Blockchain IoT Market Size, Trends and Insights By Offering (Hardware, Software, Services), By Application (Smart Contracts, Data Security, Data Sharing, Asset management and tracking), By End User (Transportation, Health care, Energy and utility, Retail, Manufacturing, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030


Report Code: CMI18536

Published Date: September 2022

Pages: 220+

Category: Technology

Reports Description

According to Custom Market Insights (CMI), The Global Blockchain IoT Market Size was valued at USD 138.78 million in 2021 and expected to reach USD 1 52.8 billion/million in 2022, and is estimated to reach USD 22189 million by the end of 2030 at a CAGR of approximately 73.5% during the forecast period 2022-2030. As there has been an increased demand for the Internet of Things, the market for blockchain IoT is expected to grow in the coming year.

Blockchain IoT Market Size

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The demand for blockchain IoT is expected to grow in the coming years to ensure the security of IoT and provide better efficiency in operations. There is a growing demand for the Internet of Things worldwide as these devices are used to transfer data to private blockchain networks. It helps in ensuring the security of its transactions. The demand for this technology will continue to grow in the coming years as it helps share information between partners in the most secure way.

The outbreak of the COVID-19 pandemic has affected all industries across the world. Online businesses have bloomed during the pandemic. The demand for various online platforms has increased during the pandemic. Various sectors like manufacturing, life sciences, healthcare, automotive, transport, retail and banking and financial sectors made use of the Internet to provide all consumer services. As many lockdowns were imposed across various nations, the supply chains were disrupted, due to which the manufacturing of the hardware components was affected.

The hospital sector had a good demand for this technology even during the pandemic. Diversifying Internet of thing ecosystems has created more demand for designing various devices for the Internet of Things. Many difficulties are associated with aligning blockchain technology with these devices. Another factor that will hamper the market’s growth in the coming years is the large amount of data collected through sensor networks. The encryption of all of this data will lead to increased use of processing power, and it will also consume much time. These factors will hamper the growth of the market in the long run. Apart from the large pool of available data, storing all this data is another challenge.

The devices that are used do not support the storing of a large amount of data. These devices are in the emerging phase and do not have great computational power. As these technologies are emerging technologies, the adoption of these technologies is another challenge that will hamper the market the growth as there are some glitches with the technology and some concerns with the security. In many areas across the globe, the awareness regarding the benefits of using this technology will be one more challenge that will hamper the market’s growth.

Blockchain IoT Market (By Application)

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The awareness regarding its use in different sectors is less. Many end-user industries do not know the use of blockchain with the Internet of Things. And due to this, these end-user industries would not invest in the technology. Currently, the growth of this market is uncertain, and its potential is also unknown to investors and entrepreneurs. Due to this, the market growth will be hampered.

Growth Factors

The demand for this technology is expected to grow in the coming years as all the transactions made through this technology are recorded. These transactions are extremely secure, and the data is blocked to prevent security breaches. This technology has been beneficial as it provides immutable data where no alterations can be made.

Only more data can be added. All of these benefits will drive the market growth in the coming year. It helps in performing various functions regarding the transfer of data. It helps in analyzing the data and managing the data and also helps in the customization of data required for the partners as well as the clients. In recent years, this technology has grown in the transportation sector. Moving various goods with the help of transportation has been a complex process.

The priorities of different consumers are different, and to meet these demands, the transportation sector has adopted this technology in recent years. Much information regarding the deliveries can be stored with the help of these devices. All the information regarding the temperature at which the goods need to be stored, the position, the status of the packages that need to be delivered, and the arrival times will be available on the platform. Immutable blockchain will help increase the trust of the parties in the data. All of these factors will help in efficient transportation. This technology has played an important role in ensuring various products’ regulatory compliance and safety. It helps track various components That go into automobiles, aircraft and other products.

The use of this technology helps in providing an easy and secure platform for sharing information with the manufacturers as well as the agencies that regulate the business. This technology will also grow for tracking the maintenance records of various machines. This technology offers a Ledger for keeping a record of the elevators and the different types of engines. It also helps store and record operational records, which are extremely important in compliance with government bodies. These factors will drive the market growth for the blockchain IoT in the coming years.

