Press Resease

Blockchain IoT Market - Global Industry Analysis

Blockchain IoT Market By Component (Hardware, Software, and Services), By Application (Data Security, Data Sharing, Asset Tracking and Management, Smart Contracts, and Others), and By End-Use Industry (Retail, Energy & Utilities, Consumer Electronics, Healthcare, Construction, Transportation, Manufacturing, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Published Date: 08-Aug-2019 Category: Technology & Media Report Format : PDF Pages: 146 Report Code: ZMR-4557 Status : Published

Global blockchain IoT market expected to reach around USD 3,033 million by 2025, at a CAGR of 91.4% between 2019 and 2025. The growing adoption of blockchain technology for payments in the retail sector is anticipated to drive the blockchain IoT market over the forecast timespan.

Description

The report analyzes and forecasts the blockchain IoT market on a global and regional level. The study offers past data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The assessment of blockchain IoT market dynamics gives a brief thought about the market drivers and restraints along with their impact on the demand over the years to come. Additionally, the report also includes the study of opportunities available in the blockchain IoT market on a global level.

The report gives a transparent view of the blockchain IoT market. We have included a detailed competitive scenario and portfolio of the leading vendors operating in the blockchain IoT market. To understand the competitive landscape in the blockchain IoT market, an analysis of Porter’s Five Forces model for the blockchain IoT market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Blockchain IoT Market

The study provides a crucial view of the blockchain IoT market by segmenting it based on application, component, end-use industry, and region. All the segments of the blockchain IoT market have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segment comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe.

Some prominent players of the blockchain IoT market are Microsoft, Cisco Systems, Intel, Amazon.com, IBM, The Linux Foundation, Ethereum Foundation, R3, KrypC, and IoTEX.

This report segments the global blockchain IoT market into:

Global Blockchain IoT Market: Component Analysis

  • Hardware
  • Software
  • Services

Global Blockchain IoT Market: Application Analysis

  • Data Security
  • Data Sharing
  • Asset Tracking and Management
  • Smart Contracts
  • Others

Global Blockchain IoT Market: End-Use Industry Analysis

  • Retail
  • Energy and Utilities
  • Consumer Electronics
  • Healthcare
  • Construction
  • Transportation
  • Manufacturing
  • Others

