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Middle East And Africa Blockchain Market
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Middle East And Africa Blockchain Market

Home ICT Middle East And Africa Blockchain Market

Middle East and Africa Blockchain Market, By Component (Platforms, Services); By Provider (Application Provider, Middleware Provider, Infrastructure Provider); By Type (Public, Private, Hybrid); By Organization Size (SMEs, Large Enterprises); By Application (Transportation & Logistics, Agriculture & Food, Banking & Financial Institutions, Manufacturing, Energy & Utilities, Government, Others (Healthcare & Life Sciences, IT & Telecom, Retail & E-commerce)); By Country (Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of MEA), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: August 2024
  • Report ID: BWC24585
  • Available Format: PDF
  • Page: 300

Report Overview

An increasing demand for secure transactions, rising adoption in financial services, growing government initiatives and regulatory support are expected to drive Middle East and Africa Blockchain Market during the forecast period between 2024 and 2030

Middle East and Africa Blockchain Market – Industry Trends & Forecast Report, 2030

Middle East and Africa Blockchain Market size was estimated at USD 1.2 billion in 2023. During the forecast period between 2024 and 2030, Middle East and Africa Blockchain Market size is projected to grow at a CAGR of 67.2% reaching a value of USD 41.65 billion by 2030. Prominent drivers of the market include the increasing adoption of blockchain across diverse industry verticals has garnered significant attention from established players such as IBM and Microsoft, as well as numerous startups. In recent years, venture capitalists have heavily funded blockchain startups, leading to innovative and disruptive solutions across industries like banking, entertainment, logistics, and healthcare. These startups are collaborating with independent consortia to develop specialized blockchain applications. Major companies such as Walmart, Maersk, British Airways, UPS, and FedEx have successfully implemented blockchain to streamline business functions, reduce costs, and improve operational efficiency. The positive outlook on funding and startup activity is expected to drive substantial growth in the Middle East and Africa Blockchain Market over the forecast period.

Middle East and Africa Blockchain Market

Blockchain – Overview

Blockchain is a decentralized, distributed ledger technology that records transactions across multiple computers to ensure security, transparency, and immutability. Each transaction is grouped into a "block," which is cryptographically linked to the previous block, forming a continuous "chain." Managed by a network of nodes (computers) that validate and reach consensus on transactions, blockchain technology operates without a central authority. It features decentralization, transparency, immutability, and security, which are achieved through cryptographic techniques. This technology underpins various applications, including cryptocurrencies, supply chain management, and smart contracts, by maintaining a tamper-proof and transparent record of transactions.

Middle East and Africa Blockchain Market

Growth Drivers

Government Initiatives and Regulatory Support

Saudi Arabia's Vision 2030 drives significant government initiatives and regulatory support for blockchain technology. The Saudi Arabian Monetary Authority (SAMA) and the Saudi Central Bank have launched several blockchain projects, including "Project Aber" with the UAE. The establishment of the Saudi Digital Academy and the Central Bank's Sandbox further illustrate this commitment. Additionally, blockchain is being explored for managing the Hajj and Umrah pilgrimages, ensuring efficient and transparent operations. In Dubai, the government aims to make the city the world's happiest through blockchain adoption. Initiatives like the blockchain-based DubaiID system, participation in GITEX 2023, and the launch of a crypto regulatory arm underscore strong governmental support for blockchain technology.

Rapid Adoption of Blockchain Technology in Financial Services

The Middle East and Africa (MEA) region is witnessing rapid adoption of blockchain in financial services, significantly boosting the growth of Middle East and Africa Blockchain Market. Dubai's implementation of a crypto-friendly regulatory framework in 2022 has transformed the emirate into a major digital asset hub, attracting key market players. The Abu Dhabi Global Market (ADGM) introduced comprehensive guidelines for cryptocurrencies and extended its framework to include NFTs. Saudi Arabia's blockchain-based initiatives, such as the Saudi Arabian Monetary Authority’s (SAMA) blockchain transfers, further highlight this trend. Additionally, Islamic Coin, compliant with Shariah law, aims to integrate the global Muslim community into the financial system, promoting ethical investments. These initiatives underscore the region's commitment to leveraging blockchain in financial services, driving significant growth in the Middle East and Africa Blockchain Market.

