Blockchain has a 60%+ CAGR growth potential over the next 7 years
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.
The detailed summary is at: https://www.reportlinker.com/p05443600/Global-Blockchain-Technology-Industry.html