Worldwide Spending on Blockchain Forecast to Reach $11.7 Billion in 2023, According to New IDC Spending Guide.
FRAMINGHAM, Mass., July 19, 2018 – Worldwide spending on blockchain solutions is forecast to reach $11.7 billion in 2023, according to a new update to the Worldwide Semiannual Blockchain Spending Guide from International Data Corporation (IDC). IDC expects blockchain spending to grow at a robust pace throughout the 2017-2023 forecast period with a five-year compound annual growth rate (CAGR) of 73.2%. Worldwide blockchain spending is expected to be $1.5 billion in 2018, double the amount spent in 2017.
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