Challenges

Complexity and Lack of Understanding

Blockchain implementation in the Arab region faces significant challenges due to its complexity and lack of understanding. Unclear regulations and the digital divide hinder adoption, with only 55% of individuals having internet access as of 2019. Different blockchain technologies create a fragmented landscape, complicating interoperability with legacy systems. Public misconceptions and limited awareness about blockchain further impede its adoption. Additionally, a shortage of technical expertise, especially in rural areas, and the need for gender equity in the blockchain workforce add to the complexity of implementing blockchain solutions effectively.

High Energy Consumption

Energy consumption poses a major challenge for the widespread adoption of blockchain across the region, particularly in Africa. Consequently, it could affect the growth of Middle East and Africa Blockchain Market. While blockchain technology offers secure and decentralized solutions, its high energy requirements can negatively affect public perception. Even though energy-efficient blockchains like Energy Web and Ethereum are used for energy applications, the overall energy demands remain a concern. Additionally, existing energy vulnerabilities in the region limit access to reliable modern energy services, hindering blockchain adoption for efficient energy delivery. Balancing blockchain's benefits with its energy consumption is crucial, emphasizing the need for robust cybersecurity measures and international standards.

Impact of Escalating Geopolitical Tensions on Middle East and Africa Blockchain Market

Escalating geopolitical tensions among countries across regions could have a significant impact on the growth of Middle East and Africa Blockchain Market. Heightened instability and conflict can disrupt blockchain projects and deter foreign investment, leading to slower market growth. Regulatory uncertainties and political instability further complicate the deployment of blockchain solutions, as governments may prioritize immediate security concerns over technological innovation. Additionally, geopolitical tensions can strain international collaborations and partnerships essential for blockchain development. Despite these challenges, the resilience of blockchain technology and its potential for secure, transparent solutions remain promising for future growth in the region.

Middle East and Africa Blockchain Market

Segmental Coverage

Middle East and Africa Blockchain Market – By Component

By component, Middle East and Africa Blockchain Market is bifurcated into Platforms and Services segments. The services segment holds a higher share in Middle East and Africa Blockchain Market by component. The trend highlights the increasing demand for blockchain services, which include decentralized applications, smart contracts, and blockchain-as-a-service (BaaS). These services are crucial for improving efficiency, transparency, and security across various sectors such as finance, healthcare, and logistics. For example, initiatives like the UAE’s blockchain-based vehicle management system and Polygon’s healthcare claims platform illustrate the expanding role of blockchain services. As blockchain technology evolves, the services segment is expected to continue leading the market due to its practical applications and growing adoption.

Middle East and Africa Blockchain Market Size

Middle East and Africa Blockchain Market – By Provider

Based on provider, Middle East and Africa Blockchain Market is divided into Application Provider, Middleware Provider, and Infrastructure Provider segments. 

Middle East and Africa Blockchain Market – By Type

Based on type, Middle East and Africa Blockchain Market is divided into Public, Private, and Hybrid segments. The private segment holds the highest share in Middle East and Africa Blockchain Market by type, driving significant advancements across various sectors. Private companies are leading the adoption of blockchain technology, enhancing transparency, security, and efficiency in areas such as supply chain management and digital identity. For instance, private sector initiatives in Dubai and Thailand showcase how businesses are leveraging blockchain to streamline operations and foster innovation. This leadership is crucial in addressing challenges faced by developing nations, including fraud and limited banking access. As the private segment continues to innovate, blockchain's transformative potential in the region is set to expand, paving the way for future growth.

