Blockchain as a Service Providers Statistics 2024

Blockchain As A Service Providers Statistics 2023: Facts about Blockchain As A Service Providers outlines the context of what’s happening in the tech world.

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Top Blockchain As A Service Providers Statistics 2023

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Blockchain As A Service Providers “Latest” Statistics

By reducing the amount of time needed to host Hyperledger fabric frameworks by 60%, Amazon Managed Blockchain reduces the labor intensive steps required in setting up blockchain networks, according to AWS.^[1]
The potential savings on a cost basis of $30 billion, according to a study of eight banks by Accenture consulting, are more than $8 billion.^[2]
According to 88% of business executives in the Deloitte survey, blockchain technology is scalable and will ultimately enter the mainstream.^[2]
24% of the 1,000 organizations that were questioned by Deloitte said they intended to invest between $500,000 and less than $1 million, while 12% said they intended to spend $10 million or more.^[2]
According to a Technical University of Munich study published in the journal Joule, bitcoin miners generate annual emissions of carbon dioxide of between 22 and 22.9 megatons.^[2]
According to Statista, when it comes to mining statistics for other cryptocurrencies, 21% of Ethereum, 37% of ZCash, 34% of Monero, and 28% of LTC mining pools are located in North America.^[2]
According to blockchain statistics by The Enterprisers Project, 13% of people in charge of IT at large companies have made firm plans to implement blockchain into their companies’ daily dealings.^[3]
77% of chief information officers have little interest in blockchain technology and no intentions to use it in their organizations this year at least.^[3]
According to Edureka blockchain adoption figures, 40 million individuals, or 0.5% of the world’s population, presently use blockchain technology.^[3]
In 2018, 90% of banks in Europe and North America were already investigating how blockchain will impact their businesses.^[3]
According to Statista, the majority of senior executives from the Asia-Pacific area—70% —believe that embracing blockchain technology may provide companies a competitive edge in the region.^[3]
IoT will grow by a Compound Annual Growth Rate (CAGR) of around 25% to reach $1463 billion by 2027, according to Global News Wire.^[3]
Between 2019 and 2025, the size of the global blockchain market is expected to increase at a CAGR of over 69%.^[3]
According to Juniper Research, B2B cross-border transactions alone are expected to reach a total value of $35T in 2022.^[4]
Over the projected period, spending will increase significantly in all nine of the areas included by the spending guide, with china’s five year CAGR of 54.6% and central and eastern Europe’s 50% CAGR leading the way.^[5]
With a five year CAGR of 52.9 , blockchain platform software will be the fastest growing technology sector overall and the biggest expenditure category outside of the services area.^[5]
The blockchain index methodology of Elementus has been successful in raising a seed round of $3.5 million.^[6]

