Blockchain Market Landscape Market Growth and Investment
Posted: Wed Dec 18, 2024 8:39 am
The global trend in blockchain patent filings has been declining since 2019, when it peaked. The number of filings has been steadily declining since its peak. Even nations like South Korea, which has been active in the blockchain patent sector, are not immune to this decline. The number of filings in the country has dropped significantly, with only one double filing for 2023, down from around 300 the previous year.
The blockchain market is developing at a phenomenal rate, with strong growth indicators across the board. By 2024, global blockchain spending is expected to grow at a compound annual growth rate (CAGR) of 46.40%, indicatin canadian phone number list rapid adoption and investment in this technology. This spike in investment and research reflects widespread recognition of blockchain's effectiveness, security, and revolutionary potential across a number of industries.
Regional and Forecast Contributions North America played a major role in this growth, accounting for 46.00% of the global blockchain industry growth. This significant participation reflects the region’s strategic commitment to adopting and utilizing blockchain technology in its digital transformation goals. Blockchain's economic impact is huge, with forecasts of a $1.76 trillion increase in global GDP by 2030.
The blockchain market is developing at a phenomenal rate, with strong growth indicators across the board. By 2024, global blockchain spending is expected to grow at a compound annual growth rate (CAGR) of 46.40%, indicatin canadian phone number list rapid adoption and investment in this technology. This spike in investment and research reflects widespread recognition of blockchain's effectiveness, security, and revolutionary potential across a number of industries.
Regional and Forecast Contributions North America played a major role in this growth, accounting for 46.00% of the global blockchain industry growth. This significant participation reflects the region’s strategic commitment to adopting and utilizing blockchain technology in its digital transformation goals. Blockchain's economic impact is huge, with forecasts of a $1.76 trillion increase in global GDP by 2030.