GITNUX MARKETDATA REPORT 2024

Blockchain Technology Industry Statistics

The global blockchain technology industry is expected to grow at a CAGR of 67.3% from 2021 to 2026, reaching a market size of $39.7 billion by 2026.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore a comprehensive collection of statistics related to the blockchain technology industry. From global spending projections to sector-specific insights, these statistics paint a vivid picture of the current landscape and future potential of blockchain technology. Let’s dive into the numbers that are shaping the industry’s trajectory.

Statistic 1

"Global spending on blockchain solutions is expected to reach $15.9 billion by 2023."

Statistic 2

"Blockchain's global market size was valued at $3.67 billion in 2020 and is likely to reach $69.04 billion by 2027."

Statistic 3

"North America held the largest share of the blockchain technology market in 2018, with about 40% of the total share."

Statistic 4

"The average investments in blockchain projects in 2017 was $1 million."

Statistic 5

"84% of companies globally are involved with blockchain technology in some capacity."

Statistic 6

"90% of major North American and European banks are exploring blockchain solutions."

Statistic 7

"The financial sector has been the leading industry in terms of blockchain spending, with a forecast spending of $1.1 billion in 2020."

Statistic 8

"46% of large businesses are exploring blockchain technology with pilot programs."

Statistic 9

"Blockchain can reduce 30% of banks' infrastructure costs."

Statistic 10

"Blockchain in the energy market is expected to reach approximately $11,110.1 million by 2026."

Statistic 11

"Different industries expect to invest $2.9 billion on blockchain by the end of 2019."

Statistic 12

"Around 77% of financial sector incumbents expect to adopt blockchain as part of an in-production system or process by 2020."

Statistic 13

"14% of blockchain initiatives launched in the past three years are now live."

Statistic 14

"Blockchain increased trade accuracy by 27% and reduced settlement costs by 21%."

Statistic 15

"23% of global data centers will be using blockchain services by 2020."

Statistic 16

"The number of blockchain wallet users reached over 59 million in 2020."

Statistic 17

"82% of Fortune 100 companies have explored using blockchain technology."

Statistic 18

"The blockchain devices market is expected to grow from $218 million in 2019 to $23.5 billion in 2030."

Statistic 19

"More than 40% of respondents in a Deloitte survey said they plan to spend $5 million or more on blockchain technology in the coming year."

In conclusion, the statistics presented clearly reflect the significant growth and adoption of blockchain technology across various industries. The data highlights the substantial financial investments being made in blockchain solutions, the widespread involvement of companies and banks in exploring blockchain applications, and the tangible benefits such as cost reduction and increased efficiency that blockchain offers. These trends indicate a promising future for blockchain technology, with expanding market sizes, increasing numbers of users, and a diverse range of industries leveraging its capabilities for enhanced operations and innovation.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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