Blockchain IoT Market Key Highlights:
- Market Size (2024): USD 1.34 Billion
- Projected Market Size (2034): USD 20.66 Billion
- CAGR (2023-2034): 31.50%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Blockchain IoT Market Definition
The blockchain IoT market is a prominent segment of the next-generation technology industry. This industry deals in developing integrated IoT-blockchain solutions for numerous industries across the world. There are various benefits of blockchain IoT, such as help in supply chain management, data tracking, scalability, energy consumption, data integrity, and some others. The different components of this industry consist of hardware, software platforms, and services. The integration of blockchain technology in IoT devices helps in enhancing the security of the systems. This market is likely to rise significantly with the growth of the IT sector across the world.
The rise in the number of SMEs and large enterprises around the world has increased the demand for IoT solutions that provide additional security, thereby driving market growth. Also, the growing application of blockchain IoT, such as data security, smart contracts, asset tracking & management, and others, has shaped the industry in a positive way. Moreover, the rising use of these solutions in several industries, such as transportation & logistics, manufacturing, healthcare, retail, consumer electronics, and others, is anticipated to drive the growth of the blockchain IoT market.
Advancements in metaverse along with rapid adoption of blockchain in fintech sector is expected to create ample growth opportunities for the market players in the future. In May 2024, WiMi Hologram Cloud launched a blockchain-based IoT data perception system. This system is designed for data verification, decentralized storage, automated management using smart contracts, and securing data exchange using advanced cryptographic methods.
Blockchain IoT Market Segmentation:
By Type
- Hardware
- Software
- Services
By Application
- Supply Chain and Logistics
- Automotive
- Healthcare
- Manufacturing
- Retail
- Government
- Energy and Utility
- Others
Blockchain IoT Market Companies:
- Intel Corporation
- Microsoft Corporation
- IBM Corporation
- Cisco Systems
- Amazon.com Inc.
- R3
- Chronicled
- Ethereum Foundation
- Filament
- KrypC
- The Linux Foundation
- ArcTouch.
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