In recent years, blockchain technology has emerged as one of the powerful technologies transforming various industries worldwide. Many industries collaborate with top blockchain service providers to integrate blockchain technology into their businesses to improve their operation executions, high performance, and secure transactions.
The market report shows that blockchain is expected to reach $163 billion by 2025 and is continuously growing at a rate of CAGR of 47.3% from 2023 to 2025. Industries such as healthcare, finance, real estate, government sectors, gaming sectors, and many more industries were using this technology.
This article will give you an overview of top blockchain consulting companies in 2025 along with challenges and real-life examples.
Top Blockchain Companies in the World
There are many blockchain service providers in the world; only a few companies have years of experience and expertise in blockchain technology and its application. Few top blockchain service provider companies names were mentioned below. This will give you information about them
Abhiwan Technology
It is one of the best blockchain development service providers in the UAE. This company has years of experience in blockchain technology and specialized teams that specialize in integrating blockchain technology with other industries or businesses. Its portfolio is proof that it has delivered high-quality results to global clients.
IBM
It is a well-known company in the IT industry. This company has expertise in providing services such as blockchain integration for supply chain industries. This company has played an important role in transforming the blockchain market and has provided customized business solutions to various clients.
Juego Studio
It is one of the top game development companies in the UAE, this company has years of experience in game development and they are transforming the game industries by integrating the latest technologies such as blockchain, metaverse, virtual reality, and more. Due to such features, this company has expertise in blockchain game development and has provided customized games to various clients.
Wipro
It is one of the top IT companies in India. This company specializes in providing blockchain integration services to industries such as insurance, finance, and supply chain. This company has collaborated with many top companies in the world to reach a global audience and to be a part of transforming the technological sector.
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Market Value of Blockchain Technology
Many top companies are playing an important role in transforming blockchain technology through innovation due to which there is a rise in demand for blockchain technology all over the world. Some points are discussed below showing the market value of blockchain technology.
- The blockchain market is expected to reach $163 billion by 2025, and it is continuously growing at a CAGR of 47.3% from 2023 to 2025. The main reason behind this is continuous innovation in blockchain development due to which it is in high demand all over the world.
- Investment in blockchain technology has reached $40 billion in 2024. The main reason behind this is startups and small-scale companies are investing in this to reach global clients by providing customized solutions
- Industries like banking and finance are the major users of blockchain technology. Market reports show that 40% of clients are from the banking and finance sectors as these sectors ensure high security over the transactions and secure data management.
- In the gaming industry, the market value of blockchain game development is $14.8 billion in 2024. All this is possible due to the increase in demand for play-to-earn games.
Challenges in Blockchain Technology
Various challenges come while integrating blockchain technology in any sector. These challenges can be overcome by following an innovative result oriented approach. Some of the major challenges are mentioned below.
Performance: Blockchain faces the issue of low performance while handling multiple transactions at the same time due to which there is a decrease in performance quality, system slow down, and high fees while doing transactions.
Cost: Most of the small-scale and start-up companies have limited budgets which they are facing while integrating the blockchain services into their business. Integrating blockchain technology needs high-quality software, hardware, and skilled persons who have expertise in blockchain.
Limited Skilled Person: Most people around the world have limited knowledge regarding blockchain technology and its application. Due to this most of the blockchain service provider companies face the issue of limited skilled resources.
Blockchain Technology Uses in Real-Life
Integration of blockchain consulting in various industries led to the growth of various sectors in many ways such as fast operation execution time, minimized money wastage while executing the operation, improved transactions, security over data, and many more benefits. Some points are mentioned below discussing the role of blockchain in real life.
- In medical sectors, they have adopted blockchain technology to ensure the records of patients are maintained securely and can be easily accessed by patients, and doctors globally.
- The finance and Banking sectors were using the Onyx Platform for international payments in real-time.
- In the real estate sector, most real estate companies have adopted blockchain technology to ensure security over the transactions as well and clients can buy, sell, or trade virtual properties.
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Conclusion
Many industries from all over the world have taken their business to new scales by integrating blockchain consulting services provided by top blockchain companies. Market reports show that blockchain is expected to reach $163 billion by 2025 all this is possible due to the increase in demand for blockchain and continuous innovation of blockchain technology.
Integrating blockchain services in various industries also brings some challenges which can be overcome by adopting innovative solutions that help minimize the cost, saving operation execution time, and smooth process flow.
