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Blockchain IoT Market by Offering (Hardware, Software, and Infrastructure Provider), Application (Smart Contract, Data Security, Data Sharing/Communication, and Asset Tracking & Management), End User, and Geography - Global Forecast to 2024

  • ID: 4760815
  • Report
  • Region: Global
  • 136 Pages
  • Markets and Markets
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Blockchain IoT Market Projected to be Valued at USD 3,021 Million by 2024 from USD 113.1 Million in 2019

FEATURED COMPANIES

  • Amazon
  • Cisco Systems
  • Factom
  • Intel
  • KrypC
  • The Linux Foundation
  • MORE

Blockchain market in IoT to grow at CAGR of 92.92% from 2019 to 2024

The blockchain IoT market is projected to be valued at USD 3,021 million by 2024 from USD 113.1 million in 2019; it is expected to grow at a CAGR of 92.92%. Major factors driving the market growth are increasing adoption of IoT, growing need for IoT security, simplifying business processes and affording transparency and immutability, and increasing focus on operational efficiency. Further, underlying opportunities for the blockchain IoT market include higher adoption of blockchain solutions for smart contracts and digital identity and rising government initiatives. Major restraints for the market are uncertain regulatory status and higher latency with an increase in the number of nodes. The lack of awareness about blockchain technology and lack of standards pose major challenges to the blockchain IoT market.

Infrastructure provider segment is expected to hold largest share of blockchain IoT market during forecast period

The infrastructure provider segment is expected to hold the largest share of the blockchain IoT market during the forecast period. Infrastructure providers offer commutable infrastructure for developing, deploying, and managing enterprise-grade blockchain applications. These providers help enterprises implement blockchain technology and develop solutions to fulfill the increasing need for customer services. Blockchain can synchronize data across multiple entities, thereby building trust and encouraging customers to collaborate. Hence, companies are adopting coexistence as an approach to combine their infrastructure with emerging technologies.

Among all applications, data security application is expected to hold largest size of blockchain IoT market from 2018 to 2024

Data security is the major application in the blockchain IoT market; therefore, this application is expected to hold the largest market share during the forecast period. Blockchain can help to overcome the problem of managing and securing data of industrial IoT and operational technology (OT) devices. Using blockchain with IoT stands to benefit applications enormously. Current applications rely on the client-server model to function. The blockchain model would prevent attacks from happening. Since a decentralized database would remove any one point of weakness, attackers would have to target individual nodes on the network instead.

Blockchain IoT market in APAC is projected to grow at highest CAGR during forecast period

APAC is expected to be the largest blockchain IoT market during the forecast period. This market is further divided into China, Japan, South Korea, India, and the Rest of APAC. Rest of APAC mainly includes Singapore, Malaysia, Thailand, Australia, and New Zealand. China is the largest market among all APAC countries. China, Japan, South Korea, and India are witnessing growth in blockchain IoT and blockchain start-ups. Blockchain adoption in developing countries of APAC helps organizations transform their business processes. Blockchain applications with IoT help create transparent and decentralized business processes. The key financial and shipping and trading hubs such as Hong Kong and Singapore provide huge opportunities for the adoption of blockchain in various industry verticals.

Breakdown of primary participants’ profile:

  • By Company Type: Tier 1 - 30%, Tier 2 - 30%, and Tier 3 - 40%
  • By Designation: C-Level Executives - 45%, Directors - 30%, and Others - 25%
  • By Region: North America - 30%, Europe - 40%, APAC - 25%, and RoW - 5%

IBM Corporation (US), Microsoft Corporation (US), Intel Corporation (US), Amazon.com, Inc. (US), Cisco Systems (US), Ethereum Foundation (Switzerland), The Linux Foundation (US), R3 (US), Filament (Nevada), and KrypC (India) are a few major players in the blockchain IoT market.

Research Coverage:

Various market segments have been covered in this report. These include offering, application, end user, and geography. It also gives a detailed view of the market across 4 main regions: North America, Europe, APAC, and RoW.

Reasons to Buy the Report:

  • This report includes statistics pertaining to the blockchain IoT market in terms of offering, application, end user, and region, along with their respective market sizes.
  • Major drivers, restraints, opportunities, and challenges for the blockchain IoT market have been provided in detail in this report.
  • The report includes illustrative segmentation, analysis, and forecast for the blockchain IoT market based on its segments and subsegments.
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FEATURED COMPANIES

  • Amazon
  • Cisco Systems
  • Factom
  • Intel
  • KrypC
  • The Linux Foundation
  • MORE