Segmental Insights

Blockchain IoT market segment based on the Offerings

Based on the offering, the hardware fragment is expected to have a larger market share in the coming years. It is expected to grow at a compound annual growth rate of 93.6% during the forecast period and dominate the market in the coming years. As many tasks performed with this technology depend on the hardware used, the market for the hardware segment will continue to grow in the coming years. Fetch data from a source and transferring it to the desired location of cloud systems will lead to an increased demand for hardware. Constant research and development in the field have led to the introduction of better devices that are more efficient. There has also been an increased amount of investments made for providing innovative devices in the market.

The software segment is also expected to grow well during the forecast period. It will grow well due to this technology’s increased adoption of software. This segment will show a compound annual growth rate of 91% in the coming year.

Blockchain IoT market segment based on application

Based on the application of this technology, the data security segment is expected to have the largest market share in the coming years. This technology’s growing demand for data security will increase in the coming years. As many industries use this technology, they seek security to enhance the functioning of the business. This segment is expected to show a compound annual growth rate of 93.4% during the forecast period.

The revenue generated through this segment is expected to be U.S. dollar 1377.9 million, more than any other segment that will grow during the forecast period. As the cases of cyber-attacks have grown in recent years, the users of this technology are concerned about their data security. Data theft is a challenge in the market’s growth; therefore, there shall be an increased demand for data security in the coming years. As this technology is extremely beneficial in addressing the concerns of various companies regarding the security and safety of their data stored on the cloud, the market will continue to grow in the coming years. the smart contract segment is also expected to grow well in the coming years. There is an increased demand for this technology in managing and tracking assets.

Managing the physical assets of any company is an extremely important role in the market’s growth. This technology helps enhance the performance of any industry as it examines the performance of these machinery.

Blockchain IoT Market (By Offering)

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Blockchain IoT market segment based on the End User

Based on the end-user of this technology, the smart city segment is expected to grow well in the coming years period the demand for this technology in the development of smart cities will increase and grow at a compound annual growth rate of 93.5% in the coming years. A good amount of revenue will also be generated due to the use of this technology in developing smart cities. It is expected to be U.S. dollars 639.4 million, which will be the maximum compared to any other segment’s growth. As many advantages are provided due to blockchain technology, the market will grow in the coming years. Smart connectivity is one of the features that will lead to market growth in the coming years.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 138.78 million
Projected Market Size in 2030 USD 22189 million
CAGR Growth Rate 73.5% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players IBM (U.S.), Microsoft (U.S.), Intel (U.S.), Amazon Web Services (U.S.), Huawei (China), Cisco (U.S.), SAP (Germany), Helium (U.S.), Factom (U.S.), HYPR (U.S.), Chronicled (U.S.), Ethereum Foundation (Switzerland), The Linux Foundation (U.S.), R3 (U.S.), Arctouch (U.S.), Waltonchain (China), KrypC (India), and Others
Key Segment By Offering, Application, End Use, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfill your requirements for research.

Regional Insights

In the past, the North American region has dominated the market with the largest market share. The Asia Pacific region is expected to grow well in the coming years. As the end-user industries are aware of the benefits associated with using this technology, there shall be increased adoption in many sectors of the Asia Pacific region. This technology shall be in great demand in retail healthcare manufacturing and smart cities. Asia Pacific region is expected to grow with a compound annual growth rate of 94.8% in the coming years. It will also generate U.S. dollars 1459.8 million as revenue during the forecast period. Rapid industrialization is one of the factors that will drive the Blockchain IoT market growth in the coming years.

Blockchain IoT Market (trends by region)

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The growth of the manufacturing sectors and the infrastructures will be instrumental in the market’s growth in the coming years. Many people in the region are increasing the use of this technology due to the benefits associated with its use.

Key Players

  • IBM (US)
  • Microsoft (US)
  • Intel (US)
  • Amazon Web Services (US)
  • Huawei (China)
  • Cisco (US)
  • SAP (Germany)
  • Helium (US)
  • Factom (US)
  • HYPR (US)
  • Chronicled (US)
  • Ethereum Foundation (Switzerland)
  • The Linux Foundation (US)
  • R3 (US)
  • Arctouch (US)
  • Waltonchain (China)
  • KrypC (India)

Recent Developments

  • Thai Reinsurance Company and IBM collaborated in the year 2021 to launch Insurer Network which is a platform for smart contracts which will be provided by the IBM Cloud. This collaboration will help Thai Re to improve its efficiency as well as the speed of various contracts.

