US blockchain market to hit $41 billion spending by 2025

Blockchain and cryptocurrency sphere has a better presence in the United States than most people believe and the newly released report suggests that the blockchain market alone would surpass forty-one billion dollars ($41b) in the expenditure by the year 2025.

The report that has been released by the market data, research, and publication company Research and Markets cover eleven distinct areas where blockchain is rapidly increasing its use. The report is titled “United States Blockchain Business Opportunities and Outlook Databook (2016-2025).”

The report suggests that the blockchain industry would be expanding at a staggering rate of forty-four and a half percent (44.5%) thus leading the expenditure to raise form three billion dollars ($3.1bn) to over forty-one.

The company has studied over seventy areas in various markets divided into eleven industrial sectors of the United States. The country is leading the global blockchain scenario as per other reports as well. Despite the facts been way ahead of what has been predicting so far, the country is expected to continue leading the industry.

According to the International Data Corporation report the country is said to lead the world with at least a billion dollars in spending. Western Europe is expected to spend six hundred and seventy-four million ($674m), and China expected to spend three hundred and nineteen million dollars ($319m) in the near future.