Middle East and Africa Blockchain Market Share

Middle East and Africa Blockchain Market – By Organization Size

On the basis of organization size, Middle East and Africa Blockchain Market is split into Small and Medium-sized Enterprises (SMEs) and Large Enterprises segments.

Middle East and Africa Blockchain Market – By Application

Based on application, Middle East and Africa Blockchain Market is divided into Transportation & Logistics, Agriculture & Food, Banking & Financial Institutions, Manufacturing, Energy & Utilities, Government, and Others (Healthcare & Life Sciences, IT & Telecom, Retail & E-commerce) segments. The banking & financial institutions segment holds the highest share in Middle East and Africa Blockchain Market by application. The segment’s dominance is highlighted by a growing embrace of digital assets, including cryptocurrencies, tokenized assets, and Central Bank Digital Currencies (CBDCs). Financial institutions in MEA are increasingly integrating blockchain technology to enhance efficiency, reduce transaction risks, and innovate their services. According to recent reports, financial institutions in the region are at the forefront of adopting blockchain applications, driven by the potential for significant improvements in transaction transparency and security. The banking & financial institutions segment’s leading position underscores its pivotal role in advancing blockchain technology across the Middle East and Africa region. Meanwhile, the IT & Telecom segment is expected to record the fastest growth rate during the forecast period. Blockchain technology has the potential to significantly impact the IT & Telecom sector by enhancing efficiency and innovation. For telecom operators, blockchain offers opportunities to streamline operations, reduce costs, and introduce new business models. It can optimize customer identity management, simplify number portability, and facilitate roaming services. Additionally, telecom operators can leverage their infrastructure to offer Blockchain-as-a-Service (BaaS) and industry-specific applications. With its secure, decentralized nature, blockchain reduces transaction costs and enhances transparency.

Middle East and Africa Blockchain Market – By Country

The in-depth research report on the Middle East and Africa Blockchain Market covers the market in the region’s major countries including Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and Rest of MEA. The UAE holds the highest share in Middle East and Africa Blockchain Market and is expected to maintain its dominance during the forecast period. Recent data highlights the UAE’s prominent role in global remittance, reflecting its expanding influence in blockchain technology. Strategic government initiatives, such as the Emirates Blockchain Strategy 2021 and Dubai’s blockchain and metaverse strategies, underscore the UAE’s commitment to advancing blockchain adoption. Dubai has cemented its position as a leader in the blockchain sector, pioneering key initiatives like the Dubai Blockchain Policy and the Dubai Future Council for Blockchain. These efforts are integral to the city's strategy to integrate blockchain technology across government transactions, further reinforcing its status as a global blockchain hub. Supported by a progressive regulatory environment and substantial investments from major global firms, the UAE is well-positioned to maintain its dominance in the blockchain market throughout the forecast period.

Competitive Landscape

Major players operating in Middle East and Africa Blockchain Market include Khazna Data Centers, MDXi, Rack Centre, MedOne, Etisalat, Mobily, Injazat, and Electronia. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In February 2024 - Deus X Capital and Bridgetower Capital announced their plans to launch a USD 250-million digital asset infrastructure platform in the Middle East, marking a significant development in the blockchain market. The new entity, Bridgetower Middle East, will be based in Abu Dhabi and aims to support institutional investors with services like crypto staking and AI computing. This venture reflects the UAE’s growing status as a digital asset hub, attracting substantial investments and international players.

