出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年7月
ブロックチェーン相互運用性市場 : ソリューション (クロスチェーンブリッジング、クロスチェーン API、フェデレーテッドまたはコンソーシアムの相互運用性)、用途 (dApps、デジタル資産/NFT、クロスチェーン取引、交換)、垂直、地域別 – 2028年までの世界予測
Blockchain Interoperability Market by Solution (Cross-chain Bridging, Cross-chain APIs, Federated or Consortium Interoperability), Application (dApps, Digital Assets/NFTs, Cross-chain Trading & Exchange), Vertical and Region – Global Forecast to 2028
| ページ数 | 254 |
| 図表数 | 243 |
| 種別 | 英文調査報告書 |
| 価格 |
世界のブロックチェーン相互運用性の市場規模は2023年中に3億ドル、2028年までに10億ドルに達し、予測期間に年平均成長率（CAGR）27.2％で成長することが予測されています。
MarketsandMarkets（マーケッツアンドマーケッツ）「ブロックチェーン相互運用性市場 : ソリューション (クロスチェーンブリッジング、クロスチェーン API、フェデレーテッドまたはコンソーシアムの相互運用性)、用途 (dApps、デジタル資産/NFT、クロスチェーン取引、交換)、垂直、地域別 – 2028年までの世界予測 – Blockchain Interoperability Market by Solution (Cross-chain Bridging, Cross-chain APIs, Federated or Consortium Interoperability), Application (dApps, Digital Assets/NFTs, Cross-chain Trading & Exchange), Vertical and Region – Global Forecast to 2028」は世界のブロックチェーン相互運用性市場における主要セグメント毎の調査・分析結果を提供します。
Report Overview
The global blockchain interoperability market size is projected to grow from USD 0.3 billion in 2023 to USD 1.0 billion by 2028 at a CAGR of 27.2% during the forecast period.
The market growth in blockchain interoperability is fueled by various factors, including the increasing demand for IBC to optimize the development and effectiveness of blockchain technology, the advancements in dApps, the growing need for seamless cross-chain asset transfers, and the emphasis on regulatory compliance and standardized practices.
“By vertical, the BFSI segment will grow at the largest market size during the forecast period.”
The BFSI (Banking, Financial Services, and Insurance) sector holds the largest market size in the blockchain interoperability market. This is due to the sector’s need for secure data exchange and efficient transactions. Additionally, blockchain technology provides transparency and enhanced security, making it an ideal solution for the BFSI industry. Moreover, interoperability enables seamless communication between multiple parties operating on different blockchain networks, facilitating cross-border transactions, interbank settlements, and insurance claims processing. Furthermore, the BFSI sector’s heavy regulation and compliance requirements drive the adoption of blockchain interoperability solutions. Thus, the BFSI segment holds the largest market size during the forecasted period.
“North America is expected to account for the largest market size during the forecasted period.”
Due to several key factors, North America is poised to have the largest market size. The region’s growth in this market is driven by the increasing adoption of blockchain technology across industries like healthcare, supply chain management, and finance. The need for secure and efficient data exchange between different blockchain networks also contributes to the market’s expansion. Moreover, established vendors from North America, including Oracle, R3, LeewayHertz, and GAVS Technologies, offer advanced blockchain interoperability products and services.
The US and Canadian governments also invest a reasonable sum of money in blockchain research and development. Also, the US National Institute of Standards and Technology (NIST) is actively involved in research and standardization efforts for blockchain interoperability. Furthermore, government agencies in the region are collaborating with blockchain companies to explore interoperable solutions for digital identity, voting systems, and intellectual property rights management. Thus, these factors account for North America having the largest market size during the forecast period.
“Asia Pacific is anticipated to account for the highest CAGR during the forecasted period.”
The Asia Pacific region is witnessing significant advancements in blockchain interoperability. Major developments include the Interledger Protocol (ILP), which connects various blockchain platforms and payment systems. The Asia Pacific Blockchain Alliance also promotes blockchain technology adoption and is actively working on projects emphasizing interoperability. Moreover, the Association of Southeast Asian Nations Blockchain Initiative facilitates seamless interactions among member states. Furthermore, the governments in the region, such as Australia, Singapore, and Japan, support blockchain interoperability through dedicated programs and strategies. These efforts recognize the importance of interoperability in unlocking the full potential of blockchain technology across industries and borders. Thus, the Asia Pacific region has the highest CAGR during the forecasted period.
Breakdown of primaries
The study contains various industry experts’ insights, from suppliers/software developers to OEMs and Tier 1 vendors.
The break-up of the primaries is as follows:
• By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
• By Designation: C-level – 45%, Directors – 35%, and Managers– 25%
• By Region: North America – 35%, Asia Pacific – 30%, Europe – 25%, Middle East & Africa – 5%, Latin America – 5%
The key vendors in the global blockchain interoperability market include Oracle (US), R3 (US), GAVS Technologies (US), LeewayHertz (US), Ontology (Singapore), Inery (Singapore), Fusion Foundation (Singapore), Quant Network (UK), Band Protocol (Thailand), LiquidApps (Israel), LI.FI (Germany), Biconomy (Singapore), Datachain (Japan), RioDeFi (China), Polyhedra Networks (Italy), SupraOracles (US), Orb Labs (US), and ChainPort (Israel).
The study includes in-depth competitive intelligence covering company profiles, recent developments, and key market strategies.
Research Coverage
The report segments the blockchain interoperability market and forecasts its size by solutions (cross-chain bridging, cross-chain APIs, federated or consortium interoperability, and other solutions), applications (dApps, digital assets/NFTs, cross-chain trading & exchange, and cross-chain messaging & data sharing), verticals (BFSI, healthcare, gaming & entertainment, IT & ITeS, telecommunications, food & agriculture, and other verticals), and region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).
Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall blockchain interoperability market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Demand for IBC to enhance growth and efficiency of blockchain technology, development in dApps), restraints (Technical challenges hindering blockchain interoperability, Scalability issues), opportunities (Enhanced collaboration and ecosystem development, Interconnected IoT), and challenges (Interoperability trilemma, Lack of awareness and understanding).
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the blockchain interoperability market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the blockchain interoperability market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the blockchain interoperability market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Oracle (US), R3 (US), GAVS Technologies (US), LeewayHertz (US), Ontology (Singapore), Inery (Singapore), among others in the blockchain interoperability market strategies.
目次
1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION 25
1.2.1 INCLUSIONS AND EXCLUSIONS 26
1.3 MARKET SCOPE 27
1.3.1 MARKET SEGMENTATION 27
1.3.2 REGIONS COVERED 27
1.3.3 YEARS CONSIDERED 28
1.4 CURRENCY CONSIDERED 28
TABLE 1 USD EXCHANGE RATES, 2018–2022 28
1.5 STAKEHOLDERS 29
2 RESEARCH METHODOLOGY 30
2.1 RESEARCH DATA 30
FIGURE 1 BLOCKCHAIN INTEROPERABILITY MARKET: RESEARCH DESIGN 30
2.1.1 SECONDARY DATA 31
2.1.2 PRIMARY DATA 31
2.1.2.1 Breakdown of primary profiles 32
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 32
2.1.2.2 Key insights from industry experts 32
2.2 DATA TRIANGULATION AND MARKET BREAKUP 33
FIGURE 3 BLOCKCHAIN INTEROPERABILITY MARKET: DATA TRIANGULATION 33
2.3 MARKET SIZE ESTIMATION 33
2.3.1 TOP-DOWN APPROACH 34
2.3.2 BOTTOM-UP APPROACH 34
FIGURE 4 APPROACH 1 (SUPPLY-SIDE): REVENUE FROM SOFTWARE/SERVICES OF BLOCKCHAIN INTEROPERABILITY VENDORS 35
FIGURE 5 APPROACH 1 (SUPPLY-SIDE) ANALYSIS 35
FIGURE 6 BLOCKCHAIN INTEROPERABILITY MARKET ESTIMATION: RESEARCH FLOW 36
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY—TOP-DOWN APPROACH (DEMAND SIDE): SHARE OF BLOCKCHAIN INTEROPERABILITY IN OVERALL INFORMATION TECHNOLOGY MARKET 37
2.4 MARKET FORECAST 38
TABLE 2 FACTOR ANALYSIS 38
2.5 COMPANY EVALUATION MATRIX METHODOLOGY: STARTUPS/SMES 39
FIGURE 8 COMPANY EVALUATION QUADRANT (STARTUPS/SMES): CRITERIA WEIGHTAGE 39
2.6 ASSUMPTIONS 40
TABLE 3 ASSUMPTIONS 40
2.7 LIMITATIONS 41
TABLE 4 LIMITATIONS 41
3 EXECUTIVE SUMMARY 42
FIGURE 9 GLOBAL BLOCKCHAIN INTEROPERABILITY MARKET TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD 43
FIGURE 10 BLOCKCHAIN INTEROPERABILITY MARKET: FASTEST-GROWING SEGMENTS 44
FIGURE 11 BLOCKCHAIN INTEROPERABILITY MARKET: REGIONAL SNAPSHOT 45
4 PREMIUM INSIGHTS 46
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BLOCKCHAIN INTEROPERABILITY MARKET 46
FIGURE 12 INCREASING ADOPTION OF BLOCKCHAIN NETWORKS FOR COMMUNICATION TO DRIVE BLOCKCHAIN INTEROPERABILITY MARKET 46
4.2 BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2023 VS. 2028 46
FIGURE 13 CROSS-CHAIN BRIDGES SOLUTION SEGMENT TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD 46
4.3 BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2023 VS. 2028 47
FIGURE 14 DAPPS SEGMENT TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD 47
4.4 BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2023 VS. 2028 47
FIGURE 15 BANKING, FINANCIAL SERVICES, AND INSURANCE VERTICAL TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD 47
4.5 MARKET INVESTMENT SCENARIO 48
FIGURE 16 ASIA PACIFIC TO EMERGE AS BEST MARKET FOR INVESTMENTS IN NEXT FIVE YEARS 48
5 MARKET OVERVIEW AND INDUSTRY TRENDS 49
5.1 INTRODUCTION 49
5.2 MARKET DYNAMICS 49
FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: BLOCKCHAIN INTEROPERABILITY MARKET 50
5.2.1 DRIVERS 50
5.2.1.1 Demand for IBC to enhance growth and efficiency of blockchain technology 50
5.2.1.2 Development in dApps 51
5.2.1.3 Growing demand for cross-chain asset transfers 51
5.2.1.4 Regulatory compliance and standards 52
5.2.2 RESTRAINTS 52
5.2.2.1 Technical challenges 52
5.2.2.2 Scalability issues 53
5.2.3 OPPORTUNITIES 53
5.2.3.1 Enhanced collaboration and ecosystem development 53
5.2.3.2 Interconnected IoT 54
5.2.3.3 New market exploration and cross-border transactions 54
5.2.4 CHALLENGES 55
5.2.4.1 Interoperability trilemma 55
5.2.4.2 Lack of awareness and understanding 55
5.3 CASE STUDY ANALYSIS 55
5.3.1 BLOCKCHAIN TRANSFORMED SUPPLY CHAINS THROUGH INTEROPERABILITY AND COLLABORATION 55
FIGURE 18 ADDRESSING SUPPLY CHAIN CHALLENGES WITH BLOCKCHAIN TECHNOLOGY 56
5.3.2 ROUTER CHAIN FACILITATED CROSS-CHAIN GOVERNANCE AND INTEROPERABILITY IN BLOCKCHAIN NETWORKS 56
5.3.3 INTERCHAIN PROTOCOL’S CROSS-CHAIN INTEROPERABILITY ENABLED SEAMLESS TRADING ACROSS DIFFERENT BLOCKCHAIN NETWORKS 57
