The global decentralized applications (DAPP) market is anticipated to grow at a significant CAGR of 6.8% during the forecast period. The decentralized applications (DAPP) market relates to blockchain and decentralized applications such as gaming, finance, web browsing and other, that are built on blockchain technology. Additionally, blockchain technology supports networks like cryptocurrency and Ethereum. All DAPPS are built using blockchain technology. The major advantage of decentralised application is that it is easily accessible. The market is majorly driven due to the various advantages offered through integration of DAPPs in the network. The advantages include elimination from the interference and control of a single authority, improved security of user privacy, lack of censorship, and enhanced development flexibility.
Since the COVID-19 pandemic and lockdown, there is a huge growth in online gaming industry. Live streaming and online gaming tournaments have been increased and for all these activities several key gaming companies adopted blockchain technology. Through the decentralized platforms, the gaming companies can sell their apps and games directly to their consumers in much faster, safe, and secure way. For instance, in December 2018, Platinum Eggs had entered a partnership with Bitmatrix for adopting the blockchain technology into its system. Bitmatrix is a developer of DAPP games and bitpet. Additionally, fuel games have also developed blockchain platform for quick integration of blockchain technology in its existing games.
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Decentralized Applications (DAPP) Market Segmentation
By Blockchain
- EOS
- TRON
- Ethereum
- IOST
- Steem
- Neo
- Others
By Application
- Game Application
- Financial Application
- Lottery Application
- Social Application
- Transaction Application
- Others
By End-User
- E-commerce& Logistics
- Healthcare& Pharmaceuticals
- Automotive
- Others
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Arctourch Inc.
- Blockchain Intelligence Group Inc.
- Consensys
- Fueled Technologies Pvt. Ltd.
- Hyperlink Infosystem
- Ionixx Technologies Pvt. Ltd.
- LimechainLCC
- Ontology
- Oodles Technologies
- Openledger
- Perfectial Group
- S A Eonsofttech Pvt. Ltd.
- Sara Technologies Inc.
- Solulab Inc.
- The Linux Foundation
- Thunder Token Ltd.
- 10clouds
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