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Blockchain IoT Market By Offering (Hardware, Software, Infrastructure Provider), By Application (Data Security, Smart Contacts, Asset Tracking And Management, Data Communication/Sharing, Others), By End-User (Transportation And Logistics, Energy And Utility, Manufacturing, Retail, Building Management, Smart City, Healthcare, Wearable And Mobile Devices, Others) – Growth, Share, Opportunities & Competitive Analysis, 2019 -2027

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Published: | Report ID: 1869 | Report Format : PDF

Rising Concern for Data Security expected to spur the demand for Blockchain IoT Market.

The global blockchain IoT market value surged from US$ 37.4 Mn in 2018 to US$ 9,070.4 Mn in 2027, with a CAGR of 60.6% from 2019 to 2027.

The increasing deployment of Internet of Things (IoT) devices worldwide has triggered a sense of data security. The traditional client-server architecture is vulnerable to security breaches due to single-point security intelligence. On the other hand, blockchain distributed ledger technology provides distributed and decentralized security system that is hard to break. Architectural limitations of IoT prevent it from making intelligent security decisions. Therefore blockchain solutions for IoT can open up lucrative opportunities in the field of cyber-security. In addition, businesses that rely on complex and expensive data have shown a preference shift towards blockchain IoT solutions for their data security.

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Market Synopsis

Offering Analysis

Hardware Segment predicted to grow at a Substantial Rate.

Hardware was analyzed as the most opportunistic segment during the forecast period. The lucrative growth of the segment is mainly due to increasing use cases of blockchain IoT in redefining business models and increasing their productivity platforms. Blockchain hardware picks data from the edge of IoT and transfers it to the cloud, which helps drive business values and empower them. However, the software segment is anticipated to hold a substantial share over the forecast period due to increasing investment by major market players.

End-user Analysis

Smart City Segment expected to witness the Fastest Growth during the Forecast Period.

The smart city segment seeks a lucrative opportunity for the blockchain IoT solution in the near future owing to a significant number of ongoing smart city projects in different parts of the world. Some of the top smart city projects operating across the world are Digital Catapult, Sidewalk Labs LinkNYC, Green City Solutions’ CityTree, Telensa Smart Parking, and many others.

Market leaders operating in smart city projects leverage blockchain IoT solutions to overcome the security-breach and privacy-related issues in different smart city solutions. As a result, many IoT solution providers for innovative city projects have joined with blockchain players to provide relevant solutions. For instance, in November 2019, Obyte, a Distributed Ledger Technology (DLT) platform, signed a partnership agreement with Bosch Connectory to explore smart city solutions.

Regional Analysis

North America Acquires Substantial Share in the Global Blockchain IoT Market.

In 2018, North America dominated the global blockchain IoT market and was expected to register considerable growth over the analysis period. Early adoption of blockchain technology for IoT devices across various industry verticals is the prime factor contributing to the region’s significant growth. In addition, the region has a significant presence of market leaders such as Intel Corp., Amazon Inc., The Linux Foundation, R3 LLC, and many others that accounts for another prime factor in its prominent growth.

The U.S. is the major revenue shareholder in the North American region, owing to significant application and use cases in transportation, supply chain logistics, and money transaction applications. For instance, in August 2019, Golden State Foods (GSF), a US-based manufacturer and supplier of food products, announced its partnership agreement with IBM Corp. to optimize its business processing.

Key Players & Competitive Landscape:

Significant Opportunity for the New Entrants to invade the Global Blockchain IoT Market.

The global blockchain IoT market is nascent but still highly competitive owing to several established blockchain players such as IBM Corp., Microsoft Corp., Oracle Corp., and many others. In addition, the market provides lucrative opportunities for new entrants to establish their strong footprint in the global market by accurately leveraging the power of IoT with blockchain.

List of Companies Covered:

  • IBM Corporation
  • Microsoft Corporation
  • Intel Corporation
  • Amazon.com Inc.
  • Cisco Systems Inc.
  • Ethereum Foundation
  • The Linux Foundation
  • R3 LLC
  • Filament
  • KrypC Technologies

Key Industry Development:

  • On July 12, 2019, Oracle Corporation announced the collaboration of Chainlink and IoTeX in its research and development lab to provide realistic data blockchain applications.
  • On July 09, 2019, China Mobile Hong Kong (CMHK) announced to collaboration with the Applied Science and Technology Research Institute (ASTRI) to develop a blockchain-powered IoT solution for smart city development.

