Blockchain IoT Market
Global Blockchain IoT Market Size, Share & Trends Analysis Report by Hardware (IoT Sensors, and Crypto-Wallets), by Software & Services (Technology Advisory & Consulting Services, Deployment & Integration Services, and Support & Maintenance), by Application (Smart Contracts, Security, Data Sharing/ Communication, and Asset Tracking & Management) and by Verticals (Energy & Utilities, Transportation & Logistics, Manufacturing, Building Management, Healthcare, Others (Retail, Wearable & Mobile Devices)) Forecast Period (2022-2028).
The global blockchain IoT market is anticipated to grow at a significant CAGR of 49.2% during the forecast period. The global blockchain IoT is expected to grow during the forecast period due to the rapid development of communication technologies, the Internet of Things is experiencing exponential growth, both in research and industry, and is getting out of its infancy to a maturity phase with the volume of data generated, transmitted, and processed. However, it still suffers from pitfalls, such as privacy and security vulnerabilities, that are leveraged by the asymmetric cryptography of blockchain technology.
Impact of COVID-19 Pandemic on Global Blockchain IoT Market
Due to the COVID-19 pandemic, the dependency on online businesses has increased remarkably. BFSI, manufacturing, automotive, retail, transport, and logistics, among others, were leveraging the internet to provide essential services to consumers. Vendors have experienced reduced demand for a blockchain IoT system. The lockdown executed around the world had affected the demand and supply of the various hardware components required for blockchain IoT.
Segmental Outlook
The global blockchain IoT market is segmented based on the hardware, software & services, applications, and verticals. Based on the hardware, the market is segmented into IoT sensors, and crypto-wallets. Based on the software & services, the market is sub-segmented into the technology advisory & consulting services, deployment & integration services, and support & maintenance. Based on the applicaton, the market is sub-segmented into the smart contracts, security, data sharing/ communication, and asset tracking & management. Based on the verticals, the market is sub-segmented into the energy & utilities, transportation & logistics, manufacturing, building management, healthcare, others. Among this asset tracking and management is expected to grow during the forecast period. Asset tracking and management play a crucial role in supervising the working of the machinery on the manufacturing floor.
Global Blockchain IoT Market Share by Building Management, 2021 (%)
The Building Management Segment is Expected to holds the Prominent Share in the Global Blockchain IoT Market.
The building management segment is expected to hold a prominent share during the forecast period due to increasingly adopting blockchain IoT solutions. With the support of blockchain, smart home devices become immutable and safe from cyberattacks. Blockchain also authorizes building owners to securely enable other parties to access specific areas and devices without giving them access to everything. expanding marketplace efficiency is advantageous in facility management too. The blockchain is a secure way to transfer data and automate transactions. In February 2021, Kellton Tech introduced KeLive a one-stop, cloud-based, and intelligent building management system. KeLive is engineered to help real estate agencies and property management companies automate rule-based tasks and govern administrative operations anywhere, anytime, and across devices.
Regional Outlooks
The global blockchain IoT market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for particular region or country level as per the requirement. among this the North American region is expected to hold a prominent share in the global blockchain IoT market due to the digital transformation of this region. For instance, in September 2019- Linux Foundation announced that it seeks to closely integrate with IOTA Foundation to further leverage the LF Edge table. This open collaboration conducts the development of the LF Edge framework, which is an open-source stack of cloud interoperability, IoT edge with distributed ledger technologies, and would support the company leverage its stack of technologies to advance its development perspective toward interoperable solutions for IoT, cloud, and edge integration.
Global Blockchain IoT Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to be the Fastest Gowing in the Global Blockchain IoT Market
The Asia Pacific region is expected to be the fastest-growing in the global blockchain IoT market. Asia Pacific countries are gradually investing in blockchain IoT projects. The region comprises emerging economies, including ANZ, China, Japan, and Singapore. With the accretion of IoT in the Asia Pacific region, security and fraud concerns have risen; the integration of blockchain with IoT would enhance enterprise databases' trust and security. For instance, For instance, in November 2019, Hyperchain, a blockchain firm, announced that China's State Grid Corporation accepted its bid for a blockchain solution to leverage the Internet of things (IoT) capabilities as part of its acquisition program.
