Blockchain-oriented services Industry Global Trends And Revenue Growth Up To 2030

Blockchain-oriented services Industry Data Book Covers Decentralized Finance, Blockchain Messaging Apps, Decentralized Identity, Non-fungible Token, Web 3.0 Blockchain Markets.

The global blockchain-oriented services industry generated over USD 29.09 billion in 2021 and is expected to grow at a CAGR of 41.3% over the forecast period.

Grand View Research’s blockchain-oriented services industry databook is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Decentralized Finance Market Insights

The global decentralized finance market size was valued at USD 13.61 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 46.0% from 2023 to 2030.

The blockchain technology segment dominated the global industry in 2022 and accounted for the largest share of more than 41.0% of the overall revenue. Blockchain technology can replace the existing decentralized business model foundations by lowering transaction costs, fostering distributed trust, and empowering decentralized platforms.

The data & analytics segment dominated the global industry in 2022 and accounted for the maximum share of more than 18.0% of the overall revenue. DeFi protocols offer significant benefits for decision-making and data analysis. Owing to DeFi protocols’ openness in data and network activity, DeFi protocols help in risk management and generate business opportunities. With the help of the capabilities offered by DeFi platforms, users can compare yield and liquidity and evaluate platform risks using various dashboards and tools.

Blockchain Messaging Apps Market Insights

The global blockchain messaging apps market size reached a valuation of USD 22.3 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 43.6% from 2022 to 2030. 

The message segment dominated the market in 2021 and accounted for a share of over 76.0% of the global revenue. The majority of the market players across the globe are rolling out blockchain messaging apps built to enhance the privacy and security of the texts interchanged on the messaging applications. For instance, in June 2022, Nansen, a blockchain analytics platform based in Singapore, announced the launch of messaging app based on Web3 known as Nansen Connect.

The business segment dominated the market in 2021 and accounted for a share of over 54.0% of the global revenue. The segment’s growth is attributed to the benefits offered by blockchain messaging apps, such as ease of use and decentralized communication, resulting in high-privacy communication for businesses.

Access the Global Blockchain-oriented services Industry Data Book, 2022 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competition benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Decentralized Identity Market Insights

The global decentralized identity market size was valued at USD 0.65 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 90.3% from 2023 to 2030.

The biometric segment dominated the market in 2022 and accounted for more than 64.0% share of the global revenue. The segment is expected to be driven by the growing demand from customers for secure onboarding, fraud prevention, and risk and compliance management. Furthermore, it is expected that decentralized identity systems might shift from non-biometric identities to biometric identities such as voice, hand, facial, and fingerprint recognition.

The enterprises segment dominated the market in 2022 and accounted for more than 65.0% share of the global revenue. The growing concern to reduce business risk is a significant factor driving the segment. Moreover, a decentralized identity framework enables enterprises to control users’ identities independently of the identity issuer. Furthermore, a decentralized identity eliminates the initial need for organizations to gather and store personal data.

The large enterprises segment dominated the market in 2022 with over 67.0% share. The demand for decentralized identity is rising among large enterprises as these enterprises are trying aggressively to avoid identity risk.

The BFSI segment dominated the market in 2022 and accounted for over 19.0% share of the global revenue. Banks are required to conduct KYC checks to confirm customers’ identities and ensure they are not involved in illegal activities, such as bribery or money laundering.

Non-fungible Token Market Insights

The global non-fungible token market size was valued at USD 20.44 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 34.2% from 2023 to 2030. 

The digital asset segment dominated the market in 2022 and accounted for more than 72.0% share of the global revenue. The increasing use of NFTs for securing ownership of digital assets by artists worldwide is expected to drive the segment growth.

The collectibles segment dominated the market in 2022 and accounted for more than 53.0% share of the global revenue. Crypto collectibles are NFT tokens that can be minted in NFT marketplaces. The high demand for crypto collectibles can be attributed to their benefits such as independence and ease in handling assets.

The personal segment dominated the non-fungible token (NFT) market in 2022 and accounted for more than 61.0% share of the global revenue. The growing spending on digital assets worldwide is one of the major factors driving the segment growth. According to CryptoSlam, an internet publishing company, in February 2021, people spent over USD 1 billion on digital assets.

Web 3.0 Blockchain Market Insights

The global Web 3.0 blockchain market size was USD 1.73 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 47.1% from 2023 to 2030.

