Blockchain technology is forecast to increase to nearly 1,000 trillion U.S. dollars by 2032, but this was lower than in a previous forecast. This is according to a market research forecast, focusing on blockchain with cloud applications for specific business segments. The numbers do not include decentralized applications such as blockchain gaming. Originally, a forecast from June 2022 predicted "blockchain technology" would reach 1,235 billion U.S. dollars by 2030, at a CAGR of 82.8 percent. A newer forecast from December 2023 predicts a value of 943 billion U.S. dollars in 2032 with a CAGR of 56.1 percent. The source does not explain this difference.
FAQs
How big is the blockchain technology market in 2030? ›
USD 137.8 billion
According to Custom Market Insights (CMI), The Blockchain Technology Market size was estimated at USD 4.8 Billion in 2022 and is expected to hit around USD 69 Billion by 2032, poised to grow at a compound annual growth rate (CAGR) of 68% from 2023 to 2032.
How big is the blockchain market in 2028? ›| Report Attribute | Details |
|---|---|
| Market Size by 2028 | US$ 228 Billion |
| Global CAGR (2021 - 2028) | 72.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
USD 26.91 Billion
With the global cryptocurrency exchange market size expected to reach over $4.94 billion by 2030, there is a growing need for secure and user-friendly trading platforms.
What is the blockchain prediction for 2030? ›The global blockchain technology market is expected to witness a compound annual growth rate of 87.7% from 2023 to 2030 to reach USD 1,431.54 billion by 2030.
How big will blockchain become? ›Originally, a forecast from June 2022 predicted "blockchain technology" would reach 1,235 billion U.S. dollars by 2030, at a CAGR of 82.8 percent. A newer forecast from December 2023 predicts a value of 943 billion U.S. dollars in 2032 with a CAGR of 56.1 percent.
How big is the blockchain market in trillion? ›Blockchain Market size was valued at USD 17.6 Billion in 2023 and is anticipated to reach USD 1.81 Trillion by the end of 2036, expanding at around 72.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of blockchain is assessed at USD 26.43 Billion.
Which country has the most blockchain? ›Singapore. Singapore is a leading country in blockchain adoption, with the government investing heavily in blockchain research and development. Due to its favorable regulatory climate, Singapore has become a hotspot for initial coin offerings (ICOs), with many blockchain businesses choosing to incorporate there.
Where will blockchain technology be in 5 years? ›A report published by the World Economic Forum claimed that by 2025, 10% of GDP will be stored on blockchains or blockchain-related technology. Blockchain technology is poised to revolutionize the way the digital world handles data and does business. Technology has the potential to bring changes around the world.
Will blockchain be bigger than the internet? ›
Experts predict blockchain technology is not only here to stay, but could be a major disrupter in the way companies do business — possibly even larger than the internet.
What is the future outlook of blockchain? ›I.
According to a forecast by research firm Gartner, by 2026 the business value added by blockchain will increase to over $360 billion. Then, by 2030, that will increase to more than $3.1 trillion. With current and future trends, blockchain is predicted to make a big revolution in the coming decades.
MarketsandMarkets projects the global blockchain market to grow from USD 4.9 billion in 2021 to USD 67.4 billion by 2030, at a CAGR of 68.4%. The report highlights the growing demand for blockchain solutions in banking, financial services, and insurance (BFSI), with significant adoption expected in Europe and Asia.
Is blockchain really the future? ›However, blockchain technology remains a relevant development for companies across a host of industries. It is possible that blockchain technology will ultimately be seen as the most important innovation to come out of the cryptocurrency boom.
What is the future market of blockchain? ›[443 Pages Report] The global blockchain market size is projected to grow from USD 20.1 billion in 2024 to USD 248.9 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 65.5% during the forecast period.
Which technologies will dominate in 2030? ›Artificial Intelligence (AI) and Machine Learning (ML)
These big tech trends will impact every industry - from healthcare to finance, they will drive innovation and automate processes, enhancing decision-making.
The Web3 market capitalization is currently estimated at $27.5 billion. In 2021, the international Web3 market was valued at $3.2 billion. It is expected that by 2030, the Web3 will have reached a worth of $81.5 billion. Its value is projected to increase at a compound annual rate of 43.7%.