23 Blockchain Statistics [2022]: Market Size + Trends

Research Summary. Blockchain technology is here to stay, and companies and individuals alike are starting to embrace it. Here are some key statistics about blockchain and cryptocurrency:

• Worldwide spending on blockchain solutions amounted to $6.6 billion in 2021.

• It’s projected that companies will spend almost $19 billion on blockchain technology in 2024.

• Over 300 million people, or 3.9% of the global population, use blockchain for cryptocurrency.

• 90% of U.S., Canadian and European banks have started exploring blockchain technology.

• There are over 82 million Bitcoin wallets in the world.

For further analysis, we broke down the data in the following ways:
Projections | Corporate Adoption | Users | Industry

General Blockchain Statistics

• The global blockchain technology market is expected to see a CAGR of 85.9% from 2022 to 2030.

• The financial services industry accounted for over 38% of the global blockchain technology market’s revenue in 2021 – by far the most of any industry.

• The U.S. is estimated to have accounted for over 36% of worldwide spending on blockchain technology from 2017 to 2022.

• 59% of senior business executives in the U.S. say they have little or no knowledge about blockchain technology.

Blockchain Statistics by Projections

• By 2022, global spending on blockchain solutions is projected to reach $11.7 billion.

  If this ends up being true, this would mean that spending on blockchain saw a CAGR of 73.2% from 2017 to 2022 (spending was only about $750 million in 2017).

• The process manufacturing industry’s blockchain spending is projected to have the largest CAGR of any industry from 2017 to 2022.

  This industry’s blockchain expenditures are expected to grow by a CAGR of 78.8% from 2017 to 2022, while the professional services industry’s blockchain spending is expected to see a 77.7% CAGR, and the banking industry is expected to see a 74.7% CAGR.

• The global blockchain technology market is expected to be worth $162.84 billion by 2027.

  This is over 100 times larger than its 2018 value of $1.57 billion. In 2022, the global blockchain technology market was estimated to be worth $11.54 billion.

Blockchain Statistics by Corporate Adoption

• 81 of the top 100 publicly traded companies in the world are using blockchain technology.

  This includes companies that are still researching blockchain and how to implement it, but even so, there are still 65 companies on this list that are beyond that stage and have either begun or completed the process of incorporating blockchain technology into their operations.

• 37% of surveyed senior executives believe that the main advantage of blockchain is its security features.

  36% say that the main benefit is its ability to potentially improve systems operations, while 24% say that the ability to create new business models or revenue streams with blockchain is its main draw.

• 28% of surveyed senior executives say their companies have invested more than $5 million in adding blockchain technology to their organizations.

  In addition, 10% of those have invested at least $10 million in this endeavor.

  25% of those same surveyed senior executives say their companies are planning to invest over $5 million in blockchain technology over the next year as well.

• 77% of executives said that not adopting blockchain technology will put their company at a competitive disadvantage.

  Many executives understand that blockchain technology is here to stay and that it will be a game-changer, as 56% of surveyed executives who know about blockchain believe that the technology will disrupt their industries.

Blockchain Statistics by Blockchain Users

• An estimated 3.9% of the global population uses cryptocurrency.

  This means that there are more than 300 million people who use cryptocurrency – and, by extension, blockchain – around the world.

  Here is the breakdown of the number of cryptocurrency users by continent:

  Continent	Number of Cryptocurrency Users
  Asia	160 million
  Europe	38 million
  Africa	32 million
  North America	28 million
  South America	24 million
  Oceania	1 million

• About 400,000 Bitcoin transactions take place each day.

  This is the rate as of January 2021, and just one month before, in December 2020, there were about 330,000 daily Bitcoin transactions taking place.

• 16% of Americans have invested in, traded, or used cryptocurrencies.

  These cryptocurrencies include Bitcoin, Ether, and others.

  Men ages 18 to 29 are more likely than anyone to have interacted with a cryptocurrency, as 43% of this demographic says they have invested in, traded, or used cryptocurrencies.

• 6% of U.S. investors own Bitcoin as of 2021, up from 2% in 2018.

  In this instance, an investor refers to a U.S. adult who has at least $10,000 invested in stocks, bonds, or mutual funds.

Blockchain Statistics by the Blockchain Industry

• The U.S. has about 2,616 blockchain-related job opportunities.

  This accounts for about half of the blockchain jobs that are available around the world or that are at least advertised by popular job search sites.

  The UK follows the U.S. as far as the number of blockchain job opportunities goes, advertising 1,015 positions, and India comes in third, advertising 257.

• 89% of surveyed senior-level executives say that they believe blockchain will allow for revenue streams in their industries.

  This came from a survey of executives from all over the world who work in a wide variety of industries, and 89% marked that they strongly or somewhat agreed that blockchain would have this effect on their sectors.

• 90% of the largest American, Canadian, and European banks have started exploring blockchain technology.

  30% of those banks are in the initial development stages of using blockchain technology for payments and other services, 13% are currently working on implementing it, and 17% are already using it.

Blockchain Statistics FAQ

1. What percentage of companies are using blockchain?

   81% of the world’s largest companies are using blockchain. 81 of the world’s top 100 publicly traded companies have begun to incorporate blockchain technology into their organizations, and 65 of them are past the research and planning stage and have already begun implementing it.

