09 Feb 2025

light mode

Blockchain statistics that illustrate the value of the technology

Blockchain statistics that illustrate the value of the technology

Blockchain represents one of the most revolutionary technologies today, along with artificial intelligence and machine learning. Blockchain statistics can give an insight into its global reach and impact on various areas of life.

On this page

With its unique characteristics of decentralization, immutability, and consensus, blockchain has conquered the world. A distributed ledger technology is already deployed in the following sectors: finance, energy, retail, supply chains, medicine, and agriculture. Blockchain gave rise to Web 3.0 and metaverse concepts. 

Let's take a look at the most significant blockchain statistics that everyone interested in the technology should trace.

The future of blockchain technology

According to Markets and Markets, the global blockchain market will be worth $67.4 billion by 2026 (growing from $4.9 billion as of 2021). The market research firm estimates that the industry will experience a compound annual growth rate of 68,4% over five years.

Markets and Markets analysts believe that the main driving factors fueling blockchain's rapid growth are increased venture capital funding and widespread use of the technology in banking and security sectors.

Blockchain and the Internet of Things (IoT)

Mordor Intelligence predicts that the blockchain IoT market will grow by 40% from 2021 to 2026.

IoT is a progressive industry that is designed to improve and automate human life. The Internet of Things represents internet-connected physical objects that can exchange data and simplify human interaction. This concept includes smart objects (watches, vacuum cleaners, refrigerators, sensors, etc.), security systems, and virtual assistants. Blockchain technology will greatly facilitate the secure exchange of data between connected IoT devices. 

Blockchain in the IT sector

According to MVP, 60% of CIOs intend to integrate blockchain into their infrastructure in 2022. The data significantly differs from the results reported in 2016, 2017, and 2018. In those days, more than 50% of CIOs surveyed had no interest in blockchain technology.

Blockchain in agriculture

According to BIS Research, blockchain in agriculture will reach a value of $1.48 billion by 2026. The market research company says the technology will completely revolutionize the agriculture industry with its accuracy and improved data security. They believe that blockchain will take inventory and food production security to a new level. 

Blockchain in financial services

As of 2020, more than 30% of the total blockchain market value comes from the financial market as reported by Statista. According to the research data, the manufacturing sector accounted for 17.6%, the service sector for 14.6%, and the public sector for 4.2%. 

Increased spending on blockchain solutions

Another blockchain statistic published by Statista Research Department showed that global spending on blockchain increased from $4.5 billion to $6.6 billion in 2021. Analysts expect this figure to grow to nearly $19 billion by 2024, as more companies will use the technology to verify and secure data. 

Global GDP boost through blockchain

According to PwC, blockchain stands to boost global GDP by $1.76 trillion by 2030. Today blockchain contributes 1.4% to the global GDP, according to the company's research. 

In addition, the survey found that 61% of companies see digital transformation as a priority, with blockchain as a means to address the growing need for security and transparency.

The blockchain statistics cited in this article reveal the potential of the technology and its booming adoption in a variety of industries. At present, we can state with certainty that investments in blockchain will continue to grow, and the technology will keep advancing.

The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.

Articles by this author

Latest News

MORE
Winklevoss Twins Consider IPO for Gemini Exchange

Winklevoss Twins Consider IPO for Gemini Exchange

The Winklevoss twins, Cameron and Tyler, are reportedly considering an initial public offering (IPO) for their cryptocurrency exchange, Gemini. If successful, this move would place Gemini among the growing list of crypto companies entering public markets.

09 Feb 2025
Trump Jr. States That Crypto Is America’s Path to Global Dominance

Trump Jr. States That Crypto Is America’s Path to Global Dominance

The crypto community has taken notice of Donald Trump Jr.’s latest remarks. Speaking at the Ondo Finance Summit in New York, he asserted that cryptocurrencies will play a crucial role in maintaining America’s global economic leadership.

07 Feb 2025
Rep. Green Criticizes TRUMP Coin at Congress Hearing

Rep. Green Criticizes TRUMP Coin at Congress Hearing

On February 6, the U.S. House Financial Services Committee held a hearing entitled “Operation Choke Point 2.0: The Biden Administration’s Effort to Put Crypto in the Crosshairs.”

07 Feb 2025
NFL Rivals Expands Web3 Gaming With Super Bowl NFT Cards

NFL Rivals Expands Web3 Gaming With Super Bowl NFT Cards

NFL Rivals, the blockchain-powered football game from Mythical Games, is rolling out a special in-game event to celebrate the biggest football showdown of the year.

