Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. GlobalData Plc
  6. News
  7. Summary
    DATA   GB00B87ZTG26


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

GlobalData : Global blockchain platform and services market will be worth $199bn by 2030, says GlobalData

06/16/2021 | 01:26pm EDT
16 Jun 2021
Global blockchain platform and services market will be worth $199bn by 2030, says GlobalData
Posted in Thematic Research

Revenue from blockchain platforms and services is expected to rise from $4bn in 2020 to a huge $199bn by 2030 as businesses seeking to accelerate digital transformation and development spend big on blockchain, says GlobalData, a leading data and analytics company.

Last year, GlobalData noted that businesses must make targeted, tactical digital transformation for companies to survive in the new world. However, the adoption of blockchain has lagged behind that of other emerging technologies. GlobalData's latest report, 'Thematic Research: Blockchain', notes that while blockchain has come a long way in recent years, it remains a nascent technology.

Nicklas Nilsson, Senior Analyst for Thematic Research at GlobalData, comments: 'It is easy to forget that blockchain has not been around for long due to the massive hype surrounding it. Businesses have been busy showboating the technology in lackluster and short-lived experiments in the last few years. Now this has given way to use cases focused on addressing actual problems, rather than just showing off, the technology can begin to rise to its true potential.'

Nilsson adds: 'Blockchain as a service holds the key to driving mainstream adoption of blockchain technology. It allows companies to experiment with blockchain applications without worrying about developing expensive in-house resources. Integrating blockchain into core technologies facilitates ease of use, making it a more attractive option for digital transformation efforts.'

The adoption of blockchain has lagged behind that of other emerging technologies. The reason is that few understand the technology.

Nilsson adds: 'Unless blockchain is simplified and perceived as a solution that can provide tangible benefits, it risks being left behind. Blockchain vendors need to take a more business-oriented approach to educate executives about the benefits of the technology. Blockchain projects with a clear business use case and measurable outcomes are more likely to be adopted. Good examples would be IBM's Food Trust network, the trade finance consortium eTradeConnect managed by the Hong Kong Monetary Authority, and the logistics and supply chain consortium TradeLens initiated by Maersk. COVID-19 has accelerated digital transformation, but executives face an abundance of technologies and must assess differing priorities.'

Not all blockchain projects are created equal. While enterprise blockchain projects are slowly moving past the hype, focusing on integration, tangible benefits, and addressing the shortcomings of the technology, the more decentralized world of blockchain continues to dream big. Buzzwords such as decentralized finance (DeFi), non-fungible tokens (NFTs) and decentralized digital identities (DIDs) frequently attract headlines.

Nilsson concludes: 'Although these buzzwords are all awash with hype and far from mainstream adoption, they come with a powerful value proposition and a desire to transform core market infrastructure.'


GlobalData plc published this content on 16 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2021 17:25:09 UTC.

© Publicnow 2021
All news about GLOBALDATA PLC
04:49aGLOBALDATA : Early-stage funding rounds account for over 68% of Asia-Pacific VC ..
04:49aGLOBALDATA : Lam Research ramps up hires in Malaysia, focuses on manufacturing, ..
07/29GLOBALDATA : US COVID-19 testing shouldn't overshadow testing for other diseases..
07/29GLOBALDATA : Hungary unlikely to meet its Zrínyi 2026 spending target due to eco..
07/29GLOBALDATA : Automakers collaborate to lead all-inclusive electrification in Jap..
07/29GLOBALDATA : Venture capital investors continue to bet big on low value deals in..
07/29GLOBALDATA : 5G to drive mobile services market in China through 2026, forecasts..
07/28GLOBALDATA : BTS and fast food craze boosts McDonald's H1 earnings, says GlobalD..
07/28GLOBALDATA : Urban air mobility solutions will revolutionize mobility industry, ..
07/28GLOBALDATA : Cleary Gottlieb Steen & Hamilton and Watson Farley & Williams were ..
More news
Sales 2021 191 M 267 M 267 M
Net income 2021 28,6 M 39,9 M 39,9 M
Net Debt 2021 40,8 M 56,9 M 56,9 M
P/E ratio 2021 69,0x
Yield 2021 1,10%
Capitalization 1 947 M 2 719 M 2 717 M
EV / Sales 2021 10,4x
EV / Sales 2022 9,71x
Nbr of Employees 3 472
Free-Float 30,8%
Duration : Period :
GlobalData Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GLOBALDATA PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 5
Last Close Price 1 650,00 GBX
Average target price 1 586,25 GBX
Spread / Average Target -3,86%
EPS Revisions
Managers and Directors
Michael Thomas Danson Chief Executive Officer & Director
Graham Charles Lilley Chief Financial Officer, Secretary & Director
Murray Legg Independent Non-Executive Chairman
Peter Martin Harkness Independent Non-Executive Director
Catherine Birkett Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
S&P GLOBAL INC.28.85%102 032
RELX PLC17.15%56 536
MSCI INC.33.20%49 033
EQUIFAX INC.35.14%31 752