According to Fortune Business Insights, The global blockchain technology market in 2026 size was valued at USD 20.16 billion in 2024. The market is projected to grow from USD 31.18 billion in 2025 to USD 393.42 billion by 2032, exhibiting a CAGR of 43.65% during the forecast period.
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https://www.fortunebusinessinsights.com/industry-reports/blockchain-market-100072
The blockchain market according to Fortune Business Insights is segmented by component, type, application, and industry, reflecting how blockchain solutions are tailored to diverse enterprise needs in 2026. By component, the blockchain market includes platform/solution and blockchain as a service (BaaS), with BaaS capturing a large share due to cloud-based deployments and provider partnerships that simplify integration for businesses. Under type, the blockchain market is categorized into public, private, hybrid, and consortium blockchains, with private blockchain widely adopted by enterprises seeking controlled access and enhanced security. In terms of application, the blockchain market spans digital identity, payments, smart contracts, IoT, supply chain management, and others, where payments and digital identity solutions lead adoption as organizations pursue transparency and efficiency. By industry, the blockchain market serves BFSI, energy & utilities, government, healthcare and life sciences, manufacturing, telecom, media & entertainment, retail, logistics & transportation, and others, with BFSI holding the largest share due to early use cases in secure transactions and fraud prevention. Together, these segments highlight how the blockchain market addresses evolving enterprise, technology, and use-case demands.
Major participants driving the blockchain market include:
Wipro Limited
Accenture plc
Infosys Limited
IBM Corporation
Oracle Corporation
Tech Mahindra Limited
Tata Consultancy Service Limited
Toshiba Digital Solutions
Consensys
LeewayHertz
NTT
Ripple
The global blockchain market is poised for significant expansion through 2026 and beyond as digital transformation accelerates across industries. In 2024, the blockchain market was valued at USD 20.16 billion, with projections indicating growth to around USD 31.18 billion in 2025 and continued strong momentum into 2026 as enterprises increase investments in decentralized solutions. The blockchain market is expected to reach a valuation of approximately USD 393.42 billion by 2032, exhibiting a robust CAGR of about 43.6% during the forecast period, driven by growing adoption of blockchain for secure payments, digital identity management, smart contract deployment, and IoT integrations. This rapid rise underscores the importance of blockchain in enabling transparency, reducing fraud, and enhancing operational efficiencies across multiple sectors.
Despite strong growth prospects, several factors restrain the blockchain market’s pace of adoption. One key challenge is the complexity and learning curve associated with blockchain technologies, which include cryptographic keys, consensus algorithms, and decentralized governance models that require skilled talent and deep technical expertise, potentially limiting broader enterprise implementation. Additionally, concerns around data privacy, regulatory uncertainty, and interoperability issues between different blockchain systems can slow adoption, particularly in heavily regulated industries. These restraining factors may influence how quickly organizations adopt blockchain solutions and scale deployments across wider use cases.
Regionally, North America leads the blockchain market in 2026 with the largest share, supported by strong technology infrastructure, early adoption of blockchain solutions, and significant investments by enterprises and governments in the U.S. and Canada. Europe follows with notable uptake as countries foster regulatory frameworks and innovation hubs that encourage blockchain deployment in finance, supply chain, and digital identity applications. The Asia Pacific blockchain market is also expanding rapidly, with countries like China, India and Japan driving adoption through digital transformation initiatives and partnerships that enable blockchain-based services across sectors. Middle East & Africa and South America show emerging growth as regional players and startups leverage blockchain for financial inclusion, secure transactions, and logistics enhancements, contributing to the global momentum of the blockchain market.