support market expansion.

Type Segment Analysis

The type segment is bifurcated into public, private and hybrid. The private segment dominated, with a market share of around 52% in 2022. The segment is anticipated to grow at the highest CAGR during the forecast period. A private blockchain gives users total control over particular operations, adding a layer of security to a blockchain system. It has a better order of magnitude and is more centralized than a public blockchain. Due to its advantages, blockchain-distributed learning is becoming increasingly popular among enterprises, which encourages the growth of private blockchain-distributed learning among end users. Private blockchain-distributed lenders are used by large and medium-sized businesses to establish banks and financial institutions to communicate client financial information using smart contracts securely.  

Organization Size Segment Analysis

The organization size segment is divided into SMEs and large enterprises. The large enterprises segment dominated the market, with a market share of around 60% in 2022. The blockchain distributed ledger facilitates better data tracking and payment processing for large enterprises. Because it can track data from the farmer to the supplier and broker and enhance data security throughout international transit, it is often used in retail, logistics, and transportation. These industries invest significantly in blockchain technology to collect personal information from mobile devices everywhere. Additionally, the evolution of digital payment systems and global payments in large enterprises opens new market opportunities. This is the primary factor for the segment growth.

Industry Segment Analysis

The industry segment is classified into BFSI, manufacturing, retail & e-commerce, transportation & logistics and others. The BFSI segment dominated the market, with a share of around 43% in 2022. All the enterprises within the BFSI industry can benefit from blockchain-distributed ledger technology. Businesses like banking and finance are transformed by it. Blockchain technology could make financial transactions more transparent, safe, and rapid. By providing a common, standardized learning system, blockchain is expected to reduce friction in financial networks when different institutions employ different technological infrastructures. Efficiency can be increased by streamlining infrastructure and eliminating pointless inefficiencies.

Some of the Key Market Players:
  • Digital Asset Holdings LLC
  • Accenture PLC
  • Amazon Web Services Inc.
  • AlphaPoint
  • Auxesis Services & Technologies Ltd.
  • Deloitte
  • Intel Corporation
  • Huawei Technologies Co. Ltd.
  • International Business Machines Corporation
  • NTT DATA Corporation
  • iXLedger
  • Visa Inc.

Report Description:

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2022 USD 8.18 Billion
Market size value in 2032 USD 241.71 Billion
CAGR (2023 to 2032) 40.3%
Historical data 2019-2021
Base Year 2022
Forecast 2023-2032
Region The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
Segments Component, Organization Size, Type, Industry

Frequesntly Asked Questions

As per The Brainy Insights, the size of the blockchain distributed ledger market was valued at USD 8.18 billion in 2022 to USD 241.71 billion by 2032.

The global blockchain distributed ledger market is growing at a CAGR of 40.3% during the forecast period 2023-2032.

North America region became the largest market for blockchain distributed ledger.

Scalability features, and the importance of blockchain distributed ledger are influencing the market's growth.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis by Component
          4.3.2. Market Attractiveness Analysis by Industry
          4.3.3. Market Attractiveness Analysis by Type
          4.3.4. Market Attractiveness Analysis by Organization Size
          4.3.5. Market Attractiveness Analysis by Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Scalability Features
    5.3. Restraints
          5.3.1. Regulatory Uncertainty and Compliance Challenges
    5.4. Opportunities
          5.4.1. Advent of Decentralized Finance (DeFi)

6. Global Blockchain Distributed Ledger Market Analysis and Forecast, By Component
    6.1. Segment Overview
    6.2. Solution
    6.3. Services

7. Global Blockchain Distributed Ledger Market Analysis and Forecast, By Industry
    7.1. Segment Overview
    7.2. BFSI
    7.3. Manufacturing
    7.4. Retail & E-commerce
    7.5. Transportation & Logistics
    7.6. Others

8. Global Blockchain Distributed Ledger Market Analysis and Forecast, By Type
    8.1. Segment Overview
    8.2. Private
    8.3. Public
    8.4. Hybrid

