Global Blockchain IoT Market Size, By Offering (Hardware, Software, and Infrastructure Provider), By Application (Smart Contract, Data Security, Data Sharing/Communication, and Asset Tracking & Management), By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Growth Potential, Trends Analysis, Competitive Market Size and Forecast, 2015-2025
- Published Date: July 2019
- Report ID: BWC19177
- Available Format: PDF
- Page: 120
Global Blockchain IoT Market: Overview
The global Blockchain IoT market is expected to grow at a significant rate, during the forecast period 2019-2025. Blockchain for IoT can also be used to track billions of connected devices. Block chain helps in integrating, processing and coordinating number of various devices without the use traditional server route to communicate between the each devices. The will have a great impact in cost minimization on the installing and maintaining servers for an IoT network. Massive scalability of IoT network is be feasible option after significant cost savings. IoT and blockchain combined helps smart devices in exchanging the data and flow of financial transaction through a decentralized systems. The growing use of blockchain for solving IoT's security problems like Weak security and proliferating devices are vital factors expected to encourage the growth of the global Blockchain IoT market in the upcoming period.
In addition, higher adoption of blockchain solutions for smart contracts and digital identity and rising government initiatives for utilizing applications of blockchain technology are other factors estimated to accelerate the growth of the market in the upcoming years. Moreover, Increasing penetration of blockchain and IoT for systematic business process, security arrangements, rising transparency and growing focus on operation activities will fuel the demand for blockchain IoT in the forecast period.
Further, the rapid adoption of IoT-enabled blockchain in freight transportation for temperatures, position, arrival times, and status of shipping containers as they move through the system will contribute to the growth of the Blockchain IoT market in upcoming periods. Additionally, the huge surge in applications of IoT enabled Blockchain for IoT devices to track the state of safety of critical machines and their maintenance in any organization will enable machines to efficiently and quickly perform more mundane and time-consuming tasks will foster the global next-generation data storage market.
Blockchain IoT Market Robot Offering analysis
On the basis of Offering, the Blockchain IoT market has been segmented into Hardware, Software, and Infrastructure Provider. Hardware segment dominates the global Blockchain IoT Market owing to its application to enables data to be exchanged among multiple parties within a network. Moreover, hardware features like it do without the need for intermediaries as network participants interact with encrypted identities. Software components will influence by growing application usage in strengthening data security in IoT devices for the construction, manufacturing, energy and transportation industries.
Blockchain IoT Market Application Analysis
On the basis of Application, the Blockchain IoT market has been segmented into Smart Contract, Data Security, Data Sharing/Communication, and Asset Tracking & Management By application, Smart Contract will lead the market owing to its application usage in connecting different smart devices, tracking specific data, eradicating security breaches, continuous transaction and transparency for public users. Data Security will be triggered by growing application of blockchain to maintain and secure sharable data.
The regional analysis of Blockchain IoT Market
On the basis of region, the Blockchain IoT Market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America dominates the world Blockchain IoT market over the forecast period due to the presence of major giants players coupled with organizations that are gradually moving toward the adoption of blockchain IoT and recognition of blockchain IoT in delivering enhanced customer experience. The Asia Pacific will grow by organizations to transform their business processes and Blockchain applications with IoT help create transparent and decentralized business processes.
The objective of the Study:
· To analyze and forecast the market size of the global Blockchain IoT Market, in terms of value.
· To examine the careful market segmentation and forecast the market size, in terms value, on the basis of the region by segmenting Blockchain IoT market into five regions, namely, North America, Europe, Asia Pacific, Middle East, and their leading countries.
· To outline, categorized and forecast the global Blockchain IoT market on the basis of offering and application.
· To examine competitive developments like technological advancement, services, and regulative framework within the global Blockchain IoT Market.
· To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.
· To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.
Global Blockchain IoT
Market Competitive Landscape
Companies such as IBM Corporation, Microsoft Corporation, Intel Corporation, Amazon.com, Inc., Cisco Systems, Ethereum Foundation, The Linux Foundation, R3, Filament, Ambrosus, Atonomi , Factom, Intel, Iota, Waltonchain, Xage, Inc. and KrypC are the key players in the global Blockchain IoT market.
Key Target Audience:
· Market research and consulting firms
· Industry associations
· Global Blockchain IoT Services Provider
· Research organizations and consulting companies
· Global Blockchain IoT distributors
· Organizations, associations, and alliances related to Blockchain IoT
· Regulatory bodies
Scope of the Report
· Infrastructure Provider
· Smart Contract
· Data Security
· Data Sharing/Communication
· Asset Tracking & Management
In addition, the report provides an analysis of the Blockchain IoT Market with respect to the following geographic segments:
· The U.S.
· Rest of Europe
Asia Pacific (APAC)
· Rest of Asia Pacific
· Rest of Latin America
· Saudi Africa
· Rest of Middle-East
Business Questions answer by the report
· How will the market drivers, restraints and opportunities affect the market dynamics?
· What will be the market size in terms of value and volume and market statistics with detailed classification
· Which segment dominates the market or region and one will be the fastest growing and why?
· A comprehensive survey of the competitive landscape and the market participant players
· Analysis of strategy adopted by the key player and their impact on other players.
Customization Scope for the Client
Client satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:
Additional Company Information
· With five additional company detail analysis.
· Additional country analysis.
· Detailed segment analysis.
- Coffee Machine Market Size, Share, Industry Growth & Forecast 2027 | BlueWeave
- Data Masking Market Size, Share, Growth & Forecast 2027 | BlueWeave
- Digital Lenses Market 2019 | Global Industry Analysis and Forecast Report by 2025
- Dry Transformer Market Size, Share, Growth & Forecast 2027 | BlueWeave
- Gas Engine Market Size & Share | Global Industry Report, 2019-2025
WHY CHOOSE US
24/7 Research support
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
Coustom Research Service
Ask the Analyst to customize an exclusive study to serve your research needs
Quality & Accuracy
Ask the Analyst to customize an exclusive study to serve your research needs
As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
We never share your personal and confidential information. Your personal information is safe and secure with us.