III. Industry Analysis

The global blockchain technology market, valued at $5.92 billion in 2021, is anticipated to grow at a CAGR of 85.9% from 2022 to 2030¹. The blockchain-enabled platform segment is expected to witness high adoption during the forecast period as the enterprises are expected to realize the various benefits offered by the technology, including reduced value chain cost, increased security, and faster operations enabling them to gain a leading edge over competitors². Global equity market capitalization increased by 18.2% year-over-year to $105.8 trillion in 2020, while global bond markets' outstanding value increased by 16.5% to $123.5 trillion in 2020, while global long-term bond issuance increased by 19.9% to $27.3 trillion³.  

The increasing strategic operations of the decentralized finance industry are expected to drive market growth over the forecast period. Throughout the pandemic, the financial markets have offered a substantial and dependable source of cash and funding for international issuers. High frequency and dark pool trading will likely drive trading volumes in intermediary financial firms. Advancements in communications and technology have reduced latency significantly, allowing high-frequency traders to capture and benefit from market inefficiencies.  

1.https://www.grandviewresearch.com/industry-analysis/blockchain-technology-market
2.https://www.globenewswire.com/en/news-release/2021/11/17/2336112/0/en/The-Blockchain-market-size-is-projected-to-grow-from-USD-4-9-billion-in-2021-to-USD-67-4-billion-by-2026-at-a-Compound-Annual-Growth-Rate-CAGR-of-68-4.html
3.https://www.sifma.org/resources/research/fact-book/