Report Overview

United States Blockchain IoT Market – Industry Trends & Forecast Report, 2031

United States Blockchain IoT Market size was estimated at USD 249.05 million in 2024. During the forecast period between 2025 and 2031, United States Blockchain IoT Market size is projected to expand at a robust CAGR of 51.70% reaching a value of USD 4,604.57 million by 2031. Prominent drivers of the market include increasing demand for data security and privacy, the need for transparent and traceable supply chains, and the widespread adoption of IoT devices. According to a Gartner survey, 75% of United States IoT adopters had implemented or planned to integrate blockchain by 2020, with 86% deploying both technologies together. Improved security and trust were key drivers for nearly two-thirds of respondents, while over half cited increased efficiency and cost reduction. Industries such as pharmaceuticals, energy, utilities, and transportation lead in adoption due to their reliance on tracking physical goods, whereas financial services report the lowest adoption due to their focus on virtual assets. Key market trends include the rise of hybrid blockchain solutions, integration with AI and edge computing, the development of interoperability protocols, enhanced scalability, industry-specific consortiums, and the exploration of tokenization and cryptocurrency use cases, all of which are expected to drive innovation and market expansion.

Blockchain IoT Market – Overview

Blockchain IoT integrates blockchain technology with the Internet of Things (IoT) to enhance the security and management of IoT data. As a decentralized ledger, blockchain ensures tamper-proof data records, making it an ideal solution for protecting sensitive and valuable IoT information. Blockchain IoT technology has the potential to transform various industries by enabling secure and transparent supply chains, tracking the movement of goods and individuals, and improving the efficiency and reliability of connected device management.

United States Blockchain IoT Market

Growth Drivers

Government’s Supportive Initiatives and Investments

United States is experiencing a notable expansion of its Blockchain IoT Market, primarily fueled by proactive government initiatives and strategic investments. Federal entities, such as Elon Musk's Department of Government Efficiency (DOGE), are actively exploring blockchain applications to modernize operations, enhance security, and track spending, aligning with broader digital asset-friendly policies. Simultaneously, the Department of Defense (DoD) is directed to investigate blockchain's potential for national security, focusing on supply chain integrity and data protection. Further, the government is exploring blockchain to improve federal grant management and is also working on creating a regulatory framework. These initiatives, coupled with the presence of numerous fintech companies specializing in digital assets, demonstrate a strong governmental commitment to fostering blockchain innovation, ultimately driving significant growth in United States Blockchain IoT Market through increased transparency, security, and efficiency across various critical domains.

Challenges

High Implementation Costs

High implementation costs could act as a significant barrier to the growth of United States Blockchain IoT Market. The integration of blockchain with IoT requires substantial investments in infrastructure, skilled workforce, and ongoing maintenance. Businesses face challenges in justifying these costs, especially SMEs with limited budgets. Additionally, the high energy consumption of blockchain networks and scalability concerns further deter widespread adoption. Despite its potential to enhance security and transparency, the financial burden slows deployment across industries. Addressing cost-related constraints through innovation and government incentives could accelerate the market’s expansion in the coming years.

Impact of Escalating Geopolitical Tensions on United States Blockchain IoT Market

Escalating geopolitical tensions could significantly impact United States's Blockchain IoT Market. Trade restrictions, sanctions, increased tariffs, and supply chain disruptions could hinder the availability of essential components, increasing costs and delaying project implementations. Rising cybersecurity threats from global conflicts further emphasize the need for enhanced blockchain security, driving up investment requirements. Additionally, regulatory uncertainties stemming from strained international relations may slow adoption, as businesses navigate evolving compliance frameworks. Foreign investment restrictions and technology bans could also limit collaborations, affecting innovation and market expansion. While blockchain’s decentralized nature offers resilience, sustained geopolitical instability may create challenges for widespread deployment, necessitating strategic policy measures to mitigate risks and ensure market growth.