5.3.4 CROSS-BORDER SUPPLY CHAIN TRANSPARENCY ENHANCED VISIBILITY AND TRACEABILITY BY LEVERAGING BLOCKCHAIN TECHNOLOGY 58
5.3.5 INTEROPERABLE HEALTHCARE DATA EXCHANGE ENABLED EFFICIENT AND SECURE DATA FLOW 59
5.4 VALUE CHAIN ANALYSIS 60
FIGURE 19 BLOCKCHAIN INTEROPERABILITY MARKET: VALUE CHAIN ANALYSIS 60
5.4.1 RESEARCH AND DEVELOPMENT 61
5.4.2 INTEROPERABILITY SOLUTION PROVIDERS 61
5.4.3 BLOCKCHAIN NETWORK OPERATORS 61
5.4.4 APPLICATION SERVICES 61
5.4.5 EDUCATION AND CONSULTATION 61
5.4.6 INFRASTRUCTURE PROVIDERS 61
5.4.7 REGULATORY BODIES 61
5.4.8 END USERS AND STAKEHOLDERS 61
5.5 ECOSYSTEM/MARKET MAP 62
FIGURE 20 BLOCKCHAIN INTEROPERABILITY MARKET: MARKET MAP 62
5.5.1 ECOSYSTEM 62
TABLE 5 BLOCKCHAIN INTEROPERABILITY MARKET: ECOSYSTEM 62
5.6 PORTER’S FIVE FORCES ANALYSIS 63
FIGURE 21 BLOCKCHAIN INTEROPERABILITY MARKET: PORTER’S FIVE FORCES ANALYSIS 63
TABLE 6 BLOCKCHAIN INTEROPERABILITY MARKET: PORTER’S FIVE FORCES ANALYSIS 64
5.6.1 THREAT FROM NEW ENTRANTS 64
5.6.2 BARGAINING POWER OF SUPPLIERS 64
5.6.3 BARGAINING POWER OF BUYERS 64
5.6.4 THREAT OF SUBSTITUTES 65
5.6.5 INTENSITY OF COMPETITIVE RIVALRY 65
5.7 PRICING ANALYSIS 65
TABLE 7 PRICING ANALYSIS 66
5.8 TECHNOLOGY ANALYSIS 67
5.8.1 ARTIFICIAL INTELLIGENCE/MACHINE LEARNING 67
5.8.2 INTERNET OF THINGS 67
5.8.3 ANALYTICS TECHNOLOGIES 68
5.8.4 CRYPTO TRADING AND BLOCKCHAIN INTEROPERABILITY 68
5.8.5 INTEROPERABILITY PROTOCOLS 68
5.9 BLOCKCHAIN INTEROPERABILITY MECHANISM 69
FIGURE 22 BLOCKCHAIN INTEROPERABILITY MARKET: MECHANISMS AND OPERATIONS 69
5.10 BLOCKCHAIN INTEROPERABILITY APPROACHES/METHODS 69
5.10.1 SIDECHAINS 69
FIGURE 23 MULTI-BLOCKCHAIN INTEGRATION VIA SIDECHAINS 70
5.10.2 NOTARY SCHEMES 70
5.10.3 ORACLES 70
5.10.4 BLOCKCHAIN ROUTERS 70
5.10.5 PROTOCOLS 70
5.10.6 HASHED TIMELOCKS 71
5.11 PATENT ANALYSIS 71
FIGURE 24 BLOCKCHAIN INTEROPERABILITY MARKET: PATENT ANALYSIS 72
5.12 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 73
FIGURE 25 BLOCKCHAIN INTEROPERABILITY MARKET: TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 73
5.13 TARIFF AND REGULATORY LANDSCAPE 73
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 73
TABLE 8 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 73
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 77
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 77
FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS (%) 77
TABLE 9 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS (%) 77
5.15 KEY CONFERENCES & EVENTS, 2023–2024 78
TABLE 10 BLOCKCHAIN INTEROPERABILITY MARKET: KEY CONFERENCES & EVENTS, 2023–2024 78
6 BLOCKCHAIN INTEROPERABILITY MARKET, BY PROTOCOL 79
6.1 INTRODUCTION 79
6.1.1 PROTOCOL: BLOCKCHAIN INTEROPERABILITY MARKET DRIVERS 79
6.2 POLKADOT 80
6.2.1 NEED TO ENABLE SEAMLESS COMMUNICATION BETWEEN DIVERSE BLOCKCHAIN NETWORKS TO DRIVE MARKET 80
6.3 COSMOS 80
6.3.1 DEMAND FOR FRICTIONLESS CROSS-CHAIN ASSET TRANSFER TO DRIVE MARKET 80
6.4 AION 81
6.4.1 NEED FOR COMPREHENSIVE MULTI-BLOCKCHAIN FRAMEWORK AND ABILITY TO OVERCOME EXISTING BARRIERS TO PROPEL MARKET 81
6.5 WANCHAIN 82
6.5.1 RISING USE OF WCC TO BUILD INTEROPERABLE APPLICATIONS TO DRIVE MARKET 82
6.6 ARK 83
6.6.1 SMARTBRIDGES AND DPOS MECHANISMS TO MAKE ARK PROTOCOL FAST, SECURE, AND EASY-TO-USE 83
6.7 ICON 84
6.7.1 NEED FOR EASIER DATA TRANSFER AND CONNECT BLOCKCHAINS TO BOOST DEMAND FOR ICON PROTOCOL 84
6.8 CHAINLINK 84
6.8.1 NEED FOR DECENTRALIZED ORACLE NETWORK FOR BLOCKCHAIN INTEROPERABILITY TO DRIVE MARKET 84
6.9 REN 85
6.9.1 REN PROTOCOL TO BRIDGE BLOCKCHAINS TO TRANSFER ASSETS SEAMLESSLY 85
6.10 FUSION 86
6.10.1 HIERARCHICAL HYBRID CONSENSUS MECHANISM TO ENABLE DATA AND ASSET EXCHANGE AND CATALYZE BLOCKCHAIN INTEROPERABILITY 86
6.11 BLOCKNET 87
6.11.1 CROSS-CHAIN ATOMIC SWAPS, XBRIDGE TECHNOLOGY, AND DECENTRALIZED GOVERNANCE MECHANISMS TO BOOST DEMAND FOR BLOCKNET PROTOCOL 87
6.12 HARMONY 88
6.12.1 NEED TO ACCESS DAPPS, BUILD SMART CONTRACTS, AND HELP PLAYERS TRADE ASSETS TO BOOST MARKET 88
6.13 INTERLEDGER (RIPPLE) 89
6.13.1 NEED FOR SCALABLE AND SECURE PROTOCOL TO SEND PAYMENTS ACROSS DIFFERENT LEDGERS TO DRIVE MARKET 89
6.14 ALGORAND 90
6.14.1 PURE PROOF-OF-STAKE MECHANISM TO HELP ACHIEVE CONSENSUS 90
6.15 NEAR PROTOCOL 91
6.15.1 WELL-OPERATED AND MAINTAINED NEAR PROTOCOL TO ENSURE DECENTRALIZATION, RESILIENCE, AND SECURITY 91
6.16 QREDO 92
6.16.1 NEED TO INCORPORATE TRUSTLESS ATOMIC SWAPS AND DECENTRALIZED CUSTODY SOLUTIONS TO PROPEL MARKET 92
6.17 KYVE 93
6.17.1 DEMAND FOR EFFICIENT AND DECENTRALIZED DATA STORAGE AND INDEXING TO DRIVE MARKET 93
6.18 MULTICHAIN 94
6.18.1 NEED TO ESTABLISH STANDARDIZED FRAMEWORK FOR CROSS-CHAIN COMMUNICATION TO DRIVE DEMAND FOR MULTICHAIN PROTOCOL 94
6.19 NAORIS PROTOCOL 95
