III. Industry Analysis

• The global blockchain industry is streamlining its way to advancement. Authorities' strong support for service providers throughout digitization has clearly helped the service providers as well as the users.
• Revenue in the digital assets segment is projected to reach $46,240 million in 2023 and is expected to show an annual growth rate (CAGR 2023-2027) of 15.07% resulting in a projected total amount of $81,080 million by 2027.¹
• The acceptance and legalization of cryptocurrencies serve as catalysts for increased investments in blockchain technology by businesses and investors.

• The blockchain in infrastructure market size is estimated to reach $725.2 million by 2026, growing at a CAGR of 45.6% from 2021 to 2026.²
• The global market for blockchain technology reached a valuation of $10.02 billion in 2022 and is projected to experience a substantial CAGR of 87.7% from 2023 to 2030.³
• The infrastructure and protocols segment dominated the market in 2022 and accounted for more than 61% share of the global revenue.⁴
• The US is home to a large number of high-net-worth individuals and institutional investors, providing significant investment opportunities for cryptocurrency businesses.

1.https://www.statista.com/outlook/dmo/fintech/digital-assets/worldwide
2.https://www.industryarc.com/Report/18532/blockchain-in-infrastructure-market-research-report.html
3.https://www.grandviewresearch.com/industry-analysis/blockchain-technology-market#:~:text=Report%20Overview,funding%20in%20blockchain%20technology%20companies.
4.https://www.grandviewresearch.com/industry-analysis/blockchain-technology-market#:~:text=Report%20Overview,funding%20in%20blockchain%20technology%20companies.