The largest tech companies in the North American region are predicted to have an immense CAGR of the blockchain market by 2028.
As the top tech industry giants in NA are seemingly at the forefront of building a solid blockchain framework due to the region's immense resources and technological development, experts say that by 2028 North Americans will have a blockchain market size valued at more than $104 billion.
According to the report by Fortune Business Insights, which is a market research company that offers analysis and predictions on global businesses, the compound annual growth rate (CAGR) of the blockchain market in North America will go far beyond where it is at now.
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The analysis paper predicts NA's CAGR, during the period from 2021 to 2028, going up by 55.8%, and reaching $104.19B. In comparison, North America's blockchain market size in 2020 was valued at $3.06B, which would be just shy of a hundredfold increase.
Likewise, American tech industry giants like Microsoft, Amazon, IBM, Intel, Oracle, etc. were profiled in the report, because they will most likely be the main driving forces for the blockchain market growth.
Not only that, the demand for software solutions, financing platforms, and, obviously, digital assets, as a result of the pandemic, has pushed most of these companies to move towards building up their blockchain technologies.
However, if blockchain services were to be implemented into the industry, there would be a need for cybersecurity and data management resources, so the blockchain market has the proper safety measures to be operating as an official substitute, or upgrade, for contemporary financial and technological solutions.
With tech giants like Amazon and Microsoft leading the charge, there is a fair chance that the forecast may turn out to be true. However, the regulatory side of digital assets is still unclear due to the indecision of the SEC and the government of the United States.