Historical & Forecast Period

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment was calculated for the forecast period from 2019 to 2027.

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Report Scope by Segments

The blockchain IoT market research offers market size and forecasts based on market dynamics and predominant trends shaping the industry. The report provides an all-around view of the global blockchain IoT market based on offering, application, end-user, and geography.

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Blockchain IoT Market
2.2. Global B-IoT Market, by Offering, 2018 (US$ Mn)
2.3. Global B-IoT Market, by Application, 2018 (US$ Mn)
2.4. Global B-IoT Market, by End-user, 2018 (US$ Mn)
2.5. Global B-IoT Market, by Geography, 2018 (US$ Mn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global B-IoT Market Value, 2017-2027, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Blockchain IoT (B-IoT) Market, by Offering, 2017-2027 (US$ Mn)
4.1. Overview
4.2. Hardware
4.3. Software
4.4. Infrastructure Provider

5. Global Blockchain IoT (B-IoT) Market, by Application, 2017-2027 (US$ Mn)
5.1. Overview
5.2. Data Security
5.3. Smart Contacts
5.4. Asset Tracking and Management
5.5. Data Communication/Sharing
5.6. Others (real-time workforce tracking, and workforce management)

6. Global Blockchain IoT (B-IoT) Market, by End-user, 2017-2027 (US$ Mn)
6.1. Overview
6.2. Transportation and Logistics
6.3. Energy and Utility
6.4. Manufacturing
6.5. Retail
6.6. Building Management
6.7. Smart City
6.8. Healthcare
6.9. Wearable and Mobile Devices
6.10. Others (food, pharmaceuticals, mining, agriculture, construction, and real estate)

7. North America Blockchain IoT (B-IoT) Market Analysis, 2017-2027 (US$ Mn)
7.1. Overview
7.1.1. North America B-IoT Market Value and Growth, 2017-2027, (US$ Mn)
7.2. North America B-IoT Market Value, By Offering, 2017-2027 (US$ Mn)
7.2.1. Hardware
7.2.2. Software
7.2.3. Infrastructure Provider
7.3. North America B-IoT Market Value, By Application, 2017-2027 (US$ Mn)
7.3.1. Data Security
7.3.2. Smart Contacts
7.3.3. Asset Tracking and Management
7.3.4. Data Communication/Sharing
7.3.5. Others (real-time workforce tracking, and workforce management)
7.4. North America B-IoT Market Value, By End-user, 2017-2027 (US$ Mn)
7.4.1. Transportation and Logistics
7.4.2. Energy and Utility
7.4.3. Manufacturing
7.4.4. Retail
7.4.5. Building Management
7.4.6. Smart City
7.4.7. Healthcare
7.4.8. Wearable and Mobile Devices
7.4.9. Others (food, pharmaceuticals, mining, agriculture, construction, and real estate)
7.5. North America B-IoT Market Value, By Country/ Region, 2017-2027 (US$ Mn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America

8. Europe Blockchain IoT (B-IoT) Market Analysis, 2017-2027 (US$ Mn)
8.1. Overview
8.1.1. Europe B-IoT Market Value and Growth, 2017-2027, (US$ Mn)
8.2. Europe B-IoT Market Value, By Offering, 2017-2027 (US$ Mn)
8.2.1. Hardware
8.2.2. Software
8.2.3. Infrastructure Provider
8.3. Europe B-IoT Market Value, By Application, 2017-2027 (US$ Mn)
8.3.1. Data Security
8.3.2. Smart Contacts
8.3.3. Asset Tracking and Management
8.3.4. Data Communication/Sharing
8.3.5. Others (real-time workforce tracking, and workforce management)
8.4. Europe B-IoT Market Value, By End-user, 2017-2027 (US$ Mn)
8.4.1. Transportation and Logistics
8.4.2. Energy and Utility
8.4.3. Manufacturing
8.4.4. Retail
8.4.5. Building Management
8.4.6. Smart City
8.4.7. Healthcare
8.4.8. Wearable and Mobile Devices
8.4.9. Others (food, pharmaceuticals, mining, agriculture, construction, and real estate)
8.5. Europe B-IoT Market Value, By Country/ Region, 2017-2027 (US$ Mn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe

9. Asia Pacific Blockchain IoT (B-IoT) Market Analysis, 2017-2027 (US$ Mn)
9.1. Overview
9.1.1. Asia Pacific B-IoT Market Value and Growth, 2017-2027, (US$ Mn)
9.2. Asia Pacific B-IoT Market Value, By Offering, 2017-2027 (US$ Mn)
9.2.1. Hardware
9.2.2. Software
9.2.3. Infrastructure Provider
9.3. Asia Pacific B-IoT Market Value, By Application, 2017-2027 (US$ Mn)
9.3.1. Data Security
9.3.2. Smart Contacts
9.3.3. Asset Tracking and Management
9.3.4. Data Communication/Sharing
9.3.5. Others (real-time workforce tracking, and workforce management)
9.4. Asia Pacific B-IoT Market Value, By End-user, 2017-2027 (US$ Mn)
9.4.1. Transportation and Logistics
9.4.2. Energy and Utility
9.4.3. Manufacturing
9.4.4. Retail
9.4.5. Building Management
9.4.6. Smart City
9.4.7. Healthcare
9.4.8. Wearable and Mobile Devices
9.4.9. Others (food, pharmaceuticals, mining, agriculture, construction, and real estate)
9.5. Asia Pacific B-IoT Market Value, By Country/ Region, 2017-2027 (US$ Mn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific

10. Rest of the World Blockchain IoT (B-IoT) Market Analysis, 2017-2027 (US$ Mn)
10.1. Overview
10.1.1. Rest of the World B-IoT Market Value and Growth, 2017-2027, (US$ Mn)
10.2. Rest of the World B-IoT Market Value, By Offering, 2017-2027 (US$ Mn)
10.2.1. Hardware
10.2.2. Software
10.2.3. Infrastructure Provider
10.3. Rest of the World B-IoT Market Value, By Application, 2017-2027 (US$ Mn)
10.3.1. Data Security
10.3.2. Smart Contacts
10.3.3. Asset Tracking and Management
10.3.4. Data Communication/Sharing
10.3.5. Others (real-time workforce tracking, and workforce management)
10.4. Rest of the World B-IoT Market Value, By End-user, 2017-2027 (US$ Mn)
10.4.1. Transportation and Logistics
10.4.2. Energy and Utility
10.4.3. Manufacturing
10.4.4. Retail
10.4.5. Building Management
10.4.6. Smart City
10.4.7. Healthcare
10.4.8. Wearable and Mobile Devices
10.4.9. Others (food, pharmaceuticals, mining, agriculture, construction, and real estate)
10.5. Rest of the World Blockchain IoT Market Value, By Region, 2017-2027 (US$ Mn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America

11. Company Profiles
11.1. IBM Corporation
11.2. Microsoft Corporation
11.3. Intel Corporation
11.4. Amazon.com Inc.
11.5. Cisco Systems Inc.
11.6. Ethereum Foundation
11.7. The Linux Foundation
11.8. R3 LLC
11.9. Filament
11.10. KrypC Technologies

 

