The Latin America, Middle East and Africa Blockchain Technology Market would witness market growth of 56.6% CAGR during the forecast period (2021-2027). The growing demand for blockchain is due to the companies operating in the BFSI industry, which are further compelled to create customized products & services for their customers. Several insurance companies are aiming to improve their capabilities and make better products & services like index-based insurance, peer-to-peer insurance, and smart contracts.
Many companies operating in the BFSI industry are estimated to utilize the technology in their own products & services to grow in unserved & underdeveloped regions like the Middle East & Africa and Latin America. In addition, this technology will cover the increasing demand for real-time insurance payments at the time of covering claims from policyholders that will spur the revenue of the market.
In comparison to third parties, the remittance cost under blockchain is 2% to 3% of the whole amount. It is because blockchain does not need any third-party authentication. There are many financial service & solution vendors, which are forming partnerships with blockchain solution vendors, in order to improve their cross-borders payment processes. In the case of the conventional stock exchange, several bureaucracy’s stages are involved, due to which they need three days for processing a transaction. Though, the decentralization nature of blockchain technology in banking eliminates the requirement of mediators and allows trading on computers across the globe. Simultaneously, blockchain minimizes the redundancy of data in trading transactions, thus improving performance. There are many financial service providers which are using blockchain technology to improve their stock exchange process.
The Infrastructure & Protocols market dominated the Saudi Arabia Blockchain Technology Market by Component 2020, thereby, achieving a market value of $450.2 million by 2027. The Application & Solution market is experiencing a CAGR of 59% during (2021 - 2027). The Middleware market is estimated to grow at a CAGR of 59.4% during (2021 - 2027).
Based on Type, the market is segmented into Public, Private and Hybrid. Based on Component, the market is segmented into Infrastructure & Protocols, Application & Solution and Middleware. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Industry Vertical, the market is segmented into BFSI, IT & Telecom, Healthcare, Retail & eCommerce, Government & Defense, Media & Entertainment, Manufacturing 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 Global Blockchain Technology Market is Predict to reach $72 Billion by 2027, at a CAGR of 51.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon.com, Inc., Microsoft Corporation, Hewlett Packard Enterprise Company, IBM Corporation, Circle Internet Financial Limited, Digital Asset Holdings, LLC, Global Arena Holding, Inc., The Linux Foundation, Monax Industries Limited, and Interstellar.
Scope of the Study
Market Segments Covered in the Report:
By Type
By Component
- Infrastructure & Protocols
- Application & Solution
- Middleware
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By Industry Vertical
- BFSI
- IT & Telecom
- Healthcare
- Retail & eCommerce
- Government & Defense
- Media & Entertainment
- Manufacturing
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Amazon.com, Inc.
- Microsoft Corporation
- Hewlett Packard Enterprise Company
- IBM Corporation
- Circle Internet Financial Limited
- Digital Asset Holdings, LLC
- Global Arena Holding, Inc.
