2017 Blockchain

Spending Highlights
Source: IDC’s Worldwide Semiannual Blockchain Spending Guide

Total Worldwide Spend: $945.3M

Fastest Growing Use Cases 5 Year CAGR

86%
Warranty
The three fastest growing use cases for blockchain Claims
– warranty claims, lot lineage/provenance, and 84%
equipment & service/parts management – are
Lot Lineage/
found in both the manufacturing and distribution Provenance
sectors. Applications surrounding complex,
83%
multi-party transactions/processes or intermedi-
Equipment &
aries demonstrate the largest benefits of imple- Service/
menting a blockchain solution. As such, these use Parts
cases are helping to improve efficiencies and drive Management
the digitization and automation of the supply
chain process.

Top Industries

1 2 3
Financial, manufacturing, and distribution
sectors are rife with potential use cases, with
many companies looking to transition from a
proof of concept (POC) environment to full
blockchain deployments in the near future. $234M $98M $75M
Professional services, discrete manufacturing
and resource industries are the most aggressive
investors in blockchain.

Banking Discrete Process

Manufacturing Manufacturing

Top Regions

China 8%
The USA is the largest region for blockchain,
primarily driven by strong spending trends in
banking, discrete manufacturing, and process
manufacturing. In other regions, large banking
institutions are forging ahead with blockchain
projects surrounding applications such as
cross-border payments.
W. Europe USA

48%
21%

About IDC Spending Guides

IDC’s Spending Guides are a strategic tool designed to help technology vendors determine user need and pinpoint future opportunities by location, technology,
industry, and use case. They can help with sales enablement, strategic planning and benchmarking your company against the market.
Contact cia@idc.com with questions or inquiries or to request a look at the query tool.

Learn more about this 3rd Platform Spending Guide at: idc.com/customerinsights