Express

Blockchain Market Expected To Grow By A CAGR Of 77.32%

Ramsey Baker

Summary: Blockchain as a service market is expected to grow at a compund annual growth rate (CAGR) of 77.32%, taking blockchain's market value of $268.517 million in 2018 to $8.346 billion by 2024, according to Business Wire. One of the main reasons for this rapid growth predictions is because of cloud computing. With cloud computing’s growing ...

Blockchain as a service market is expected to grow at a compund annual growth rate (CAGR) of 77.32%, taking blockchain's market value of $268.517 million in 2018 to $8.346 billion by 2024, according to Business Wire.

One of the main reasons for this rapid growth predictions is because of cloud computing. With cloud computing’s growing scalability and decreasing cost of bandwidth, businesses are looking for ways to improve their focus towards their core business and reduce business risks while increasing their margins by significantly cutting down on high upfront charges linked with executing a solution. This provides the perfect opportunity for blockchain to increase adoption, therefore boosting the growth of the market.

By Ramsey Baker

Last Update:

Tags: ,,
Link: Blockchain Market Expected To Grow By A CAGR Of 77.32%   [Copy]
Next:

Related Articles

  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 20 hours ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 12 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 13 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 15 days ago
  • BTC Weekly: Momentum Top Divergence Signals Potential Shift Lower 15 days ago

    • You need to login to comment.