Top Blockchain IoT Companies

Blockchain IoT Market size was valued at USD 329.6 Million in 2023 and is poised to grow from USD 490.8 Million in 2024 to USD 7964.2 Million by 2032, growing at a CAGR of 0.489 during the forecast period (2025-2032).

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 Corporation ', 'Intel Corporation ', 'Microsoft Corporation ', 'Cisco Systems Inc. ', 'Amazon Inc. ', 'Robert Bosch GmbH ', 'The Linux Foundation ', 'KrypC Technologies ', 'Ethereum Foundation ', 'R3 LLC ', 'IoTA ', 'Waltonchain'

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. 

Over the past few decades, the world has experienced unprecedented urbanization, mainly due to population growth, resource scarcity and climate change with around 54% living in cities according to the UN, which can increase to 66% by 2050. Focus on modern technologies such as blockchain. Providing a sustainable environment is one of the key characteristics of smart cities. With the rapid development of industrial cities, it is important to monitor environmental indicators. A key challenge in environmental monitoring is the collection of real-time data using reliable and accurate monitoring tools. The significant role played by smart city platforms is likely to benefit the market expansion during the forecast period.

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.