  • In 2024 - Abu Dhabi Global Market (ADGM) partnered with the Solana Foundation to enhance distributed ledger technology (DLT) projects, marking a significant development in the Middle East and Africa Blockchain Market. The memorandum of understanding (MoU) aims to leverage ADGM’s pioneering DLT Foundations Regulations to explore new opportunities in blockchain technology. ADGM, an international financial center, has been expanding rapidly, supporting various blockchain and crypto initiatives, including recent collaborations with major firms like Binance and Paxos.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2030

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

USD Billion

Market Coverage

Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and Rest of MEA

Product/ Service Segmentation

Component, Provider, Type, Organization Size, Application, Region

Key Players

Khazna Data Centers, MDXi, Rack Centre, MedOne, Etisalat, Mobily, Injazat, Electronia

 

By Component

  • Platforms

  • Services

By Provider

  • Application Provider

  • Middleware Provider

  • Infrastructure Provider

By Type

  • Public

  • Private

  • Hybrid

By Organization Size

  • SMEs

  • Large Enterprises

By Application

  • Transportation & Logistics

  • Agriculture & Food

  • Banking & Financial Institutions

  • Manufacturing

  • Energy & Utilities

  • Government

  • Others

By Country

  • Saudi Arabia

  • UAE

  • Qatar

  • Kuwait

  • South Africa

  • Nigeria

  • Algeria

  • Rest of MEA

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Middle East and Africa Blockchain Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Increasing Demand for Secure Transactions
        2. Adoption in Financial Services
        3. Government Initiatives and Regulatory Support
      2. Restraints
        1. Complexity and Lack of Understanding
        2. Energy Consumption
      3. Opportunities
        1. Growing Popularity of Cryptocurrencies
        2. Expanding Use Cases Across Industries
      4. Challenges
        1. Security Concerns
        2. Regulatory Uncertainty
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Middle East and Africa Blockchain Market: Marketing Strategies
  5. Middle East and Africa Blockchain Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Component
        1. Platforms
        2. Services
      2. By Provider
        1. Application Provider
        2. Middleware Provider
        3. Infrastructure Provider
      3. By Type
        1. Public
        2. Private
        3. Hybrid
      4. By Organization Size
        1. SMEs
        2. Large Enterprises
      5. By Application
        1. Transportation & Logistics
        2. Agriculture & Food
        3. Banking & Financial Institutions
        4. Manufacturing
        5. Energy & Utilities
        6. Government
        7. Others (Healthcare & Life Sciences, IT & Telecom, Retail & E-commerce)
      6. By Country
        1. Saudi Arabia
        2. UAE
        3. Qatar
        4. Kuwait
        5. South Africa
        6. Nigeria
        7. Algeria
        8. Rest of MEA
  6. Saudi Arabia Blockchain Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Component
      2. By Provider
      3. By Type
      4. By Organization Size
      5. By Application
  7. UAE Blockchain Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Component
      2. By Provider
      3. By Type
      4. By Organization Size
      5. By Application
  8. Qatar Blockchain Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Component
      2. By Provider
      3. By Type
      4. By Organization Size
      5. By Application
  9. Kuwait Blockchain Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Component
      2. By Provider
      3. By Type
      4. By Organization Size
      5. By Application
  10. South Africa Blockchain Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Component
      2. By Provider
      3. By Type
      4. By Organization Size
      5. By Application
  11. Nigeria Blockchain Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Component
      2. By Provider
      3. By Type
      4. By Organization Size
      5. By Application
  12. Algeria Blockchain Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Component
      2. By Provider
      3. By Type
      4. By Organization Size
      5. By Application
  13. Rest of MEA Blockchain Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Component
      2. By Provider
      3. By Type
      4. By Organization Size
      5. By Application
  14. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Middle East and Africa Blockchain Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  15. Impact of Escalating Geopolitical Tensions on Middle East and Africa Blockchain Market
  16. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Khazna Data Centers
    2. MDXi
    3. Rack Centre
    4. MedOne
    5. Etisalat
    6. Mobily
    7. Injazat
    8. Electronia
    9. Other Prominent Players
  17. Key Strategic Recommendations
  18. Research Methodology
    1.    Qualitative Research
      1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Region
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

List of Figures

 

Figure 1       Middle East and Africa Blockchain Segmentation              

Figure 2       Middle East and Africa Blockchain Market Value Chain Analysis            

Figure 3       Company Market Share Analysis, 2023         

Figure 4       Middle East and Africa Blockchain Market Size, By Value (USD Billion), 2019–2030

