Blockchain Security Solutions Market Report 2025 (Global Edition)

Global Blockchain Security Solutions Market Report 2025 Market Size Split by Type of security solution (Network Security, Endpoint Security, Data Security, Identity and Access Management (IAM), Smart ...

Blockchain Security Solutions Market Report Description

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Blockchain Security Solutions Market Insights Video

Competitive Landscape of the Blockchain Security Solutions Market

The competitive landscape of the Blockchain Security Solutions market is highly variable and dynamic, involving large-scale participation from established technology giants like IBM and Microsoft to innovative startups, a number of whom specialize in special solutions related to smart contract auditing and decentralized identity management. Companies are increasingly in strategic partnership with financial institutions and regulatory bodies to advance their offerings and presence in the market. Investment in blockchain security startups has increased due to interest from venture capital in this fast-changing field. Besides that, changes in legislation make a great impact on the market, where businesses have to adjust their solutions to new standards and provide decent data protection. Therefore, this energetic environment provides continuous flows of innovation and competition that foster development within blockchain security solutions

In April 2023, Ava Labs, the creators of the Avalanche blockchain platform, has announced new institutional deployments to help build and improve the blockchain technology environment. (Source: https://cointelegraph.com/news/avalanche-introduces-evergreen-subnets-to-connect-institutions-on-blockchain) In January 2023, Amazon Web Services has announced a cooperation with Ava Labs, which is developing layer-1 blockchain Avalanche to accelerate blockchain adoption across institutions, corporations, and governments. This collaboration will make it easier to launch and manage nodes on Avalanche. (Source: https://techcrunch.com/2023/01/11/aws-partners-with-avalanche-to-scale-blockchain-solutions-for-enterprises-governments/) In February, 2023, Wipro Limited, a technology services and consultancy company, has announced Decentralized Identity and Credential Exchange (DICE) ID, which gives users ownership over their data, resulting in faster, more secure, and easier private information exchange online. (Source: https://www.diceid.com/post/wipro-lab45-launched-dice-id)

Top Companies Market Share in Blockchain Security Solutions Industry: (In no particular order of Rank)

• Oracle
• IBM
• Kaspersky
• Gemalto
• ClearSky
• Accenture
• Komodo Platform
• Aujas
• Blockchain Solutions Limited
• G2 Crowd
• Inc
• Swisscom Blockchain AG
• Adnovum
• Hosho
• AT&T
• Blocklink GmbH
• Insolar
• Cervais
• ALTR
• Vakaxa
• Ledger
• DMG Blockchain Solutions In
• Ardor
• BitFury
• Beijing Zhidaochuangyu
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Blockchain Security Solutions Market

Which Region Dominates the Blockchain Security Solutions Market in 2024?

According to Cognitive Market Research, North America is expected to have the greatest market share in the Blockchain market. The early use of Blockchain technologies by regional companies, as well as the introduction of multiple Blockchain technology providers, will help to increase the overall market share. Businesses in the United Kingdom and India have realized the potential of Blockchain technology to improve consumer experiences. As a result, they have begun to use it to develop business applications.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific is predicted to have the greatest CAR over the forecast period. Manufacturing enterprises in China, Japan, Oceania, South Korea, and Southeast Asia are boosting their technological investments. Furthermore, these countries have a sizable number of digital ledger technology providers

The current report Scope analyzes Blockchain Security Solutions Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Blockchain Security Solutions Market Analysis

According to Cognitive Market Research, the global Blockchain Security Solutions market size was estimated at USD 2351.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 940.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 43.1% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Blockchain Security Solutions market with a market size of USD 742.04 million in 2024 and is projected to grow at a CAGR of 42.9% during the forecast period. The U.S. market’s rapid technological advancements.
• The Canada Blockchain Security Solutions market had a market share of USD 112.86 million in 2024 and is projected to grow at a CAGR of 43.9% during the forecast period. Canada’s robust ecosystem of startups and established companies
• The Mexico Blockchain Security Solutions market is projected to witness growth at a CAGR of 43.6% during the forecast period, with a market size of USD 85.58 million in 2024.

Europe Blockchain Security Solutions Market Analysis

According to Cognitive Market Research, the global Blockchain Security Solutions market size was estimated at USD 2351.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 705.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 43.4% from 2024 to 2031.

