Wednesday, July 15, 2020

Cloud services and exponential data growth

  July 15, 2020    Nikhil Verma

Cloud services are seeing significant growth in the last five years. Four major players combine to dominate almost 60% of the cloud’s infrastructure. 



According to Raconteur, by 2025, an average internet user will have around 4,909 data interactions per day, an increase from 1,426 in the year 2020. The scale of global datasphere is expected to be five times bigger in 2025 than it was in 2018, growing from 33 zettabytes to 175 zettabytes. Each zettabyte, by the way, is equal to 1 trillion gigabytes.

Sunday, July 12, 2020

The 2018 PWC survey on blockchain

  July 12, 2020    Nikhil Verma

In Aug 2018, PWC published the results of a survey of 600 executives from 15 territories on blockchain. 84% participants said that their organisations have at least some involvement with blockchain technology.

A distributed, tamperproof ledger, a well-designed blockchain doesn’t just cut out intermediaries, reduce costs, and increase speed and reach, it also offers greater transparency and traceability for many business processes. Gartner forecasts that blockchain will generate an annual business value of more than US $3 trillion by 2030. It’s possible to imagine that 10% to 20% of global economic infrastructure will be running on blockchain-based systems by that same year.

It was no surprise that the industry leading the charge was Financial servcies, where turst is the key issue and has inefficiences due to its many intermediatries. Also, a lot of banking is digitial and Blockchain being a digital technology is ready to take this sector to the next level. 





Blockchain has a 60%+ CAGR growth potential over the next 7 years

  July 12, 2020    Nikhil Verma

Reportlinker.com announces the release of the report "Global Blockchain Technology Industry" in July 2020. It expects Blockchain technology market to reach US$142.5b by the Year 2027 from US$4.4b in 2020 despite the Covid19 crisis. This respresents a US$142.5 Billion by the Year 2027.

Of this, growth in the Private segment is readjusted to a revised 62.7% CAGR for the next 7-year period adjusted for business implications of the pandamic and resultant economic crises. This segment currently accounts for a 24.6% share of the global Blockchain Technology market.

The U.S. Accounts for Over 30.6% of Global Market Size in 2020, While China is Forecast to Grow at a 60.9% CAGR for the Period of 2020-2027

The Blockchain Technology market in the U.S. is estimated at US$1.4 Billion in the year 2020. The country currently accounts for a 30.61% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$22.1 Billion in the year 2027 trailing a CAGR of 60.9% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 57.5% and 54.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 43.1% CAGR while Rest of European market (as defined in the study) will reach US$22.1 Billion by the year 2027.

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