9. Global Blockchain Distributed Ledger Market Analysis and Forecast, By Organization size
    9.1. Segment Overview
    9.2. SMEs
    9.3. Large Enterprises

10. Global Blockchain Distributed Ledger Market Analysis and Forecast, By Regional Analysis
    10.1. Segment Overview
    10.2. North America
          10.2.1. U.S.
          10.2.2. Canada
          10.2.3. Mexico
    10.3. Europe
          10.3.1. Germany
          10.3.2. France
          10.3.3. U.K.
          10.3.4. Italy
          10.3.5. Spain
    10.4. Asia-Pacific
          10.4.1. Japan
          10.4.2. China
          10.4.3. India
    10.5. South America
          10.5.1. Brazil
    10.6. Middle East and Africa
          10.6.1. UAE
          10.6.2. South Africa

11. Global Blockchain Distributed Ledger Market-Competitive Landscape
    11.1. Overview
    11.2. Market Share of Key Players in the Blockchain Distributed Ledger Market
          11.2.1. Global Company Market Share
          11.2.2. North America Company Market Share
          11.2.3. Europe Company Market Share
          11.2.4. APAC Company Market Share
    11.3. Competitive Situations and Trends
          11.3.1. Product Launches and Developments
          11.3.2. Partnerships, Collaborations, and Agreements
          11.3.3. Mergers & Acquisitions
          11.3.4. Expansions

12. Company Profiles
    12.1. Digital Asset Holdings LLC
          12.1.1. Business Overview
          12.1.2. Company Snapshot
          12.1.3. Company Market Share Analysis
          12.1.4. Company Product Portfolio
          12.1.5. Recent Developments
          12.1.6. SWOT Analysis
    12.2. Accenture PLC
          12.2.1. Business Overview
          12.2.2. Company Snapshot
          12.2.3. Company Market Share Analysis
          12.2.4. Company Product Portfolio
          12.2.5. Recent Developments
          12.2.6. SWOT Analysis
    12.3. Amazon Web Services Inc.
          12.3.1. Business Overview
          12.3.2. Company Snapshot
          12.3.3. Company Market Share Analysis
          12.3.4. Company Product Portfolio
          12.3.5. Recent Developments
          12.3.6. SWOT Analysis
    12.4. Salesforce Inc.
          12.4.1. Business Overview
          12.4.2. Company Snapshot
          12.4.3. Company Market Share Analysis
          12.4.4. Company Product Portfolio
          12.4.5. Recent Developments
          12.4.6. SWOT Analysis
    12.5. AlphaPoint
          12.5.1. Business Overview
          12.5.2. Company Snapshot
          12.5.3. Company Market Share Analysis
          12.5.4. Company Product Portfolio
          12.5.5. Recent Developments
          12.5.6. SWOT Analysis
    12.6. Auxesis Services & Technologies Ltd.
          12.6.1. Business Overview
          12.6.2. Company Snapshot
          12.6.3. Company Market Share Analysis
          12.6.4. Company Product Portfolio
          12.6.5. Recent Developments
          12.6.6. SWOT Analysis
    12.7. International Business Machines Corporation (IBM)
          12.7.1. Business Overview
          12.7.2. Company Snapshot
          12.7.3. Company Market Share Analysis
          12.7.4. Company Product Portfolio
          12.7.5. Recent Developments
          12.7.6. SWOT Analysis
    12.8. Deloitte
          12.8.1. Business Overview
          12.8.2. Company Snapshot
          12.8.3. Company Market Share Analysis
          12.8.4. Company Product Portfolio
          12.8.5. Recent Developments
          12.8.6. SWOT Analysis
    12.9. Intel Corporation
          12.9.1. Business Overview
          12.9.2. Company Snapshot
          12.9.3. Company Market Share Analysis
          12.9.4. Company Product Portfolio
          12.9.5. Recent Developments
          12.9.6. SWOT Analysis
    12.10. Huawei Technologies Co. Ltd.
          12.10.1. Business Overview
          12.10.2. Company Snapshot
          12.10.3. Company Market Share Analysis
          12.10.4. Company Product Portfolio
          12.10.5. Recent Developments
          12.10.6. SWOT Analysis
    12.11. NTT DATA Corporation
          12.11.1. Business Overview
          12.11.2. Company Snapshot
          12.11.3. Company Market Share Analysis
          12.11.4. Company Product Portfolio
          12.11.5. Recent Developments
          12.11.6. SWOT Analysis
    12.12. iXLedger
          12.12.1. Business Overview
          12.12.2. Company Snapshot
          12.12.3. Company Market Share Analysis
          12.12.4. Company Product Portfolio
          12.12.5. Recent Developments
          12.12.6. SWOT Analysis
 

