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Global Blockchain Interoperability Market to reach USD 1.4 billion by the end of 2030

Global Blockchain Interoperability Market Size study & Forecast, by Solution (Cross-Chain Bridges, Cross-Chain APIs, Federated or Consortium Interoperability, Other Solutions), by Vertical (BFSI, Healthcare, Gaming & Entertainment, Other Verticals), by Application (dApps, Digital Assets/NFTs, Cross-Chain Trading & Exchange, Cross-Chain Messaging & Data Sharing) and Regional Analysis, 2023-2030

Product Code: ICTNGT-49154585
Publish Date: 10-08-2023
Page: 200

Global Blockchain Interoperability Market is valued at approximately USD 0.2 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 27.20% over the forecast period 2023-2030. Blockchain interoperability refers to the ability of different blockchain networks or platforms to seamlessly communicate, share data, and exchange assets with each other. It enables interoperable and decentralized applications, allowing users to interact across multiple blockchains while maintaining each individual chain’s integrity, security, and consensus mechanisms. Through interoperability, blockchain networks can overcome siloed data and fragmented ecosystems, fostering collaboration, scalability, and the creation of interconnected blockchain ecosystems. The driving factors boosting the market growth are the increasing adoption of blockchain technology and growing global trade and supply chain management.

The increasing adoption of blockchain technology is reshaping industries by providing secure and transparent transactions, reducing fraud and corruption, and enabling efficient supply chain management. Blockchain’s potential to streamline government processes and enhance data security holds the promise of transforming governance systems across nations. According to Statista, the global blockchain technology market was valued at USD 5.85 billion in 2021 and is projected to reach USD 1,235.71 billion by 2030. The forecast indicates a CAGR of 82.8%over the period. This significant growth rate reflects the increasing adoption of blockchain technology across various industries, driven by its potential to enhance security, transparency, and efficiency in various processes. Moreover, the expanded use cases and industries along with high usage of blockchain interoperability solutions in government applications are expected to create lucrative opportunities in the market. However, the lack of industry standards and intense scalability issues stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Blockchain Interoperability Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the strong blockchain ecosystem, significant investments and funding in the blockchain space and numerous collaborative efforts among industry players, academic institutions, and government entities to promote blockchain interoperability. Asia Pacific is expected to become the fastest growing during the forecast period, owing to factors such as rising tech hubs, increasing blockchain adoption, and strong crypto and blockchain community.

Major market player included in this report are:
Oracle Corporation
Polyhedra Networks
Web3 Foundation
Tendermint Inc.
Nuco Global Inc.
ARK Ecosystem SCIC
(Venly) Arkane Network
ICON Foundation
Wanchain Foundation
Quant Network Limited

Recent Developments in the Market:
Ø In January 2023, Oracle (US) upgraded its Oracle Blockchain Platform with new features to enhance interoperability, including OAuth 2.0 support, expanded web3 API support, Ethereum interoperability, advanced tokenization SDKs, and TTF-based tokenization support for fungible token exchange.
Ø In January 2022, LeewayHertz, in collaboration with XDC Network (US), formed a strategic partnership to drive blockchain solutions for global trade and finance. The partnership aims to strengthen the XDC Network ecosystem and tackle scalability and sustainability issues prevalent in the blockchain industry. Through their collaboration, they seek to develop innovative blockchain solutions that can enhance efficiency and reliability in the global trade and finance sectors.

Global Blockchain Interoperability Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Solution, Vertical, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü 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 Solution:
Cross-Chain Bridges
Cross-Chain APIs
Federated or Consortium Interoperability
Other Solutions

By Vertical:
Gaming & Entertainment
Other Verticals

By Application:
Digital Assets/NFTs
Cross-Chain Trading & Exchange
Cross-Chain Messaging & Data Sharing

