This new authoritative market report by a team of leading academics and business leaders reveals that
the global blockchain market size is predicted to grow from USD 548.2 million in 2018 to USD 10.1
billion by 2024, at a Compound Annual Growth Rate (CAGR) of 62.61% during the forecast period.
The report has also reveals that Blockchain is set to disrupt 42 different industries, including the
Banking, Logistics, Charity, Education, Healthcare, Human Resources, Public Sector, Music, Law
Enforcement and Sports sectors.
Jeremy Baker, BBC Commentator, Affiliate Professor ESCP Europe, says: “Blockchain technology
introduces a new paradigm. The World Wide Web is merely Internet 1.0 in terms of our online
communication. Blockchain is, in a sense, Internet 2.0 and represents the internet of value, ownership
and trust – as the extensive market research contained in this report so clearly demonstrates.”
Baker adds: “Reading this enlightening report, it is clear that Blockchain is here to stay. The report made
me realize how Blockchain will have a major impact in various industries, in the same kind of way the
World Wide Web did. It will have a profound effect on society, as it creates a global network of trust,
allowing individuals, organizations and even machines to transact with each other, but — for the first
time in history — without having to trust each other.”
“This report clearly and concisely summarizes the current Blockchain market and identifies areas that all
business leaders must be aware of as Blockchain expands into dozens of international markets.”
The report reveals that the Asia-Pacific region is expected to show the highest growth rate during the
forecast period. Major economies in Asia-Pacific, such as China, India, Australia, and New Zealand, are
investing into Blockchain-based solutions to disrupt traditional business processes in order to enhance
their performance. However, North America and Europe remain major players in the Blockchain space
generating 70% of the revenues in the industry.
The report further reveals that the key players in the Blockchain Applications market are Wallets &
Money Services and Capital Markets & Financial Services. These two categories account for more than
half of the investment share in Blockchain.