IDC blockchain spending predictions overshadowed by startups

In the latest blockchain spending forecast from IDC, the company expects enterprise spending to reach $1.5 billion this year and $11.7 billion by 2022. The 2018 figures will represent 100% growth over 2017. These figures represent a massive increase compared to IDC’s initial forecast at the end of January. At that stage, IDC predicted 2018 spending would reach $570m.

Startup investment comparison

Although the numbers seem substantial, they’re small relative to the amount of money going into startups. IDC didn’t make the enterprise to startup comparison.

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