North America blockchain market is expected to grow by 61.7% and reach $159.7 billion by 2030. This report consist industry trends and major growing factors.
North America blockchain market is expected to grow by 61.7% annually in the forecast period and reach $159.7 billion by 2030 driven by the increasing requirement for quicker transactions, growing need to simplify business processes and create business transparency and immutability, and the growing demand for blockchain technology in various industries to reduce operational cost.
The report “North America Blockchain Market 2020-2030 by Offering (Platform, Services), Type (Public, Private, Hybrid), Provider (Infrastructure, Middleware, Application), Industry Vertical, Application, Organization Size, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America blockchain market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate and forecast from 2020 till 2030 with 2019 as the base year (Year 2020 is not appropriate for research base due to the outbreak of COVID-19).
What's Inside a Bonafide Research`s industry report?
A Bonafide Research industry report provides in-depth market analysis, trends, competitive insights, and strategic recommendations to help businesses make informed decisions.
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify North America blockchain market in every aspect of the classification from perspectives of Offering, Type, Provider, Industry Vertical, Application, Organization Size, and Country.
Based on Offering, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Platform
• Services
o Technology Advisory and Consulting
o Deployment and Integration
o Support and Maintenance
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Based on Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Public Blockchain
• Consortium or Hybrid Blockchain
• Private or Permission Blockchain
Based on Provider, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Infrastructure and Protocol Providers
o Communication Solution
o Cloud Storage Solution
o Processing Solution
o Security Protocol Solution
• Middleware Providers
o Blockchain API
o Encryption Solution
o Other Software Glue
• Application and Solution Providers
o Financial Application
o Non-financial Application
Based on Application, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Smart Contracts
• Payment & Wallet
• Digital Identity
• Documentation
• Exchange
• Compliance & Risk Management
• Asset Tracking
• Other Applications
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Based on Industry Vertical, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Banking and Financial Services
• Government and Public Sector
• Healthcare and Medical
• Retail and E-commerce
• Transportation and Logistics
• Media and Entertainment
• Telecommunication and IT
• Fast Moving Consumer Goods (FMCG)
• Manufacturing
• Cryptocurrency
• Legal
• Oil, Gas, and Mining
• Energy & Utilities
• Education
• Other Industries
Based on Organization Size, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Large Enterprises
• Small- and Medium-sized Enterprises (SMEs)
Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of key national markets by Blockchain Type, Provider, and Application over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Players (this may not be a complete list and extra companies can be added upon request):
Alphaphoint Corporation
Amazon
Bitfury Group
Blockchain North America Limited
BlockCypher, Inc.
BTL Group (Blockchain Tech Ltd.)
Chain Inc.
Digital Asset Holdings
Earthport
Factom Inc.
Huawei Investment & Holding Co., Ltd.
Hyperledger Consortium
IBM Corporation
Infosys
Microsoft Corp.
Oracle Corporation
R3
Ripple Labs Inc.
SAP SE
Tata Consultancy Services Ltd.
