According to Future Market Insights' study, the market for enterprise-grade DLT is expected to grow at a CAGR of 26.7% over the estimated period of 2022 to 2032. The industry value is expected to grow from US$ 3.6 million in 2022 to US$ 38.8 million in 2032. Some of the key factors determining the market growth include:
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The enterprise-grade DLT market witnessed steady growth in the historical period of 2017 to 2021, arriving at a market valuation of US$ 2.9 million by the end of 2021. The growing government initiatives, widespread use of smartphones, and rise in the penetration of the internet propelled the market in recent years. Going forward, the market is predicted to move at a robust CAGR of 26.7% over the stipulated time period of 2022 to 2032 and is estimated to attain US$ 38.8 million by the 2032 year-end.
The market is forecast to drive forward as a result of rising venture capital funding and investment in the technology, and wide application of enterprise-grade DLT solutions, including smart contracts, payment, and digital entities. Further, the surging utilization of Hyperledger, which is a DLT-based development platform for blockchain solutions providing transparency, speed, and cost-efficiency for business transactions, is projected to aid the market development over the forecast period.
Hyperledger is used in various industries, such as banking, information technology, supply chain, insurance, retail, supply chain, virtualization, finance, IoT, and manufacturing, etc. It offers modular and configurable architecture, versatility in the creation of BCT solutions for diverse use cases, a highly scalable system, and supports various DBMS for ledger maintenance.
The enterprise-grade DLT market is replete with opportunities, as the technology is perceived to offer great potential in various applications, including cybersecurity, banking, and IoT. Extensive utilization of IoT devices in numerous applications, such as smart transportation, smart grids, smart city projects, smart homes, vehicular connectivity, and autonomous vehicles, is projected to foster market development over the forecast period. Due to the rapidly growing market of IoT devices, many enterprises are originating updated technology use cases utilizing IoT devices.
Many pioneers are implementing distributed ledger solutions for a decentralized network of IoT devices, thus eliminating the requirement for a central location to manage communications between devices. The enterprise-grade distributed ledger technology is predicted to enable direct communication between devices, consequently eliminating the need for other monitoring systems.
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Various challenges that block the path for the enterprise-grade DLT market include technical issues, such as legal concerns, interoperability, standardization, and privacy. The challenge of interoperability can arise at multiple levels, at the technology level, and at the level of semantics, data models, and processes utilized in particular platforms and applications.
In addition to lack of legal clarity, lack of standards is emerging as a key challenge as the industry is moving towards digitization. On top of this, another issue of jurisdictional standardization is adding to the considerable challenge of legal systems amendment to permit trade digitization.
The supply chain segment accounted for a market share of 27.8% in 2021. The growing demand for sophisticated supply chains in complex ecosystems and markets that involve many agreements, is catalyzing the segment growth in the market. The application of enterprise-grade DLT in the supply chain allows heightened simplicity, enhanced transparency, fraud and error prevention, tamper-proof verification, increased efficiency, and finality.
Meanwhile, the payments category is predicted to witness rapid growth over the stipulated time frame, growing at a CAGR of 28.7%. The growing utilization of enterprise-grade DLT solutions by companies to custody and shift digital assets across entities and borders to meet the capital and liquidity requirements of the firm is predicted to facilitate the demand for enterprise-grade DLT in payments.
Cloud is predicted to observe a rapid CAGR of 28.6% between 2022 to 2032. The growing adoption of enterprise-grade DLT solutions by top cloud services providers, such as AWS, Alibaba, Google, Baidu, IBM, Huawei, SAP, Oracle, and Tencent is projected to contribute towards the market development of the global enterprise-grade DLT market over the forecast period.
As of 2021, the finance industry was estimated to account for a market share of 26.5% of the overall market, on the basis of industry. The growing innovation in the market to cater to the growing requirement to enhance private data privacy is anticipated to drive the adoption of enterprise-grade DLT solutions in the financial services industry.
Medium-sized enterprises are predicted to grow at the fastest CAGR of 28.7% in the upcoming years. The surging adoption of enterprise-grade DLT services owing to an emerging interest in distributed ledger technology for secure financial transactions is predicted to boost the growth of the enterprise-grade DLT market.
