Blockchain as a Service Providers Statistics 2024

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Best Blockchain as a Service Providers Statistics

Best Blockchain as a Service Providers Statistics

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Blockchain as a Service Providers Market Statistics

The financial sector currently accounts for more than 60% of blockchain’s worldwide market value. ^[0]
The technology has spread to other sectors as well manufacturing (17.6% of the market share), distribution and services (14.6%), public sector (4.2%), and infrastructure (3.1%). ^[0]
The global blockchain technology market is estimated to accumulate $20 billion in revenue by 2024. ^[1]
The global blockchain market size to grow at a CAGR rate of over 69% between 2019 to 2025. ^[1]
The global blockchain technology market is estimated to accumulate 20 billion dollars in revenue by 2024. ^[1]
The global blockchain technology market is estimated to accumulate 20 billion dollars in revenue by the year 2024, as evident by blockchain growth statistics. ^[1]
Even more surprisingly, this market is predicted to more than double its current value in just four years, reaching 356.2 billion dollars. ^[1]
That’s after a 8.77% change in 24 hours and a market capitalization of $566.32 billion. ^[1]
The amount of Bitcoin on the marketplace at the time was estimated to be worth around 40 million dollars, and it was nowhere to be seen. ^[1]
The market size for blockchain solutions for the banking system and financial institutions was estimated at 0.28 billion U.S. dollars in 2018. ^[2]
The financial sector accounts for around 30 percent of the market value of blockchainworldwide in 2020, but the technology has spread to nearly every industry from healthcareto agriculture. ^[3]
Small businesses continue being the smallest investors in cybersecurity despite making up 13% of the cybercrime market. ^[4]
In general, the value of global cryptocurrency markets increased by almost 900% in the period March 2020 to February 2021. ^[5]
It took more than 40% of the market pie or around $300 million in 2019. ^[5]
Finally, in terms of processes, the mining segment (65%). ^[5]
Among the cryptocurrencies that currently exist, Bitcoin had the biggest share (66%). ^[5]
The Blockchain market size is projected to grow from USD 4.9 billion in 2021 to USD 67.4 billion by 2026, at a Compound Annual Growth Rate of 68.4% during the forecast period. ^[6]
The Blockchain market size is projected to grow from USD 4,982 million in 2021 to USD 67,385 million by 2026, at a Compound Annual Growth Rate of 68.4% during the forecast period. ^[6]
The blockchain market grew by 10.27% in 2020. ^[7]
In 2020, North America contributed 46% of the growth of the global blockchain technology market. ^[7]
In 2020, Bitcoin dominated the market with 66% market capitalization, followed by Ether (8%), and Ripple (4%). ^[7]
Meanwhile, Litecoin only had 1% market capitalization and Monero at 0.5%. ^[7]
In addition, other cryptocurrencies cumulatively had 7% market capitalization. ^[7]
The US has the most number of cryptocurrency ATMs at 14,112 ATMs or 83.2% of the global market share. ^[7]
With approximately 8090% of world trade relying on trade finance, the influence of blockchain on the market would be felt globally throughout all industries that use cross. ^[8]

Blockchain as a Service Providers Adoption Statistics

According to projections of blockchain trends, the early adoption phase will end in 2024. ^[0]
Edureka) Blockchain adoption statistics show that half a percent of the human population is currently using blockchain technology, or somewhere around 40 million people. ^[1]
According to data and blockchain adoption statistics from the end of March of this year, there are 109 Chinese companies providing blockchain applications in the real economy. ^[1]
Blockchain adoption statistics show that 77% of financial sector constituents will adopt the technology. ^[1]
On the one hand, the majority of senior executives think blockchain is set for broad scale adoption yet only around 40% say that they have adopted it within their organization. ^[7]
Overall Adoption of Blockchain Technology 88% of senior executives think that blockchain technology will eventually achieve mainstream adoption. ^[7]

