Blockchain supply chain could reach $ 9 billion in 2025
The consulting and market research firm, Allied Market Research (AMR), published a report that reveals that the Blockchain supply chain could reach $ 9 billion by 2025.
On July 8, the AMR firm published a report where the global market for the Blockchain supply chain is expected to amount to a few thousand dollars by 2025, more exactly about 9,850 million dollars. This increase represents 80.2% of the compound annual growth rate from 2018 to 2025.
The funds are expected to come mainly from the retail sector in this period of time, although the health industry is supposed to see the highest annual compound growth rate (CAGR) during the projected period. These industries are followed by manufacturing, food and beverages, and oil and gas as the main contributors to the blockchain supply chain market.
From a geographical point of view, AMR considers that North America is the most advanced region in terms of infrastructure and technology, while it is expected to record the highest growth in the Asia Pacific region during the mentioned period.
As the Asia Pacific region is a truly strategic area when talking about issues such as Blockchain and cryptocurrencies, in addition to having extraordinary potential to exploit these technologies, many organizations are trying to boost innovation that revolves around encryption in this area.
Although AMR assured that the 9 billion dollars would be achieved by 2025, without the collaboration of these "strategic zones" that goal really becomes a rather complicated one to achieve.
However, it is important to also specify the good news; And if the report foresees these results, it only means that the popularity of this technology and the confidence in its potential has increased.
Another important point is that AMR is not the only research company, there are others, such as Reportlinker, a market research project, which have also published similar results in their research, where they predict that the Blockchain market in the automotive and aerospace fields will exceed the 20 billion dollars by 2029.
