Internet of Things (IoT) and Blockchain Market Outlook 2025-2034: Market Share, and Growth Analysis

The Internet Of Things (IoT) and Blockchain Market is valued at USD 1.5 trillion in 2025 and is projected to grow at a CAGR of 40% to reach USD 31 trillion by 2034.

The Internet of Things (IoT) and Blockchain Market is an emerging convergence of two transformative technologies aimed at enhancing data integrity, transparency, and automation across connected ecosystems. IoT generates massive volumes of sensor-driven data from devices, machinery, and infrastructure, while blockchain adds a layer of decentralized security and verifiability to that data. When combined, these technologies enable trusted, tamper-proof, and autonomous transactions between devices, users, and networks. Applications span across supply chain logistics, smart contracts, healthcare monitoring, predictive maintenance, energy distribution, and identity verification. IoT and blockchain integration addresses key challenges around data provenance, ownership, and cybersecurity - making it a powerful solution for industries that depend on real-time, reliable data sharing. As edge computing, 5G, and AI continue to scale, the value proposition of decentralized IoT frameworks is gaining momentum, particularly in sectors with high regulatory sensitivity and multi-stakeholder networks.

The market for IoT and blockchain integration witnessed a surge in pilot projects and early deployments. Manufacturers used blockchain-ledgers to authenticate spare parts in industrial IoT environments, minimizing fraud and downtime. Smart agriculture platforms implemented blockchain to trace food supply chains from farm to table, improving safety and traceability. Energy providers began tokenizing surplus energy from IoT-monitored solar grids to enable peer-to-peer energy trading. Companies like IBM, Cisco, and VeChain enhanced their blockchain-IoT offerings with improved scalability and interoperability through hybrid cloud models. Several governments, particularly in Europe and Asia-Pacific, funded decentralized IoT initiatives for smart city management - covering waste monitoring, environmental sensing, and traffic flow optimization. Additionally, zero-knowledge proofs and sidechain solutions gained interest as a means to process IoT data at scale while maintaining user privacy and blockchain performance.

The IoT and blockchain market is expected to mature with broader standardization, cross-platform compatibility, and real-world scalability. Edge devices will run lightweight blockchain clients, enabling peer-to-peer data validation and micropayment settlements without centralized intermediaries. AI will enhance blockchain analytics, helping predict system failures and trigger smart contract-based automated responses. Tokenization of machine-to-machine transactions - such as vehicle-to-grid payments or equipment leasing - will streamline monetization in industrial IoT. Emerging ecosystems like decentralized autonomous organizations (DAOs) will coordinate IoT devices for shared services, maintenance, and ownership models. Regulatory bodies will move toward clearer frameworks governing decentralized IoT networks, particularly regarding data sovereignty and liability. As businesses demand greater accountability in multi-party systems, the fusion of IoT and blockchain will enable secure, efficient, and autonomous digital infrastructure with minimal human intervention and maximum transparency.

Key Insights: Internet Of Things (IoT) and Blockchain Market
- The analyst notes a growing use of blockchain for IoT data authentication in supply chains, ensuring the integrity and traceability of products and raw materials across complex, multi-node ecosystems.
- Integration of smart contracts with IoT devices is trending, automating machine-level transactions and service triggers such as predictive maintenance, usage-based billing, and access control, says the analyst.
- According to the analyst, decentralized identity (DID) systems are gaining traction in healthcare and industrial IoT, allowing secure, user-controlled access to connected devices and sensitive data streams.
- The analyst observes rising deployment of tokenized microtransactions between devices - such as electric vehicle charging or energy sharing - enabled by blockchain and real-time IoT telemetry.
- Hybrid blockchain models combining public and private chains are trending to balance transparency, scalability, and confidentiality in IoT networks, particularly for enterprise and government use cases.
- The analyst identifies increasing security concerns around IoT as a primary driver, with blockchain offering decentralized, immutable logs that reduce tampering risks and single-point-of-failure vulnerabilities.
- The need for trusted automation in supply chain, manufacturing, and smart cities is fueling adoption of blockchain-enabled IoT for real-time, rule-based interactions and data sharing, says the analyst.
- The analyst notes that advancements in edge computing and 5G connectivity are enabling real-time, decentralized IoT applications that benefit from blockchain’s distributed processing and transparency.
- Enterprise push for operational visibility and compliance across multi-party networks is driving investment in combined IoT-blockchain platforms that ensure accountability and reduce manual reconciliation, according to the analyst.
- The analyst highlights scalability as a key issue, with traditional blockchain protocols struggling to handle the massive volume and velocity of IoT data, necessitating lightweight, scalable architectures.
- According to the analyst, interoperability and integration challenges between legacy systems, IoT devices, and blockchain platforms can hinder adoption, requiring substantial effort in middleware and protocol development.
Internet Of Things (IoT) and Blockchain Market Segmentation
By Type
- Hardware
- Software
By Deployment Model
- Cloud
- On-Premise
By Application
- Smart Contract
- Data Security
- Data Sharing Or Communication
- Asset Tracking and Management
By End-User
- Retail
- Healthcare
- Manufacturing
- Banking
- Financial Services
- and Insurance (BFSI)
Key Companies Analysed
- 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
Internet Of Things (IoT) and Blockchain Market Analytics
The report employs rigorous tools, including Porter’s Five Forces, value chain mapping, and scenario-based modeling, to assess supply-demand dynamics. Cross-sector influences from parent, derived, and substitute markets are evaluated to identify risks and opportunities. Trade and pricing analytics provide an up-to-date view of international flows, including leading exporters, importers, and regional price trends.

