Global Decentralized Applications (DApps) Market Overview: 2023-2028
Base Year: 2022
Historical Years: 2018-21
Forecast Years: 2023-2028
The Global Decentralized Applications (DApps) Market is expected to grow at a CAGR of around 52.3% during the forecast period, i.e., 2023-28.
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Global Decentralized Applications (DApps) Market Dynamics: 2023-2028
Global Decentralized Applications (DApps) Market Key Growth Restraint:
Lack of Regulatory Compliance: A Major Threat to DApps & DeFi – Conventional banking systems are highly regulated, where transactions are monitored actively, and any fraudulent transaction results in the immediate block of both sender’s & receiver’s accounts. There is no such protection in DApps as they are decentralized entities that operate independently and are not controlled by any authority, central bank, or third party, which imposes certain regulatory requirements. Hence, the rising financial crimes like money laundering, terrorist financing, etc., worldwide are generating the need for regulatory compliance in decentralized applications, which currently lacks, and thus would hamper the growth of the Global Decentralized Applications (DApps) Market in the coming few years.
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Global Decentralized Applications (DApps) Market (2023-30): Segmentation Outlook
The market report has segmented the market into the following categories:
By Blockchain
-EOS
-TRON
-Ethereum
-IOST
-Steem
-Neo
-Others
Of them all, EOS is projected to attain a prominent share of the Global Decentralized Applications (DApps) Market during 2023-28.
By Category
-Gambling
-Exchange
-High-Risk
-Game
-Others
By End Users
-E-Commerce
-Healthcare
-Transportation
-Others
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific.
Of all regions globally, North America holds a larger share of the DApps Market.
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Top Companies Operating in the Global Decentralized Applications (DApps) Market:
ConsenSys, Blockchain Intelligence Group Inc., SoluLab Inc, Arctouch Inc, 10clouds, OpenLedger, Ionixx Technologies Private Limited, Hyperlink InfoSystem, Perfectial Group, Fueled Technologies Pvt. Ltd, Appinventiv, Interexy, Applicature, PixelPlex, ArcTouch, Others.
Market Recent Developments
- In February 2023, ConsenSys announced its partnership with Kaleido for transitioning its QBS (Quorum Blockchain Service) customers. This move is in line with ConsenSys’ aim to deprecate QBS and focus on MetaMask & Infura, its core value drivers.
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