1 Introduction
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary and Primary Research
                    2.1.1.1 Key Industry Insights
           2.1.2 Secondary Data
                    2.1.2.1 Secondary Sources
           2.1.3 Primary Data
                    2.1.3.1 Breakdown of Primaries
                    2.1.3.2 Primary Sources
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Attractive Opportunities in Blockchain IoT Market
    4.2 Blockchain IoT Market for Software, By Application
    4.3 Blockchain IoT Market for Smart City, By Region
    4.4 Blockchain IoT Market in APAC, By Application and Country
    4.5 Blockchain IoT Market, By Geography

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Adoption of Iot
                    5.2.1.2 Growing Need for IoT Security
                    5.2.1.3 Simplifying Business Processes and Affording Transparency and Immutability
                    5.2.1.4 Increasing Focus on Operational Efficiency
           5.2.2 Restraints
                    5.2.2.1 Uncertain Regulatory Status
                    5.2.2.2 Higher Latency With Increase in Number of Nodes
           5.2.3 Opportunities
                    5.2.3.1 Higher Adoption of Blockchain Solutions for Smart Contracts and Digital Identity
                    5.2.3.2 Rising Government Initiatives
           5.2.4 Challenges
                    5.2.4.1 Lack of Awareness About Blockchain Technology
                    5.2.4.2 Lack of Standards

6 Blockchain IoT Market, By Offering
    6.1 Introduction
    6.2 Hardware
    6.3 Software
    6.4 Infrastructure Provider

7 Blockchain IoT Market, By Application
    7.1 Introduction
    7.2 Smart Contracts
    7.3 Data Security
    7.4 Data Sharing/Communication
    7.5 Asset Tracking and Management
    7.6 Others

8 Blockchain IoT Market, By End User
    8.1 Introduction
    8.2 Energy & Utility
    8.3 Transportation & Logistics
    8.4 Manufacturing
    8.5 Building Management
    8.6 Healthcare
    8.7 Retail
    8.8 Wearable and Mobile Devices
    8.9 Smart City
    8.10 Others

9 Geographic Analysis
    9.1 Introduction
    9.2 North America
           9.2.1 US
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 Germany
           9.3.2 UK
           9.3.3 Rest of Europe
    9.4 APAC
           9.4.1 China
           9.4.2 Japan
           9.4.3 South Korea
           9.4.4 India
           9.4.5 Rest of APAC
    9.5 RoW
           9.5.1 South America
           9.5.2 Middle East and Africa

10 Competitive Landscape
     10.1 Overview
     10.2 Ranking Analysis of Key Players in Blockchain IoT Market
     10.3 Competitive Situations and Trends
             10.3.1 Product Launches
             10.3.2 Agreements, Partnerships, Collaborations, & Contracts
             10.3.3 Expansion
             10.3.4 Blockchain IoT Market (Global) Competitive Leadership Mapping, 2018
                        10.3.4.1 Visionary Leaders
                        10.3.4.2 Dynamic Differentiators
                        10.3.4.3 Innovators
                        10.3.4.4 Emerging Companies
             10.3.5 Competitive Situations and Trends
                        10.3.5.1 Business Strategy Excellence
                        10.3.5.2 Strength of Product Portfolio

11 Company Profiles
     11.1 IBM
             11.1.1 Business Overview
             11.1.2 Products/Services Offered
             11.1.3 Recent Developments
             11.1.4 Other Recent Developments
             11.1.5 View
             11.1.6 Strength of IBM
             11.1.7 SWOT Analysis
     11.2 Microsoft
             11.2.1 Business Overview
             11.2.2 Products Offered
             11.2.3 Recent Developments
             11.2.4 SWOT Analysis
             11.2.5 View
     11.3 Intel
             11.3.1 Business Overview
             11.3.2 Products Offered
             11.3.3 Recent Developments
             11.3.4 View
             11.3.5 SWOT Analysis
     11.4 Amazon
             11.4.1 Business Overview
             11.4.2 Solutions/Services Offered
             11.4.3 Recent Developments
                        11.4.3.1 SWOT Analysis
                        11.4.3.2 View
     11.5 Cisco Systems
             11.5.1 Business Overview
             11.5.2 Products/Services Offered
             11.5.3 SWOT Analysis
             11.5.4 View
     11.6 Ethereum Foundation
             11.6.1 Business Overview
             11.6.2 Products Offered
             11.6.3 Recent Developments
     11.7 The Linux Foundation
             11.7.1 Business Overview
             11.7.2 Product Offered
             11.7.3 Recent Developments
     11.8 R3
             11.8.1 Business Overview
             11.8.2 Products Offered
             11.8.3 Recent Developments
     11.9 Filament
             11.9.1 Business Overview
             11.9.2 Products/Software Offered
             11.9.3 Recent Developments
     11.10 KrypC
             11.10.1 Business Overview
             11.10.2 Products Offered
             11.10.3 Recent Developments
     11.11 Iotex
             11.11.1 Business Overview
             11.11.2 Products Offered
             11.11.3 Recent Developments
     11.12 Factom
             11.12.1 Business Overview
             11.12.2 Products Offered
             11.12.3 Recent Developments
     11.13 Other Companies
             11.13.1 Discovery
             11.13.2 Iota
             11.13.3 Atonomi
             11.13.4 Xage, Inc.
             11.13.5 Ambrosus
             11.13.6 Waltonchain

