MarkNtel Advisors recently published a detailed industry analysis of the UAE Blockchain Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

UAE Blockchain Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The UAE Blockchain Market size is projected to grow at a CAGR of around 42% during the forecast period, i.e., 2025-30.

Key Findings in UAE Blockchain Market:

• Historical Analysis: 2020–2023
• Base Year: 2024
• Forecast Period: 2025–2030

Leading Market Players- OpenXcell, SoluLab, Cubix, Sfxdx, Quest GLT, Quytech, Digitalroar Softlabs, Apptunix, Web3soft, MixBytes, Aspired, and others

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the UAE Blockchain industry?

Digital Transformation Driving Market Growth – Digital transformation is the key driver of growth in the UAE Blockchain Market. The government’s strategic plans for the UAE economy are mainly based on digital transformations. With the increasing digitalization in several sectors, companies are seeking technology that can enhance security, transparency, and also efficiency in record keeping. Hence the demand for Blockchain technology is increasing, as it can record transactions in a secure and immutable way.

Additionally, the inclinations of individuals toward decentralized finance (DeFi) and digital assets, further elevate the market growth. Digital assets like Bitcoins and Ethereum, use blockchain technology for transparent and secure transactions. This alignment of blockchain technologies with rapid digital transformations in the UAE amplifies the UAE Blockchain Market Growth. For instance,

• In July 2024, Dubai Customs launched its blockchain platform to improve clearance procedures by providing a more comfortable and easy way for shipping operations across Dubai and its borders.
• In May 2024, Quest Global, announced that it has acquired a majority stake in People Tech Group, a renowned leader in next-generation digital transformation and digital innovation for Fortune 500 clients.

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What segments define the UAE Blockchain Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?

By Type

• Public Blockchains- Market Size & Forecast 2020-2030, USD Million
• Private Blockchains- Market Size & Forecast 2020-2030, USD Million
• Consortium Blockchains- Market Size & Forecast 2020-2030, USD Million

By Component

• Platform- Market Size & Forecast 2020-2030, USD Million
• Services- Market Size & Forecast 2020-2030, USD Million

By Deployment

• On-Premises- Market Size & Forecast 2020-2030, USD Million
• Cloud-Based- Market Size & Forecast 2020-2030, USD Million
• Hybrid- Market Size & Forecast 2020-2030, USD Million

By Enterprise Size

• Large Enterprises- Market Size & Forecast 2020-2030, USD Million
• SMEs- Market Size & Forecast 2020-2030, USD Million

By Application

• Smart Contracts- Market Size & Forecast 2020-2030, USD Million
• Cryptocurrencies- Market Size & Forecast 2020-2030, USD Million
• Decentralized Applications- Market Size & Forecast 2020-2030, USD Million
• Identity Management- Market Size & Forecast 2020-2030, USD Million
• Internet of Things (IoT) - Market Size & Forecast 2020-2030, USD Million
• Others- Market Size & Forecast 2020-2030, USD Million

According to report, In the UAE Blockchain Market, cryptocurrency has captured the largest market share estimated at more than 70% of the total market value.

By End User

• BFSI- Market Size & Forecast 2020-2030, USD Million
• Energy & Utilities- Market Size & Forecast 2020-2030, USD Million
• Government- Market Size & Forecast 2020-2030, USD Million
• Real Estate- Market Size & Forecast 2020-2030, USD Million
• Healthcare and Life Sciences- Market Size & Forecast 2020-2030, USD Million
• Manufacturing- Market Size & Forecast 2020-2030, USD Million
• IT & Telecom- Market Size & Forecast 2020-2030, USD Million
• Media & Entertainment- Market Size & Forecast 2020-2030, USD Million
• Retail & Consumer Goods- Market Size & Forecast 2020-2030, USD Million
• Travel and Transportation- Market Size & Forecast 2020-2030, USD Million
• Others (Education, etc.) - Market Size & Forecast 2020-2030, USD Million

According to report, The BFSI sector is leading the market by capturing more than 50% of the market share. 

Explore the Complete UAE Blockchain Market Analysis Report – https://www.marknteladvisors.com/research-library/uae-blockchain-market.html

Geographical Analysis: UAE Blockchain Market

 By Region

• Dubai
• Abu Dhabi
• Sharjah
• Northern Emirates

UAE Blockchain Market Recent Development:

• In August 2024: Ripple, the blockchain and crypto solution provider, partnered with the Dubai International Financial Centre’s (DIFC) Innovation Hub, to accelerate blockchain and digital assets innovation in the UAE.

• In August 2024: Gate Ventures, the investment arm of cryptocurrency exchange Gate.io, partnered with the Blockchain Center in Abu Dhabi to launch a $100 million fund to drive Web3 innovation in the coming years.

GKey Questions Addressed in This Study

• What are the primary factors driving the growth of the UAE Blockchain Market?
• How is the UAE Blockchain Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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