Blockchain is a distributed, decentralized general ledger that can be tracked using transparent asset transaction information. The speed and transparency of transactions are the value created by blockchain for businesses since every business needs high accuracy and speed in receiving and storing information. Any information about transactions and changes in the value of assets (tangible or intangible) is immutable in the blockchain network and only authorized members of the network have access to it. The necessity of applying this technology can be seen in many industries, and increasing the investment of venture capitalists in this market can make a huge difference as soon as possible.
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Market / Industry segment of Blockchain technology
| Base Year | Market size(B$) | Duration(YEAR) | CAGR(%) | Source Name |
| 2020 | 3 | 5 | 67.30% | Market and market |
| 2019 | 0.488 | 6 | 69.00% | GMInsight |
| 2019 | 2.43 | 6 | 69.40% | Research and market |
| 2019 | 2.43 | 6 | 69.40% | PR news wire |
| 2019 | 2.01 | 8 | 56.10% | Fortune business insights |
Influencing factors that changes market size of Blockchain technology
The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of blockchain
Direct drivers:
- Number of venture capital investments
- Technology advancement
- Promoting blockchain technology in various industries
Reverse drivers:
- High cost in the early stages of launching a business
- Government control
This market may also be threatened by following risks:
In all different markets and industries, the risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment identifying risks in the market to perform risk management. The market of blockchain may also be threatened by the following risks:
- Technology risk
- Legislation risk
- Stage of business
- Funding risk
