Expanding businesses requirements for cross-chain asset transfers is expected to drive market expansion in the near future at a CAGR of 28.30% during the forecast period 2023 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “Global Blockchain Interoperability Market” that contains information from 2018 to 2032. The blockchain interoperability market is estimated to register a CAGR of 28.30% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global blockchain interoperability market— Oracle Corporation, R3, LeewayHertz, Ontology, INERY PTE. LTD., Datachain, Inc., Quant Network Limited, Band protocol, LiquidApps and Orb Labs

Blockchain Interoperability Market Highlights

The global blockchain interoperability market is accounted to register a CAGR of 28.30% during the forecast period and is estimated to reach USD 3.77 Billion by 2032.

The blockchain interoperability market is evolving to facilitate communication and data sharing between diverse blockchain networks. It addresses the challenge of compatibility, enabling seamless and secure transactions across different blockchain platforms, which is vital for the growth of blockchain-based applications and ecosystems.

Segment Analysis

The global blockchain interoperability market has been segmented based vertical and application.

On the basis of vertical, the market is segmented into BFSI, healthcare, gaming & entertainment, IT & ITes, telecommunication, food & agriculture, and other. The BFIS segment accounted for 25% of the blockchain interoperability market share in 2022. Healthcare will still experience the highest CAGR increase during the forecast period due to the need for safe, transparent, and efficient data transmission.

Based on application, the global blockchain interoperability market has been segmented into dApps, digital assets/NETs, cross-chain trading & exchange, cross-chain messageing & data sharing. The dApps segment held over 36% of the blockchain interoperability market share in 2022. Blockchain interoperability solutions are growing in popularity in decentralized applications due to their ability to transcend the limitations of single-chain ecosystems.

Regional Analysis

The global blockchain interoperability market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Blockchain Interoperability market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Blockchain Interoperability market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Blockchain Interoperability market comprises of Middle East, Africa, and Latin America.

The largest market share for blockchain interoperability was maintained by the North American regional sector. The North America Blockchain Interoperability Market dominated this market in 2022 (45.80%). Due to a number of significant factors, the North American region has the greatest market size for blockchain interoperability. Among them is the region's expanding adoption of blockchain technology in a number of industries, such as supply chain management, healthcare, and banking.

Moreover, Europe holds the second-largest market share for blockchain interoperability. Europe has played a significant role in the adoption of blockchain technology by numerous countries for a variety of purposes. The UK, Germany, Switzerland, and Estonia are just a few of the European countries that are becoming more and more interested in blockchain technology. As a result of this interest, interoperability solutions to connect disparate blockchain networks have become increasingly popular. Legislation from the European Union (EU), such as the General Data Protection Regulation (GDPR), has had an impact on blockchain development in the area.

Additionally, the Asia-Pacific blockchain interoperability market is expected to grow at the fastest CAGR from 2023 to 2032. The APAC region is famous for having a diverse blockchain ecosystem, with China, Japan, Singapore, and South Korea being hubs for blockchain development. Interoperability solutions connect various networks and ecologies. In APAC nations, cross-border logistics and trade are given top priority. If blockchain technology is interoperable, it can speed up and safeguard operations in global commerce.

Furthermore, the rest of the world's blockchain interoperability market is divided into the Middle East, Africa, and Latin America. The Latin American blockchain interoperability market is emerging to bridge the gap between diverse blockchain networks, enabling seamless cross-platform transactions. It plays a pivotal role in fostering blockchain adoption across the region by ensuring compatibility and facilitating secure data sharing.

Key Findings of the Study

• The global blockchain interoperability market is expected to reach USD 3.77 Billion by 2032, at a CAGR of 28.30% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market. APAC is renowned for having a diversified blockchain ecosystem, with hotspots for blockchain innovation including China, Japan, Singapore, and South Korea.


• Based on application, the dApps segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.


• Oracle Corporation, R3, LeewayHertz, Ontology, INERY PTE. LTD., Datachain, Inc., Quant Network Limited, Band protocol, LiquidApps and Orb Labs.