- The Linux Foundation
- Monax Industries Limited
- Interstellar
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Blockchain Technology Market, by Type
1.4.2 LAMEA Blockchain Technology Market, by Component
1.4.3 LAMEA Blockchain Technology Market, by Enterprise Size
1.4.4 LAMEA Blockchain Technology Market, by Industry Vertical
1.4.5 LAMEA Blockchain Technology Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Feb – 2021, Mar) Leading Players
Chapter 4. LAMEA Blockchain Technology Market by Industry Vertical
4.1 LAMEA BFSI Blockchain Technology Market by Country
4.2 LAMEA IT & Telecom Blockchain Technology Market by Country
4.3 LAMEA Healthcare Blockchain Technology Market by Country
4.4 LAMEA Retail & eCommerce Blockchain Technology Market by Country
4.5 LAMEA Government & Defense Blockchain Technology Market by Country
4.6 LAMEA Media & Entertainment Blockchain Technology Market by Country
4.7 LAMEA Manufacturing Blockchain Technology Market by Country
4.8 LAMEA Other Industry Vertical Blockchain Technology Market by Country
Chapter 5. LAMEA Blockchain Technology Market by Type
5.1 LAMEA Blockchain Technology Public Market by Country
5.2 LAMEA Blockchain Technology Private Market by Country
5.3 LAMEA Blockchain Technology Hybrid Market by Country
Chapter 6. LAMEA Blockchain Technology Market by Enterprise Size
6.1 LAMEA Large Enterprises Blockchain Technology Market by Country
6.2 LAMEA Small & Medium Enterprises Blockchain Technology Market by Country
Chapter 7. LAMEA Blockchain Technology Market by Component
7.1 LAMEA Infrastructure & Protocols Blockchain Technology Market by Country
7.2 LAMEA Application & Solution Blockchain Technology Market by Country
7.3 LAMEA Middleware Blockchain Technology Market by Country
Chapter 8. LAMEA Blockchain Technology Market by Country
8.1 Brazil Blockchain Technology Market
8.1.1 Brazil Blockchain Technology Market by Industry Vertical
8.1.2 Brazil Blockchain Technology Market by Type
8.1.3 Brazil Blockchain Technology Market by Enterprise Size
8.1.4 Brazil Blockchain Technology Market by Component
8.2 Argentina Blockchain Technology Market
8.2.1 Argentina Blockchain Technology Market by Industry Vertical
8.2.2 Argentina Blockchain Technology Market by Type
8.2.3 Argentina Blockchain Technology Market by Enterprise Size
8.2.4 Argentina Blockchain Technology Market by Component
8.3 UAE Blockchain Technology Market
8.3.1 UAE Blockchain Technology Market by Industry Vertical
8.3.2 UAE Blockchain Technology Market by Type
8.3.3 UAE Blockchain Technology Market by Enterprise Size
8.3.4 UAE Blockchain Technology Market by Component
8.4 Saudi Arabia Blockchain Technology Market
8.4.1 Saudi Arabia Blockchain Technology Market by Industry Vertical
8.4.2 Saudi Arabia Blockchain Technology Market by Type
8.4.3 Saudi Arabia Blockchain Technology Market by Enterprise Size
8.4.4 Saudi Arabia Blockchain Technology Market by Component
8.5 South Africa Blockchain Technology Market
8.5.1 South Africa Blockchain Technology Market by Industry Vertical
8.5.2 South Africa Blockchain Technology Market by Type
8.5.3 South Africa Blockchain Technology Market by Enterprise Size
8.5.4 South Africa Blockchain Technology Market by Component
8.6 Nigeria Blockchain Technology Market
8.6.1 Nigeria Blockchain Technology Market by Industry Vertical
8.6.2 Nigeria Blockchain Technology Market by Type
8.6.3 Nigeria Blockchain Technology Market by Enterprise Size
8.6.4 Nigeria Blockchain Technology Market by Component
8.7 Rest of LAMEA Blockchain Technology Market
8.7.1 Rest of LAMEA Blockchain Technology Market by Industry Vertical
8.7.2 Rest of LAMEA Blockchain Technology Market by Type
8.7.3 Rest of LAMEA Blockchain Technology Market by Enterprise Size
8.7.4 Rest of LAMEA Blockchain Technology Market by Component
Chapter 9. Company Profiles
9.1 Amazon.com, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Partnerships, Collaborations, and Agreements:
9.1.4.2 Product Launches and Product Expansions:
9.1.5 SWOT Analysis
9.2 Microsoft Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 Hewlett Packard Enterprise Company
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.5.3 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 IBM Corporation
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional & Segmental Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.6 SWOT Analysis
