Blockchain Market will Likely Exceed $21 billion by 2025

Asia Blockchain Review
January 10, 2020

Fortune Business Insights recently published a report entitled “Blockchain Technology Market Size, Share and Industry Analysis by Product Type, Deployment, Industry Vertical, and Regional Forecast 2018-2025.” 

The report highlights the latest competitive developments as well as insights into the US$20 billion blockchain market and its regulation, underscoring the need for more research and regulatory approvals.

PoC to Lead Blockchain Market

The Proof of Concept (PoC) is expected to lead the market in the coming years, according to the report. This will result in increasing investments by governments all over the world in blockchain solutions for the emerging or niche industries including healthcare, banking, financial services and insurance. Manufacturing, life sciences and healthcare industries are among the most significant end users of blockchain-based PoC solutions.

Regions to See Highest Blockchain Growth

North America is expected to continue to lead the blockchain market in the coming years following increasing partnerships and alliances between large corporates in the United States. Europe will likely see the second highest growth rate followed by Asia Pacific, which is projected to see moderate growth with large economies such as China, Japan, and South Korea expected to invest more in the blockchain market.

More Regulatory Approvals by Authorities

Governments and public authorities are showing high interest in approvals of blockchain-based solutions being launched in the market in terms of regulation and research. On the other hand, key industry players are heavily investing in research and development of the technology to create their own blockchain-powered solutions for internal use.   

Source: www.globenewswire.com


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