Middle East and Africa Blockchain Market, By Component; By Provider; By Type; By Organization Size; By Application; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2030

List of Tables

Middle East and Africa Blockchain Market Size Exploding about 35X to Surpass Staggering Value USD 41.65 Billion by 2030

Middle East and Africa Blockchain Market is flourishing due to a growing need for secure transactions, integration into financial sectors, and governmental actions and regulatory backing.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Middle East and Africa Blockchain Market size by value at USD 1.2 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Middle East and Africa Blockchain Market size to expand at a CAGR of 67.2% reaching a value of USD 41.65 billion by 2030. The Blockchain Market in Middle East and Africa is propelled by the rising adoption of blockchain across various industry sectors, attracting significant interest from major players like IBM and Microsoft, as well as numerous startups. In recent years, venture capitalists have heavily invested in blockchain startups, resulting in innovative and disruptive solutions across industries such as banking, entertainment, logistics, and healthcare. These startups are collaborating with independent consortia to develop specialized blockchain applications. Leading companies like Walmart, Maersk, British Airways, UPS, and FedEx have successfully implemented blockchain to streamline business functions, reduce costs, and enhance operational efficiency. The optimistic outlook on funding and startup activities is anticipated to propel substantial growth in the Middle East and Africa Blockchain Market over the forecast period.

Opportunities - Growing popularity of cryptocurrencies

The rising popularity of cryptocurrencies offers significant growth opportunities for major players in Middle East and Africa Blockchain Market. With the region's exponential growth in crypto adoption, countries like Turkey, Morocco, and Iran are leading the charge. Cryptocurrencies provide a hedge against fiat currency volatility and facilitate seamless cross-border transactions, enhancing their appeal. The UAE, in particular, has become a regional hub, attracting investments and fostering innovation through initiatives like the Dubai Virtual Assets Regulatory Authority. The expanding use of decentralized finance (DeFi) applications and Central Bank Digital Currencies (CBDCs) further underscores the market's potential. As regulatory frameworks evolve and financial literacy improves, the Middle East and Africa are well-positioned to become global leaders in blockchain technology, driving economic growth and technological advancement.

UAE Leads Middle East and Africa Blockchain Market

Strategic government initiatives, such as the Emirates Blockchain Strategy 2021 and Dubai's blockchain and metaverse strategies, underscore the UAE's commitment to advancing blockchain adoption. Dubai has cemented its position as a leader in the blockchain sector, pioneering key initiatives like the Dubai Blockchain Policy and the Dubai Future Council for Blockchain. These efforts are integral to the city's strategy to integrate blockchain technology across government transactions, further reinforcing its status as a global blockchain hub. Supported by a progressive regulatory environment and substantial investments from major global firms, the UAE is well-positioned to sustain its leadership in the blockchain market.

Impact of Escalating Geopolitical Tensions on Middle East and Africa Blockchain Market

Middle East and Africa Blockchain Market may face significant challenges from intensifying geopolitical tensions across the world. Increased instability and conflicts can hinder blockchain initiatives and deter foreign investors, resulting in a slowdown in the expansion of Middle East and Africa Blockchain Market. Regulatory ambiguities and political instability add further obstacles to the implementation of blockchain technologies, as governments might prioritize immediate security issues over technological advancements. Additionally, geopolitical tensions can undermine international cooperation and partnerships critical for innovations in Middle East and Africa Blockchain Market. Nonetheless, the robustness of blockchain technology and its promise for providing secure and transparent solutions hold potential for the market growth.

Competitive Landscape

Middle East and Africa Blockchain Market is fragmented, with numerous players serving the market. The key players dominating Middle East and Africa Blockchain Market include Khazna Data Centers, MDXi, Rack Centre, MedOne, Etisalat, Mobily, Injazat, and Electronia. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

The report's in-depth analysis provides information about growth potential, upcoming trends, and Middle East and Africa Blockchain Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Middle East and Africa Blockchain Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC24585

