The Europe Blockchain Interoperability Market would witness market growth of 27.5% CAGR during the forecast period (2023-2030).
The capability to set up network interoperability throughout multiple blockchains is a further advanced manifestation of blockchain technology's potential to decentralize systems and economies. In the future, there may be thousands of application-specific blockchains that communicate with each other through a decentralized primary center.
The interoperable future will enable users to interchange currencies from various blockchains directly within their purses, eliminating the need to locate an exchange service. As they pursue more profitable strategies, yield producers will have greater flexibility in relocating their assets across supply chains. As blockchain technology becomes more accessible, more organizations will implement it. According to industry titans such as IBM, the absence of blockchain-building standards impedes their interoperability. Implementing generally accepted, simple-to-implement blockchain solutions would lower this barrier to adoption.
The European Commission has significant policy, legal and regulatory, and funding support for blockchain technology. Building a pan-European public services blockchain, promoting legal certainty, promoting blockchain for sustainability, increasing funding for research and innovation, supporting interoperability and standards, supporting blockchain skills development, and interacting with the community are the most important aspects of its blockchain strategy.
Approximately 6.9% of German businesses currently employ or intend to employ blockchain technology for their business processes. This is the conclusion of a recent survey conducted on account of the Hanseatic Blockchain Institute by the IFO Institute. The chemical sector is in the lead, with 14% of businesses utilizing the technology for business processes. 13% of companies in the automotive sector utilize blockchain technology, and roughly 20% have intentions to do so. At least one in ten manufacturers of food and animal feed, data processing equipment, electrical equipment, printed matter, furniture, and machinery and equipment use blockchain technology or have plans to do so. These factors would facilitate the expansion of the European market.
The Germany market dominated the Europe Blockchain Interoperability Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $143.7 million by 2030. The UK market is exhibiting a CAGR of 26.4% during (2023 - 2030). Additionally, The France market would experience a CAGR of 28.4% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Blockchain Interoperability Market, by Solution
1.4.2 Europe Blockchain Interoperability Market, by Application
1.4.3 Europe Blockchain Interoperability Market, by Vertical
1.4.4 Europe 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. Europe Blockchain Interoperability Market by Solution
4.1 Europe Cross-chain Bridging Market by Country
4.2 Europe Cross-chain APIs Market by Country
4.3 Europe Federated or Consortium Interoperability Market by Country
4.4 Europe Others Market by Country
Chapter 5. Europe Blockchain Interoperability Market by Application
5.1 Europe dApps Market by Country
5.2 Europe Digital Assets/NFTs Market by Country
5.3 Europe Cross-chain Trading & Exchange Market by Country
5.4 Europe Cross-chain Messaging & Data Sharing Market by Country
Chapter 6. Europe Blockchain Interoperability Market by Vertical
6.1 Europe BFSI Market by Country
6.2 Europe Healthcare Market by Country
6.3 Europe Gaming & Entertainment Market by Country
6.4 Europe Telecommunication Market by Country
6.5 Europe Food & Agriculture Market by Country
6.6 Europe IT & ITeS Market by Country
6.7 Europe Others Market by Country
Chapter 7. Europe Blockchain Interoperability Market by Country
7.1 Germany Blockchain Interoperability Market
7.1.1 Germany Blockchain Interoperability Market by Solution
7.1.2 Germany Blockchain Interoperability Market by Application
7.1.3 Germany Blockchain Interoperability Market by Vertical
7.2 UK Blockchain Interoperability Market
7.2.1 UK Blockchain Interoperability Market by Solution
7.2.2 UK Blockchain Interoperability Market by Application
7.2.3 UK Blockchain Interoperability Market by Vertical
7.3 France Blockchain Interoperability Market
7.3.1 France Blockchain Interoperability Market by Solution
7.3.2 France Blockchain Interoperability Market by Application
7.3.3 France Blockchain Interoperability Market by Vertical
7.4 Russia Blockchain Interoperability Market
7.4.1 Russia Blockchain Interoperability Market by Solution
7.4.2 Russia Blockchain Interoperability Market by Application
7.4.3 Russia Blockchain Interoperability Market by Vertical
7.5 Spain Blockchain Interoperability Market
7.5.1 Spain Blockchain Interoperability Market by Solution
7.5.2 Spain Blockchain Interoperability Market by Application
7.5.3 Spain Blockchain Interoperability Market by Vertical
7.6 Italy Blockchain Interoperability Market
7.6.1 Italy Blockchain Interoperability Market by Solution
7.6.2 Italy Blockchain Interoperability Market by Application
7.6.3 Italy Blockchain Interoperability Market by Vertical
7.7 Rest of Europe Blockchain Interoperability Market
7.7.1 Rest of Europe Blockchain Interoperability Market by Solution
7.7.2 Rest of Europe Blockchain Interoperability Market by Application
7.7.3 Rest of Europe 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 Europe Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 2 Europe Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 3 Europe Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 4 Europe Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 5 Europe Cross-chain Bridging Market by Country, 2019 - 2022, USD Million
TABLE 6 Europe Cross-chain Bridging Market by Country, 2023 - 2030, USD Million
TABLE 7 Europe Cross-chain APIs Market by Country, 2019 - 2022, USD Million
TABLE 8 Europe Cross-chain APIs Market by Country, 2023 - 2030, USD Million
TABLE 9 Europe Federated or Consortium Interoperability Market by Country, 2019 - 2022, USD Million
TABLE 10 Europe Federated or Consortium Interoperability Market by Country, 2023 - 2030, USD Million
TABLE 11 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 12 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 13 Europe Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 14 Europe Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 15 Europe dApps Market by Country, 2019 - 2022, USD Million