United States Blockchain IoT Market

Segmental Coverage

United States Blockchain IoT Market – By Component

Based on component, United States Blockchain IoT Market is divided into Hardware, Software, and Services segments. The software segment holds the highest share in United States Blockchain IoT Market by component. It is driven by the growing emphasis on software development for blockchain IoT integration. The rising demand for transparency and traceability in supply chains further fueled its growth. Additionally, the need to enhance scalability and security in blockchain applications contributed to the segment’s dominance. Software components played a key role in enabling integration, management, and functionality within IoT applications. Blockchain software provided the essential infrastructure for storing, securing, and validating transactions, facilitating smart contract execution, ensuring network consensus, and enabling decentralized, transparent data sharing.

United States Blockchain IoT Market – By Organization Size

By organization size, United States Blockchain IoT Market is split into Small & medium-Sized Enterprises (SMEs) and Large Enterprises segments. The small & medium-sized enterprises (SMEs) segment holds a higher share in United States Blockchain IoT Market by organization size, driven by the increasing need for transparency, security, and operational efficiency. SMEs face challenges in establishing trust, managing supply chains, and ensuring data security, making blockchain IoT an ideal solution for streamlining operations and enhancing credibility. By leveraging decentralized and tamper-proof ledgers, SMEs can improve transparency in transactions, reduce fraud risks, and enhance trust among stakeholders. The integration of smart contracts further automates processes, minimizing administrative costs and eliminating intermediaries, which is particularly beneficial for industries such as logistics, retail, and finance. Additionally, blockchain IoT enables SMEs to optimize supply chain management by enhancing product traceability, improving inventory control, and reducing operational inefficiencies. The technology also facilitates secure and cost-effective payments, especially for SMEs engaged in cross-border trade, by reducing transaction times and lowering processing fees. Moreover, blockchain-powered identity verification systems help SMEs in finance and healthcare sectors prevent fraud and ensure secure authentication. As SMEs increasingly adopt blockchain IoT solutions to drive business efficiency and competitiveness, they continue to hold a dominant share in the market, surpassing larger enterprises in adoption and impact.

United States Blockchain IoT Market – By Industry Vertical

On the basis of industry vertical, United States Blockchain IoT Market is divided into Logistics & Transportation, Healthcare, Retail & E-commerce, Manufacturing, Energy & Utilities, and Smart City segments. The logistics & transportation segment holds the highest share in United States Blockchain IoT Market by industry vertical. It is driven by the sector’s increasing reliance on these solutions for enhanced supply chain transparency and risk mitigation. Blockchain IoT plays a crucial role in preventing stockouts and overstock situations, making it indispensable for efficient inventory management. Additionally, the growing need for smart contracts and robust security management is further accelerating the adoption of blockchain IoT in transportation and logistics, reinforcing its dominance in the market.

Competitive Landscape

Major players operating in United States Blockchain IoT Market include IBM, Cisco, Microsoft, Intel, Amazon Web Services (AWS), Linux Foundation, Huawei, SAP, Ethereum Foundation, International Business Machines Corp, WPP PLC, KrypC, IoTeX, R3, and Chronicled. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In February 2025 - Ondo Finance launched Ondo Global Markets (Ondo GM), a blockchain-based platform that tokenizes US stocks, bonds, and ETFs, enabling global investors to access these assets using stablecoins.