List of Tables
Table 1 List of Major Secondary Sources
Table 2 Blockchain IoT Market, By Offering, 2017-2024 (USD Million)
Table 3 Blockchain IoT Market for Hardware, By Application, 2017-2024 (USD Million)
Table 4 Blockchain IoT Market for Hardware, By Region, 2017-2024 (USD Million)
Table 5 Blockchain IoT Market for Software, By Application, 2017-2024 (USD Million)
Table 6 Blockchain IoT Market for Software, By Region, 2017-2024 (USD Million)
Table 7 Blockchain IoT Market for Software, By Type, 2017-2024 (USD Million)
Table 8 Blockchain IoT Market for Infrastructure Provider, By Application, 2017-2024 (USD Million)
Table 9 Blockchain IoT Market for Infrastructure Provider, By Region, 2017-2024 (USD Million)
Table 10 Blockchain IoT Market, By Application, 2017-2024 (USD Million)
Table 11 Blockchain IoT Market for Smart Contract, By Offering, 2017-2024 (USD Million)
Table 12 Blockchain IoT Market for Smart Contract, By End User, 2017-2024 (USD Million)
Table 13 Blockchain IoT Market for Smart Contract, By Region, 2017-2024 (USD Million)
Table 14 Blockchain IoT Market for Data Security, By Offering, 2017-2024 (USD Million)
Table 15 Blockchain IoT Market for Data Security, By End User, 2017-2024 (USD Million)
Table 16 Blockchain IoT Market for Data Security, By Region, 2017-2024 (USD Million)
Table 17 Blockchain IoT Market for Data Sharing/Communication, By Offering, 2017-2024 (USD Million)
Table 18 Blockchain IoT Market for Data Sharing/Communication, By End User, 2017-2024 (USD Million)
Table 19 Blockchain IoT Market for Data Sharing/Communication, By Region, 2017-2024 (USD Million)
Table 20 Blockchain IoT Market for Asset Tracking and Management, By Offering, 2017-2024 (USD Million)
Table 21 Blockchain IoT Market for Asset Tracking and Management, By End User, 2017-2024 (USD Million)
Table 22 Blockchain IoT Market for Asset Tracking and Management, By Region, 2017-2024 (USD Million)
Table 23 Blockchain IoT Market for Others, By Offering, 2017-2024 (USD Million)
Table 24 Blockchain IoT Market for Others, By End User, 2017-2024 (USD Million)
Table 25 Blockchain IoT Market for Others, By Region, 2017-2024 (USD Million)
Table 26 Blockchain IoT Market, By End User, 2017-2024 (USD Million)
Table 27 Blockchain IoT Market for Energy and Utility, By Application, 2017-2024 (USD Million)
Table 28 Blockchain IoT Market for Energy and Utility, By Region, 2017-2024 (USD Million)
Table 29 Blockchain IoT Market for Transportation and Utility, By Application, 2017-2024 (USD Million)
Table 30 Blockchain IoT Market for Transportation and Utility, By Region, 2017-2024 (USD Million)
Table 31 Blockchain IoT Market for Manufacturing, By Application, 2017-2024 (USD Million)
Table 32 Blockchain IoT Market for Manufacturing, By Region, 2017-2024 (USD Million)
Table 33 Blockchain IoT Market for Building Management, By Application, 2017-2024 (USD Million)
Table 34 Blockchain IoT Market for Building Management, By Region, 2017-2024 (USD Million)
Table 35 Blockchain IoT Market for Healthcare, By Application, 2017-2024 (USD Million)
Table 36 Blockchain IoT Market for Healthcare, By Region, 2017-2024 (USD Million)
Table 37 Blockchain IoT Market for Retail, By Application, 2017-2024 (USD Million)
Table 38 Blockchain IoT Market for Retail, By Region, 2017-2024 (USD Million)
Table 39 Blockchain IoT Market for Wearable and Mobile Devices, By Application, 2017-2024 (USD Million)
Table 40 Blockchain IoT Market for Wearable and Mobile Devices, By Region, 2017-2024 (USD Million)
Table 41 Blockchain IoT Market for Smart Cities, By Application, 2017-2024 (USD Million)
Table 42 Blockchain IoT Market for Smart Cities, By Region, 2017-2024 (USD Million)
Table 43 Blockchain IoT Market for Others, By Application, 2017-2024 (USD Million)
Table 44 Blockchain IoT Market for Others, By Region, 2017-2024 (USD Million)
Table 45 Blockchain IoT Market, By Region, 2017-2024 (USD Million)
Table 46 Blockchain IoT Market in North America, By Offering, 2017-2024 (USD Million)
Table 47 Blockchain IoT Market in North America, By Application, 2017-2024 (USD Million)
Table 48 Blockchain IoT Market in North America, By End User, 2017-2024 (USD Million)
Table 49 Blockchain IoT Market in North America, By Country, 2017-2024 (USD Million)
Table 50 Blockchain IoT Market in Europe, By Offering, 2017-2024 (USD Million)
Table 51 Blockchain IoT Market in Europe, By Application, 2017-2024 (USD Million)
Table 52 Blockchain IoT Market in Europe, By End User, 2017-2024 (USD Million)
Table 53 Blockchain IoT Market in Europe, By Country, 2017-2024 (USD Million)
Table 54 Blockchain IoT Market in APAC, By Offering, 2017-2024 (USD Million)
Table 55 Blockchain IoT Market in APAC, By Application, 2017-2024 (USD Million)
Table 56 Blockchain IoT Market in APAC, By End User, 2017-2024 (USD Million)
Table 57 Blockchain IoT Market in APAC, By Country, 2017-2024 (USD Million)
Table 58 Blockchain IoT Market in RoW, By Offering, 2017-2024 (USD Million)
Table 59 Blockchain IoT Market in RoW, By Application, 2017-2024 (USD Million)
Table 60 Blockchain IoT Market in RoW, By End User, 2017-2024 (USD Million)
Table 61 Blockchain IoT Market in RoW, By Region, 2017-2024 (USD Million)
Table 62 Blockchain IoT Market: Ranking Analysis of Key Companies
Table 63 Product Launches, 2017-2018
Table 64 Agreements, Partnerships, Collaborations, Contracts, and Joint Ventures, 2018
Table 65 Expansion 2017-2018

