Report: Blockchain Technology Market to Reach $7.7 Billion by 2024
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,....
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Crypto investors and platforms are facing a growing threat as the value of crypto hacks has nearly doubled in the first seven months of 2024, reaching a staggering $1.6 billion, according to a new report from blockchain analytics firm Chainalysis. Crypto Theft Skyrockets In 2024 While the monetary value of stolen funds has skyrocketed, the […]
The EY Report on blockchain predicts widespread implementation of the distributed ledger technology in the next 3 to 5 years. The Blockchain technology is going to reach critical mass soon, declares Ernst and Young. The leading global consulting firm has recently published a report outlining the significance of blockchain technology in various industry sectors. The distributed ledger technology powering digital currencies like Bitcoin has been subject to various experiments, mainly from the fintech industry. The properties of blockchain technology make it quite unique and well adaptable to....
A new report is predicting that the total value of the NFT market will reach $200 billion in 2030. The report, issued by Grand View Research, a multinational market insights company, found that the rising demand for this kind of instrument — due to its growing number of applications — will fuel growth of the market.
NFT Market to Reach $200 Billion, Fueled by Growing Demand
Non-fungible tokens (NFTs) are becoming more popular due to their wide array of applications in different industries. A recent report issued by Grand View Research, a market insights company,....
Traditional industries are currently facing an ultimatum—either embrace new technology or succumb to old methods. Since 2008, blockchain technology has been central to this conversation. According to recent estimates, corporations will spend nearly $20 billion on blockchain services by 2024. Overall, blockchain has emerged as a revolutionary and disruptive technology, creating opportunities across finance, real […]
Blockchain market size is expected to reach $104.19 billion by 2028, exhibiting at a CAGR of 55.8% across the forecast period as per the report. A new report indicates that the blockchain industry is set for astronomical growth in the next decade, with the North American market leading the way. The report by Fortune Business Insights, titled “Blockchain Market Analysis Research Report, 2021-2028,” mentions that the global blockchain market size is expected to reach a whopping $104.19 billion by 2028, exhibiting at a CAGR of 55.8% across the forecast period.The presence of major industry....