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Blockchain in Oil and Gas Market Share

Report ID: GMI12508
Published Date: Dec 2024
Report Format: PDF

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Blockchain in Oil & Gas Market Share

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Eminent market players are collaborating with technology providers, industry peers, and public institutions to leverage expertise and accelerate implementation. Key players are focusing on tailored blockchain applications, such as supply chain management, trading platforms, and emissions tracking. By addressing specific pain points in the oil and gas industry, these players create value-driven solutions that gain faster acceptance. Furthermore, leading firms are establishing innovation hubs or funding startups to develop blockchain applications specific to their operations.

Blockchain in Oil & Gas Market Companies

Eminent players operating in the blockchain in oil & gas industry are:

Accenture
ConsenSys
Hindustan Petroleum
IBM
Infosys Limited
Kaleido
Neoflow
SAP
VAKT Global
VeChain
Zupple Labs

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The global market size for blockchain in the oil & gas was valued at USD 984.4 million in 2024 and is expected to reach USD 29.16 billion by 2034, driven by a CAGR of 41.9% from 2025 to 2034.

The supply chain segment is projected to grow by more than USD 15.5 billion by 2034, driven by the rising demand for real-time data sharing and monitoring among stakeholders.

The U.S. market is anticipated to grow to over USD 3.8 billion by 2034, driven by increasing scrutiny from regulators, investors, and the public.

Major players in the industry include Accenture, ConsenSys, Hindustan Petroleum, IBM, Infosys Limited, Kaleido, Neoflow, SAP, VAKT Global, VeChain, and Zupple Labs.