Blockchain IoT

Blockchain IoT Market to Record Huge CAGR of 73.5% Through 2030

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The global blockchain IoT market value is expected to reach US$ 31.28 Billion by the end of 2030, decelerating at a CAGR of 73.5% from 2021 to 2030. The report contains 150+ pages with detailed analysis.

The study provides the overall revenue of the global blockchain IoT market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year.

The global blockchain IoT market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the blockchain IoT industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Traditional IoT arrangements are reliant on a central architecture. Data is directed from the device to the cloud where the information is managed using analytics and then directed back to the IoT equipment. With thousands of millions of devices set to enter IoT networks in the approaching years, this category of centralized arrangement has very restricted scalability, exposing billions of vulnerable points that jeopardize network security and can become extremely costly and sluggish if third force have to continually check and validate all the micro-transactions. Smart contracts in the blockchain systems allow devices to operate securely and independently by creating contracts that are only implemented upon achievement of specific necessities. It not just allows for scalability, cheaper transfers, and better automation, but the smart contracts can also avert overrides by persons that want to exploit the data for their personal benefit. Data is shared over a distributed, cryptographically protected network, meaning it is very tough to jeopardize the network safety.

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What are the Growth Factors:

Factors such as growing adoption of Internet of Things (IoT), rising focus on operational efficiency, increasing requirement for IoT security, streamlining of business processes, better transparency offered by blockchain technology, increasing adoption of blockchain smart contracts are driving the growth of blockchain IoT market. Moreover, growing implementation of blockchain technology in the healthcare sector for reducing operational costs is driving the blockchain IoT market growth across the world. Additional features that are expected to fuel this business are integration of latest technologies and growing investment by governments.

As millions of systems, services, and devices get linked, the consumers are receiving benefit from the enhanced lifestyle and businesses are becoming more competent as they minimalize their operational expenses and raise their asset application. The blockchain IoT market is anticipated be primarily driven by more ubiquitous and inexpensive sensors that translate the physical data to digital matter. The usage, application, and development of IoT will probably continue to grow with the launch of 5G (fifth-generation) cellular technologies and systems. The 5G technology allows bigger number of equipment’s to be connected concurrently to a network and interconnect with minimal adjournments, supporting not just consumer but commercial use of IoT systems and devices.

Report Coverage:

Report Highlights Details
Market Size USD 31.28 Billion by 2030
Growth Rate CAGR of 73.5% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Component, Application, End-Use Industry
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned The Linux Foundation, KrypC, Microsoft, Amazon, Ethereum Foundation, Cisco Systems, IoTEX, IBM, Intel

Report Highlights:

  • Among the component segment, software’s dominated the overall market in 2020. High activity in the area of software development for better implementation of blockchain IoT technologies is the foremost factors attributing to its large market share.
  • The asset management and tracking segment accounted for the major share of revenue in the application segment with more than 31% share in 2020 due to high use of blockchain IoT for streamlining operational expenses. Data Security segment is anticipated to grow at the uppermost CAGR through the forecast duration.
  • Transportation accounted for the largest revenue in the end-use industry segment. Early implementation of blockchain IoT technology in the transportation sector for better logistics is the key reason for high market share. Smart City segment is expected to grow at the highest growth rate through the estimate duration.
  • Microsoft and Cisco Systems accounted for a significant share of the global blockchain IoT market.

Regional Analysis:

The report includes information for Asia Pacific, North America, Latin America, Europe, Middle East, and Africa. In 2020, the North America region dominated the worldwide market with a market share of higher than 45%. The U.S. indicated the highest slice in North America principally due to early application of latest technologies. Moreover, availability of latest technology infrastructure also supported the high market portion of North America.