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Blockchain Interoperability Market, by Region, 2020-2030 (USD Billion)
1.2.2. Blockchain Interoperability Market, by Solution, 2020-2030 (USD Billion)
1.2.3. Blockchain Interoperability Market, by Vertical, 2020-2030 (USD Billion)
1.2.4. Blockchain Interoperability Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Blockchain Interoperability Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Blockchain Interoperability Market Dynamics
3.1. Blockchain Interoperability Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing adoption of Blockchain technology Growing global trade and supply chain management
3.1.2. Market Challenges Lack of industry standards Intense scalability issues
3.1.3. Market Opportunities Expanded use cases and industries High usage in government applications and public services
Chapter 4. Global Blockchain Interoperability 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. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Blockchain Interoperability Market, by Solution
5.1. Market Snapshot
5.2. Global Blockchain Interoperability Market by Solution, Performance – Potential Analysis
5.3. Global Blockchain Interoperability Market Estimates & Forecasts by Solution 2020-2030 (USD Billion)
5.4. Blockchain Interoperability Market, Sub Segment Analysis
5.4.1. Cross-Chain Bridges
5.4.2. Cross-Chain APIs
5.4.3. Federated or Consortium Interoperability
5.4.4. Other Solutions
Chapter 6. Global Blockchain Interoperability Market, by Vertical
6.1. Market Snapshot
6.2. Global Blockchain Interoperability Market by Vertical, Performance – Potential Analysis
6.3. Global Blockchain Interoperability Market Estimates & Forecasts by Vertical 2020-2030 (USD Billion)
6.4. Blockchain Interoperability Market, Sub Segment Analysis
6.4.1. BFSI
6.4.2. Healthcare
6.4.3. Gaming & Entertainment
6.4.4. Other Verticals
Chapter 7. Global Blockchain Interoperability Market, by Application
7.1. Market Snapshot
7.2. Global Blockchain Interoperability Market by Application, Performance – Potential Analysis
7.3. Global Blockchain Interoperability Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Blockchain Interoperability Market, Sub Segment Analysis
7.4.1. dApps
7.4.2. Digital Assets/NFTs
7.4.3. Cross-Chain Trading & Exchange
7.4.4. Cross-Chain Messaging & Data Sharing
Chapter 8. Global Blockchain Interoperability Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Blockchain Interoperability Market, Regional Market Snapshot
8.4. North America Blockchain Interoperability Market
8.4.1. U.S. Blockchain Interoperability Market Solution breakdown estimates & forecasts, 2020-2030 Vertical breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Blockchain Interoperability Market
8.5. Europe Blockchain Interoperability Market Snapshot
8.5.1. U.K. Blockchain Interoperability Market
8.5.2. Germany Blockchain Interoperability Market
8.5.3. France Blockchain Interoperability Market
8.5.4. Spain Blockchain Interoperability Market
8.5.5. Italy Blockchain Interoperability Market
8.5.6. Rest of Europe Blockchain Interoperability Market
8.6. Asia-Pacific Blockchain Interoperability Market Snapshot
8.6.1. China Blockchain Interoperability Market
8.6.2. India Blockchain Interoperability Market
8.6.3. Japan Blockchain Interoperability Market
8.6.4. Australia Blockchain Interoperability Market
8.6.5. South Korea Blockchain Interoperability Market
8.6.6. Rest of Asia Pacific Blockchain Interoperability Market
8.7. Latin America Blockchain Interoperability Market Snapshot
8.7.1. Brazil Blockchain Interoperability Market
8.7.2. Mexico Blockchain Interoperability Market
8.8. Middle East & Africa Blockchain Interoperability Market
8.8.1. Saudi Arabia Blockchain Interoperability Market
8.8.2. South Africa Blockchain Interoperability Market
8.8.3. Rest of Middle East & Africa Blockchain Interoperability Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Oracle Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Polyhedra Networks
9.3.3. Web3 Foundation
9.3.4. Tendermint Inc.
9.3.5. Nuco Global Inc.
9.3.6. ARK Ecosystem SCIC
9.3.7. (Venly) Arkane Network
9.3.8. ICON Foundation
9.3.9. Wanchain Foundation
9.3.10. Quant Network 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.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
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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