The Blockchain IoT Market size was valued at USD 340.12 Million in 2022 and is expected to grow to USD 12690.35 Million by 2030 and grow at a CAGR of 57.21% over the forecast period of 2023-2030.

The Blockchain IoT market is poised for significant growth as the convergence of these two groundbreaking technologies offers unprecedented security, transparency, and efficiency benefits. By leveraging blockchain's decentralized and immutable ledger, IoT devices can ensure more secure and tamper-proof data transmission, which is crucial in sectors such as healthcare, supply chain, and smart cities. This integration not only enhances data integrity but also mitigates risks associated with centralized data management, making it a highly attractive solution for industries that rely on vast networks of interconnected devices.

Moreover, the Blockchain IoT market is expanding due to increased demand for automated and real-time decision-making processes. Blockchain can facilitate seamless, trustless interactions among IoT devices, enabling automated contracts and transactions without the need for intermediaries. This potential for reduced operational costs and enhanced efficiency is driving adoption across various industries, including agriculture, energy, and manufacturing..

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Covid 19 impact analysis:

The latest report is the most recent study that offers 360° coverage of the Blockchain IoT  industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Blockchain IoT  market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.

Major companies profiled in the market report include

 Huawei, Microsoft, Intel, IBM, Amazon Web Services, Helium, SAP, Ethereum Foundation, Cisco, IoTeX, The Linux Foundation, Arctouch, Ambrosus, Waltonchain, Xage, Chronicled, Factom, HYPR, KrypC, Discovery, Iota, Atonomi, R3, and others

Research objectives: 

The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Blockchain IoT  market.

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It has segmented the global Blockchain IoT market

By Component

• Hardware
• Software and platform
• Services

By organization size

• Large Enterprises
• SMEs

By applications

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

By Vertical

• Energy and Utilities
• Transportation and Logistics
• Manufacturing
• Building Management
• Healthcare
• Retail
• Wearable and Mobile Devices
• Smart City
• Others

Key Objectives of the Global Blockchain IoT Market Report:

• The report conducts a comparative assessment of the leading market players participating in the globalBlockchain IoT 
• The report marks the notable developments that have recently taken place in the Blockchain IoT industry
• It details on the strategic initiatives undertaken by the market competitors for business expansion.
• It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of theBlockchain IoT market value chain.
• The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market

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