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Middle East and Africa Blockchain Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Increasing Demand for Secure Transactions
  - 3.2.1.2. Adoption in Financial Services
  - 3.2.1.3. Government Initiatives and Regulatory Support
- 3.2.2. Restraints
  - 3.2.2.1. Complexity and Lack of Understanding
  - 3.2.2.2. Energy Consumption
- 3.2.3. Opportunities
  - 3.2.3.1. Growing Popularity of Cryptocurrencies
  - 3.2.3.2. Expanding Use Cases Across Industries
- 3.2.4. Challenges
  - 3.2.4.1. Security Concerns
  - 3.2.4.2. Regulatory Uncertainty
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Middle East and Africa Blockchain Market: Marketing Strategies

5. Middle East and Africa Blockchain Market Overview

5.1. Market Size & Forecast, 2019-2030
- 5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
- 5.2.1. By Component
  - 5.2.1.1. Platforms
  - 5.2.1.2. Services
- 5.2.2. By Provider
  - 5.2.2.1. Application Provider
  - 5.2.2.2. Middleware Provider
  - 5.2.2.3. Infrastructure Provider
- 5.2.3. By Type
  - 5.2.3.1. Public
  - 5.2.3.2. Private
  - 5.2.3.3. Hybrid
- 5.2.4. By Organization Size
  - 5.2.4.1. SMEs
  - 5.2.4.2. Large Enterprises
- 5.2.5. By Application
  - 5.2.5.1. Transportation & Logistics
  - 5.2.5.2. Agriculture & Food
  - 5.2.5.3. Banking & Financial Institutions
  - 5.2.5.4. Manufacturing
  - 5.2.5.5. Energy & Utilities
  - 5.2.5.6. Government
  - 5.2.5.7. Others (Healthcare & Life Sciences, IT & Telecom, Retail & E-commerce)
- 5.2.6. By Country
  - 5.2.6.1. Saudi Arabia
  - 5.2.6.2. UAE
  - 5.2.6.3. Qatar
  - 5.2.6.4. Kuwait
  - 5.2.6.5. South Africa
  - 5.2.6.6. Nigeria
  - 5.2.6.7. Algeria
  - 5.2.6.8. Rest of MEA

6. Saudi Arabia Blockchain Market

6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
- 6.2.1. By Component
- 6.2.2. By Provider
- 6.2.3. By Type
- 6.2.4. By Organization Size
- 6.2.5. By Application

7. UAE Blockchain Market

7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
- 7.2.1. By Component
- 7.2.2. By Provider
- 7.2.3. By Type
- 7.2.4. By Organization Size
- 7.2.5. By Application

8. Qatar Blockchain Market

8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
- 8.2.1. By Component
- 8.2.2. By Provider
- 8.2.3. By Type
- 8.2.4. By Organization Size
- 8.2.5. By Application

9. Kuwait Blockchain Market

9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
- 9.2.1. By Component
- 9.2.2. By Provider
- 9.2.3. By Type
- 9.2.4. By Organization Size
- 9.2.5. By Application

10. South Africa Blockchain Market

10.1. Market Size & Forecast, 2019-2030
- 10.1.1. By Value (USD Billion)
10.2. Market Share & Forecast
- 10.2.1. By Component
- 10.2.2. By Provider
- 10.2.3. By Type
- 10.2.4. By Organization Size
- 10.2.5. By Application

11. Nigeria Blockchain Market

11.1. Market Size & Forecast, 2019-2030
- 11.1.1. By Value (USD Billion)
11.2. Market Share & Forecast
- 11.2.1. By Component
- 11.2.2. By Provider
- 11.2.3. By Type
- 11.2.4. By Organization Size
- 11.2.5. By Application

12. Algeria Blockchain Market

12.1. Market Size & Forecast, 2019-2030
- 12.1.1. By Value (USD Billion)
12.2. Market Share & Forecast
- 12.2.1. By Component
- 12.2.2. By Provider
- 12.2.3. By Type
- 12.2.4. By Organization Size
- 12.2.5. By Application

13. Rest of MEA Blockchain Market

13.1. Market Size & Forecast, 2019-2030
- 13.1.1. By Value (USD Billion)
13.2. Market Share & Forecast
- 13.2.1. By Component
- 13.2.2. By Provider
- 13.2.3. By Type
- 13.2.4. By Organization Size
- 13.2.5. By Application

14. Competitive Landscape

14.1. List of Key Players and Their Offerings
14.2. Middle East and Africa Blockchain Company Market Share Analysis, 2023
14.3. Competitive Benchmarking, By Operating Parameters
14.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

