Worldwide spending on blockchain solutions is forecast to reach $11.7 billion in 2022, according to a new update to the Worldwide Semiannual Blockchain Spending Guide from International Data Corporation.
IDC sees blockchain spending increasing throughout the 2017-2022 forecast period, with a five-year compound annual growth rate of 73.2 percent. Worldwide blockchain spending is expected to be $1.5 billion in 2018, double the amount spent in 2017, according to the report.
The biggest spender? The U.S. States will see the largest blockchain investments and deliver more than 36 percent of worldwide spending throughout the forecast period, says IDC, followed by Western Europe and China. Read more here.