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Blockchain Technology Market to Grow by USD 11.04 Billion from 2023-2027, Driven by Rising Venture Capital Investments, AI-Powered Insights- Technavio

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NEW YORK, Sept. 5, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global blockchain technology market size is estimated to grow by USD 11.04 billion from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of 32.72% during the forecast period. Increasing venture capital funding and investing in blockchain technology is driving market growth, with a trend towards high adoption of blockchain solutions for payments. However, security, privacy and blockchain transaction concerns poses a challenge. Key market players include Accenture Plc, Amazon.com Inc., Amcon Soft, Ara Soft Group LLC, Capgemini Service SAS, Cargoledger, ConsenSys Software Inc., Deloitte Touche Tohmatsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Infosys Ltd., Intel Corp., International Business Machines Corp., OpenLedger, Oracle Corp., PixelPlex Ltd, SAP SE, Tata Sons Pvt. Ltd., and Wipro Ltd..

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Forecast period

2023-2027

Base Year

2022

Historic Data

2017 – 2021

Segment Covered

End-user (BFSI, Government, Healthcare, and Others), Type (Private, Public, and Hybrid), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Accenture Plc, Amazon.com Inc., Amcon Soft, Ara Soft Group LLC, Capgemini Service SAS, Cargoledger, ConsenSys Software Inc., Deloitte Touche Tohmatsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Infosys Ltd., Intel Corp., International Business Machines Corp., OpenLedger, Oracle Corp., PixelPlex Ltd, SAP SE, Tata Sons Pvt. Ltd., and Wipro Ltd.

Key Market Trends Fueling Growth

Blockchain technology has gained significant traction in the payments industry, with numerous firms and organizations implementing blockchain-based payment systems for quick, secure, and affordable transactions. Bitcoin, a decentralized digital currency using blockchain technology, has garnered a large user base due to its fast processing times and low fees. Stablecoins, another blockchain-payment method, offers stability in the volatile cryptocurrency market and are linked to the value of traditional currencies. Businesses accept stablecoins as payment, and new networks like Ripple and Stellar facilitate quick and secure cross-border transactions. IBM and Amazon are among the major corporations utilizing blockchain technology for payments. The adoption of blockchain solutions for payments is projected to expand, but challenges such as regulation, scalability, and interoperability must be addressed during the forecast period.

Blockchain technology, a decentralized digital ledger, is revolutionizing various industries. At the financial level, institutions are exploring its use for secure transactions and digital currencies. Distributed Ledger Technology (DLT) is a trending topic among regulators and policymakers at both national and international levels. IoT technology integrates with blockchain for efficient tracking and data security. Standardization and interoperability are key focus areas for government bodies and research activities. Digital identity, payment environments, and public service delivery are major applications. Transaction fees, service providers, and middleware providers are shaping the market. Ethereum, Openchain, and Hyperledger are leading DLT platforms. Large enterprises in manufacturing, transportation, eCommerce, and more are adopting blockchain for payment and transaction. Weak identification laws fuel the demand for secure digital IDs. Security is a top priority in this market. Patents and market-related cryptocurrencies are also significant trends. 

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Market Challenges

Blockchain technology offers a secure and decentralized platform for various transactions, but concerns around security, privacy, and transaction validation persist. The security of blockchain networks is a key advantage, as transactions are verified by a network of nodes. However, potential vulnerabilities include single parties controlling over half of a network’s computer power, leading to transaction manipulation. Privacy is another concern, as every user on a public blockchain can see transactions. Striking a balance between transparency and privacy is crucial, with some networks offering encryption and anonymity features. Regulation is necessary to ensure legitimate and lawful transactions, and accurate logging and timestamping are essential to prevent fraud. These factors may hinder the growth of the global blockchain technology market.Blockchain Technology is revolutionizing various industries by providing secure and transparent digital transactions. However, challenges persist in areas like digital identity and market-related cryptocurrencies. Weak identification laws at the national level hinder the creation of secure digital IDs. In payment environments, high transaction fees and the need for service providers and middleware providers add complexity. Ethereum, Openchain, and Hyperledger are popular blockchain platforms, but large enterprises face challenges with smart contracts’ documentation and integration with existing systems. The payments sector, including digital payment systems, is seeing disruption with the removal of middlemen through blockchain. Healthcare, life sciences, IT and telecommunication, travel and hospitality, and logistics are exploring blockchain for supply chain management and real-time analytics. IBM Blockchain Platform offers multi-party systems and multi-cloud offerings. IOT connectivity and real-time analytics are key for industries like logistics and supply chain management. Technical skillset is a barrier for widespread adoption, and venture capitalists are investing in Blockchain Technology Solutions. Capital inflows continue with Web3, DeFi, and Crypto Asset Markets. Regulatory acceptance is crucial for mainstream adoption. Firozabad, Polygon, and other emerging platforms are entering the market. ICOs remain a controversial funding method. Overall, blockchain’s potential is vast, but challenges must be addressed for widespread adoption.