Macroeconomic indicators, policy frameworks such as carbon pricing and energy security strategies, and evolving consumer behavior are considered in forecasting scenarios. Recent deal flows, partnerships, and technology innovations are incorporated to assess their impact on future market performance.

Internet Of Things (IoT) and Blockchain Market Competitive Intelligence
The competitive landscape is mapped through proprietary frameworks, profiling leading companies with details on business models, product portfolios, financial performance, and strategic initiatives. Key developments such as mergers & acquisitions, technology collaborations, investment inflows, and regional expansions are analyzed for their competitive impact. The report also identifies emerging players and innovative startups contributing to market disruption.

Regional insights highlight the most promising investment destinations, regulatory landscapes, and evolving partnerships across energy and industrial corridors.

Countries Covered
- North America - Internet Of Things (IoT) and Blockchain market data and outlook to 2034
- United States
- Canada
- Mexico

- Europe - Internet Of Things (IoT) and Blockchain market data and outlook to 2034
- Germany
- United Kingdom
- France
- Italy
- Spain
- BeNeLux
- Russia
- Sweden

- Asia-Pacific - Internet Of Things (IoT) and Blockchain market data and outlook to 2034
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Malaysia
- Vietnam

- Middle East and Africa - Internet Of Things (IoT) and Blockchain market data and outlook to 2034
- Saudi Arabia
- South Africa
- Iran
- UAE
- Egypt

- South and Central America - Internet Of Things (IoT) and Blockchain market data and outlook to 2034
- Brazil
- Argentina
- Chile
- Peru

Research Methodology
This study combines primary inputs from industry experts across the Internet Of Things (IoT) and Blockchain value chain with secondary data from associations, government publications, trade databases, and company disclosures. Proprietary modeling techniques, including data triangulation, statistical correlation, and scenario planning, are applied to deliver reliable market sizing and forecasting.

Key Questions Addressed
- What is the current and forecast market size of the Internet Of Things (IoT) and Blockchain industry at global, regional, and country levels?
- Which types, applications, and technologies present the highest growth potential?
- How are supply chains adapting to geopolitical and economic shocks?
- What role do policy frameworks, trade flows, and sustainability targets play in shaping demand?
- Who are the leading players, and how are their strategies evolving in the face of global uncertainty?
- Which regional “hotspots” and customer segments will outpace the market, and what go-to-market and partnership models best support entry and expansion?
- Where are the most investable opportunities - across technology roadmaps, sustainability-linked innovation, and M&A - and what is the best segment to invest over the next 3-5 years?
Your Key Takeaways from the Internet Of Things (IoT) and Blockchain Market Report
- Global Internet Of Things (IoT) and Blockchain market size and growth projections (CAGR), 2024-2034
- Impact of Russia-Ukraine, Israel-Palestine, and Hamas conflicts on Internet Of Things (IoT) and Blockchain trade, costs, and supply chains
- Internet Of Things (IoT) and Blockchain market size, share, and outlook across 5 regions and 27 countries, 2023-2034
- Internet Of Things (IoT) and Blockchain market size, CAGR, and market share of key products, applications, and end-user verticals, 2023-2034
- Short- and long-term Internet Of Things (IoT) and Blockchain market trends, drivers, restraints, and opportunities
- Porter’s Five Forces analysis, technological developments, and Internet Of Things (IoT) and Blockchain supply chain analysis
- Internet Of Things (IoT) and Blockchain trade analysis, Internet Of Things (IoT) and Blockchain market price analysis, and Internet Of Things (IoT) and Blockchain supply/demand dynamics
- Profiles of 5 leading companies - overview, key strategies, financials, and products
- Latest Internet Of Things (IoT) and Blockchain market news and developments
Additional Support
With the purchase of this report, you will receive:
- An updated PDF report and an MS Excel data workbook containing all market tables and figures for easy analysis.
- 7-day post-sale analyst support for clarifications and in-scope supplementary data, ensuring the deliverable aligns precisely with your requirements.
- Complimentary report update to incorporate the latest available data and the impact of recent market developments.

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