• The United Kingdom Blockchain Security Solutions market had a market share of USD 118.50 million in 2024 and is projected to grow at a CAGR of 44.2% during the forecast period. In the UK, Blockchain Security Solutions sales witness an upswing due to the growing recognition of the technology's potential to enhance security and transparency in various industries.
• The France Blockchain Security Solutions market is projected to witness growth at a CAGR of 42.6% during the forecast period, with a market size of USD 64.89 million in 2024.
• According to Cognitive Market Research, the German Blockchain Security Solutions market size was valued at USD 139.66 million in 2024 and is projected to grow at a CAGR of 43.6% during the forecast period. In Germany, Blockchain Security Solutions surged due to the increasing demand for secure digital transactions.
• The Italy Blockchain Security Solutions market is projected to witness growth at a CAGR of 42.8% during the forecast period, with a market size of USD 60.66 million in 2024.
• The Russia Blockchain Security Solutions market is projected to witness growth at a CAGR of 42.4% during the forecast period, with a market size of USD 109.33 million in 2024.
• The Spain Blockchain Security Solutions market is projected to witness growth at a CAGR of 42.5% during the forecast period with a market size of USD 57.84 million in 2024
• The Luxembourg Blockchain Security Solutions market is projected to witness growth at a CAGR of 43.5% during the forecast period, with a market size of USD 21.87 million in 2024.
• The Portugal Blockchain Security Solutions market is projected to witness growth at a CAGR of 43.2% during the forecast period, with a market size of USD 2.96 million in 2024.
• The Greece Blockchain Security Solutions market is projected to witness growth at a CAGR of 43.7% during the forecast period, with a market size of USD 8.46 million in 2024.
• The Rest of Europe's Blockchain Security Solutions market is projected to witness growth at a CAGR of 42.1% during the forecast period, with a market size of USD 109.33 million in 2024.

Asia Pacific Blockchain Security Solutions Market Analysis

According to Cognitive Market Research, the global Blockchain Security Solutions market size was estimated at USD 2351.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 540.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 46.9% from 2024 to 2031.

• According to Cognitive Market Research, the China Blockchain Security Solutions market size was valued at USD 243.35 million in 2024 and is projected to grow at a CAGR of 46.4% during the forecast period. Blockchain Security Solutions surged in China due to the government's strong push for digital transformation.
• The Japan Blockchain Security Solutions market is projected to witness growth at a CAGR of 45.4% during the forecast period, with a market size of USD 74.63 million in 2024.
• The India Blockchain Security Solutions market had a market share of USD 64.89 million in 2024 and is projected to grow at a CAGR of 48.7% during the forecast period. India's integration of blockchain technology into various sectors
• The South Korean Blockchain Security Solutions market is projected to witness growth at a CAGR of 46.0% during the forecast period, with a market size of USD 54.08 million in 2024.
• The Australian Blockchain Security Solutions market is projected to witness growth at a CAGR of 46.6% during the forecast period, with a market size of USD 28.12 million in 2024.
• The South East Asia Blockchain Security Solutions market is projected to witness growth at a CAGR of 47.9% during the forecast period, with a market size of USD 37.31 million in 2024.
• The Rest of Asia Pacific Blockchain Security Solutions market is projected to witness growth at a CAGR of 46.7% during the forecast period, with a market size of USD 38.40 million in 2024.

South America Blockchain Security Solutions Market Analysis

According to Cognitive Market Research, the global Blockchain Security Solutions market size was estimated at USD 2351.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 117.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 44.3% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Blockchain Security Solutions market size was valued at USD 50.32 million in 2024 and is projected to grow at a CAGR of 44.9% during the forecast period. Blockchain Security Solutionss flourished in Brazil due to increasing need for secure and transparent financial transactions.
• Argentina's Blockchain Security Solutions market had a market share of USD 19.75 million in 2024 and is projected to grow at a CAGR of 45.2% during the forecast period. Argentina's rising personal disposable income .
• Colombia Blockchain Security Solutions market is projected to witness growth at a CAGR of 44.1% during the forecast period, with a market size of USD 10.46 million in 2024.
• Peru Blockchain Security Solutions market is projected to witness growth at a CAGR of 44.5% during the forecast period, with a market size of USD 9.64 million in 2024.
• Chile Blockchain Security Solutions market is projected to witness growth at a CAGR of 44.6% during the forecast period, with a market size of USD 8.46 million in 2024.
• The Rest of Latin America's Blockchain Security Solutions market is projected to witness growth at a CAGR of 43.4% during the forecast period, with a market size of USD 18.93 million in 2024.

Middle East Blockchain Security Solutions Market Analysis

According to Cognitive Market Research, the global Blockchain Security Solutions market size was estimated at USD 2351.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 47.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 44.6% from 2024 to 2031..

• The GCC Countries Blockchain Security Solutions market is projected to witness growth at a CAGR of 45.4% during the forecast period, with a market size of USD 20.13 million in 2024. Blockchain Security Solutions sales flourish due to the rising awareness of cybersecurity threats.
• The Egypt Blockchain Security Solutions market is projected to witness growth at a CAGR of 44.9% during the forecast period, with a market size of USD 4.94 million in 2024.
• The South Africa Blockchain Security Solutions market is projected to witness growth at a CAGR of 45.6% during the forecast period, with a market size of USD 7.43 million in 2024. Blockchain Security Solutions sales flourished in South Africa due to increasing demand for secure digital transactions.
• The Turkey Blockchain Security Solutions market is projected to witness growth at a CAGR of 44.1% during the forecast period, with a market size of USD 4.04 million in 2024.
• The Nigeria Blockchain Security Solutions market is projected to witness growth at a CAGR of 43.7% during the forecast period, with a market size of USD 4.94 million in 2024.
• The Rest of the MEA Blockchain Security Solutions market is projected to witness growth at a CAGR of 43.6% during the forecast period, with a market size of USD 5.55 million in 2024.