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Segment Overview

This blockchain technology market report extensively covers market segmentation by

End-user1.1 BFSI1.2 Government1.3 Healthcare1.4 OthersType2.1 Private2.2 Public2.3 HybridGeography3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 BFSI- Blockchain technology is a digital and decentralized ledger system that records transactions across multiple computers. It ensures security and transparency by using cryptography and eliminating the need for intermediaries. Businesses are increasingly adopting blockchain for its efficiency, cost savings, and enhanced security in areas like supply chain management, financial transactions, and digital identity verification. This technology offers significant benefits, including increased trust, faster processing times, and improved data accuracy. Companies across industries are exploring its potential to streamline operations, reduce fraud, and enhance customer experiences.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2023-2027) and historic data (2017 – 2021) 

Research Analysis

Blockchain Technology is revolutionizing various industries by providing secure and decentralized digital solutions. One significant application is in the creation of secure digital IDs, addressing the weaknesses of existing identification laws at the national level. This technology is also transforming payment environments, offering lower transaction fees and increased security compared to traditional methods. Middleware providers and service providers play crucial roles in facilitating the adoption of Blockchain Technology Solutions. In the realm of cryptocurrencies, Blockchain Technology is the backbone for market-related activities, including Ethereum, Openchain, Hyperledger, and others. Its applications extend to logistics and supply chain management, banking, and even in the DeFi and Crypto Asset Markets. The technical skillset required to implement and manage Blockchain solutions is in high demand, attracting venture capitalists and significant capital inflows. The Web3 vision of a decentralized internet further expands the potential use cases for this groundbreaking technology.

Market Research Overview

Blockchain Technology is revolutionizing various industries by providing secure and transparent digital solutions. The market related to cryptocurrencies is a significant segment, but Blockchain’s potential goes beyond that. Weak identification laws at the national level are driving the demand for secure digital IDs in payment environments. Middleware providers like Ethereum, Openchain, and Hyperledger are enabling large enterprises to build and implement Blockchain solutions for payment and transaction systems, smart contracts, and document management. Service providers are offering middleware, exchanges, and payments sector solutions, while IOT connectivity and real-time analytics are enhancing efficiency in logistics and supply chain management. Industries like healthcare, life sciences, IT and telecommunication, travel and hospitality, banking, and manufacturing are adopting Blockchain Technology Solutions. Technical skillset, venture capitalists, and capital inflows are fueling innovation in Web3, DeFi, and Crypto Asset Markets. Regulatory acceptance, standardization, and interoperability are crucial for the growth of this technology at international levels. Government bodies, policymakers, and research activities are paving the way for public service delivery and efficiency gains. Patents, security, and eCommerce are also benefiting from this distributed ledger technology.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userBFSIGovernmentHealthcareOthersTypePrivatePublicHybridGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Cambium Networks Introduces High Density Wi-Fi 7 Solution for the Enterprise

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New tri-band, software-definable Wi-Fi 7 solution delivers precision directive coverage with AI optimization for exhibition halls, auditoriums, warehouses, and other high-density environments.

HOFFMAN ESTATES, Ill., July 22, 2026 /PRNewswire/ — Cambium Networks, a leading global provider of networking solutions, today announced a new Wi-Fi 7 high-density access point – the X7-56X – engineered to deliver high-performance wireless connectivity in the most demanding environments. Designed to meet the needs of large public venues, exhibition halls, busy public spaces, and educational campuses, the solution combines focused RF coverage, AI-driven optimization, and cloud-managed simplicity in a high-capacity platform.

The X7-56X extends Cambium Networks’ Wi-Fi 7 portfolio with a software-definable tri-band architecture featuring 60° x 60° directive antennas designed for precision coverage and reduced co-channel interference in congested RF environments. The platform supports up to 1,280 clients per access point and up to 17.9 Gbps aggregate wireless capacity across the three Wi-Fi spectrum bands.

