A new Fortune Business Insights study, a company that offers market research and consulting services, The blockchain technology market is estimated to reach $ 21 billion by 2025According to the May 12 GlobeNewswire report. Confirmation that:
“The blockchain technology market was $ 1.64 billion in 2017 and is expected to reach $ 21.07 billion by the end of 2025. […] have a CAGR (Compound Annual Growth Rate) of 38.4% in the period 2018-2025. “
Reasons for enlargement
The main reason for the growth of the global blockchain technology marketAccording to the Fortune Business Insights report is that more and more companies around the world are increasing their investments in research and development the blockchain.
The investigation also anticipates the growing interest of government or government agencies in the increase in the investigation. Regulatory product approvals also accelerate the expansion of the blockchain industry.
Source: Fortune Business Insight
Companies would have the highest income in the coming years
The report says that IBM would be the protagonist in the field of corporate blockchain. Other key players include companies such as Linux Foundation, Chain Inc., Oracle Corporation, Fintech Blockchain Software House, Deloitte, Consensus Systems, Microsoft Corporation, Schvey, Inc., Altoros, Bits, Inc., Altoros and VironIT.
The report examined various global industries, including government, healthcare and banking, financial services and insurance, or BFSI. It found that:
“With the launch of Bitcoin in 2009-10, the BFSI industry has emerged as one of the first to introduce blockchain technology.”
As Cointelegraph previously reported, Despite the current recession on world markets and the rising unemployment rate, many blockchain jobs continue to rise due to the industry boom.