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
Table of Contents
1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 20
2.1.2 Impact of COVID-19 on the Market 22
2.2 Major Growth Drivers 24
2.3 Market Restraints and Challenges 28
2.4 Emerging Opportunities and Market Trends 31
2.5 Porter’s Fiver Forces Analysis 35
3 Segmentation of North America Market by Offering 39
3.1 Market Overview by Offering 39
3.2 Platform 41
3.3 Services 43
3.3.1 Technology Advisory and Consulting 44
3.3.2 Deployment and Integration 45
3.3.3 Support and Maintenance 46
4 Segmentation of North America Market by Blockchain Type 47
4.1 Market Overview by Blockchain Type 47
4.2 Public Blockchain 50
4.3 Consortium or Hybrid Blockchain 51
4.4 Private or Permission Blockchain 52
5 Segmentation of North America Market by Provider 53
5.1 Market Overview by Provider 53
5.2 Infrastructure and Protocol Providers 55
5.2.1 Communication Solution 57
5.2.2 Cloud Storage Solution 58
5.2.3 Processing Solution 59
5.2.4 Security Protocol Solution 60
5.3 Middleware Providers 61
5.3.1 Blockchain API 62
5.3.2 Encryption Solution 63
5.3.3 Other Software Glue 64
5.4 Application and Solution Providers 65
5.4.1 Financial Application 66
5.4.2 Non-financial Application 67
6 Segmentation of North America Market by Application 68
6.1 Market Overview by Application 68
6.2 Smart Contracts 70
6.3 Payment & Wallet 71
6.4 Digital Identity 72
6.5 Documentation 73
6.6 Exchange 74
6.7 Compliance & Risk Management 75
6.8 Asset Tracking 76
6.9 Other Applications 77
7 Segmentation of North America Market by Industry Vertical 78
7.1 Market Overview by Industry Vertical 78
7.2 Banking and Financial Services 80
7.3 Government and Public Sector 81
7.4 Healthcare and Medical 82
7.5 Retail and E-commerce 83
7.6 Transportation and Logistics 84
7.7 Media and Entertainment 85
7.8 Telecommunication and IT 86
7.9 Fast Moving Consumer Goods (FMCG) 87
7.10 Manufacturing 88
7.11 Cryptocurrency 89
7.12 Legal 90
7.13 Oil, Gas, and Mining 91
7.14 Energy & Utilities 92
7.15 Education 93
7.16 Other Industries 94
8 Segmentation of North America Market by Organization Size 95
8.1 Market Overview by Organization Size 95
8.2 Large Enterprises 97
8.3 Small and Medium Enterprises (SMEs) 98
9 North America Market 2019-2030 by Country 99
9.1 Overview of North America Market 99
9.2 U.S. 102
9.3 Canada 105
9.4 Mexico 107
10 Competitive Landscape 109
10.1 Overview of Key Vendors 109
10.2 New Product Launch, Partnership, Investment, and M&A 112
10.3 Company Profiles 117
Alphaphoint Corporation 117
Amazon 119
Bitfury Group 120
Blockchain Global Limited 121
BlockCypher, Inc. 122
BTL Group (Blockchain Tech Ltd.) 123
Chain Inc. 124
Digital Asset Holdings 125
Earthport 126
Factom Inc. 127
Huawei Investment & Holding Co., Ltd. 128
Hyperledger Consortium 129
IBM Corporation 130
Infosys 131
Microsoft Corp. 132
Oracle Corporation 133
R3 134
Ripple Labs Inc. 135
SAP SE 136
Tata Consultancy Services Ltd. 137
RELATED REPORTS 138
List of Tables:
Table 1. Snapshot of North America Blockchain Market in Balanced Perspective, 2019-2030 17
Table 2. Growth Rate of World GDP, 2020-2022 21
Table 3. World Cryptocurrency Mining Market, 2019-2030, $ mn 26
Table 4. Main Product Trends and Market Opportunities in North America Blockchain Market 31
Table 5. North America Blockchain Market by Offering, 2019-2030, $ mn 39
Table 6. Comparison of Current Blockchain Platforms 42
Table 7. North America Blockchain Market: Services by Type, 2019-2030, $ mn 43
Table 8. Comparison of Various Blockchain Types 47
Table 9. North America Blockchain Market by Blockchain Type, 2019-2030, $ mn 48
Table 10. North America Blockchain Market by Provider, 2019-2030, $ mn 53
Table 11. North America Blockchain Market: Infrastructure and Protocol Providers by Solution Type, 2019-2030, $ mn 56
Table 12. North America Blockchain Market: Middleware Providers by Solution Type, 2019-2030, $ mn 61
