India Blockchain Technology Market (2018-2024) | Size, Growth, Forecast, Trends, Value, industry, leaders & Outlook
Market Forecast By Technology Type (Public and Private & Permissioned), By Applications (Financial and Non-Financial), By End Users (BFSI, Government and Public, Transportation and Logistics, Healthcare and Pharmaceuticals, Real Estate and Others), By Regions (Northern, Eastern, Western and Southern) and Competitive Landscape
| Product Code: ETC000475 | Publication Date: Aug 2022 | Updated Date: Apr 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 80 | No. of Figures: 38 | No. of Tables: 3 | |
Latest Development (2023) in India Blockchain Technology Market
The India Blockchain Technology Market is significantly growing and several factors play a crucial role in the market growth. The government and private industries are investing in the development of blockchain-based solutions which is leading to a growth in demand for startups and skilled professionals. The emergence of blockchain-based voting systems is the latest development in the market. The Election Commission of India in 2020, conducted successful trials of blockchain-based voting solutions which will enable voters to securely cast their votes. The rising use of blockchain technology in supply chain management is one of the key advancements in the India Blockchain Technology Industry. Companies in the sector like Walmart are implementing Blockchain solutions for tracking food safety and other key players such as Infosys are developing platforms which help manage global supply chains efficiently. The government of India is also finding ways to leverage this technology to enhance governance and in 2019, the government launched a pilot project purposed at digitizing academic certificates on the Ethereum blockchain network. In addition, many state governments are initiating projects using the Blockchain for public distribution systems and land records management. These developments are aiding in the India Blockchain Technology Market Growth.
Topic Covered in the India Blockchain Technology Market Report
India blockchain technology market report is a part of the APAC Blockchain technology market that thoroughly covers the India blockchain technology market by type, applications, end-users, and regions. The India blockchain technology market outlook report provides an unbiased and detailed analysis of the India blockchain technology market trends, opportunities, high growth areas, and market drivers which would help the stakeholders device and align their market strategies according to the current and future market dynamics.
India Blockchain Technology Market Synopsis
India Blockchain Technology Market is expected to register sound revenue during the upcoming period on account of the rising adoption of the technology financial institution. Blockchain technology or popularly known as "blockchain" is a form of the distributed database holding records of all the transactions and digital identity of the execution of any event among the participating entities and is shared across the distributed database. Currently, the blockchain technology market in India is at a niche stage, however, it is likely to register higher growth over the coming years. This growth would be primarily due to the surging demand for a secured database for information among several applications in the country.
According to 6Wresearch, India blockchain technology market size is projected to grow at a CAGR of 58% during 2018-2024. Over the past few months, especially in the last quarter of 2017, blockchain technology registered rising end-customer acceptance towards the adoption of this solution, especially among banking and financial services, transportation, and government verticals. In addition, during the forecast period, the market is projected to be driven by rising adoption in the BFSI vertical. The banking institutions are expected to register the highest growth in India Blockchain Technology Market share in the future.
Moreover, the solution is further anticipated to register higher growth among several verticals as it offers a transparent, faster, secure, and cost-effective alternative as compared to conventional database solutions.
Market Analysis by End-user
On the basis of end-user, the banking and financial services sector is expected to dominate the overall India Blockchain market. Moreover, the government of India is also taking initiatives and increasing investment in the healthcare sector.
