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  • Writer's pictureJuan Cabrera

"Blockchain Booms: The Rapid Rise of a $11.54 Billion Industry"

Updated: Feb 3, 2023

The global blockchain industry is worth $11.54 billion and is growing at a compound annual growth rate (CAGR) of 85.9% from 2022 to 2030.

81% of the top 100 publicly traded companies have begun to incorporate blockchain technology, and 90% of major banks in the US, Canada, and Europe are looking into implementing it.

The market leader in blockchain is the US, which accounted for 36% of the global blockchain market’s revenue from 2017 to 2022.

The finance industry is the largest player in the blockchain market, accounting for 38% of the global revenue in 2021.

There are 4 types of blockchains: Public, Private, Hybrid, and Consortium, each with different characteristics and use cases.

Spending on blockchain solutions is expected to reach $19 billion in 2024.

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