Europe Blockchain Technology Market Size & Outlook
Europe blockchain technology market, 2017-2030 (US$M)
Related Markets
Europe blockchain technology market highlights
- The Europe blockchain technology market generated a revenue of USD 2,948.5 million in 2022.
- The market is expected to grow at a CAGR of 85.4% 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, UK is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 2,948.5 million |
| Market revenue in 2030 | USD 412,282.2 million |
| Growth rate | 85.4% (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, Europe region accounted for 29.4% 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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Europe 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 61.39% in 2022. Horizon Databook has segmented the Europe blockchain technology market based on public cloud, private cloud, hybrid cloud covering the revenue growth of each sub-segment from 2017 to 2030.
The U.K. health services have started using blockchain technology for monitoring the COVID-19 vaccine storage. For instance, in January 2021, the National Health Services of the U.K. announced that it would implement the internet of things solution built on distributed ledger network to monitor the COVID-19 vaccine supply.
Cryptocurrency is not considered as money or equivalent to fiat currency in the U.K., owing to which banks in the U.K. have not introduced a central bank digital currency. The European Union provides funding for blockchain innovation and research through its Horizon Program, AI & blockchain investment fund, and others.
Through Horizon 2020, a grant of USD 241.4 million was provided for blockchain projects during 2016-2020. The European Blockchain Partnership is a joint initiative of the EEA Member States and EU as well as the European Commission to create a common EU strategy on blockchain and develop a European blockchain infrastructure for public services.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe blockchain technology market , including forecasts for subscribers. This continent databook contains high-level insights into Europe blockchain technology market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe blockchain technology market size, by country, 2017-2030 (US$M)
Europe Blockchain Technology Market Outlook Share, 2022 & 2030 (US$M)
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