Portugal Blockchain Market Size, Share, Trends and Forecast by Component, Provider, Type, Deployment Mode, Organization Size, Vertical, and Region, 2025-2033

Portugal Blockchain Market Overview:

The Portugal blockchain market size reached USD 80.40 Million in 2024. The market is projected to reach USD 10,469.65 Million by 2033, exhibiting a growth rate (CAGR) of 62.73% during 2025-2033. The market is gaining momentum as regulatory frameworks evolve alongside growing interest from both public and private players. Companies are increasingly exploring tokenisation, decentralised finance, and blockchain utility applications. The government supports innovation through national initiatives and regulatory sandbox environments, even as full compliance with EU‑level regulations remains a work in progress. Overall, the ecosystem is maturing, confidence is rising, and investment is flowing. These trends are shaping the trajectory of Portugal blockchain market share.

Portugal Blockchain Market Trends:

Regulatory and Licensing Evolution

Portugal is actively aligning its legal and supervisory framework with the EU’s Markets in Crypto‑Assets (MiCA) regulation to create a more structured environment for blockchain adoption. MiCA became applicable across the European Union, establishing uniform rules for the issuance, offering, and trading of crypto‑assets. In early January 2025, the Bank of Portugal issued a formal notice confirming that, while MiCA is already in effect, the necessary national implementing legislation has not yet been published. As a result, the competent authority responsible for supervising crypto‑asset service providers remains unconfirmed. Until this is clarified, existing providers registered before MiCA’s enforcement can continue operations under transitional arrangements, valid until mid‑2026 or until their new applications are formally assessed. This transitional phase is prompting service providers, legal advisors, and regulators to prepare for more comprehensive oversight requirements and operational adjustments. The increased emphasis on licensing, risk disclosure, and customer protections is expected to enhance trust in blockchain-related services. This structured regulatory transition will play a foundational role in establishing compliance-driven infrastructure and supporting Portugal blockchain market growth.

Digital Identity Tools and Document Legalisation

Portugal continues to advance its digital infrastructure by integrating blockchain-compatible solutions into national identity systems and legal frameworks. This progression is visible in the expanding role of the id.gov.pt mobile application, which centralises access to verified personal documentation. In February 2024, an amendment to Law 19-A/2024 granted full legal and evidential value to digital identity documents including citizen cards and driving licences when presented through the app within Portuguese territory. This change enables users with a Digital Mobile Key to access, consult, and share authenticated documents securely from their mobile devices, streamlining interactions with public and private services. The legal recognition of these digitally stored credentials creates a foundation for future blockchain-based identity and documentation solutions, such as smart contracts, notarisation, and cross-border interoperability. Moreover, by embedding digital identity into everyday transactions, the government is reinforcing trust in electronic documentation and reducing dependence on physical documents. These advancements indicate a broader shift toward integrated digital systems and demonstrate institutional support for secure, decentralised tools. This ongoing alignment of legal structures with digital capabilities highlights one of the defining Portugal blockchain market trends.

Strategy, Public Policy and Ecosystem Development

Portugal is taking deliberate steps to structure its blockchain ecosystem through national strategy, policy integration, and multi-sector collaboration. Under the Digital Transition Action Plan, the country has initiated the development of a National Blockchain Strategy that aims to guide implementation across both public and private sectors. This strategic framework focuses on promoting innovation, improving regulatory coherence, and enabling interoperability between blockchain applications and existing digital infrastructure. Key priorities include skills development, public sector adoption, and clear governance standards for blockchain use in areas such as traceability, finance, and legal documentation. The strategy is being shaped by a dedicated working group composed of experts from government, academia, and industry, ensuring a comprehensive approach. These institutional efforts reflect a long-term vision that sees blockchain not only as a technology layer but as a tool for modernising service delivery, increasing transparency, and enhancing digital sovereignty. When paired with Portugal’s supportive legal and identity frameworks, this policy direction strengthens national readiness for scalable adoption. Taken together, these initiatives are expected to significantly support sustained Portugal blockchain market.

Portugal Blockchain Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on component, provider, type, deployment mode, organization size, and vertical.

Component Insights:

• Platforms
• Services
  • Professional Services
  • Managed Services

The report has provided a detailed breakup and analysis of the market based on the component. This includes platforms, and services (professional services and managed services).

Provider Insights:

• Application Provider
• Infrastructure Provider
• Middleware Provider

A detailed breakup and analysis of the market based on the provider have also been provided in the report. This includes application provider, infrastructure provider, and middleware provider.

Type Insights:

• Public
• Private
• Hybrid
• Consortium

The report has provided a detailed breakup and analysis of the market based on the type. This includes public, private, hybrid, and consortium.

Deployment Mode Insights:

• On-Premises
• Cloud
• Hybrid

A detailed breakup and analysis of the market based on the deployment mode have also been provided in the report. This includes on-premises, cloud, and hybrid.

Organization Size Insights:

• SMES
• Large Enterprises

The report has provided a detailed breakup and analysis of the market based on the organization size. This includes SMES and large enterprises.

Vertical Insights:

• Transportation and Logistics
• Agriculture and Food
• Manufacturing
• Energy and Utilities
• Healthcare and Life Sciences
• Media, Advertising, and Entertainment
• Banking and Financial Services
• Insurance
• IT and Telecom
• Retail and Ecommerce
• Government
• Real Estate and Construction
• Others

A detailed breakup and analysis of the market based on the vertical have also been provided in the report. This includes transportation and logistics, agriculture and food, manufacturing, energy and utilities, healthcare and life sciences, media, advertising, and entertainment, banking and financial services, insurance, IT and telecom, retail and ecommerce, government, real estate and construction, and others.

Regional Insights:

• Norte
• Centro
• A. M. Lisboa
• Alentejo
• Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Norte, Centro, A. M. Lisboa, Alentejo, and others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Portugal Blockchain Market News:

• February 2025: Unicâmbio, based in Portugal, has teamed up with Ripple to launch crypto-powered cross-border payments between Brazil and Portugal. This is the first move by Ripple into the Portuguese market and seeks to improve the speed of financial transactions between the two countries. Through the use of blockchain technology, the partnership enables near-instant settlement and lowers costs relative to existing payment mechanisms. The project highlights Portugal's increasing involvement in the international digital asset economy.

Portugal Blockchain Market Report Coverage:

Key Questions Answered in This Report:

• How has the Portugal blockchain market performed so far and how will it perform in the coming years?
• What is the breakup of the Portugal blockchain market on the basis of component?
• What is the breakup of the Portugal blockchain market on the basis of provider?
• What is the breakup of the Portugal blockchain market on the basis of type?
• What is the breakup of the Portugal blockchain market on the basis of deployment mode?
• What is the breakup of the Portugal blockchain market on the basis of organization size?
• What is the breakup of the Portugal blockchain market on the basis of vertical?
• What is the breakup of the Portugal blockchain market on the basis of region?
• What are the various stages in the value chain of the Portugal blockchain market? 
• What are the key driving factors and challenges in the Portugal blockchain market?
• What is the structure of the Portugal blockchain market and who are the key players?
• What is the degree of competition in the Portugal blockchain market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Portugal blockchain market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Portugal blockchain market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Portugal blockchain industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.