PUBLISHER: The Business Research Company | PRODUCT CODE: 1702972
PUBLISHER: The Business Research Company | PRODUCT CODE: 1702972
Blockchain technology is employed to bolster the security of data, transactions, and digital assets across diverse sectors, constituting blockchain in security. This strategy capitalizes on blockchain's immutable and decentralized characteristics to protect sensitive data and counter cybersecurity threats.
The primary constituents of the blockchain in security market encompass platforms and services. In this market segment, platforms denote the foundational technology or framework facilitating blockchain functions. Security classifications include private, public, and hybrid, catering to organizations of varying scales such as large enterprises and small to medium enterprises. These are deployed across a spectrum of applications, including transportation and logistics, agriculture and food, manufacturing, government, information technology and telecom, insurance, retail, and others.
The blockchain in security market research report is one of a series of new reports from The Business Research Company that provides blockchain in security market statistics, including blockchain in security industry global market size, regional shares, competitors with a blockchain in security market share, detailed blockchain in security market segments, market trends, and opportunities, and any further data you may need to thrive in the blockchain in security industry. This blockchain in security research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The blockchain in security market size has grown exponentially in recent years. It will grow from $2.07 billion in 2024 to $2.91 billion in 2025 at a compound annual growth rate (CAGR) of 40.7%. The growth in the historic period can be attributed to increase in venture capital and investment, increased government initiatives, increased awareness of the benefits, rise of decentralized applications, and collaboration of financial institutions.
The blockchain in security market size is expected to see exponential growth in the next few years. It will grow to $11.26 billion in 2029 at a compound annual growth rate (CAGR) of 40.3%. The growth in the forecast period can be attributed to increasing need for reduced troubleshooting, rising cryptocurrency and Initial coin offerings, growing healthcare and educational sectors, increasing digital, transformation, and growing cybersecurity threats. Major trends in the forecast period include smart contracts for automated security protocols, integration IoT to secure devices, integration of cybersecurity, privacy-enhancing technology, multi-chain ecosystems, and quantum-safe cryptography.
The increasing cybersecurity threats are expected to drive the growth of the blockchain-in-security market. Cybersecurity threats involve malicious activities aimed at compromising the confidentiality, integrity, or availability of information systems and data. The rise in these threats can be attributed to factors such as greater connectivity through more internet-connected devices, the evolving tactics of cybercriminals, and the widespread adoption of digital technologies without sufficient security measures. Blockchain's decentralized and immutable nature provides exceptional protection against malicious attacks, making it an attractive solution for securing sensitive data and transactions across various industries. For example, in November 2023, the Australian Department of Defense reported that during the 2022-2023 financial year, the Australian Cyber Security Centre received over 94,000 cybercrime reports, reflecting a 23% increase from the previous year, 2021-2022. As a result, the rise in cybersecurity threats is fueling the growth of the blockchain-in-security market.
Major companies in the blockchain security market are developing innovative technologies, such as anti-scam technologies, to enhance cybersecurity and protect against fraudulent activities. Anti-scam technologies are systems designed to detect, prevent, and combat fraud by safeguarding users through methods like identity verification, transaction monitoring, and AI-powered threat detection. For example, in May 2024, Baorui, a UK-based cryptocurrency trading platform, launched blockchain anti-scam technology, marking a significant advancement in trading security. This cutting-edge technology thoroughly examines each transaction, identifying and preventing potentially fraudulent activity. It effectively monitors and analyzes complex transaction patterns, ensuring the security of user transactions on the BAORUI platform.
In October 2023, Depository Trust and Clearing Corporation (DTCC), a US-based financial services company, acquired Securrency Inc. for $50 million. Through this acquisition, DTCC aims to enhance its blockchain technology and digital assets capabilities, potentially revolutionizing securities trading, settlement, and clearing within financial market infrastructure. Securrency Inc., based in the US, specializes in developing financial and regulatory technologies based on blockchain technology.
Major companies operating in the blockchain in security market are Microsoft Corporation, Amazon Web Services Inc., Intel Corporation, Accenture PLC, IBM Corporation, Deloitte Touche Tohmatsu Limited, Oracle Corporation, Huawei Technologies Co Ltd., Infosys Technologies Private Limited, Horizen Labs Inc., SlowMist Technology Co Ltd., Bitfury Holding B.V., LeewayHertz Technologies Inc., Guardtime USA Inc., CertiK, Hacken OU, Ankr Network, OpenZeppelin, Trail of Bits Inc., ConsenSys Inc., BlockCypher Inc., Oasis Labs Inc., Securosys SA, Quantstamp Inc., Blockchain Foundry Inc.
North America was the largest region in the blockchain in security market in 2024. The regions covered in the blockchain in security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the blockchain in security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The blockchain in the security market includes revenues earned by entities by providing services such as identity verification, secure data storage, smart contracts, supply chain security, cybersecurity threat intelligence, and decentralized key management. The market value includes the value of related goods sold by the service provider or included within the service offering. The blockchain in the security market also consists of sales of secure transaction platforms, smart contract platforms, decentralized storage solutions, access control and authorization systems, and digital asset protection platforms. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Blockchain In Security Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on blockchain in security market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for blockchain in security ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The blockchain in security market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.