Report: Blockchain Could Become an $8 Billion Global Industry By 2024
The next eight years could see the blockchain marketplace grow to almost $8bn in value, according to a new research report. The report, prepared by Grand View Research, points to a combination of industry investments, enterprise interest in blockchain solutions and growing use of digital currencies among consumers as the lead driver of expected growth. Overall, the market could be as valuable as $7.74bn by 2024, the firm estimated. As for where geographically that growth is anticipated to take place, Grand View suggests that most is going to emerge from financial sectors in the both the....
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The worldwide blockchain technology market is forecast to reach $7.74 billion by 2024, with the financial services sector accounting for the majority of the future market growth, predicts a new report. “Blockchain technology is one of the most promising upcoming technological trends in the information technology domain,” according to Grand View Research, a San Francisco-based market research and forecasting company which authored the report. The report predicts continued growth in the U.S. and Canadian markets (40.9 percent of the market). Meanwhile, China and India will see a compound....
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A PwC report estimates that blockchain technology will make up 1.4% of the global economy. A new PwC study found that blockchain technology through its wide range of use cases will potentially add $1.76 trillion to the global gross domestic product in the next 10 years. It would make 1.4% of the global GDP in 2030.The report states that increasing interest in blockchain technology is primarily due to the need for a more efficient system that can integrate trust in processes that depend on intermediaries. In another survey, PwC found that more than 50% of the CEOs believed the faltering....