What is the global market size of the Blockchain IoT Market?

Global Blockchain IoT Market size was valued at USD 374.4 million in 2021 and is poised to grow from USD 543.3 million in 2022 to USD 10678.4 million by 2030, growing at a CAGR of 45% in the forecast period (2023-2030).

Who are the key vendors in the Global Blockchain IoT Market?

Global blockchain iot market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global blockchain iot market 'IBM', 'Microsoft', 'Intel', ' Amazon.com, Inc. ', ' Cisco Systems, Inc. ', ' Huawei Technologies Co., Ltd. ', ' Oracle Corporation ', ' SAP SE ', ' Accenture plc ', ' PTC Inc. ', ' Blockchain IoT Solutions Inc. ', ' Filament ', ' Helium Systems Inc. ', ' Chronicled Inc. ', ' Factom Inc. ', ' Chain of Things Ltd. ', ' Ethereum ', ' IOTA Foundation ', ' Xage Security Inc. ', ' Weeve GmbH '

What is the key driver of the Global Blockchain IoT Market?

IoT devices are widely used in various applications including smart city projects, smart transportation, automotive connections, smart grids, and smart homes. However, as connectivity increases, IoT devices are becoming vulnerable to security issues such as distributed denial of service (DDoS) attacks, botnet attacks, and weak ecosystem interfaces. Vulnerable IoT devices give cybercriminals easy access to security systems. Blockchain solutions establish a decentralized network of IoT devices, eliminating the need for a single site to manage device connectivity. Blockchain is an exciting solution for IoT security as it provides strong protection against data modification and unauthorized access to IoT devices. Using blockchain to store IoT data adds an additional level of security, powerful encryption, and transparency, ensuring that only authorized individuals has access to the IoT network. As a result, businesses using IoT-enabled sensors are turning to blockchain technology to improve the security of their IoT assets.

What is the key market trend for the Global Blockchain IoT Market?

Data security is one of the most important limitations for devices and services deployed in the metropolitan metropolis, which, when combined with blockchain's decentralized platform, ensures public trust and thus promotes market growth. Also, government projects around the world are beginning to recognize the potential of blockchain as it provides the necessary infrastructure for transaction management and guarantees transparency and security, both of which are key trends in smart city development.

Which region accounted for the largest share in the Global Blockchain IoT Market?

On the basis of region, global blockchain iot market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. North America dominated the global blockchain IoT market by region due to the early adoption of new technologies and the availability of the latest technology infrastructure. North America is expected to gain prominence due to the presence of major technology players, including IBM, Microsoft, and Cisco, and the high adoption of IoT and blockchain technology in various industries such as healthcare, manufacturing, and transportation.

Top Blockchain IoT Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Blockchain IoT Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Blockchain IoT industry players.

Blockchain IoT Market Competitive Landscape

Global blockchain iot market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global blockchain iot market

For example, in 2021, Thai reinsurance businesses and IBM Insurance Company's network will launch a platform for smart contracts powered by the IBM Cloud. This collaboration will help Thai Railways to increase its efficiency and speed of execution of various contracts.

Blockchain Iot Market Top Player's Company Profiles

Microsoft

Intel
Amazon.com, Inc.
Cisco Systems, Inc.
Huawei Technologies Co., Ltd.
Oracle Corporation
SAP SE
Accenture plc
PTC Inc.
Blockchain IoT Solutions Inc.
Filament
Helium Systems Inc.
Chronicled Inc.
Factom Inc.
Chain of Things Ltd.
Ethereum
IOTA Foundation
Xage Security Inc.
Weeve GmbH

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FAQs

Blockchain IoT Market size was valued at USD 492.96 Million in 2024 and is poised to grow from USD 735.5 Million in 2025 to USD 18060.55 Million by 2033, growing at a CAGR of 49.2% during the forecast period (2026–2033).

The blockchain IoT market is highly dynamic and competitive, with leading technology companies, startups and industry-specific players vying for dominance. The competition stems from the need to deliver secure, transparent and efficient IoT solutions by integrating blockchain technology. The landscape is characterized by strategy, collaboration, acquisition and innovation. IBM Blockchain is focused on developing platforms and solutions that seamlessly interact with IoT devices and networks. Their strategy includes leveraging their extensive cloud services and AI capabilities to improve IoT solutions. 'IBM (USA)', 'Microsoft (USA) ', 'Intel (USA) ', 'Amazon Web Services (AWS) (USA) ', 'Huawei (China) ', 'Cisco Systems, Inc. (USA) ', 'SAP SE (Germany) ', 'The Linux Foundation (USA) ', 'R3 (USA) ', 'Accenture (Ireland) ', 'Oracle Corporation (USA) ', 'Samsung (South Korea) ', 'Bosch (Germany) ', 'Gemalto (Netherlands) ', 'Filament (USA) ', 'Xage Security (USA) ', 'Chronicled (USA) ', 'IOTA Foundation (Germany) ', 'Fetch.ai (UK) ', 'hedera hashgraph (USA)'

One of the major drivers of the Blockchain IoT market is the improved security and data integrity offered by blockchain technology. Using a decentralized and tamper-proof ledger, blockchain ensures that IoT data is secure, verifiable and resistant to unauthorized alteration. This capability is essential for applications where data integrity and security are paramount, such as healthcare, finance, and supply chain management.

North America accounted for the largest revenue share at 34.6% by 2022 and is expected to grow significantly during the forecast period. One of the most important factors driving the growth of the market in this segment is the presence of major players such as IBM Corporation, Microsoft Corporation, Amazon.com, Inc., and Cisco Systems, Inc. Also, the segment is at the forefront of adopting emerging technologies, including blockchain and IoT, which contribute to its growth.

Top Blockchain IoT Companies

Blockchain IoT Market Competitive Landscape

FAQs

What is the global market size of Blockchain IoT Market?

Who are the key vendors in the Blockchain IoT Market?

What is the key driver of Blockchain IoT Market?

What is the key market trend for Blockchain IoT Market?

Which region accounted for the largest share in Blockchain IoT Market?

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