Study: in 5 years, investments in blockchain reached $ 35 billion

Premium Market Insights (PMI) predicts a significant increase in investment in blockchain technology in the next five years.Years.

Research conducted by company specialistsemphasizes that the increase in investments in blockchain projects over the past four years amounted to 82%. According to the company’s forecasts, by 2025, the amount of investments in the development of blockchain technology will increase to $ 34.7 billion. For comparison, back in 2016 this amount was only $ 156.5 million.

In this case, the main vectors of useblockchain will be asset tracking and management, data transfer and information security. The ability of distributed ledger technology to reduce operating costs and provide effective data, risk and security management contributes to the development of more active business models and market growth.

The largest companies – Accenture, AWS, Bigchaindb, Deloitte, IBM, Infosys, Microsoft, Nodalblock, Oracle, SAP, Enosi and Electron – will takeleading positions in the global blockchain market in the coming years.

The report highlights that North America will be the leading region in the world in terms of market share.Thanks to countries such as China, Japan, and India, the Asia-Pacific region is expected to see a higher growth rate of blockchain technology integration in the period 2020-2025. 

However, the pace of adoption of the technology may be slowed down by external factors, the pandemic, and the economic crisis, despite the successful use of the blockchain platform to collect data on the COVID-19 pandemic.