The Asia Pacific Blockchain Interoperability Market would witness market growth of 29.3% CAGR during the forecast period (2023-2030).
Interoperability between blockchains assures a user-friendly experience, which increases adoption. It allows multi-token transactions via wallets and cross-chain information transmission, allowing users to interact with multiple currencies from a single interface. Without interoperability, disconnected systems will operate as autonomous compartments that cannot communicate or transact with one another. Multiple users from distinct blockchain networks are able to interact in an interoperable ecosystem without expending resources on information translation or enduring delays. It ensures that information gets processed, and a corresponding response is sent.
The smart home incorporates numerous varieties of CIoT (e.g., intelligent refrigerators, air conditioners, smart fans, etc.) that collect real-time data and require creative administration. Innovative applications may lead the way for disclosing residents' extremely privacy-sensitive lifestyles, as residential area information is more sensitive than any other use case. Traditionally, smart household services in a smart city are dependent on other services and are managed via cloud services. For instance, security communications should be independently synchronized with police administration, utility invoices should be combined with banking, electricity with smart infrastructure, etc. Every service is dependent on other services, which claim intelligent interoperability. With the advent of centralized cloud-based interoperable networks, traditional methods of data interchange may be more vulnerable. For secure interoperability, blockchain regulates access control via certification authorities and smart-contract-based encrypted data exchange.
In 2021, the Australian government intends to actively investigate use cases for blockchain in collaboration with the private sector. As part of the Federal Budget 2020-21, two initiatives were announced to develop blockchain-based solutions which reduce the regulatory compliance burden for companies. Each experimental project will receive up to $3 million in grant funding. One will focus on the food & beverage industry, while the other will contribute to the National Ethical Critical Minerals Certification Scheme. Through the Business Research and Innovation Initiative (BRII), $11.4 million were committed to assisting new regulatory technology innovation challenges. As a consequence of these factors, it is envisaged that the market will expand.
The China market dominated the Asia Pacific Blockchain Interoperability Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $162.2 million by 2030. The Japan market is registering a CAGR of 28.5% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 30.1% during (2023 - 2030).
Based on Solution, the market is segmented into Cross-chain Bridging, Cross-chain APIs, Federated or Consortium Interoperability, and Others. Based on Application, the market is segmented into dApps, Digital Assets/NFTs, Cross-chain Trading & Exchange, and Cross-chain Messaging & Data Sharing. Based on Vertical, the market is segmented into BFSI, Healthcare, Gaming & Entertainment, Telecommunication, Food & Agriculture, IT & ITeS, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Blockchain Interoperability Market is Projected to reach USD 2.3 Billion by 2030, at a CAGR of 28%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, R3, LeewayHertz, Ontology, INERY PTE. LTD., Datachain, Inc., Quant Network Limited, Band protocol, LiquidApps and Orb Labs.
Scope of the Study
Market Segments Covered in the Report:
By Solution
- Cross-chain Bridging
- Cross-chain APIs
- Federated or Consortium Interoperability
- Others
By Application
- dApps
- Digital Assets/NFTs
- Cross-chain Trading & Exchange
- Cross-chain Messaging & Data Sharing
By Vertical
- BFSI
- Healthcare
- Gaming & Entertainment
- Telecommunication
- Food & Agriculture
- IT & ITeS
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Oracle Corporation
- R3
- LeewayHertz
- Ontology
- INERY PTE. LTD.
- Datachain, Inc.