6.19.1 NEED TO FACILITATE SECURE DATA EXCHANGE TO DRIVE MARKET 95
7 BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION 97
7.1 INTRODUCTION 98
7.1.1 SOLUTION: BLOCKCHAIN INTEROPERABILITY MARKET DRIVERS 98
FIGURE 27 BLOCKCHAIN INTEROPERABILITY APIS SOLUTION SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 99
TABLE 11 BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2018–2022 (USD MILLION) 99
TABLE 12 BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2023–2028 (USD MILLION) 99
TABLE 13 BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 100
TABLE 14 BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 100
7.2 CROSS-CHAIN BRIDGES 100
7.2.1 CROSS-CHAIN BRIDGES SOLUTION TO FACILITATE SECURE DATA TRANSFER THROUGH VARIOUS MECHANISMS 100
TABLE 15 CROSS-CHAIN BRIDGES: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2018–2022 (USD MILLION) 101
TABLE 16 CROSS-CHAIN BRIDGES: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2023–2028 (USD MILLION) 101
7.3 CROSS-CHAIN APIS 102
7.3.1 NEED FOR SEAMLESS TRANSFER OF DIGITAL ASSETS, DATA EXCHANGE, AND TRACKING AND VERIFICATION OF SUPPLY CHAIN DATA TO BOOST MARKET 102
TABLE 17 CROSS-CHAIN APIS: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2018–2022 (USD MILLION) 103
TABLE 18 CROSS-CHAIN APIS: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2023–2028 (USD MILLION) 103
7.4 FEDERATED OR CONSORTIUM BLOCKCHAIN 103
7.4.1 SEAMLESS TRANSFER OF ASSETS AND INFORMATION TO DRIVE DEMAND FOR FEDERATED OR CONSORTIUM BLOCKCHAIN SOLUTION 103
TABLE 19 FEDERATED OR CONSORTIUM BLOCKCHAIN: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2018–2022 (USD MILLION) 104
TABLE 20 FEDERATED OR CONSORTIUM BLOCKCHAIN: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2023–2028 (USD MILLION) 105
7.5 OTHER SOLUTIONS 105
7.5.1 ATOMIC SWAPS 105
7.5.2 BLOCKCHAIN ORACLES 106
7.5.2.1 Types of blockchain oracle 106
8 BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION 108
8.1 INTRODUCTION 109
8.1.1 APPLICATION: BLOCKCHAIN INTEROPERABILITY MARKET DRIVERS 109
FIGURE 28 DIGITAL ASSETS/NFTS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 109
TABLE 21 BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 110
TABLE 22 BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 110
8.2 DIGITAL ASSETS/NFTS 110
8.2.1 BLOCKCHAIN INTEROPERABILITY TO HELP NFT USERS SEAMLESSLY TRANSFER ASSETS ACROSS BLOCKCHAIN NETWORKS 110
TABLE 23 DIGITAL ASSETS/NFTS: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2018–2022 (USD MILLION) 111
TABLE 24 DIGITAL ASSETS/NFTS: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2023–2028 (USD MILLION) 111
8.3 DECENTRALIZED APPLICATIONS 112
8.3.1 BLOCKCHAIN INTEROPERABILITY TO ENABLE DAPPS TO FACILITATE CROSS-CHAIN COMMUNICATION AND ASSET TRANSFER 112
TABLE 25 DECENTRALIZED APPLICATIONS: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2018–2022 (USD MILLION) 112
TABLE 26 DECENTRALIZED APPLICATIONS: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2023–2028 (USD MILLION) 112
8.4 CROSS-CHAIN TRADING & EXCHANGE 113
8.4.1 CROSS-CHAIN TRADING & EXCHANGE TO HELP IMPROVE EXPERIENCE AND REDUCE FEES 113
TABLE 27 CROSS-CHAIN TRADING & EXCHANGE: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2018–2022 (USD MILLION) 114
TABLE 28 CROSS-CHAIN TRADING & EXCHANGE: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2023–2028 (USD MILLION) 114
8.5 CROSS-CHAIN MESSAGING & DATA SHARING 114
8.5.1 CROSS-CHAIN MESSAGING & DATA SHARING TO FACILITATE TOKENS AND DIGITAL ASSETS TRANSFER 114
TABLE 29 CROSS-CHAIN MESSAGING & DATA SHARING: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2018–2022 (USD MILLION) 116
TABLE 30 CROSS-CHAIN MESSAGING & DATA SHARING: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2023–2028 (USD MILLION) 116
9 BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL 117
9.1 INTRODUCTION 118
FIGURE 29 HEALTHCARE VERTICAL TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 118
TABLE 31 BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 118
TABLE 32 BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 119
9.2 BANKING, FINANCIAL SERVICES, AND INSURANCE 119
9.2.1 DEMAND FOR CROSS-BORDER PAYMENTS, ASSET TOKENIZATION, AND KYC PROCESSES TO DRIVE MARKET 119
TABLE 33 BANKING, FINANCIAL SERVICES, AND INSURANCE: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2018–2022 (USD MILLION) 120
TABLE 34 BANKING, FINANCIAL SERVICES, AND INSURANCE: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2023–2028 (USD MILLION) 121
9.3 HEALTHCARE 121
9.3.1 NEED FOR SEAMLESS DATA EXCHANGE AND STREAMLINED APPROACH TO DRIVE DEMAND FOR BLOCKCHAIN INTEROPERABILITY 121
TABLE 35 HEALTHCARE: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2018–2022 (USD MILLION) 122
TABLE 36 HEALTHCARE: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2023–2028 (USD MILLION) 122