Scope of the Report

By Component

• Hardware

• Software

• Services

By Organization Size

• Small & Medium-sized Enterprises (SMEs)

• Large Enterprises

By Industry Vertical

• Logistics & Transportation

• Healthcare

• Retail & E-commerce

• Manufacturing

• Energy & Utilities

• Smart City

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. United States Blockchain IoT Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Rising Adoption of IOT in Various Industries
         2. Growing Concern Over Data Security and Privacy
         3. Government Initiative and Investments
      2. Restraints
         1. High Implementation Costs
         2. Scalability Issues
      3. Opportunities
         1. Rising Adoption in Supply Chain and Logistics
         2. Emerging Use Cases in Healthcare and Smart Cities
      4. Challenges
         1. Energy Consumption Concerns
         2. Interoperability Issues
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. United States Blockchain IoT Market: Marketing Strategies
5. United States Blockchain IoT Market: Pricing Analysis
6. United States Blockchain IoT Market Overview
   1. Market Size & Forecast, 2019–2031
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Component
         1. Hardware
         2. Software
         3. Services
      2. By Organization Size
         1. Small & Medium-sized Enterprises (SMEs)
         2. Large Enterprises
      3. By Industry Vertical
         1. Logistics & Transportation
         2. Healthcare
         3. Retail & E-commerce
         4. Manufacturing
         5. Energy & Utilities
         6. Smart City
7. Competitive Landscape
   1. List of Key Players and Their End Users
   2. United States Blockchain IoT Company Market Share Analysis, 2024
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
8. Impact of Escalating Geopolitical Tensions on United States Blockchain IoT Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. IBM
   2. Cisco
   3. Microsoft
   4. Intel
   5. Amazon Web Services (AWS)
   6. Linux Foundation
   7. Huawei
   8. SAP
   9. Ethereum Foundation
   10. International Business Machines Corp
   11. WPP PLC
   12. KrypC
   13. IoTeX
   14. R3
   15. Chronicled
   16. Other Prominent Players
10. Key Strategic Recommendations
11. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
       1. Secondary Research
       2. Primary Research
    4. Breakdown of Primary Research Respondents
    5. Assumption & Limitation

*Financial information of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1   United States Blockchain IoT Market Segmentation

Figure 2   United States Blockchain IoT Market Value Chain Analysis

Figure 3   Company Market Share Analysis, 2024

Figure 4   United States Blockchain IoT Market Size, By Value (USD Million), 2019–2031

Figure 5   United States Blockchain IoT Market Share, By Component, By Value (USD Million) 2019–2031

Figure 6   United States Blockchain IoT Market Share, By Organization Size, By Value (USD Million) 2019–2031

Figure 7   United States Blockchain IoT Market Share, By Industry Vertical, By Value (USD Million) 2019–2031

List of Tables

Table 1      United States Blockchain IoT Market Share, By Type, By Value (USD Million) 2019–2031

Table 2      United States Blockchain IoT Market Share, By Organization Size, By Value (USD Million) 2019–2031

Table 3      United States Blockchain IoT Market Share, By Industry Vertical, By Value (USD Million) 2019–2031

Table 4      IBM Company Overview

Table 5      IBM Financial Overview

Table 6      Cisco Company Overview

Table 7      Cisco Financial Overview

Table 8      Microsoft Company Overview

Table 9      Microsoft Financial Overview

Table 10    Intel Company Overview

Table 11    Intel Financial Overview

Table 12    Amazon Web Services (AWS) Company Overview

Table 13    Amazon Web Services (AWS) Financial Overview

Table 14    Linux Foundation Company Overview

Table 15    Linux Foundation Financial Overview

Table 16    Huawei Company Overview

Table 17    Huawei Financial Overview

Table 18    SAP Company Overview

Table 19    SAP Financial Overview

Table 20    Ethereum Foundation Company Overview

Table 21    Ethereum Foundation Financial Overview

Table 22    International Business Machines Corp Company Overview

Table 23    International Business Machines Corp Financial Overview

Table 24    WPP PLC Company Overview

Table 25    WPP PLC Financial Overview

Table 26    KrypC Company Overview

Table 27    KrypC Financial Overview

Table 28    IoTeX Company Overview

Table 29    IoTeX Financial Overview

Table 30    R3 Company Overview

Table 31    R3 Financial Overview

Table 32    Chronicled Company Overview

Table 33    Chronicled Financial Overview