The Latin America, Middle East and Africa Blockchain Interoperability Market would witness market growth of 35.3% CAGR during the forecast period (2023-2030).
Interoperability between blockchains enables the transmission of data and value between networks. It has evolved into an increasingly vital Web3 feature. The market is anticipated to offer opportunities worth billions of dollars to solution and service providers. Recession would have a significant impact on the market. Recession is anticipated to have conflicting effects on the blockchain interoperability market. A recession could result in decreased investments and budget cuts for technology-related initiatives, which could potentially delay the widespread adoption and roll out of blockchain interoperability solutions. Companies may prioritize cost-reduction measures over technological innovation. Furthermore, authorities and regulatory bodies might keep investing in blockchain technology in order to promote economic recovery, which may have a positive effect on the market.
As organizations strive to establish partnerships and construct interlinked networks, communication and data exchange between blockchains become essential. The growing interconnectedness of the Internet of Things enhances the demand, as it enables the secure and efficient communication of IoT devices through various blockchain networks. Increased collaboration and ecosystem expansion also contribute to the demand.
As part of its active involvement in providing credit facilities, the Saudi Arabian Monetary Authority (SAMA), the Kingdom's central bank, disclosed in June 2020 that it had utilized blockchain technology to discharge a portion of the SR50 billion ($13.3 bn) liquidity package into the banking sector. SAMA continues to investigate and implement emergent technologies in order to remain in sync with the global trends observed by other central banks. In addition, SAMA will be able to evaluate the effects of these technologies on the finance industry. The Saudi central bank is one of the first regional central banks to work with blockchain technology for money transactions. The Fintech Saudi Initiative in collaboration with the Capital Market Authority (CMA), the introduction of the SAMA Regulatory Sandbox, and a variety of digital banking services and payments are additional initiatives launched by SAMA to develop Fintech in the Kingdom.
The Brazil market dominated the LAMEA Blockchain Interoperability Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $42.9 million by 2030. The Argentina market is showcasing a CAGR of 36% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 34.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Blockchain Interoperability Market, by Solution
1.4.2 LAMEA Blockchain Interoperability Market, by Application
1.4.3 LAMEA Blockchain Interoperability Market, by Vertical
1.4.4 LAMEA 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. LAMEA Blockchain Interoperability Market by Solution
4.1 LAMEA Cross-chain Bridging Market by Country
4.2 LAMEA Cross-chain APIs Market by Country
4.3 LAMEA Federated or Consortium Interoperability Market by Country
4.4 LAMEA Others Market by Country
Chapter 5. LAMEA Blockchain Interoperability Market by Application
5.1 LAMEA dApps Market by Country
5.2 LAMEA Digital Assets/NFTs Market by Country
5.3 LAMEA Cross-chain Trading & Exchange Market by Country
5.4 LAMEA Cross-chain Messaging & Data Sharing Market by Country
Chapter 6. LAMEA Blockchain Interoperability Market by Vertical
6.1 LAMEA BFSI Market by Country
6.2 LAMEA Healthcare Market by Country
6.3 LAMEA Gaming & Entertainment Market by Country
6.4 LAMEA Telecommunication Market by Country
6.5 LAMEA Food & Agriculture Market by Country
6.6 LAMEA IT & ITeS Market by Country
6.7 LAMEA Others Market by Country
Chapter 7. LAMEA Blockchain Interoperability Market by Country
7.1 Brazil Blockchain Interoperability Market
7.1.1 Brazil Blockchain Interoperability Market by Solution
7.1.2 Brazil Blockchain Interoperability Market by Application
7.1.3 Brazil Blockchain Interoperability Market by Vertical
7.2 Argentina Blockchain Interoperability Market
7.2.1 Argentina Blockchain Interoperability Market by Solution
7.2.2 Argentina Blockchain Interoperability Market by Application
7.2.3 Argentina Blockchain Interoperability Market by Vertical
7.3 UAE Blockchain Interoperability Market
7.3.1 UAE Blockchain Interoperability Market by Solution
7.3.2 UAE Blockchain Interoperability Market by Application
7.3.3 UAE Blockchain Interoperability Market by Vertical
7.4 Saudi Arabia Blockchain Interoperability Market
7.4.1 Saudi Arabia Blockchain Interoperability Market by Solution
7.4.2 Saudi Arabia Blockchain Interoperability Market by Application
7.4.3 Saudi Arabia Blockchain Interoperability Market by Vertical
7.5 South Africa Blockchain Interoperability Market
7.5.1 South Africa Blockchain Interoperability Market by Solution
7.5.2 South Africa Blockchain Interoperability Market by Application
7.5.3 South Africa Blockchain Interoperability Market by Vertical
7.6 Nigeria Blockchain Interoperability Market
7.6.1 Nigeria Blockchain Interoperability Market by Solution
7.6.2 Nigeria Blockchain Interoperability Market by Application
7.6.3 Nigeria Blockchain Interoperability Market by Vertical
7.7 Rest of LAMEA Blockchain Interoperability Market
7.7.1 Rest of LAMEA Blockchain Interoperability Market by Solution
7.7.2 Rest of LAMEA Blockchain Interoperability Market by Application
7.7.3 Rest of LAMEA 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 LAMEA Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 4 LAMEA Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 5 LAMEA Cross-chain Bridging Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Cross-chain Bridging Market by Country, 2023 - 2030, USD Million
TABLE 7 LAMEA Cross-chain APIs Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Cross-chain APIs Market by Country, 2023 - 2030, USD Million
TABLE 9 LAMEA Federated or Consortium Interoperability Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Federated or Consortium Interoperability Market by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 13 LAMEA Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 14 LAMEA Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 15 LAMEA dApps Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA dApps Market by Country, 2023 - 2030, USD Million
