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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Latin America Blockchain Technology Market Analysis by Region
Argentina and Brazil are leading the adoption of blockchain technology in Latin America due to economic instability, a large unbanked population, high crypto adoption, government support through regulatory frameworks and tech-savvy populations. These factors drive innovation and growth in the region's blockchain market.
According to ITA, by 2022, 86% of public services have been digitised, aiming for 95% by 2025 and complete digitisation by 2035.
Latin America Blockchain Technology Market Report Snapshots
Latin America Blockchain Technology Market Size
Latin America Blockchain Technology Market Growth
Latin America Blockchain Technology Market Trends
Latin America Blockchain Technology Market Share
Latin America Blockchain Technology Manufacturers
Latin America Blockchain Technology Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market was valued at USD 0.80 billion in 2023.
The market is projected to grow at a CAGR of 54.30 % between 2024 and 2032.
The revenue generated from the Latin America blockchain technology market is expected to reach USD 39.78 billion in 2032.
The market is categorised according to the type, which includes private, public, and hybrid.
The market key players are Microsoft Corporation, IBM Corporation, Amazon Web Services, Inc., Huawei Technologies Co. Ltd., SAP SE, Bitso, Buda.com SpA, Koibanx Ltd., Tradewind Markets, Inc., and KuCoin, among others.
Based on the application, the market is divided into digital identity, exchanges, payments, smart contracts, supply chain management, and others.
Based on the components, the market is divided into application and solution, infrastructure and protocols, middleware, and others.
Based on the enterprise size, the market is divided into large, small, and medium enterprises.
The market is broken down into Brazil, Argentina, Mexico, Chile, Colombia, and others.
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