Global Blockchain IoT Market to Observe a Disruption due to COVID 19 with Global Size, Trends, Competitors Strategy, Regional Study and Industry Growth by Forecast to 2023

Global Blockchain IoT Market to Observe a Disruption due to COVID 19 with Global Size, Trends, Competitors Strategy, Regional Study and Industry Growth by Forecast to 2023

” Blockchain IoT Market “
According to MRFR, the Global Blockchain IoT Market 2020 was valued at USD 124.58 Million in 2020 and is projected to record a CAGR of 93.4% during the forecast period.

Market highlights

Adoption of the Internet of Things ( IoT) has increased the adoption of diverse advanced technologies such as edge computing, artificial intelligence, cloud computing, and blockchain. Blockchain provides the IoT networks, apps and applications with a decentralized and scalable environment and allows the connected devices to enhance ecosystem security. The IoT provides the various companies with a wide range of opportunities to conduct their operations smartly, and blockchain has immense potential for various industries including BFSI, automotive, manufacturing, and healthcare. The IoT and blockchain combination has allowed end-users to make their systems efficient. The main driving factors for the growth of the blockchain IoT market are IoT ‘s increasing adoption and the need to improve operational efficiency. Factors expected to generate substantial opportunities for players operating in the market during the forecast period are a growing number of government initiatives for the adoption of blockchain IoT worldwide and its increasing usage in the construction sector. Nonetheless, high processing power and time demands and higher latency with a rise in node numbers are estimated to impede market growth over the forecast period.

Get Free Sample of Report @

Key Dashboard

The major players in the Global Blockchain IoT Market are, Inc. (the US), IBM Corporation (US), Intel Corporation (US), Microsoft Corporation (US), Cisco Systems (US), R3 (US), Chronicled (US), Filament (Nevada), Ethereum Foundation (Switzerland), KrypC (India), The Linux Foundation (US), ArcTouch (US), Filament (Nevada). 

Market Segmentation

The Global Blockchain IoT Market has been analyzed based on End User, Application, Offering, and Region.

Based on the Offering, the global blockchain IoT market has been divided into software, hardware, and services.

Based on the Application, the global blockchain IoT market has been segmented into smart homes, data sharing, data security, asset tracking & management, smart contracts, and others.

On the basis of the End User, the global blockchain IoT market has been segmented into the supply chain and logistics, retail, automotive, construction, manufacturing, government, healthcare, energy and utility, and others

Get Full Report @

Regional Analysis

The global blockchain IoT industry geographic study was carried out for North America, Europe, Asia-Pacific, Middle East & Africa and South America.

Owing to the early adopters of emerging technologies such as IoT and blockchain, North America has the largest market share. The North American market was further split into the US, Canada, and Mexico. The United States accounted for a considerable share of the market, followed by Canada and Mexico.

Due to the adoption of IoT technology across various industry verticals, Asia-Pacific is expected to be the fastest-growing regional market during the review period. Europe is projected to be the world’s second-largest blockchain IoT market in the predicted time span. The market is expected to grow at a rapid pace in countries like the UK and Germany in the coming few years.

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.


Market Research Future

+1 646 845 9312


Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India