Blockchain Market Size and Analytics 2030

The global Blockchain Market size is predicted to reach USD 301.02 billion by 2030 with a CAGR of 60.2%.

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The growing adoption of cryptocurrencies across several financial services and industries is increasing the blockchain market demand. In most developed regions the traditional banking infrastructure is lacking and countless individuals lack access to basic financial services. Cryptocurrencies enable these payment option that reduce transaction costs and empower individuals to access services such as payments and money transfers.

North America presently dominates the blockchain market share and is expected to continue its dominance throughout the forecast period. This is attributed to the rapid implementation of smart contracts in the prominent healthcare sector across the region. The application of blockchain technology in the healthcare sector is gaining a significant growth as companies including Galvan applied decentralized finance (DeFi) to the healthcare industry with the goal of giving individuals more control over their health data.