Blockchain [New] The global market for blockchain technologies in 2025 alone is estimated at approximately USD 40 billion. [New] Europe is the largest countries of Blockchain Technology in Energy in the world in the past few years and it will keep increasing in the next few years. Global spending on AI will reach 57.6 billion dollars by 2020 and 51% of companies will embark on the transition to AI with blockchain integration. The global market for blockchain in security is estimated to grow at a notable rate during the forecast period from 2018 to 2023. Global Blockchain in Security market is expected to grow from USD 178.37 million in 2017 to USD 1572.46 million by 2023, at a CAGR of 43.73% during the forecast period. The use of blockchain technology in the pharma supply chain is expected to increase throughout the course of 2020. Worldwide spending on AI will reach $57.6 billion by 2020 and 51% of organizations will make the change to AI with blockchain integration. The Global Blockchain Technology in the Energy Sector Market is anticipated to grow at a CAGR of 52.9% during the forecast period 2018-2026. By 2022, over 40% of large companies will begin using an HR solution powered by emerging technologies such as AI and blockchain. Our analysts forecast the global blockchain technology market in transportation and logistics industry to grow at a CAGR of 82.86% during the period 2018-2022. Over 12 countries, mostly emerging economies, will begin issuing a digital currency using blockchain technologies to promote economic stability and encourage electronic commerce by 2023. By 2023, blockchain will support the global movement and tracking of US$ 2 trillion worth of goods and services annually. About 60% of CIOs across sectors expect some adoption of blockchain in the next three years. Among the hyped technologies is blockchain, which UBS expects to generate annual economic value worth between $300 billion and $400 billion by 2027 across six major industries, led by financial services. For a truly global blockchain system interoperability will have to be achieved - which seems unlikely in the coming year - or at least bridges across the blockchains. 75% of organizations that are implementing IoT technologies have already implemented blockchain or will implement by the end of 2020. In the coming years, AI and blockchain are expected to become major players in the fintech market and provide even more innovation. Most analysts have predicted a dramatic rise in blockchain adoption beyond cryptocurrency in 2020, helped by new offerings such as the AWS blockchain service. The coming year seems promising for the blockchain and cryptocurrency industries, which will continue to grow with more inclusion and more use cases. Blockchain offers opportunities to reinvent the business model for games. The digital supply chain market is expected to reach $75-plus billion by 2030, with technologies such as big data, AI and blockchain being the major drivers of growth. Dubai, has begun a blockchain strategy that looks to transfer all government documents on a blockchain by 2020. The worldwide smart contract market is expected to reach $300m by 2023 and the World Economic Forum predicts 10% of global GDP will be stored on the blockchain by 2027. See full forecast Last updated: 12 July 2020 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No
