Market Overview:
The global IoT and blockchain market is expected to grow from USD 6.21 Billion in 2018 to USD 29.05 Billion by 2030, at a Compound Annual Growth Rate (CAGR) of 28.7% during the forecast period. The growth of this market can be attributed to the increasing demand for authenticated and transparent data sharing among organizations, growing need for data security and privacy, and rising adoption of blockchain technology in various industries. The hardware segment is expected to hold the largest share of the global IoT and blockchain market in 2018.
Product Definition:
IoT is a term used to describe a network of physical objects or "things" that are connected to the internet. These objects can include everything from home appliances and vehicles to industrial equipment. Blockchain is a distributed database technology that allows for secure, transparent and tamper-proof transactions between two or more parties. It has been gaining popularity in recent years as a way to improve security and efficiency in many industries. The importance of IoT and blockchain lies in their ability to securely connect devices and transactions, allowing for greater transparency and efficiency across many industries.
Hardware:
Hardware is the physical devices or components used in a system. In IoT and blockchain market, hardware includes sensors, gateways, microcontrollers and other electronic devices that work on the processor. Hardware acts as an enabler for various technologies such as big data analytics and Artificial Intelligence (AI). It also helps to transfer information from one place to another without any loss of data due to its high speed and security feature.
Software:
Software is the Solution or Service (S/S) which helps in connecting different components, devices and systems over internet. It also helps to transfer data from one place to another over internet. Software solutions are used in various verticals such as Banking Financial Services and Insurance (BFSI), retail, healthcare & life sciences, IT & telecom among others. The software market is expected to witness significant growth owing to increasing demand for cloud-based services along with growing adoption of IoT technology globally.
Application Insights:
The data security application segment dominated the global IoT and blockchain market in 2017. The growth is attributed to the increasing concerns over cyber-attacks, which have resulted in widespread adoption of robust security measures across numerous applications. For instance, according to a study published by Gartner Inc., nearly 60% of enterprises are planning to deploy some form of Blockchain technology for their data management activities.
The smart contract application segment is expected witness considerable growth over the forecast period owing to its wide-spread deployment across various industries such as banking, insurance and logistics among others. Smart contracts offer enhanced efficiency by reducing costs and time required for completion of tasks or transactions; this factor is anticipated to drive their adoption over the forecast period. However, a few issues such as volatility & hackability may hinder its extensive use globally during the estimated timeframe.
Regional Analysis:
The market in North America is expected to witness significant growth over the forecast period owing to the presence of a large number of IoT-enabled devices and increasing government initiatives. The region accounted for more than 35% revenue share in 2017, which can be attributed to early adoption of technologies such as M2M, cloud and IoT. Moreover, growing demand for connected cars is also expected to drive regional growth over the next eight years.
Asia Pacific was estimated as the second largest market with a revenue share of more than 20% in 2017 owing to increased penetration rates for low power consuming sensors that are used widely across industries such as agriculture and manufacturing monitoring applications along with rising investments from governments towards smart city development projects.
Growth Factors:
- Increasing demand for authenticated and secure data exchange across industries
- Growing number of IoT-enabled devices and applications
- Proliferation of blockchain technology platforms and applications
- Rising popularity of decentralized business models 5. accelerating pace of digital transformation
Scope Of The Report
Report Attributes
Report Details
Report Title
IoT and Blockchain Market Research Report
By Type
Hardware, Software
By Application
Smart Contract, Data Security, Data Sharing/Communication, Asset Tracking & Management
By Companies
IBM, Microsoft, Intel, Amazon, Cisco Systems, Ethereum Foundation, The Linux Foundation, Filament, KrypC, Iotex, Factom
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global IoT and Blockchain Market Report Segments:
The global IoT and Blockchain market is segmented on the basis of:
Types
Hardware, Software
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Smart Contract, Data Security, Data Sharing/Communication, Asset Tracking & Management
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- Microsoft
- Intel
- Amazon
- Cisco Systems
- Ethereum Foundation
- The Linux Foundation
- Filament
- KrypC
- Iotex
- Factom
Highlights of The IoT and Blockchain Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- By Application:
- Smart Contract
- Data Security
- Data Sharing/Communication
- Asset Tracking & Management
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the IoT and Blockchain Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
IoT and Blockchain are two of the most popular technologies in the world today. IoT is short for u201cInternet of Things,u201d which refers to a network of devices that can communicate with each other to share data. This network can include everything from cars to appliances, and it allows companies to track their assets more efficiently.nnBlockchain is a digital ledger that records transactions between two parties efficiently and transparently. Itu2019s often used in conjunction with IoT because it allows companies to keep track of their data without having to rely on third-party providers.
Some of the major players in the iot and blockchain market are IBM, Microsoft, Intel, Amazon, Cisco Systems, Ethereum Foundation, The Linux Foundation, Filament, KrypC, Iotex, Factom.
The iot and blockchain market is expected to register a CAGR of 28.7%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IoT and Blockchain Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 IoT and Blockchain Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IoT and Blockchain Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the IoT and Blockchain Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global IoT and Blockchain Market Size & Forecast, 2018-2028
4.5.1 IoT and Blockchain Market Size and Y-o-Y Growth
4.5.2 IoT and Blockchain Market Absolute $ Opportunity
Chapter 5 Global IoT and Blockchain Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 IoT and Blockchain Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global IoT and Blockchain Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 IoT and Blockchain Market Size Forecast by Applications
6.2.1 Smart Contract
6.2.2 Data Security
6.2.3 Data Sharing/Communication
6.2.4 Asset Tracking & Management
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IoT and Blockchain Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 IoT and Blockchain Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America IoT and Blockchain Analysis and Forecast
9.1 Introduction
9.2 North America IoT and Blockchain Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America IoT and Blockchain Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America IoT and Blockchain Market Size Forecast by Applications
9.10.1 Smart Contract
9.10.2 Data Security
9.10.3 Data Sharing/Communication
9.10.4 Asset Tracking & Management
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe IoT and Blockchain Analysis and Forecast
10.1 Introduction
10.2 Europe IoT and Blockchain Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe IoT and Blockchain Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe IoT and Blockchain Market Size Forecast by Applications
10.10.1 Smart Contract
10.10.2 Data Security
10.10.3 Data Sharing/Communication
10.10.4 Asset Tracking & Management
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific IoT and Blockchain Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific IoT and Blockchain Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific IoT and Blockchain Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific IoT and Blockchain Market Size Forecast by Applications
11.10.1 Smart Contract
11.10.2 Data Security
11.10.3 Data Sharing/Communication
11.10.4 Asset Tracking & Management
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America IoT and Blockchain Analysis and Forecast
12.1 Introduction
12.2 Latin America IoT and Blockchain Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America IoT and Blockchain Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America IoT and Blockchain Market Size Forecast by Applications
12.10.1 Smart Contract
12.10.2 Data Security
12.10.3 Data Sharing/Communication
12.10.4 Asset Tracking & Management
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) IoT and Blockchain Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) IoT and Blockchain Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) IoT and Blockchain Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) IoT and Blockchain Market Size Forecast by Applications
13.10.1 Smart Contract
13.10.2 Data Security
13.10.3 Data Sharing/Communication
13.10.4 Asset Tracking & Management
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 IoT and Blockchain Market: Competitive Dashboard
14.2 Global IoT and Blockchain Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Microsoft
14.3.3 Intel
14.3.4 Amazon
14.3.5 Cisco Systems
14.3.6 Ethereum Foundation
14.3.7 The Linux Foundation
14.3.8 Filament
14.3.9 KrypC
14.3.10 Iotex
14.3.11 Factom