Global Blockchain IoT Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
      • 1.3.3. Level 1: Primary Research
      • 1.3.4. Level 2: Secondary Research
      • 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Blockchain IoT Market, 2016-2025 (USD Million)
    • 2.2. Blockchain IoT Market: Snapshot
  •  
  • Chapter 3. Global Blockchain IoT Market - Industry Analysis
    • 3.1. Introduction
    • 3.2. Industry ecosystem analysis
    • 3.3. Technology landscape
    • 3.4. Market Drivers
      • 3.4.1. North America
      • 3.4.2. Europe
      • 3.4.3. Asia Pacific
        • 3.4.3.1. Increasing product demand in the retail sector
      • 3.4.4. Latin America
      • 3.4.5. MEA
    • 3.5. Restraints
      • 3.5.1. Lack of awareness
    • 3.6. Opportunity
      • 3.6.1. Adoption of blockchain solutions in smart contracts
    • 3.7. Innovation & sustainability
    • 3.8. Regulatory landscape
    • 3.9. Porter's Five Forces Analysis
    • 3.10. PESTLE Analysis
    • 3.11. Blockchain IoT Market: Market Attractiveness Analysis
      • 3.11.1. Market Attractiveness Analysis by Component
      • 3.11.2. Market Attractiveness Analysis by Application
      • 3.11.3. Market Attractiveness Analysis by End-Use Industry
      • 3.11.4. Market Attractiveness Analysis by Region
  •  
  • Chapter 4. Global Blockchain IoT Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2018
    • 4.2. Strategic Development
    • 4.2.1. Acquisitions and Mergers
    • 4.2.2. New Product Launch
    • 4.2.3. Agreements, Partnerships, Collaborations, and Joint Ventures
    • 4.2.4. Research & Development and Regional Expansion
  •  
  • Chapter 5. Blockchain IoT Market - Component Analysis
    • 5.1. Global Blockchain IoT Market Share, by Component, 2018 and 2025
    • 5.2. Global Blockchain IoT Market by Hardware, 2016-2025 (USD Million)
    • 5.3. Global Blockchain IoT Market by Software, 2016-2025 (USD Million)
    • 5.4. Global Blockchain IoT Market by Services, 2016-2025 (USD Million)
  •  
  • Chapter 6. Blockchain IoT Market - Application Analysis
    • 6.1. Global Blockchain IoT Market Share, by Application, 2018 and 2025
    • 6.2. Global Blockchain IoT Market by Data Security, 2016-2025 (USD Million)
    • 6.3. Global Blockchain IoT Market by Data Sharing, 2016-2025 (USD Million)
    • 6.4. Global Blockchain IoT Market by Asset Tracking and Management, 2016-2025 (USD Million)
    • 6.5. Global Blockchain IoT Market by Smart Contracts, 2016-2025 (USD Million)
    • 6.6. Global Blockchain IoT Market by Others, 2016-2025 (USD Million)
  •  
  • Chapter 7. Blockchain IoT Market - End-Use Industry Analysis
    • 7.1. Global Blockchain IoT Market Share, by End-Use Industry, 2018 and 2025
    • 7.2. Global Blockchain IoT Market by Retail, 2016-2025 (USD Million)
    • 7.3. Global Blockchain IoT Market by Energy & Utilities, 2016-2025 (USD Million)
    • 7.4. Global Blockchain IoT Market by Consumer Electronics, 2016-2025 (USD Million)
    • 7.5. Global Blockchain IoT Market by Healthcare, 2016-2025 (USD Million)
    • 7.6. Global Blockchain IoT Market by Construction, 2016-2025 (USD Million)
    • 7.7. Global Blockchain IoT Market by Transportation, 2016-2025 (USD Million)
    • 7.8. Global Blockchain IoT Market by Manufacturing, 2016-2025 (USD Million)
    • 7.9. Global Blockchain IoT Market by Others, 2016-2025 (USD Million)
  •  
  • Chapter 8. Blockchain IoT Market - Regional Analysis
    • 8.1. Global Blockchain IoT Market: Regional Overview
      • 8.1.1. Global Blockchain IoT Market Share, By Region, 2018 and 2025
    • 8.2. North America
      • 8.2.1. North America Blockchain IoT Market Revenue, 2016-2025 (USD Million)
      • 8.2.2. North America Blockchain IoT Market Revenue, By Application, 2016-2025 (USD Million)
      • 8.2.3. North America Blockchain IoT Market Revenue, By Component, 2016-2025 (USD Million)
      • 8.2.4. North America Blockchain IoT Market Revenue, By End-Use Industry, 2016-2025 (USD Million)
      • 8.2.5. The U.S.
        • 8.2.5.1. The U.S. Blockchain IoT Market Revenue, by Application, 2016-2025 (USD Million)
        • 8.2.5.2. The U.S. Blockchain IoT Market Revenue, by Component, 2016-2025 (USD Million)
        • 8.2.5.3. The U.S. Blockchain IoT Market Revenue, by End-Use Industry, 2016-2025 (USD Million)
      • 8.2.6. Canada
        • 8.2.6.1. Canada Blockchain IoT Market Revenue, by Application, 2016-2025 (USD Million)
        • 8.2.6.2. Canada Blockchain IoT Market Revenue, by Component, 2016-2025 (USD Million)
        • 8.2.6.3. Canada Blockchain IoT Market Revenue, by End-Use Industry, 2016-2025 (USD Million)
    • 8.3. Europe
      • 8.3.1. Europe Blockchain IoT Market Revenue, 2016-2025 (USD Million)
      • 8.3.2. Europe Blockchain IoT Market Revenue, By Application, 2016-2025 (USD Million)
      • 8.3.3. Europe Blockchain IoT Market Revenue, By Component, 2016-2025 (USD Million)
      • 8.3.4. Europe Blockchain IoT Market Revenue, By End-Use Industry, 2016-2025 (USD Million)
      • 8.3.5. UK
        • 8.3.5.1. UK Blockchain IoT Market Revenue, by Application, 2016-2025 (USD Million)