9.4 GAMING & ENTERTAINMENT 122
9.4.1 NEED TO TRANSCEND DIGITAL ASSETS, FOSTER INNOVATION, AND ENHANCE EXPERIENCES TO BOOST MARKET 122
TABLE 37 GAMING & ENTERTAINMENT: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2018–2022 (USD MILLION) 123
TABLE 38 GAMING & ENTERTAINMENT: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2023–2028 (USD MILLION) 123
9.5 IT & ITES 123
9.5.1 STREAMLINING DATA SHARING AND ENHANCING SUPPLY CHAIN MANAGEMENT TO DRIVE DEMAND FOR BLOCKCHAIN INTEROPERABILITY 123
TABLE 39 IT & ITES: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2018–2022 (USD MILLION) 124
TABLE 40 IT & ITES: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2023–2028 (USD MILLION) 124
9.6 TELECOMMUNICATIONS 125
9.6.1 SEAMLESS DATA EXCHANGE, INCREASED EFFICIENCY, AND ENHANCED SECURITY TO BOOST MARKET 125
TABLE 41 TELECOMMUNICATIONS: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2018–2022 (USD MILLION) 126
TABLE 42 TELECOMMUNICATIONS: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2023–2028 (USD MILLION) 126
9.7 FOOD & AGRICULTURE 126
9.7.1 NEED TO ACHIEVE TRANSPARENCY AND TRACEABILITY, AS WELL AS ENSURE AUTHENTICITY AND QUALITY TO PROPEL MARKET 126
TABLE 43 FOOD & AGRICULTURE: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2018–2022 (USD MILLION) 127
TABLE 44 FOOD & AGRICULTURE: BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2023–2028 (USD MILLION) 127
9.8 OTHER VERTICALS 127
9.8.1 REAL ESTATE 128
9.8.2 MANUFACTURING 128
9.8.3 RETAIL & ECOMMERCE 129
9.8.4 GOVERNMENT 129
10 BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION 130
10.1 INTRODUCTION 131
FIGURE 30 ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 132
TABLE 45 BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2018–2022 (USD MILLION) 132
TABLE 46 BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION, 2023–2028 (USD MILLION) 132
10.2 NORTH AMERICA 133
10.2.1 NORTH AMERICA: BLOCKCHAIN INTEROPERABILITY MARKET DRIVERS 133
10.2.2 NORTH AMERICA: RECESSION IMPACT 134
10.2.3 NORTH AMERICA: REGULATORY LANDSCAPE 134
FIGURE 31 NORTH AMERICA: MARKET SNAPSHOT 135
TABLE 47 NORTH AMERICA: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 135
TABLE 48 NORTH AMERICA: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 136
TABLE 49 NORTH AMERICA: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 136
TABLE 50 NORTH AMERICA: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 136
TABLE 51 NORTH AMERICA: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 137
TABLE 52 NORTH AMERICA: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 137
TABLE 53 NORTH AMERICA: BLOCKCHAIN INTEROPERABILITY MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 137
TABLE 54 NORTH AMERICA: BLOCKCHAIN INTEROPERABILITY MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 138
10.2.4 US 138
10.2.4.1 Government initiatives to promote blockchain interoperability solutions to drive demand 138
TABLE 55 US: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 139
TABLE 56 US: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 139
TABLE 57 US: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 139
TABLE 58 US: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 140
TABLE 59 US: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 140
TABLE 60 US: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 140
10.2.5 CANADA 141
10.2.5.1 IPFS initiative and investment by government to propel demand for blockchain interoperability solutions 141
TABLE 61 CANADA: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 141
TABLE 62 CANADA: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 142
TABLE 63 CANADA: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 142
TABLE 64 CANADA: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 142
TABLE 65 CANADA: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 143
TABLE 66 CANADA: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 143
10.3 EUROPE 144
10.3.1 EUROPE: BLOCKCHAIN INTEROPERABILITY MARKET DRIVERS 144
10.3.2 EUROPE: RECESSION IMPACT 145
10.3.3 EUROPE: REGULATORY LANDSCAPE 145
TABLE 67 EUROPE: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 145
TABLE 68 EUROPE: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 146
TABLE 69 EUROPE: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 146
TABLE 70 EUROPE: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 146
TABLE 71 EUROPE: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 147
TABLE 72 EUROPE: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 147
TABLE 73 EUROPE: BLOCKCHAIN INTEROPERABILITY MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 148
TABLE 74 EUROPE: BLOCKCHAIN INTEROPERABILITY MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 148
10.3.4 UK 148
