The North America Blockchain Interoperability Market would witness market growth of 26.7% CAGR during the forecast period (2023-2030).
The requirement for seamless communication and data exchange among various blockchain networks, the rising acceptance of decentralized applications across sectors, the demand for cross-chain asset transfers, and the increasing significance of compliance with regulations and standardized practices in the blockchain ecosystem are the primary drivers of growth for the market. In addition to these factors, enhanced collaboration and ecosystem growth fuel the demand for blockchain interoperability.
Blockchain technology has a wide variety of industry-specific applications, but the primary advantages are data transparency and verifiability, decentralized consensus, and smart contract execution. Once blockchains utilized by different companies and sectors are able to communicate with each other, previously independent markets and company applications are going to be able to exchange data and value with greater ease. This means that organizations and communities that do not normally interact will be able to share information, leverage each other's strengths, and foster innovation more easily and effectively.
American enterprises are the most innovative in the globe. Digital asset companies are not unique. The United States is home to approximately fifty percent of the world's 100 most valuable financial technology companies in 2022, the majority of which trade in digital asset services. Urban and Pineda list numerous Canadian government agencies experimenting with blockchain in a policy book published by the Mowat Centre for Policy Innovation at the University of Toronto, including Innovation, Science and Economic Development Canada, the Treasury Board of Canada Secretariat, and the National Research Council of Canada (NRCC). The Industrial Research Assistance Program of the NRCC utilized an Ethereum blockchain in January 2018 to "proactively publish grant and contribution data in real-time." Multiple levels of government, including the Government of Ontario, the City of Toronto, and the Government of British Columbia, have adopted the use of blockchain for permits. In light of these factors, it is anticipated that the market will expand.
The US market dominated the North America Blockchain Interoperability Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $628.7 million by 2030. The Canada market is experiencing a CAGR of 29.5% during (2023 - 2030). Additionally, The Mexico market would exhibit 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Blockchain Interoperability Market, by Solution
1.4.2 North America Blockchain Interoperability Market, by Application
1.4.3 North America Blockchain Interoperability Market, by Vertical
1.4.4 North America 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. North America Blockchain Interoperability Market by Solution
4.1 North America Cross-chain Bridging Market by Country
4.2 North America Cross-chain APIs Market by Country
4.3 North America Federated or Consortium Interoperability Market by Country
4.4 North America Others Market by Country
Chapter 5. North America Blockchain Interoperability Market by Application
5.1 North America dApps Market by Country
5.2 North America Digital Assets/NFTs Market by Country
5.3 North America Cross-chain Trading & Exchange Market by Country
5.4 North America Cross-chain Messaging & Data Sharing Market by Country
Chapter 6. North America Blockchain Interoperability Market by Vertical
6.1 North America BFSI Market by Country
6.2 North America Healthcare Market by Country
6.3 North America Gaming & Entertainment Market by Country
6.4 North America Telecommunication Market by Country
6.5 North America Food & Agriculture Market by Country
6.6 North America IT & ITeS Market by Country
6.7 North America Others Market by Country
Chapter 7. North America Blockchain Interoperability Market by Country
7.1 US Blockchain Interoperability Market
7.1.1 US Blockchain Interoperability Market by Solution
7.1.2 US Blockchain Interoperability Market by Application
7.1.3 US Blockchain Interoperability Market by Vertical
7.2 Canada Blockchain Interoperability Market
7.2.1 Canada Blockchain Interoperability Market by Solution
7.2.2 Canada Blockchain Interoperability Market by Application
7.2.3 Canada Blockchain Interoperability Market by Vertical
7.3 Mexico Blockchain Interoperability Market
7.3.1 Mexico Blockchain Interoperability Market by Solution
7.3.2 Mexico Blockchain Interoperability Market by Application
7.3.3 Mexico Blockchain Interoperability Market by Vertical
7.4 Rest of North America Blockchain Interoperability Market
7.4.1 Rest of North America Blockchain Interoperability Market by Solution
7.4.2 Rest of North America Blockchain Interoperability Market by Application
7.4.3 Rest of North America 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 North America Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 2 North America Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 3 North America Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 4 North America Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 5 North America Cross-chain Bridging Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Cross-chain Bridging Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Cross-chain APIs Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Cross-chain APIs Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Federated or Consortium Interoperability Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Federated or Consortium Interoperability Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 14 North America Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 15 North America dApps Market by Country, 2019 - 2022, USD Million
