Product Code: PM3782
The global blockchain IoT market size is expected to reach USD 9,107.55 Million by 2032, according to a new study by Polaris market research. The report "Blockchain IoT Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Services), By Application (Data Security, Smart Contracts), By Organization Size, By Vertical, And Segment Forecasts, 2019 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Market growth in the blockchain IoT industry is expected to be driven by the increasing adoption of decentralized applications (dApps). These dApps leverage the combined benefits of blockchain and IoT, offering novel solutions that enhance security, transparency, and operational efficiency in diverse industries. These innovative trends are poised to propel the market's expansion. Furthermore, the integration of blockchain and IoT is transforming data sharing, transactional trust, and process automation, resulting in the emergence of cutting-edge business models and lucrative growth prospects. As a result, the market is witnessing a shift towards more efficient and secure systems, driven by the synergistic potential of blockchain and IoT technologies.
Businesses and industries are recognizing the transformative impact that this technology can have in areas such as supply chain management, asset tracking, smart cities, healthcare, and energy management. Companies are actively working on launching new products and forming strategic partnerships with key players to tap into the growing market demand. By introducing innovative solutions and collaborating with established industry leaders, these companies aim to expand their customer base and strengthen their position in the competitive landscape.
Convergence of blockchain and IoT technologies has unlocked a wide range of applications and use cases, revolutionizing how data is shared, transactions are conducted, and processes are automated. As more businesses and industries embrace this technology, the market is experiencing a surge in opportunities, attracting investments, and fueling its growth. The synergy between blockchain and IoT is proving to be a game-changer, driving advancements in various sectors, and shaping the future of digital transformation.
In line with this, in March 2022, IoTex, a modular Web3 infrastructure platform, has joined forces with Google Cloud, a subsidiary of Google LLC, to drive the global expansion of MachineFi. MachineFi is a decentralized finance (DeFi) platform specifically tailored for the IoT ecosystem. This collaboration aims to enhance MachineFi's services and applications by leveraging the secure, scalable, and reliable infrastructure provided by Google Cloud.
Blockchain IoT Market Report Highlights
Software segment held the largest share, due to increased adoption across different small and large enterprises.
Transportation & logistics held the largest share, owing to huge demand in the sector to streamline its day-to-day functioning.
North America held the largest share, owing to presence of innovative companies, and positive funding scenario.
The global key market players include: Intel Corporation, IBM Corporation, Microsoft Corp., Cisco Systems, Linux Foundation, Amazon.com, and KrypC Technologies.
Polaris market research has segmented the blockchain IoT market report based on component, application, organization size, vertical, and region:
Blockchain IoT, Component Outlook (Revenue - USD Million, 2019 - 2032)
- Hardware
- Software & Platform
- Services
Blockchain IoT, Application Outlook (Revenue - USD Million, 2019 - 2032)
- Data Security
- Smart Contracts
- Asset Tracking & Management
- Others
Blockchain IoT, Organization Size Outlook (Revenue - USD Million, 2019 - 2032)
Blockchain IoT, Vertical Outlook (Revenue - USD Million, 2019 - 2032)
- Transportation & Logistics
- Manufacturing
- Healthcare
- Retail
- Consumer Electronics
- Smart City
- Others
Blockchain IoT, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Blockchain IoT Market Insights
- 4.1. Blockchain IoT Market - Vertical Snapshot
- 4.2. Blockchain IoT Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing adoption of IOT sensors
- 4.2.1.2. Growing requirement for improved security
- 4.2.2. Restraints and Challenges
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Blockchain IoT Market Vertical Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Blockchain IoT Market, by Component
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 5.3. Hardware
- 5.3.1. Global Blockchain IoT Market, by Hardware, by Region, 2019-2032 (USD Million)
- 5.4. Software and platform
- 5.4.1. Global Blockchain IoT Market, by Software and platform, by Region, 2019-2032 (USD Million)
- 5.5. Services
- 5.5.1. Global Blockchain IoT Market, by Services, by Region, 2019-2032 (USD Million)
6. Global Blockchain IoT Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 6.3. Data Security
- 6.3.1. Global Blockchain IoT Market, by Data Security, by Region, 2019-2032 (USD Million)
- 6.4. Smart Contracts
- 6.4.1. Global Blockchain IoT Market, by Smart Contracts, by Region, 2019-2032 (USD Million)
- 6.5. Asset Tracking & Management
- 6.5.1. Global Blockchain IoT Market, by Asset Tracking & Management, by Region, 2019-2032 (USD Million)
- 6.6. Others
- 6.6.1. Global Blockchain IoT Market, by Others, by Region, 2019-2032 (USD Million)
7. Global Blockchain IoT Market, by Vertical
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 7.3. Transportation & Logistics
- 7.3.1. Global Blockchain IoT Market, by Transportation & Logistics, By Region, 2019-2032 (USD Million)
- 7.4. Manufacturing
- 7.4.1. Global Blockchain IoT Market, by Manufacturing, By Region, 2019-2032 (USD Million)
- 7.5. Healthcare
- 7.5.1. Global Blockchain IoT Market, by Healthcare, By Region, 2019-2032 (USD Million)
- 7.6. Retail
- 7.6.1. Global Blockchain IoT Market, by Retail, By Region, 2019-2032 (USD Million)
- 7.7. Consumer Electronics
- 7.7.1. Global Blockchain IoT Market, by Consumer Electronics, By Region, 2019-2032 (USD Million)
- 7.8. Smart City
- 7.8.1. Global Blockchain IoT Market, by Smart City, By Region, 2019-2032 (USD Million)
- 7.9. Others
- 7.9.1. Global Blockchain IoT Market, by Others, By Region, 2019-2032 (USD Million)
8. Global Blockchain IoT Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Blockchain IoT Market Assessment, By Geography, 2019-2032 (USD Million)
- 8.3. Blockchain IoT Market - North America
- 8.3.1. North America: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.3.2. North America: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.3.3. North America: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.3.4. Blockchain IoT Market - U.S.
