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Research and Markets: blockchain market to grow by 61.5% annually

Research and Markets, the world's largest market research store, has released additions to their paper dedicated to the blockchain industry analysis, forecasting the industrial growth rate of 61.5% annually.

The report was prepared on the basis of data collected around a number of in-depth interviews with top-level management of the key blockchain market actors, such as Microsoft, IBM, Deloitte, Ripple, Chain, Abra, BitFury, Coinbase, Circle, Digital Asset Holdings, Blockchain Tech Ltd, Global Arena Holding, Digital CC Ltd, and Earthport.
In the report, the blockchain market has been segmented on the basis of regions, key service providers, applications, organization size, etc., giving the revenue numbers both for the overall market and the segments across different verticals and regions.


“This report will help the stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.”
The most impressive estimation one finds in the report is that of the Compound Annual Growth Rate equalling 61.5% (which means that the market is expected to grow from $210.2 million as of 2016 to $2,312.5 million by 2021). The reason for such growth, according to the report, lies in the organizations’ willingness to focus more on transparency, immutability, and scalability.


According to the report, application and solution provider segment is expected to grow most, thanks to the demand for efficient business processing applications. Since the market’s request for solving such problems as rights assigning, usage tracking, and distribution of media content has been on the rise, the report forecasts the highest Compound Annual Growth Rate highest to be witnessed by the media and entertainment sector.
Among the major restrictions for the market’s growth, the report lists such factors as lack of awareness about the blockchain and uncertain regulatory status.

Source: coinfox.info

  • June 15, 2017 9:59 AM MSK
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