15. Impact of Escalating Geopolitical Tensions on Middle East and Africa Blockchain Market

16. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)

16.1. Khazna Data Centers
16.2. MDXi
16.3. Rack Centre
16.4. MedOne
16.5. Etisalat
16.6. Mobily
16.7. Injazat
16.8. Electronia
16.9. Other Prominent Players

17. Key Strategic Recommendations

18. Research Methodology

18.1. Qualitative Research
- 18.1.1. Primary & Secondary Research
18.2. Quantitative Research
18.3. Market Breakdown & Data Triangulation
- 18.3.1. Secondary Research
- 18.3.2. Primary Research
18.4. Breakdown of Primary Research Respondents, By Region
18.5. Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

Product Code: BWC24585

List of Figures

Figure 1 Middle East and Africa Blockchain Segmentation
Figure 2 Middle East and Africa Blockchain Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 Middle East and Africa Blockchain Market Size, By Value (USD Billion), 2019-2030
Figure 5 Middle East and Africa Blockchain Market Share, By Component, By Value, 2019-2030
Figure 6 Middle East and Africa Blockchain Market Share, By Provider, By Value, 2019-2030
Figure 7 Middle East and Africa Blockchain Market Share, By Type, By Value, 2019-2030
Figure 8 Middle East and Africa Blockchain Market Share, By Organization Size, By Value, 2019-2030
Figure 9 Middle East and Africa Blockchain Market Share, By Application, By Value, 2019-2030
Figure 10 Middle East and Africa Blockchain Market Share, By Country, By Value, 2019-2030
Figure 11 Saudi Arabia Blockchain Market Size, By Value (USD Billion), 2019-2030
Figure 12 Saudi Arabia Blockchain Market Share, By Component, By Value, 2019-2030
Figure 13 Saudi Arabia Blockchain Market Share, By Provider, By Value, 2019-2030
Figure 14 Saudi Arabia Blockchain Market Share, By Type, By Value, 2019-2030
Figure 15 Saudi Arabia Blockchain Market Share, By Organization Size, By Value, 2019-2030
Figure 16 Saudi Arabia Blockchain Market Share, By Application, By Value, 2019-2030
Figure 17 UAE Blockchain Market Size, By Value (USD Billion), 2019-2030
Figure 18 UAE Blockchain Market Share, By Component, By Value, 2019-2030
Figure 19 UAE Blockchain Market Share, By Provider, By Value, 2019-2030
Figure 20 UAE Blockchain Market Share, By Type, By Value, 2019-2030
Figure 21 UAE Blockchain Market Share, By Organization Size, By Value, 2019-2030
Figure 22 UAE Blockchain Market Share, By Application, By Value, 2019-2030
Figure 23 Qatar Blockchain Market Size, By Value (USD Billion), 2019-2030
Figure 24 Qatar Blockchain Market Share, By Component, By Value, 2019-2030
Figure 25 Qatar Blockchain Market Share, By Provider, By Value, 2019-2030
Figure 26 Qatar Blockchain Market Share, By Type, By Value, 2019-2030
Figure 27 Qatar Blockchain Market Share, By Organization Size, By Value, 2019-2030
Figure 28 Qatar Blockchain Market Share, By Application, By Value, 2019-2030
Figure 29 Kuwait Blockchain Market Size, By Value (USD Billion), 2019-2030
Figure 30 Kuwait Blockchain Market Share, By Component, By Value, 2019-2030
Figure 31 Kuwait Blockchain Market Share, By Provider, By Value, 2019-2030
Figure 32 Kuwait Blockchain Market Share, By Type, By Value, 2019-2030
Figure 33 Kuwait Blockchain Market Share, By Organization Size, By Value, 2019-2030
Figure 34 Kuwait Blockchain Market Share, By Application, By Value, 2019-2030
Figure 35 South Africa Blockchain Market Size, By Value (USD Billion), 2019-2030
Figure 36 South Africa Blockchain Market Share, By Component, By Value, 2019-2030
Figure 37 South Africa Blockchain Market Share, By Provider, By Value, 2019-2030
Figure 38 South Africa Blockchain Market Share, By Type, By Value, 2019-2030
Figure 39 South Africa Blockchain Market Share, By Organization Size, By Value, 2019-2030
Figure 40 South Africa Blockchain Market Share, By Application, By Value, 2019-2030
Figure 41 Nigeria Blockchain Market Size, By Value (USD Billion), 2019-2030
Figure 42 Nigeria Blockchain Market Share, By Component, By Value, 2019-2030
Figure 43 Nigeria Blockchain Market Share, By Provider, By Value, 2019-2030
Figure 44 Nigeria Blockchain Market Share, By Type, By Value, 2019-2030
Figure 45 Nigeria Blockchain Market Share, By Organization Size, By Value, 2019-2030
Figure 46 Nigeria Blockchain Market Share, By Application, By Value, 2019-2030
Figure 47 Algeria Blockchain Market Size, By Value (USD Billion), 2019-2030
Figure 48 Algeria Blockchain Market Share, By Component, By Value, 2019-2030
Figure 49 Algeria Blockchain Market Share, By Provider, By Value, 2019-2030
Figure 50 Algeria Blockchain Market Share, By Type, By Value, 2019-2030
Figure 51 Algeria Blockchain Market Share, By Organization Size, By Value, 2019-2030
Figure 52 Algeria Blockchain Market Share, By Application, By Value, 2019-2030
Figure 53 Rest of MEA Blockchain Market Size, By Value (USD Billion), 2019-2030
Figure 54 Rest of MEA Blockchain Market Share, By Component, By Value, 2019-2030
Figure 55 Rest of MEA Blockchain Market Share, By Provider, By Value, 2019-2030
Figure 56 Rest of MEA Blockchain Market Share, By Type, By Value, 2019-2030
Figure 57 Rest of MEA Blockchain Market Share, By Organization Size, By Value, 2019-2030
Figure 58 Rest of MEA Blockchain Market Share, By Application, By Value, 2019-2030