- Quant Network Limited
- Band protocol
- LiquidApps
- Orb Labs
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Blockchain Interoperability Market, by Solution
1.4.2 Asia Pacific Blockchain Interoperability Market, by Application
1.4.3 Asia Pacific Blockchain Interoperability Market, by Vertical
1.4.4 Asia Pacific Blockchain Interoperability Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter Five Forces Analysis
Chapter 4. Asia Pacific Blockchain Interoperability Market by Solution
4.1 Asia Pacific Cross-chain Bridging Market by Country
4.2 Asia Pacific Cross-chain APIs Market by Country
4.3 Asia Pacific Federated or Consortium Interoperability Market by Country
4.4 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Blockchain Interoperability Market by Application
5.1 Asia Pacific dApps Market by Country
5.2 Asia Pacific Digital Assets/NFTs Market by Country
5.3 Asia Pacific Cross-chain Trading & Exchange Market by Country
5.4 Asia Pacific Cross-chain Messaging & Data Sharing Market by Country
Chapter 6. Asia Pacific Blockchain Interoperability Market by Vertical
6.1 Asia Pacific BFSI Market by Country
6.2 Asia Pacific Healthcare Market by Country
6.3 Asia Pacific Gaming & Entertainment Market by Country
6.4 Asia Pacific Telecommunication Market by Country
6.5 Asia Pacific Food & Agriculture Market by Country
6.6 Asia Pacific IT & ITeS Market by Country
6.7 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Blockchain Interoperability Market by Country
7.1 China Blockchain Interoperability Market
7.1.1 China Blockchain Interoperability Market by Solution
7.1.2 China Blockchain Interoperability Market by Application
7.1.3 China Blockchain Interoperability Market by Vertical
7.2 Japan Blockchain Interoperability Market
7.2.1 Japan Blockchain Interoperability Market by Solution
7.2.2 Japan Blockchain Interoperability Market by Application
7.2.3 Japan Blockchain Interoperability Market by Vertical
7.3 India Blockchain Interoperability Market
7.3.1 India Blockchain Interoperability Market by Solution
7.3.2 India Blockchain Interoperability Market by Application
7.3.3 India Blockchain Interoperability Market by Vertical
7.4 South Korea Blockchain Interoperability Market
7.4.1 South Korea Blockchain Interoperability Market by Solution
7.4.2 South Korea Blockchain Interoperability Market by Application
7.4.3 South Korea Blockchain Interoperability Market by Vertical
7.5 Singapore Blockchain Interoperability Market
7.5.1 Singapore Blockchain Interoperability Market by Solution
7.5.2 Singapore Blockchain Interoperability Market by Application
7.5.3 Singapore Blockchain Interoperability Market by Vertical
7.6 Malaysia Blockchain Interoperability Market
7.6.1 Malaysia Blockchain Interoperability Market by Solution
7.6.2 Malaysia Blockchain Interoperability Market by Application
7.6.3 Malaysia Blockchain Interoperability Market by Vertical
7.7 Rest of Asia Pacific Blockchain Interoperability Market
7.7.1 Rest of Asia Pacific Blockchain Interoperability Market by Solution
7.7.2 Rest of Asia Pacific Blockchain Interoperability Market by Application
7.7.3 Rest of Asia Pacific Blockchain Interoperability Market by Vertical
Chapter 8. Company Profiles
8.1 Oracle Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 R3
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Partnerships, Collaborations, and Agreements:
8.2.2.2 Product Launches and Product Expansions:
8.2.2.3 Acquisition and Mergers:
8.2.3 SWOT Analysis
8.3 LeewayHertz
8.3.1 Company Overview
8.3.2 SWOT Analysis
8.4 Ontology
8.4.1 Company Overview
8.4.2 Recent strategies and developments:
8.4.2.1 Partnerships, Collaborations, and Agreements:
8.5 INERY PTE. LTD.
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Product Launches and Product Expansions:
8.6 Datachain, Inc.
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Partnerships, Collaborations, and Agreements:
8.6.3 SWOT Analysis
8.7 Quant Network Limited
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Partnerships, Collaborations, and Agreements:
8.7.2.2 Product Launches and Product Expansions:
8.7.3 SWOT Analysis
8.8 Band protocol
8.8.1 Company Overview
8.8.2 SWOT Analysis
8.9 LiquidApps
8.9.1 Company Overview
8.9.2 SWOT Analysis
8.10. Orb Labs
8.10.1 Company Overview
8.10.2 SWOT Analysis
TABLE 1 Asia Pacific Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Cross-chain Bridging Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Cross-chain Bridging Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Cross-chain APIs Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Cross-chain APIs Market by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Federated or Consortium Interoperability Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Federated or Consortium Interoperability Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 15 Asia Pacific dApps Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific dApps Market by Country, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Digital Assets/NFTs Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Digital Assets/NFTs Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Cross-chain Trading & Exchange Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Cross-chain Trading & Exchange Market by Country, 2023 - 2030, USD Million
TABLE 21 Asia Pacific Cross-chain Messaging & Data Sharing Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Cross-chain Messaging & Data Sharing Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 25 Asia Pacific BFSI Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific BFSI Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 28 Asia Pacific Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 29 Asia Pacific Gaming & Entertainment Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Gaming & Entertainment Market by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Telecommunication Market by Country, 2019 - 2022, USD Million
TABLE 32 Asia Pacific Telecommunication Market by Country, 2023 - 2030, USD Million
TABLE 33 Asia Pacific Food & Agriculture Market by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Food & Agriculture Market by Country, 2023 - 2030, USD Million
TABLE 35 Asia Pacific IT & ITeS Market by Country, 2019 - 2022, USD Million
TABLE 36 Asia Pacific IT & ITeS Market by Country, 2023 - 2030, USD Million
TABLE 37 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 38 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 39 Asia Pacific Blockchain Interoperability Market by Country, 2019 - 2022, USD Million
TABLE 40 Asia Pacific Blockchain Interoperability Market by Country, 2023 - 2030, USD Million
TABLE 41 China Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 42 China Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 43 China Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 44 China Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 45 China Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 46 China Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 47 China Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 48 China Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 49 Japan Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 50 Japan Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 51 Japan Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 52 Japan Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 53 Japan Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 54 Japan Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 55 Japan Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 56 Japan Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 57 India Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 58 India Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 59 India Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 60 India Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 61 India Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 62 India Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 63 India Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 64 India Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 65 South Korea Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 66 South Korea Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 67 South Korea Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 68 South Korea Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 69 South Korea Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 70 South Korea Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 71 South Korea Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 72 South Korea Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 73 Singapore Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 74 Singapore Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 75 Singapore Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 76 Singapore Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 77 Singapore Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 78 Singapore Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 79 Singapore Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 80 Singapore Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 81 Malaysia Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 82 Malaysia Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 83 Malaysia Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 84 Malaysia Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 85 Malaysia Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 86 Malaysia Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 87 Malaysia Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 88 Malaysia Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 89 Rest of Asia Pacific Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 90 Rest of Asia Pacific Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 91 Rest of Asia Pacific Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 92 Rest of Asia Pacific Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 93 Rest of Asia Pacific Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 94 Rest of Asia Pacific Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 95 Rest of Asia Pacific Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 96 Rest of Asia Pacific Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 97 Key Information – Oracle Corporation
TABLE 98 Key Information – R3
TABLE 99 Key Information – LeewayHertz
TABLE 100 Key Information – Ontology
TABLE 101 Key Information – INERY PTE. LTD.
TABLE 102 Key Information – Datachain, Inc.
TABLE 103 Key Information – Quant Network Limited
TABLE 104 Key Information – Band protocol
TABLE 105 Key Information – LiquidApps
TABLE 106 Key Information – Orb Labs
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Blockchain Interoperability Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Blockchain Interoperability market
FIG 4 Porter’s Five Forces Analysis – Blockchain Interoperability Market
FIG 5 Asia Pacific Blockchain Interoperability Market share by Solution, 2022
FIG 6 Asia Pacific Blockchain Interoperability Market share by Solution, 2030
FIG 7 Asia Pacific Blockchain Interoperability Market by Solution, 2019 - 2030, USD Million
FIG 8 Asia Pacific Blockchain Interoperability Market share by Application, 2022
FIG 9 Asia Pacific Blockchain Interoperability Market share by Application, 2030
FIG 10 Asia Pacific Blockchain Interoperability Market by Application, 2019 - 2030, USD Million
FIG 11 Asia Pacific Blockchain Interoperability Market share by Vertical, 2022
FIG 12 Asia Pacific Blockchain Interoperability Market share by Vertical, 2030
FIG 13 Asia Pacific Blockchain Interoperability Market by Vertical, 2019 - 2030, USD Million
FIG 14 Asia Pacific Blockchain Interoperability Market share by Country, 2022
FIG 15 Asia Pacific Blockchain Interoperability Market share by Country, 2030
FIG 16 Asia Pacific Blockchain Interoperability Market by Country, 2019 - 2030, USD Million
FIG 17 SWOT Analysis: Oracle Corporation
FIG 18 Recent strategies and developments: R3
FIG 19 SWOT Analysis: R3
FIG 20 SWOT Analysis: LeewayHertz
FIG 21 SWOT Analysis: Datachain, Inc.
FIG 22 Recent strategies and developments: Quant Network Limited
FIG 23 SWOT Analysis: Quant Network Limited
FIG 24 SWOT Analysis: Band protocol
FIG 25 SWOT Analysis: LiquidApps
FIG 26 SWOT Analysis: Orb Labs