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Monday, July 7, 2025

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

Pune, India, June 06, 2022 (GLOBE NEWSWIRE) -- The blockchain market size is rising globally at a CAGR of 56.3% during the forecast period 2022 to 2029. The market is projected to grow from USD 7.18 billion in 2022 to USD 163.83 billion by 2029. In 2021, the value of the market was USD 4.67 billion. The open access to data facilitated by blockchain technologies will be the central growth determinant for this Industry. Fortune Business Insights shares this information in its report titled "Blockchain Market Forecast, 2022-2029."
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)....



Read Full Story: https://www.globenewswire.com/news-release/2022/06/06/2456388/0/en/With-56-3-...

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