Blockchain Security Solutions Market Analysis

Blockchain Security Solutions Market Type of Security Solution Segment Analysis

According to Cognitive Market Research, the identity and access management (IAM) category dominates the blockchain security software industry. IAM secures blockchain networks by monitoring and controlling user access and permissions. Given the decentralized and distributed nature of blockchain, where various parties interact and share information, robust identity verification and access control are critical.

Smart Contract Security is another critical component, addressing weaknesses and assuring the secure execution of self-executing contracts on the blockchain. Given the importance of smart contracts in automating and executing transactions, securing their code and implementation is important to preventing exploitation and ensuring transaction reliability.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Blockchain Security Solutions Industry. Request a Free Sample PDF!

Blockchain Security Solutions Market Application Segment Analysis

According to Cognitive Market Research, Cryptocurrency Transactions dominate the segment in the Blockchain Security Solutions Market due to the high adoption rate of cryptocurrencies and the urge to have secure transactions with avoidance of fraud and hacking. The strong foundation of cryptocurrency transactions attracts demand for the security of digital assets.

IoT Security is the fastest-growing segment: With growing deployments of connected devices, security-related communication and integrity of data transmitted by these devices become highly crucial. The blockchain provides a decentralized approach toward securing IoT networks. Due to the growing vulnerabilities in this ever-increasing market, blockchain could be an effective solution to improve the level of security.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Blockchain Security Solutions Industry vertical Segment Analysis

Blockchain Security Solutions Market Industry Vertical Segment Analysis

According to Cognitive Market Research, the banking and financial services application area is predicted to have the biggest market share in the Blockchain market over the forecast period. The banking and financial services application field has recognized the value of Blockchain technology in securing transactions for customers. Blockchain technology in banking and financial services is expected to experience rapid growth worldwide due to various factors, such as high compatibility with the financial services industry ecosystem, rising cryptocurrency and Initial Coin Offerings (ICOs), fast transactions, and reduced total cost of ownership.

The healthcare segment is expected to develop at the fastest CAGR throughout the projection period. The growing number of legislations aimed at protecting customer data is driving the adoption of blockchain technology in the healthcare industry. Governments across the globe are developing rigorous measures to secure consumer information due to the increased incidences of data theft and breaches.

• Banking
• Financial Services
• and Insurance (BFSI)
• Healthcare
• Government
• Retail and E-commerce
• IT and Telecommunications
• Energy and Utilities
• Real Estate
• Transportation and Logistics
• Media and Entertainment
• Automotive
• Supply Chain and Manufacturing

Blockchain Security Solutions Organization size Segment Analysis

Blockchain Security Solutions Market Organization Size Segment Analysis

According to Cognitive Market Research, Large enterprises dominated the market in 2023. Large businesses in industries such as insurance, financial services, healthcare, and supply chains are rapidly attempting to digitalize their offerings, creating a need for blockchain technology among them. Blockchain technology is being used by large organizations, including BBVA, Intesa Sanpaolo, Barclays, and HSBC, to improve their KYC and finance operations. They have access to sufficient resources and various assets to accept new technology coming into the market.

The small and medium enterprise segment is expected to increase at the fastest CAGR over the projection period. Small and medium-sized businesses confront challenges in expanding operations, including funding, payment processing, and selecting supplementary services required for worldwide expansion. Blockchain technology aids in the reduction of complications related to subsidizing and exchanging accounts.

• Small and Medium-Sized Enterprises (SMEs)
• Large Enterprises

Blockchain Security Solutions Deployment Model Segment Analysis

Blockchain Security Solutions Market Organization Size Segment Analysis

According to Cognitive Market Research, Private cloud blockchain technology is expected to obtain a significant market share during the projection period. Private solutions and services enable enterprises to modify legislation at a reduced cost and reverse transactions. Furthermore, the benefits of high scalability are projected to drive demand for private digital ledger solutions

The hybrid segment is expected to grow rapidly during the projected period due to the increased privacy provided to transactions and data. Along with performance, hybrid digital ledger systems provide regulated access, and as a result, demand for these solutions is increasing in healthcare, real estate, and other industries

• On-Premises
• Cloud-Based
• Public Cloud
• Private Cloud
• Hybrid Cloud

Blockchain Security Solutions Component Segment Analysis

Blockchain Security Solutions Market Organization Size Segment Analysis

According to Cognitive Market Research, The Services segment holds the leading position in the Blockchain Security Solutions Market. This is because, to integrate blockchain security solutions with their existing systems effectively, organizations generally require end-to-end support, ranging from consulting to implementation and management services.

The segment that represents the fastest growth rate is Software. Conjointly, with the increased use of technology by enterprises, the demand for software to offer modern security features such as encryption, access controls, and smart contract functionality, among others, is increasing rapidly. This results from the need for a more technologically advanced tool to enhance this digital asset security and smooth processing in several industries

• Software
• Hardware
• Services

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion