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Global Blockchain Consulting Market to reach USD XX billion by the end of 2029

Global Blockchain Consulting Market Size study & Forecast, by Product (Consulting, Blockchain), by Application (Large enterprise, Small and Medium Enterprise) and Regional Analysis, 2022-2029

Product Code: ICTICTI-71618297
Publish Date: 29-01-2023
Page: 200

Global Blockchain Consulting Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Blockchain Consulting refers to the strategic implementation of blockchain technology as per the analysis & requirement of the client’s business. A blockchain consulting provider performs different tasks such as research, design, development, and testing of blockchain technologies on behalf of their clients. Moreover, the service providers are also responsible for assuring compliance with the appropriate regulatory and legal guidelines. The increasing incidences of data breaches and growing adoption of distributed ledger technologies as well as strategic initiatives from leading market players are key factors accelerating the market growth.

The growing incidences of data breaches are contributing to the growth of the Global Blockchain Consulting Market. For instance, according to the Government of UK’s Cyber Security Breaches Survey 2021 report – in 2020, around Four in ten businesses (39%) and a quarter of charities (26%) across the UK reported cyber security breaches and attacks. Moreover, the average cost of all the cyber security breaches these businesses have experienced in the past 12 months was estimated at USD 8404.33. Whereas, for medium and large firms combined, the estimated average cost was USD 13311.83. Furthermore, as per Statista – in 2021, the average cost of data breaches in the USA was estimated at USD 9.05 million, and it further increased to USD 9.44 million in 2022. Also, rising automation across the industries and growing emergence of Blockchain Consulting Solution Providers would create a lucrative growth prospectus for the market over the forecast period. However, the high cost associated with Blockchain Consulting services and lack of penetration from SMEs due to budget constraints stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Blockchain Consulting Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of leading market players, and increasing incidences of data breaches coupled with rising adoption of decentralized ledger technologies in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising popularity of non-fungible tokens (NFTs) and increasing penetration of leading market players in the region.

Major market players included in this report are:

ABES Lab (Aplana Blockchain Enterprise Solutions Lab)
ArcTouch Google
Applied Blockchain Ltd
101 Blockchains
Blockchain Mind
Codezeros Technology Company
Crunchbase Inc
EY Global
LeewayHertz
Deloitte Touche Tohmatsu Limited

Recent Developments in the Market:
 In February 2022, US based Mastercard Inc. announced the expansion of its consulting service with new dedicated areas including Open Banking, Open Data, Crypto & Digital Currencies, and Environment, Social & Governance (ESG).

 In September 2022, HashCash, a software and blockchain development company, announced inauguration of its blockchain consulting services in Finland. Through this new venture, the company would be utilizing blockchain technology for renewable energy marketplace.

Global Blockchain Consulting Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product
Consulting
Blockchain

By Application
Large enterprise
Small and Medium Enterprise

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Blockchain Consulting Market, by Region, 2019-2029 (USD Billion)
1.2.2. Blockchain Consulting Market, by Product, 2019-2029 (USD Billion)
1.2.3. Blockchain Consulting Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Blockchain Consulting Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Blockchain Consulting Market Dynamics
3.1. Blockchain Consulting Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Increasing incidences of data breaches
3.1.1.2. Growing adoption of distributed ledger technologies
3.1.1.3. Strategic initiatives from leading market players
3.1.2. Market Challenges
3.1.2.1. High Cost associated with Blockchain Consulting services
3.1.2.2. Lack of penetration from SMEs due to budget constraints
3.1.3. Market Opportunities
3.1.3.1. Rising automation across the industries
3.1.3.2. Growing emergence of Blockchain Consulting Solution Providers
Chapter 4. Global Blockchain Consulting Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Blockchain Consulting Market, by Product
6.1. Market Snapshot
6.2. Global Blockchain Consulting Market by Product, Performance – Potential Analysis
6.3. Global Blockchain Consulting Market Estimates & Forecasts by Product 2019-2029 (USD Billion)
6.4. Blockchain Consulting Market, Sub Segment Analysis
6.4.1. Consulting
6.4.2. Blockchain
Chapter 7. Global Blockchain Consulting Market, by Application
7.1. Market Snapshot
7.2. Global Blockchain Consulting Market by Application, Performance – Potential Analysis
7.3. Global Blockchain Consulting Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Blockchain Consulting Market, Sub Segment Analysis
7.4.1. Large enterprise
7.4.2. Small and Medium Enterprise
Chapter 8. Global Blockchain Consulting Market, Regional Analysis
8.1. Blockchain Consulting Market, Regional Market Snapshot
8.2. North America Blockchain Consulting Market
8.2.1. U.S. Blockchain Consulting Market
8.2.1.1. Product breakdown estimates & forecasts, 2019-2029
8.2.1.2. Application breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Blockchain Consulting Market
8.3. Europe Blockchain Consulting Market Snapshot
8.3.1. U.K. Blockchain Consulting Market
8.3.2. Germany Blockchain Consulting Market
8.3.3. France Blockchain Consulting Market
8.3.4. Spain Blockchain Consulting Market
8.3.5. Italy Blockchain Consulting Market
8.3.6. Rest of Europe Blockchain Consulting Market
8.4. Asia-Pacific Blockchain Consulting Market Snapshot
8.4.1. China Blockchain Consulting Market
8.4.2. India Blockchain Consulting Market
8.4.3. Japan Blockchain Consulting Market
8.4.4. Australia Blockchain Consulting Market
8.4.5. South Korea Blockchain Consulting Market
8.4.6. Rest of Asia Pacific Blockchain Consulting Market
8.5. Latin America Blockchain Consulting Market Snapshot
8.5.1. Brazil Blockchain Consulting Market
8.5.2. Mexico Blockchain Consulting Market
8.5.3. Rest of Latin America Blockchain Consulting Market
8.6. Rest of The World Blockchain Consulting Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. ABES Lab (Aplana Blockchain Enterprise Solutions Lab)
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. ArcTouch Google
9.2.3. Applied Blockchain Ltd
9.2.4. 101 Blockchains
9.2.5. Blockchain Mind
9.2.6. Codezeros Technology Company
9.2.7. Crunchbase Inc
9.2.8. EY Global
9.2.9. LeewayHertz
9.2.10. Deloitte Touche Tohmatsu Limited
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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