Table 13. North America Blockchain Market: Application and Solution Providers by Solution Type, 2019-2030, $ mn 65
Table 14. North America Blockchain Market by Application, 2019-2030, $ mn 68
Table 15. North America Blockchain Market by Industry Vertical, 2019-2030, $ mn 78
Table 16. North America Blockchain Market by Organization Size, 2019-2030, $ mn 95
Table 17. North America Blockchain Market by Country, 2019-2030, $ mn 100
Table 18. U.S. Blockchain Market by Blockchain Type, 2019-2030, $ mn 104
Table 19. U.S. Blockchain Market by Provider, 2019-2030, $ mn 104
Table 20. U.S. Blockchain Market by Application, 2019-2030, $ mn 104
Table 21. Canada Blockchain Market by Blockchain Type, 2019-2030, $ mn 106
Table 22. Canada Blockchain Market by Provider, 2019-2030, $ mn 106
Table 23. Canada Blockchain Market by Application, 2019-2030, $ mn 106
Table 24. Mexico Blockchain Market by Blockchain Type, 2019-2030, $ mn 108
Table 25. Mexico Blockchain Market by Provider, 2019-2030, $ mn 108
Table 26. Mexico Blockchain Market by Application, 2019-2030, $ mn 108
Table 27. Recent News about Product Launches and Developments 112
Table 28. Recent News about Collaborations and Partnerships 114
Table 29. Recent News about Acquisitions and Expansions 116
Table 30. Alphaphoint Corporation: Company Snapshot 117
Table 31. Alphaphoint Corporation: Business Segmentation 117
Table 32. Alphaphoint Corporation: Product Portfolio 118
Table 33. Alphaphoint Corporation: Revenue, 2018-2020, $ mn 118
List of Figures:
Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030 16
Figure 4. North America Blockchain Market, 2019-2030, $ mn 19
Figure 5. Impact of COVID-19 on Business 22
Figure 6. Primary Drivers and Impact Factors of North America Blockchain Market 24
Figure 7. World Industrial IoT Market, 2019-2030, $ mn 27
Figure 8. World 5G Technology Market, 2019-2030, $ bn 27
Figure 9. Primary Restraints and Impact Factors of North America Blockchain Market 28
Figure 10. Investment Opportunity Analysis 32
Figure 11. Porter’s Fiver Forces Analysis of North America Blockchain Market 35
Figure 12. Breakdown of North America Blockchain Market by Offering, 2019-2030, % of Revenue 40
Figure 13. North America Addressable Market Cap in 2021-2030 by Offering, Value ($ mn) and Share (%) 40
Figure 14. North America Blockchain Market: Platform, 2019-2030, $ mn 41
Figure 15. North America Blockchain Market: Services, 2019-2030, $ mn 43
Figure 16. North America Blockchain Market: Technology Advisory and Consulting, 2019-2030, $ mn 44
Figure 17. North America Blockchain Market: Deployment and Integration, 2019-2030, $ mn 45
Figure 18. North America Blockchain Market: Support and Maintenance, 2019-2030, $ mn 46
Figure 19. Breakdown of North America Blockchain Market by Blockchain Type, 2019-2030, % of Sales Revenue 48
Figure 20. North America Addressable Market Cap in 2021-2030 by Blockchain Type, Value ($ mn) and Share (%) 49
Figure 21. North America Blockchain Market: Public Blockchain, 2019-2030, $ mn 50
Figure 22. North America Blockchain Market: Consortium or Hybrid Blockchain, 2019-2030, $ mn 51
Figure 23. North America Blockchain Market: Private or Permission Blockchain, 2019-2030, $ mn 52
Figure 24. Breakdown of North America Blockchain Market by Provider, 2019-2030, % of Sales Revenue 54
Figure 25. North America Addressable Market Cap in 2021-2030 by Provider, Value ($ mn) and Share (%) 54
Figure 26. North America Blockchain Market: Infrastructure and Protocol Providers, 2019-2030, $ mn 55
Figure 27. North America Blockchain Market: Communication Solution, 2019-2030, $ mn 57
Figure 28. North America Blockchain Market: Cloud Storage Solution, 2019-2030, $ mn 58
Figure 29. North America Blockchain Market: Processing Solution, 2019-2030, $ mn 59
Figure 30. North America Blockchain Market: Security Protocol Solution, 2019-2030, $ mn 60