List of Tables

Table 1 Middle East and Africa Blockchain Market Size, By Value (USD Billion), 2019-2030
Table 2 Middle East and Africa Blockchain Market Size, By Component, By Value, 2019-2030
Table 3 Middle East and Africa Blockchain Market Size, By Provider, By Value, 2019-2030
Table 4 Middle East and Africa Blockchain Market Size, By Type, By Value, 2019-2030
Table 5 Middle East and Africa Blockchain Market Size, By Organization Size, By Value, 2019-2030
Table 6 Middle East and Africa Blockchain Market Size, By Application, By Value, 2019-2030
Table 7 Middle East and Africa Blockchain Market Size, By Country, By Value, 2019-2030
Table 8 Saudi Arabia Blockchain Market Size, By Value (USD Billion), 2019-2030
Table 9 Saudi Arabia Blockchain Market Size, By Component, By Value, 2019-2030
Table 10 Saudi Arabia Blockchain Market Size, By Provider, By Value, 2019-2030
Table 11 Saudi Arabia Blockchain Market Size, By Type, By Value, 2019-2030
Table 12 Saudi Arabia Blockchain Market Size, By Organization Size, By Value, 2019-2030
Table 13 Saudi Arabia Blockchain Market Size, By Application, By Value, 2019-2030
Table 14 UAE Blockchain Market Size, By Value (USD Billion), 2019-2030
Table 15 UAE Blockchain Market Size, By Component, By Value, 2019-2030
Table 16 UAE Blockchain Market Size, By Provider, By Value, 2019-2030
Table 17 UAE Blockchain Market Size, By Type, By Value, 2019-2030
Table 18 UAE Blockchain Market Size, By Organization Size, By Value, 2019-2030
Table 19 UAE Blockchain Market Size, By Application, By Value, 2019-2030
Table 20 Qatar Blockchain Market Size, By Value (USD Billion), 2019-2030
Table 21 Qatar Blockchain Market Size, By Component, By Value, 2019-2030
Table 22 Qatar Blockchain Market Size, By Provider, By Value, 2019-2030
Table 23 Qatar Blockchain Market Size, By Type, By Value, 2019-2030
Table 24 Qatar Blockchain Market Size, By Organization Size, By Value, 2019-2030
Table 25 Qatar Blockchain Market Size, By Application, By Value, 2019-2030
Table 26 Kuwait Blockchain Market Size, By Value (USD Billion), 2019-2030
Table 27 Kuwait Blockchain Market Size, By Component, By Value, 2019-2030
Table 28 Kuwait Blockchain Market Size, By Provider, By Value, 2019-2030
Table 29 Kuwait Blockchain Market Size, By Type, By Value, 2019-2030
Table 30 Kuwait Blockchain Market Size, By Organization Size, By Value, 2019-2030
Table 31 Kuwait Blockchain Market Size, By Application, By Value, 2019-2030
Table 32 South Africa Blockchain Market Size, By Value (USD Billion), 2019-2030
Table 33 South Africa Blockchain Market Size, By Component, By Value, 2019-2030
Table 34 South Africa Blockchain Market Size, By Provider, By Value, 2019-2030
Table 35 South Africa Blockchain Market Size, By Type, By Value, 2019-2030
Table 36 South Africa Blockchain Market Size, By Organization Size, By Value, 2019-2030
Table 37 South Africa Blockchain Market Size, By Application, By Value, 2019-2030