10.3.4.1 Partnership between National Archives and Open Data Institute to leverage adoption of blockchain interoperability solutions 148
TABLE 75 UK: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 149
TABLE 76 UK: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 149
TABLE 77 UK: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 149
TABLE 78 UK: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 150
TABLE 79 UK: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 150
TABLE 80 UK: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 150
10.3.5 GERMANY 151
10.3.5.1 Government initiatives and strategies to deploy blockchain interoperability to drive market 151
TABLE 81 GERMANY: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 151
TABLE 82 GERMANY: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 152
TABLE 83 GERMANY: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 152
TABLE 84 GERMANY: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 152
TABLE 85 GERMANY: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 153
TABLE 86 GERMANY: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 153
10.3.6 SWITZERLAND 153
10.3.6.1 Favorable regulatory environment and robust financial infrastructure to propel blockchain interoperability market 153
TABLE 87 SWITZERLAND: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 154
TABLE 88 SWITZERLAND: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 154
TABLE 89 SWITZERLAND: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 155
TABLE 90 SWITZERLAND: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 155
TABLE 91 SWITZERLAND: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 155
TABLE 92 SWITZERLAND: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 156
10.3.7 REST OF EUROPE 156
TABLE 93 REST OF EUROPE: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 156
TABLE 94 REST OF EUROPE: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 157
TABLE 95 REST OF EUROPE: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 157
TABLE 96 REST OF EUROPE: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 157
TABLE 97 REST OF EUROPE: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 158
TABLE 98 REST OF EUROPE: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 158
10.4 ASIA PACIFIC 159
10.4.1 ASIA PACIFIC: BLOCKCHAIN INTEROPERABILITY MARKET DRIVERS 159
10.4.2 ASIA PACIFIC: RECESSION IMPACT 160
10.4.3 ASIA PACIFIC: REGULATORY LANDSCAPE 160
FIGURE 32 ASIA PACIFIC: MARKET SNAPSHOT 161
TABLE 99 ASIA PACIFIC: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 161
TABLE 100 ASIA PACIFIC: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 162
TABLE 101 ASIA PACIFIC: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 162
TABLE 102 ASIA PACIFIC: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 162
TABLE 103 ASIA PACIFIC: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 163
TABLE 104 ASIA PACIFIC: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 163
TABLE 105 ASIA PACIFIC: BLOCKCHAIN INTEROPERABILITY MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 164
TABLE 106 ASIA PACIFIC: BLOCKCHAIN INTEROPERABILITY MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 164
10.4.4 CHINA 164
10.4.4.1 Initiatives by People’s Bank of China and creation of blockchain-based trade finance platform to drive market 164
TABLE 107 CHINA: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 165
TABLE 108 CHINA: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 165
TABLE 109 CHINA: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 165
TABLE 110 CHINA: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 166
TABLE 111 CHINA: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 166
TABLE 112 CHINA: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 166
10.4.5 JAPAN 167
10.4.5.1 Need to explore ways to break down data silos and enhance collaboration between blockchain networks to drive market 167
TABLE 113 JAPAN: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 167
TABLE 114 JAPAN: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 168
TABLE 115 JAPAN: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 168
TABLE 116 JAPAN: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 168
TABLE 117 JAPAN: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 169
TABLE 118 JAPAN: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 169
10.4.6 SINGAPORE 170
10.4.6.1 Need to enhance air travel operations to fuel demand for blockchain interoperability solutions 170
TABLE 119 SINGAPORE: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 171
TABLE 120 SINGAPORE: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 171
TABLE 121 SINGAPORE: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 171
