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DUBLIN, January 25, 2023 /PRNewswire/ — The “Blockchain IoT Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030” report has been added. ResearchAndMarkets.com suggestion.

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Key market insights

Growing data security concern is expected to drive demand for the Blockchain IoT market

The global blockchain IoT market value has increased 105.3 million USD By 2021 USD 25,560.3 million in 2030, with a CAGR of 60.6% during the forecast period 2022 to 2030.

The increasing deployment of Internet of Things (IoT) devices around the world has created a sense of data security. Traditional client-server architecture is vulnerable to security breaches due to single point of security intelligence.

On the other hand, blockchain distributed ledger technology provides a distributed and decentralized security system that is difficult to crack. IoT’s architectural limitations prevent it from making intelligent security decisions, so a blockchain solution for IoT can open up lucrative opportunities in cyber security. In addition, businesses that rely on complex and expensive data have turned to blockchain IoT solutions for their data security.

Proposed analysis
The hardware segment is projected to grow at a substantial rate

Hardware has been analyzed as the most promising segment during the forecast period. The profitable growth of the segment is mainly due to increasing use cases of blockchain IoT to redefine business models and enhance their productivity platforms. Blockchain hardware captures data from the IoT edge and transmits it to the cloud, which helps drive business value and power it. However, the software segment was expected to account for a significant share during the forecast period owing to increased investment by major market players.

End User Analysis

The Smart City Segment is expected to witness the fastest growth during the Forecast period

The smart city segment is looking for a lucrative opportunity for blockchain IoT solution in the near future due to the significant number of ongoing smart city projects in different parts of the world. Some of the best smart city projects around the world include Digital Catapult, Sidewalk Labs LinkNYC, Green City Solutions’ CityTree, Telensa Smart Parking and many others.

Market leaders in smart city projects are using blockchain IoT solutions to overcome security breach and privacy issues in various smart city solutions. Meanwhile, many IoT solution providers for smart city projects have joined forces with blockchain players to provide relevant solutions. For example, in November 2019Obyte, a Distributed Ledger Technology (DLT) platform has signed a collaboration agreement with Bosch Connectory to explore a solution for smart cities.

Key players and competitive landscape.
Considerable opportunity for new entrants to enter the Global Blockchain IoT market.

The global blockchain IoT market is a nascent market but still highly competitive due to the presence of several established blockchain players such as IBM Corp., Microsoft Corp., Oracle Corp. and many others. In addition, the market provides lucrative opportunities for new entrants to establish its strong footprint in the global market by accurately harnessing the power of IoT through blockchain.

List of companies included.

  • IBM Corporation

  • Microsoft Corporation

  • Intel Corporation

  • Amazon.com Inc.

  • Cisco Systems Inc.

  • Ethereum: Fund

  • Linux Foundation

  • R3 Ltd

  • Thread

  • CrypC Technologies

Market segmentation
Offering

  • Equipment:

  • software

  • Infrastructure provider

Application:

  • Data security

  • Smart contacts

  • Asset tracking and management

  • Data Communication/Sharing

  • Others (real-time workforce tracking and workforce management)

End user

  • Transport and logistics

  • Energy and utilities

  • Production:

  • Retail

  • Building management

  • Smart city

  • Healthcare

  • Wearable and portable devices

  • Other (food, pharmaceuticals, mining, agriculture, construction and real estate)

Key questions answered in this report

  • What are the key micro and macro environmental factors impacting the growth of the Blockchain IoT market?

  • What are the major investment pockets in terms of product segments and geography, currently and during the forecast period?

  • Estimates and market forecasts until 2030.

  • Which segment accounts for the fastest CAGR during the forecast period?

  • Which market segment has the larger market share and why?

  • Are low- and middle-income economies investing in the Blockchain IoT market?

  • Which is the largest regional market for the Blockchain IoT market?

  • What are the market trends and dynamics in emerging markets such as? Asia Pacific, Latin Americaand: Middle East & Africa?

  • What are the key trends driving the growth of the Blockchain IoT market?

  • Who are the major competitors and what are their key strategies to increase their market presence in the worldwide Blockchain IoT market?

The main topics covered are:

1. Preface

2. Executive Summary

3. Blockchain IoT market. competitive analysis

4. Blockchain IoT Market. Macro Analysis & Market Dynamics

5. Blockchain IoT Market by Supply, 2020-2030, USD (Million)

6. Blockchain IoT Market by Application, 2020-2030, USD (Million)

7. Blockchain IoT Market by End User, 2020-2030, USD (Million)

8. North America Blockchain IoT Market, 2020-2030, USD (Million)

9. UK and EU Blockchain IoT Market, 2020-2030, USD (Million)

10. Asia-Pacific Blockchain IoT Market, 2020-2030, USD (Million)

11. Latin America Blockchain IoT Market, 2020-2030, USD (Million)

12. Middle East and Africa Blockchain IoT Market, 2020-2030, US$ (Million)

13. Company profile

For more information on this report, visit https://www.researchandmarkets.com/r/9ww9jp-iot?w=5

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