Table 38 Nigeria Blockchain Market Size, By Value (USD Billion), 2019-2030
Table 39 Nigeria Blockchain Market Size, By Component, By Value, 2019-2030
Table 40 Nigeria Blockchain Market Size, By Provider, By Value, 2019-2030
Table 41 Nigeria Blockchain Market Size, By Type, By Value, 2019-2030
Table 42 Nigeria Blockchain Market Size, By Organization Size, By Value, 2019-2030
Table 43 Nigeria Blockchain Market Size, By Application, By Value, 2019-2030
Table 44 Algeria Blockchain Market Size, By Value (USD Billion), 2019-2030
Table 45 Algeria Blockchain Market Size, By Component, By Value, 2019-2030
Table 46 Algeria Blockchain Market Size, By Provider, By Value, 2019-2030
Table 47 Algeria Blockchain Market Size, By Type, By Value, 2019-2030
Table 48 Algeria Blockchain Market Size, By Organization Size, By Value, 2019-2030
Table 49 Algeria Blockchain Market Size, By Application, By Value, 2019-2030
Table 50 Rest of MEA Blockchain Market Size, By Value (USD Billion), 2019-2030
Table 51 Rest of MEA Blockchain Market Size, By Component, By Value, 2019-2030
Table 52 Rest of MEA Blockchain Market Size, By Provider, By Value, 2019-2030
Table 53 Rest of MEA Blockchain Market Size, By Type, By Value, 2019-2030
Table 54 Rest of MEA Blockchain Market Size, By Organization Size, By Value, 2019-2030
Table 55 Rest of MEA Blockchain Market Size, By Application, By Value, 2019-2030
Table 56 Khazna Data Centers Company Overview
Table 57 Khazna Data Centers Financial Overview
Table 58 MDXi Company Overview
Table 59 MDXi Financial Overview
Table 60 Rack Centre Company Overview
Table 61 Rack Centre Financial Overview
Table 62 MedOne Company Overview
Table 63 MedOne Financial Overview
Table 64 Etisalat Company Overview
Table 65 Etisalat Financial Overview
Table 66 Mobily Company Overview
Table 67 Mobily Financial Overview
Table 68 Injazat Company Overview
Table 69 Injazat Financial Overview
Table 70 Electronia Company Overview
Table 71 Electronia Financial Overview

Middle East and Africa Blockchain Market, By Component; By Provider; By Type; By Organization Size; By Application; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2030

Description

Table of Contents

List of Tables

Table of Contents

1. Research Framework

2. Executive Summary

3. Middle East and Africa Blockchain Market Insights

4. Middle East and Africa Blockchain Market: Marketing Strategies

5. Middle East and Africa Blockchain Market Overview

6. Saudi Arabia Blockchain Market

7. UAE Blockchain Market

8. Qatar Blockchain Market

9. Kuwait Blockchain Market

10. South Africa Blockchain Market

11. Nigeria Blockchain Market

12. Algeria Blockchain Market

13. Rest of MEA Blockchain Market

14. Competitive Landscape

15. Impact of Escalating Geopolitical Tensions on Middle East and Africa Blockchain Market

16. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)

17. Key Strategic Recommendations

18. Research Methodology

List of Figures

List of Tables