Segments covered in the report

By Offering

  • Hardware
  • Software
  • Services

By Application

  • smart contracts
  • Data security
  • Data Sharing
  • Asset management and tracking

By End User

  • Transportation
  • Health care
  • Energy and utility
  • Retail
  • Manufacturing
  • Others

On the basis of Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Blockchain IoT Market, (2022 – 2030) (USD Million)
    • 2.2 Global Blockchain IoT Market: snapshot
  • Chapter 3. Global Blockchain IoT Market – Industry Analysis
    • 3.1 Blockchain IoT Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 All The Transactions Made Through This Technology
      • 3.2.2 Transactions Are Extremely Secure
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Offering
      • 3.7.2 Market attractiveness analysis By Application
      • 3.7.3 Market attractiveness analysis By End User
  • Chapter 4. Global Blockchain IoT Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Blockchain IoT Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Blockchain IoT Market – Offering Analysis
    • 5.1 Global Blockchain IoT Market overview: By Offering
      • 5.1.1 Global Blockchain IoT Market share, By Offering, 2021 and 2030
    • 5.2 Hardware
      • 5.2.1 Global Blockchain IoT Market by Hardware, 2022 – 2030 (USD Million)
    • 5.3 Software
      • 5.3.1 Global Blockchain IoT Market by Software, 2022 – 2030 (USD Million)
    • 5.4 Services
      • 5.4.1 Global Blockchain IoT Market by Services, 2022 – 2030 (USD Million)
  • Chapter 6. Global Blockchain IoT Market – Application Analysis
    • 6.1 Global Blockchain IoT Market overview: By Application
      • 6.1.1 Global Blockchain IoT Market share, By Application, 2021 and 2030
    • 6.2 Smart Contracts
      • 6.2.1 Global Blockchain IoT Market by Smart Contracts, 2022 – 2030 (USD Million)
    • 6.3 Data Security
      • 6.3.1 Global Blockchain IoT Market by Data Security, 2022 – 2030 (USD Million)
    • 6.4 Data Sharing
      • 6.4.1 Global Blockchain IoT Market by Data Sharing, 2022 – 2030 (USD Million)
    • 6.5 Asset Management and Tracking
      • 6.5.1 Global Blockchain IoT Market by Asset Management and Tracking, 2022 – 2030 (USD Million)
  • Chapter 7. Global Blockchain IoT Market – End User Analysis
    • 7.1 Global Blockchain IoT Market overview: By End User
      • 7.1.1 Global Blockchain IoT Market share, By End User, 2021 and 2030
    • 7.2 Transportation
      • 7.2.1 Global Blockchain IoT Market by Transportation, 2022 – 2030 (USD Million)
    • 7.3 Health Care
      • 7.3.1 Global Blockchain IoT Market by Health Care, 2022 – 2030 (USD Million)
    • 7.4 Energy and Utility
      • 7.4.1 Global Blockchain IoT Market by Energy and Utility, 2022 – 2030 (USD Million)
    • 7.5 Retail
      • 7.5.1 Global Blockchain IoT Market by Retail, 2022 – 2030 (USD Million)
    • 7.6 Manufacturing
      • 7.6.1 Global Blockchain IoT Market by Manufacturing, 2022 – 2030 (USD Million)
  • Chapter 8. Blockchain IoT Market – Regional Analysis
    • 8.1 Global Blockchain IoT Market Regional Overview
    • 8.2 Global Blockchain IoT Market Share, by Region, 2021 & 2030 (USD Million)
    • 8.3. North America
      • 8.3.1 North America Blockchain IoT Market, 2022 – 2030 (USD Million)
        • 8.3.1.1 North America Blockchain IoT Market, by Country, 2022 – 2030 (USD Million)
    • 8.4 North America Blockchain IoT Market, by Offering, 2022 – 2030
      • 8.4.1 North America Blockchain IoT Market, by Offering, 2022 – 2030 (USD Million)
    • 8.5 North America Blockchain IoT Market, by Application, 2022 – 2030
      • 8.5.1 North America Blockchain IoT Market, by Application, 2022 – 2030 (USD Million)
    • 8.6 North America Blockchain IoT Market, by End User, 2022 – 2030
      • 8.6.1 North America Blockchain IoT Market, by End User, 2022 – 2030 (USD Million)
    • 8.7. Europe
      • 8.7.1 Europe Blockchain IoT Market, 2022 – 2030 (USD Million)
        • 8.7.1.1 Europe Blockchain IoT Market, by Country, 2022 – 2030 (USD Million)
