The Blockchain Security Market is projected to grow significantly, driven by cybersecurity threats and DeFi expansion

From GlobeNewswire: 2024-12-20 08:00:00

The Blockchain Security Market is projected to grow from USD 3.0 billion in 2024 to USD 37.4 billion in 2029, with a 65.5% CAGR. Factors like cyberattacks, data integrity, and DeFi expansion drive this growth. Rising demand for third-party security audits and smart contract security solutions further boost the market.

With 417 tables, 54 figures, and 353 pages, the Blockchain Security Market offers insights into the rising cybersecurity threats, DeFi expansion, and challenges like high implementation costs and scalability. Companies like IBM, Amazon Web Services, and Oracle are key players in this sector, offering crucial security solutions.

The market sees a trend towards advanced cryptographic techniques like Post-Quantum Cryptography and Homomorphic Encryption to combat quantum computing vulnerabilities and enhance data privacy. AI and ML integration provide proactive security measures against evolving threats, leading to increased adoption in the Blockchain Security Market.

Development and integration services witness the highest CAGR in the Blockchain Security Market, driven by demand for tailored blockchain solutions. The smart contract security solution segment holds the largest market size due to the growing adoption of smart contracts across industries, necessitating robust security measures against vulnerabilities and cyber-attacks.

The growing adoption of smart contracts presents a significant opportunity for blockchain security, requiring specialized security services like code audits and vulnerability assessments. As smart contracts eliminate intermediaries and enhance transparency, the demand for strong security measures to protect these contracts drives growth in the Blockchain Security Market.



Read more at GlobeNewswire: The Rise of Blockchain Security Market: A $37.4 billion