Although spot prices continues to fluctuate widely fundamentals stay more or less the same. Back in the first week of June there was a post in this group about ReportLinker’s research on blockchain in Automotive and Aerospace & Aviation Market (AAA), which provided a market value estimate for 2018 ($138 million) and predicted its growth at 60% annually during the next 10 years. Earlier in May another report from IDC came out, which anticipated $12 billion of DLT overall market size in 2022 and its ~80% growth rate. IDC named manufacturing and finance among potential leaders in implementing blockchian solutions.
Hopefully, an expanding DLT market also means that reliable market analytics will be more available in a future. As for now, however, I can’t be too picky. For example, an obscure consulting firm “Allied Market Research” or AMR (a branch of 10 years-old Portland-based “Allied Analytics” LLP) published in May-June on it site a piece named “Blockchain Supply Chain Market: Global Opportunity Analysis and Industry Forecast, 2018–2025”.
It says: “The global blockchain supply chain market size was valued at $ 93.16 million in 2017, and is projected to reach $ 9,852.91 million by 2025, growing at a CAGR of 80.2% from 2018 to 2025.” and “… the healthcare industry (will) witness highest CAGR during the study period.” This trend is explained in this report by the growing tendency for this industry “ … to constantly monitor and track the healthcare products … (to avoid) counterfeit drugs and illegal production of harmful medicines (as well as to avoid) improper stock control … “.
I’m a little suspicious how close some of AMR “findings” corresponds to those of IDC. The difference, of course, is that they tagged “healthcare” not “finance” as leaders. Nonetheless, if true this type of data might be valuable in estimating future market prospects considering that (according to the same report) “IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, AWS Inc. Huawei Accenture Plc., Auxesis Group, TIBCO Software, and BTL Group” are expected to place even more money on DLT horse.
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