Blockchain messaging applications value to skyrocket by 2030 with the Asia Pacific region leading the way.
as the technology becomes more accessible, with some use cases, such as blockchain-based messaging applications, on the cusp of mass adoption.
According to a new report from Grand View Research, the global blockchain messaging application market size is forecasted to hit a valuation of $536.5 million by 2030. The report, released on Feb 1. highlights this as a 43.6% compound annual growth rate in the seven-year timespan. In 2021, the market valuation for blockchain messaging applications was around $22.2 million. At that time, North America dominated the market and accounted for the largest share, with over 29% of the global revenue.
However, during the forecast period, the Asia Pacific region is projected to register rapid growth in the blockchain messaging application market. The report highlights increased concerns over privacy and security as primary reasons users adopt blockchain-based messaging apps over traditional messaging platforms. Blockchain messaging is typically encrypted end-to-end, with no service provider necessary to deliver a message.
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