        • 8.3.5.2. UK Blockchain IoT Market Revenue, by Component, 2016-2025 (USD Million)
        • 8.3.5.3. UK Blockchain IoT Market Revenue, by End-Use Industry, 2016-2025 (USD Million)
      • 8.3.6. France
        • 8.3.6.1. France Blockchain IoT Market Revenue, by Application, 2016-2025 (USD Million)
        • 8.3.6.2. France Blockchain IoT Market Revenue, by Component, 2016-2025 (USD Million)
        • 8.3.6.3. France Blockchain IoT Market Revenue, by End-Use Industry, 2016-2025 (USD Million)
      • 8.3.7. Germany
        • 8.3.7.1. Germany Blockchain IoT Market Revenue, by Application, 2016-2025 (USD Million)
        • 8.3.7.2. Germany Blockchain IoT Market Revenue, by Component, 2016-2025 (USD Million)
        • 8.3.7.3. Germany Blockchain IoT Market Revenue, by End-Use Industry, 2016-2025 (USD Million)
      • 8.3.8. Rest of Europe
        • 8.3.8.1. Rest of Europe Blockchain IoT Market Revenue, by Application, 2016-2025 (USD Million)
        • 8.3.8.2. Rest of Europe Blockchain IoT Market Revenue, by Component, 2016-2025 (USD Million)
        • 8.3.8.3. Rest of Europe Blockchain IoT Market Revenue, by End-Use Industry, 2016-2025 (USD Million)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific Blockchain IoT Market Revenue, 2016-2025 (USD Million)
      • 8.4.2. Asia Pacific Blockchain IoT Market Revenue, By Application, 2016-2025 (USD Million)
      • 8.4.3. Asia Pacific Blockchain IoT Market Revenue, By Component, 2016-2025 (USD Million)
      • 8.4.4. Asia Pacific Blockchain IoT Market Revenue, By End-Use Industry, 2016-2025 (USD Million)
      • 8.4.5. China
        • 8.4.5.1. China Blockchain IoT Market Revenue, by Application, 2016-2025 (USD Million)
        • 8.4.5.2. China Blockchain IoT Market Revenue, by Component, 2016-2025 (USD Million)
        • 8.4.5.3. China Blockchain IoT Market Revenue, by End-Use Industry, 2016-2025 (USD Million)
      • 8.4.6. Japan
        • 8.4.6.1. Japan Blockchain IoT Market Revenue, by Application, 2016-2025 (USD Million)
        • 8.4.6.2. Japan Blockchain IoT Market Revenue, by Component, 2016-2025 (USD Million)
        • 8.4.6.3. Japan Blockchain IoT Market Revenue, by End-Use Industry, 2016-2025 (USD Million)
      • 8.4.7. India
        • 8.4.7.1. India Blockchain IoT Market Revenue, by Application, 2016-2025 (USD Million)
        • 8.4.7.2. India Blockchain IoT Market Revenue, by Component, 2016-2025 (USD Million)
        • 8.4.7.3. India Blockchain IoT Market Revenue, by End-Use Industry, 2016-2025 (USD Million)
      • 8.4.8. Rest of Asia Pacific
        • 8.4.8.1. Rest of Asia Pacific Blockchain IoT Market Revenue, by Application, 2016-2025 (USD Million)
        • 8.4.8.2. Rest of Asia Pacific Blockchain IoT Market Revenue, by Component, 2016-2025 (USD Million)
        • 8.4.8.3. Rest of Asia Pacific Blockchain IoT Market Revenue, by End-Use Industry, 2016-2025 (USD Million)
    • 8.5. Latin America
      • 8.5.1. Latin America Blockchain IoT Market Revenue, 2016-2025 (USD Million)
      • 8.5.2. Latin America Blockchain IoT Market Revenue, By Application, 2016-2025 (USD Million)
      • 8.5.3. Latin America Blockchain IoT Market Revenue, By Component, 2016-2025 (USD Million)
      • 8.5.4. Latin America Blockchain IoT Market Revenue, By End-Use Industry, 2016-2025 (USD Million)
      • 8.5.5. Brazil
        • 8.5.5.1. Brazil Blockchain IoT Market Revenue, by Application, 2016-2025 (USD Million)
        • 8.5.5.2. Brazil Blockchain IoT Market Revenue, by Component, 2016-2025 (USD Million)
        • 8.5.5.3. Brazil Blockchain IoT Market Revenue, by End-Use Industry, 2016-2025 (USD Million)
      • 8.5.6. Rest of Latin America
        • 8.5.6.1. Rest of Latin America Blockchain IoT Market Revenue, by Application, 2016-2025 (USD Million)
        • 8.5.6.2. Rest of Latin America Blockchain IoT Market Revenue, by Component, 2016-2025 (USD Million)
        • 8.5.6.3. Rest of Latin America Blockchain IoT Market Revenue, by End-Use Industry, 2016-2025 (USD Million)
    • 8.6. The Middle East and Africa
      • 8.6.1. The Middle East and Africa Blockchain IoT Market Revenue, 2016-2025 (USD Million)
      • 8.6.2. The Middle East and Africa Blockchain IoT Market Revenue, by Application, 2016-2025 (USD Million)
      • 8.6.3. The Middle East and Africa Blockchain IoT Market Revenue, by Component, 2016-2025 (USD Million)
      • 8.6.4. The Middle East and Africa Blockchain IoT Market Revenue, by End-Use Industry, 2016-2025 (USD Million)
  •  
  • Chapter 9. Company Profiles
    • 9.1. Microsoft
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. Cisco Systems
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. Amazon.com
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Intel Corporation
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Ethereum Foundation
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. IBM
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. The Linux Foundation
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. KrypC
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. R3
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. IoTEX
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments

List of Figures

1. Global Blockchain IoT Market Segmentation by Application, Component, End-Use Industry, and Geography
2. Global Blockchain IoT Market, 2016–2025 (USD Million)
3. Porter’s Five Forces Analysis
4. Global Blockchain IoT Market Attractiveness, by Application
5. Global Blockchain IoT Market Attractiveness, by Component
6. Global Blockchain IoT Market Attractiveness, by End-Use Industry
7. Global Blockchain IoT Market Attractiveness, by Region
8. Global Blockchain IoT Market Share, by Application, 2018 and 2025
9. Global Blockchain IoT Market by Data Security, 2016–2025 (USD Million)
10. Global Blockchain IoT Market by Data Sharing, 2016–2025 (USD Million)
11. Global Blockchain IoT Market by Asset Tracking and Management, 2016–2025 (USD Million)
12. Global Blockchain IoT Market by Smart Contracts, 2016–2025 (USD Million)
13. Global Blockchain IoT Market by Others, 2016–2025 (USD Million)
14. Global Blockchain IoT Market Share, by Component, 2018 and 2025
15. Global Blockchain IoT Market by Hardware, 2016–2025 (USD Million)
16. Global Blockchain IoT Market by Software, 2016–2025 (USD Million)
17. Global Blockchain IoT Market by Services, 2016–2025 (USD Million)
18. Global Blockchain IoT Market Share, by End-Use Industry, 2018 and 2025
19. Global Blockchain IoT Market by Retail, 2016–2025 (USD Million)
20. Global Blockchain IoT Market by Energy & Utilities, 2016–2025 (USD Million)
21. Global Blockchain IoT Market by Consumer Electronics, 2016–2025 (USD Million)
22. Global Blockchain IoT Market by Healthcare, 2016–2025 (USD Million)
23. Global Blockchain IoT Market by Construction, 2016–2025 (USD Million)
24. Global Blockchain IoT Market by Transportation, 2016–2025 (USD Million)
25. Global Blockchain IoT Market by Manufacturing, 2016–2025 (USD Million)
26. Global Blockchain IoT Market by Others, 2016–2025 (USD Million)
27. Global Blockchain IoT Market Share, by Region, 2018 and 2025
28. North America Blockchain IoT Market, 2016–2025 (USD Million)
29. Europe Blockchain IoT Market, 2016–2025 (USD Million)
30. Asia Pacific Blockchain IoT Market, 2016-2025(USD Million)
31. Latin America Blockchain IoT Market, 2016–2025 (USD Million)
32. The Middle East and Africa Blockchain IoT Market, 2016–2025 (USD Million)