“The X7-56X performed very well in our ticket scanning points that have high ceilings and see significant foot traffic volume,” said Jonathan West from the National Ice Centre in Nottingham, UK. “What makes this AP practical for a venue like ours is the integrated 60×60 degree antennas that eliminate separate antennas and cabling and can add significant cost, complexity, and footprint to every mount. Engineering all of that into one unit expedites installation and improves aesthetics as well. This form factor will extend to applications in our seating bowl as well.” 

“What excites me about the X7-56X is how well its directional approach works for some of our toughest spaces, such as auditoriums at capacity or the basketball arena on game night,” said Jeremy Petticrew, Network Engineer at University of Mary Hardin-Baylor. “Precisely controlling Wi-Fi coverage has always been the hard part, and having an AP designed specifically for that, inside a platform we already trust, is a real advantage as device counts keep climbing.”

The X7-56X integrates with Cambium’s ONE Network architecture comprised of Wi-Fi, switching, security, SD-WAN, wireless backhaul, and fiber – all managed through the cloud via cnMaestro™ X. This unified approach provides centralized visibility and control across the entire network infrastructure from a single source of truth.

The new solution provides a compelling Total Cost of Ownership (TCO) proposition by reducing the amount of equipment required in typical installations. These advantages are enabled by:

Directive antennas that focus Wi-Fi coverage only where needed – a spotlight approach vs. the floodlight type of inefficiencies of omni-directional antennas

Integrated Wi-Fi controller in every AP, eliminating the need for separate appliance or VM-based controller solutions

Software-defined radios that enable flexible deployment of the 5GHz and 6GHz Wi-Fi bands matched to environment needs, reducing the number of APs required

Key capabilities of the X7-56X include:

Tri-radio, tri-band Wi-Fi 7 architecture

4×4 MU-MIMO support with ten total spatial streams

60° x 60° directive antenna for precision coverage

Air Cleaner technology for high-density RF optimization

AI-based Assurance for improved operational efficiency and problem resolution

Software-definable radios supporting flexible 5 GHz and 6 GHz migration

Built-in IoT radio supporting BLE 5.1, Zigbee, Matter, and Thread

Simplified installation with the MarketApps Installer mobile-based app and flexible mounting options

Cloud-based management through cnMaestro™

“High-performance Wi-Fi requires more than just raw throughput,” said Bruce Miller, VP Enterprise Product Management at Cambium Networks. “Intelligent RF management, flexible deployment options, and simplified operations are key to support growing device counts, IoT proliferation, and AI-powered applications. The X7-56X was purpose-built for these challenges while at the same time delivering compelling economics for enterprise IT and managed service providers.”

“The X7-56X brings together several technologies that are particularly valuable in high-density environments,” said Kevin Tolly, Founder of The Tolly Group. “The directive antenna design, Wi-Fi 7 architecture, integrated IoT capabilities, and cloud-managed operation provide organizations with a practical approach to supporting growing connectivity requirements while maintaining operational simplicity.”

View the Tolly Group preview video of the X7-56X, showcasing the access point’s ultra-high-density design, Wi-Fi 7 capabilities, deployment flexibility, and performance advantages for demanding enterprise environments.

Cambium Networks’ directional Wi-Fi 7 innovation was recently highlighted by Wi-Fi NOW in an Expert Insights article by CEO and Chairman Claus Hetting.

Watch our webinar replay, “High-Performance Wi-Fi with New Wi-Fi 7 and 6 GHz Solutions.”

About Cambium Networks

Cambium Networks enables service providers, enterprises, industrial organizations, and governments to deliver exceptional digital experiences, and device connectivity, with compelling economics. Our ONE Network platform simplifies management of Cambium Networks’ wired and wireless broadband and network edge technologies. Our customers can focus more resources on managing their business rather than the network. We make connectivity that just works.

Media Contact

pr@cambiumnetworks.com

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SOURCE Cambium Networks

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OCEAN Launches Portal, the First End-to-End Encrypted Pool Dashboard for Bitcoin Miners

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New customizable dashboard gives miners operation-wide tools without surrendering privacy or identity

MIAMI, July 22, 2026 /PRNewswire/ — Today OCEAN announced the launch of OCEAN Portal, a customizable, end-to-end encrypted dashboard that gives Bitcoin miners a complete view of their operation. PORTAL was unveiled on stage at Mining Disrupt 2026, the world’s largest Bitcoin mining expo and conference, held July 21-23 at the Miami Airport Convention Center, by OCEAN President Mark Artymko. PORTAL is available now, for free, to all miners on OCEAN at portal.ocean.xyz.