TABLE 122 SINGAPORE: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 172
TABLE 123 SINGAPORE: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 172
TABLE 124 SINGAPORE: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 172
10.4.7 INDIA 173
10.4.7.1 Government initiatives and demand from healthcare sector to boost market 173
TABLE 125 INDIA: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 173
TABLE 126 INDIA: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 174
TABLE 127 INDIA: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 174
TABLE 128 INDIA: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 174
TABLE 129 INDIA: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 175
TABLE 130 INDIA: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 175
10.4.8 THAILAND 175
10.4.8.1 Thailand Blockchain Association to promote and provide training for blockchain interoperability 175
TABLE 131 THAILAND: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 176
TABLE 132 THAILAND: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 177
TABLE 133 THAILAND: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 177
TABLE 134 THAILAND: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 177
TABLE 135 THAILAND: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 178
TABLE 136 THAILAND: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 178
10.4.9 REST OF ASIA PACIFIC 179
TABLE 137 REST OF ASIA PACIFIC: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 179
TABLE 138 REST OF ASIA PACIFIC: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 179
TABLE 139 REST OF ASIA PACIFIC: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 180
TABLE 140 REST OF ASIA PACIFIC: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 180
TABLE 141 REST OF ASIA PACIFIC: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 180
TABLE 142 REST OF ASIA PACIFIC: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 181
10.5 MIDDLE EAST & AFRICA 181
10.5.1 MIDDLE EAST & AFRICA: BLOCKCHAIN INTEROPERABILITY MARKET DRIVERS 181
10.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT 182
10.5.3 MIDDLE EAST & AFRICA: REGULATORY LANDSCAPE 182
TABLE 143 MIDDLE EAST & AFRICA: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 182
TABLE 144 MIDDLE EAST & AFRICA: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 183
TABLE 145 MIDDLE EAST & AFRICA: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 183
TABLE 146 MIDDLE EAST & AFRICA: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 183
TABLE 147 MIDDLE EAST & AFRICA: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 184
TABLE 148 MIDDLE EAST & AFRICA: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 184
TABLE 149 MIDDLE EAST & AFRICA: BLOCKCHAIN INTEROPERABILITY MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 184
TABLE 150 MIDDLE EAST & AFRICA: BLOCKCHAIN INTEROPERABILITY MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 185
10.5.4 MIDDLE EAST 185
10.5.4.1 UAE 185
10.5.4.1.1 Dubai Blockchain Strategy to leverage blockchain interoperability 185
10.5.4.2 Israel 186
10.5.4.2.1 National Blockchain Plan and other government initiatives to drive demand for blockchain interoperability solutions 186
10.5.4.3 Rest of Middle East 187
10.5.5 AFRICA 187
10.5.5.1 Collaboration among organizations and researchers to enable seamless communication and data sharing to boost market 187
10.6 LATIN AMERICA 188
10.6.1 LATIN AMERICA: BLOCKCHAIN INTEROPERABILITY MARKET DRIVERS 188
10.6.2 LATIN AMERICA: RECESSION IMPACT 188
10.6.3 LATIN AMERICA: REGULATORY LANDSCAPE 189
TABLE 151 LATIN AMERICA: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2018–2022 (USD MILLION) 189
TABLE 152 LATIN AMERICA: BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 189
TABLE 153 LATIN AMERICA: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 190
TABLE 154 LATIN AMERICA: BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 190
TABLE 155 LATIN AMERICA: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 190
TABLE 156 LATIN AMERICA: BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 191
TABLE 157 LATIN AMERICA: BLOCKCHAIN INTEROPERABILITY MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 191
TABLE 158 LATIN AMERICA: BLOCKCHAIN INTEROPERABILITY MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 191
10.6.4 BRAZIL 192
10.6.4.1 Need for secure and transparent transactions and demand for open-source blockchain platforms to drive market 192
10.6.5 MEXICO 192
10.6.5.1 Government initiatives and rising demand for secure and transparent transactions to propel market 192
10.6.6 ARGENTINA 193
10.6.6.1 Research and development and collaboration with international organizations to drive demand for blockchain interoperability 193
10.6.7 REST OF LATIN AMERICA 193
