Report: Global Blockchain Tech Market to Surpass $16B by 2024
Ana Alexandre's original article for cointelegraph.com reduced by 54%
The global blockchain technology market is estimated to surpass $16 billion by 2024, according to a recent report from market research firm Global Market Insights, Inc.The reportIn a Sept. 20 press release, Global Market Insights provided highlights from its 180-page-long report entitled "Blockchain Technology Market By Providers, Application, End-Use, Regional Outlook, Competitive Market Share & Forecast 2024.". Per the analysis, the key factor contributing to the global blockchain tech market growth will primarily be increasing adoption of blockchain by financial companies.
Stakeholder segmentation of the blockchain marketA stakeholder segmentation of the blockchain market shows that application providers will see an 85% compound annual growth rate between 2018 and 2024, while digital identity application will purportedly register an over 90% CAGR throughout the same period. The report further states that the government segment of the blockchain market is expected to grow by 85% CAGR over the forecast period, and the market's share from healthcare applications will register an 85% CAGR up to 2024 as well. Earlier in September, Global Market Insights released a report that dove deeper into the blockchain tech in healthcare market, projecting that it will exceed $1.6 billion by 2025.
Examination of medical outcomes, interoperability of health data and cost component reductions will further impact blockchain adoption, according to the assessment. Tech market advisory firm ABI Research published its findings regarding global revenues from blockchain technology, in late August, the firm suggested that global revenues for blockchain tech are expected to hit $10 billion by 2023.
Donate Bitcoin to this address
Scan the QR code or copy the address below into your wallet to send Bitcoin
Donate Ethereum to this address
Scan the QR code or copy the address below into your wallet to send Ethereum
Donate With MetaMask
Donate ETH With MetaMask
Alternatively, support us by using the following referral links:
CN [too long; didn’t read]
Summarised crypto news.