9.5 Circle Internet Financial Limited
9.5.1 Company Overview
9.5.2 Recent strategies and developments:
9.5.2.1 Partnerships, Collaborations, and Agreements:
9.5.2.2 Product Launches and Product Expansions:
9.6 Digital Asset Holdings, LLC
9.6.1 Company Overview
9.6.2 Recent strategies and developments:
9.6.2.1 Partnerships, Collaborations, and Agreements:
9.7 Global Arena Holding, Inc.
9.7.1 Company Overview
9.8 The Linux Foundation
9.8.1 Company Overview
9.9 Monax Industries Limited
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Partnerships, Collaborations, and Agreements:
9.9.2.2 Product Launches and Product Expansions:
9.10. Interstellar
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Partnerships, Collaborations, and Agreements:
9.10.2.2 Product Launches and Product Expansions:
TABLE 1 LAMEA Blockchain Technology Market, 2017 - 2020, USD Million
TABLE 2 LAMEA Blockchain Technology Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Blockchain Technology Market
TABLE 4 Product Launches And Product Expansions– Blockchain Technology Market
TABLE 5 Acquisition and Mergers– Blockchain Technology Market
TABLE 6 LAMEA Blockchain Technology Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 7 LAMEA Blockchain Technology Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 8 LAMEA BFSI Blockchain Technology Market by Country, 2017 - 2020, USD Million
TABLE 9 LAMEA BFSI Blockchain Technology Market by Country, 2021 - 2027, USD Million
TABLE 10 LAMEA IT & Telecom Blockchain Technology Market by Country, 2017 - 2020, USD Million
TABLE 11 LAMEA IT & Telecom Blockchain Technology Market by Country, 2021 - 2027, USD Million
TABLE 12 LAMEA Healthcare Blockchain Technology Market by Country, 2017 - 2020, USD Million
TABLE 13 LAMEA Healthcare Blockchain Technology Market by Country, 2021 - 2027, USD Million
TABLE 14 LAMEA Retail & eCommerce Blockchain Technology Market by Country, 2017 - 2020, USD Million
TABLE 15 LAMEA Retail & eCommerce Blockchain Technology Market by Country, 2021 - 2027, USD Million
TABLE 16 LAMEA Government & Defense Blockchain Technology Market by Country, 2017 - 2020, USD Million
TABLE 17 LAMEA Government & Defense Blockchain Technology Market by Country, 2021 - 2027, USD Million
TABLE 18 LAMEA Media & Entertainment Blockchain Technology Market by Country, 2017 - 2020, USD Million
TABLE 19 LAMEA Media & Entertainment Blockchain Technology Market by Country, 2021 - 2027, USD Million
TABLE 20 LAMEA Manufacturing Blockchain Technology Market by Country, 2017 - 2020, USD Million
TABLE 21 LAMEA Manufacturing Blockchain Technology Market by Country, 2021 - 2027, USD Million
TABLE 22 LAMEA Other Industry Vertical Blockchain Technology Market by Country, 2017 - 2020, USD Million
TABLE 23 LAMEA Other Industry Vertical Blockchain Technology Market by Country, 2021 - 2027, USD Million
TABLE 24 LAMEA Blockchain Technology Market by Type, 2017 - 2020, USD Million
TABLE 25 LAMEA Blockchain Technology Market by Type, 2021 - 2027, USD Million
TABLE 26 LAMEA Blockchain Technology Public Market by Country, 2017 - 2020, USD Million
TABLE 27 LAMEA Blockchain Technology Public Market by Country, 2021 - 2027, USD Million
TABLE 28 LAMEA Blockchain Technology Private Market by Country, 2017 - 2020, USD Million
TABLE 29 LAMEA Blockchain Technology Private Market by Country, 2021 - 2027, USD Million
TABLE 30 LAMEA Blockchain Technology Hybrid Market by Country, 2017 - 2020, USD Million
TABLE 31 LAMEA Blockchain Technology Hybrid Market by Country, 2021 - 2027, USD Million
TABLE 32 LAMEA Blockchain Technology Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 33 LAMEA Blockchain Technology Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 34 LAMEA Large Enterprises Blockchain Technology Market by Country, 2017 - 2020, USD Million
TABLE 35 LAMEA Large Enterprises Blockchain Technology Market by Country, 2021 - 2027, USD Million
TABLE 36 LAMEA Small & Medium Enterprises Blockchain Technology Market by Country, 2017 - 2020, USD Million