TABLE 16 Europe dApps Market by Country, 2023 - 2030, USD Million
TABLE 17 Europe Digital Assets/NFTs Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe Digital Assets/NFTs Market by Country, 2023 - 2030, USD Million
TABLE 19 Europe Cross-chain Trading & Exchange Market by Country, 2019 - 2022, USD Million
TABLE 20 Europe Cross-chain Trading & Exchange Market by Country, 2023 - 2030, USD Million
TABLE 21 Europe Cross-chain Messaging & Data Sharing Market by Country, 2019 - 2022, USD Million
TABLE 22 Europe Cross-chain Messaging & Data Sharing Market by Country, 2023 - 2030, USD Million
TABLE 23 Europe Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 24 Europe Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 25 Europe BFSI Market by Country, 2019 - 2022, USD Million
TABLE 26 Europe BFSI Market by Country, 2023 - 2030, USD Million
TABLE 27 Europe Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 28 Europe Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 29 Europe Gaming & Entertainment Market by Country, 2019 - 2022, USD Million
TABLE 30 Europe Gaming & Entertainment Market by Country, 2023 - 2030, USD Million
TABLE 31 Europe Telecommunication Market by Country, 2019 - 2022, USD Million
TABLE 32 Europe Telecommunication Market by Country, 2023 - 2030, USD Million
TABLE 33 Europe Food & Agriculture Market by Country, 2019 - 2022, USD Million
TABLE 34 Europe Food & Agriculture Market by Country, 2023 - 2030, USD Million
TABLE 35 Europe IT & ITeS Market by Country, 2019 - 2022, USD Million
TABLE 36 Europe IT & ITeS Market by Country, 2023 - 2030, USD Million
TABLE 37 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 38 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 39 Europe Blockchain Interoperability Market by Country, 2019 - 2022, USD Million
TABLE 40 Europe Blockchain Interoperability Market by Country, 2023 - 2030, USD Million
TABLE 41 Germany Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 42 Germany Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 43 Germany Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 44 Germany Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 45 Germany Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 46 Germany Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 47 Germany Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 48 Germany Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 49 UK Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 50 UK Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 51 UK Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 52 UK Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 53 UK Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 54 UK Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 55 UK Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 56 UK Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 57 France Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 58 France Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 59 France Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 60 France Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 61 France Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 62 France Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 63 France Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 64 France Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 65 Russia Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 66 Russia Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 67 Russia Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 68 Russia Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 69 Russia Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 70 Russia Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 71 Russia Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 72 Russia Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 73 Spain Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 74 Spain Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 75 Spain Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 76 Spain Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 77 Spain Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 78 Spain Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 79 Spain Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 80 Spain Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 81 Italy Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 82 Italy Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 83 Italy Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 84 Italy Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 85 Italy Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 86 Italy Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 87 Italy Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 88 Italy Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 89 Rest of Europe Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 90 Rest of Europe Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 91 Rest of Europe Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 92 Rest of Europe Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 93 Rest of Europe Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 94 Rest of Europe Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 95 Rest of Europe Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 96 Rest of Europe 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 Europe 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 Europe Blockchain Interoperability Market share by Solution, 2022
FIG 6 Europe Blockchain Interoperability Market share by Solution, 2030
FIG 7 Europe Blockchain Interoperability Market by Solution, 2019 - 2030, USD Million
FIG 8 Europe Blockchain Interoperability Market share by Application, 2022
FIG 9 Europe Blockchain Interoperability Market share by Application, 2030
FIG 10 Europe Blockchain Interoperability Market by Application, 2019 - 2030, USD Million
FIG 11 Europe Blockchain Interoperability Market share by Vertical, 2022
FIG 12 Europe Blockchain Interoperability Market share by Vertical, 2030
FIG 13 Europe Blockchain Interoperability Market by Vertical, 2019 - 2030, USD Million
FIG 14 Europe Blockchain Interoperability Market share by Country, 2022
FIG 15 Europe Blockchain Interoperability Market share by Country, 2030
FIG 16 Europe 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