DApps Market Size Worth USD 368.25 Billion by 2027

Marcuselenia03 Jun, 2021News

Market Size ? USD 10.52 billion in 2019, Market Growth - CAGR of 56.1%, Market Trends ? Rise of demand for online payment and wallets, smart contacts, and online gambling. The global DApps Market is forecasted to reach USD 368.25 Billion by 2027, according to a new report by Emergen Research. The DApps market is anticipated to expand significantly due to the growing rate of online gambling along with the need for a peer-peer transaction to reduce the chances of online payment breakdowns. The continual adoption of advanced technology and IoT based applications among the users is augmenting the market growth. Moreover, DApps is an open-source application, which means to build this application, developers are not required to take permission from any authority. Besides, the cost-effective development charges to build a decentralized application are also stimulating the overall market growth.