North America enterprise-grade DLT market accounts for 29.8% of the overall market share. The market growth in the region can be attributed to the early adoption of enterprise-grade DLT services and the availability of various vendors that offer security and DLT solutions are anticipated to propel the regional market growth. Furthermore, the surging implementation of security and risk management solution by businesses residing in the region to provide data security, safety against cyber-attacks, and commercial surveillance, to enable business continuity is projected to boost the market growth.
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Enterprise-grade DLT solutions are employed to either better the existing businesses or unlock new business opportunities. The surging use- cases for DLT are emerging every day, thus propelling the market development. Technological support is required by enterprises while developing, managing, and maintaining solutions. Many players offer technological as well as architectural support for developing enterprise-grade DLT solutions. Hyperledger, Ethereum, R3- Corda, Ripple, ERIS, Insolar, Multichain, etc., are but a few of the enablers of DLT services and solutions.
Fujitsu opened FUJITSU Track and Trust Solution Center, an international enterprise blockchain in Brussels, Belgium in 2018. The Solution Center is dedicated to the firm’s commitment to distributed ledger technology and blockchain as a means to transform the way enterprises and consumers buy, exchange, and sell goods and services.
The Center also enables organizations to modify their operational and commercial models. The Solution Center is in charge of research with outer partners, uniting on particular projects to together explore DLT’s potential beyond financial services.
The global enterprise-grade DLT market is estimated to be valued at US$ 3.6 million in 2022.
The enterprise-grade DLT market is likely to grow at a CAGR of 26.7% from 2022 to 2032.
The enterprise-grade DLT market is projected to reach a valuation of US$ 38.8 million by 2033.
North America is projected to lead the global enterprise-grade DLT market by 2033.
1. Executive Summary | Enterprise-Grade DLT Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ million) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ million) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ million) Analysis By Application, 2017 to 2021
5.3. Current and Future Market Size Value (US$ million) Analysis and Forecast By Application, 2022 to 2032
5.3.1. Supply Chain
5.3.2. Digital Identity
5.3.3. Payments
5.3.4. Smart Contracts
5.3.5. Others
5.4. Y-o-Y Growth Trend Analysis By Application, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Application, 2022 to 2032
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Deployment Mode
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ million) Analysis By Deployment Mode, 2017 to 2021
6.3. Current and Future Market Size Value (US$ million) Analysis and Forecast By Deployment Mode, 2022 to 2032
6.3.1. Cloud
6.3.2. On-Premise
6.4. Y-o-Y Growth Trend Analysis By Deployment Mode, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Deployment Mode, 2022 to 2032
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Industry
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ million) Analysis By Industry, 2017 to 2021
7.3. Current and Future Market Size Value (US$ million) Analysis and Forecast By Industry, 2022 to 2032
7.3.1. Finance
7.3.2. Manufacturing and Resources
7.3.3. Distribution Services
7.3.4. Services
7.3.5. Public Sector
7.3.6. Infrastructure
7.4. Y-o-Y Growth Trend Analysis By Industry, 2017 to 2021