List of Tables

1. Global Blockchain IoT Market snapshot
2. Drivers of the Blockchain IoT Market: Impact analysis
3. Restraints of the Blockchain IoT Market: Impact analysis
4. North America Blockchain IoT Market Revenue, By Application, 2016–2025 (USD Million) 
5. North America Blockchain IoT Market Revenue, By Component, 2016–2025 (USD Million)
6. North America Blockchain IoT Market Revenue, By End-Use Industry, 2016–2025 (USD Million)
7. The U.S. Blockchain IoT Market Revenue, By Application, 2016–2025 (USD Million) 
8. The U.S. Blockchain IoT Market Revenue, By Component, 2016–2025 (USD Million)
9. The U.S. Blockchain IoT Market Revenue, By End-Use Industry, 2016–2025 (USD Million)
10. Canada Blockchain IoT Market Revenue, By Application, 2016–2025 (USD Million) 
11. Canada Blockchain IoT Market Revenue, By Component, 2016–2025 (USD Million)
12. Canada Blockchain IoT Market Revenue, By End-Use Industry, 2016–2025 (USD Million)
13. Europe Blockchain IoT Market Revenue, By Application, 2016–2025 (USD Million) 
14. Europe Blockchain IoT Market Revenue, By Component, 2016–2025 (USD Million)
15. Europe Blockchain IoT Market Revenue, By End-Use Industry, 2016–2025 (USD Million)
16. UK Blockchain IoT Market Revenue, By Application, 2016–2025 (USD Million) 
17. UK Blockchain IoT Market Revenue, By Component, 2016–2025 (USD Million)
18. UK Blockchain IoT Market Revenue, By End-Use Industry, 2016–2025 (USD Million)
19. France Blockchain IoT Market Revenue, By Application, 2016–2025 (USD Million) 
20. France Blockchain IoT Market Revenue, By Component, 2016–2025 (USD Million)
21. France Blockchain IoT Market Revenue, By End-Use Industry, 2016–2025 (USD Million)
22. Germany Blockchain IoT Market Revenue, By Application, 2016–2025 (USD Million) 
23. Germany Blockchain IoT Market Revenue, By Component, 2016–2025 (USD Million)
24. Germany Blockchain IoT Market Revenue, By End-Use Industry, 2016–2025 (USD Million)
25. Rest of Europe Blockchain IoT Market Revenue, By Application, 2016–2025 (USD Million) 
26. Rest of Europe Blockchain IoT Market Revenue, By Component, 2016–2025 (USD Million)
27. Rest of Europe Blockchain IoT Market Revenue, By End-Use Industry, 2016–2025 (USD Million)
28. Asia Pacific Blockchain IoT Market Revenue, By Application, 2016–2025 (USD Million) 
29. Asia Pacific Blockchain IoT Market Revenue, By Component, 2016–2025 (USD Million)
30. Asia Pacific Blockchain IoT Market Revenue, By End-Use Industry, 2016–2025 (USD Million)
31. China Blockchain IoT Market Revenue, By Application, 2016–2025 (USD Million) 
32. China Blockchain IoT Market Revenue, By Component, 2016–2025 (USD Million)
33. China Blockchain IoT Market Revenue, By End-Use Industry, 2016–2025 (USD Million)
34. Japan Blockchain IoT Market Revenue, By Application, 2016–2025 (USD Million) 
35. Japan Blockchain IoT Market Revenue, By Component, 2016–2025 (USD Million)
36. Japan Blockchain IoT Market Revenue, By End-Use Industry, 2016–2025 (USD Million)
37. India Blockchain IoT Market Revenue, By Application, 2016–2025 (USD Million) 
38. India Blockchain IoT Market Revenue, By Component, 2016–2025 (USD Million)
39. India Blockchain IoT Market Revenue, By End-Use Industry, 2016–2025 (USD Million)
40. Rest of Asia Pacific Blockchain IoT Market Revenue, By Application, 2016–2025 (USD Million) 
41. Rest of Asia Pacific Blockchain IoT Market Revenue, By Component, 2016–2025 (USD Million)
42. Rest of Asia Pacific Blockchain IoT Market Revenue, By End-Use Industry, 2016–2025 (USD Million)
43. Latin America Blockchain IoT Market Revenue, By Application, 2016–2025 (USD Million) 
44. Latin America Blockchain IoT Market Revenue, By Component, 2016–2025 (USD Million)
45. Latin America Blockchain IoT Market Revenue, By End-Use Industry, 2016–2025 (USD Million)
46. Brazil Blockchain IoT Market Revenue, By Application, 2016–2025 (USD Million) 
47. Brazil Blockchain IoT Market Revenue, By Component, 2016–2025 (USD Million)
48. Brazil Blockchain IoT Market Revenue, By End-Use Industry, 2016–2025 (USD Million)
49. Rest of Latin America Blockchain IoT Market Revenue, By Application, 2016–2025 (USD Million) 
50. Rest of Latin America Blockchain IoT Market Revenue, By Component, 2016–2025 (USD Million)
51. Rest of Latin America Blockchain IoT Market Revenue, By End-Use Industry, 2016–2025 (USD Million)
52. The Middle East and Africa Blockchain IoT Market Revenue, By Application, 2016–2025 (USD Million) 
53. The Middle East and Africa Blockchain IoT Market Revenue, By Component, 2016–2025 (USD Million)
54. The Middle East and Africa Blockchain IoT Market Revenue, By End-Use Industry, 2016–2025 (USD Million)