Blockchain as a Service Providers Latest Statistics

About 90% of U.S. and European banks had started exploring blockchain’s potential by 2018. ^[0]
74% of tech savvy executive teams say they believe there’s a huge business potential in blockchain technology. ^[0]
24% of companies expect to invest between $5 million and $10 million in blockchain during 2021. ^[0]
According to a survey of eight banks by Accenture Consulting, the potential savings on a cost base of $30 billion are more than $8 billion. ^[0]
That’s a compound annual growth rate of 37.4%. ^[0]
An even higher number (88%). ^[0]
Another 24% of the 1,000 surveyed companies reported that they plan to invest from $500,000 to less than $1 million, while 12% plan to spend $10 million or more. ^[0]
Life sciences industries take second place, with 23% of companies already using blockchain. ^[0]
More than 80% of cryptocurrency investors are novices; only 7.38% say they had previous experience in investing. ^[0]
According to one report, blockchain and crypto startups raised $3.9 billion through venture capital investments before the beginning of Q4 2018. ^[0]
Blockchain spending in the United States increased by 110% during 2018. ^[0]
The attack occurred in 2014 when Mt. Gox was handling about 70% of the world’s Bitcoin exchanges. ^[0]
Bitcoin miners generate annual emissions of carbon dioxide of between 22 and 22.9 megatons, according to a Technical University of Munich study published in the journal Joule. ^[0]
According to Bitcoin.com blockchain predictions, the last BTC will be mined in the year 2140. ^[0]
The Asia Pacific region has the largest percentage of Litecoin mining pools (52%). ^[0]
7% of BTC mining pools are located in the United States. ^[0]
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. ^[0]
Most Ethereum mining pools are located in Europe (49%). ^[0]
The country’s business environment is extremely favorable for crypto companies, featuring taxfree undistributed profits and 100% online cross. ^[0]
91.5% of all investments in cryptocurrencies are made by men. ^[0]
61% don’t consider themselves to be religious. ^[0]
Almost 30% have a yearly household income between $50,000 and $100,000 per year, 56% are either married or in a relationship, 43% have fulltime employment, and 37% consider themselves libertarian or anarchy. ^[0]
Blockchain can reduce 30% of banks’ infrastructure costs. ^[1]
The FBI owns 1.5% of the world’s total bitcoins. ^[1]
55% of healthcare applications will have adopted blockchain for commercial deployment by 2025. ^[1]
60% of CIOs were on the verge of integrating blockchain into their infrastructure by the end of 2020. ^[1]
20% of IoT technologies had blockchain enabled services in 2020. ^[1]
As of 2017, blockchain was growing at a CAGR rate of 35.2%. ^[1]
In 2018, this figure increased to 41.8%, and estimates show it will grow to almost 70% by the next three years. ^[1]
Others like manufacturing and energy utilities have 12% each, healthcare (11%), government (8%), retail (4%), and media and entertainment (1%). ^[1]
Globally, about 77% of the financial sector could have blockchain enabled services as a part of their system and processes. ^[1]
According to blockchain wallet statistics, in Q4 2016, there were just 10.98 million blockchain wallets in existence. ^[1]
This explains why a whopping 62% of all blockchain storage makes provisions for mobile blockchain wallets. ^[1]
According to statistics on the blockchain, the lowest number of mempool additions ever recorded was 1.133 transactions per second on January 27th, 2018. ^[1]
Blockchain statistics in the US show that the US alone spends 20% of its GDP on the health sector. ^[1]
60% of CIOs across sectors are on the verge of integrating blockchain into their infrastructure. ^[1]
53% of C level officers identified blockchain as a crucial part of their organizational infrastructure in 2020. ^[1]
90% of blockchain enterprise platforms will need to be replaced by 2021. ^[1]
40% of top health executives see blockchain as one of their top 5 priorities. ^[1]
According to recent blockchain statistics for business, 23% of respondents cite value chain and new business models as the main reasons why they adopted blockchain. ^[1]
Another 23% claim that they would do so for a higher degree of security. ^[1]
Bermuda is the choice for companies that wish to save on taxes, as there are no additional taxes apart from the minimum payroll tax of 10%. ^[1]
More than 80% of central banks are considering implementing their own digital currencies. ^[1]
The good news is that other countries are starting to catch up; 10% of the ones that plan to launch their crypto already have pilot projects. ^[1]
On the other hand, blockchain growth will be possible via IoT. IoT will grow by a Compound Annual Growth Rate of around 25% to reach $1463 billion by 2027. ^[1]