7.5. Absolute $ Opportunity Analysis By Industry, 2022 to 2032
8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Enterprise Size
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ million) Analysis By Enterprise Size, 2017 to 2021
8.3. Current and Future Market Size Value (US$ million) Analysis and Forecast By Enterprise Size, 2022 to 2032
8.3.1. Small Offices (1-9 employees)
8.3.2. Small Enterprises (10-99 employees)
8.3.3. Medium-sized Enterprises (100-499 employees)
8.3.4. Large enterprises (500-999 employees)
8.3.5. Very Large Enterprises (1000+ employees)
8.4. Y-o-Y Growth Trend Analysis By Enterprise Size, 2017 to 2021
8.5. Absolute $ Opportunity Analysis By Enterprise Size, 2022 to 2032
9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
9.1. Introduction
9.2. Historical Market Size Value (US$ million) Analysis By Region, 2017 to 2021
9.3. Current Market Size Value (US$ million) Analysis and Forecast By Region, 2022 to 2032
9.3.1. North America
9.3.2. Latin America
9.3.3. Europe
9.3.4. South Asia
9.3.5. East Asia
9.3.6. Oceania
9.3.7. Middle East and Africa
9.4. Market Attractiveness Analysis By Region
10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. United States of America
10.2.1.2. Canada
10.2.2. By Application
10.2.3. By Deployment Mode
10.2.4. By Industry
10.2.5. By Enterprise Size
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Application
10.3.3. By Deployment Mode
10.3.4. By Industry
10.3.5. By Enterprise Size
10.4. Key Takeaways
11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2021
11.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. Brazil
11.2.1.2. Mexico
11.2.1.3. Rest of Latin America
11.2.2. By Application
11.2.3. By Deployment Mode
11.2.4. By Industry
11.2.5. By Enterprise Size
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Application
11.3.3. By Deployment Mode
11.3.4. By Industry
11.3.5. By Enterprise Size
11.4. Key Takeaways
12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2021
12.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. Germany
12.2.1.2. United Kingdom
12.2.1.3. France
12.2.1.4. Spain
12.2.1.5. Italy
12.2.1.6. Rest of Europe
12.2.2. By Application
12.2.3. By Deployment Mode
12.2.4. By Industry
12.2.5. By Enterprise Size
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Application
12.3.3. By Deployment Mode
12.3.4. By Industry
12.3.5. By Enterprise Size
12.4. Key Takeaways
13. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
13.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2021
13.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2022 to 2032
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Malaysia
13.2.1.3. Singapore
13.2.1.4. Thailand
13.2.1.5. Rest of South Asia
13.2.2. By Application
13.2.3. By Deployment Mode
13.2.4. By Industry
13.2.5. By Enterprise Size
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Application
13.3.3. By Deployment Mode
13.3.4. By Industry
13.3.5. By Enterprise Size
13.4. Key Takeaways
14. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
14.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2021
14.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2022 to 2032
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Application
14.2.3. By Deployment Mode
14.2.4. By Industry
14.2.5. By Enterprise Size
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Application
14.3.3. By Deployment Mode
14.3.4. By Industry
14.3.5. By Enterprise Size
14.4. Key Takeaways
15. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
15.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2021
15.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2022 to 2032
15.2.1. By Country
15.2.1.1. Australia
