IHS Markit analyzed blockchain and found the technology alongside 5G as immature with the lowest readiness scores. Other technologies considered were artificial intelligence (AI), internet of things (IoT), cloud & virtualization and video everywhere. Nonetheless, the analysts are very bullish about blockchain predicting a $2 trillion market by 2030.
This compares to
Gartner’s blockchain forecast of $3 trillion by the same date. IDC estimated 2018
enterprise blockchain spending was $1.5 billion. It makes shorter range forecasts and predicts $12.4 billion by 2022.
IHS Markit sees the low readiness scores as an indicator that blockchain may not yet be ready for adoption. But blockchain scored highly in terms of how influential it could become in six industries including automotive, healthcare, and manufacturing.
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