Key Players in the market
Some of the key players in India blockchain technology market are:
- Zebi
- Primechain
- Krypc
- Accubits and IBM
- Ernst & Young
Key Highlights of the Report:
• India Blockchain Technology Market Overview
• India Blockchain Technology Market Outlook
• India Blockchain Technology Market Forecast
• India Blockchain Technology Market Size and India Blockchain Technology Market Forecast for the Period 2016-2024
• Historical Data and Forecast of India Blockchain Technology Market Revenues for the Period 2016-2024
• Historical Data and Forecast of India Public Blockchain Technology Market Revenues for the Period 2016-2024
• Historical Data and Forecast of India Private and Permissioned Blockchain Technology Market for the
Period 2016-2024
• Historical Data and Forecast of India Financial Blockchain Technology Market for the Period 2016-2024
• Historical Data and Forecast of India Non-Financial Blockchain Technology Market for the Period 2016-2024
• Historical Data and Forecast of India BFSI Blockchain Technology Market for the Period 2016-2024
• Historical Data and Forecast of India Government and Public Sector Blockchain Technology Market for the
Period 2016-2024
• Historical Data and Forecast of India Transportation and Logistics Blockchain Technology Market for the
Period 2016-2024
• Historical Data and Forecast of India Healthcare and Pharmaceuticals Blockchain Technology Market for the
Period 2016-2024
• Historical Data and Forecast of India Real Estate Blockchain Technology Market for the Period 2016-2024
• Historical Data and Forecast of Northern India Blockchain Technology Market Revenues for the Period 2016-2024
• Historical Data and Forecast of Eastern India Blockchain Technology Market for the Period 2016-2024
• Historical Data and Forecast of Western India Blockchain Technology Market for the Period 2016-2024
• Historical Data and Forecast of Southern India Blockchain Technology Market for the Period 2016-2024
• Market Drivers and Restraints, Market Trends, and Industry Life Cycle
• Value Chain Analysis and Porter's Five Forces Analysis
• India Blockchain Technology Market Trends And Developments
• India Blockchain Technology Market Overview on Competitive Landscape
• India Blockchain Technology Market Share, By Players
• Company Profiles
• Key Strategic Pointers
Markets Covered:
The India blockchain technology market report provides a detailed analysis of the following market segments:
By Technology Types:
- Public
- Private and Permissioned
By Applications:
- Financial
- Non-Financial
By End Users:
- BFSI
- Government and Public
- Transportation and Logistics
- Healthcare and Pharmaceuticals
- Real Estate
- Others
By Regions:
- Northern
- Eastern
- Western
- Southern
India Blockchain Technology Market: FAQs
On the basis of end-user, the banking and financial services sector is expected to dominate the overall India Blockchain market.
India blockchain technology market size is projected to grow at a CAGR of 58% during 2018-24.
Some of the key players in India blockchain technology market are Zebi, Primechain, Krypc, Accubits, and IBM, Ernst & Young.
India Blockchain Technology Market is expected to register sound revenue during the upcoming period on account of the rising adoption of the technology financial institution.
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| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Assumptions & Methodology |
| 3 India Blockchain Technology Market Overview |
| 3.1 India Blockchain Technology Market Revenues (2016-2024F) |
| 3.2 India Blockchain Technology Market - Industry Life Cycle |
| 3.3 India Blockchain Technology Market - Porter's Five Forces Model |
| 3.4 India Blockchain Technology Opportunity Matrix |
| 3.5 India Blockchain Technology Market Revenue Share, By Technology (2017 & 2024F) |
| 3.6 India Blockchain Technology Market Revenue Share, By Applications (2017 & 2024F) |
| 3.7 India Blockchain Technology Market Revenue Share, By End Users (2017 & 2024F) |
| 3.8 India Blockchain Technology Market Revenue Share, By Regions (2017 & 2024F) |
| 4 India Blockchain Technology Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 India Blockchain Technology Market Trends |
| 5.1 Future Skills |
| 5.2 BFSI Integration |
| 5.3 Blockchain Foundation of India |
| 6 India Blockchain Technology Market Overview, By Technology |
| 6.1 India Public Blockchain Technology Market Revenues (2016-2024F) |
| 6.2 India Private and Permissioned Blockchain Technology Market Revenues (2016-2024F) |
| 7 India Blockchain Technology Market Overview, By Applications |
| 7.1 India Financial Application Blockchain Technology Market Revenues (2016-2024F) |
| 7.2 India Non-Financial Application Blockchain Technology Market Revenues (2016-2024F) |
| 8 India Blockchain Technology Market Overview, By End Users |