07 Feb 2025

Latest News Alt

MORE
Weekly Analysis of BTC, ETH, and the Stock Market (Jan 27, 2025)

Weekly Analysis of BTC, ETH, and the Stock Market (Jan 27, 2025)

An overview of BTC, ETH, XAUT, and S&P500 charts, and the current cryptocurrency market dynamics.

27 Jan 2025
Weekly Analysis of BTC, ETH, and the Stock Market (Jan 13, 2025)

Weekly Analysis of BTC, ETH, and the Stock Market (Jan 13, 2025)

An overview of BTC, ETH, XAUT, and S&P500 charts, and the current cryptocurrency market dynamics.

13 Jan 2025
Weekly Analysis of BTC, ETH, and the Stock Market (Jan 6, 2025)

Weekly Analysis of BTC, ETH, and the Stock Market (Jan 6, 2025)

An overview of BTC, ETH, XAUT, and S&P500 charts, along with the current cryptocurrency market dynamics.

06 Jan 2025

Might Be Interesting

MORE
How Blockchain Helps Combat Disinformation

How Blockchain Helps Combat Disinformation

Fake news has become a global issue, shaping public opinion, fueling social tensions, and even influencing political decisions. With the rise of social media, the spread of misinformation has accelerated, making it increasingly difficult to regulate. However, blockchain technology offers a promising solution in the fight against fake news.

07 Feb 2025
Trading Psychology: How to Avoid Falling Victim to Your Own Biases

Trading Psychology: How to Avoid Falling Victim to Your Own Biases

The most successful traders aren’t always the smartest. More often, those who excel are the ones who understand psychological traps, manage their emotions, and maintain rationality under pressure.

03 Feb 2025
Liquidity Pools — The Engine Driving DeFi

Liquidity Pools — The Engine Driving DeFi

Liquidity pools fuel DeFi by enabling instant token swaps, but what exactly are they? These crowdsourced reserves make decentralized trading possible—but they also come with risks. Here’s what you need to know before diving in.

31 Jan 2025
Bitcoin Name Service — Making Web3 Addresses Easier to Read

Bitcoin Name Service — Making Web3 Addresses Easier to Read

As the Bitcoin blockchain evolves, new opportunities are emerging for users to interact with DEX technologies. One of the major advancements is the Bitcoin Name Service (BNS)—a protocol that replaces complex web3 addresses with names that are easy for humans to understand.

29 Jan 2025
How to Withdraw Bitcoin from PayPal: A Step-by-Step Guide

How to Withdraw Bitcoin from PayPal: A Step-by-Step Guide

PayPal is one of the most popular online payment platforms. In 2022, it introduced features that allow users to transact with cryptocurrencies, including Bitcoin (BTC). However, withdrawing crypto from PayPal is not as straightforward as transferring fiat funds. This guide will walk you through the process of withdrawing Bitcoin from PayPal.

29 Jan 2025
Crypto Wallet Backups: Are You Truly Ready for Self-Custody?

Crypto Wallet Backups: Are You Truly Ready for Self-Custody?

Being your own bank is one of the great perks of crypto. It’s perfect for those who want extra security or believe in decentralization. But self-custody isn’t exactly a walk in the park – you’ve got to master the art of backups because you’re the only one responsible for your assets.

28 Jan 2025

Opinions

Super Bowl Bets Under Fire: CFTC Probes Kalshi and Crypto.com

Super Bowl Bets Under Fire: CFTC Probes Kalshi and Crypto.com

The Super Bowl, the largest sporting event in the US, has more to it than just the competition. The exciting show and, of course, commercials and bets are a big part of it, too. The winner will become known as early as tomorrow. Not everything always goes smoothly, though.

08 Feb 2025
Arthur Hayes — Is Trump’s Crypto Policy Setting a Trap?

Arthur Hayes — Is Trump’s Crypto Policy Setting a Trap?

Arthur Hayes, in The Genie, argues that Trump’s crypto agenda might not be what it seems. Could regulatory changes lead to unexpected consequences? Read our full breakdown.

07 Feb 2025
MORE

Interviews

“Satoshi is CIA”: Swedish crypto bro opens up about his Bitcoin journey

“Satoshi is CIA”: Swedish crypto bro opens up about his Bitcoin journey

The first crypto craze took place almost a decade ago. Overnight, many people found out about Bitcoin and its underlying technology, blockchain.

31 Jan 2025
Dmytro Gordon and Volodymyr Nosov: A Sensational Interview

Dmytro Gordon and Volodymyr Nosov: A Sensational Interview

Volodymyr Nosov, CEO of Europe’s largest crypto exchange WhiteBIT, sat down with Dmytro Gordon, one of Ukraine’s most prominent journalists. The interview touched on Bitcoin, crypto, WhiteBIT, cars, keys to success, and business vision.

18 Dec 2024
MORE