TABLE 17 LAMEA Digital Assets/NFTs Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Digital Assets/NFTs Market by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA Cross-chain Trading & Exchange Market by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA Cross-chain Trading & Exchange Market by Country, 2023 - 2030, USD Million
TABLE 21 LAMEA Cross-chain Messaging & Data Sharing Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Cross-chain Messaging & Data Sharing Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 24 LAMEA Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 25 LAMEA BFSI Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA BFSI Market by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 28 LAMEA Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 29 LAMEA Gaming & Entertainment Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Gaming & Entertainment Market by Country, 2023 - 2030, USD Million
TABLE 31 LAMEA Telecommunication Market by Country, 2019 - 2022, USD Million
TABLE 32 LAMEA Telecommunication Market by Country, 2023 - 2030, USD Million
TABLE 33 LAMEA Food & Agriculture Market by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA Food & Agriculture Market by Country, 2023 - 2030, USD Million
TABLE 35 LAMEA IT & ITeS Market by Country, 2019 - 2022, USD Million
TABLE 36 LAMEA IT & ITeS Market by Country, 2023 - 2030, USD Million
TABLE 37 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 38 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 39 LAMEA Blockchain Interoperability Market by Country, 2019 - 2022, USD Million
TABLE 40 LAMEA Blockchain Interoperability Market by Country, 2023 - 2030, USD Million
TABLE 41 Brazil Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 42 Brazil Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 43 Brazil Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 44 Brazil Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 45 Brazil Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 46 Brazil Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 47 Brazil Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 48 Brazil Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 49 Argentina Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 50 Argentina Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 51 Argentina Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 52 Argentina Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 53 Argentina Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 54 Argentina Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 55 Argentina Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 56 Argentina Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 57 UAE Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 58 UAE Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 59 UAE Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 60 UAE Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 61 UAE Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 62 UAE Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 63 UAE Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 64 UAE Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 65 Saudi Arabia Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 66 Saudi Arabia Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 67 Saudi Arabia Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 68 Saudi Arabia Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 69 Saudi Arabia Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 70 Saudi Arabia Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 71 Saudi Arabia Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 72 Saudi Arabia Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 73 South Africa Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 74 South Africa Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 75 South Africa Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 76 South Africa Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 77 South Africa Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 78 South Africa Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 79 South Africa Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 80 South Africa Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 81 Nigeria Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 82 Nigeria Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 83 Nigeria Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 84 Nigeria Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 85 Nigeria Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 86 Nigeria Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 87 Nigeria Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 88 Nigeria Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 89 Rest of LAMEA Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 90 Rest of LAMEA Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 91 Rest of LAMEA Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 92 Rest of LAMEA Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 93 Rest of LAMEA Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 94 Rest of LAMEA Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 95 Rest of LAMEA Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 96 Rest of LAMEA 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 LAMEA 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 LAMEA Blockchain Interoperability Market share by Solution, 2022
FIG 6 LAMEA Blockchain Interoperability Market share by Solution, 2030
FIG 7 LAMEA Blockchain Interoperability Market by Solution, 2019 - 2030, USD Million
FIG 8 LAMEA Blockchain Interoperability Market share by Application, 2022
FIG 9 LAMEA Blockchain Interoperability Market share by Application, 2030
FIG 10 LAMEA Blockchain Interoperability Market by Application, 2019 - 2030, USD Million
FIG 11 LAMEA Blockchain Interoperability Market share by Vertical, 2022
FIG 12 LAMEA Blockchain Interoperability Market share by Vertical, 2030
FIG 13 LAMEA Blockchain Interoperability Market by Vertical, 2019 - 2030, USD Million
FIG 14 LAMEA Blockchain Interoperability Market share by Country, 2022
FIG 15 LAMEA Blockchain Interoperability Market share by Country, 2030
FIG 16 LAMEA 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