Software

Blockchain technology market to reach $71B by 2028

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March 31, 2023

The blockchain technology market will reach $71 billion by 2028, according to research from ResearchandMarkets.com. It will grow at a compound annual growth rate of 67.4% from 2023 to 2028, according to a press release.

Blockchain technologies will help deliver data decentralization, data usage control and security solutions. The majority of revenue will come from blockchain-as-a-service, cloud computing and systems integration.

Hybrid/consortium blockchains will be the largest market in North America, with a value of $8.1 billion by 2028, according to the release.