Enterprise-Grade DLT Market Outlook (2022 to 2032)

According to Future Market Insights' study, the market for enterprise-grade DLT is expected to grow at a CAGR of 26.7% over the estimated period of 2022 to 2032. The industry value is expected to grow from USD 3.6 million in 2022 to USD 38.8 million in 2032. Some of the key factors determining the market growth include:

Attribute Details
Enterprise-Grade DLT Market (2022) USD 3.6 million
Enterprise-Grade DLT Market (2032) USD 38.8 million
Market CAGR (2022 to 2032) 26.7%
  • Growing business demand for speed, privacy, and security is projected to increase the market growth over the forecast period.
  • The surging curiosity around distributed ledger technology for secure financial transactions is predicted to boost the enterprise-grade DLT market.
  • Additionally, rising demand for up-to-date information accessible to all, which allows each participant to maintain a copy of a revised, immutable, database.
  • The growing awareness pertaining to the notion of decentralization across different locations, people (nodes), and systems to provide transparency, trust, and security, is predicted to propel market development over the forecast period.

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Historical Outlook V/S Future Projections for Enterprise-Grade DLT Market

The enterprise-grade DLT market witnessed steady growth in the historical period of 2017 to 2021, arriving at a market valuation of USD 2.9 million by the end of 2021.

The growing government initiatives, widespread use of smartphones, and rise in the penetration of the internet propelled the market in recent years. Going forward, the market is predicted to move at a robust CAGR of 26.7% over the stipulated time period of 2022 to 2032 and is estimated to attain USD 38.8 million by the 2032 year-end.

The market is forecast to drive forward as a result of rising venture capital funding and investment in the technology, and wide application of enterprise-grade DLT solutions, including smart contracts, payment, and digital entities. Further, the surging utilization of Hyperledger, which is a DLT-based development platform for blockchain solutions providing transparency, speed, and cost-efficiency for business transactions, is projected to aid the market development over the forecast period.

Hyperledger is used in various industries, such as banking, information technology, supply chain, insurance, retail, supply chain, virtualization, finance, IoT, and manufacturing, etc. It offers modular and configurable architecture, versatility in the creation of BCT solutions for diverse use cases, a highly scalable system, and supports various DBMS for ledger maintenance.

Opportunities in Enterprise-Grade DLT Market

The enterprise-grade DLT market is replete with opportunities, as the technology is perceived to offer great potential in various applications, including cybersecurity, banking, and IoT.

Extensive utilization of IoT devices in numerous applications, such as smart transportation, smart grids, smart city projects, smart homes, vehicular connectivity, and autonomous vehicles, is projected to foster market development over the forecast period. Due to the rapidly growing market of IoT devices, many enterprises are originating updated technology use cases utilizing IoT devices.

Many pioneers are implementing distributed ledger solutions for a decentralized network of IoT devices, thus eliminating the requirement for a central location to manage communications between devices. The enterprise-grade distributed ledger technology is predicted to enable direct communication between devices, consequently eliminating the need for other monitoring systems.

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What are the Key Enterprise-Grade DLT Market Challenges?

Various challenges that block the path for the enterprise-grade DLT market include technical issues, such as legal concerns, interoperability, standardization, and privacy. The challenge of interoperability can arise at multiple levels, at the technology level, and at the level of semantics, data models, and processes utilized in particular platforms and applications.

In addition to lack of legal clarity, lack of standards is emerging as a key challenge as the industry is moving towards digitization. On top of this, another issue of jurisdictional standardization is adding to the considerable challenge of legal systems amendment to permit trade digitization.

Segmentation Analysis of the Enterprise-Grade DLT Market

By Application, Supply Chain Segment Projected to Lead Enterprise-Grade DLT Market

The supply chain segment accounted for a market share of 27.8% in 2021. The growing demand for sophisticated supply chains in complex ecosystems and markets that involve many agreements, is catalyzing the segment growth in the market.

The application of enterprise-grade DLT in the supply chain allows heightened simplicity, enhanced transparency, fraud and error prevention, tamper-proof verification, increased efficiency, and finality.

Meanwhile, the payments category is predicted to witness rapid growth over the stipulated time frame, growing at a CAGR of 28.7%. The growing utilization of enterprise-grade DLT solutions by companies to custody and shift digital assets across entities and borders to meet the capital and liquidity requirements of the firm is predicted to facilitate the demand for enterprise-grade DLT in payments.

On the Basis of Deployment Mode, Cloud is Predicted to Witness the Fastest Growth

Cloud is predicted to observe a rapid CAGR of 28.6% between 2022 to 2032. The growing adoption of enterprise-grade DLT solutions by top cloud services providers, such as AWS, Alibaba, Google, Baidu, IBM, Huawei, SAP, Oracle, and Tencent is projected to contribute towards the market development of the global enterprise-grade DLT market over the forecast period.

Finance Industry to Dominate the Market Share Over the Forecast Period

As of 2021, the finance industry was estimated to account for a market share of 26.5% of the overall market, on the basis of industry. The growing innovation in the market to cater to the growing requirement to enhance private data privacy is anticipated to drive the adoption of enterprise-grade DLT solutions in the financial services industry.