Methodology

Free Analysis

The growing demand for product tracking solutions is currently fueling the blockchain IoT market. Major benefits of blockchain technology are less paperwork leading to fewer delays in transport, reduced transportation cost, few manual errors, and quick identification of products. Organizations can gain a real-time digital ledger for all the transactions of their participants within a network due to blockchain technology.

Numerous consumer electronics manufacturers including Apple, Samsung Electronics, and General Electric have already opted to use blockchain technology in their supply chain. Samsung Electronics, in 2018, announced that it is developing a distributed ledger system that will track all its global shipments and will help in reducing the overall shipping costs by 20%. Furthermore, these organizations are also focusing on utilizing IoT technology. The rising demand for blockchain and IoT in healthcare is driving the market over the forecast period. Blockchain and IoT systems automate various administrative tasks in the healthcare sector along with removing the possibility of any kind of human errors in payment processing that improves accuracy and reduces additional overheads. In 2017, “IBM Watson Health” announced its partnership with the “Food and Drug Administration” to utilize blockchain and exchange data related to health in a secure and efficient manner. However, the lack of awareness among organizations about blockchain IoT technology may limit this market globally.

Global Blockchain IoT Market

The application segment of the blockchain IoT market is fragmented into smart contracts, data security, asset tracking and management, data sharing, and others. Data security is expected to grow considerably over the estimated timeline, owing to the rising concerns for data theft due to a growing number of cyber-attacks. By end-use industry, the blockchain IoT market includes retail, energy and utilities, consumer electronics, healthcare, construction, transportation, manufacturing, and others. The transportation segment is estimated to hold a substantial market share in the future, owing to the increasing adoption of blockchain solutions to track products in-transit.

The Asia Pacific region is anticipated to witness notable growth in the global blockchain IoT market over the upcoming years. China is projected to generate a huge demand for blockchain solutions, particularly by its manufacturing sector. The European blockchain IoT market is expected to hold a significant share globally, owing to the increasing investments made for retail IoT solutions. Top retailers are focusing on utilizing IoT with blockchain technology to leverage their retail services offered to customers.

Some prominent players of the blockchain IoT market are Microsoft, Cisco Systems, Intel, Amazon.com, IBM, The Linux Foundation, Ethereum Foundation, R3, KrypC, and IoTEX.

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