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The blockchain market will be worth USD 21 billion in five years – Blocksats

New research indicates that the market blockchaina regarding enterprises will continue to grow and will reach a valuation of USD 21 billion by 2025.

Blockchain market for 21 billion USD

The analysis of the new Fortune Business Insights study, a company offering market research and consulting services, shows that the technology market blockchain will reach a total of $ 21 billion by 2025. The document states that:

“The size of the blockchain technology market was USD 1.64 billion in 2017, and is expected to reach USD 21.07 billion by the end of 2025 […]and CAGR [skumulowany roczny wskaźnik wzrostu, z ang. Compound Annual Growth Rate – przyp. Bitcoin.pl] will amount to 38.4 percent in 2018-2025. “

Reasons for valuation increase

The main reason for the development of the global blockchain technology market, according to the Fortune Business Insights report, is the fact that more companies around the world are increasing their investment in research and development of block chains.

The authors of the study also expect that the growing interest in the possibilities offered by the new technology by public and government authorities will also significantly accelerate the development of the blockchain industry.

The report suggests that so far there are many indications that IBM will be the dominant player on the blockchain market. At least when it comes to enterprises. Other key market players are also companies such as: Linux Foundation, Chain Inc., Oracle Corporation, FinTech & Blockchain Software House, Deloitte, Consensus Systems, Microsoft Corporation, Schvey, Inc., Altoros, Bits, Inc., Altoros and VironIT.

Experts also looked at how blockchain can affect various industries on a global scale, including how governments operate, and how healthcare, banking, financial services and insurance work.

The document explains exactly:

“BFSI industry [bankowość, usługi finansowe i ubezpieczenia – przyp. Bitcoin.pl] appeared first, which used blockchain technology with the introduction [na rynek] Bitcoin in the years 2009-10. “

As previously reported by the media, the labor market is also doing well in terms of supply of offers regarding block chain technology. Importantly, this positive phenomenon can be seen despite the current recession in global markets and rising unemployment rates around the world.

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