Blockchain technology is forecast to increase to nearly 1,000 trillion U.S. dollars by 2032, but this was lower than in a previous forecast. This is according to a market research forecast, focusing on blockchain with cloud applications for specific business segments. The numbers do not include decentralized applications such as blockchain gaming. Originally, a forecast from June 2022 predicted "blockchain technology" would reach 1,235 billion U.S. dollars by 2030, at a CAGR of 82.8 percent. A newer forecast from December 2023 predicts a value of 943 billion U.S. dollars in 2032 with a CAGR of 56.1 percent. The source does not explain this difference.
Blockchain technology cloud market size worldwide in 2021, with a forecast for 2030
(in billion U.S. dollars)
The figures have been gathered by Statista from different publications; See the "Details" tab for more information about the "blockchain technology" definition
Supplementary notes
The source does not explain its definition of "blockchain technology". Instead, it mentions it focuses on cloud applications and investigates blockchain within end-use markets such as government, healthcare, financial services, media, retail, logistics, and travel. This likely means that blockchain gaming or other decentralized services such as Decentralized Finance (DeFi) are not included in the figures shown.
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Polaris Market Research, & Statista. (December 31, 2023). Blockchain technology cloud market size worldwide in 2021, with a forecast for 2030 (in billion U.S. dollars) [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/1319369/global-blockchain-technology-market-size/
Polaris Market Research, und Statista. "Blockchain technology cloud market size worldwide in 2021, with a forecast for 2030 (in billion U.S. dollars)." Chart. December 31, 2023. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/1319369/global-blockchain-technology-market-size/
Polaris Market Research, Statista. (2023). Blockchain technology cloud market size worldwide in 2021, with a forecast for 2030 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/1319369/global-blockchain-technology-market-size/
Polaris Market Research, and Statista. "Blockchain Technology Cloud Market Size Worldwide in 2021, with a Forecast for 2030 (in Billion U.S. Dollars)." Statista, Statista Inc., 31 Dec 2023, https://www.statista.com/statistics/1319369/global-blockchain-technology-market-size/
Polaris Market Research & Statista, Blockchain technology cloud market size worldwide in 2021, with a forecast for 2030 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1319369/global-blockchain-technology-market-size/ (last visited October 31, 2024)
Blockchain technology cloud market size worldwide in 2021, with a forecast for 2030 (in billion U.S. dollars) [Graph], Polaris Market Research, & Statista, December 31, 2023. [Online]. Available: https://www.statista.com/statistics/1319369/global-blockchain-technology-market-size/