| 8.1 India BFSI Blockchain Technology Market Revenues (2016-2024F) |
| 8.2 India Government and Public Services Blockchain Technology Market Revenues (2016-2024F) |
| 8.3 India Transport and Logistics Blockchain Technology Market Revenues (2016-2024F) |
| 8.4 India Healthcare and Pharmaceuticals Blockchain Technology Market Revenues (2018E-2024F) |
| 8.5 India Real Estate Blockchain Technology Market Revenues (2018E-2024F) |
| 8.6 India Others Blockchain Technology Market Revenues (2018E-2024F) |
| 9 India Interactive Display Market Overview, By Regions |
| 9.1 India Northern Blockchain Technology Market Revenues (2016-2024F) |
| 9.2 India Eastern Blockchain Technology Market Revenues (2016-2024F) |
| 9.3 India Western Blockchain Technology Market Revenues (2016-2024F) |
| 9.4 India Southern Blockchain Technology Market Revenues (2016-2024F) |
| 10 Competitive Landscape |
| 10.1 India Blockchain Technology Market Players' Revenues (2017) |
| 10.2 Competitive Benchmarking, By Operating Parameters |
| 11 Company Profiles |
| 11.1 Zebi Data India Pvt. Ltd. |
| 11.2 Primechain Technologies Pvt. Ltd. |
| 11.3 Krypc Technologies Pvt. Ltd. |
| 11.4 IBM India Pvt. Ltd. |
| 11.5 Microsoft Corporation (India) Pvt. Ltd. |
| 11.6 Ernst And Young India Private Limited |
| 12 Recommendations |
| 13 Disclaimer |
| List of Figures |
| 1 India Blockchain Technology Market Revenues, 2016-2024F ($ Million) |
| 2 India Blockchain Technology Market Revenue Share, By Technology (2017 & 2024F) |
| 3 India Blockchain Technology Market Revenue Share, By Applications (2017 & 2024F) |
| 4 India Blockchain Technology Market Revenue Share, By End Users (2017 & 2024F) |
| 5 India Blockchain Technology Market Revenue Share, By Regions (2017 & 2024F) |
| 6 India Public Blockchain Technology Market Revenues, $ Million (2016-2024F) |
| 7 India Blockchain Technology Market Revenue Share, By Public Technology (2017 & 2024F) |
| 8 India Private and Permissioned Blockchain Technology Market Revenues, $ Million (2016-2024F) |
| 9 India Blockchain Technology Market Revenue Share, By Private and Permissioned Technology (2017 & 2024F) |
| 10 India Financial Application Blockchain Technology Market Revenues, $ Million (2016-2024F) |
| 11 India Blockchain Technology Market Revenue Share, By Financial Application (2017 & 2024F) |
| 12 India Non-Financial Application Blockchain Technology Market Revenues, $ Million (2016-2024F) |
| 13 India Blockchain Technology Market Revenue Share, By Non-Financial Application (2017 & 2024F) |
| 14 India BFSI Blockchain Technology Market Revenues, $ Million (2016-2024F) |
| 15 India Blockchain Technology Market Revenue Share, By BFSI (2017 & 2024F) |
| 16 India Government and Public Services Blockchain Technology Market Revenues, $ Million (2016-2024F) |
| 17 India Blockchain Technology Market Revenue Share, By Government (2017 & 2024F) |
| 18 India Transport and Logistics Blockchain Technology Market Revenues, $ Million (2016-2024F) |
| 19 India Blockchain Technology Market Revenue Share, By Transport and Logistics (2017 & 2024F) |
| 20 India Healthcare and Pharmaceuticals Blockchain Technology Market Revenues, $ Million (2018E-2024F) |
| 21 India Blockchain Technology Market Revenue Share, By Healthcare and Pharmaceuticals (2017 & 2024F) |
| 22 India Healthcare Sector Industry Size in $ billion (2014-2017F) |
| 23 Share of Healthcare Spending in India (2015) |
| 24 Indian Pharma Industry Production Share (FY 2005-2025F) |
| 25 India Real Estate Blockchain Technology Market Revenues, $ Million (2018E-2024F) |
| 26 India Blockchain Technology Market Revenue Share, By Real Estate (2017 & 2024F) |
| 27 India Real Estate Market Size, 2008-2022F ($ Billion) |
| 28 India Others Blockchain Technology Market Revenues, By $ Million (2016-2024F) |
| 29 India Blockchain Technology Market Revenue Share, By Others Application (2017 & 2024F) |
| 30 India Northern Blockchain Technology Market Revenues, $ Million (2016-2024F) |
| 31 India Blockchain Technology Market Revenue Share, By Northern Region (2017 & 2024F) |
| 32 India Eastern Blockchain Technology Market Revenues, $ Million (2016-2024F) |
| 33 India Blockchain Technology Market Revenue Share, By Eastern Region (2017 & 2024F) |
| 34 India Western Blockchain Technology Market Revenues, $ Million (2016-2024F) |
| 35 India Blockchain Technology Market Revenue Share, By Western Region (2017 & 2024F) |
| 36 India Southern Blockchain Technology Market Revenues, $ Million (2016-2024F) |
| 37 India Blockchain Technology Market Revenue Share, By Southern Region (2017 & 2024F) |
| 38 India Blockchain Technology Market Players' Revenues (2017) |
| List of Tables |
| 1 Number of Bank Branches in India, As of 31st March 2017 |
| 2 Number of ATMs in India (as of March 2017) |
| 3 Top 10 States in Terms of MSME Establishments (2016-2017) |
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