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Western European Blockchain Spending Forecast, 2017–2021

Western European Blockchain Spending Forecast, 2017–2021

This IDC study is based on IDC's Worldwide Semiannual Blockchain Spending Guide, and provides a detailed blockchain market forecast breakdown by technology and industry. It describes the key drivers and market dynamics that characterize blockchain. "Interest in blockchain is driven by the multiple applications this technology lends itself to. In 2017, many companies across a wide range of industries started to understand the feasibility, sustainability, and potential deployment of blockchain, but 2018 can be defined as the year of blockchain," said Carla La Croce, senior research analyst, IDC European Industry Solutions, Customer Insight and Analysis. "Blockchain is a great opportunity for many companies to transform inefficient processes into efficient and secure ones. In particular, blockchain is seen as a broad digital transformation [DX] enabler that can empower new business outcomes."


IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Technology View
Hardware
Software
Services
Industry View
Financial Services
Manufacturing
Retail
Professional Services and Media
Utilities
Public Sector
Market Context
Drivers and Inhibitors
Drivers
Digital Transformation Investments and New Business Opportunities
Privacy, Compliance, and Security
Inhibitors
Cost and Business Case Uncertainty
Relevance Misconception
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
Related Research

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