Blockchain Technology Market Size, Share & Industry Analysis, By Component (Platform/Solution and Blockchain as a Service), By Type (Public, Private, Hybris, and Consortium), By Application (Digital Identity, Payments, Smart Contracts, Supply Chain Management, Internet of Things (IoT), and Others), By Deployment (Proof of Concept, Pilot, and Production), By Industry (BFSI, Energy & Utilities, Government, Healthcare and Life Sciences, Manufacturing, Telecom, Media & Entertainment, Retail & Consumer Goods, Travel and Transportation, and Others), and Regional Forecast, 2024-2032

In 2023, the market was valued at USD 17.57 billion.

The market is projected to grow at a CAGR of 52.8% during the forecast period.

By type, the private segment is expected to lead the market.

Rising identity and data theft incidents for digital ledger solutions are driving the market growth.

Accenture PLC, Amazon Web Services, Inc., Applied Blockchain Ltd., IBM Corporation, Intel Corporation, LeewayHeartz, Microsoft Corporation, Oracle Corporation, R3, and Tata Consultancy Services Limited are the top market players.

North America is expected to hold the largest market share.

Asia Pacific is expected to record a remarkable CAGR during the forecast period.