By using this site, you agree to the IDC Privacy Policy

Apr 2018 - IDC Survey - Doc # EMEA43718918

A Look Into Blockchain Adoption Among Western European Industries

Author: Carla La Croce
Research Analyst, European Industry Solutions, Customer Insights & Analysis
On-line Presentation

Abstract

This IDC Survey analyzes vertical markets' blockchain adoption in Western Europe in 2018. It examines blockchain awareness among industries and for which purposes companies are using or planning to use this technology.

This presentation is based on the results of the IDC European Vertical Markets Survey 2017, which involved 1,967 companies with more than 10 employees in over 86% of the European economy (France, Germany, Italy, Spain, the Netherlands, the Nordics, and the U.K.).

"Despite the huge interest raised by blockchain, for many industries this technology is at its early stage. There is, indeed, a widespread need for education. Nearly 80% of companies across all vertical markets do not have a clear understanding of blockchain or its impact on their organizations. Nevertheless, many vertical markets are exerting effort to understand its applications. Among the most active industries, telecom/media, professional services, as well as healthcare, finance, and distribution have completed and moved blockchain pilots into production. Security, transparency, automating transactions, and compliance are the main drivers for blockchain investigation and adoption," said Carla La Croce, senior research analyst, IDC Customer Insights and Analysis.

The vertical markets considered are:

  • Financial services (including banking, insurance, and other finance)
  • Manufacturing (discrete and process)
  • Healthcare
  • Telecom/media
  • Utilities/oil and gas (O&G)
  • Distribution (including retail/wholesale)
  • Professional services
  • Transport/accommodation
  • Government/education

Coverage