The public segment dominated the market in 2022 and accounted for more than 56.0% share of the global revenue. The ability of the public blockchain networks to allow users worldwide to participate in the network without any restrictions is a major factor driving the segment’s growth.

The cryptocurrency segment dominated the market in 2022 and accounted for more than 25.0% share of the global revenue. Rapid advancements in technological innovation, including digitization and automation, have led to the growing demand for high-performance cryptocurrency transaction services among enterprises.

The BFSI segment dominated the market in 2022 and accounted for more than 35.0% share of the global revenue. The increasing demand for Web 3.0 blockchain for scalability, better transaction speed, and reduced processing costs in the banking and finance sector is a major factor driving the segment growth. 

Blockchain-oriented services Market – Global Industry Segmentation

Blockchain-oriented services Industry, By Type

• Decentralized Finance (DeFi)
  1. Component Type
     1. Blockchain Technology
     2. Decentralized Applications (dApps)
     3. Smart Contracts
• Blockchain Messaging Apps Market
  1. Operating System Type
     1. iOS
     2. Android
     3. Others
• Decentralized Identity
  1. Identity Type
     1. Non-biometrics
     2. Biometrics
  2. Enterprise Size Type
     1. Large Enterprises
     2. Small & Medium Sized Enterprises (SMEs)
• NFT
  1. Type
     1. Physical Asset
     2. Digital Asset
• Web 3.0
  1. Blockchain Type
     1. Public
     2. Private
     3. Consortium
     4. Hybrid 

Blockchain-oriented services Industry, By Application

• Decentralized Finance (DeFi)
  1. Assets Tokenization
  2. Compliance & Identity
  3. Marketplaces & Liquidity
  4. Payments
  5. Data & Analytics
  6. Decentralized Exchange
  7. Prediction Industry
  8. Stablecoins
  9. Others
• Blockchain Messaging Apps Market
  1. Payment
  2. Message
• NFT
  1. Collectibles
     1. Video Clip
     2. Audio Clip
     3. Gamification
     4. Others
  2. Art
     1. Pixel Art
     2. Fractal/Algorithmic Art
     3. Computer Generated Painting
     4. 2D/3D Painting
     5. 2D/3D Computer Graphics
     6. GIFs
     7. Others
  3. Gaming
     1. Trading Card Game (TCG)
     2. Video Game
     3. Strategy Role Playing Game (RPG)
     4. Others
  4. Utilities
     1. Tickets
     2. Domain Names
     3. Assets Ownership
  5. Metaverse
  6. Sports
  7. Others
• Web 3.0
  1. Cryptocurrency
  2. Conversational AI
  3. Data & Transaction Storage
  4. Payments
  5. Smart Contract
  6. Others 

Blockchain-oriented services Industry, By End User

• Blockchain Messaging Apps Market
  1. Individuals
  2. Businesses
• Decentralized Identity
  1. Enterprises
  2. Individual
• NFT
  1. Personal
  2. Commercial

 Blockchain-oriented services Industry, By Industry

• Decentralized Identity
  1. BFSI
  2. Government
  3. Healthcare and life sciences
  4. Telecom and IT
  5. Retail & E-Commerce
  6. Transport and Logistics
  7. Real Estate
  8. Media and Entertainment
  9. Travel and Hospitality
  10. Others
• Web 3.0
  1. BFSI
  2. Retail & E-commerce
  3. Media & Entertainment
  4. Pharmaceuticals
  5. IT & Telecom
  6. Others 

Order your copy of the Free Sample of “Blockchain-oriented services Industry Data Book – Decentralized Finance, Blockchain Messaging Apps, Decentralized Identity, Non-fungible Token, Web 3.0 Blockchain Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Blockchain-oriented services Industry Data Book Regional Outlook

• North America

1. U.S.
2. Canada

• Europe

1. U.K.
2. Germany
3. France
4. Italy
5. Spain

• Asia Pacific

1. China
2. Japan
3. India
4. South Korea
5. Australia

• Latin America

1. Brazil
2. Mexico

• Middle East & Africa (MEA)

Blockchain-oriented services Industry Data Book Competitive Landscape

The key players in the market are focused on strategies, such as mergers & acquisitions, partnerships, and collaboration to strengthen their market position.

Key players operating in the blockchain-oriented services industry are –

• Compound Labs, Inc.
• MakerDAO
• Aave
• Signal
• Cyber Dust
• Crypviser
• Microsoft Corporation
• Accenture plc

Go through the table of content of Blockchain-oriented services Industry Data Book to get a better understanding of the Coverage & Scope of the study

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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