Latin America Blockchain Technology Market Size & Outlook
Latin America blockchain technology market, 2017-2030 (US$M)
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Latin America blockchain technology market highlights
- The Latin America blockchain technology market generated a revenue of USD 481.7 million in 2022.
- The market is expected to grow at a CAGR of 86.7% 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 481.7 million |
| Market revenue in 2030 | USD 71,147.3 million |
| Growth rate | 86.7% (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, Latin America region accounted for 4.8% 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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Latin America 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 60.66% in 2022. Horizon Databook has segmented the Latin America blockchain technology market based on public cloud, private cloud, hybrid cloud covering the revenue growth of each sub-segment from 2017 to 2030.
Brazil is making efforts to use a blockchain technology-based system called National Health Data Network for tracking COVID-19 vaccinations. The lack of regulations for cryptocurrency in Brazil has led a number of startups, such as Acessso Bitcoin, Latoex, and Xdex, to shut down their operations in the country owing to several challenges faced by them while working in an unregulated market.
However, in April 2020, the government of Brazil announced that cryptocurrency exchanges would soon be regulated under the code 6619-3/99, which will help address many of these challenges. In September 2020, JBS, a meatpacker in Brazil, announced its plan to combat destruction in Amazon by monitoring its supply chain for deforestation by 2025.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America blockchain technology market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America blockchain technology market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America blockchain technology market size, by country, 2017-2030 (US$M)
Latin America Blockchain Technology Market Outlook Share, 2022 & 2030 (US$M)
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