    • 8.8 Europe Blockchain IoT Market, by Offering, 2022 – 2030
      • 8.8.1 Europe Blockchain IoT Market, by Offering, 2022 – 2030 (USD Million)
    • 8.9 Europe Blockchain IoT Market, by Application, 2022 – 2030
      • 8.9.1 Europe Blockchain IoT Market, by Application, 2022 – 2030 (USD Million)
    • 8.10 Europe Blockchain IoT Market, by End User, 2022 – 2030
      • 8.10.1 Europe Blockchain IoT Market, by End User, 2022 – 2030 (USD Million)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Blockchain IoT Market, 2022 – 2030 (USD Million)
        • 8.11.1.1 Asia Pacific Blockchain IoT Market, by Country, 2022 – 2030 (USD Million)
    • 8.12 Asia Pacific Blockchain IoT Market, by Offering, 2022 – 2030
      • 8.12.1 Asia Pacific Blockchain IoT Market, by Offering, 2022 – 2030 (USD Million)
    • 8.13 Asia Pacific Blockchain IoT Market, by Application, 2022 – 2030
      • 8.13.1 Asia Pacific Blockchain IoT Market, by Application, 2022 – 2030 (USD Million)
    • 8.14 Asia Pacific Blockchain IoT Market, by End User, 2022 – 2030
      • 8.14.1 Asia Pacific Blockchain IoT Market, by End User, 2022 – 2030 (USD Million)
    • 8.15. Latin America
      • 8.15.1 Latin America Blockchain IoT Market, 2022 – 2030 (USD Million)
        • 8.15.1.1 Latin America Blockchain IoT Market, by Country, 2022 – 2030 (USD Million)
    • 8.16 Latin America Blockchain IoT Market, by Offering, 2022 – 2030
      • 8.16.1 Latin America Blockchain IoT Market, by Offering, 2022 – 2030 (USD Million)
    • 8.17 Latin America Blockchain IoT Market, by Application, 2022 – 2030
      • 8.17.1 Latin America Blockchain IoT Market, by Application, 2022 – 2030 (USD Million)
    • 8.18 Latin America Blockchain IoT Market, by End User, 2022 – 2030
      • 8.18.1 Latin America Blockchain IoT Market, by End User, 2022 – 2030 (USD Million)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Blockchain IoT Market, 2022 – 2030 (USD Million)
        • 8.19.1.1 The Middle-East and Africa Blockchain IoT Market, by Country, 2022 – 2030 (USD Million)
    • 8.20 The Middle-East and Africa Blockchain IoT Market, by Offering, 2022 – 2030
      • 8.20.1 The Middle-East and Africa Blockchain IoT Market, by Offering, 2022 – 2030 (USD Million)
    • 8.21 The Middle-East and Africa Blockchain IoT Market, by Application, 2022 – 2030
      • 8.21.1 The Middle-East and Africa Blockchain IoT Market, by Application, 2022 – 2030 (USD Million)
    • 8.22 The Middle-East and Africa Blockchain IoT Market, by End User, 2022 – 2030
      • 8.22.1 The Middle-East and Africa Blockchain IoT Market, by End User, 2022 – 2030 (USD Million)
  • Chapter 9. Company Profiles
    • 9.1 IBM (U.S.)
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Microsoft (U.S.)
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Intel (U.S.)
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Amazon Web Services (U.S.)
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Huawei (China)
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Cisco (U.S.)
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 SAP (Germany)
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Helium (U.S.)
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Factom (U.S.)
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 HYPR (U.S.)
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Chronicled (U.S.)
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Ethereum Foundation (Switzerland)
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 The Linux Foundation (U.S.)
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 R3 (U.S.)
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Arctouch (U.S.)
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Waltonchain (China)
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
    • 9.17 KrypC (India)
      • 9.17.1 Overview
      • 9.17.2 Financials
      • 9.17.3 Product Portfolio
      • 9.17.4 Business Strategy
      • 9.17.5 Recent Developments

List Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Blockchain IoT Market, 2022 – 2030 (USD Million)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Blockchain IoT Market attractiveness, By Offering
  • 6. Global Blockchain IoT Market attractiveness, By Application
  • 7. Global Blockchain IoT Market attractiveness, By End User
  • 8. Global Blockchain IoT Market share by Offering, 2022 and 2030 (USD Million)
  • 9. Global Blockchain IoT Market by Hardware, 2022 – 2030 (USD Million)
  • 10. Global Blockchain IoT Market by Software, 2022 – 2030 (USD Million)
  • 11. Global Blockchain IoT Market by Services, 2022 – 2030 (USD Million)
  • 12. Global Blockchain IoT Market share by Application, 2022 and 2030 (USD Million)
  • 13. Global Blockchain IoT Market by Smart Contracts, 2022 – 2030 (USD Million)
  • 14. Global Blockchain IoT Market by Data Security, 2022 – 2030 (USD Million)
  • 15. Global Blockchain IoT Market by Data Sharing, 2022 – 2030 (USD Million)
  • 16. Global Blockchain IoT Market by Asset Management and Tracking, 2022 – 2030 (USD Million)
  • 17. Global Blockchain IoT Market share by End User, 2022 and 2030 (USD Million)
  • 18. Global Blockchain IoT Market by Transportation, 2022 – 2030 (USD Million)
  • 19. Global Blockchain IoT Market by Health Care, 2022 – 2030 (USD Million)
  • 20. Global Blockchain IoT Market by Energy and Utility, 2022 – 2030 (USD Million)
  • 21. Global Blockchain IoT Market by Retail, 2022 – 2030 (USD Million)
  • 22. Global Blockchain IoT Market by Manufacturing, 2022 – 2030 (USD Million)
  • 23. Global Blockchain IoT Market share, by Region, 2022 and 2030
  • 24. North America Blockchain IoT Market, 2022 – 2030 (USD Million)
  • 25. Europe Blockchain IoT Market, 2022 – 2030 (USD Million)
  • 26. Asia Pacific Blockchain IoT Market, 2022 – 2030 (USD Million)
  • 27. Latin America Blockchain IoT Market, 2022 – 2030 (USD Million)
  • 28. The Middle-East and Africa Blockchain IoT Market, 2022 – 2030 (USD Million)

