orecasts suggest that global blockchain technology revenues will experience massive growth in the coming years, with the market expected to climb to over 23.3 billion U.S. dollars in size by 2023.

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The financial sector has been one of the quickest to invest in blockchain, with over 60 percent of the technology’s market value concentrated in this field.
How is blockchain used?

Given its nature as a tamper-evident distributed ledger, the technology offers many possible uses to business ventures spanning across different industries. As of 2018, the most common use cases for blockchain within organizations include supply chain management and Internet of Things (IoT). The technology has also proven itself to have great promise in the field of digital currency and payments, with the most successful cryptocurrencies in the world built using the platform and many businesses using some type of blockchain system for inter-company transactions.

More Tech Services Stats

Unlike many other industries, if a software company grows at only 20%, it has a 92% chance of ceasing to exist within a few years

The statistic shows the worldwide IT spending on enterprise software from 2009 to 2020.

Women-led companies have historically performed three times better than those with male CEOs

The average company booking professional services revenue on new deals is equivalent to 16% of the first year subscription value. Professional services margins are approximately 22%

Agile projects are twice as likely to succeed as projects run with traditional project management

The very best SAAS business has a negative churn rate and will have a Dollar Retention Rate of greater than 100%

Sony’s PlayStation brand had accumulated approximately 38.57 million fans on the social network

In 2019, spending on IT services is expected to amount to 1,016 billion U.S. dollars worldwide

In 2018, the U.S. imported aerospace products worth about 53.98 billion U.S. dollars.

In 2017, the global adoption rate for biotech soybean amounted to 77 percent.

More Growth Strategy Stats

Google only has a 30 percent female workforce

The average SaaS company spends just 6 hours determining their pricing strategy

47% of millennials want to work at diverse companies, according to a recent study.

Revenue Churn Rate = (RCR) (MRR at beginning of month – MRR at end of month) – MRR in upgrades during month / MRR at beginning of month

Because of the losses in the early days, which get bigger the more successful the company is at acquiring customers, it is much harder for management and investors to figure out whether a SaaS business is financially viable.

The very best SAAS business has a negative churn rate and will have a Dollar Retention Rate of greater than 100%

To generate a single dollar of new customer revenue, Field Sales strategies have an average Customer Acquisition Cost (CAC) of $1.14

The fastest growing SaaS companies raise an average of $9.5M in Series A funding

If you are charging $500 per month, you can afford to spend up to 12x that amount (i.e. $6,000) on acquiring a new customer

The average company booking professional services revenue on new deals is equivalent to 16% of the first year subscription value. Professional services margins are approximately 22%