New Study Says Enterprise Blockchain Markets Will Rise $21 Billion By 2025
New Study Says Enterprise Blockchain Markets Will Rise $21 Billion By 2025
May 14, 2020
New Study Says Enterprise Blockchain Markets Will Rise $21 Billion By 2025
New Study Says Enterprise Blockchain Markets Will Rise $21 Billion By 2025
May 14, 2020

A new study from Fortune Business Insights, a company offering market studies and consulting services, has said that the enterprise blockchain markets will rise $21 Billion by 2025.

On May 12, the report by GlobeNewswire stated:

“The blockchain technology market size stood at USD 1.64 billion in 2017, and is projected to reach USD 21.07 billion by the end of 2025 […] exhibiting a CAGR of 38.4% during 2018-2025.”

According to the Fortune Business Insights report, the main reason for the growth of the global blockchain technology market is that more enterprises worldwide are increasing their investment in blockchain research and development from within.

However, the research also expects that rising interest from public or government authorities for growing research and regulatory approvals of products in the market will also stimulate the expansion of the blockchain industry.

The report says that IBM would be the dominant player in the enterprise blockchain field. Other key players also include companies such as:

  • The Linux Foundation
  • Chain Inc.
  • Oracle Corporation
  • Fintech & Blockchain Software House
  • Deloitte
  • Consensus Systems
  • Microsoft Corporation
  • Schvey Inc.
  • Altoros
  • Bits Inc.
  • VironIT 
ALSO READ :  Harvard University’s Kennedy School Stages ‘Digital Currency Wars’ Crisis Stimulation

Also, the report examined various global industries, including government, healthcare, and banking, financial services, and insurance, or BFSI.

It stated:

“BFSI industry emerged as an early adopter of blockchain technology with the introduction of Bitcoin in 2009-10.”

Thus, in spite of the current global market recession and increasing unemployment rates, many blockchain jobs continue to rise due to the booming industry.

Source: Cointelegraph | Image: The Economic Times


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.