Blockchain Market 2018 is anticipated to reach $60.7 billion till year 2024

Business , News Apr 17, 2018 No Comments

Blockchain MarketWorldwide markets are poised to achieve continuing growth as Blockchain Market proves its value by managing digital transactions in real time across enterprise boundaries, encouraging collaborative business efforts. Lowering transaction management costs is a key benefit.

The global market for blockchain at $708 million in 2017 is anticipated to reach $60.7 billion in 2024. IBM and Microsoft are driving blockchain as their clients are making the transition to cloud services. Accenture has measurable market share as well.

Market Leaders- IBM, Microsoft, Accenture

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A $706 million market worldwide in 2017 after 10 years of being available, the blockchain market has evolved rather slowly. It’s biggest use has thus far been to hide the money of criminals and terrorists. After this inauspicious beginning, it is on the cusp of phenomenal growth, ready to reach $60 billion worldwide as it creates new digital economic infrastructure.

Demand for blockchain technology is growing everywhere, for example among the largest users of IBM cloud capacity to manage supply chains. 60 IBM cloud data centers see blockchain as the top application driving growth.Demand for blockchain technology is growing among the largest users of IBM cloud capacity. IBM 60 cloud data centers see blockchain growing to be one of the top applications in use. IBM blockchain digital ledger market is growing rapidly, a much-needed event for big blue. IBM has been one of the key companies behind the Hyperledger consortium, a nonprofit open-source project that aims to create efficient standards for commercial use of blockchain technology.

Companies Profiled


Market Participants

Advanced Micro Devices’
BTL Group
BitFury Group
Global Arena Holding

Table of Contents

Abstract: Blockchain Markets Headed to $60 Billion Worldwide by 2024 1
Blockchain Executive Summary 15
Blockchain Market Driving Forces 15
Blockchain Leverages Artificial Intelligence (AI) 18
Blockchain Market Shares, Dollars, Worldwide, 2017 19
Blockchain Market Forecasts 20

1. Blockchain: Market Description And Market Dynamics 23
1.1 Blockchain Market Description and Market Dynamics 23
1.2 Blockchains: Cryptographically Secured Distributed Ledgers 24
1.2.1 Blockchain Companies Initial Coin Offerings — ICOs 24

2. Blockchain Market Shares And Forecasts 28
2.1 Blockchain Market Driving Forces 28
2.1.1 Blockchain Leverages Artificial Intelligence (AI) 32
2.2 Blockchain Market Shares 34
2.2.1 Blockchain Market Shares, Dollars, Worldwide, 2017 36
2.2.2 IBM and Microsoft 37

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