List of Figures
Figure 1 Research Design
Figure 2 Process Flow of Market Size Estimation
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Infrastructure Provider to Hold Largest Market Share of Blockchain IoT Market During 2019-2024
Figure 7 Blockchain IoT Market for Software Solution to Grow at Higher CAGR During 2019-2024
Figure 8 Blockchain IoT Market for Security to Hold Largest Share During 2019-2024
Figure 9 Blockchain IoT Market for Smart City to Grow at Highest CAGR During Forecast Period
Figure 10 Blockchain IoT Market in APAC to Grow at Highest CAGR During 2019-2024
Figure 11 APAC to Grow at Highest CAGR in Blockchain IoT Market During 2019-2024
Figure 12 Blockchain IoT Market for Asset Tracking and Management to Grow at Highest CAGR From 2019 to 2024
Figure 13 North America to Hold Largest Share of Blockchain IoT Market During Forecast Period
Figure 14 Security to Hold Largest Share of Blockchain IoT Market in APAC By 2018
Figure 15 Blockchain IoT Market in China to Grow at Highest CAGR From 2019 to 2024
Figure 16 Blockchain IoT Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Hardware Market to Grow at Highest CAGR During Forecast Period
Figure 18 Software Solution Market to Grow at Higher CAGR During Forecast Period
Figure 19 Market for Asset Tracking and Management to Grow at Highest CAGR During Forecast Period
Figure 20 Market for Asset Tracking and Management in APAC to Grow at Highest CAGR During Forecast Period
Figure 21 Market for Smart City Expected to Grow at Highest CAGR During Forecast Period
Figure 22 Market for Asset Tracking and Management Expected to Grow at Highest CAGR During Forecast Period
Figure 23 Blockchain IoT Market in RoW to Grow at Highest CAGR From 2019 to 2024
Figure 24 North America: Snapshot of Blockchain IoT Market
Figure 25 Europe: Snapshot of Blockchain IoT Market
Figure 26 APAC: Snapshot of Blockchain IoT Market
Figure 27 Product Launches Key Growth Strategy From 2015 to 2017
Figure 28 Competitive Leadership Mapping, 2018
Figure 29 IBM: Business Overview
Figure 30 Microsoft: Company Snapshot
Figure 31 Intel: Company Snapshot
Figure 32 Amazon: Business Overview
Figure 33 Amazon: SWOT Analysis
Figure 34 Cisco Systems: Business Overview

Note: Product cover images may vary from those shown
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  • Amazon
  • Ambrosus
  • Atonomi
  • Cisco Systems
  • Discovery
  • Ethereum Foundation
  • Factom
  • Filament
  • IBM
  • Intel
  • Iota
  • Iotex
  • KrypC
  • Microsoft
  • R3
  • The Linux Foundation
  • Waltonchain
  • Xage, Inc.
Note: Product cover images may vary from those shown
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