Market Players Outlook
The major companies serving the global blockchain IoT market include Algorythmix Tech Pvt Ltd., Amazon Web Services, Inc., Ambrosus Network., ArcTouch, Atonomi, LLC, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, In September 2020, Huawei modernize its blockchain-based cloud service, Blockchain Service 2.0 (BCS 2.0). The new and enhanced platform meets performance requirements of 50,000 Transactions Per Second (TPS), which is much greater than Bitcoin and Ethereum. Moreover, BCS 2.0 extension ability will reach more than 1,000 nodes, thereby meeting the requirements of commercial and large-scale blockchain networks.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global blockchain IoT market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Blockchain IoT Market
• Recovery Scenario of Global Blockchain IoT Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Blockchain IoT Market by Hardware
4.1.1. IoT Sensors
4.1.2. Crypto-wallets
4.2. Global Blockchain IoT Market by Software & Services
4.2.1. Technology Advisory & Consulting Services
4.2.2. Deployment & Integration Services
4.2.3. Support & Maintenance
4.3. Global Blockchain IoT Market by Application
4.3.1. Smart Contracts
4.3.2. Security
4.3.3. Data Sharing/ Communication
4.3.4. Asset Tracking & Management
4.4. Global Blockchain IoT Market by Verticals
4.4.1. Energy & Utilities
4.4.2. Transportation & Logistics
4.4.3. Manufacturing
4.4.4. Building Management
4.4.5. Healthcare
4.4.6. Others (Retail, Wearable & Mobile Devices)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Algorythmix Tech Pvt Ltd.
6.2. Amazon Web Services, Inc.
6.3. Ambrosus Network.
6.4. ArcTouch
6.5. Atonomi, LLC
6.6. Auxesis Services & Technologies (P) Ltd.
6.7. Chronicled
6.8. Huawei Technologies Co., Ltd.
6.9. HYPR Corp
6.10. IBM Corp
6.11. Intel Corp
6.12. IOTA Foundation
6.13. IOTA Foundation
6.14. IoTeX
6.15. KrypC
6.16. Microsoft
6.17. NetObjex
6.18. R3 HoldCo LLC
6.19. SAP
6.20. Xage Security, Inc.
1. GLOBAL BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY HARDWARE, 2021-2028 ($ MILLION)
2. GLOBAL BLOCKCHAIN IOT SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL BLOCKCHAIN CRYPTO-WALLETS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY SOFTWARE & SERVICES, 2021-2028 ($ MILLION)
5. GLOBAL BLOCKCHAIN IOT FOR TECHNOLOGY ADVISORY & CONSULTING SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL BLOCKCHAIN IOT FOR DEPLOYMENT & INTEGRATION SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL BLOCKCHAIN IOT FOR SUPPORT & MAINTENANCE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY APPLICATON, 2021-2028 ($ MILLION)
9. GLOBAL SMART CONTRACTS BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL SECURITY BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL DATA SHARING/ COMMUNICATION BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL ASSET TRACKING & MANAGEMENT BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY VERTICALS, 2021-2028 ($ MILLION)
14. GLOBAL BLOCKCHAIN IOT FOR ENERGY & UTILITIES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL BLOCKCHAIN IOT FOR TRANSPORTATION & LOGISTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL BLOCKCHAIN IOT FOR MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL BLOCKCHAIN IOT FOR BUILDING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. GLOBAL BLOCKCHAIN IOT FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
19. GLOBAL BLOCKCHAIN IOT FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
20. GLOBAL BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
21. NORTH AMERICAN BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. NORTH AMERICAN BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY HARDWARE, 2021-2028 ($ MILLION)
23. NORTH AMERICAN BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY SOFTWARE & SERVICES, 2021-2028 ($ MILLION)
24. NORTH AMERICAN BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
25. NORTH AMERICAN BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY VERTICALS, 2021-2028 ($ MILLION)
26. EUROPEAN BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
27. EUROPEAN BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY HARDWARE, 2021-2028 ($ MILLION)