   The number of companies of all sizes that are using blockchain is expected to continue to grow, however, as it’s estimated that organizations will spend a total of almost $19 billion on blockchain technology in 2024. This is a significant jump, as in 2017, this total was only about $750 million.

   More specifically, 90% of the major banks in the U.S., Canada, and Europe are either planning to or already have incorporated blockchain technology into their businesses.

2. How big is the blockchain industry?

   The blockchain industry is worth $11.54 billion. This is the estimated valuation of the global blockchain technology industry as of 2022, and it’s expected to grow to be worth $162.84 billion by 2027.

   The global blockchain market’s 2022 value is already 100 times larger than its value of $1.57 billion in 2018, so it is growing to be another 100 times bigger in the five years between 2022 and 2027.

   Contributing heavily to the blockchain industry’s market value is the total global spending on blockchain solutions. In 2017, this was only about $750 million, and in 2022, it’s projected to reach $11.7 billion, which would be a CAGR of 73.2%.

3. How fast is the blockchain industry growing?

   The blockchain industry is growing by a CAGR of 85.9%. This is the estimated compound annual growth rate from 2022 to 2030.

   In 2022, the global blockchain technology market is estimated to be worth $11.54 billion, and in 2018 it was just $1.57 billion. By 2027, the market is expected to reach a valuation of $162.84 billion.

   The financial services industry is the main player in the blockchain market, accounting for more than 38% of the global market’s revenue in 2021, the largest share of any industry.

   This isn’t surprising since 90% of the major U.S., Canadian, and European banks are either planning to incorporate or have incorporated blockchain technology into their operations.

4. Who is the market leader in blockchain technology?

   The market leader in blockchain technology is the United States. From 2017 to 2022, the country was estimated to account for 36% of the global blockchain market’s revenue, the most of any country.

   The U.S. also has the highest share of blockchain-related job openings, with about 50% of the world’s open positions.

   As far as industries go, the finance industry leads the charge in blockchain technology, accounting for 38% of the market’s global revenue in 2021.

   This is fueled, in part, by a significant number of banks actively moving toward implementing blockchain technology – 90% of the major banks in the U.S., Canada, and Europe are either looking into it or have already implemented it.

Conclusion

Blockchain technology is here to stay, especially within the corporate world, as global spending on blockchain solutions reached $6.6 billion in 2021. This number isn’t expected to go down anytime soon either, as experts predict that companies will spend $19 million on blockchain technology in 2024.

Blockchain is especially well-established in the global financial industry, which accounted for more than 38% of the global blockchain market’s revenue in 2021. In addition to this, 90% of major banks in the U.S., Canada, and Europe are either looking at implementing blockchain technology in their operations or have already done so.

References

1. Statista. “Blockchain – Statistics & Facts.” Accessed on April 28, 2022.

2. Statista. “Number of Bitcoin Block Explorer Blockchain.com Wallet Users Worldwide From November 2011 to April 6, 2022.” Accessed on April 28, 2022.

3. Grand View Research. “Blockchain Technology Market Size, Share, and Trends Analysis Report By Type (Private Cloud, Public Cloud), By Application (Digital Identity, Payments), By Enterprise Size, by Component, by End Use, And Segment Forecasts, 2022-2030.” Accessed on April 28, 2022.

4. ABL Advisor. “IDC: Worldwide Spending on Blockchain Forecast to Reach $11.7B in 2022.” Accessed on April 28, 2022.

5. Deloitte. “Deloitte Survey: Blockchain Reaches Beyond Financial Services With Some Industries Moving Faster.” Accessed on April 28, 2022.

6. IDC. “Global Spending on Blockchain Solutions Forecast to be Nearly $19 Billion in 2024, According to New IDC Spending Guide.” Accessed on April 28, 2022.

7. Statista. “Blockchain Technology Market Size Worldwide From 2017 to 2027.” Accessed on April 28, 2022.

8. Blockdata. “81 of the Top 100 Public Companies Are Using Blockchain Technology.” Accessed on April 28, 2022.

9. Deloitte Insights. “Deloitte’s 2019 Global Blockchain Survey.” Accessed on April 28, 2022.

10. TripleA. “Cryptocurrency Across the World.” Accessed on April 28, 2022.

11. Statista. “Number of Daily Transactions on the Blockchain of Bitcoin From January 2017 to April 4, 2021.” Accessed on April 28, 2022.

12. Pew Research Center. “16% of Americans Say They Have Ever Invested in, Traded or Used Cryptocurrency.” Accessed on April 28, 2022.

13. Markets Insider. “Bitcoin Ownership Has Tripled in the U.S. Since 2018 – But 60% of Investors View the Cryptocurrency as a High-Risk Bet, Survey Finds.” Accessed on April 28, 2022.

14. Consensys. “The Blockchain Jobs Report 2019.” Accessed on April 28, 2022.

15. CCN. “Blockchain Explored by 90% of Major North American and European Banks, Survey Finds.” Accessed on April 28, 2022.

Author

Abby McCain

Abby is a writer who is passionate about the power of story. Whether it’s communicating complicated topics in a clear way or helping readers connect with another person or place from the comfort of their couch. Abby attended Oral Roberts University in Tulsa, Oklahoma, where she earned a degree in writing with concentrations in journalism and business.