15.2.1.2. New Zealand
15.2.2. By Application
15.2.3. By Deployment Mode
15.2.4. By Industry
15.2.5. By Enterprise Size
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Application
15.3.3. By Deployment Mode
15.3.4. By Industry
15.3.5. By Enterprise Size
15.4. Key Takeaways
16. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
16.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2021
16.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2022 to 2032
16.2.1. By Country
16.2.1.1. GCC Countries
16.2.1.2. South Africa
16.2.1.3. Israel
16.2.1.4. Rest of MEA
16.2.2. By Application
16.2.3. By Deployment Mode
16.2.4. By Industry
16.2.5. By Enterprise Size
16.3. Market Attractiveness Analysis
16.3.1. By Country
16.3.2. By Application
16.3.3. By Deployment Mode
16.3.4. By Industry
16.3.5. By Enterprise Size
16.4. Key Takeaways
17. Key Countries Market Analysis
17.1. United States of America
17.1.1. Pricing Analysis
17.1.2. Market Share Analysis, 2021
17.1.2.1. By Application
17.1.2.2. By Deployment Mode
17.1.2.3. By Industry
17.1.2.4. By Enterprise Size
17.2. Canada
17.2.1. Pricing Analysis
17.2.2. Market Share Analysis, 2021
17.2.2.1. By Application
17.2.2.2. By Deployment Mode
17.2.2.3. By Industry
17.2.2.4. By Enterprise Size
17.3. Brazil
17.3.1. Pricing Analysis
17.3.2. Market Share Analysis, 2021
17.3.2.1. By Application
17.3.2.2. By Deployment Mode
17.3.2.3. By Industry
17.3.2.4. By Enterprise Size
17.4. Mexico
17.4.1. Pricing Analysis
17.4.2. Market Share Analysis, 2021
17.4.2.1. By Application
17.4.2.2. By Deployment Mode
17.4.2.3. By Industry
17.4.2.4. By Enterprise Size
17.5. Germany
17.5.1. Pricing Analysis
17.5.2. Market Share Analysis, 2021
17.5.2.1. By Application
17.5.2.2. By Deployment Mode
17.5.2.3. By Industry
17.5.2.4. By Enterprise Size
17.6. United Kingdom
17.6.1. Pricing Analysis
17.6.2. Market Share Analysis, 2021
17.6.2.1. By Application
17.6.2.2. By Deployment Mode
17.6.2.3. By Industry
17.6.2.4. By Enterprise Size
17.7. France
17.7.1. Pricing Analysis
17.7.2. Market Share Analysis, 2021
17.7.2.1. By Application
17.7.2.2. By Deployment Mode
17.7.2.3. By Industry
17.7.2.4. By Enterprise Size
17.8. Spain
17.8.1. Pricing Analysis
17.8.2. Market Share Analysis, 2021
17.8.2.1. By Application
17.8.2.2. By Deployment Mode
17.8.2.3. By Industry
17.8.2.4. By Enterprise Size
17.9. Italy
17.9.1. Pricing Analysis
17.9.2. Market Share Analysis, 2021
17.9.2.1. By Application
17.9.2.2. By Deployment Mode
17.9.2.3. By Industry
17.9.2.4. By Enterprise Size
17.10. India
17.10.1. Pricing Analysis
17.10.2. Market Share Analysis, 2021
17.10.2.1. By Application
17.10.2.2. By Deployment Mode
17.10.2.3. By Industry
17.10.2.4. By Enterprise Size
17.11. Malaysia
17.11.1. Pricing Analysis
17.11.2. Market Share Analysis, 2021
17.11.2.1. By Application
17.11.2.2. By Deployment Mode
17.11.2.3. By Industry
17.11.2.4. By Enterprise Size
17.12. Singapore
17.12.1. Pricing Analysis
17.12.2. Market Share Analysis, 2021
17.12.2.1. By Application
17.12.2.2. By Deployment Mode
17.12.2.3. By Industry
17.12.2.4. By Enterprise Size
17.13. Thailand
17.13.1. Pricing Analysis
17.13.2. Market Share Analysis, 2021
17.13.2.1. By Application
17.13.2.2. By Deployment Mode
17.13.2.3. By Industry
17.13.2.4. By Enterprise Size
17.14. China
17.14.1. Pricing Analysis
17.14.2. Market Share Analysis, 2021
17.14.2.1. By Application
17.14.2.2. By Deployment Mode
17.14.2.3. By Industry
17.14.2.4. By Enterprise Size
17.15. Japan
17.15.1. Pricing Analysis
17.15.2. Market Share Analysis, 2021
17.15.2.1. By Application
17.15.2.2. By Deployment Mode
17.15.2.3. By Industry
17.15.2.4. By Enterprise Size
17.16. South Korea
17.16.1. Pricing Analysis
