Blockchain

[New] Blockchain is anticipated to help authenticate over 5% of worldwide news and video content as real by 2023, with major news and domestic organizations leveraging blockchain technology to do so as early as next year.
Beijing announced its plan to become a global hub for blockchain technology by 2022.
Technology commentators are predicting that 2020 is going to see an acceleration of new tech entering the market including 5G wireless connectivity, blockchain technology (beyond cryptocurrency) and AI/ML.
Within Europe, Germany is forecast to grow at approximately 43.1% CAGR while Rest of European blockchain market will reach US$ 22.1 Billion by the year 2027.
The move to digital payments and blockchain will spur a rebalancing of global economic power over the next five years.
The global market for blockchain technologies in 2025 alone is estimated at approximately USD 40 billion.
Cryptocurrencies will play their respective role in rendering paper money and billing obsolete in the coming years.
Europe is the largest countries of Blockchain Technology in Energy in the world in the past few years and it will keep increasing in the next few years.
The fastest growth in demand for blockchain devices is predicted to be created by the retail sector during the forecast period.
North America is expected to dominate the blockchain in security market from 2018 to 2023 owing to strong foundation in finance and commerce that is witnessing rapid implementation of blockchain technology for financial transactions and data storage.
Global spending on AI will reach 57.6 billion dollars by 2020 and 51% of companies will embark on the transition to AI with blockchain integration.
The global market for blockchain in security is estimated to grow at a notable rate during the forecast period from 2018 to 2023.
Global Blockchain in Security market is expected to grow from USD 178.37 million in 2017 to USD 1572.46 million by 2023, at a CAGR of 43.73% during the forecast period.
Worldwide spending on AI will reach $57.6 billion by 2020 and 51% of organizations will make the change to AI with blockchain integration.
By 2022, over 40% of large companies will begin using an HR solution powered by emerging technologies such as AI and blockchain.
The Global Blockchain Technology in the Energy Sector Market is anticipated to grow at a CAGR of 52.9% during the forecast period 2018-2026.
Visa will create the digital currency on a centralized computer using blockchain technology.
Over 12 countries, mostly emerging economies, will begin issuing a digital currency using blockchain technologies to promote economic stability and encourage electronic commerce by 2023.
Key trend which will predominantly effect the IoT security market in coming year is growing appearance of Blockchain in IoT security market.
Cryptocurrencies targeting the gaming industry have great potential since they are in a fast-growing market that already represents more than $150 billion in revenues in 2019 worldwide and could exceed $180 billion by 2021.
Our analysts forecast the global blockchain technology market in transportation and logistics industry to grow at a CAGR of 82.86% during the period 2018-2022.
In the year 2018, the global cryptocurrencies market size accounted and is projected in increasing the growth of the market by around in the coming years.
At about 2% GDP growth per year, the global GDP in ten years will be about $90 trillion USD, which means $9 trillion in cryptocurrency transactions including $4.5 trillion in Bitcoin transactions per year.

See full forecast

Last updated: 02 August 2020