- 8.3.4.1. U.S.: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.3.4.2. U.S.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.3.4.3. U.S.: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.3.5. Blockchain IoT Market - Canada
- 8.3.5.1. Canada: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.3.5.2. Canada.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.3.5.3. Canada: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.4. Blockchain IoT Market - Europe
- 8.4.1. Europe: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.4.2. Europe.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.4.3. Europe: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.4.4. Blockchain IoT Market - UK
- 8.4.4.1. UK: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.4.4.2. UK.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.4.4.3. UK: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.4.5. Blockchain IoT Market - France
- 8.4.5.1. France: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.4.5.2. France.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.4.5.3. France: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.4.6. Blockchain IoT Market - Germany
- 8.4.6.1. Germany: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.4.6.2. Germany.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.4.6.3. Germany: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.4.7. Blockchain IoT Market - Italy
- 8.4.7.1. Italy: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.4.7.2. Italy.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.4.7.3. Italy: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.4.8. Blockchain IoT Market - Spain
- 8.4.8.1. Spain: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.4.8.2. Spain.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.4.8.3. Spain: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.4.9. Blockchain IoT Market - Netherlands
- 8.4.9.1. Netherlands: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.4.9.2. Netherlands.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.4.9.3. Netherlands: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.4.10. Blockchain IoT Market - Russia
- 8.4.10.1. Russia: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.4.10.2. Russia.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.4.10.3. Russia: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.5. Blockchain IoT Market - Asia Pacific
- 8.5.1. Asia Pacific: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.5.2. Asia Pacific.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.5.3. Asia Pacific: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.5.4. Blockchain IoT Market - China
- 8.5.4.1. China: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.5.4.2. China.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.5.4.3. China: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.5.5. Blockchain IoT Market - India
- 8.5.5.1. India: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.5.5.2. India.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.5.5.3. India: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.5.6. Blockchain IoT Market - Malaysia
- 8.5.6.1. Malaysia: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.5.6.2. Malaysia.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.5.6.3. Malaysia: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.5.7. Blockchain IoT Market - Japan
- 8.5.7.1. Japan: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.5.7.2. Japan.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.5.7.3. Japan: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.5.8. Blockchain IoT Market - Indonesia
- 8.5.8.1. Indonesia: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.5.8.2. Indonesia.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.5.8.3. Indonesia: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.5.9. Blockchain IoT Market - South Korea
- 8.5.9.1. South Korea: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.5.9.2. South Korea.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.5.9.3. South Korea: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.6. Blockchain IoT Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.6.2. Middle East & Africa.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.6.3. Middle East & Africa: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.6.4. Blockchain IoT Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.6.4.2. Saudi Arabia.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.6.4.3. Saudi Arabia: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.6.5. Blockchain IoT Market - UAE
- 8.6.5.1. UAE: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.6.5.2. UAE.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.6.5.3. UAE: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.6.6. Blockchain IoT Market - Israel
- 8.6.6.1. Israel: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.6.6.2. Israel.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.6.6.3. Israel: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.6.7. Blockchain IoT Market - South Africa
- 8.6.7.1. South Africa: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.6.7.2. South Africa.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.6.7.3. South Africa: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.7. Blockchain IoT Market - Latin America
- 8.7.1. Latin America: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.7.2. Latin America.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.7.3. Latin America: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.7.4. Blockchain IoT Market - Mexico
- 8.7.4.1. Mexico: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.7.4.2. Mexico.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.7.4.3. Mexico: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.7.5. Blockchain IoT Market - Brazil
- 8.7.5.1. Brazil: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.7.5.2. Brazil.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.7.5.3. Brazil: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
- 8.7.6. Blockchain IoT Market - Argentina
- 8.7.6.1. Argentina: Blockchain IoT Market, by Component, 2019-2032 (USD Million)
- 8.7.6.2. Argentina.: Blockchain IoT Market, by Vertical, 2019-2032 (USD Million)
- 8.7.6.3. Argentina: Blockchain IoT Market, by Application, 2019-2032 (USD Million)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Amazon.com
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. ArcTouch
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Cisco Systems
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Chronicled
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. IBM Corporation
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. IoTex
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. KrypC Technologies
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Linux Foundation
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Microsoft Corp.
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. R3
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development