Figure 31. North America Blockchain Market: Middleware Providers, 2019-2030, $ mn 61
Figure 32. North America Blockchain Market: Blockchain API, 2019-2030, $ mn 62
Figure 33. North America Blockchain Market: Encryption Solution, 2019-2030, $ mn 63
Figure 34. North America Blockchain Market: Other Software Glue, 2019-2030, $ mn 64
Figure 35. North America Blockchain Market: Application and Solution Providers, 2019-2030, $ mn 65
Figure 36. North America Blockchain Market: Financial Application, 2019-2030, $ mn 66
Figure 37. North America Blockchain Market: Non-financial Application, 2019-2030, $ mn 67
Figure 38. Breakdown of North America Blockchain Market by Application, 2019-2030, % of Revenue 69
Figure 39. North America Addressable Market Cap in 2021-2030 by Application, Value ($ mn) and Share (%) 69
Figure 40. North America Blockchain Market: Smart Contracts, 2019-2030, $ mn 70
Figure 41. North America Blockchain Market: Payment & Wallet, 2019-2030, $ mn 71
Figure 42. North America Blockchain Market: Digital Identity, 2019-2030, $ mn 72
Figure 43. North America Blockchain Market: Documentation, 2019-2030, $ mn 73
Figure 44. North America Blockchain Market: Exchange, 2019-2030, $ mn 74
Figure 45. North America Blockchain Market: Compliance & Risk Management, 2019-2030, $ mn 75
Figure 46. North America Blockchain Market: Asset Tracking, 2019-2030, $ mn 76
Figure 47. North America Blockchain Market: Other Applications, 2019-2030, $ mn 77
Figure 48. Breakdown of North America Blockchain Market by Industry Vertical, 2019-2030, % of Revenue 79
Figure 49. North America Addressable Market Cap in 2021-2030 by Industry Vertical, Value ($ mn) and Share (%) 79
Figure 50. North America Blockchain Market: Banking and Financial Services, 2019-2030, $ mn 80
Figure 51. North America Blockchain Market: Government and Public Sector, 2019-2030, $ mn 81
Figure 52. North America Blockchain Market: Healthcare and Medical, 2019-2030, $ mn 82
Figure 53. North America Blockchain Market: Retail and E-commerce, 2019-2030, $ mn 83
Figure 54. North America Blockchain Market: Transportation and Logistics, 2019-2030, $ mn 84
Figure 55. North America Blockchain Market: Media and Entertainment, 2019-2030, $ mn 85
Figure 56. North America Blockchain Market: Telecommunication and IT, 2019-2030, $ mn 86
Figure 57. North America Blockchain Market: Fast Moving Consumer Goods (FMCG), 2019-2030, $ mn 87
Figure 58. North America Blockchain Market: Manufacturing, 2019-2030, $ mn 88
Figure 59. North America Blockchain Market: Cryptocurrency, 2019-2030, $ mn 89
Figure 60. North America Blockchain Market: Legal, 2019-2030, $ mn 90
Figure 61. North America Blockchain Market: Oil, Gas, and Mining, 2019-2030, $ mn 91
Figure 62. North America Blockchain Market: Energy & Utilities, 2019-2030, $ mn 92
Figure 63. North America Blockchain Market: Education, 2019-2030, $ mn 93
Figure 64. North America Blockchain Market: Other Industries, 2019-2030, $ mn 94
Figure 65. Breakdown of North America Blockchain Market by Organization Size, 2019-2030, % of Revenue 95
Figure 66. North America Addressable Market Cap in 2021-2030 by Organization Size, Value ($ mn) and Share (%) 96
Figure 67. North America Blockchain Market: Large Enterprises, 2019-2030, $ mn 97
Figure 68. North America Blockchain Market: Small and Medium Enterprises (SMEs), 2019-2030, $ mn 98
Figure 69. Breakdown of North America Blockchain Market by Country, 2019 and 2030, % of Revenue 100
Figure 70. Contribution to North America 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 101
Figure 71. U.S. Blockchain Market, 2019-2030, $ mn 103
Figure 72. Canada Blockchain Market, 2019-2030, $ mn 105
Figure 73. Blockchain Market in Mexico, 2015-2030F, $ mn 107
Figure 74. Growth Stage of North America Blockchain Industry over the Forecast Period 109
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