This IDC study describes how IDC's Customer Insights and Analysis group evaluates the worldwide blockchain market opportunity, identifying top-ranking regional use cases and providing market forecasts from IDC's Worldwide Semiannual Blockchain Spending Guide. We provide worldwide use case figures for 2017–2022, analyzing the current size and future potential of implementing several key blockchain use cases and setting the forecast within the context of the broader ecosystem.
This IDC study provides a detailed description of IDC's Worldwide Semiannual Blockchain Spending Guide methodology and taxonomy. It should be used as a companion piece for IDC's Worldwide Semiannual Blockchain Spending Guide and all of IDC's worldwide industry research. Technology suppliers may utilize this approach and structure as well to help them build an industry-focused organization.
"Blockchain technology is prompting business leaders to reimagine the way the world operates," said Stacey Soohoo, research manager, IDC's Customer Insights and Analysis group. However, amid the hype and interest surrounding blockchain, enterprises must take steps to avoid the trough of disillusionment. With the momentum of the market shifting away from blockchain tourism, end users will actively partner with technology vendors, service providers, regulators, and governments to widen opportunities and expand use cases for blockchain across all sectors. At the end of the day, end users will look to blockchain technology vendors and service providers for guidance.
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