FBI owns 1.5% of the world’s total bitcoins. ^[1]
Both of these sources combine to make the FBI one of the largest holders of Bitcoin in the world, with more than 1.5% of all Bitcoin in their possession. ^[1]
0.5% of the world’s population is using blockchain technology. ^[1]
According to even the most conservative estimates, this number is expected to quadruple in 5 years, and in 10 years, 80% of the population will be involved with the blockchain technology in some form. ^[1]
Central and Eastern Europe will show a CAGR of 50%, while China’s will be 54.6% within five years. ^[1]
In addition to providing security, blockchain can offer a reduction in upkeep costs by up to 30%, or 12 billion dollars, as mentioned previously. ^[1]
71% of business leaders who are actively using blockchain believe it plays a key role in advancing the technology. ^[1]
Most of the business leaders, or 71% of them to be exact, who are already using blockchain technology. ^[1]
90% of government organizations plan to invest in blockchain technology. ^[1]
90% of government agencies and organizations also plan on investing in blockchain, and they plan to do so this year. ^[1]
52% of enterprise respondents stated that their organizations were focusing on a permissioned blockchain model in 2018. ^[1]
When questioned about what blockchain models they’re focusing on, 52% of organizations answered they’re focusing on a permissioned blockchain model. ^[1]
74% of respondents from the consumer products & manufacturing industry stated their company was in either the experimentation or the production phase of blockchain development. ^[1]
74% of those involved in the survey stated their company is well on the way to use blockchain for most of their business and that their company is either currently experimenting with blockchain, or has already moved to the production phase. ^[1]
53% of respondents stated their companies were working on a supply chain use case. ^[1]
36% of people believe that blockchain technology will have an impact on some niches or aspects of the payments activity in Europe by 2025. ^[1]
36% of Europeans working in the payments industry predict that blockchain will have an impact in this sector, and change some aspects of the industry by 2025. ^[1]
70% of employees believed that with the use of blockchain they will gain a competitive advantage in Asia. ^[1]
In a survey, senior executives from Asia Pacific believed, by the majority of 70%, that using blockchain technologies can give them a competitive advantage in the region. ^[1]
44% of gamers had either purchased or traded game items on the blockchain in the past year. ^[1]
It should come as no surprise that 44% of them purchased or traded game related items on the blockchain. ^[1]
Considering the numerous data breaches in healthcare , it’s no surprise that 55% of the industry’s administrative needs will be conducted using blockchain tech by 2025. ^[1]
77% of the CIOs surveyed either had no interest or no plan to deploy the technology in 2018. ^[1]
According to this survey, 77% of Chief Information Officers show no interest in the blockchain and have no plans to incorporate the technology into their business, at least for this year. ^[1]
The same survey points that just 1% of those interviewed had already started using blockchain technology. ^[1]
39% of respondents say there were regulatory issues for their organization when considering whether to increase investment in blockchain technology. ^[1]
Regulatory issues got in the way of 39% of companies, who wanted to invest larger amounts of money in blockchain technologies. ^[1]
It is projected that the spending will keep increasing by 75% every year for the foreseeable future, with the potential of jumping even more in 2024. ^[1]
According to blockchain growth statistics, its spending will surge to $19 billion by 2024. ^[1]
13% of senior IT leaders have clear and current plans to implement blockchain. ^[1]
According to blockchain stats, 13% of people in charge of IT at large companies have made firm plans to implement blockchain into their companies’ daily dealings. ^[1]
IT and business services will account for around 70% of all blockchain spending over the next five years. ^[1]
However, over the next five years, it is expected that around 70% of spending that involves blockchain as a medium will come from IT companies and other businesses. ^[1]
90% of European and North American banks were exploring blockchain in 2018. ^[1]
Supported by the fact that 90% of European and North American banks are currently exploring how blockchain affects their business, this argument becomes stronger every day. ^[1]
According to data, more than $69 million were donated last year in Bitcoin and other cryptocurrency forms. ^[1]