List Of Tables

  • 1. Global Blockchain IoT Market: Snapshot
  • 2. Drivers of the Blockchain IoT Market: impact analysis
  • 3. North America Blockchain IoT Market revenue, By Offering, 2022 – 2030 (USD Million)
  • 4. North America Blockchain IoT Market revenue, By Application, 2022 – 2030 (USD Million)
  • 5. North America Blockchain IoT Market revenue, By End User, 2022 – 2030 (USD Million)
  • 6. U.S. Blockchain IoT Market revenue, By Offering, 2022 – 2030 (USD Million)
  • 7. U.S. Blockchain IoT Market revenue, By Application, 2022 – 2030 (USD Million)
  • 8. U.S. Blockchain IoT Market revenue, By End User, 2022 – 2030 (USD Million)
  • 9. Canada Blockchain IoT Market revenue, By Offering, 2022 – 2030 (USD Million)
  • 10. Canada Blockchain IoT Market revenue, By Application, 2022 – 2030 (USD Million)
  • 11. Canada Blockchain IoT Market revenue, By End User, 2022 – 2030 (USD Million)
  • 12. Europe Blockchain IoT Market revenue, By Offering, 2022 – 2030 (USD Million)
  • 13. Europe Blockchain IoT Market revenue, By Application, 2022 – 2030 (USD Million)
  • 14. Europe Blockchain IoT Market revenue, By End User, 2022 – 2030 (USD Million)
  • 15. Germany Blockchain IoT Market revenue, By Offering, 2022 – 2030 (USD Million)
  • 16. Germany Blockchain IoT Market revenue, By Application, 2022 – 2030 (USD Million)
  • 17. Germany Blockchain IoT Market revenue, By End User, 2022 – 2030 (USD Million)
  • 18. France Blockchain IoT Market revenue, By Offering, 2022 – 2030 (USD Million)
  • 19. France Blockchain IoT Market revenue, By Application, 2022 – 2030 (USD Million)
  • 20. France Blockchain IoT Market revenue, By End User, 2022 – 2030 (USD Million)
  • 21. U.K. Blockchain IoT Market revenue, By Offering, 2022 – 2030 (USD Million)
  • 22. U.K. Blockchain IoT Market revenue, By Application, 2022 – 2030 (USD Million)
  • 23. U.K. Blockchain IoT Market revenue, By End User, 2022 – 2030 (USD Million)
  • 24. Italy Blockchain IoT Market revenue, By Offering, 2022 – 2030 (USD Million)
  • 25. Italy Blockchain IoT Market revenue, By Application, 2022 – 2030 (USD Million)
  • 26. Italy Blockchain IoT Market revenue, By End User, 2022 – 2030 (USD Million)
  • 27. Spain Blockchain IoT Market revenue, By Offering, 2022 – 2030 (USD Million)
  • 28. Spain Blockchain IoT Market revenue, By Application, 2022 – 2030 (USD Million)
  • 29. Spain Blockchain IoT Market revenue, By End User, 2022 – 2030 (USD Million)
  • 30. Rest of Europe Blockchain IoT Market revenue, By Offering, 2022 – 2030 (USD Million)
  • 31. Rest of Europe Blockchain IoT Market revenue, By Application, 2022 – 2030 (USD Million)
  • 32. Rest of Europe Blockchain IoT Market revenue, By End User, 2022 – 2030 (USD Million)
  • 33. Asia Pacific Blockchain IoT Market revenue, By Offering, 2022 – 2030 (USD Million)
  • 34. Asia Pacific Blockchain IoT Market revenue, By Application, 2022 – 2030 (USD Million)
  • 35. Asia Pacific Blockchain IoT Market revenue, By End User, 2022 – 2030 (USD Million)
  • 36. China Blockchain IoT Market revenue, By Offering, 2022 – 2030 (USD Million)
  • 37. China Blockchain IoT Market revenue, By Application, 2022 – 2030 (USD Million)
  • 38. China Blockchain IoT Market revenue, By End User, 2022 – 2030 (USD Million)
  • 39. Japan Blockchain IoT Market revenue, By Offering, 2022 – 2030 (USD Million)
  • 40. Japan Blockchain IoT Market revenue, By Application, 2022 – 2030 (USD Million)
  • 41. Japan Blockchain IoT Market revenue, By End User, 2022 – 2030 (USD Million)
  • 42. India Blockchain IoT Market revenue, By Offering, 2022 – 2030 (USD Million)
  • 43. India Blockchain IoT Market revenue, By Application, 2022 – 2030 (USD Million)
  • 44. India Blockchain IoT Market revenue, By End User, 2022 – 2030 (USD Million)
  • 45. South Korea Blockchain IoT Market revenue, By Offering, 2022 – 2030 (USD Million)
  • 46. South Korea Blockchain IoT Market revenue, By Application, 2022 – 2030 (USD Million)
  • 47. South Korea Blockchain IoT Market revenue, By End User, 2022 – 2030 (USD Million)
