According to the latest research results of the market research platform MarketsandMarkets, the global blockchain market size will reach 7.4 billion US dollars in 2022.
By the end of 2027, the blockchain industry is expected to generate $94 billion in revenue.
If these findings are accurate, the compound annual growth rate from 2022 to 2027 will be 66%.
Paul Brody, global blockchain leader at Ernst & Young (EY), said he believes the Ethereum network will drive the greatest future growth in the enterprise blockchain market.