Blockchain As A Service Providers “A” Statistics

In 2021, 24% of businesses plan to spend between $5 million and $10 million in blockchain technology.^[2]
74% of tech savvy executive teams agree that blockchain technology has enormous commercial potential.^[2]
By 2018, almost 90% of banks in the US and Europe had begun investigating the possibilities of blockchain.^[2]
Blockchain and crypto startups raised $3.9 billion through venture capital investments before the beginning of Q4 2018.^[2]
According to Statista, life sciences industries (including biotech, medical devices, and pharma) take second place, with 23% of companies already using blockchain.^[2]
Only 7.38% of bitcoin investors claim to have prior investment expertise, meaning that more than 80% of investors are amateurs.^[2]
The economic climate in the nation is quite advantageous for cryptocurrency enterprises, offering tax-free undistributed earnings and 10% online cross.^[2]
More than 60% of the present value of the global blockchain market is accounted for by the financial industry.^[2]
By 2025, 36% of Europeans in the payments sector believe that blockchain will have an influence on this business and affect certain parts of it.^[3]
According to Statista, 39% of respondents said that their firm faced regulatory challenges while deciding whether to boost investments in blockchain technology.^[3]
In 2018, 52% of corporate respondents said their companies were concentrating on a permissioned blockchain approach.^[3]
By 2025, commercial blockchain implementation will have been used by 55% of healthcare applications.^[3]
71% of corporate executives who use blockchain say it is essential to the development of technology.^[3]
By the end of 2021, 77% of current players in the financial industry want to integrate blockchain into their operations or procedures.^[3]
77% of the CIOs polled by Statista, said that they either lacked interest in the technology or had no plans to use it in 2018.^[3]
According to blockchain statistics, there were 2.2 million downloads for different crypto apps in December 2020.^[3]
According to blockchain wallet statistics, in Q4 2016, there were just 10.98 million crypto wallets in existence.^[3]
There are 109 Chinese enterprises offering blockchain applications in the real economy, per data and statistics on blockchain adoption from the end of march this year.^[3]
Recent blockchain statistics for business indicate that 23% of respondents attribute their use of blockchain to value chains and innovative business models.^[3]
The blockchain records show that on January 27th, 2018, there were 1.133 transactions per second, the fewest mempool additions ever.^[3]
Bermuda is the best option for businesses looking to reduce their tax burden since there are no extra taxes above the 10% minimum payroll tax.^[3]
Statistics on blockchain adoption indicate that 77% of participants in the financial industry will use the technology.^[3]
With more than 15% of all bitcoin in its hands, the FBI is one of the biggest bitcoin holders in the world.^[3]
According to Statista, blockchain market is predicted to more than double its current value in just four years, reaching $356.2 billion.^[3]
In 2018, CAGR rate increased to 41.8%, and estimates show it will grow to almost 70% by the next three years.^[3]
39% of businesses who intended to spend more money in blockchain technology were prevented from doing so by regulatory obstacles.^[3]
The good news is that other nations are beginning to catch up, with 10% of those that want to introduce cryptocurrency already having trial programs.^[3]
Only 1% of individuals surveyed, according to Statista, have begun utilizing blockchain technology.^[3]
According to Compare Camp, 62% of all blockchain storage makes provisions for mobile blockchain wallets.^[3]
The Dtravel ecosystem’s property protection pool will get 1% of all reservations instead of the hosts’ usual 0% transaction costs.^[4]
The commissions that large hotel chains pay to third party booking platforms result in a loss of up to 30% of their overall income.^[4]
Between 18% and 22% of small chains’ and independent hotels’ income goes to outside providers.^[4]
The drawback for borrowers is that interest rates in DeFi loans sometimes exceed 10%, which is higher than those in conventional finance.^[4]
If a miner or group of miners could pool sufficient funds, they might have more than 50% of the mining power of a blockchain network, according to IBM.^[7]
Having control over the ledger and the capacity to modify it implies holding more than 50% of the power.^[7]
Process manufacturing and discrete manufacturing, which together account for more than 20% of global expenditure, are the next two areas for blockchain spending.^[5]
According to data from the top 10 nations with the most nodes, there are 6447 active Ethereum nodes.^[6]
While there will never be a system of encryption that is 100% secure, blockchain technology can make such breaches far more difficult to execute.^[8]