  • 48. South-East Asia Blockchain IoT Market revenue, By Offering, 2022 – 2030 (USD Million)
  • 49. South-East Asia Blockchain IoT Market revenue, By Application, 2022 – 2030 (USD Million)
  • 50. South-East Asia Blockchain IoT Market revenue, By End User, 2022 – 2030 (USD Million)
  • 51. Rest of Asia Pacific Blockchain IoT Market revenue, By Offering, 2022 – 2030 (USD Million)
  • 52. Rest of Asia Pacific Blockchain IoT Market revenue, By Application, 2022 – 2030 (USD Million)
  • 53. Rest of Asia Pacific Blockchain IoT Market revenue, By End User, 2022 – 2030 (USD Million)
  • 54. Latin America Blockchain IoT Market revenue, By Offering, 2022 – 2030 (USD Million)
  • 55. Latin America Blockchain IoT Market revenue, By Application, 2022 – 2030 (USD Million)
  • 56. Latin America Blockchain IoT Market revenue, By End User, 2022 – 2030 (USD Million)
  • 57. Brazil Blockchain IoT Market revenue, By Offering, 2022 – 2030 (USD Million)
  • 58. Brazil Blockchain IoT Market revenue, By Application, 2022 – 2030 (USD Million)
  • 59. Brazil Blockchain IoT Market revenue, By End User, 2022 – 2030 (USD Million)
  • 60. Mexico Blockchain IoT Market revenue, By Offering, 2022 – 2030 (USD Million)
  • 61. Mexico Blockchain IoT Market revenue, By Application, 2022 – 2030 (USD Million)
  • 62. Mexico Blockchain IoT Market revenue, By End User, 2022 – 2030 (USD Million)
  • 63. Rest of Latin America Blockchain IoT Market revenue, By Offering, 2022 – 2030 (USD Million)
  • 64. Rest of Latin America Blockchain IoT Market revenue, By Application, 2022 – 2030 (USD Million)
  • 65. Rest of Latin America Blockchain IoT Market revenue, By End User, 2022 – 2030 (USD Million)
  • 66. The Middle-East and Africa Blockchain IoT Market revenue, By Offering, 2022 – 2030 (USD Million)
  • 67. The Middle-East and Africa Blockchain IoT Market revenue, By Application, 2022 – 2030 (USD Million)
  • 68. The Middle-East and Africa Blockchain IoT Market revenue, By End User, 2022 – 2030 (USD Million)
  • 69. GCC Countries Blockchain IoT Market revenue, By Offering, 2022 – 2030 (USD Million)
  • 70. GCC Countries Blockchain IoT Market revenue, By Application, 2022 – 2030 (USD Million)
  • 71. GCC Countries Blockchain IoT Market revenue, By End User, 2022 – 2030 (USD Million)
  • 72. South Africa Blockchain IoT Market revenue, By Offering, 2022 – 2030 (USD Million)
  • 73. South Africa Blockchain IoT Market revenue, By Application, 2022 – 2030 (USD Million)
  • 74. South Africa Blockchain IoT Market revenue, By End User, 2022 – 2030 (USD Million)
  • 75. Rest of Middle-East Africa Blockchain IoT Market revenue, By Offering, 2022 – 2030 (USD Million)
  • 76. Rest of Middle-East Africa Blockchain IoT Market revenue, By Application, 2022 – 2030 (USD Million)
  • 77. Rest of Middle-East Africa Blockchain IoT Market revenue, By End User, 2022 – 2030 (USD Million)

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Key Players

  • IBM (US)
  • Microsoft (US)
  • Intel (US)
  • Amazon Web Services (US)
  • Huawei (China)
  • Cisco (US)
  • SAP (Germany)
  • Helium (US)
  • Factom (US)
  • HYPR (US)
  • Chronicled (US)
  • Ethereum Foundation (Switzerland)
  • The Linux Foundation (US)
  • R3 (US)
  • Arctouch (US)
  • Waltonchain (China)
  • KrypC (India)

FAQs

The “North American” region will lead the global Blockchain IoT market during the forecast period 2022 to 2030.

The key factors driving the market [Growth Factors].

The key players operating in the Blockchain IoT market are IBM (US), Microsoft (US), Intel (US), Amazon Web Services (US), Huawei (China), Cisco (US), SAP (Germany), Helium (US), Factom (US), HYPR (US), Chronicled (US), Ethereum Foundation (Switzerland), The Linux Foundation (US), R3 (US), Arctouch (US), Waltonchain (China), KrypC (India).

The global Blockchain IoT market is expanding growth with a CAGR of approximately 73.5% during the forecast period (2022 to 2030).

The global Blockchain IoT market size was valued at USD 134.41 million in 2021 and it is projected to reach around USD 19740 million by 2030.

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