Internet of Things (IoT) and Blockchain Market Report 2026

The internet of things (iot) and blockchain market size has grown exponentially in recent years. It will grow from $1.89 trillion in 2025 to $2.81 trillion in 2026 at a compound annual growth rate (CAGR) of 48.2%. The growth in the historic period can be attributed to growth of connected devices across industries, rising concerns over iot data security, early adoption of blockchain platforms, expansion of digital transformation initiatives, increasing demand for transparent data systems.

The internet of things (iot) and blockchain market size is expected to see exponential growth in the next few years. It will grow to $10.85 trillion in 2030 at a compound annual growth rate (CAGR) of 40.1%. The growth in the forecast period can be attributed to increasing adoption of decentralized iot architectures, rising investments in blockchain-enabled security solutions, expansion of smart asset tracking applications, growing focus on data integrity and privacy, increasing convergence of iot and distributed ledger technologies. Major trends in the forecast period include increasing integration of blockchain with iot networks, rising adoption of secure device identity management, growing use of smart contracts for iot automation, expansion of decentralized data security frameworks, enhanced focus on trust-based iot ecosystems.

The growing adoption of cloud computing is expected to drive the growth of the Internet of Things (IoT) and blockchain market going forward. Cloud computing refers to the delivery of on-demand computing services - such as servers, storage, databases, networking, software, and analytics - over the Internet. Its adoption is increasing due to scalability, flexibility, cost efficiency, and robust data management capabilities. Cloud platforms provide the storage, processing power, and connectivity needed for IoT devices and blockchain systems, enabling seamless handling of massive data volumes. For instance, in 2025, according to Cloud-Awards, a US-based international program, the global cloud-computing market is projected to grow from $735.45 billion in 2024 to approximately $833 billion in 2025. Therefore, the growing adoption of cloud computing is driving the growth of the IoT and blockchain market.

Key players in the Internet of Things (IoT) and blockchain market are concentrating on advancing sophisticated technologies, such as cross-border IoT connectivity platforms, to enable global connectivity for IoT devices and enhance market competitiveness. Cross-border IoT connectivity platforms empower businesses to deploy and manage IoT devices seamlessly across international borders, leveraging technologies such as eSIM and strategic partnerships with mobile network operators (MNOs). For instance, Verizon Business introduced its Global IoT Orchestration platform in July 2023, offering businesses the capability to deploy and centrally manage devices across international borders. This platform integrates with Verizon's ThingSpace IoT management platform, enabling enterprises to manage global IoT deployments via a unified interface and API. By simplifying cellular connectivity for connected products across the US and overseas using eSIM localization, the platform streamlines complex global IoT operations, eliminating the need for multi-carrier contract negotiations and enhancing procurement, legal, security, privacy, and regulatory compliance.

In July 2023, HCL Technologies Limited, an India-based information technology company, acquired a 100% equity stake in ASAP Group for an undisclosed amount. Through this acquisition, HCL aims to strengthen its global leadership in engineering services by enhancing capabilities in advanced automotive engineering, e-mobility, autonomous driving, and connectivity for OEMs and Tier 1 suppliers. ASAP Group is a Germany-based firm that provides electrics/electronics, software, consulting and services, testing, and vehicle development solutions to leading automotive OEMs and suppliers.

Major companies operating in the internet of things (iot) and blockchain market are Amazon.com Inc., Google LLC, Microsoft Corporation, Verizon Communications Inc., AT&T Inc., Dell Inc., Huawei Technologies Co. Ltd., Siemens AG, Intel Corporation, Accenture plc, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Mitsubishi Electric Corporation, Honeywell International Inc., SAP SE, Fujitsu, The Hewlett Packard Enterprise Company, Ericsson, NEC Corporation, Cognizant, Infosys Limited, HCL Technologies Limited, Wipro Limited, KrypC Technologies.

North America was the largest region in the Internet of Things (IoT) and blockchain market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the internet of things (iot) and blockchain market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the internet of things (iot) and blockchain market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Tariffs are impacting the iot and blockchain market by increasing costs of imported sensors, edge devices, connectivity modules, specialized processors, and secure hardware components. Manufacturing and technology sectors in North America and Europe are most affected due to reliance on imported electronic components, while Asia-Pacific faces higher costs in hardware production and export. These tariffs are increasing deployment costs and slowing large-scale rollouts. However, they are also encouraging local device manufacturing, regional supply chain diversification, and greater emphasis on software-centric blockchain and iot solutions.

The internet of things (iot) and blockchain market research report is one of a series of new reports that provides internet of things (iot) and blockchain market statistics, including internet of things (iot) and blockchain industry global market size, regional shares, competitors with a internet of things (iot) and blockchain market share, detailed internet of things (iot) and blockchain market segments, market trends and opportunities, and any further data you may need to thrive in the internet of things (iot) and blockchain industry. This internet of things (iot) and blockchain market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The Internet of Things (IoT) is a network of interconnected devices embedded with sensors, software, and other technologies that communicate and share data via the Internet. On the other hand, blockchain refers to a decentralized and distributed ledger system that records transactions across a network of computers in a secure manner. The Internet of Things (IoT) facilitates the networking and communication of physical objects, while blockchain technology provides a secure and transparent system for recording and verifying transactions.

The primary types of Internet of Things (IoT) and blockchain technologies encompass hardware and software. IoT and blockchain hardware include physical devices such as sensors, actuators, and gateways that securely collect, transmit, and process data. These technologies can be deployed in both cloud and on-premise environments for various applications, including smart contracts, data security, communication, and asset tracking and management. They find applications across various industries including retail, healthcare, manufacturing, and banking, financial services, and insurance (BFSI).

The Internet of Things (IoT) and blockchain market consists of revenues earned by entities by providing services such as data monetization, identity management and secure communication. The market value includes the value of related goods sold by the service provider or included within the service offering. The Internet of Things (IoT) and blockchain market also includes sales of products such as IoT devices, blockchain nodes, sensor networks, and secure elements. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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