Blockchain Market size is expected to cross USD 16 billion marks by 2024; the increasing investment by the venture capitalists in the blockchain technology is a significant factor propelling the market growth. In 2017, approximately USD 1 billion was invested in blockchain start-ups with more than 185 deals across the globe has been witnessed. The Indian blockchain technology market is projected to grow at a CAGR of 58% during 2018-24 indicating great opportunities in the coming future.
The blockchain market is driven by the growing adoption of the technology by financial institutions and is disrupting the financial industry by modifying the business operations and developing new business models.
The trends and innovations that will shape the technology industry over the next several years came into sharper focus in 2018. Cloud computing has gone mainstream for many enterprises, and the Internet of Things (IoT) is changing how both industrial and consumer-oriented companies do business. Drones and autonomous vehicles, blockchain, augmented and virtual reality, increasingly sophisticated digital assistants, machine learning (artificial intelligence, or AI) — the list of technological megatrends keep growing.