Blockchain-Based Enterprise Apps to Generate $19.9 Billion of Revenue in 2025, Tractica Forecasts
Annual revenue from blockchain-based enterprise applications will increase to $19.9 billion by 2025, Tractica said Wednesday in a report. Annual revenue from such applications is set to top out at $2.5 billion at the end of this year, Tractica said.…
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Much of the increase will come from North America, which will contribute about $10 billion to blockchain enterprise app sales in 2025, Tractica said. Blockchain “is enjoying a blossoming beyond cryptocurrency and the transfer of money, to an architecture able to support many types of transactions, from logging an event, to signing a document, to voting, to allocating energy between parties, and far beyond,” said analyst Jessica Groopman in a news release. Blockchain startups have received more than $1 billion in investment over the past year, “but through the fog of hype lies the sobering reality that this is a market of extreme nascence and fragmentation,” Groopman said. “Despite significant hurdles, however, blockchain has the potential to impact a wide variety of industries.”