Blockchain Technology Market in Asia Pacific Grows with Fintech Expansion

The global blockchain technology market size was valued at USD 31.28 billion in 2024 and is projected to reach USD 1,431.54 billion by 2030, expanding at an exceptional CAGR of 90.1% from 2025 to 2030. The rising demand for secure, transparent, and decentralized transaction systems across multiple industries continues to fuel market growth.

Blockchain’s immutable and decentralized ledger system ensures transparency and integrity in data management, making it particularly valuable to sectors such as finance, healthcare, and supply chain management. Organizations in these industries are increasingly integrating blockchain solutions to enhance security, traceability, and operational efficiency.

Market Drivers

The growing adoption of blockchain in supply chain optimization is a key growth driver. The technology’s ability to trace, verify, and authenticate the movement of goods in real-time minimizes fraud, strengthens transparency, and boosts overall supply chain efficiency. Consequently, enterprises are actively leveraging blockchain to digitally transform their supply chain operations.

Additionally, the surging interest in cryptocurrencies and digital assets continues to drive the adoption of blockchain technology. As the foundational technology behind cryptocurrencies like Bitcoin and Ethereum, blockchain is being explored for broader applications such as Central Bank Digital Currencies (CBDCs) and digital asset management.

Furthermore, the increasing need for secure and cost-effective cross-border payments is accelerating blockchain’s penetration in the financial sector. Unlike traditional international payment systems that involve multiple intermediaries and high fees, blockchain-based solutions offer faster, transparent, and low-cost transactions, thereby reshaping the global remittance landscape.

Key Market Trends & Insights

• North America dominated the global market in 2024, accounting for 37.4% of total revenue.
• The U.S. blockchain technology market is anticipated to grow at a significant CAGR from 2025 to 2030.
• By type, the public cloud segment led the market with a 61.5% revenue share in 2024.
• By component, the infrastructure & protocols segment dominated in 2024.
• By offering, the platform segment held the largest share in 2024.

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Market Size & Forecast

• 2024 Market Size: USD 31.28 Billion
• 2030 Projected Market Size: USD 1,431.54 Billion
• CAGR (2025–2030): 90.1%
• Largest Market (2024): North America
• Fastest-Growing Market: Asia Pacific

Competitive Landscape

The global blockchain technology market is highly competitive, with leading players focusing on innovation, product expansion, and strategic collaborations to maintain their market position. Key participants include IBM Corporation, Microsoft Corporation, The Linux Foundation, Blockchain Tech LTD, and others.

• Monax Labs: A pioneer in blockchain-based smart contract solutions, offering a decentralized platform for secure, transparent legal and contractual processes.
• Chain: Specializes in scalable blockchain infrastructure for enterprises, enabling secure asset transfers and smart contract automation across industries such as finance, healthcare, and logistics.

Recent Developments

• January 2024: Chain upgraded its Chain Prime product, evolving it into a comprehensive Trading-as-a-Service (TaaS) platform for institutional clients, while focusing on enterprise blockchain products like Chain Cloud, Sequence, and Chain NFTs.
• December 2023: RYVYL partnered with R3 to launch RYVYL Block, a blockchain-as-a-service platform simplifying blockchain adoption for businesses handling high transaction volumes.
• October 2023: DTCC acquired Securrency Inc., aiming to embed blockchain-based digital asset infrastructure into its financial services offerings.
• September 2023: LayerZero collaborated with Google Cloud, appointing it as its primary oracle provider to ensure secure verification of cross-chain transactions.

Key Companies Profiled

• IBM Corporation
• Microsoft Corporation
• The Linux Foundation
• Blockchain Tech LTD
• Chain
• Circle Internet Financial, LLC
• Deloitte Touche Tohmatsu Limited
• Digital Asset Holdings, LLC
• Global Arena Holding, Inc. (GAHC)

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Conclusion

The blockchain technology market is on an exponential growth trajectory, driven by the rising need for transparency, efficiency, and digital security. As industries increasingly adopt blockchain for digital transformation, the technology is set to redefine global business operations, particularly in finance, logistics, and governance.