17.16.2. Market Share Analysis, 2021
17.16.2.1. By Application
17.16.2.2. By Deployment Mode
17.16.2.3. By Industry
17.16.2.4. By Enterprise Size
17.17. Australia
17.17.1. Pricing Analysis
17.17.2. Market Share Analysis, 2021
17.17.2.1. By Application
17.17.2.2. By Deployment Mode
17.17.2.3. By Industry
17.17.2.4. By Enterprise Size
17.18. New Zealand
17.18.1. Pricing Analysis
17.18.2. Market Share Analysis, 2021
17.18.2.1. By Application
17.18.2.2. By Deployment Mode
17.18.2.3. By Industry
17.18.2.4. By Enterprise Size
17.19. GCC Countries
17.19.1. Pricing Analysis
17.19.2. Market Share Analysis, 2021
17.19.2.1. By Application
17.19.2.2. By Deployment Mode
17.19.2.3. By Industry
17.19.2.4. By Enterprise Size
17.20. South Africa
17.20.1. Pricing Analysis
17.20.2. Market Share Analysis, 2021
17.20.2.1. By Application
17.20.2.2. By Deployment Mode
17.20.2.3. By Industry
17.20.2.4. By Enterprise Size
17.21. Israel
17.21.1. Pricing Analysis
17.21.2. Market Share Analysis, 2021
17.21.2.1. By Application
17.21.2.2. By Deployment Mode
17.21.2.3. By Industry
17.21.2.4. By Enterprise Size
18. Market Structure Analysis
18.1. Competition Dashboard
18.2. Competition Benchmarking
18.3. Market Share Analysis of Top Players
18.3.1. By Regional
18.3.2. By Application
18.3.3. By Deployment Mode
18.3.4. By Industry
18.3.5. By Enterprise Size
19. Competition Analysis
19.1. Competition Deep Dive
19.1.1. Fujitsu
19.1.1.1. Overview
19.1.1.2. Product Portfolio
19.1.1.3. Profitability by Market Segments
19.1.1.4. Sales Footprint
19.1.1.5. Strategy Overview
19.1.1.5.1. Marketing Strategy
19.1.2. Ethereum
19.1.2.1. Overview
19.1.2.2. Product Portfolio
19.1.2.3. Profitability by Market Segments
19.1.2.4. Sales Footprint
19.1.2.5. Strategy Overview
19.1.2.5.1. Marketing Strategy
19.1.3. Hyperledger
19.1.3.1. Overview
19.1.3.2. Product Portfolio
19.1.3.3. Profitability by Market Segments
19.1.3.4. Sales Footprint
19.1.3.5. Strategy Overview
19.1.3.5.1. Marketing Strategy
19.1.4. Aergo
19.1.4.1. Overview
19.1.4.2. Product Portfolio
19.1.4.3. Profitability by Market Segments
19.1.4.4. Sales Footprint
19.1.4.5. Strategy Overview
19.1.4.5.1. Marketing Strategy
19.1.5. Corda
19.1.5.1. Overview
19.1.5.2. Product Portfolio
19.1.5.3. Profitability by Market Segments
19.1.5.4. Sales Footprint
19.1.5.5. Strategy Overview
19.1.5.5.1. Marketing Strategy
19.1.6. Quorum
19.1.6.1. Overview
19.1.6.2. Product Portfolio
19.1.6.3. Profitability by Market Segments
19.1.6.4. Sales Footprint
19.1.6.5. Strategy Overview
19.1.6.5.1. Marketing Strategy
19.1.7. ORS Group
19.1.7.1. Overview
19.1.7.2. Product Portfolio
19.1.7.3. Profitability by Market Segments
19.1.7.4. Sales Footprint
19.1.7.5. Strategy Overview
19.1.7.5.1. Marketing Strategy
19.1.8. ChainLink
19.1.8.1. Overview
19.1.8.2. Product Portfolio
19.1.8.3. Profitability by Market Segments
19.1.8.4. Sales Footprint
19.1.8.5. Strategy Overview
19.1.8.5.1. Marketing Strategy
19.1.9. Wells Fargo & Company
19.1.9.1. Overview
19.1.9.2. Product Portfolio
19.1.9.3. Profitability by Market Segments
19.1.9.4. Sales Footprint
19.1.9.5. Strategy Overview
19.1.9.5.1. Marketing Strategy
19.1.10. Berkshire Hathaway Inc.
19.1.10.1. Overview
19.1.10.2. Product Portfolio
19.1.10.3. Profitability by Market Segments
19.1.10.4. Sales Footprint
19.1.10.5. Strategy Overview
19.1.10.5.1. Marketing Strategy
19.1.11. JPMorgan Chase & Co.
19.1.11.1. Overview
19.1.11.2. Product Portfolio
19.1.11.3. Profitability by Market Segments
19.1.11.4. Sales Footprint
19.1.11.5. Strategy Overview
19.1.11.5.1. Marketing Strategy
20. Assumptions & Acronyms Used
21. Research Methodology
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Enterprise-Grade DLT Market
