Report: Blockchain spending in the US to rise from $3.1 million to $41.1 million by 2025
- The report states that the U.S. will report a compound annual growth rate (CAGR) of 44.5% between 2019-2025.
- The U.S. will see the largest blockchain spending of $1.1 billion, followed by Western Europe ($674 million) and China ($319 million).
A new report dubbed the "United States Blockchain Business Opportunities and Outlook Databook Series (2016-2025)” forecasts that Blockchain spending in the US will rise from $3.1 million to $41.1 million by 2025. The report states:
“Blockchain spend in United States has increased at 110.1% during 2018 to reach US$ 1,651.2 million. Over the forecast period (2019-2025), spend on blockchain is expected to record a CAGR of 44.5%, increasing from US$ 3,127.3 million in 2019 to reach US$ 41,112.6 million by 2025.”
The aim of the report was stated as follows:
“This business intelligence report aims to analyze market opportunities and risks in blockchain technology and its applications in over 75 areas across 11 industries in United States. This is a data centric report, consisting of 185 charts and 150 tables, providing detailed understanding of market dynamics. This report covers country level market size/spending forecast (2016-2025) by blockchain applications, type of blockchain, and technology domain.”
When compared to other geographic territories, the U.S. will see the largest blockchain spending of $1.1 billion, followed by Western Europe ($674 million) and China ($319 million). All territories will still experience tremendous growth over the 2018-2022 forecast period led by Japan and Canada with five-year CAGRs of 110% and 90%, respectively.
Author
Rajarshi Mitra
Independent Analyst
Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.