TABLE 37 LAMEA Small & Medium Enterprises Blockchain Technology Market by Country, 2021 - 2027, USD Million
TABLE 38 LAMEA Blockchain Technology Market by Component, 2017 - 2020, USD Million
TABLE 39 LAMEA Blockchain Technology Market by Component, 2021 - 2027, USD Million
TABLE 40 LAMEA Infrastructure & Protocols Blockchain Technology Market by Country, 2017 - 2020, USD Million
TABLE 41 LAMEA Infrastructure & Protocols Blockchain Technology Market by Country, 2021 - 2027, USD Million
TABLE 42 LAMEA Application & Solution Blockchain Technology Market by Country, 2017 - 2020, USD Million
TABLE 43 LAMEA Application & Solution Blockchain Technology Market by Country, 2021 - 2027, USD Million
TABLE 44 LAMEA Middleware Blockchain Technology Market by Country, 2017 - 2020, USD Million
TABLE 45 LAMEA Middleware Blockchain Technology Market by Country, 2021 - 2027, USD Million
TABLE 46 LAMEA Blockchain Technology Market by Country, 2017 - 2020, USD Million
TABLE 47 LAMEA Blockchain Technology Market by Country, 2021 - 2027, USD Million
TABLE 48 Brazil Blockchain Technology Market, 2017 - 2020, USD Million
TABLE 49 Brazil Blockchain Technology Market, 2021 - 2027, USD Million
TABLE 50 Brazil Blockchain Technology Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 51 Brazil Blockchain Technology Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 52 Brazil Blockchain Technology Market by Type, 2017 - 2020, USD Million
TABLE 53 Brazil Blockchain Technology Market by Type, 2021 - 2027, USD Million
TABLE 54 Brazil Blockchain Technology Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 55 Brazil Blockchain Technology Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 56 Brazil Blockchain Technology Market by Component, 2017 - 2020, USD Million
TABLE 57 Brazil Blockchain Technology Market by Component, 2021 - 2027, USD Million
TABLE 58 Argentina Blockchain Technology Market, 2017 - 2020, USD Million
TABLE 59 Argentina Blockchain Technology Market, 2021 - 2027, USD Million
TABLE 60 Argentina Blockchain Technology Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 61 Argentina Blockchain Technology Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 62 Argentina Blockchain Technology Market by Type, 2017 - 2020, USD Million
TABLE 63 Argentina Blockchain Technology Market by Type, 2021 - 2027, USD Million
TABLE 64 Argentina Blockchain Technology Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 65 Argentina Blockchain Technology Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 66 Argentina Blockchain Technology Market by Component, 2017 - 2020, USD Million
TABLE 67 Argentina Blockchain Technology Market by Component, 2021 - 2027, USD Million
TABLE 68 UAE Blockchain Technology Market, 2017 - 2020, USD Million
TABLE 69 UAE Blockchain Technology Market, 2021 - 2027, USD Million
TABLE 70 UAE Blockchain Technology Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 71 UAE Blockchain Technology Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 72 UAE Blockchain Technology Market by Type, 2017 - 2020, USD Million
TABLE 73 UAE Blockchain Technology Market by Type, 2021 - 2027, USD Million
TABLE 74 UAE Blockchain Technology Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 75 UAE Blockchain Technology Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 76 UAE Blockchain Technology Market by Component, 2017 - 2020, USD Million
TABLE 77 UAE Blockchain Technology Market by Component, 2021 - 2027, USD Million
TABLE 78 Saudi Arabia Blockchain Technology Market, 2017 - 2020, USD Million
TABLE 79 Saudi Arabia Blockchain Technology Market, 2021 - 2027, USD Million
TABLE 80 Saudi Arabia Blockchain Technology Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 81 Saudi Arabia Blockchain Technology Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 82 Saudi Arabia Blockchain Technology Market by Type, 2017 - 2020, USD Million
TABLE 83 Saudi Arabia Blockchain Technology Market by Type, 2021 - 2027, USD Million
