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Blockchain Technology Market to grow by USD 11.05 Billion (2023-2027), driven by rising venture capital investments. Report on AI’s impact on market trends – Technavio

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NEW YORK, Nov. 15, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global blockchain technology market size is estimated to grow by USD 11.05 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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Blockchain Technology Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017 – 2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 32.72%

Market growth 2023-2027

USD 11047.61 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

30.56

Regional analysis

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

Performing market contribution

North America at 46%

Key countries

US, Canada, China, UK, and Germany

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.

Market Driver

Blockchain technology is revolutionizing various industries by providing secure digital IDs and streamlined payment environments. Market related cryptocurrencies like Bitcoin and Ethereum are leading the charge, addressing weak identification laws at the national level. Large enterprises in sectors such as healthcare, life sciences, IT and telecommunication, travel and hospitality, and banking are adopting blockchain for payment and transaction processing, smart contracts, and document management. Middleware providers like IBM Blockchain Platform, Polygon, and Hyperledger offer solutions for multi-party systems and multi-cloud offerings. IOT connectivity and real-time analytics are also key applications. Regulatory acceptance and standardization are crucial for mass adoption. Technical skillset is in high demand for blockchain technology solutions. Venture capitalists are pouring capital into this space, fueling innovation in DeFi, Crypto Asset Markets, and ICOs. Regulators and policymakers are collaborating at both national and international levels to ensure efficiency, security, and interoperability. Patents and research activities are driving innovation in this exciting field. Public service delivery, manufacturing, transportation, and eCommerce are also exploring blockchain’s potential. Security is a top priority for all stakeholders.

Blockchain technology has gained significant traction in the payments sector as numerous businesses and organizations have adopted it for their payment operations. This technology enables quick, secure, and affordable transactions, making it an attractive option for various industries. Bitcoin, a decentralized digital currency utilizing blockchain technology, has garnered a substantial following due to its fast transaction processing times and low fees. Another popular blockchain-based payment method is stablecoins, which have seen increasing usage in recent years. These digital currencies offer stability in value and can facilitate seamless transactions between parties. Overall, the adoption of blockchain technology in payments is a noteworthy trend that continues to shape the financial landscape.

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Market Challenges

Blockchain technology is revolutionizing various industries by providing secure and transparent digital solutions. However, challenges persist in areas like digital identity and market-related cryptocurrencies due to weak identification laws at the national level. To address this, secure digital IDs are being developed using blockchain. 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, with large enterprises exploring payment and transaction use cases through smart contracts. Industries like healthcare, life sciences, IT and telecommunication, travel and hospitality, and banking are adopting blockchain for document management, exchanges, and real-time analytics. Technical skillset is essential for implementing these solutions, with venture capitalists and capital inflows driving innovation in DeFi, crypto asset markets, and ICOs. Regulatory acceptance and standardization are crucial for widespread adoption, with government bodies and policymakers collaborating at both national and international levels. IoT technology and real-time analytics are also being integrated into blockchain solutions for industries like logistics and supply chain management. Patents, security, and efficiency are key considerations, with eCommerce, manufacturing, and transportation also exploring blockchain’s potential.Blockchain technology offers a secure and transparent platform for various transactions, providing a decentralized system where networks of nodes validate and verify each transaction. This adds an extra layer of security compared to traditional systems. However, potential risks such as unauthorized access to networks and digital asset theft remain. Effective security measures are essential to safeguard user data and assets, ensuring the integrity and trustworthiness of blockchain technology in business applications. Despite these challenges, the technology’s decentralized nature makes it difficult for one party to control the system, offering significant potential for secure and efficient business transactions.

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Segment Overview 

This blockchain technology market report extensively covers market segmentation by

End-user 1.1 BFSI1.2 Government1.3 Healthcare1.4 OthersType 2.1 Private2.2 Public2.3 HybridGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 BFSI-  In the BFSI sector, blockchain technology (BT) is utilized to reduce fraud, execute smart contracts, process payments, and conduct know-your-customer (KYC) due diligence. Financial institutions are implementing BT for post-trade settlement, payments, reference data, and trade finance. Although challenges, such as a lack of trust in BT by officials and the need for regulatory compliance, exist, the efficiency gains from operational and labor cost savings can significantly impact the industry. BT can streamline KYC processes by enabling independent verification of clients, reducing the need for repetition among financial institutions and lowering administrative costs. Fraud and theft are significant issues for financial institutions, with billions of dollars lost annually due to centralized databases being vulnerable to hacking. BT’s distributed ledger technology offers enhanced security by providing a tamper-proof, decentralized database. Compliance with current and future privacy laws is crucial for BT in the BFSI sector. Although regulations are currently limited, new ones are expected to be introduced to ensure data security. Additionally, BT must be scalable to handle large data sets, contributing to the growth of this segment in the global blockchain technology market.

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Research Analysis

Blockchain Technology is revolutionizing various industries by providing a decentralized, secure, and transparent solution for digital transactions. The market for blockchain technology is expanding rapidly, driven by the need for secure digital IDs and the growth of market-related cryptocurrencies. However, weak identification laws at the national level pose a challenge to the widespread adoption of blockchain technology. In payment environments, blockchain technology offers lower transaction fees and increased security compared to traditional methods. Service providers and middleware providers are playing a crucial role in the implementation of blockchain technology in industries such as logistics, supply chain management, banking, and more. Ethereum, Openchain, and Hyperledger are some of the popular blockchain platforms used for building decentralized applications. The technical skillset required to work with blockchain technology is in high demand, leading to an influx of venture capitalists and capital inflows into the industry. Web3, DeFi, and crypto asset markets are some of the emerging areas where blockchain technology is making a significant impact. The future of blockchain technology looks promising, with endless possibilities for innovation and disruption.

Market Research Overview

Blockchain Technology is revolutionizing various industries by providing secure and decentralized digital solutions. The market related to cryptocurrencies is a significant part of this technology, but its applications extend beyond just digital currencies. Weak identification laws at the national level are driving the demand for secure digital IDs in payment environments. Ethereum, Openchain, Hyperledger, and other blockchain platforms are enabling large enterprises to build payment and transaction systems using smart contracts. Middleware providers are facilitating the integration of these solutions into existing systems. Sectors like healthcare, life sciences, IT and telecommunication, travel and hospitality, and logistics and supply chain management are exploring the potential of blockchain technology. Technical skills in blockchain technology solutions are in high demand, attracting venture capitalists and capital inflows. Web3, DeFi, and crypto asset markets are emerging areas of interest. Regulatory acceptance and standardization are crucial for the growth of this technology at international levels. IoT technology and real-time analytics are also being integrated into blockchain systems. Government bodies are investing in research activities and public service delivery for increased efficiency. Patents and security are key concerns for the industry. ECommerce, manufacturing, transportation, and banking are also adopting blockchain technology for various use cases.

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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ADX welcomes Morgan Stanley as the first international investment bank Remote Trading Member, expanding global access to Abu Dhabi’s capital markets

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ABU DHABI, UAE, May 5, 2026 /PRNewswire/ — The Abu Dhabi Securities Exchange (ADX) Group today announced that Morgan Stanley, a leading investment bank and financial services company, has joined the ADX as its first international investment bank Remote Trading Member — enabling Morgan Stanley’s clients to access the ADX directly.

This milestone strengthens ADX’s global connectivity and supports growing international institutional demand for exposure to UAE markets. It also reinforces its position as one of the world’s fastest-growing exchanges by market capitalization, while highlighting the market’s continued progress in depth, liquidity, and inclusion in major global indices.

Remote membership enables Morgan Stanley to provide its clients with direct market access to the ADX, with trading conducted via the firm’s global trading platform. The ADX continues to play a pivotal role in advancing Abu Dhabi’s long-term economic ambitions, as a mechanism for a diversified, innovation-led, knowledge-based economy.

Morgan Stanley’s direct trading access to ADX reflects the strength of Abu Dhabi’s investment proposition and the continued institutionalization of UAE capital markets. Morgan Stanley’s membership will enhance execution quality, optimize order routing, and provide greater control across the end-to-end trade lifecycle, delivering an advanced trading experience for global investors.

The structure follows a proven international access model used by Morgan Stanley and is designed to meet growing client demand for efficient, transparent, and seamless access to ADX-listed opportunities.

Abdulla Salem Alnuaimi, Group Chief Executive Officer of Abu Dhabi Securities Exchange (ADX) Group, said: “This marks a significant step in advancing our ambition to be a leading financial marketplace that drives opportunity and sustainable economic growth. This momentum is reflected in the strong foreign investor participation, with trading value exceeding 85 billion dirhams in the first quarter of 2026 up by 22% year on year. This performance underscores the growing depth and global relevance of our market, while reinforcing our commitment to expanding international access, strengthening cross-border connectivity, and building a world-class market infrastructure that attracts global capital, supports a diverse range of issuers and contributes to Abu Dhabi’s long-term economic prosperity.”

Patrick Delivanis, Regional Co-Head of MENA at Morgan Stanley, said: “Becoming a Remote Trading Member of ADX reflects our focus on providing clients with efficient, seamless access to Abu Dhabi’s capital markets through our market–leading trading platform. We see continued momentum in the institutionalization and international participation of UAE markets, and we’re pleased to support that evolution by enabling international investors to access opportunities in MENA with direct connectivity to local markets, alongside greater transparency and control across the trading lifecycle.”

Morgan Stanley’s participation aligns with ADX’s strategy to strengthen international connectivity, with remote memberships selectively offered to global firms to attract high-quality cross-border liquidity. The announcement builds on the ADX’s expansion momentum: in 2025, foreign investment rose by nearly 14% and institutional trading increased by 10% year on year. Subject to final operational readiness, Morgan Stanley expects to begin trading as a remote member in the coming weeks.

About Abu Dhabi Securities Exchange (ADX)

The Abu Dhabi Securities Exchange (ADX) was established on 15 November 2000 pursuant to Local Law No. (3) of 2000, which granted the exchange legal rights with independent financial and administrative status, as well as the necessary supervisory and executive powers necessary to carry out its functions. On 17 March 2020, the ADX was converted from a public entity into a Public Joint Stock Company (PJSC) in accordance with Law No. (8) of 2020.

The ADX Group, a market infrastructure group comprising the exchange (ADX) and its post-trade ecosystem, including its wholly owned subsidiaries AD Depository and AD Clear, was established. Through its integrated and globally aligned business structure, the ADX Group supports efficient, transparent, and resilient capital markets across trading, clearing, settlement, and custody.

The Group provides an efficient and regulated marketplace for the trading of securities, including equities issued by public joint-stock companies, bonds issued by governments and corporations, exchange-traded funds (ETFs), and other financial instruments approved by the UAE Capital Market Authority.

The ADX is the second-largest exchange in the Arab region by market capitalization. Its strategy of delivering stable financial performance through diversified revenue streams is aligned with the UAE’s national development agenda, “Towards the Next 50”, which aims to build a sustainable, diversified, and high-value-added economy.

For more information, please contact:
Abdulrahman Saleh ALKhateeb
Manager of Corporate Communication
Abu Dhabi Securities Exchange (ADX)
Mobile: +971 (50) 668 9733
Email: ALKhateebA@adx.ae

 

 

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SOURCE Abu Dhabi Securities Exchange (ADX)

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Geotab integrates Polestar vehicles into its OEM telematics network

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Fleet operators across North America, Europe, and APAC can now access Polestar vehicle data directly in MyGeotab — no aftermarket hardware required.

LONDON, UK, May 5, 2026 /PRNewswire/ — Geotab, a global leader in connected vehicle and asset management solutions, today announced the integration of Polestar vehicles into its OEM telematics network, giving commercial fleet operators seamless access to Polestar data within MyGeotab from day one — with no aftermarket hardware installation required. The integration is available globally across North America, Europe, and Asia Pacific, supporting all Polestar models.

Developed in collaboration with Geotab, among other telematics service providers, Polestar Fleet Telematics integrates directly into MyGeotab. The Geotab integration enables fleet managers to manage Polestar vehicles alongside all other makes and models on a single unified platform — without fitting additional devices.

Connected vehicle data where it matters most

Through Polestar Fleet Telematics, fleet operators gain near-real-time access to a comprehensive dataset — covering EV battery and charging status, location, tyre information, vehicle security, maintenance alerts, and climate data — flowing directly from Polestar’s connected vehicle architecture into MyGeotab, with no physical installation required.

This breadth of data enables fleet managers to move from reactive to proactive operations — scheduling maintenance before failures occur, optimising charge planning across depots, and maintaining duty-of-care oversight across the entire fleet.

Supporting Europe’s Mixed-Fleet Reality

OEM-embedded telematics removes the need for aftermarket device installation across mixed-manufacturer fleets, reducing logistical overhead and supporting compliance with works council and GDPR requirements — a critical consideration for European fleet operators.

“Polestar Fleet Telematics combines sustainability with intelligence, integrating seamlessly with Geotab to deliver these capabilities directly into the platforms fleet operators trust. Continuous data visibility enables more efficient and informed fleet operations, from day-to-day management to long-term planning. By leveraging Polestar vehicles’ embedded connectivity, fleet managers can make smarter, data-driven decisions — without adding hardware or complexity to their operations.” said Emma Knapp, Manager of Global Key Accounts at Polestar.

Polestar joins an OEM telematics network that already spans over 80% of leading global vehicle manufacturers by fleet market share, including BMW Group, Ford, Stellantis, Volkswagen Group, and Volvo Cars. For fleet operators already using MyGeotab, Polestar vehicles can be connected and deliver data without any additional hardware or installation.

“OEM-embedded telematics represents a change in how fleet data reaches the platform — and Polestar’s connected vehicle architecture makes this integration particularly well-suited for markets that are seriously considering transitioning to electric vehicles.” said Christoph Ludewig, Vice President OEM Global at Geotab. “Fleet operators managing mixed EV and internal combustion engine fleets no longer need separate tools or hardware for each vehicle type. Polestar data flows directly into MyGeotab alongside every other vehicle in the fleet — giving operators the consolidated visibility they need to drive efficiency, support duty of care, and manage their EV transition with confidence.”

Global Availability

The integration is available now across North America, Europe, and Asia Pacific, supporting all Polestar models. Fleet managers can activate the service via the Geotab Marketplace or by contacting their Geotab representative.

About Polestar

Polestar (Nasdaq: PSNY) is the Swedish electric performance car brand with a focus on uncompromised design and innovation, and the ambition to accelerate the change towards a sustainable future. Headquartered in Gothenburg, Sweden, its cars are available in 28 markets globally across North America, Europe and Asia Pacific.

Polestar has four models in its line-up: Polestar 2, Polestar 3, Polestar 4, and Polestar 5. Planned models include the Polestar 7 compact SUV (to be introduced in 2028) and the Polestar 6 roadster. With its vehicles currently manufactured on two continents, North America and Asia, Polestar plans to diversify its manufacturing footprint further, with production of Polestar 7 planned in Europe.

Polestar has an unwavering commitment to sustainability and has set an ambitious roadmap to reach its climate targets: halve greenhouse gas emissions by 2030 per-vehicle-sold and become climate-neutral across its value chain by 2040. Polestar’s comprehensive sustainability strategy covers the four areas of Climate, Transparency, Circularity, and Inclusion.

About Geotab

Geotab is a global leader in connected vehicle and asset management solutions, with headquarters in Oakville, Ontario and Atlanta, Georgia. Our mission is to make the world safer, more efficient, and sustainable. We leverage advanced data analytics and AI to transform fleet performance and operations, reducing cost and driving efficiency. Backed by top data scientists and engineers, we serve approximately 100,000 global customers, processing 100 billion data points daily from more than 5 million vehicle subscriptions. Geotab is trusted by Fortune 500 organisations, mid-sized fleets, and the largest public sector fleets in the world, including the US Federal government. Committed to data security and privacy, we hold FIPS 140-3 and FedRAMP authorisations. Our open platform, ecosystem of outstanding partners, and Geotab Marketplace deliver hundreds of fleet-ready third-party solutions. This year, we’re celebrating 25 years of innovation. Learn more at www.geotab.com/uk and follow us on LinkedIn or visit our blog.

GEOTAB and GEOTAB MARKETPLACE are registered trademarks of Geotab Inc. in Canada, the United States and/or other countries.

Media Contact: Geotab Contact, Romina Dashghachian, Strategic Communications Lead, EMEA, pr@geotab.com

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IDX Opens Geneva Office and Strengthens Global Data & Insights Capability

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New Swiss presence and specialist team integration support growing global demand for evidence-based, defensible communications strategies

LONDON, May 5, 2026 /PRNewswire/ — IDX today announced the opening of its new Geneva office and the integration of a specialist Data & Insights team, strengthening the company’s international footprint and expanding its ability to help clients worldwide build communications strategies grounded in evidence, market intelligence and audience insight.

The expansion gives IDX an on-the-ground presence in Switzerland while adding further depth to its Data & Insights capability. The Geneva-based team will work closely with IDX specialists across performance marketing and corporate communications, helping clients develop a clearer view of the markets they operate in and the forces shaping their growth.

The move aligns with Destination 250 – Customers First, IDX’s global strategy to grow its team by 250, focused on deepening client value, strengthening delivery and investing in the capabilities that matter most to clients.

The investment strengthens the Data pillar of IDX’s Connected Content™ model, which combines Creative, Data, Technology and Media to create what IDX calls The Multiplier Effect, helping clients multiply what matters through more connected, measurable and effective work.

“IDX is experiencing phenomenal growth, and our new Geneva office gives us boots on the ground to better serve clients across Europe and globally across performance marketing, investor relations and corporate communications,” said Crispin Beale, Worldwide CEO, IDX. “Data has been at the heart of this business for decades, and this centre of excellence reflects our continued investment in that capability. It’s an incredibly exciting time for IDX, and I look forward to the next phase of our growth as we continue to expand globally.”

“This is an exciting step in IDX’s growth story and a clear response to what clients are asking for: more evidence-based thinking, stronger market context and clearer rationale behind their communications strategies,” said Chris Corrigan, Chief Customer Growth Officer, IDX. “Our new presence in Geneva, combined with deeper Data & Insights expertise, strengthens the way we support clients globally, giving them earlier access to the insight and market context they need to make better-informed decisions and turn evidence into action.”

The Geneva office will strengthen relationships with existing clients in the region, support re-engagement with former partners and create new opportunities for IDX with organisations operating across European and global markets. It reflects IDX’s continued investment in the capabilities that matter most to clients as communications, marketing and corporate reputation work become increasingly data-led and commercially accountable.

“IDX’s integrated offer across insights, performance marketing and corporate communications, powered by the combination of human intelligence, advanced technology and AI, represents exactly where the industry is heading,” said Lonneke de Roo, Head of Data & Insights, IDX. “I am delighted to join the business and help clients navigate increasingly complex markets with clearer evidence, sharper insight and more connected strategies.”

ABOUT IDX  

IDX is a global strategic communications and marketing agency, headquartered in London with offices around the world, including New York, London, Phoenix, Helsinki, Gothenburg, Geneva, and Vadodara. Working with more than 1,600 clients across sectors, IDX combines deep industry knowledge with a data-first mindset to help ambitious brands thrive in complex, fast-moving markets. The firm specialises in performance marketing, investor relations, and stakeholder engagement, delivering integrated campaigns that drive meaningful business outcomes. Visit www.idx.inc to learn more.

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