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Monday, July 7, 2025

With 56.3% CAGR, Blockchain Market To Be Worth USD 163.83 Billion by 2029 - EIN News

According to Fortune Business Insights, the global blockchain market size is projected to reach USD 163.83 billion in 2029, at a CAGR of 56.3% during the forecast period
In recent times, demand for cloud-based services has increased dramatically. Moreover, the pandemic acted as a catalyst in creating even more new opportunities for this technology. Technology is demanded in setting up virtual work platforms, and this has created a demand for software as a service in companies to ensure work continuity. Additionally, B-a-a-S has also emerged as an ideal solution to cater to demand for small and medium-sized enterprises (SMEs). SME's are using this service to safeguard their digital entities and authenticate human identities, increasing demand for B-a-a-S products. The aforementioned factors are expected to fuel the market growth during the forecast period.
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