IDC expects this growth to continue after 2024, at nearly the same rate of 73.2% per year. ^[1]
77% of financial sector incumbents wanted to adopt blockchain as part of their systems or processes by the end of 2020. ^[1]
99% of financial service companies wanted to adopt blockchain in their production systems by the end of 2020 in Russia. ^[1]
99% of Russian financial service companies plan to incorporate blockchain into their systems. ^[1]
45% of financial intermediaries suffer from fraud and cybercrime every year. ^[1]
Cybercrime and fraud present a threat for 45% of them that fall victim to this type of crime. ^[1]
According to the bitcoin mining statistics, each block injects 6.25 coins into the ecosystem. ^[1]
Bitcoin accounts for 15% of all cryptocurrency exchange trade volume. ^[1]
Ethereum, currently the most dominant cryptocurrency, grew more than 1500% during 2017. ^[1]
Nearly 50% of bitnodes come from just 3 countries. ^[1]
The US is the largest percentage area of bitnode concentration, and 23.6% of them come from here. ^[1]
Germany is second, with 18.95%, while 6.82% of all bitnodes come from France. ^[1]
Bitcoin mining is estimated to use around 29 TWh per year. ^[1]
According to blockchain statistics, there were 2.2 million downloads for different crypto apps in December 2020. ^[1]
According to blockchain facts, the average amount of Bitcoin mined daily is 900. ^[1]
This is up from 258 GB recorded at the end of 2019, according to blockchain statistics. ^[1]
With the smart meter penetration rate reaching 42.5% by 2020 and 83.97% by 2024 in. ^[9]
It can be seen that with this process, illustrated in Fig. 1, 75% of the time the response will correspond to the respondent’s true answer. ^[9]
Moreover, and provided that she is not asked again the same question, the respondent’s privacy is preserved since 50% of the time her response is generated at random. ^[9]
After a number of responses have been collected, the probability of a “Yes” response can be accurately estimated by calculating minimum ), where Y is the proportion of “Yes” in the submitted responses [9]. ^[9]
No matter the number of responses, there is always the chance that a user will respond randomly with probability of 50%. ^[9]
For example, a coin that decides that a user will say the truth 20s in R approximates ×n and the probability that an element of this set is C is 60%). ^[9]
Fig. 6 shows the choice estimated by the attacker. ^[9]
Available to download in PNG, PDF, XLS format 33% off until Jun 30th. ^[2]
Worldwide spending on blockchain solutionsis expected to grow from 4.5 billion U.S. dollars in 2020 to an estimated 19 billion U.S. dollars by 2024. ^[3]
The vast majority of surveyed global business leaders reported investment plans for blockchainin their organizations, with over 60 percent of respondents mentioning a budget of at least one million U.S. dollars for the distributed ledger technology. ^[3]
According to Juniper Research, the damages caused by cyber attacks in 2019 amounted to $2 trillion. ^[4]
It is estimated that by 2030, the global cybersecurity spending will be $2 billion in a bid to mitigate these malicious attacks. ^[4]
According to a study by the University of Sydney in Australia, bitcoin facilitated $76 billion of illegal business transactions around the world. ^[4]
Every 14 Seconds It is estimated that after every 14 seconds, an individual or company falls prey to a ransomware attack. ^[4]
This is according to the 2019 Official Annual Cybercrime Report that also indicated that most of these attacks go unreported. ^[4]
According to Gartner, by 2021, there will be an increase in the number of things connected to the internet, from 14 billion to 25 billion. ^[4]
It is expected to grow at a CAGR of 30%, reaching about $5,190.62 million by 2026. ^[5]
It is forecast to grow to $1,758 million by 2027, at a CAGR of 11.2%. ^[5]
Moreover, the total volume of transactions moved directly between cryptocurrency exchanges in 2019 was estimated to be about $51.6 billion. ^[5]
However, the following year, this increased by about 78%. ^[5]
Furthermore, 60% of the total blockchain technology’s value is concentrated in the financial sector. ^[5]
Furthermore, on the basis of components, the hardware segment took the biggest share, which is about 70%. ^[5]
The remaining 35% is composed of transactions. ^[5]
Interestingly, about 16% of all exchanges either do not indicate countries of registration or information is not made available publicly. ^[5]
In all, while G20 countries contributed 38% of all exchanges in 2020, the African country Seychelles transferred around 43% of the total volume of funds. ^[5]
In 2013, G20 countries accounted for 91% of all cryptocurrency exchanges. ^[5]
Surprisingly, the volume of G20 transactions decreased to 38% in 2020. ^[5]