Figure 5       Middle East and Africa Blockchain Market Share, By Component, By Value, 2019–2030

Figure 6       Middle East and Africa Blockchain Market Share, By Provider, By Value, 2019–2030

Figure 7       Middle East and Africa Blockchain Market Share, By Type, By Value, 2019–2030

Figure 8       Middle East and Africa Blockchain Market Share, By Organization Size, By Value, 2019–2030

Figure 9       Middle East and Africa Blockchain Market Share, By Application, By Value, 2019–2030

Figure 10     Middle East and Africa Blockchain Market Share, By Country, By Value, 2019–2030

Figure 11     Saudi Arabia Blockchain Market Size, By Value (USD Billion), 2019–2030

Figure 12     Saudi Arabia Blockchain Market Share, By Component, By Value, 2019–2030

Figure 13     Saudi Arabia Blockchain Market Share, By Provider, By Value, 2019–2030

Figure 14     Saudi Arabia Blockchain Market Share, By Type, By Value, 2019–2030

Figure 15     Saudi Arabia Blockchain Market Share, By Organization Size, By Value, 2019–2030

Figure 16     Saudi Arabia Blockchain Market Share, By Application, By Value, 2019–2030

Figure 17     UAE Blockchain Market Size, By Value (USD Billion), 2019–2030

Figure 18     UAE Blockchain Market Share, By Component, By Value, 2019–2030

Figure 19     UAE Blockchain Market Share, By Provider, By Value, 2019–2030

Figure 20     UAE Blockchain Market Share, By Type, By Value, 2019–2030

Figure 21     UAE Blockchain Market Share, By Organization Size, By Value, 2019–2030

Figure 22     UAE Blockchain Market Share, By Application, By Value, 2019–2030

Figure 23     Qatar Blockchain Market Size, By Value (USD Billion), 2019–2030

Figure 24     Qatar Blockchain Market Share, By Component, By Value, 2019–2030

Figure 25     Qatar Blockchain Market Share, By Provider, By Value, 2019–2030

Figure 26     Qatar Blockchain Market Share, By Type, By Value, 2019–2030

Figure 27     Qatar Blockchain Market Share, By Organization Size, By Value, 2019–2030

Figure 28     Qatar Blockchain Market Share, By Application, By Value, 2019–2030

Figure 29     Kuwait Blockchain Market Size, By Value (USD Billion), 2019–2030

Figure 30     Kuwait Blockchain Market Share, By Component, By Value, 2019–2030

Figure 31     Kuwait Blockchain Market Share, By Provider, By Value, 2019–2030

Figure 32     Kuwait Blockchain Market Share, By Type, By Value, 2019–2030

Figure 33     Kuwait Blockchain Market Share, By Organization Size, By Value, 2019–2030

Figure 34     Kuwait Blockchain Market Share, By Application, By Value, 2019–2030

Figure 35     South Africa Blockchain Market Size, By Value (USD Billion), 2019–2030

Figure 36     South Africa Blockchain Market Share, By Component, By Value, 2019–2030

Figure 37     South Africa Blockchain Market Share, By Provider, By Value, 2019–2030

Figure 38     South Africa Blockchain Market Share, By Type, By Value, 2019–2030

Figure 39     South Africa Blockchain Market Share, By Organization Size, By Value, 2019–2030

Figure 40     South Africa Blockchain Market Share, By Application, By Value, 2019–2030

Figure 41     Nigeria Blockchain Market Size, By Value (USD Billion), 2019–2030

Figure 42     Nigeria Blockchain Market Share, By Component, By Value, 2019–2030

Figure 43     Nigeria Blockchain Market Share, By Provider, By Value, 2019–2030

Figure 44     Nigeria Blockchain Market Share, By Type, By Value, 2019–2030

Figure 45     Nigeria Blockchain Market Share, By Organization Size, By Value, 2019–2030