List of Table

1. Global Blockchain Distributed Ledger Market, By Component, 2019-2032 (USD Billion)

2. Global Solution, Blockchain Distributed Ledger Market, By Region, 2019-2032 (USD Billion)

3. Global Services, Blockchain Distributed Ledger Market, By Region, 2019-2032 (USD Billion)

4. Global Blockchain Distributed Ledger Market, By Industry, 2019-2032 (USD Billion)

5. Global BFSI Blockchain Distributed Ledger Market, By Region, 2019-2032 (USD Billion)

6. Global Manufacturing Blockchain Distributed Ledger Market, By Region, 2019-2032 (USD Billion)

7. Global Retail & E-commerce Blockchain Distributed Ledger Market, By Region, 2019-2032 (USD Billion)

8. Global Transportation & Logistics, Blockchain Distributed Ledger Market, By Region, 2019-2032 (USD Billion)

9. Global Others Blockchain Distributed Ledger Market, By Region, 2019-2032 (USD Billion)

10. Global Blockchain Distributed Ledger Market, By Type, 2019-2032 (USD Billion)

11. Global Private Blockchain Distributed Ledger Market, By Region, 2019-2032 (USD Billion)

12. Global Public Blockchain Distributed Ledger Market, By Region, 2019-2032 (USD Billion)

13. Global Hybrid Blockchain Distributed Ledger Market, By Region, 2019-2032 (USD Billion)

14. Global Blockchain Distributed Ledger Market, By Organization size, 2019-2032 (USD Billion)

15. Global SMEs Blockchain Distributed Ledger Market, By Region, 2019-2032 (USD Billion)

16. Global Large Enterprises Blockchain Distributed Ledger Market, By Region, 2019-2032 (USD Billion)

17. Global Blockchain Distributed Ledger Market, By Region, 2019-2032 (USD Billion)

18. North America Blockchain Distributed Ledger Market, By Component, 2019-2032 (USD Billion)

19. North America Blockchain Distributed Ledger Market, By Industry, 2019-2032 (USD Billion)

20. North America Blockchain Distributed Ledger Market, By Type, 2019-2032 (USD Billion)

21. North America Blockchain Distributed Ledger Market, By Organization size, 2019-2032 (USD Billion)

22. U.S. Blockchain Distributed Ledger Market, By Component, 2019-2032 (USD Billion)

23. U.S. Blockchain Distributed Ledger Market, By Industry, 2019-2032 (USD Billion)

24. U.S. Blockchain Distributed Ledger Market, By Type, 2019-2032 (USD Billion)

25. U.S. Blockchain Distributed Ledger Market, By Organization size, 2019-2032 (USD Billion)

26. Canada Blockchain Distributed Ledger Market, By Component, 2019-2032 (USD Billion)

27. Canada Blockchain Distributed Ledger Market, By Industry, 2019-2032 (USD Billion)

28. Canada Blockchain Distributed Ledger Market, By Type, 2019-2032 (USD Billion)

29. Canada Blockchain Distributed Ledger Market, By Organization size, 2019-2032 (USD Billion)

30. Mexico Blockchain Distributed Ledger Market, By Component, 2019-2032 (USD Billion)

31. Mexico Blockchain Distributed Ledger Market, By Industry, 2019-2032 (USD Billion)

32. Mexico Blockchain Distributed Ledger Market, By Type, 2019-2032 (USD Billion)

33. Mexico Blockchain Distributed Ledger Market, By Organization size, 2019-2032 (USD Billion)

34. Europe Blockchain Distributed Ledger Market, By Component, 2019-2032 (USD Billion)

35. Europe Blockchain Distributed Ledger Market, By Industry, 2019-2032 (USD Billion)

36. Europe Blockchain Distributed Ledger Market, By Type, 2019-2032 (USD Billion)

37. Europe Blockchain Distributed Ledger Market, By Organization size, 2019-2032 (USD Billion)

38. Germany Blockchain Distributed Ledger Market, By Component, 2019-2032 (USD Billion)