Moreover, China takes 65% of the entire global Bitcoin hash rate, the measure of the power of the computers linked to the Bitcoin network responsible for Bitcoin mining. ^[5]
It accounts for 35.76% of the total global hash rate. ^[5]
Meanwhile, Sichuan province records the second. ^[5]
Furthermore, inner Mongolia (8.07%), Yunnan (5.42%), and Beijing (1.73%). ^[5]
The US only accounts for 7.24% of the global hash power. ^[5]
On the other hand, Russia contributes 6.9%, while Kazakhstan’s share is 6.17%. ^[5]
Malaysia and Iran take the 5th and 6th biggest share, with 4.33% and 3.82%, respectively. ^[5]
The rest of the world produces the remaining 6% of the global hash rate. ^[5]
Ethereum distantly follows at 8%. ^[5]
As of March 2021, there are an estimated 18.67 million Bitcoins in circulation. ^[5]
Interestingly, Bitcoin mining accounts for around 1% of the world’s energy consumption. ^[5]
As of Q3 2020, there are an estimated 101 million identity verified cryptocurrency users worldwide. ^[5]
Surprisingly, even though cryptocurrencies such as Bitcoin seem to be more popular in the US, Nigeria sets the record for the most number of people who indicated that they used or owned cryptocurrencies at 31.9%. ^[5]
Vietnam (21.1%), Philippines (19.8%), South Africa (17.8%), and Thailand (17.6%). ^[5]
Moreover, the majority of global cryptocurrency services providers are in the retail sector 82% in Latin America and the Caribbean; 75% in the Asia Pacific; 75% in the Middle East and Africa; 70% in North America; and 63% in Europe. ^[5]
Interestingly, 66% of US consumers say they have not invested in cryptocurrency and are interested in doing so. ^[5]
Meanwhile, 18% have not even heard of it. ^[5]
Only 7% say they’re planning to invest. ^[5]
Furthermore, 5% of US consumers who invested in cryptocurrency report that they like it while 4% who invested did not like their experience. ^[5]
As one might expect, more men (19%) use cryptocurrency than women (10%). ^[5]
Moreover, 85% of Bitcoin traders and 88% of Ethereum traders are male. ^[5]
18to 34year olds in the US are more likely to purchase Bitcoin in the next five years. ^[5]
Meanwhile, 46% of adults aged 35 to 44 years are willing to invest and 36% of 45 to 54year. ^[5]
In addition, 33% of organizations worldwide use blockchain technology primarily for managing digital currencies. ^[5]
A study revealed that two groups of hackers were responsible for about 60% of all recorded crypto thefts worth more than $1 billion. ^[5]
Meanwhile, a report states that 50 to 80% of initial coin offerings were initially designed and created as fraudulent, as most of the organizers thought their projects could not be realized. ^[5]
In all, major fraud made up 73% of the cryptocurrency crime total in 2020. ^[5]
Meanwhile, 50% of all cryptocurrency thefts in 2020, which amounts to $129 million, were hacks and frauds related to decentralized finance. ^[5]
Interestingly, even though cryptocurrency is vulnerable to be used in crimes such as money laundering, only 1.1% of all cryptocurrency transactions are illicit. ^[5]
As such, less than 0.5% of Bitcoin’s yearly transactions are illicit. ^[5]
Additionally, it is good to note that the average value acquired by crypto criminals in 2020 was 160% lower than in 2019. ^[5]
Another positive outcome is how the cryptocurrency exchange KuCoin was able to recover more than 80% of stolen funds from a $281million. ^[5]
Current and Upcoming Trends in CryptoCurrency Market Cap to Hit $5,190.62 Million by 2026, Soars at 30% CAGR Facts & Factors. ^[5]
65% of Global Bitcoin Hashrate Concentrated in China. ^[5]
Only 1% of $1 Trillion Transacted in Crypto in 2019 Was Illicit. ^[5]
Women make up only 15% of bitcoin traders, highlighting the crypto world’s glaring gender imbalance. ^[5]
80% of fortune 2000 companies rely on our research to identify new revenue sources. ^[6]
According to Statista, the total IoT connected devices globally is predicted to reach USD 75.44 billion by 2025. ^[6]
Worldwide spend on blockchain solutions is forecast to reach $17.9 billion by 2024 and will grow at a compound annual growth rate of 46.4%. ^[7]
Experts predict that blockchain will boost global GDP by $1.76 trillion by 2030, which is equivalent to 1.4% of global GDP. ^[7]
In 2020, the industry with the largest blockchain spend was banking at 29.7%. ^[7]
Other big spenders on blockchain technology are process manufacturing (11.4%), discrete manufacturing (10.9%), professional services (6.6%), and retail (6%). ^[7]
The professional services industry is expected to have the fastest growth in blockchain spending, at a CAGR of 54%. ^[7]
This is followed by healthcare (43.9%) and state and local government (48.2%). ^[7]
