27-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Blockchain IoT Market By Offering (Infrastructure Provider, Software, and Hardware), By Application (Data Security, Asset Tracking & Management, Data Communication/Sharing, Smart Contracts, and Others), By End User (Healthcare, Smart City, Manufacturing, Transportation & Logistics, Energy & Utility, Retail, Building Management, Wearable & Mobile Devices, and Others), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global blockchain IoT market in 2020 was close to USD 269.2 Million. The market is expected to grow at a CAGR of around 47.5% and is anticipated to touch USD 2,540.5 Million by 2026.
Blockchain IoT is an emerging field that is used to secure the confidential data of industries. This novel technology does not permit accession to the data from any third-party sources. The increasing penetration of blockchain and IoT in various businesses & industries is attributed to the generation and secure storage of huge amounts of confidential data, thereby likely to escalate the global blockchain IoT market growth at a splendid rate. Moreover, highly supportive regulations & policies set by governments in favor of blockchain and IoT technology are likely to generate multiple business opportunities for the industries operating in the blockchain IoT market.
Browse the full “Blockchain IoT Market By Offering (Infrastructure Provider, Software, and Hardware), By Application (Data Security, Asset Tracking & Management, Data Communication/Sharing, Smart Contracts, and Others), By End User (Healthcare, Smart City, Manufacturing, Transportation & Logistics, Energy & Utility, Retail, Building Management, Wearable & Mobile Devices, and Others), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/global-blockchain-iot-market-by-offering-infrastructure-provider-954
By offering, the hardware segment in the global blockchain IoT market will witness considerable growth during 2020–2026
Blockchain, using its technology protocol, allows a secure exchange of data within a specific network of multiple parties. The data sharing process does not involve any sort of intermediates. The network participants intercommunicate with encrypted identities and peer-to-peer connections. Each data transaction is added to the immutable list of transactions and the data is accessible to all the participants within the network. Blockchain hardware, with the strong support of IoT, transfers data from a secure source to the cloud network. Therefore, the extensive importance of hardware in secure data transactions is flourishing its demand in the global blockchain IoT market.
North America is anticipated to rule the global blockchain IoT market during the study timeframe
In 2020, North America held the major share of the global blockchain IoT market, as the region is a primary adopter of blockchain technology. In North America, the US captured the major share of the regional blockchain IoT market. The key factors prompting the dominance of the North America blockchain IoT market during the forecast period are the region has been rapidly adopting the latest and innovative technologies compared to other regions, and most of the key blockchain IoT-based industries are established in North America.
Report Scope
Report Attribute |
Details |
Market Size in 2020 |
USD 269.2 Million |
Projected Market Size in 2026 |
USD 2,540.5 Million |
CAGR Growth Rate |
47.5% CAGR |
Base Year |
2020 |
Forecast Years |
2021-2026 |
Key Market Players |
Amazon.com Inc., IBM Corporation, Filament, Cisco Systems, Microsoft Corporation, Ethereum Foundation, R3, Intel Corporation, KrypC, and The Linux Foundation, among others. |
Key Segment |
By Offering, By Application, By End User, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the key players driving the global blockchain IoT market are Amazon.com Inc., IBM Corporation, Filament, Cisco Systems, Microsoft Corporation, Ethereum Foundation, R3, Intel Corporation, KrypC, and The Linux Foundation, among others.
This report segments the global blockchain IoT market as follows:
Global Blockchain IoT Market: Offering Segmentation Analysis
- Infrastructure provider
- Software
- Hardware
Global Blockchain IoT Market: Application Segmentation Analysis
- Data security
- Asset tracking and management
- Data communication/sharing
- Smart contracts
- Others (Workforce Management and Real-Time Workforce Tracking)
Global Blockchain IoT Market: End-User Segmentation Analysis
- Healthcare
- Smart city
- Manufacturing
- Transportation and logistics
- Energy and utility
- Retail
- Building management
- Wearable and mobile devices
- Others (mining, construction, agriculture, food, real estate, and pharmaceuticals)
Global Blockchain IoT Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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