The global blockchain technology market is projected to reach USD 1,431.54 billion by 2030, growing at a compound annual growth rate (CAGR) of 90.1% from 2025 to 2030, according to a new report by Grand View Research, Inc. This rapid market growth is primarily driven by the increasing digital transformation in the banking, financial services, and insurance (BFSI) sector. Additionally, the rising adoption of contactless blockchain digital ticketing across various events is expected to further boost the market's expansion.

A key factor contributing to the market's growth is the rising global use of cryptocurrencies. Since cryptocurrencies such as Bitcoin and Ethereum operate on blockchain technology, their growing popularity is anticipated to drive demand for blockchain solutions. The appeal of cryptocurrencies is fueled by benefits like simplified transactions, protection against inflation, and enhanced security. As reported by TripleA, a cryptocurrency solution provider, over 300 million people worldwide were using or owning cryptocurrency in 2021.

In June 2023, QuickNode joined forces with Chainlink Labs to support the expansion of blockchain ecosystems. Their collaborative efforts focus on providing a strong and secure infrastructure to ensure the seamless scalability of blockchain projects. As part of this partnership, QuickNode also sponsored the Chainlink Spring 2023 Hackathon, a strategic initiative aimed at empowering Web3 developers by enhancing their skills and enabling the efficient use of blockchain infrastructure.

The COVID-19 pandemic has also had a positive effect on blockchain market growth. With the surge in online sales during the pandemic, there has been an increased demand for blockchain technology, especially among e-commerce companies. These companies are leveraging blockchain for better supply chain management, further driving market demand.

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Blockchain Technology Market Report Highlights

• The public cloud segment led the market in 2024, accounting for more than 61.5% of the global revenue. Public cloud providers offer scalable and cost-efficient infrastructure for deploying blockchain solutions.

• The infrastructure and protocols segment dominated in 2024, driven by the growing demand for standardized blockchain protocols.

• The payments segment also held a significant share in 2024, with the increasing demand for customizable and scalable blockchain infrastructure solutions across various industries.

• The large enterprises segment was the largest revenue contributor in 2024. Large companies in sectors such as insurance, financial services, healthcare, and supply chain are increasingly adopting blockchain to digitize their services, creating substantial demand for the technology.

• The financial services sector was a key driver in 2024, as blockchain technology continues to play a crucial role in managing financial transactions across businesses.

• North America led the blockchain technology market in 2024, accounting for over 37.4% of the global revenue.

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• Financial Auditing Professional Services Market: The global financial auditing professional services market size was valued at USD 160.68 billion in 2024 and is expected to grow at a CAGR of 6.2% from 2025 to 2030. 

• Intelligent Infrastructure Monitoring Market: The global intelligent infrastructure monitoring market size was estimated at USD 4.29 billion in 2024 and is expected to grow at a CAGR of 15.3% from 2025 to 2030.

Blockchain Technology Market Segmentation

Grand View Research has segmented the global blockchain technology market based on type, component, offering, application, enterprise size, end-use, and region:

Blockchain Technology Type Outlook (Revenue, USD Million, 2018 - 2030)

• Public Cloud

• Private Cloud

• Hybrid Cloud

Blockchain Technology Component Outlook (Revenue, USD Million, 2018 - 2030)

• Application & Solution

• Infrastructure & Protocols

• Middleware

Blockchain Technology Offering Outlook (Revenue, USD Million, 2018 - 2030)

• Platform

• Services

Blockchain Technology Application Outlook (Revenue, USD Million, 2018 - 2030)

• Digital Identity

• Exchanges

• Payments

• Smart Contracts

• Supply Chain Management

• Others

Blockchain Technology Enterprise Size Outlook (Revenue, USD Million, 2018 - 2030)

• Large Enterprises

• Small & Medium Enterprises

Blockchain Technology End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Banking & Financial Services

• Government

• Healthcare

• Media & Entertainment

• Retail & eCommerce

• Transportation & Logistics

• Travel

• Manufacturing

• IT & Telecom

• Real Estate & Construction

• Energy & Utilities

• Others

Blockchain Technology Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o UK

o Germany

o France

• Asia Pacific

o China

o Japan

o Australia

o India

o South Korea

• Latin America

o Brazil

• Middle East & Africa

o Kingdom of Saudi Arabia (KSA)

o UAE

o South Africa

List of Key Players in the Blockchain Technology Market

• IBM Corporation

• Microsoft Corporation

• The Linux Foundation

• Blockchain Tech LTD

• Chain

• Circle Internet Financial, LLC

• Deloitte Touche Tohmatsu Limited

• Digital Asset Holdings, LLC

• Global Arena Holding, Inc. (GAHC)

• Monax Labs

• Ripple

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