In contrast, 50% of IT leaders said that they were not interested in adopting blockchain solutions. ^[7]
In a survey, 39% of senior executives from around the world said that they have adopted blockchain technologies in their organizations. ^[7]
41% of these companies had a revenue of more than $100 million. ^[7]
Meanwhile, 46% had a revenue of more than $1 billion. ^[7]
Adoption of blockchain as a top strategic priority is strongest in China, where 70% agreed that blockchain is in their top five list of priorities. ^[7]
On the other hand, only 42% of organizations in Germany see it as a priority. ^[7]
The top use cases for blockchain for organizations worldwide are digital currency (33%), data access and sharing (32%), and data reconciliation (31%). ^[7]
Other popular use cases include identity protection (31%), payments (30%), and tracking and tracing (27%). ^[7]
Meanwhile, another study revealed that 36% of IT leaders are actively searching for blockchain security solutions. ^[7]
However, 50% of IT leaders were not interested in adopting blockchain security solutions. ^[7]
40% of organizations said that they planned to invest $5 million or more in blockchain in the coming year. ^[7]
China is estimated to reap $440.4 billion or a boost of 1.7% on their GDP in 2030. ^[7]
In addition, experts predict that within a decade, 10% to 15% of the worldwide infrastructure will use blockchain technology. ^[7]
Meanwhile, the second spot goes to Europe with 1,258 ATMs (7.4%) and the third goes to Canada with 1,246 ATMs (7.3%). ^[7]
Private blockchain is the most popular model deployed in organizations worldwide, amounting to 50% of all implementations. ^[7]
This is followed by permissioned blockchain and private blockchain, which both garnered a 45% share of all global implementations. ^[7]
55% of senior executives said that blockchain technology is a critical priority for their organizations. ^[7]
This figure is up by 2% compared to 2019. ^[7]
27% of experts in the logistics business from the UK said that blockchain technology has “medium relevance” to their business, while 23% said it had “little relevance” to their business. ^[7]
This use case will bring an estimated $962 billion boost to global GDP by 2030. ^[7]
More than 80% think that blockchain will enable them to integrate touchless business processes, enhance business functionality, and comply with financial reporting requirements. ^[7]
In a survey, 87% of senior executives from around the world said that blockchain will allow them to enhance further integration towards touchless business processes. ^[7]
On the other hand, 86% think that blockchain will unlock new business functionality and revenue streams in their industry. ^[7]
Meanwhile, 83% of organizations said that they are “very or somewhat confident” in meeting financial reporting requirements related to blockchain. ^[7]
The world’s largest investment banks reported a 70% potential cost savings on central finance reporting due to blockchain technologies. ^[7]
Additionally, they reported a 30% to 50% potential cost savings on compliance, 50% potential cost savings on centralized operations, and 50% potential cost savings on business operations. ^[7]
Lastly, by using blockchain technologies, the world’s largest investment banks can save $12 billion or 38% in annual cost savings. ^[7]
According to senior executives worldwide, barriers to blockchain are implementation (30%), regulatory issues (30%), and potential security threats (29%). ^[7]
Other reasons cited were lack of in house capabilities (28%), uncertain ROI (28%), and concerns over sensitivity of competitive information (25%). ^[7]
58% of organizations say that cybersecurity is only one among many issues that they considering blockchain technologies of their digital asset strategy. ^[7]
Blockchain miners are using up 0.2% of the world’s total electricity, which makes energy consumption challenging for those who want to adopt blockchain technologies. ^[7]
China accounted for 46% of global blockchain patent applications, based on a survey of 100 global companies which filed patent applications. ^[7]
Other leading countries were the US (24%), Japan (8%), and South Korea (7%). ^[7]
In December of 2020, its trading price grew by a whopping 420% after Elon Musk tweeted “One word Doge” with a digital magazine cover featuring a Shiba Inu dog. ^[7]
All bids and asks placed within 10% of the mid price Aggregated Market Depth. ^[10]
Due to the rise in remote work prompted by the pandemic, attacks are up 148%. ^[11]
As the average ransom demanded by hackers has increased by 33% since Q3 2019 , affiliates are making up to 80% from each payment. ^[11]
Malicious emails are up 600% due to COVID. ^[11]
37% of respondents’ organizations were affected by ransomware attacks in the last year. ^[11]
