The global blockchain Internet of Things (IoT) market size was USD 0.57 billion in 2022 and is expected to register a rapid revenue CAGR of 43.4% during the forecast period. Rising adoption of IoT devices and solutions and increasing use of IoT solutions built on blockchain with smart contracts and Artificial Intelligence (AI) are key factors driving market revenue growth.

Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

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Key companies operating in the Blockchain IoT market include:

IBM Corporation, Microsoft Corporation, Intel Corporation, Amazon Web Services, Inc., Huawei Technologies Co., Ltd., Cisco Systems, Inc., SAP SE, Ethereum Foundation, The Linux Foundation, R3, ArcTouch, Waltonchain, Helium, Factom, HYPR Corp, Chronicled, KrypC Technologies, IoTeX, Discovery, and IOTA Foundation

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Blockchain IoT market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Key Benefits of the Report:

• Comprehensive analysis of the competitive scenario and its changing dynamics
• Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
• In-depth 8-year analysis of the Global Blockchain IoT Market
• Critical understanding of the key market segments
• Comprehensive analysis of the drivers, restraints, trends, and opportunities
• Detailed regional analysis and extensive company profiling
• Extensive assessment of current and emerging trends of the market

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Blockchain IoT Market Segmentation:

• Component Outlook (Revenue, USD Billion; 2019-2032)

  • Hardware
    • IoT Sensors
      1. Motion Sensors
      2. GPS
      3. Temperature Sensors
      4. Vehicle Information
      5. Connected Devices
    • Crypto Wireless
  • Software and Platform
  • Services
    1. Technology Advisory and Consulting Services
    2. Deployment and Integration Services
    3. Support and Maintenance

• Application Outlook (Revenue, USD Billion; 2019-2032)

  • Data Security
  • Smart Contracts
  • Smart Homes
  • Data Communication
  • Asset Tracking and Management
  • Other Applications

• Organization Size Outlook (Revenue, USD Billion; 2019-2032)

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

Blockchain IoT Market Segmentation by Regions:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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