Asia Pacific Blockchain Technology Market Size & Outlook
Asia Pacific blockchain technology market, 2017-2030 (US$M)
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Asia Pacific blockchain technology market highlights
- The Asia Pacific blockchain technology market generated a revenue of USD 1,930.9 million in 2022.
- The market is expected to grow at a CAGR of 87.6% from 2023 to 2030.
- In terms of segment, public cloud was the largest revenue generating type in 2022.
- Public Cloud is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 1,930.9 million |
| Market revenue in 2030 | USD 296,614.2 million |
| Growth rate | 87.6% (CAGR from 2022 to 2030) |
| Largest segment | Public cloud |
| Fastest growing segment | Public Cloud |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Public Cloud, Private Cloud, Hybrid Cloud |
| Key market players worldwide | International Business Machines Corp, Microsoft Corp, The Linux Foundation, Deloitte, Global Arena Holding Inc, Ripple India |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 19.3% of the global blockchain technology market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 296,614.2 million by 2030.
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Blockchain Technology Market Scope
Blockchain Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific blockchain technology market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to blockchain technology market will help companies and investors design strategic landscapes.
Public cloud was the largest segment with a revenue share of 60.7% in 2022. Horizon Databook has segmented the Asia Pacific blockchain technology market based on public cloud, private cloud, hybrid cloud covering the revenue growth of each sub-segment from 2017 to 2030.
Cryptocurrency has been regulated in APAC countries such as Singapore, Hong Kong, Japan, Thailand, and Malaysia. In November 2018, the Securities and Futures Commission of Hong Kong revealed its framework for licensing crypto exchange.
Japan is expected to have a blockchain-based stock exchange by 2022. In January 2021, SBI Holdings announced its partnership with Sumitomo Mitsui Financial Group to launch a digital stock exchange, which would enable investors to use blockchain technology for trading digitally.
In 2018, the government of Japan introduced a sandbox regime to fuel the introduction of innovative technologies such as blockchain, IoT, and artificial intelligence in transportation, healthcare, and financial services. The use of blockchain among hospitals is growing in Asia Pacific.
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Our clientele includes a mix of blockchain technology market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific blockchain technology market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific blockchain technology market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific blockchain technology market size, by country, 2017-2030 (US$M)
Asia Pacific Blockchain Technology Market Outlook Share, 2022 & 2030 (US$M)
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