UAE Blockchain Market Size, Share, Trends, Demand, Growth and Competitive Analysis 2030

The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of UAE Blockchain Industry (2025-2030):

According to the latest report, the UAE Blockchain Market size is projected to grow at a CAGR of around 42% during the forecast period, i.e., 2025-30. The report demonstrates the prominent factors propelling the exponential growth of the UAE Blockchain Market.

Key Takeaways: Beneficial for Stakeholders and Clients

·        Historic Period: 2020-2023

·        Base year: 2024

·        Forecast Years: 2025-2030

·        CAGR (2025-30): 42%

What key trends are shaping the future of the UAE Blockchain Market industry?

Integration of AI with Blockchain for Cybersecurity Solutions – In the UAE, companies are investing heavily to protect their data and information as cybercrimes and frauds are their biggest concerns. Because of increasing digitalization in the UAE market, cybersecurity is on top priority. AI and Blockchain are enhancing data integrity, protecting critical infrastructure, and fostering ethical AI usage. The integration of AI with blockchain is enhancing public services and also nurturing innovation in the private sector. The UAE has already introduced various AI-driven projects with blockchain technology like self-driving vehicles and smart health systems. This integration will also help secure transactions and user identities by using cryptographic techniques to strengthen data protection. Consequently, the market is shifting towards prioritizing cybersecurity by adopting blockchain and AI technology in every sector. This trend is further boosting the revenue growth of the UAE Blockchain Industry. For instance,

• In September 2024, policies to create an A.I.-friendly ecosystem are proposed by the UAE Council for AI and Blockchain. The UAE is investing in AI and blockchain technologies mainly to focus on cybersecurity and positioning the country as a global leader in digital innovation.

• In May 2024, the Ministry of State for Artificial Intelligence (AI), Digital Economy, and Remote Work Applications, emphasized the necessity of enhancing advanced digital infrastructure. And also escalating efforts and bolstering projects at the national level to secure the UAE's global leadership in AI.

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UAE Blockchain Market Segmentation

The UAE Blockchain Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

·        By Type

o   Public Blockchains- Market Size & Forecast 2020-2030, USD Million

o   Private Blockchains- Market Size & Forecast 2020-2030, USD Million

o   Consortium Blockchains- Market Size & Forecast 2020-2030, USD Million

·        By Component

o   Platform- Market Size & Forecast 2020-2030, USD Million

o   Services- Market Size & Forecast 2020-2030, USD Million

·        By Deployment

o   On-Premises- Market Size & Forecast 2020-2030, USD Million

o   Cloud-Based- Market Size & Forecast 2020-2030, USD Million

o   Hybrid- Market Size & Forecast 2020-2030, USD Million

·        By Enterprise Size

o   Large Enterprises- Market Size & Forecast 2020-2030, USD Million

o   SMEs- Market Size & Forecast 2020-2030, USD Million

·        By Application

o   Smart Contracts- Market Size & Forecast 2020-2030, USD Million

o   Cryptocurrencies- Market Size & Forecast 2020-2030, USD Million

o   Decentralized Applications- Market Size & Forecast 2020-2030, USD Million

o   Identity Management- Market Size & Forecast 2020-2030, USD Million

o   Internet of Things (IoT) - Market Size & Forecast 2020-2030, USD Million

o   Others- Market Size & Forecast 2020-2030, USD Million

·        By End User

o   BFSI- Market Size & Forecast 2020-2030, USD Million

o   Energy & Utilities- Market Size & Forecast 2020-2030, USD Million

o   Government- Market Size & Forecast 2020-2030, USD Million

o   Real Estate- Market Size & Forecast 2020-2030, USD Million

o   Healthcare and Life Sciences- Market Size & Forecast 2020-2030, USD Million

o   Manufacturing- Market Size & Forecast 2020-2030, USD Million

o   IT & Telecom- Market Size & Forecast 2020-2030, USD Million

o   Media & Entertainment- Market Size & Forecast 2020-2030, USD Million

o   Retail & Consumer Goods- Market Size & Forecast 2020-2030, USD Million

o   Travel and Transportation- Market Size & Forecast 2020-2030, USD Million

o   Others (Education, etc.) - Market Size & Forecast 2020-2030, USD Million

·        By Region

o   Dubai

o   Abu Dhabi

o   Sharjah

o   Northern Emirates

As per the regional aspect, the UAE Blockchain Market is expected to be dominated by UAE by capturing the potential market share. 

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Top Companies in the UAE Blockchain  

OpenXcell, SoluLab, Cubix, Sfxdx, Quest GLT, Quytech, Digitalroar Softlabs, Apptunix, Web3soft, MixBytes, Aspired, and others

The UAE Blockchain Industry Recent Development:

In August 2024: Ripple, the blockchain and crypto solution provider, partnered with the Dubai International Financial Centre’s (DIFC) Innovation Hub, to accelerate blockchain and digital assets innovation in the UAE.

In August 2024: Gate Ventures, the investment arm of cryptocurrency exchange Gate.io, partnered with the Blockchain Center in Abu Dhabi to launch a $100 million fund to drive Web3 innovation in the coming years.

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