Blockchain As A Service Providers “As” Statistics

According to some blockchain predictions, the last BTC will be mined in the year 2140, and almost 18 million Bitcoins have been mined so far.^[2]
Blockchain trends predict that the early adoption phase of research and development will conclude in 2022.^[2]
When the hack took place in 2014, Mt.Gox was in charge of over 70% of all bitcoin exchanges worldwide.^[2]
In 2014, the MIT Bitcoin Club provided each of MIT’s 4,494 undergraduates with $100 in bitcoin. 30% of the students did not sign up for the free money, and 20% of the sign-ups converted the bitcoin to cash within a few weeks.^[9]
In 2020, 53% of C-level executives said that blockchain was essential to their company’s infrastructure.^[3]
By the end of 2022, 60% of CIOs from all industries plan to integrate blockchain into their infrastructure.^[3]
According to Statista, 74% of respondents said that their organization is well on its way to using blockchain for the majority of its operations and that it is either presently conducting blockchain experiments or has advanced to the production stage.^[3]
Blockchain growth figures predict that by 2024, expenditure will have increased to $19 billion.^[3]
By 2025, blockchain technology would be used to handle 55% of the industry’s administrative demands given the many data breaches in healthcare.^[3]
During the next five years, IT firms and other enterprises would account for around 70% of expenditure on blockchain as a medium.^[3]
IDC expects growth to continue after 2022, at nearly the same rate of 73.2% per year.^[3]
In addition to security, blockchain may reduce maintenance expenses by as much as 30%, or as previously said, $12 billion.^[3]
The initiative is estimated to save both China Unicom and China Telecom a $45.5B in infrastructure investment costs.^[4]
According to Mckinsey analysis of real-estate transactions across all countries in the Organization for Economic Co-operation and Development, buyers pay at least $3.5 billion a year in administrative fees to register their purchases.^[8]

Blockchain As A Service Providers “Service” Statistics

Other industries have benefited from the bitcoin technology’s expansion, including manufacturing (17.6% of the market share).^[2]
Ninety nine percent of Russian financial service providers want to integrate blockchain into their systems.^[3]
By the end of 2020 in Russia, 99% of financial service businesses want to include blockchain into their operational systems.^[3]
Over the next five years, almost 70% of all blockchain investment will go into it and business services.^[3]

How Useful is Blockchain as a Service Providers

But how useful are these blockchain as a service providers really? While there are certainly many advantages to using these services, there are also some limitations and challenges that companies need to consider before diving into this increasingly crowded market.

One of the biggest benefits of using blockchain as a service providers is the cost savings and time efficiency that they offer. Building a blockchain from scratch can be a complex and time-consuming process that requires a significant amount of technical expertise. By using a service provider, companies can tap into the expertise of experienced blockchain developers and get their projects up and running much faster than if they were to do it themselves.

Additionally, using a blockchain as a service provider can help companies avoid some of the technical hurdles associated with blockchain development, such as scalability and interoperability issues. These providers often offer ready-made solutions that can be easily integrated into existing systems, making it easier for companies to start using blockchain technology without having to reinvent the wheel.

Another advantage of using blockchain as a service providers is the increased security and transparency that blockchain technology provides. By using a decentralized ledger to record transactions, companies can reduce the risks of fraud and tampering, as well as improve the traceability and auditability of their transactions.

However, there are also some limitations to using blockchain as a service providers that companies need to be aware of. One of the biggest challenges is the lack of standardization and interoperability between different blockchain platforms. This can make it difficult for companies to switch providers or integrate different blockchain solutions into their existing systems.

Additionally, the nascent nature of blockchain technology means that there are still many uncertainties and regulatory challenges that companies need to navigate when using blockchain as a service providers. Issues such as data privacy and security, as well as compliance with laws and regulations, can pose significant risks for companies that are not adequately prepared.

In conclusion, while there are certainly many potential benefits to using blockchain as a service providers, companies need to carefully consider the trade-offs and challenges that come with this technology. By weighing the advantages and disadvantages of using these services, companies can make a more informed decision about whether blockchain technology is the right fit for their needs.

Reference

amazon – https://aws.amazon.com/blockchain/
fortunly – https://fortunly.com/statistics/blockchain-statistics/
techjury – https://techjury.net/blog/blockchain-statistics/
cbinsights – https://www.cbinsights.com/research/industries-disrupted-blockchain/
idc – https://www.idc.com/getdoc.jsp?containerId=prUS47617821
infoq – https://www.infoq.com/articles/blockchain-as-a-service-get-block/
ibm – https://www.ibm.com/topics/blockchain-security
mckinsey – https://www.mckinsey.com/business-functions/mckinsey-digital/our-insights/using-blockchain-to-improve-data-management-in-the-public-sector
hbr – https://hbr.org/2017/01/the-truth-about-blockchain