Global blockchain technology cloud market size 2021, with a 2032 forecast

Published by
Raynor de Best,
May 21, 2024

Blockchain technology is forecast to increase to nearly 1,000 trillion U.S. dollars by 2032, but this was lower than in a previous forecast. This is according to a market research forecast, focusing on blockchain with cloud applications for specific business segments. The numbers do not include decentralized applications such as blockchain gaming. Originally, a forecast from June 2022 predicted "blockchain technology" would reach 1,235 billion U.S. dollars by 2030, at a CAGR of 82.8 percent. A newer forecast from December 2023 predicts a value of 943 billion U.S. dollars in 2032 with a CAGR of 56.1 percent. The source does not explain this difference. 

Blockchain technology cloud market size worldwide in 2021, with a forecast for 2030 (in billion U.S. dollars)

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Release date

December 2023

Region

Worldwide

Survey time period

June 2022 and December 2023

Special properties

The figures have been gathered by Statista from different publications; See the "Details" tab for more information about the "blockchain technology" definition

Supplementary notes

The source does not explain its definition of "blockchain technology". Instead, it mentions it focuses on cloud applications and investigates blockchain within end-use markets such as government, healthcare, financial services, media, retail, logistics, and travel. This likely means that blockchain gaming or other decentralized services such as Decentralized Finance (DeFi) are not included in the figures shown.

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