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What is the Global Blockchain technology market size?

The global blockchain technology market size was valued at USD 17.46 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 87.7% from 2023 to 2030. The escalating demand for secure and transparent transactions across many industries is driving the market growth.

How blockchain technology is transforming the payment industry in 2022?

The payments segment dominated the market in 2022 and accounted for more than 44.0% share of the global revenue. Blockchain technology improves payment system efficiency, minimizes operating costs, and offers transparency. These benefits provided by blockchain technology are increasing its use in payment solutions, thus driving the segment growth.

Which countries are leading the blockchain technology market in 2022?

North America dominated the blockchain technology market in 2022 and accounted for over 37.0% share of the global revenue. The region boasts a robust ecosystem of tech startups, established corporations, and leading research institutions, creating a fertile ground for blockchain development.

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