Figure 46     Nigeria Blockchain Market Share, By Application, By Value, 2019–2030

Figure 47     Algeria Blockchain Market Size, By Value (USD Billion), 2019–2030

Figure 48     Algeria Blockchain Market Share, By Component, By Value, 2019–2030

Figure 49     Algeria Blockchain Market Share, By Provider, By Value, 2019–2030

Figure 50     Algeria Blockchain Market Share, By Type, By Value, 2019–2030

Figure 51     Algeria Blockchain Market Share, By Organization Size, By Value, 2019–2030

Figure 52     Algeria Blockchain Market Share, By Application, By Value, 2019–2030

Figure 53     Rest of MEA Blockchain Market Size, By Value (USD Billion), 2019–2030

Figure 54     Rest of MEA Blockchain Market Share, By Component, By Value, 2019–2030

Figure 55     Rest of MEA Blockchain Market Share, By Provider, By Value, 2019–2030

Figure 56     Rest of MEA Blockchain Market Share, By Type, By Value, 2019–2030

Figure 57     Rest of MEA Blockchain Market Share, By Organization Size, By Value, 2019–2030

Figure 58     Rest of MEA Blockchain Market Share, By Application, By Value, 2019–2030

 

 

List of Tables

 

Table 1        Middle East and Africa Blockchain Market Size, By Value (USD Billion), 2019–2030

Table 2        Middle East and Africa Blockchain Market Size, By Component, By Value, 2019–2030

Table 3        Middle East and Africa Blockchain Market Size, By Provider, By Value, 2019–2030

Table 4        Middle East and Africa Blockchain Market Size, By Type, By Value, 2019–2030

Table 5        Middle East and Africa Blockchain Market Size, By Organization Size, By Value, 2019–2030

Table 6        Middle East and Africa Blockchain Market Size, By Application, By Value, 2019–2030

Table 7        Middle East and Africa Blockchain Market Size, By Country, By Value, 2019–2030

Table 8        Saudi Arabia Blockchain Market Size, By Value (USD Billion), 2019–2030

Table 9        Saudi Arabia Blockchain Market Size, By Component, By Value, 2019–2030

Table 10      Saudi Arabia Blockchain Market Size, By Provider, By Value, 2019–2030

Table 11      Saudi Arabia Blockchain Market Size, By Type, By Value, 2019–2030

Table 12      Saudi Arabia Blockchain Market Size, By Organization Size, By Value, 2019–2030

Table 13      Saudi Arabia Blockchain Market Size, By Application, By Value, 2019–2030

Table 14      UAE Blockchain Market Size, By Value (USD Billion), 2019–2030

Table 15      UAE Blockchain Market Size, By Component, By Value, 2019–2030

Table 16      UAE Blockchain Market Size, By Provider, By Value, 2019–2030

Table 17      UAE Blockchain Market Size, By Type, By Value, 2019–2030

Table 18      UAE Blockchain Market Size, By Organization Size, By Value, 2019–2030

Table 19      UAE Blockchain Market Size, By Application, By Value, 2019–2030

Table 20      Qatar Blockchain Market Size, By Value (USD Billion), 2019–2030

Table 21      Qatar Blockchain Market Size, By Component, By Value, 2019–2030

Table 22      Qatar Blockchain Market Size, By Provider, By Value, 2019–2030

Table 23      Qatar Blockchain Market Size, By Type, By Value, 2019–2030

Table 24      Qatar Blockchain Market Size, By Organization Size, By Value, 2019–2030

Table 25      Qatar Blockchain Market Size, By Application, By Value, 2019–2030

Table 26      Kuwait Blockchain Market Size, By Value (USD Billion), 2019–2030

Table 27      Kuwait Blockchain Market Size, By Component, By Value, 2019–2030

Table 28      Kuwait Blockchain Market Size, By Provider, By Value, 2019–2030

Table 29      Kuwait Blockchain Market Size, By Type, By Value, 2019–2030

Table 30      Kuwait Blockchain Market Size, By Organization Size, By Value, 2019–2030