Out of 1,086 organizations whose data had been encrypted, 96% got their data back. ^[11]
71% of those who are affected by ransomware have been infected. ^[11]
65% of employers allow their employees to access company applications from unmanaged, personal devices. ^[11]
From a survey conducted with 1,263 companies, 80% of victims who submitted a ransom payment experienced another attack soon after, and 46% got access to their data but most of it was corrupted. ^[11]
Additionally, 60% of survey respondents experienced revenue loss and 53% stated their brands were damaged as a result. ^[11]
29% of respondents stated their companies were forced to remove jobs following a ransomware attack. ^[11]
42% of companies with cyber insurance policies in place indicated that insurance only covered a small part of damages resulting from a ransomware attack. ^[11]
In 2019, nearly 56% of organizations across multiple industries reported a ransomware attack. ^[11]
Healthcare organizations dedicate only around 6% of their budget to cybersecurity measures. ^[11]
Ransomware attacks were responsible for almost 50% of all healthcare data breaches in 2020. ^[11]
Healthcare received 88%t of all ransomware attacks in the United States in 2016. ^[11]
Ransomware attacks against universities increased by 100% between 2019 and 2020. ^[11]
66% of universities lack basic email security configurations. ^[11]
38% of analyzed universities in the Cybersecurity in Higher Education Report had unsecured or open database ports. ^[11]
Cyberattacks against K 12 schools rose 18% in 2020. ^[11]
62% of all records leaked in 2019 were from financial institutions. ^[11]
90% of financial institutions have been targeted by ransomware attacks. ^[11]
In 2020, 70% of the 52% of attacks that went after financial institutions came from the Kryptik Trojan malware. ^[11]
Banks experienced a 520% increase in phishing and ransomware attempts between March and June in 2020. ^[11]
In 2020, 33% of attacks on governmental bodies were ransomware. ^[11]
Only around 38% of local and state government employees are trained in ransomware attack prevention. ^[11]
In 2019, attacks against municipalities increased 60% from the year before. ^[11]
In 2017, mobile malware variants increased by 54%. ^[11]
Fewer than 20% of mobile malware is delivered via browser. ^[11]
In 2017, 95% of all ransom payments were cashed out via BTC e, a Bitcoin platform. ^[11]
In 2020, ransomware payments were 7% of all funds received by cryptocurrency addresses. ^[11]
Cryptocurrency transactions can be traced back to the individual 60% of the time. ^[11]
Illegal activity represented 2.1% of all cryptocurrency transaction volume or about $21.4 billion worth of transfers in 2019. ^[11]
In Q1 2017, FedEx lost an estimated $300 million from the NotPetya ransomware attack. ^[11]
Downtime costs are up 200% yearover. ^[11]
84% of organizations will keep remote work as the norm even after COVID 19 restrictions are lifted, resulting in an increase of internet users and a greater risk of data exposure. ^[11]
According to Verizon’s 2018 Data Breach Investigations Report, phishing is involved in 70% of data breaches. ^[11]
Ransomware accounted for 15% of cyberattack incidents in the U.S. in 2018. ^[11]
In 2020, the average payout was $312,493, a 171% increase compared to 2019. ^[11]
Lloyd Blankfein, senior chairman of Goldman Sachs, echoed that thought, saying, “Something that moves 20% [overnight] does not feel like a currency. ^[8]
The company has processed millions of dollars in transactions, reportedly growing 20% monthover. ^[8]
Crypto payments platforms such as BitPesa have led to a reduction of over 90% in transfer fees in the region. ^[8]
Further, 60% of B2B payments require manual intervention, each taking between 15. ^[8]
In fact, ICOs raised only $371M in 2019, down 95% from a year earlier. ^[8]
While fees are typically lower than .02%, profits come from the sheer volume of assets. ^[8]
According to a Thomson Reuters survey, 12% of companies said that they had changed their bank because of delays in the KYC process. ^[8]
Using blockchain for KYC purposes could reduce personnel requirements for banks by 10%, equating to cost savings of up to $160M annually. ^[8]
Blockchain was a priority topic at Davos; a World Economic Forum survey suggested that 10 percent of global GDP will be stored on blockchain by 2027. ^[12]
Based on our quantification of the monetary impact of the more than 90 use cases we analyzed, we estimate approximately 70 percent of the value at stake in the short term is in cost reduction, followed by revenue generation and capital relief. ^[12]
These value opportunities are reflected in the fact that approximately 90 percent of major Australian, European, and North American banks are already experimenting or investing in blockchain. ^[12]

