According to Markntel Advisors Report, UAE Blockchain Market is expected to grow at a significant growth rate, and the analysis period is 2025-2030, considering the base year as 2024.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Blockchains are also known as Distributed Ledger Technology (DLT). It is a decentralized, immutable, and digital ledger that stores digital information. The blocks are connected in chronological order forming a chain, in which each transaction is recorded in a new block. The blocks contain the header, a Hash, a timestamp, and a nonce, which securely stores transactions across multiple computers.

 

Global UAE Blockchain Market Research Report & Summary:

The UAE Blockchain Market size is projected to grow at a CAGR of around 42% during the forecast period, i.e., 2025-30. The growth in the UAE Blockchain Market is influenced by various government initiatives that promote Blockchain technology.        

Time Period Captured in the Report:

• Historical Years: 2020-2023
• Base Years: 2024
• Forecast Years: 2025-2030

Who are the Key Players Operating in the UAE Blockchain Market?

The top companies of the UAE Blockchain Market ruling the industry are: 

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

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What is Included in UAE Blockchain Market Segmentation?

The UAE Blockchain Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

-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

-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

-By Region

-Dubai

-Abu Dhabi

-Sharjah

-Northern Emirates

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The UAE Blockchain Market Driver:

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

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