28. EUROPEAN BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY SOFTWARE & SERVICES, 2021-2028 ($ MILLION)
29. EUROPEAN BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
30. EUROPEAN BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY VERTICALS, 2021-2028 ($ MILLION)
31. ASIA-PACIFIC BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
32. ASIA-PACIFIC BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY HARDWARE, 2021-2028 ($ MILLION)
33. ASIA-PACIFIC BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY SOFTWARE & SERVICES, 2021-2028 ($ MILLION)
34. ASIA-PACIFIC BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
35. ASIA-PACIFIC BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY VERTICALS, 2021-2028 ($ MILLION)
36. REST OF THE WORLD BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
37. REST OF THE WORLD BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY HARDWARE, 2021-2028 ($ MILLION)
38. REST OF THE WORLD BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY SOFTWARE & SERVICES, 2021-2028 ($ MILLION)
39. REST OF THE WORLD BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
40. REST OF THE WORLD BLOCKCHAIN IOT MARKET RESEARCH AND ANALYSIS BY VERTICALS, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL BLOCKCHAIN IOT MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL BLOCKCHAIN IOT MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL BLOCKCHAIN IOT MARKET, 2022-2028 (%)
4. GLOBAL BLOCKCHAIN IOT MARKET SHARE BY HARDWARE, 2021 VS 2028 (%)
5. GLOBAL BLOCKCHAIN IOT SENSORS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL BLOCKCHAIN IOT CRYPTO-WALLETS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL BLOCKCHAIN IOT MARKET SHARE BY SOFTWARE & SERVICES, 2021 VS 2028 (%)
8. GLOBAL BLOCKCHAIN IOT FOR TECHNOLOGY ADVISORY & CONSULTING SERVICES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL BLOCKCHAIN IOT FOR DEPLOYMENT & INTEGRATION SERVICES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL BLOCKCHAIN IOT FOR SUPPORT & MAINTENANCE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL BLOCKCHAIN IOT MARKET SHARE BY APPLICATIONS, 2021 VS 2028 (%)
12. GLOBAL SMART CONTRACTS BLOCKCHAIN IOT TECHNOLOGY ADVISORY & CONSULTING SERVICES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL SECURITY BLOCKCHAIN IOT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL DATA SHARING/ COMMUNICATION BLOCKCHAIN IOT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL ASSET TRACKING & MANAGEMENT BLOCKCHAIN IOT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL BLOCKCHAIN IOT MARKET SHARE BY VERTICALS, 2021 VS 2028 (%)
17. GLOBAL BLOCKCHAIN IOT FOR ENERGY & UTILITIES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL BLOCKCHAIN IOT FOR TRANSPORTATION & LOGISTICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. GLOBAL BLOCKCHAIN IOT FOR MANUFACTURING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
20. GLOBAL BLOCKCHAIN IOT FOR BUILDING MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
21. GLOBAL BLOCKCHAIN IOT FOR HEALTHCARE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
22. GLOBAL BLOCKCHAIN IOT FOR OTHERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
23. GLOBAL BLOCKCHAIN IOT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
24. US BLOCKCHAIN IOT MARKET SIZE, 2021-2028 ($ MILLION)
25. CANADA BLOCKCHAIN IOT MARKET SIZE, 2021-2028 ($ MILLION)
26. UK BLOCKCHAIN IOT MARKET SIZE, 2021-2028 ($ MILLION)
27. FRANCE BLOCKCHAIN IOT MARKET SIZE, 2021-2028 ($ MILLION)
28. GERMANY BLOCKCHAIN IOT MARKET SIZE, 2021-2028 ($ MILLION)
29. ITALY BLOCKCHAIN IOT MARKET SIZE, 2021-2028 ($ MILLION)
30. SPAIN BLOCKCHAIN IOT MARKET SIZE, 2021-2028 ($ MILLION)
31. REST OF EUROPE BLOCKCHAIN IOT MARKET SIZE, 2021-2028 ($ MILLION)
32. INDIA BLOCKCHAIN IOT MARKET SIZE, 2021-2028 ($ MILLION)
33. CHINA BLOCKCHAIN IOT MARKET SIZE, 2021-2028 ($ MILLION)
34. JAPAN BLOCKCHAIN IOT MARKET SIZE, 2021-2028 ($ MILLION)
35. SOUTH KOREA BLOCKCHAIN IOT MARKET SIZE, 2021-2028 ($ MILLION)
36. REST OF ASIA-PACIFIC BLOCKCHAIN IOT MARKET SIZE, 2021-2028 ($ MILLION)
37. REST OF THE WORLD BLOCKCHAIN IOT MARKET SIZE, 2021-2028 ($ MILLION)