TABLE 84 Saudi Arabia Blockchain Technology Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 85 Saudi Arabia Blockchain Technology Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 86 Saudi Arabia Blockchain Technology Market by Component, 2017 - 2020, USD Million
TABLE 87 Saudi Arabia Blockchain Technology Market by Component, 2021 - 2027, USD Million
TABLE 88 South Africa Blockchain Technology Market, 2017 - 2020, USD Million
TABLE 89 South Africa Blockchain Technology Market, 2021 - 2027, USD Million
TABLE 90 South Africa Blockchain Technology Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 91 South Africa Blockchain Technology Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 92 South Africa Blockchain Technology Market by Type, 2017 - 2020, USD Million
TABLE 93 South Africa Blockchain Technology Market by Type, 2021 - 2027, USD Million
TABLE 94 South Africa Blockchain Technology Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 95 South Africa Blockchain Technology Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 96 South Africa Blockchain Technology Market by Component, 2017 - 2020, USD Million
TABLE 97 South Africa Blockchain Technology Market by Component, 2021 - 2027, USD Million
TABLE 98 Nigeria Blockchain Technology Market, 2017 - 2020, USD Million
TABLE 99 Nigeria Blockchain Technology Market, 2021 - 2027, USD Million
TABLE 100 Nigeria Blockchain Technology Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 101 Nigeria Blockchain Technology Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 102 Nigeria Blockchain Technology Market by Type, 2017 - 2020, USD Million
TABLE 103 Nigeria Blockchain Technology Market by Type, 2021 - 2027, USD Million
TABLE 104 Nigeria Blockchain Technology Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 105 Nigeria Blockchain Technology Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 106 Nigeria Blockchain Technology Market by Component, 2017 - 2020, USD Million
TABLE 107 Nigeria Blockchain Technology Market by Component, 2021 - 2027, USD Million
TABLE 108 Rest of LAMEA Blockchain Technology Market, 2017 - 2020, USD Million
TABLE 109 Rest of LAMEA Blockchain Technology Market, 2021 - 2027, USD Million
TABLE 110 Rest of LAMEA Blockchain Technology Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 111 Rest of LAMEA Blockchain Technology Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 112 Rest of LAMEA Blockchain Technology Market by Type, 2017 - 2020, USD Million
TABLE 113 Rest of LAMEA Blockchain Technology Market by Type, 2021 - 2027, USD Million
TABLE 114 Rest of LAMEA Blockchain Technology Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 115 Rest of LAMEA Blockchain Technology Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 116 Rest of LAMEA Blockchain Technology Market by Component, 2017 - 2020, USD Million
TABLE 117 Rest of LAMEA Blockchain Technology Market by Component, 2021 - 2027, USD Million
TABLE 118 Key Information – Amazon.com, Inc.
TABLE 119 key information – Microsoft Corporation
TABLE 120 key information – Hewlett Packard Enterprise Company
TABLE 121 Key information – IBM Corporation
TABLE 122 key information – Circle Internet Financial Limited
TABLE 123 Key Information – Digital Asset Holdings, LLC
TABLE 124 Key Information – Global Arena Holding, Inc.
TABLE 125 key Information – The Linux Foundation
TABLE 126 Key Information – Monax Industries Limited
TABLE 127 key information – Interstellar
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Feb – 2021, Mar) Leading Players
FIG 5 Recent strategies and developments: Amazon.com, Inc.
FIG 6 SWOT analysis: Amazon.com, Inc.
FIG 7 Recent strategies and developments: Microsoft Corporation
FIG 8 SWOT Analysis: Microsoft Corporation
FIG 9 Recent strategies and developments: Hewlett Packard Enterprise Company
FIG 10 SWOT analysis: Hewlett-Packard enterprise Company
FIG 11 Swot analysis: IBM Corporation
FIG 12 Recent strategies and developments: Circle Internet Financial Limited
FIG 13 Recent strategies and developments: Monax Industries Limited
FIG 14 Recent strategies and developments: Intersteller