Blockchain Technology Market Size Worth
$57,641.3 Million By 2025
The global blockchain technology market is estimated to reach USD 57,641.3 million, by the end of 2025, and is
anticipated to grow at a CAGR of 69.4% over the forecast period, 2019 to 2025. Blockchain technology helps to monitor
all types of cryptocurrency transactions. This technology works as a record-keeping & electronic transaction & record
processing system. This solution enables users that are connected over the network to track data through a secured
network, thereby, eliminating the need for third party authentication.
The market is anticipated to propel at a rapid pace due to various benefits such as minimized error rate, elimination of
reconciliation, and reduction in record delicacy. Blockchain technology solution makes the database to be universal and
allows different institutions to utilize the same. This universal access at the same time increases the efficiency of the
Growing demand for blockchain solutions across healthcare, financial services, media & telecom, public sector, and
transportation sector is boosting the market growth. Increasing acceptance of cryptocurrency and rising demand from
the BFSI sector is also proliferating the need for blockchain technology. This technology provides instant settlements for
financial transactions with optimized options.
Key participants in the blockchain technology market include, Microsoft Corporation; Linux Foundation; IBM
Corporation; Deloitte; BTL Group; R3; Chain Inc.; Global Arena Holding, Inc. (GAHI); Circle Internet Financial Limited; Eric
Industries; and Ripple.
Request Sample Copy of This Market Research @
“The global blockchain technology market is estimated to reach USD 57,641.3 million, by
the end of 2025, and is anticipated to grow at a CAGR of 69.4% over the forecast period,
2019 to 2025.”