Tue, May 17, 2022
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

US blockchain market to hit $41bn spending by 2025

Tuesday, March 26, 2019

Laxman Pai, Opalesque Asia:

The blockchain market in the United States alone would surpass $41bn in the expenditure by the year 2025, said a market report.

A new report released by Research and Markets forecasts that blockchain spending in the U.S. will report a compound annual growth rate (CAGR) of 44.5%, rising from $3.1m to $41.1 m by 2025.

The report also reveals that during 2018, blockchain spending in the U.S. increased by 110 % and reached $1.6bn.

The company has studied over seventy areas in various markets divided into eleven industrial sectors of the United States, it said.

Meanwhile, another report released by International Data Corporation (IDC) earlier this month projects that global blockchain spending will see rapid growth between 2018 and 2022, with a five-year CAGR of 76%, amounting to $12.4 bn in 2022.

In geographic terms, the U.S. is set to see the largest blockchain spending of $1.1bn, followed by Western Europe and China, which are predicted to invest $674m and $319 m respectively.

Global blockchain spending will be led by the financial sector, where the banking, securities and investment services, and insurance industries will invest more than $1.1bn (combined in blockchain solutions this year.

Cross border payments & settlements and trade finance & post-trade/transaction settlements are the two blockchain use cases that will receive the most investment ($453m and $285m, respectively) in 2019.

The banking industry wil......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Long/short equity hedge fund with bear market experience has a winning quarter[more]

    B. G., Opalesque Geneva: Experience during a Russian bear market lasting five years enabled Christian Putz to identify certain investment patterns in the market which he now applies to his current investment strategy. London-based ARR Inv

  2. Opalesque Exclusive: Global equity manager focuses on symbiotic value chains[more]

    B. G., Opalesque Geneva: A global equity manager has made a point of focusing on the phenomenon of shrinking supply chains and avoiding zero-sum business models. London-based Tollymore Investment Partners is a private partnersh

  3. Satori Capital intros energy transition fund, a long/short equity strategy[more]

    Laxman Pai, Opalesque Asia: Dallas-based alternatives manager founded on the principles of conscious capitalism, Satori Capital has launched Satori Environmental, a long/short equity strategy that primarily invests in securities impacted by the global energy sector's shift from fossil-based s

  4. The Big Picture: With the war, E, S, and G have collectively moved back to the fore[more]

    B. G., Opalesque Geneva: In this interview, Dr. Patrick Welton, founder and CIO of Welton Investment Partners, offers his observations on the major macro themes expected to affect the comm

  5. Other Voices: The selloff is overdone[more]

    Authored by Heeten Doshi, founder of Doshi Capital Management. Anyone who is still bearish and calling for more downside is foolish. The selloff is overdone. To point to further declines from here is poor risk management. With the Nasdaq 100 down 22% and S&P 500 down 13% for the year