Middle East & Africa Blockchain Technology Market Size & Outlook
Middle East & Africa blockchain technology market, 2017-2030 (US$M)
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MEA blockchain technology market highlights
- The MEA blockchain technology market generated a revenue of USD 871.3 million in 2022.
- The market is expected to grow at a CAGR of 87.2% 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, UAE is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 871.3 million |
| Market revenue in 2030 | USD 131,415.0 million |
| Growth rate | 87.2% (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, MEA region accounted for 8.7% 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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Middle East & Africa 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 60.75% in 2022. Horizon Databook has segmented the Middle East & Africa blockchain technology market based on public cloud, private cloud, hybrid cloud covering the revenue growth of each sub-segment from 2017 to 2030.
Cryptocurrency is being used in the UAE for making payments in real estate. For instance, in January 2020, Huobi, a provider of digital asset exchange, announced its partnership with Dubai-based Fam Properties to offer its investors secured crypto payment options. Oil & gas companies are implementing blockchain technologies in their systems for enhancing their services.
For instance, in October 2018, The Abu Dhabi National Oil Company announced its collaboration with IBM for piloting a blockchain-based automated system to monitor oil & gas production across the value chain.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa blockchain technology market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa blockchain technology market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA blockchain technology market size, by country, 2017-2030 (US$M)
Middle East & Africa Blockchain Technology Market Outlook Share, 2022 & 2030 (US$M)
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