The UAE Blockchain Market size is projected to grow at a CAGR of around 42% during the forecast period, i.e., 2025-30.
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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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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UAE Blockchain Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- 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
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – OpenXcell, SoluLab, Cubix, Sfxdx, Quest GLT, Quytech, Digitalroar Softlabs, Apptunix, Web3soft, MixBytes, Aspired, and others
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