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The blockchain market is growing: where, how much and how data centers should act
2018-08-22T18:15:35.531Z22 August 2018

The blockchain market is growing: where, how much and how data centers should act

By 2020, global expenses on blockchain solutions will exceed $ 9.7 billion, IDC predicts. For the period from 2017 to 2020 the average annual growth in costs (CAGR) will reach 73.2%. This year, total costs will double by 2017 and overcome the $ 1.5 billion mark. The region with the most significant investments in blockchain (more than 36% of total) will be the United States and will have the largest share of investments in this sector (more third of the world figure). Western Europe, China and the Asia-Pacific region will be come next.

In 2018, the financial sector has spent the most on technologies that are using the blockchain. Production and extraction of resources will spend not less than $ 334 million related to blockchain technologies, substantially stimulating the direction of discrete and technological productions. The study indicates that blockchain technologies can significantly transform asset management mechanisms, provide much-needed transparency in the supply of goods and services, and also revolutionize logistics.

This data show that, in comparison with IoT, the blockchain is still in the phase of rapid growth and has not reached the stage of maturity. Owners of data centers should think about how to reorganize the infrastructure and supply solutions for this service. It is also necessary to take into account the fact that new technologies are always an increased risk.

It is noteworthy that while IDC experts forecast the rapid development of the market for blockchain solutions, their colleagues from Gartner recently published a study that says that the demand for this technology is weak among companies. 77% of the CIOs surveyed said they had no interest in the blockchain. 43% of respondents do not plan to carry out any work and research in this area, although they follow the news on the market.



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