Europe was the subsequent significant market chiefly due to presence of skilled professionals. Presence of major companies in the European region is also expected to lift the demand for blockchain IoT in the anticipated time-span. The Asia Pacific region is projected to grow at the highest CAGR of around 86.2% in the estimate period due to increasing investment by governments on latest technologies. Latin America and Middle East and African region will display noticeable growth.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global blockchain IoT market are as follows:

  • The Linux Foundation
  • KrypC
  • Microsoft
  • Amazon
  • Ethereum Foundation
  • Cisco Systems
  • IoTEX
  • IBM
  • Intel

Market Segmentation

Major Market Segments Covered:

By Component

  • Services
  • Hardware
  • Software

By Application

  • Data Security
  • Asset Management and Tracking
  • Smart Contracts
  • Data Sharing
  • Others

By End-Use Industry

  • Retail
  • Transportation
  • Smart City
  • Manufacturing
  • Construction
  • Consumer Electronics
  • Healthcare
  • Others

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights covered in the report include:

Market Demand-Supply Analysis – The report covers detailed insights into demand and supply forces prevailing in the global blockchain IoT market. It examines trends and factors influencing demand for blockchain IoT globally and gauges the impact of the same on the production.

Pricing Analysis – The report presents an exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.

Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.

Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for blockchain IoT across the world.

Competitive Analysis – Some of the leading market players are profiled in the report on blockchain IoT. The report offers an estimation of share individually help by the market players and determines the impact of some of their popular strategies.

COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.

Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

Why should you invest in this report?

If you are aiming to enter the global blockchain IoT market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for blockchain IoT are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Blockchain IoT Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. COVID 19 Impact on Blockchain IoT Market

5.1. Covid-19: Blockchain IoT Industry Impact
5.2. Blockchain IoT Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Blockchain IoT Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Blockchain IoT Market Players to deal with Covid-19 Pandemic Scenario

Chapter 6. Blockchain IoT Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Growing adoption of Internet of Things (IoT)
6.1.1.2. Rising focus on operational efficiency
6.1.2. Market Restraints
6.1.2.1. Uncertain regulatory status
6.1.3. Market Opportunities
6.1.3.1. Growing implementation of blockchain technology in the healthcare sector
6.1.3.2. Integration of latest technologies and growing investment by governments

Chapter 7. Global Blockchain IoT Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Blockchain IoT Market Revenue by Market Players (2016 -2019)
7.1.1.2. Blockchain IoT Market Revenue Market Share by Market Players (2016 -2019)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of End-users

Chapter 8. Global Blockchain IoT Market, By Component

8.1. Blockchain IoT Market, by Component, 2017-2030
8.1.1. Services
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Hardware
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Software
8.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Blockchain IoT Market, By Application

9.1. Blockchain IoT Market, by Application, 2017-2030
9.1.1. Data Security
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Asset Management and Tracking
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Smart Contracts
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Data Sharing
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Blockchain IoT Market, By End-Use Industry

