How big is the Blockchain IoT Market?

The Blockchain IoT Market size is expected to reach USD 0.82 billion in 2024 and grow at a CAGR of 43.58% to reach USD 4.98 billion by 2029. Read More

What is the current Blockchain IoT Market size?

In 2024, the Blockchain IoT Market size is expected to reach USD 0.82 billion. Read More

Who are the key players in Blockchain IoT Market?

IBM Corporation, Microsoft Corporation, Intel Corporation, Cisco Systems Inc. and Amazon Inc are the major companies operating in the Blockchain IoT Market. Read More

Which is the fastest growing region in Blockchain IoT Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Blockchain IoT Market?

In 2024, the North America accounts for the largest market share in Blockchain IoT Market. Read More

What years does this Blockchain IoT Market cover, and what was the market size in 2023?

In 2023, the Blockchain IoT Market size was estimated at USD 0.46 billion. The report covers the Blockchain IoT Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Blockchain IoT Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Blockchain IoT Market Trends

Statistics for the 2023 & 2024 Blockchain IoT market trends, created by Mordor Intelligence™ Industry Reports. Blockchain IoT trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Blockchain IoT Industry

Smart City End Users Segment is Expected to Hold Significant Market Share

Smart City End Users: Growing urbanization drives smart city initiatives globally, with 54% of the population living in cities and expected to reach 66% by 2050. Smart cities are increasingly adopting blockchain IoT solutions for managing urban growth, reducing operational costs, and optimizing resource use.
Security and Transparency: The decentralized nature of blockchain enhances data security within smart city infrastructures, a critical concern for urban management systems. This is particularly important as cities increasingly rely on connected devices, making them vulnerable to cyber threats.
Government Initiatives: Government initiatives globally are recognizing the potential of blockchain in smart city projects, particularly in managing transactions and ensuring transparency. Cities like Copenhagen, Seoul, Beijing, Amsterdam, and Singapore are leading in digital innovation, integrating blockchain IoT solutions into their urban infrastructures.

Blockchain IoT Market : Share of Urban Population in Percentage (%), by Continent, Global, 2023

Understand The Key Trends Shaping This Market

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Asia-Pacific is Expected to Be the Fastest-growing Market

Urbanization and IoT Integration: The Asia-Pacific region is set to experience the fastest growth in the blockchain IoT market, driven by rapid urbanization and substantial investments in IoT infrastructure. Countries like China, Japan, and South Korea are leveraging blockchain IoT technology to enhance sectors such as manufacturing, healthcare, and transportation.
Technological Advancements: In manufacturing, blockchain IoT integration is revolutionizing supply chains by increasing transparency and reducing costs. In healthcare, blockchain IoT solutions are securing patient data and improving the management of medical devices, contributing to the rapid adoption of these technologies in the Asia-Pacific region.
Smart Transportation: The transportation sector in Asia-Pacific is also seeing significant advancements with the integration of blockchain IoT technologies. These technologies optimize logistics networks by improving route efficiency and reducing fuel consumption.
Government Collaborations: The expansion of the blockchain IoT market in Asia-Pacific is significantly driven by government policies and strategic collaborations. For instance, Conflux Network's partnership with China Telecom and China’s collaboration with Malaysia's MyEG to expand blockchain infrastructure highlight the region's commitment to technological innovation.