Blockchain Technology Market Worth $1,431.54 Billion By 2030
Blockchain Technology Industry Overview The global blockchain technology market size was valued at USD 5.92 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 85.9% from 2022 to 2030. The market growth can be attributed to the increasing venture capital funding in blockchain technology companies. For instance, in May 2021, Circle Internet Financial Ltd., a blockchain technology provider, announced that it raised USD 440 million in funding from strategic and institutional investors. The company used this funding for organizational development and market expansion. The legalization of cryptocurrency in countries, such as Ukraine and El Salvador, is expected to create new opportunities for market growth. Gather more insights about the market drivers, restrains and growth of the Global Blockchain Technology Market The legalization of cryptocurrency encourages businesses and investors to invest more in blockchain technology. Furthermore, it also enc...