You thought the Blockchain market was small. Surprise!
See what Deloitte says about Blockchain...
“Fifty-three percent of respondents say that blockchain technology has become a critical priority for their organizations…a 10 point increase over last year…83% see compelling use.”
Read the entire document by Deloitte. It is a very interesting read featuring survey questions reflecting growth across multiple categories and industries. Read it here.
Anticipated Blockchain and Crypto Technology Growth
The global blockchain market size is expected to grow from USD 1.2 billion in 2018 to USD 23.3 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 80.2% during the forecast period.
The global blockchain market size is expected to grow from USD 1.2 billion in 2018 to USD 23.3 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 80.2% during the forecast period. Various factors, such as, increasing venture capital funding and investments in the blockchain technology, a growing need to simplify business processes and create business transparency and immutability, reduction in operational cost, increasing popularity of blockchain technology in retail and supply chain management are expected to drive the market. . However, uncertain regulatory and compliance environment and limited availability of technical skillsets for implementing the blockchain technology may restrain the blockchain market growth.