List of Figures

FIG. 1 Global Blockchain IoT (B-IoT) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global B-IoT Market Segmentation
FIG. 4 Global B-IoT Market, by Offering, 2018 (US$ Mn)
FIG. 5 Global B-IoT Market, by Application, 2018 (US$ Mn)
FIG. 6 Global B-IoT Market, by End-user, 2018 (US$ Mn)
FIG. 7 Global B-IoT Market, by Geography, 2018 (US$ Mn)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Global Market Positioning of Key B-IoT Market Players, 2018
FIG. 10 Global B-IoT Market Value Share, by Offering, 2018 & 2027 (Value %)
FIG. 11 Global B-IoT Market for Hardware, 2017–2027 (US$ Mn)
FIG. 12 Global B-IoT Market for Software, 2017–2027 (US$ Mn)
FIG. 13 Global B-IoT Market for Infrastructure Provider, 2017–2027 (US$ Mn)
FIG. 14 Global B-IoT Market Value Share, by Application, 2018 & 2027 (Value %)
FIG. 15 Global B-IoT Market for Data Security, 2017–2027 (US$ Mn)
FIG. 16 Global B-IoT Market for Smart Contacts, 2017–2027 (US$ Mn)
FIG. 17 Global B-IoT Market for Asset Tracking and Management, 2017–2027 (US$ Mn)
FIG. 18 Global B-IoT Market for Data Communication/Sharing, 2017–2027 (US$ Mn)
FIG. 19 Global B-IoT Market for Others, 2017–2027 (US$ Mn)
FIG. 20 Global B-IoT Market Value Share, by End-user, 2018 & 2027 (Value %)
FIG. 21 Global B-IoT Market for Transportation and Logistics, 2017–2027 (US$ Mn)
FIG. 22 Global B-IoT Market for Energy and Utility, 2017–2027 (US$ Mn)
FIG. 23 Global B-IoT Market for Manufacturing, 2017–2027 (US$ Mn)
FIG. 24 Global B-IoT Market for Retail, 2017–2027 (US$ Mn)
FIG. 25 Global B-IoT Market for Building Management, 2017–2027 (US$ Mn)
FIG. 26 Global B-IoT Market for Smart City, 2017–2027 (US$ Mn)
FIG. 27 Global B-IoT Market for Healthcare, 2017–2027 (US$ Mn)
FIG. 28 Global B-IoT Market for Wearable and Mobile Devices, 2017–2027 (US$ Mn)
FIG. 29 Global B-IoT Market for Others, 2017–2027 (US$ Mn)
FIG. 30 North America B-IoT Market, 2017–2027 (US$ Mn)
FIG. 31 Europe B-IoT Market, 2017–2027 (US$ Mn)
FIG. 32 Asia Pacific B-IoT Market, 2017–2027 (US$ Mn)
FIG. 33 RoW B-IoT Market, 2017–2027 (US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global Blockchain IoT (B-IoT) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global B-IoT Market, by Offering, 2017–2027 (US$ Mn)
TABLE 5 Global B-IoT Market, by Application, 2017–2027 (US$ Mn)
TABLE 6 Global B-IoT Market, by End-user, 2017–2027 (US$ Mn)
TABLE 7 Global B-IoT Market, by Geography, 2017–2027 (US$ Mn)
TABLE 8 North America B-IoT Market, by Offering, 2017–2027 (US$ Mn)
TABLE 9 North America B-IoT Market, by Application, 2017–2027 (US$ Mn)
TABLE 10 North America B-IoT Market, by End-user, 2017–2027 (US$ Mn)
TABLE 11 North America B-IoT Market, by Country/ Region, 2017–2027 (US$ Mn)
TABLE 12 Europe B-IoT Market, by Offering, 2017–2027 (US$ Mn)
TABLE 13 Europe B-IoT Market, by Application, 2017–2027 (US$ Mn)
TABLE 14 Europe B-IoT Market, by End-user, 2017–2027 (US$ Mn)
TABLE 15 Europe B-IoT Market, by Country/ Region, 2017–2027 (US$ Mn)
TABLE 16 Asia Pacific B-IoT Market, by Offering, 2017–2027 (US$ Mn)
TABLE 17 Asia Pacific B-IoT Market, by Application, 2017–2027 (US$ Mn)
TABLE 18 Asia Pacific B-IoT Market, by End-user, 2017–2027 (US$ Mn)
TABLE 19 Asia Pacific B-IoT Market, by Country/ Region, 2017–2027 (US$ Mn)
TABLE 20 Rest of the World B-IoT Market, by Offering, 2017–2027 (US$ Mn)
TABLE 21 Rest of the World B-IoT Market, by Application, 2017–2027 (US$ Mn)
TABLE 22 Rest of the World B-IoT Market, by End-user, 2017–2027 (US$ Mn)
TABLE 23 Rest of the World B-IoT Market, by Region, 2017–2027 (US$ Mn)
TABLE 24 IBM Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 Microsoft Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 Intel Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 Amazon.com Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 Cisco Systems Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29 Ethereum Foundation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 30 The Linux Foundation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 31 R3 LLC: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 32 Filament: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 33 KrypC Technologies: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

Frequently Asked Questions

What is the size of Blockchain IoT Market?

The market for Blockchain IoT is expected to reach US$ 9,070.4 Mn in 2028.

What is the Blockchain IoT Market CAGR?

The Blockchain IoT market is expected to see significant CAGR growth over the coming years, at 60.6%.

What is the Forecast period considered for Blockchain IoT Market?

The report is forcasted from 2019-2027.

What is the base year considered for Blockchain IoT Market?

The base year of this report is 2018.

Who are the major players in this market?

IBM Corporation, Microsoft Corporation, Intel Corporation, Amazon.com Inc., Cisco Systems Inc., Ethereum Foundation, The Linux Foundation, R3 LLC, Filament are some of the major players in the global market.

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