Blockchain Technology Market Worth $21,070.2 Million by 2025; Increasing Research & Regulatory Approvals to Boost Growth, says Fortune Business Insights™

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• The blockchain technology market was valued at USD 1,640.7 million in 2017

  80% confidence

• Industry giants are focusing mainly on investing huge sums in research and development activities to create and implement blockchain in their companies

  80% confidence

• The proof of concept segment is anticipated to lead the blockchain market in the coming years due to increasing government investments in implementing solutions in emerging industries like healthcare and BFSI

  80% confidence

• Government and public authorities are showcasing high interest in regulatory and research approvals of blockchain products being launched in the market

  80% confidence

• Asia Pacific is likely to showcase moderate growth and significant CAGR on account of rising number of investments undertaken by financial technology organizations in developing nations

  80% confidence

• IBM's Blockchain Platform Free 2.0 Beta provides three state-of-the-art capabilities not present in any other available platforms in the market

  80% confidence

• IBM's new blockchain platform development would support IBM in gaining more market share during the forthcoming years

  80% confidence

• North America is expected to retain its dominant position in blockchain market owing to rising partnerships and alliances between service providers and prominent companies in the U.S.

  80% confidence

• Europe is projected to experience high growth stoked by the increasing dominance of the manufacturing industry in this region

  80% confidence

• The global Blockchain Technology Market size is projected to reach USD 21,070.2 million by the end of 2025, exhibiting a CAGR of 38.4%

  80% confidence