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Reference

fortunly – https://fortunly.com/statistics/blockchain-statistics/.
techjury – https://techjury.net/blog/blockchain-statistics/.
statista – https://www.statista.com/statistics/1229290/blockchain-in-banking-and-financial-services-market-size/.
statista – https://www.statista.com/topics/5122/blockchain/.
cm-alliance – https://www.cm-alliance.com/cybersecurity-blog/the-future-use-cases-of-blockchain-for-cybersecurity.
financesonline – https://financesonline.com/cryptocurrency-statistics/.
marketsandmarkets – https://www.marketsandmarkets.com/Market-Reports/blockchain-technology-market-90100890.html.
financesonline – https://financesonline.com/blockchain-statistics/.
cbinsights – https://www.cbinsights.com/research/blockchain-disrupting-banking/.
sciencedirect – https://www.sciencedirect.com/science/article/pii/S2096720921000178.
kaiko – https://www.kaiko.com/.
varonis – https://www.varonis.com/blog/ransomware-statistics-2021.
mckinsey – https://www.mckinsey.com/business-functions/mckinsey-digital/our-insights/blockchain-beyond-the-hype-what-is-the-strategic-business-value.

How Useful is Blockchain as a Service Providers

But just how useful are these BaaS providers? Are they really delivering on the promise of making blockchain technology more accessible to a wider audience?

The answer, somewhat predictably, depends on the specific needs and circumstances of the organization in question. For companies that are looking to develop blockchain-based applications without investing heavily in infrastructure or hiring a large team of developers, BaaS providers can offer a cost-effective and streamlined solution. These platforms typically provide a range of tools and services, such as blockchain network setup, smart contract development, and data storage, that simplify the development process and speed up time to market.

Moreover, BaaS providers can also help organizations navigate the complex regulatory landscape surrounding blockchain technology, ensuring compliance with relevant laws and regulations. By taking care of compliance issues, BaaS providers allow companies to focus on building innovative applications that drive business value, rather than getting bogged down in legal red tape.

Additionally, BaaS providers often offer scalable and secure infrastructure that can accommodate a wide range of blockchain use cases, from supply chain management to financial transactions. This scalability is particularly important for companies that are looking to experiment with blockchain technology on a smaller scale before committing to a full-scale implementation.

However, despite these advantages, there are also some drawbacks to using BaaS providers. One potential downside is the risk of vendor lock-in, where companies become dependent on a particular provider’s services and find it difficult to switch to a different platform. This can limit flexibility and hinder innovation, as organizations may be reluctant to invest in new ideas or technologies if it means switching providers down the line.

Moreover, reliance on a third-party provider raises security concerns, as sensitive data and transactions are entrusted to an external party. While BaaS providers typically implement robust security measures, there is always a risk of data breaches or other security incidents that could compromise the integrity of the blockchain network.

Another potential drawback of using BaaS providers is the lack of customization options available to organizations. While these platforms offer a range of pre-built tools and services, they may not always meet the specific needs of every organization. This can limit the ability of companies to tailor their blockchain solutions to suit their unique requirements and business processes.

In conclusion, while BaaS providers offer a convenient and cost-effective way for organizations to integrate blockchain technology into their operations, they are not without their challenges. Companies considering using BaaS providers should carefully weigh the benefits and drawbacks to determine whether these platforms are the right fit for their needs. Ultimately, the success of a blockchain implementation depends on a variety of factors, including the organization’s goals, resources, and approach to risk management.

In Conclusion

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Blockchain as a Service Providers Statistics 2024 – Everything You Need to Know