The global Web 3.0 blockchain market size was USD 1.73 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 47.1% from 2023 to 2030.The growth can be attributed to the rising demand for data privacy through the decentralized identity of Web 3.0 and the technological advancements in the internet. The rapid rise in the popularity of digital assets such as cryptocurrencies, along with the deployment of the 5G and 6G technologies, is further expected to contribute to the growth.
Read More »September 27, 2022
Grand View Research’s blockchain-oriented services industry databook is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.
Read More »February 1, 2023
The global blockchain in retail banking market size was valued at USD 0.64 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 83.9% from 2022 to 2030. The ability of blockchain to eliminate intermediaries and enhance trust and data handling capabilities for retail banks is driving the industry's growth. Many retail banks are developing digital business models and offering data-based services to their millions of customers.
Read More »November 1, 2022
The global blockchain in energy market size was valued at USD 0.69 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 71.1% from 2023 to 2030. The blockchain in energy market growth can be attributed to the increasing adoption of blockchain technology to prevent failure in various power grid applications in the energy sector.
Read More »December 28, 2023
The global Web 3.0 market size was valued at USD 2.25 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 49.3% from 2024 to 2030.The Web 3.0 industry is poised for significant growth, driven by several key factors such as increasing need for data privacy facilitated by the decentralized identity of Web 3.0 and advancements in internet technology.
Read More »January 9, 2024
The global blockchain technology in healthcare market size was estimated at USD 7.04 billion in 2023 and is expected to grow at a CAGR of 63.3% from 2024 to 2030. The increasing need for secure and transparent data management systems has made blockchain attractive for healthcare organizations. Blockchain's decentralized and immutable ledger ensures data integrity and reduces the risk of data breaches, which is crucial in handling sensitive patient information.
Read More »July 9, 2024
The global blockchain in gaming market size was valued at USD 4.83 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 68.3% from 2023 to 2030. Blockchain technology is a digital ledger that is decentralized and distributed, enabling secure transactions and the maintenance of records. It has revolutionized the gaming experience for businesses and players, allowing them to use cryptocurrencies and Non-fungible Tokens (NFTs) to purchase in-game assets.
Read More »March 21, 2023
Blockchain procurement has emerged as a pivotal thread in the fabric of cost reduction, increased transparency, improved security and automation. The global market is expected to grow at a CAGR of 87.7% from 2024 to 2030. Data traceability and transparency, trust and accountability, decentralization, and immutability are driving the market growth.
Read More »June 26, 2023
The global blockchain messaging apps market size reached a valuation of USD 22.3 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 43.6% from 2022 to 2030. The growth of the market is attributed to its decentralized end-to-end encryption technology providing high security to the users. The blockchain messaging apps have no central server that stores text messages or as a relay between the sender or receiver, thus preventing interception or a record
Read More »December 20, 2022
The global blockchain technology market size was valued at USD 17.46 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 87.7% from 2023 to 2030. The escalating demand for secure and transparent transactions across many industries is driving the market growth. Blockchain's decentralized and immutable ledger system ensures the integrity and transparency of transactions, making it especially appealing to sectors such as finance, healthcare, and supply chain management.
Read More »September 14, 2023