10.1. Blockchain IoT Market, by End-Use Industry, 2017-2030
10.1.1. Retail
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Transportation
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Smart City
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Manufacturing
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Construction
10.1.5.1. Market Revenue and Forecast (2017-2030)
10.1.6. Consumer Electronics
10.1.6.1. Market Revenue and Forecast (2017-2030)
10.1.7. Healthcare
10.1.7.1. Market Revenue and Forecast (2017-2030)
10.1.8. Others
10.1.8.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Blockchain IoTMarket, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue Forecast by Component(2017-2030)
11.1.2. Market Revenue Forecast by Application (2017-2030)
11.1.3. Market Revenue Forecast by End-Use Industry (2017-2030)
11.1.4. U.S
11.1.4.1. Market Revenue Forecast (2017-2030)
11.1.5. Canada
11.1.5.1. Market Revenue Forecast (2017-2030)
11.2. Europe
11.2.1. Market Revenue Forecast by Component (2017-2030)
11.2.2. Market Revenue Forecast by Application (2017-2030)
11.2.3. Market Revenue Forecast by End-Use Industry (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue Forecast (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue Forecast (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue Forecast (2017-2030)
11.2.7. Rest of EU
11.2.7.1. Market Revenue Forecast (2017-2030)
11.3. Asia Pacific (APAC)
11.3.1. Market Revenue Forecast by Component (2017-2030)
11.3.2. Market Revenue Forecast by Application (2017-2030)
11.3.3. Market Revenue Forecast by End-Use Industry (2017-2030)
11.3.4. China
11.3.4.1. Market Revenue Forecast (2017-2030)
11.3.5. India
11.3.5.1. Market Revenue Forecast (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue Forecast (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue Forecast (2017-2030)
11.4. LATAM
11.4.1. Market Revenue Forecast by Component (2017-2030)
11.4.2. Market Revenue Forecast by Application (2017-2030)
11.4.3. Market Revenue Forecast by End-Use Industry (2017-2030)
11.4.4. Brazil
11.4.4.1. Market Revenue Forecast (2017-2030)
11.4.5. Rest of LATAM
11.4.5.1. Market Revenue Forecast (2017-2030)
11.5. Middle East and Africa (MEA)
11.5.1. Market Revenue Forecast by Component (2017-2030)
11.5.2. Market Revenue Forecast by Application (2017-2030)
11.5.3. Market Revenue Forecast by End-Use Industry (2017-2030)
11.5.4. GCC
11.5.4.1. Market Revenue Forecast (2017-2030)
11.5.5. North Africa
11.5.5.1. Market Revenue Forecast (2017-2030)
11.5.6. South Africa
11.5.6.1. Market Revenue Forecast (2017-2030)
11.5.7. Rest of MEA
11.5.7.1. Market Revenue Forecast (2017-2030)

Chapter 12. Company Profiles

12.1. The Linux Foundation
12.1.1. Company Overview, Business Information, Regional Presence
12.1.2. Product Portfolio Analysis
12.1.2.1. Component Details, Specification, Application
12.1.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.1.4. Recent Developments and Strategies
12.2. KrypC
12.2.1. Company Overview, Business Information, Regional Presence
12.2.2. Product Portfolio Analysis
12.2.2.1. Component Details, Specification, Application
12.2.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.2.4. Recent Developments and Strategies
12.3. Microsoft
12.3.1. Company Overview, Business Information, Regional Presence
12.3.2. Product Portfolio Analysis
12.3.2.1. Component Details, Specification, Application
12.3.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.3.4. Recent Developments and Strategies
12.4. Amazon
12.4.1. Company Overview, Business Information, Regional Presence
12.4.2. Product Portfolio Analysis
12.4.2.1. Component Details, Specification, Application
12.4.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.4.4. Recent Developments and Strategies
12.5. Ethereum Foundation
12.5.1. Company Overview, Business Information, Regional Presence
12.5.2. Product Portfolio Analysis
12.5.2.1. Component Details, Specification, Application
12.5.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.5.4. Recent Developments and Strategies
12.6. Cisco Systems
12.6.1. Company Overview, Business Information, Regional Presence
12.6.2. Product Portfolio Analysis
12.6.2.1. Component Details, Specification, Application
12.6.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.6.4. Recent Developments and Strategies
12.7. IoTEX
12.7.1. Company Overview, Business Information, Regional Presence
12.7.2. Product Portfolio Analysis
12.7.2.1. Component Details, Specification, Application
12.7.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.7.4. Recent Developments and Strategies
12.8. IBM
12.8.1. Company Overview, Business Information, Regional Presence
12.8.2. Product Portfolio Analysis
12.8.2.1. Component Details, Specification, Application
12.8.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.8.4. Recent Developments and Strategies
12.9. Intel
12.9.1. Company Overview, Business Information, Regional Presence
12.9.2. Product Portfolio Analysis
12.9.2.1. Component Details, Specification, Application
12.9.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.9.4. Recent Developments and Strategies
12.10. R3
12.10.1. Company Overview, Business Information, Regional Presence
12.10.2. Product Portfolio Analysis
12.10.2.1. Component Details, Specification, Application
12.10.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.10.4. Recent Developments and Strategies

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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