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IDC predicts that the scale of China's blockchain market is expected to exceed US $2.5 billion in 2024

Time : 27/01/2022 Author : sn27fa Click : + -
        Venture state learned that IDC predicted in its "V1 global blockchain spending guide in 2021" that the global blockchain market would reach US $18.95 billion in 2024 and achieve a compound growth rate of about 48.0% in the five-year forecast period (2020-2024). With the dual advantages of the effective containment of the epidemic and policy support, IDC is relatively optimistic about the market development trend of China's blockchain in the next five years. IDC predicts that the scale of China's blockchain market is expected to exceed US $2.5 billion in 2024, and the five-year forecast data will increase by about 5% - 10% compared with the previous period, and basically return to the pre epidemic level.
 
        According to the latest forecast, the average annual compound growth rate (CAGR) of China's blockchain market size in five years will reach 54.6%, ranking the first in the world, and the market size (as a single country) is expected to remain the second in the world within the five-year forecast period.
 
        
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