OCEAN was built permissionless from the ground up, a deliberate design choice that, like Bitcoin itself, gives miners unhindered access to their own information. Traditional pools organize miner data by storing it on their own servers. OCEAN Portal delivers that same organized, polished experience while keeping miners fully in control: a permissionless, encrypted view of your mining addresses with the look and feel of an enterprise-style dashboard. Miners can combine multiple Bitcoin addresses into a single view, organize addresses by site, and assign human-readable names to sites, workers, and teams. Portal includes site-specific statistics, worker insights, payout information in Bitcoin and fiat, robust reporting tools, and access controls that let operators share full dashboards with their teams or generate expiring read-only links for clients. No account or email is required. Miners sign in with a Bitcoin address and a password they create. The convenience of enterprise dashboards, with the security of OCEAN.

“PORTAL was built in direct response to miner feedback,” said Mark Artymko, President of OCEAN. “Some of our miners told us that a customizable dashboard was the only thing standing between their full stack of hashrate and the pool. OCEAN heard them, and built it.”

PORTAL is powered by Sub-space Locker, an application-independent encrypted storage and access-control system developed by OCEAN. Built on public-key cryptography, Sub-space Locker authenticates users, stores encrypted application data, and controls what each user can access. Encryption and decryption happen locally in the user’s browser, leaving OCEAN and other intermediaries unable to read the underlying data.

“Every mining pool dashboard on earth makes the same trade: your tooling for your identity,” said Jason Hughes, VP of Engineering at OCEAN. “PORTAL refuses that trade. Miners get pool-grade information in the most sovereign way possible. We couldn’t read their data even if we tried.”

Since launching in 2023, OCEAN has focused on returning sovereignty to Bitcoin miners through permissionless, non-custodial pooled mining, fully transparent and auditable TIDES payouts, and DATUM, which puts block template construction back in miners’ hands. PORTAL extends that mission from the pool to the mining operation itself.

OCEAN Portal is available now at portal.ocean.xyz.

About OCEAN

OCEAN is a Bitcoin mining pool built on miner sovereignty. Operated by Mummolin, Inc., OCEAN offers non-custodial payouts, transparent reward accounting, and DATUM, the only pool technology that lets individual miners construct their own block templates.

Media Contact Ian Northon media@ocean.xyz

 

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SOURCE Mummolin Inc

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PlayVS and Scouting America Announce Gaming Activation at the 2026 National Jamboree

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New immersive gaming hub will bring structured esports competition, casual play, and digital citizenship programming to Scouts at Summit Bechtel Reserve

LOS ANGELES, July 22, 2026 /PRNewswire/ — PlayVS, North America’s leading scholastic gaming platform, today announced a partnership with Scouting America to bring a state-of-the-art gaming activation to the 2026 National Jamboree, taking place July 22–31, 2026. One of Scouting America’s premier youth gatherings, the National Jamboree at Summit Bechtel Reserve in West Virginia, brings Scouts together from across the country for adventure, fellowship, skill-building, and shared experiences.

Running throughout the National Jamboree, the PlayVS Arena will offer a rotating schedule of competitive tournaments, leaderboard challenges, casual gaming, and hands-on technology experiences. Designed for Scouts of all experience levels, the activation promotes teamwork, digital citizenship, sportsmanship, and healthy competition while creating a welcoming space for Scouts to connect over a shared passion for gaming. The arena gives Scouts the opportunity to connect with friends, test their skills, and experience organized esports in an environment designed for participation, sportsmanship, and fun.

“At PlayVS, we believe gaming can be a powerful way for young people to build confidence, practice teamwork, and develop meaningful connections,” said Andrew Barnett, Partnership Lead. “Partnering with Scouting America allows us to bring that experience to one of the country’s most iconic youth gatherings and show how structured gaming can complement the values of leadership, fellowship, and skill-building that Scouting has championed for generations.”

The gaming activation will feature a high-tech mobile gaming trailer outfitted with gaming stations, virtual reality experiences, and a professional racing simulator. A dedicated event tent located alongside the trailer will expand the experience with additional console stations for free play, spectating, and community engagement throughout the Jamboree.

PlayVS aims to deliver a memorable gaming experience that brings together the excitement of play with the values of leadership, teamwork, and community.

About PlayVS

PlayVS is North America’s leading scholastic and collegiate gaming platform, helping students unlock the educational, social, and personal benefits of competitive gaming. The company brings together students, coaches, educators, and schools through structured, education-aligned competition across K–12 and college. PlayVS is the official esports partner of the NFHS Network, the Special Olympics, and state and regional organizations across the U.S. and Canada. To learn more, visit playvs.com.

Media Contact:
press@playvs.com

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