39. Germany Blockchain Distributed Ledger Market, By Industry, 2019-2032 (USD Billion)

40. Germany Blockchain Distributed Ledger Market, By Type, 2019-2032 (USD Billion)

41. Germany Blockchain Distributed Ledger Market, By Organization size, 2019-2032 (USD Billion)

42. France Blockchain Distributed Ledger Market, By Component, 2019-2032 (USD Billion)

43. France Blockchain Distributed Ledger Market, By Industry, 2019-2032 (USD Billion)

44. France Blockchain Distributed Ledger Market, By Type, 2019-2032 (USD Billion)

45. France Blockchain Distributed Ledger Market, By Organization size, 2019-2032 (USD Billion)

46. U.K. Blockchain Distributed Ledger Market, By Component, 2019-2032 (USD Billion)

47. U.K. Blockchain Distributed Ledger Market, By Industry, 2019-2032 (USD Billion)

48. U.K. Blockchain Distributed Ledger Market, By Type, 2019-2032 (USD Billion)

49. U.K. Blockchain Distributed Ledger Market, By Organization size, 2019-2032 (USD Billion)

50. Italy Blockchain Distributed Ledger Market, By Component, 2019-2032 (USD Billion)

51. Italy Blockchain Distributed Ledger Market, By Industry, 2019-2032 (USD Billion)

52. Italy Blockchain Distributed Ledger Market, By Type, 2019-2032 (USD Billion)

53. Italy Blockchain Distributed Ledger Market, By Organization size, 2019-2032 (USD Billion)

54. Spain Blockchain Distributed Ledger Market, By Component, 2019-2032 (USD Billion)

55. Spain Blockchain Distributed Ledger Market, By Industry, 2019-2032 (USD Billion)

56. Spain Blockchain Distributed Ledger Market, By Type, 2019-2032 (USD Billion)

57. Spain Blockchain Distributed Ledger Market, By Organization size, 2019-2032 (USD Billion)

58. Asia Pacific Blockchain Distributed Ledger Market, By Component, 2019-2032 (USD Billion)

59. Asia Pacific Blockchain Distributed Ledger Market, By Industry, 2019-2032 (USD Billion)

60. Asia Pacific Blockchain Distributed Ledger Market, By Type, 2019-2032 (USD Billion)

61. Asia Pacific Blockchain Distributed Ledger Market, By Organization size, 2019-2032 (USD Billion)

62. Japan Blockchain Distributed Ledger Market, By Component, 2019-2032 (USD Billion)

63. Japan Blockchain Distributed Ledger Market, By Industry, 2019-2032 (USD Billion)

64. Japan Blockchain Distributed Ledger Market, By Type, 2019-2032 (USD Billion)

65. Japan Blockchain Distributed Ledger Market, By Organization size, 2019-2032 (USD Billion)

66. China Blockchain Distributed Ledger Market, By Component, 2019-2032 (USD Billion)

67. China Blockchain Distributed Ledger Market, By Industry, 2019-2032 (USD Billion)

68. China Blockchain Distributed Ledger Market, By Type, 2019-2032 (USD Billion)

69. China Blockchain Distributed Ledger Market, By Organization size, 2019-2032 (USD Billion)

70. India Blockchain Distributed Ledger Market, By Component, 2019-2032 (USD Billion)

71. India Blockchain Distributed Ledger Market, By Industry, 2019-2032 (USD Billion)

72. India Blockchain Distributed Ledger Market, By Type, 2019-2032 (USD Billion)

73. India Blockchain Distributed Ledger Market, By Organization size, 2019-2032 (USD Billion)

74. South America Blockchain Distributed Ledger Market, By Component, 2019-2032 (USD Billion)

75. South America Blockchain Distributed Ledger Market, By Industry, 2019-2032 (USD Billion)

76. South America Blockchain Distributed Ledger Market, By Type, 2019-2032 (USD Billion)

77. South America Blockchain Distributed Ledger Market, By Organization size, 2019-2032 (USD Billion)

