Blockchain [New] A global blockchain in the healthcare market is expected grow at a CAGR of 63.85% from 2018 to 2025, to reach a value of $5.61 billion by 2025. [New] As worldwide spending on blockchain reaches $11.7 billion in 2022, the number of jobs created in the blockchain industry will reach an all-time high. North America is expected to dominate the blockchain in security market from 2018 to 2023 owing to strong foundation in finance and commerce that is witnessing rapid implementation of blockchain technology for financial transactions and data storage. Blockchain is anticipated to help authenticate over 5% of worldwide news and video content as real by 2023, with major news and domestic organizations leveraging blockchain technology to do so as early as next year. Beijing announced its plan to become a global hub for blockchain technology by 2022. Within Europe, Germany is forecast to grow at approximately 43.1% CAGR while Rest of European blockchain market will reach US$ 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. 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. 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. The use of blockchain technology in the pharma supply chain is expected to increase throughout the course of 2020. Worldwide spending on AI will reach $57.6 billion by 2020 and 51% of organizations will make the change to AI with blockchain integration. The Global Blockchain Technology in the Energy Sector Market is anticipated to grow at a CAGR of 52.9% during the forecast period 2018-2026. By 2022, over 40% of large companies will begin using an HR solution powered by emerging technologies such as AI and blockchain. Our analysts forecast the global blockchain technology market in transportation and logistics industry to grow at a CAGR of 82.86% during the period 2018-2022. Over 12 countries, mostly emerging economies, will begin issuing a digital currency using blockchain technologies to promote economic stability and encourage electronic commerce by 2023. By 2023, blockchain will support the global movement and tracking of US$ 2 trillion worth of goods and services annually. About 60% of CIOs across sectors expect some adoption of blockchain in the next three years. Among the hyped technologies is blockchain, which UBS expects to generate annual economic value worth between $300 billion and $400 billion by 2027 across six major industries, led by financial services. For a truly global blockchain system interoperability will have to be achieved - which seems unlikely in the coming year - or at least bridges across the blockchains. 75% of organizations that are implementing IoT technologies have already implemented blockchain or will implement by the end of 2020. See full forecast Last updated: 09 August 2020 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No
