Global Blockchain Market Trends

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Global Blockchain Market Size, Share, and Trends Analysis Report Trends

  • ICT
  • Upcoming Report
  • Oct 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
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“Increasing Adoption of Decentralized Finance (DeFi)”

One significant trend driving growth in the blockchain market is the increasing adoption of Decentralized Finance (DeFi) platforms. DeFi leverages blockchain technology to recreate traditional financial systems—such as lending, borrowing, and trading—without intermediaries. This shift empowers users to maintain control over their assets and reduces reliance on centralized institutions. For instance, In February 2023, Wipro Limited has launched the Decentralized Identity and Credential Exchange (DICE) ID, a pioneering solution that empowers users to control their personal data. This innovative platform facilitates quicker, safer, and more efficient sharing of private information online. By decentralizing identity management, DICE ID enhances user privacy and security, while also addressing growing concerns about data breaches and unauthorized access to sensitive information.

Frequently Asked Questions

The market is segmented based on Segmentation, By Component (Platform and Services), Provider (Application and Solution Providers, Middleware Providers, and Infrastructure Providers), Type (Private, Public, Hybrid, and Consortium), Organization Size (Small and Medium-Sized Enterprises and Large Enterprises), Development (Proof Of Concept, Pilot, and Production), Application (Real Estate and Construction, Agriculture and Food, Manufacturing, Energy and Utilities, Documentation, IT and Telecom, Insurance, E-Commerce, Consumer Goods, and others), End User (Transportation and Logistics, Retail and E-commerce, Media, Advertising and Entertainment, Travel, Health care and Life Science, Banking and Financial Service (BFSI), and Government) – Industry Trends and Forecast to 2031 .
The Global Blockchain Market size was valued at USD 17.23 USD Billion in 2023.
The Global Blockchain Market is projected to grow at a CAGR of 71.96% during the forecast period of 2024 to 2031.
The major players operating in the market include , IBM , Microsoft , SAP SE , Oracle , Digital Asset Holdings LLC , CONSENSYS , Huawei Cloud Computing Technologies Co. , Factom , Stratis Group , Intel Corporation , Symbiont , Guardtime , AlphaPoint. , NTT DATA Americas , Ripple , SoluLab , Chainalysis , Cision US , Riot Platforms , Bitfarms Ltd ,.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

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