Blockchain IoT Market Size to Reach USD 124.58 Million, With a CAGR of 93.4% CAGR by 2027 – Report by Market Research Future (MRFR)
Research Reports
Feb 09, 2023
Market Research Future Insights
According to MRFR analysis, the global Blockchain IoT Market is expected to register a CAGR of 93.4% from 2020 to 2027 and hold a value of over ~USD 124.58 Million by 2027. The blockchain IoT market is a merger of blockchain and IoT technology that has gained traction with the rapid development of technology and the communication network. Additionally, the blockchain, fueled by regionalized networks and cryptographic encryption, leverages the IoT platform through a peer-to-peer network to safeguard openness and security.
The increase in the number of IoT devices and IoT connections that are vulnerable to cybercrimes has stimulated the adoption of blockchain technology. Some of the aids of blockchain IoT comprises accelerated data change, low costs, augmented privacy, and efficient supply chain, logistics, and insurance.
Request To Free Sample of This Strategic Report:
https://www.marketresearchfuture.com/sample_request/8713
Blockchain IoT Market Report Scope:
| Parameter | Details |
| Revenue Forecast in 2027: | USD 124.58 Million |
| Growth Rate: | CAGR of 93.4% from 2020 to 2027 |
| Forecast Period: | 2020 -2027 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
The blockchain IoT market around the world has been suffering an upsurge owing to growing cybersecurity threats. Additionally, lockdown and temporary closure of all businesses and the international, as well as domestic borders, have had a vast impact on the daily welfare. The growing use of digital technology for smart contracts, data communication, asset tracking, management, and others has pushed the growth of the market amidst the pandemic.
Regional Analysis
North America dominates the blockchain IoT market, due to the existence of key players, such as IBM Corporation, Intel Corporation, Amazon.com, Inc., Cisco Systems, The Linux Foundation, R3, and Filament, among others. Additionally, the high acceptance of modern IoT drives regional market growth. Further, the financial constancy of the countries in the region unlocks many doors for new investments and has augmented the adoption of the latest IoT devices.
Asia-Pacific is expected to showcase colossal growth in the blockchain IoT market on account of the high acceptance of technology, favorable government initiatives, and growing investments in the ICT sector. Singapore is the major user of blockchain technology in terms of cross-border payments and the financial and healthcare sectors. Government Initiatives to Boost the Acceptance of Blockchain Drives Asia-Pacific’s Market Growth
Check Discount:
https://www.marketresearchfuture.com/check-discount/8713
Market Segmentation
The global Blockchain IoT Market has been segmented into Offering, Application, and End-User
Based on Offering, the global Blockchain IoT Market has been segmented into Hardware, Software, and Services
Based on Application, the global Blockchain IoT Market has been segmented into Data Sharing, Smart Homes, Data Security, Smart Contracts, Asset Tracking and Management, and Others
Based on End-User, the global Blockchain IoT Market has been segmented into Supply Chain and Logistics, Automotive, Healthcare, Manufacturing, Retail, Construction, Government, Energy and Utility, and others
Browse In-depth Market Research Report:
https://www.marketresearchfuture.com/reports/blockchain-iot-market-8713
Key Players
Some of the key market players are Ethereum Foundation (Switzerland), Filament (Nevada), KrypC (India), The Linux Foundation (US), ArcTouch (US), Filament (Nevada)., Intel Corporation (US), IBM Corporation (US), Amazon.com Inc. (US), Microsoft Corporation (US), Cisco Systems (US), R3 (US), and Chronicled (US)
** Also Check Trending Report of MRFR **
Human Capital Management (HCM) Software Market
https://www.marketresearchfuture.com/reports/human-capital-management-software-market-1425
Human Resources Management (HRM) Software Market
https://www.marketresearchfuture.com/reports/human-resources-management-software-market-6212
Secure Access Services Edge (SASE) Market
https://www.marketresearchfuture.com/reports/secure-access-services-edge-market-10718
Applicant Tracking Systems Market
https://www.marketresearchfuture.com/reports/applicant-tracking-systems-market-5751
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact Information:
Contact: Market Research Future (Part of Wantstats Research and Media Private Limited) 99 Hudson Street, 5Th Floor New York, NY 10013 United States of America +1 628 258 0071 (US) +44 2035 002 764 (UK) Email: sales@marketresearchfuture.com Website: https://www.marketresearchfuture.com
Tags:
Wire, Research Newswire, English
YOU MAY ALSO LIKE
PW Consulting Releases Comprehensive Market Research on…
Market Research Future Insights According to MRFR analysis, the global Blockchain IoT Market is expected to register a CAGR of 93.4% from 2020 to 2027…
read more