Global Blockchain Market is expected to grow from USD 1.59 billion in 2019, to reach USD 201.01 bill

The Global Blockchain Market is expected to grow from USD 1.59 billion in 2019, to reach USD 201.01 billion by 2028, growing at a CAGR of 71.1% during the forecast period. Increasing demand for this technology across financial services, consumer and industrial products, technology, media and telecommunications, healthcare, transport, and government sectors is expected to drive the blockchain market during the forecast period.

Key Factors Impacting the Growth of Blockchain Market:
o Increasing the use of internet-based banking across the globe.
o Acceptance of blockchain technologies by various industries.
o Encrypted business transactions with a swift settlement period.
o Favorable government programs towards realizing the cashless economy.

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