Based on Enterprise, Medium-Sized Enterprises (500-999 Employees) Observe the Fastest Growth

Medium-sized enterprises are predicted to grow at the fastest CAGR of 28.7% in the upcoming years. The surging adoption of enterprise-grade DLT services owing to an emerging interest in distributed ledger technology for secure financial transactions is predicted to boost the growth of the enterprise-grade DLT market.

North America Represents the Largest Market Share in Enterprise-Grade DLT Market

North America enterprise-grade DLT market accounts for 29.8% of the overall market share. The market growth in the region can be attributed to the early adoption of enterprise-grade DLT services and the availability of various vendors that offer security and DLT solutions are anticipated to propel the regional market growth.

Furthermore, the surging implementation of security and risk management solution by businesses residing in the region to provide data security, safety against cyber-attacks, and commercial surveillance, to enable business continuity is projected to boost the market growth.

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Growing Developments by Key Players to Upshoot the Market Growth

Enterprise-grade DLT solutions are employed to either better the existing businesses or unlock new business opportunities. The surging use- cases for DLT are emerging every day, thus propelling the market development. Technological support is required by enterprises while developing, managing, and maintaining solutions.

Many players offer technological as well as architectural support for developing enterprise-grade DLT solutions. Hyperledger, Ethereum, R3- Corda, Ripple, ERIS, Insolar, Multichain, etc., are but a few of the enablers of DLT services and solutions.

Fujitsu opened FUJITSU Track and Trust Solution Center, an international enterprise blockchain in Brussels, Belgium in 2018. The Solution Center is dedicated to the firm’s commitment to distributed ledger technology and blockchain as a means to transform the way enterprises and consumers buy, exchange, and sell goods and services.

The Center also enables organizations to modify their operational and commercial models. The Solution Center is in charge of research with outer partners, uniting on particular projects to together explore DLT’s potential beyond financial services.

  • In November 2020, VMware announced the launch of VMware Blockchain, an enterprise-grade blockchain platform that accommodates the dynamic requirements of business-critical multi-party applications. The combination of VMware Blockchain, smart contracts, and distributed ledger technology helps transform financial market infrastructure.
  • In February 2020, Insolar, an enterprise-grade distributed ledger tech (DLT) platform, launched its own main network, while unveiling native Insolar Coin (XNS) to substitute its previously employed Ethereum-based digital token INS.

Key Segments Covered in the Enterprise-Grade DLT Market Report

By Application:

  • Supply Chain
  • Digital Identity
  • Payments
  • Smart Contracts
  • Others

By Deployment Mode:

  • Cloud
  • On-premise

By Industry:

  • Finance
  • Manufacturing and Resources
  • Distribution Services
  • Services
  • Public Sector
  • Infrastructure

By Enterprise Size:

  • Small Offices (1-9 Employees)
  • Small Enterprises (10-99 Employees)
  • Medium-Sized Enterprises (100-499 Employees)
  • Large Enterprises (500-999 Employees)
  • Very Large Enterprises (1000+ Employees)

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • Middle East & Africa (MEA)

Frequently Asked Questions

What is the Estimated Global Enterprise-Grade DLT Market Value in 2022?

The global enterprise-grade DLT market is estimated to be valued at USD 3.6 million in 2022.

What is the Growth Outlook of the Global Enterprise-Grade DLT Market?

The enterprise-grade DLT market is likely to grow at a CAGR of 26.7% from 2022 to 2032.

What is the Projected Value of the Enterprise-Grade DLT Market by 2033?

The enterprise-grade DLT market is projected to reach a valuation of USD 38.8 million by 2033.

Which Region Dominates the Global Enterprise-Grade DLT Market?

North America is projected to lead the global enterprise-grade DLT market by 2033.

Table of Content
  • 1. Executive Summary
  • 2. Market Overview
  • 3. Market Background
  • 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
  • 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
    • 5.1. Supply Chain
    • 5.2. Digital Identity
    • 5.3. Payments
    • 5.4. Smart Contracts
    • 5.5. Others
  • 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Deployment Mode
    • 6.1. Cloud
    • 6.2. On-Premise
  • 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Industry
    • 7.1. Finance
    • 7.2. Manufacturing and Resources
    • 7.3. Distribution Services
    • 7.4. Services
    • 7.5. Public Sector
    • 7.6. Infrastructure
  • 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Enterprise Size
    • 8.1. Small Offices (1-9 employees)
    • 8.2. Small Enterprises (10-99 employees)
    • 8.3. Medium-sized Enterprises (100-499 employees)
    • 8.4. Large enterprises (500-999 employees)
    • 8.5. Very Large Enterprises (1000+ employees)
  • 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
    • 9.1. North America
    • 9.2. Latin America
    • 9.3. Europe
    • 9.4. South Asia
    • 9.5. East Asia
    • 9.6. Oceania
    • 9.7. Middle East and Africa
  • 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 13. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 14. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 15. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 16. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 17. Key Countries Market Analysis
  • 18. Market Structure Analysis
  • 19. Competition Analysis
    • 19.1. Fujitsu
    • 19.2. Ethereum
    • 19.3. Hyperledger
    • 19.4. Aergo
    • 19.5. Corda
    • 19.6. Quorum
    • 19.7. ORS Group
    • 19.8. ChainLink
    • 19.9. Wells Fargo & Company
    • 19.10. Berkshire Hathaway Inc.
    • 19.11. JPMorgan Chase & Co.
  • 20. Assumptions & Acronyms Used
  • 21. Research Methodology
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