Global Blockchain Security Solution Market Overview:
Blockchain Security is a comprehensive risk management procedure achieved via the implementation of cybersecurity frameworks, security testing methodologies, and secure coding practices to protect a blockchain solution. Blockchain security protects blockchain solutions from online fraud, breaches, and other cyberattack. Blockchain network can differ in who can participate and who has accessed the data. Networks are typically labelled as either public or private, which describes who is allowed to participate, and permissioned or permissionless, which describe how participants gain access to the network.
As per latest study released by AMA Research, the Global Blockchain Security Solution market is expected to see growth rate of 55.2% and may see market size of USD17500.0 Million by 2028.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Emerging startup culture with developing technologies., Reinforcement Learning (RL) in consensus protocols. and AI enabled blockchain technology is poised to digital landscape
Market Growth Drivers:
Increasing security concerns of the enterprises in the digital space., Adoption of blockchain technology by financial institution., Growing demand for secure and transparent digital transaction. and Increasing venture capital investment in blockchain security solution.
Challenges:
Lack of technical knowledge and expertise. and The vulnerability of blockchain endpoints.
Restraints:
Uncertain regulatory and compliance environment. and High cost and maintenance.
Opportunities:
Rapid demand for the emerging LDCs and Data decentralization.
Competitive Landscape:
Blockchain Security Solutions is a consolidated market due to the few major company operating on global and regional level. The players are focusing on planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Oracle Corp. (United States), IBM (United States), Accenture (Ireland), Kaspersky (Russia), DMG Blockchain Solution (Canada), Microsoft (United States), Amazon (United States), SAP (Germany), Intel (United States), Bitfury (Netherland), Cegeka (Netherland), Earthport (United Kingdom), Guardtime (United States), Chain (United States), OpenZipplin and Galaxy Digital Holdings Ltd. (United States). Additionally, following companies can also be profiled that are part of our coverage like Huawei (China), Certik (China), Stofi Ltd. (Japan), Blockrank Ltd. (United States) and Others. Analyst at AMA Research see United States Players to retain maximum share of Global Blockchain Security Solution market by 2028. Considering Market by Security Type, the sub-segment i.e. Identify & Access Management will boost the Blockchain Security Solution market. Considering Market by Component, the sub-segment i.e. Platform will boost the Blockchain Security Solution market. Considering Market by Provider, the sub-segment i.e. Application Provider will boost the Blockchain Security Solution market.
Latest Market Insights:
In October 2023, IBM acquired Manta Software Inc. to complement data and AI governance capabilities within watsonx.data and Watsonx.governance and help businesses deliver products that are built on principles of trust and transparency.
In August 2023, OpenZepplin launches version 2.0 of its defender end to end blockchain security platform designed for mission critical coding, auditing, deploying and monitoring blockchain based application.
What Can be Explored with the Blockchain Security Solution Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Blockchain Security Solution Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Blockchain Security Solution
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Blockchain Security Solution market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Blockchain Security Solution market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Blockchain Security Provider, Blockchain in Security Association, Financial Institution and Investor, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.