78. Brazil Blockchain Distributed Ledger Market, By Component, 2019-2032 (USD Billion)

79. Brazil Blockchain Distributed Ledger Market, By Industry, 2019-2032 (USD Billion)

80. Brazil Blockchain Distributed Ledger Market, By Type, 2019-2032 (USD Billion)

81. Brazil Blockchain Distributed Ledger Market, By Organization size, 2019-2032 (USD Billion)

82. Middle East and Africa Blockchain Distributed Ledger Market, By Component, 2019-2032 (USD Billion)

83. Middle East and Africa Blockchain Distributed Ledger Market, By Industry, 2019-2032 (USD Billion)

84. Middle East and Africa Blockchain Distributed Ledger Market, By Type, 2019-2032 (USD Billion)

85. Middle East and Africa Blockchain Distributed Ledger Market, By Organization size, 2019-2032 (USD Billion)

86. UAE Blockchain Distributed Ledger Market, By Component, 2019-2032 (USD Billion)

87. UAE Blockchain Distributed Ledger Market, By Industry, 2019-2032 (USD Billion)

88. UAE Blockchain Distributed Ledger Market, By Type, 2019-2032 (USD Billion)

89. UAE Blockchain Distributed Ledger Market, By Organization size, 2019-2032 (USD Billion)

90. South Africa Blockchain Distributed Ledger Market, By Component, 2019-2032 (USD Billion)

91. South Africa Blockchain Distributed Ledger Market, By Industry, 2019-2032 (USD Billion)

92. South Africa Blockchain Distributed Ledger Market, By Type, 2019-2032 (USD Billion)

93. South Africa Blockchain Distributed Ledger Market, By Organization size, 2019-2032 (USD Billion)

List of Figures 

1. Global Blockchain Distributed Ledger Market Segmentation

2. Blockchain Distributed Ledger Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Blockchain Distributed Ledger Market Attractiveness Analysis by Component

9. Global Blockchain Distributed Ledger Market Attractiveness Analysis by Industry

10. Global Blockchain Distributed Ledger Market Attractiveness Analysis by Type

11. Global Blockchain Distributed Ledger Market Attractiveness Analysis by Organization size

12. Global Blockchain Distributed Ledger Market Attractiveness Analysis by Region

13. Global Blockchain Distributed Ledger Market: Dynamics

14. Global Blockchain Distributed Ledger Market Share by Component (2023 & 2032)

15. Global Blockchain Distributed Ledger Market Share by Industry (2023 & 2032)

16. Global Blockchain Distributed Ledger Market Share by Type (2023 & 2032)

17. Global Blockchain Distributed Ledger Market Share by Organization size (2023 & 2032)

18. Global Blockchain Distributed Ledger Market Share by Regions (2023 & 2032)

19. Global Blockchain Distributed Ledger Market Share by Company (2022)

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global blockchain distributed ledger market based on below-mentioned segments:

Global Blockchain Distributed Ledger Market by Component:

  • Platform
  • Services

Global Blockchain Distributed Ledger Market by Type:

  • Public
  • Private
  • Hybrid

Global Blockchain Distributed Ledger Market by Industry:

  • BFSI
  • Manufacturing
  • Retail & E-commerce
  • Transportation & Logistics
  • Others

Global Blockchain Distributed Ledger Market by Organization Size:

  • SMEs
  • Large Enterprises

Global Blockchain Distributed Ledger Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

Some Facts About The Brainy Insights

50%

Free Customization

300+

Fortune 500 Clients

1

Free Yearly Update On Purchase Of Multi/Corporate License

900+

Companies Served Till Date