11 COMPETITIVE LANDSCAPE 194
11.1 OVERVIEW 194
11.2 HISTORICAL REVENUE ANALYSIS 194
FIGURE 33 HISTORICAL REVENUE ANALYSIS OF KEY BLOCKCHAIN INTEROPERABILITY VENDORS, 2018–2022 (USD MILLION) 194
11.3 BLOCKCHAIN INTEROPERABILITY MARKET: RANKING OF KEY PLAYERS 195
FIGURE 34 BLOCKCHAIN INTEROPERABILITY MARKET: RANKING OF KEY PLAYERS 195
11.4 MARKET SHARE ANALYSIS 195
FIGURE 35 BLOCKCHAIN INTEROPERABILITY MARKET SHARE, 2022 195
TABLE 159 BLOCKCHAIN INTEROPERABILITY MARKET: DEGREE OF COMPETITION 196
11.5 EVALUATION QUADRANT FOR STARTUPS/SMES 196
11.5.1 PROGRESSIVE COMPANIES 196
11.5.2 RESPONSIVE COMPANIES 197
11.5.3 DYNAMIC COMPANIES 197
11.5.4 STARTING BLOCKS 197
FIGURE 36 BLOCKCHAIN INTEROPERABILITY MARKET: SMES/STARTUPS EVALUATION QUADRANT (2022) 198
11.6 COMPETITIVE BENCHMARKING FOR STARTUPS/SMES 199
TABLE 160 LIST OF STARTUPS/SMES AND FUNDING 199
TABLE 161 REGIONAL FOOTPRINT OF STARTUPS/SMES 199
11.7 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS 200
FIGURE 37 BLOCKCHAIN INTEROPERABILITY: GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS, 2022 200
11.8 COMPETITIVE SCENARIO 201
11.8.1 PRODUCT LAUNCHES & ENHANCEMENTS 201
TABLE 162 BLOCKCHAIN INTEROPERABILITY MARKET: PRODUCT LAUNCHES & ENHANCEMENTS, JANUARY 2021–MAY 2023 201
11.8.2 DEALS 202
TABLE 163 BLOCKCHAIN INTEROPERABILITY MARKET: DEALS, JANUARY 2021–MAY 2023 202
12 COMPANY PROFILES 205
12.1 KEY PLAYERS 205
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*
12.1.1 ORACLE 205
TABLE 164 ORACLE: BUSINESS OVERVIEW 205
FIGURE 38 ORACLE: COMPANY SNAPSHOT 206
TABLE 165 ORACLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 206
TABLE 166 ORACLE: PRODUCT LAUNCHES 207
TABLE 167 ORACLE: DEALS 207
12.1.2 R3 209
TABLE 168 R3: BUSINESS OVERVIEW 209
TABLE 169 R3: PRODUCTS/SOLUTIONS/SERVICES OFFERED 209
TABLE 170 R3: DEALS 210
12.1.3 GAVS TECHNOLOGIES 212
TABLE 171 GAVS TECHNOLOGIES: BUSINESS OVERVIEW 212
TABLE 172 GAVS TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 212
TABLE 173 GAVS TECHNOLOGIES: PRODUCT LAUNCHES 213
TABLE 174 GAVS TECHNOLOGIES: DEALS 213
12.1.4 LEEWAYHERTZ 215
TABLE 175 LEEWAYHERTZ: BUSINESS OVERVIEW 215
TABLE 176 LEEWAYHERTZ: PRODUCTS/SOLUTIONS/SERVICES OFFERED 215
TABLE 177 LEEWAYHERTZ: DEALS 216
12.1.5 ONTOLOGY 218
TABLE 178 ONTOLOGY: BUSINESS OVERVIEW 218
TABLE 179 ONTOLOGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 218
TABLE 180 ONTOLOGY: PRODUCT LAUNCHES 219
TABLE 181 ONTOLOGY: DEALS 220
12.1.6 INERY 222
TABLE 182 INERY: BUSINESS OVERVIEW 222
TABLE 183 INERY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 222
TABLE 184 INERY: PRODUCT LAUNCHES 223
TABLE 185 INERY: DEALS 223
12.2 OTHER PLAYERS 225
12.2.1 FUSION FOUNDATION 225
12.2.2 QUANT NETWORK 226
12.2.3 BAND PROTOCOL 227
12.2.4 LIQUID APPS 228
12.2.5 LI.FI 229
12.2.6 BICONOMY 230
12.2.7 DATACHAIN 231
12.2.8 RIODEFI 232
12.2.9 POLYHEDRA NETWORK 233
12.2.10 SUPRAORACLES 234
12.2.11 ORB LABS 235
12.2.12 CHAINPORT 236
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
13 ADJACENT MARKETS 237
13.1 INTRODUCTION 237
TABLE 186 ADJACENT MARKETS AND FORECASTS 237
13.2 LIMITATIONS 237
13.3 BLOCKCHAIN MARKET 237
TABLE 187 BLOCKCHAIN MARKET, BY COMPONENT, 2018–2021 (USD MILLION) 237
TABLE 188 BLOCKCHAIN MARKET, BY COMPONENT, 2022–2027 (USD MILLION) 238
TABLE 189 BLOCKCHAIN MARKET, BY SERVICE, 2018–2021 (USD MILLION) 238
TABLE 190 BLOCKCHAIN MARKET, BY SERVICE, 2022–2027 (USD MILLION) 238
TABLE 191 BLOCKCHAIN MARKET, BY PROVIDER, 2018–2021 (USD MILLION) 238
TABLE 192 BLOCKCHAIN MARKET, BY PROVIDER, 2022–2027 (USD MILLION) 239
TABLE 193 BLOCKCHAIN MARKET, BY TYPE, 2018–2021 (USD MILLION) 239
TABLE 194 BLOCKCHAIN MARKET, BY TYPE, 2022–2027 (USD MILLION) 239
TABLE 195 BLOCKCHAIN MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION) 239
TABLE 196 BLOCKCHAIN MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION) 240
TABLE 197 BLOCKCHAIN MARKET, BY APPLICATION, 2018–2021 (USD MILLION) 240
TABLE 198 BLOCKCHAIN MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 241
TABLE 199 BLOCKCHAIN MARKET, BY REGION, 2018–2021 (USD MILLION) 241
TABLE 200 BLOCKCHAIN MARKET, BY REGION, 2022–2027 (USD MILLION) 242
13.4 DECENTRALIZED IDENTITY MARKET 242
TABLE 201 DECENTRALIZED IDENTITY MARKET, BY IDENTITY TYPE, 2019–2027 (USD MILLION) 242
TABLE 202 DECENTRALIZED IDENTITY MARKET, BY END-USER, 2019–2027 (USD MILLION) 242
TABLE 203 DECENTRALIZED IDENTITY MARKET, BY ORGANIZATION SIZE, 2019–2027 (USD MILLION) 243
TABLE 204 DECENTRALIZED IDENTITY MARKET, BY VERTICAL, 2019–2027 (USD MILLION) 243
TABLE 205 DECENTRALIZED IDENTITY MARKET, BY REGION, 2019–2027 (USD MILLION) 243
14 APPENDIX 244
14.1 DISCUSSION GUIDE 244
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 248
14.3 AVAILABLE CUSTOMIZATIONS 250
14.4 RELATED REPORTS 250
14.5 AUTHOR DETAILS 251