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Global Blockchain Interoperability Top Major Players 2025, Forecast To 2034

24 Mar, 2025

What Has Been the Growth of the Blockchain Interoperability Market So Far?

The blockchain interoperability market has seen considerable growth due to a variety of factors.
• The dimension of the blockchain interoperability industry has seen immense growth over the last few years. Its market size is expected to increase from $0.7 billion in 2024 to $0.91 billion in 2025, marking a compound annual growth rate (CAGR) of 29.7%.
This noteworthy expansion during the historical period can be credited to factors such as increasing advancements in decentralized application, the competence of blockchain technology, evolving regulations and standard compliance, a surge in IoT-connected devices, and an increased need for efficient data exchange.

What Are the Future Growth Projections for the Blockchain Interoperability Market?

The blockchain interoperability market is expected to maintain its strong growth trajectory in upcoming years.
• Over the coming years, a significant surge is anticipated in the blockchain interoperability market, projecting a growth to $2.55 billion by 2029, with a compound annual growth rate (CAGR) of 29.3%.
This expected growth during the forecast period can be ascribed to a spiking demand for inter-chain asset transfers, the proliferation of decentralized finance (DeFi), an uptick in cross-border operations, and the escalation in the use of multiple blockchains. The market will also be influenced by certain trends during this forecast period such as the progression of blockchain interoperability technology, capital inflow into blockchain technology, the realization of blockchain-powered innovations, the rising prevalence of blockchain-based payments, and continuous advancements in decentralized applications.

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What Are The Core Factors Supporting Growth In The Blockchain Interoperability Market?

The surge in the need for cross-chain asset transfers is predicted to stimulate the expansion of the blockchain interoperability market. These transfers facilitate the movement of digital assets between different blockchain networks, including cryptocurrencies and tokens. The growth in demand for cross-chain asset transfers is due to wider necessity for accessibility to diverse assets and better liquidity across multiple blockchain networks. Such needs aid in boosting the flexibility and efficiency in decentralized finance (DeFi) and other blockchain-based applications. Blockchain interoperability, which enables smooth movement of digital assets between various blockchain networks, is utilized in cross-chain asset transfers. This ensures a decentralized exchange and elevates the overall usefulness and functionality of the cryptocurrency ecosystem. For example, a report released by Conestoga Collage, a Canada-based Institute of Technology and Advanced Learning, in February 2023, showed that the number of people who are somewhat or very familiar with blockchain technology has surged to 67%, a significant increase from 11% in 2021. As such, the rising demand for cross-chain asset transfers is propelling the expansion of the blockchain interoperability market.

What Are The Major Segments Within The Global Blockchain Interoperability Market?

The blockchain interoperability market covered in this report is segmented –
1) By Solution: Cross-Chain Bridges, Cross-Chain Application Programming Interface (APIs), Federated Or Consortium Blockchain, Other Solutions
2) By Application: Digital Asset Or Non-Fungible Token (NFTs), Decentralized Applications (dApps), Cross-Chain Trading And Exchange, Cross-Chain Messaging And Data Sharing
3) By Vertical: Banking, Financial Services, And Insurance (BFSI), Healthcare, Gaming And Entertainment, Information Technology And IT-Enabled Services (IT And ITES), Telecommunication, Food And Agriculture, Other Verticals Subsegments:
1) By Cross-Chain Bridges: Decentralized Cross-Chain Bridges, Centralized Cross-Chain Bridges, Blockchain-To-Blockchain Bridges
2) By Cross-Chain Application Programming Interface (APIs): RESTful APIs, WebSocket APIs, GraphQL APIs
3) By Federated Or Consortium Blockchain: Private Consortium Blockchain Solutions, Hybrid Federated Blockchain Solutions
4) By Other Solutions: Atomic Swaps, Interoperability Protocols, Multi-Chain Platforms

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Which Emerging Market Trends Are Altering The Blockchain Interoperability Industry?

Major firms in the blockchain interoperability market are paving the way for secure interoperability via the creation of bridgeless technology solutions like HyperNova. This solution initiates cross-chain communication directly through L1 consensus and bypasses the need for centralized bridges, a typical failure point that constitutes a notable risk in Web3. For example, the Switzerland-based firm, Supra, introduced HyperNova employing this bridgeless technology in August 2023. It promotes direct communication across chains via L1 consensus, removing the requirement for centralized bridges. Advantages encompass improved security, scalability, and enhanced functionalities for cross-chain DeFi, gaming, and oracles.

Who Are the Key Players In The Blockchain Interoperability Market?

Major companies operating in the blockchain interoperability market are:
• Microsoft Corporation
• Sony Corporation
• Accenture plc
• Oracle Corporation
• Fujitsu Limited
• SAP SE
• Nvidia Corporation
• WPP plc
• Autodesk Inc.
• Unity Software Inc.
• GAVS Technologies
• Kellton Tech Solutions Ltd.
• R3
• LeewayHertz Inc.
• Ontology
• Inery Pte. Ltd.
• Aetsoft Inc.
• Biconomy
• Fusion Foundation Inc.
• Hiro Systems PBC
• LI.FI
• ORB Labs
• SmartMedia Technologies Inc.
• Chainport
• Datachain Inc.
• Liquid Apps
• Polyhedra Network
• Quant Network Limited
• RioDeFi

What Is The Most Dominant Region In The Blockchain Interoperability Market?

North America was the largest region in the blockchain interoperability market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blockchain interoperability market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.