[Tech]BlockChain in Global Market

Published in

ReapChain Official

2 min readAug 17, 2021

Blockchain Global Market Size

According to the Worldwide Semiannual Blockchain Spending Guide of IDC(International Data Corporation), a global IT market analysis and consulting firm, the global blockchain market was worth $1.5 billion in 2018 and is expected to grow 76% CAGR to $10.9 billion by 2022.

By country, the United States has the largest blockchain market with 1.1 billion dollars in 2019, followed by Western Europe with 0.67 billion dollars, and China with 0.32 billion dollars.

In the service sector, the use of Blockchain as a Service (BaaS) is increasing. According to Bank of America, even if only 2% of servers become blockchain nodes, BaaS is expected to form a 7 billion dollar market. As the companies that can take the most advantage of the recent shift to BaaS, BaaS service providers such as Amazon, Microsoft, and Oracle, and blockchain-based online service providers such as IBM, Salesforce.com, VMware, Redfin, Zillow, and LendingTree are being mentioned