TABLE 16 North America dApps Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Digital Assets/NFTs Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Digital Assets/NFTs Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Cross-chain Trading & Exchange Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Cross-chain Trading & Exchange Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Cross-chain Messaging & Data Sharing Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Cross-chain Messaging & Data Sharing Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 24 North America Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 25 North America BFSI Market by Country, 2019 - 2022, USD Million
TABLE 26 North America BFSI Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 29 North America Gaming & Entertainment Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Gaming & Entertainment Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Telecommunication Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Telecommunication Market by Country, 2023 - 2030, USD Million
TABLE 33 North America Food & Agriculture Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Food & Agriculture Market by Country, 2023 - 2030, USD Million
TABLE 35 North America IT & ITeS Market by Country, 2019 - 2022, USD Million
TABLE 36 North America IT & ITeS Market by Country, 2023 - 2030, USD Million
TABLE 37 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 39 North America Blockchain Interoperability Market by Country, 2019 - 2022, USD Million
TABLE 40 North America Blockchain Interoperability Market by Country, 2023 - 2030, USD Million
TABLE 41 US Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 42 US Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 43 US Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 44 US Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 45 US Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 46 US Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 47 US Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 48 US Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 49 Canada Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 50 Canada Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 51 Canada Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 52 Canada Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 53 Canada Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 54 Canada Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 55 Canada Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 56 Canada Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 57 Mexico Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 58 Mexico Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 59 Mexico Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 60 Mexico Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 61 Mexico Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 62 Mexico Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 63 Mexico Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 64 Mexico Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 65 Rest of North America Blockchain Interoperability Market, 2019 - 2022, USD Million
TABLE 66 Rest of North America Blockchain Interoperability Market, 2023 - 2030, USD Million
TABLE 67 Rest of North America Blockchain Interoperability Market by Solution, 2019 - 2022, USD Million
TABLE 68 Rest of North America Blockchain Interoperability Market by Solution, 2023 - 2030, USD Million
TABLE 69 Rest of North America Blockchain Interoperability Market by Application, 2019 - 2022, USD Million
TABLE 70 Rest of North America Blockchain Interoperability Market by Application, 2023 - 2030, USD Million
TABLE 71 Rest of North America Blockchain Interoperability Market by Vertical, 2019 - 2022, USD Million
TABLE 72 Rest of North America Blockchain Interoperability Market by Vertical, 2023 - 2030, USD Million
TABLE 73 Key Information – Oracle Corporation
TABLE 74 Key Information – R3
TABLE 75 Key Information – LeewayHertz
TABLE 76 Key Information – Ontology
TABLE 77 Key Information – INERY PTE. LTD.
TABLE 78 Key Information – Datachain, Inc.
TABLE 79 Key Information – Quant Network Limited
TABLE 80 Key Information – Band protocol
TABLE 81 Key Information – LiquidApps
TABLE 82 Key Information – Orb Labs
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Blockchain Interoperability Market share by Solution, 2022
FIG 6 North America Blockchain Interoperability Market share by Solution, 2030
FIG 7 North America Blockchain Interoperability Market by Solution, 2019 - 2030, USD Million
FIG 8 North America Blockchain Interoperability Market share by Application, 2022
FIG 9 North America Blockchain Interoperability Market share by Application, 2030
FIG 10 North America Blockchain Interoperability Market by Application, 2019 - 2030, USD Million
FIG 11 North America Blockchain Interoperability Market share by Vertical, 2022
FIG 12 North America Blockchain Interoperability Market share by Vertical, 2030
FIG 13 North America Blockchain Interoperability Market by Vertical, 2019 - 2030, USD Million
FIG 14 North America Blockchain Interoperability Market share by Country, 2022
FIG 15 North America Blockchain Interoperability Market share by Country, 2030
FIG 16 North America 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