Table 31      Kuwait Blockchain Market Size, By Application, By Value, 2019–2030

Table 32      South Africa Blockchain Market Size, By Value (USD Billion), 2019–2030

Table 33      South Africa Blockchain Market Size, By Component, By Value, 2019–2030

Table 34      South Africa Blockchain Market Size, By Provider, By Value, 2019–2030

Table 35      South Africa Blockchain Market Size, By Type, By Value, 2019–2030

Table 36      South Africa Blockchain Market Size, By Organization Size, By Value, 2019–2030

Table 37      South Africa Blockchain Market Size, By Application, By Value, 2019–2030

Table 38      Nigeria Blockchain Market Size, By Value (USD Billion), 2019–2030

Table 39      Nigeria Blockchain Market Size, By Component, By Value, 2019–2030

Table 40      Nigeria Blockchain Market Size, By Provider, By Value, 2019–2030

Table 41      Nigeria Blockchain Market Size, By Type, By Value, 2019–2030

Table 42      Nigeria Blockchain Market Size, By Organization Size, By Value, 2019–2030

Table 43      Nigeria Blockchain Market Size, By Application, By Value, 2019–2030

Table 44      Algeria Blockchain Market Size, By Value (USD Billion), 2019–2030

Table 45      Algeria Blockchain Market Size, By Component, By Value, 2019–2030

Table 46      Algeria Blockchain Market Size, By Provider, By Value, 2019–2030

Table 47      Algeria Blockchain Market Size, By Type, By Value, 2019–2030

Table 48      Algeria Blockchain Market Size, By Organization Size, By Value, 2019–2030

Table 49      Algeria Blockchain Market Size, By Application, By Value, 2019–2030

Table 50      Rest of MEA Blockchain Market Size, By Value (USD Billion), 2019–2030

Table 51      Rest of MEA Blockchain Market Size, By Component, By Value, 2019–2030

Table 52      Rest of MEA Blockchain Market Size, By Provider, By Value, 2019–2030

Table 53      Rest of MEA Blockchain Market Size, By Type, By Value, 2019–2030

Table 54      Rest of MEA Blockchain Market Size, By Organization Size, By Value, 2019–2030

Table 55      Rest of MEA Blockchain Market Size, By Application, By Value, 2019–2030

Table 56      Khazna Data Centers Company Overview

Table 57      Khazna Data Centers Financial Overview

Table 58      MDXi Company Overview

Table 59      MDXi Financial Overview

Table 60      Rack Centre Company Overview

Table 61      Rack Centre Financial Overview

Table 62      MedOne Company Overview

Table 63      MedOne Financial Overview

Table 64      Etisalat Company Overview

Table 65      Etisalat Financial Overview

Table 66      Mobily Company Overview

Table 67      Mobily Financial Overview

Table 68      Injazat Company Overview

Table 69      Injazat Financial Overview

Table 70      Electronia Company Overview

Table 71      Electronia Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Middle East and Africa Blockchain Market size by value was estimated at USD 1.2 billion.
Ans: Middle East and Africa Blockchain Market is expected to grow at CAGR of 67.2% during the forecast period between 2024 and 2030.
Ans: By 2030, Middle East and Africa Blockchain Market size is forecast to reach a value of USD 41.65 billion.
Ans: The growth of Middle East and Africa Blockchain Market is primarily driven by an increasing demand for secure transactions, rising adoption in financial services, growing government initiatives and regulatory support.
Ans: The IT & Telecom segment is expected to grow at the fastest CAGR in Middle East and Africa Blockchain Market during the forecast period between 2024 and 2030.
Ans: Key players in Middle East and Africa Blockchain Market include Khazna Data Centers, MDXi, Rack Centre, MedOne, Etisalat, Mobily, Injazat, and Electronia.