• About us
  • Contact Us
  • Privacy & Policy
CryptoCoinNewsHub.com
No Result
View All Result
Friday, July 10, 2020
  • Home
  • Live Updates
    • Cryptocurrency Prices
    • Live ICO
    • Live Exchange
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
  • Blockchain
  • Tech
  • Business
  • Trading
CryptoCoinNewsHub.com
  • Home
  • Live Updates
    • Cryptocurrency Prices
    • Live ICO
    • Live Exchange
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
  • Blockchain
  • Tech
  • Business
  • Trading
No Result
View All Result
CryptoCoinNewsHub.com
No Result
View All Result
Home Ethereum

Global Blockchain Tech Market to Surpass $16B by 2024

September 21, 2019
in Ethereum
2 min read
0
Global Blockchain Tech Market to Surpass $16B by 2024
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

The global blockchain technology market is estimated to surpass $16 billion by 2024, according to a recent report from market research firm Global Market Insights, Inc.

The report

In a Sept. 20 press release, Global Market Insights provided highlights from its 180-page-long report entitled “Blockchain Technology Market By Providers (Infrastructure Provider, Application Provider, Operators), Application (Smart Contract, Payment & Wallet, Digital Identity, Exchange, Compliance & Risk Management), End-Use (BFSI, Government, Healthcare, IT Service, Media & Entertainment, Transportation & Logistics), Regional Outlook, Competitive Market Share & Forecast 2024.”

Per the analysis, the key factor contributing to the global blockchain tech market growth will primarily be increasing adoption of blockchain by financial companies. Financial organizations will purportedly take up blockchain due to its ability to boost the efficiency of companies’ internal processes and cut the cost of operation in sectors such as trade finance, documentation and Know Your Customer.

Stakeholder segmentation of the blockchain market

A stakeholder segmentation of the blockchain market shows that application providers will see an 85% compound annual growth rate (CAGR) between 2018 and 2024, while digital identity application will purportedly register an over 90% CAGR throughout the same period. The latter will find its driver in the attempt to resist cyberattacks.

The report further states that the government segment of the blockchain market is expected to grow by 85% CAGR over the forecast period, and the market’s share from healthcare applications will register an 85% CAGR up to 2024 as well.

Other predictions

Earlier in September, Global Market Insights released a report that dove deeper into the blockchain tech in healthcare market, projecting that it will exceed $1.6 billion by 2025. Examination of medical outcomes, interoperability of health data and cost component reductions will further impact blockchain adoption, according to the assessment.

RELATED  Litecoin, Binance Coin, EOS, Dash, Monero

Tech market advisory firm ABI Research published its findings regarding global revenues from blockchain technology, in late August, the firm suggested that global revenues for blockchain tech are expected to hit $10 billion by 2023.


Credit: Source link

  • Trending
  • Comments
  • Latest
Singaporean Exchange Bitrue Gets Hacked, Losing $5 Million in XRP, Cardano

Singaporean Exchange Bitrue Gets Hacked, Losing $5 Million in XRP, Cardano

June 27, 2019
Iran’s Government Officially Legitimizes Cryptocurrency Mining

Iran’s Government Officially Legitimizes Cryptocurrency Mining

July 29, 2019
Google’s ‘Quantum Supremacy’ Has No Impact on Bitcoin

Google’s ‘Quantum Supremacy’ Has No Impact on Bitcoin

October 11, 2019
Salesforce Blockchain Certifies First Ever Artwork-Painted Lamborghini

Salesforce Blockchain Certifies First Ever Artwork-Painted Lamborghini

August 16, 2019

Confiscated Bitcoins by Tax Agents Remain in a Criminal’s Wallet

February 7, 2020

XRP Beats Ethereum and Bitcoin as the Best Performing Crypto

February 1, 2020

Robin Hood- Problems in more than just Sherwood Forest

January 28, 2020

One Wallet Has 27% of Ether in Old MakerDAO Network

January 26, 2020
CryptoCoinNewsHub.com

CryptoCoinNewsHub.com is an online news portal which aims to provide latest trendy crypto news around the world with real time updates.
Email us hello@cryptocoinnewshub.com

Topics to Cover

  • Bitcoin
  • Blockchain
  • Business
  • Crypto News
  • Ethereum
  • Ripple
  • Tech
  • Trading

Whats New Here!

  • Confiscated Bitcoins by Tax Agents Remain in a Criminal’s Wallet
  • XRP Beats Ethereum and Bitcoin as the Best Performing Crypto
  • Robin Hood- Problems in more than just Sherwood Forest

Subscribe to get more

Simply subscribe to our newsletters and we will be in touch. Don't worry, we won't spam you

© 2019 CryptoCoinNewsHub.com - All rights reserved

No Result
View All Result
  • Home
  • Live Updates
    • Cryptocurrency Prices
    • Live ICO
    • Live Exchange
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
  • Blockchain
  • Tech
  • Business
  • Trading

© 2019 CryptoCoinNewsHub.com - All rights reserved

  • bitcoinBitcoin(BTC)$8,152.26-0.70%
  • ethereumEthereum(ETH)$175.30-1.63%
  • rippleXRP(XRP)$0.252799-0.58%
  • bitcoin-cashBitcoin Cash(BCH)$242.68-2.16%
  • tetherTether(USDT)$1.000.27%
  • litecoinLitecoin(LTC)$55.01-1.92%
  • eosEOS(EOS)$3.11-2.39%
  • binance-coinBinance Coin(BNB)$18.56-2.84%
  • cardanoCardano(ADA)$0.042556-2.10%
  • stellarStellar(XLM)$0.064655-3.04%
  • tronTRON(TRX)$0.016891-2.25%
  • moneroMonero(XMR)$58.64-0.32%
  • neoNEO(NEO)$11.682.51%
  • iotaIOTA(MIOTA)$0.245122-1.96%
  • dashDash(DASH)$65.431.15%
  • nemNEM(XEM)$0.039494-0.75%