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Blockchain IoT Market Competitive Analysis :IBM Corporation, Microsoft, Intel Corporation,, Inc., Cisco Systems, Ethereum Foundation, The Linux Foundation, Filament, Factom,

12-23-2019 07:20 AM CET | IT, New Media & Software

Press release from: Research for Markets

Blockchain IoT Market Competitive Analysis

Blockchain IoT Market Competitive Analysis

Blockchain IoT market is expected to rise by registering a healthy CAGR of 92.10% reaching 77.39 billion in the forecast period of 2020-2029. The major growth factor attributing to blockchain IoT market is growing adoption of IoT technology in most of the industries.

Blockchain IoT market competitive landscape provides details by competitors. Details included are company overview which includes Company focus, business segment, product categories, revenue generated and global presence. Blockchain IoT market report also provides information on recent financials and R&D expenditures over the years from 2020 to 2029.

Few of the major competitors currently working in global blockchain IoT market are IBM Corporation, Microsoft, Intel Corporation,, Inc., Cisco Systems, Ethereum Foundation, The Linux Foundation, Filament, Factom, Waltonchain and Xage Security, Inc.

Blockchain IoT Market Definition:

With blockchain, IoT devices can improve security and ensure transparency of IoT ecosystems. According to IDC, 20% of all IoT implementations will enable 2019 blockchain-based solutions. Blockchain provides a scalable, decentralized environment for IoT devices, platforms, and applications. Banks and financial institutions such as ING, Deutsche Bank and HSBC are undertaking PoC to validate blockchain technology. In addition to financial institutions, a large number of companies have planned to discover the potential of blockchain. On the other hand, the Internet of Things (IoT) opens up countless opportunities for companies to perform smart operations. All devices around us are now equipped with sensors and cloud. Therefore, the combination of these two technologies can make systems efficient.

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Blockchain IoT Market Scope and Market Size

Blockchain IoT market has been segmented on the basis of offering, application and end user.

On the basis of offering, the blockchain IoT market is segmented into hardware, software and infrastructure provider. The software segment is the dominating segment with largest market share in the forecast period.

On the basis of application, the blockchain IoT market is segmented into smart contract, data security, data sharing and asset tracking & management. The Data security segment is the dominating segment with the largest market share in the forecast period.

Based on end user, the blockchain IoT market is segmented into transportation & logistics, energy & utility, manufacturing, building management, healthcare, retail, wearable and mobile devices, smart city and others. Market for smart cities is expected to grow at highest CAGR in the forecast period.

Country Level Analysis of Blockchain IoT Market

On the basis of region, the blockchain IoT market is segmented into North America and South America, Asia Pacific, Europe and Middle East and Africa.

Countries covered under North and South America region are Canada, Mexico, Brazil, Rest of Americas, along with Germany, France, United Kingdom, Italy, Spain, Rest of Europe covered under Europe region and Japan, China, India, Australia, Rest of Asia-Pacific covered under Asia-Pacific region.

North America is expected to grow at the highest growth rate in the forecast period 2020 to 2029 and U.S. is the dominating country with largest market share in this region due to organization in this region rapidly moving towards the blockchain IoT technology.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands impact of sales channels are considered while provided forecast analysis of the country data.

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Blockchain IoT Market Drivers:                                                
• Increasing adoption of IoT is expected to drive the market growth.
• Rising need for IoT security is driving the market growth.
• Simplification of business processes drives the market growth.

Blockchain IoT Market Restraints:

• Uncertain status of regulatory hindering the market growth.
• Higher expectancy with increase in number of nodes hampering the market growth.

Key Developments in the Blockchain IoT Market:

In December 2019, Infosys has announced launch of blockchain-powered distributed applications for government services, insurance and supply chain management domains. These application can be seamlessly integrated with the existing systems and IoT devices. This launch will extend the product portfolio as well as market size of the company.

In October 2019, IBM Corporation has launched a new supply chain service based on its newly acquired Red Hat blockchain technology and open-source tools that enables developers and third-party frameworks to transform existing corporate data networks into a distributed ledger. This launch is expected to improve product portfolio as well as market size of the company.

Competitive Analysis and Blockchain IoT Market Share Analysis:

Global blockchain IoT market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of blockchain IoT market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Key Insights in the report:

Complete and distinct analysis of the market drivers and restraints

Key market players involved in this industry

Detailed analysis of the market segmentation

Competitive analysis of the key players involved


Mr. A Naidu

Research for Markets

Tel: +44 8000-4182-37 (UK)


About Research for Markets:

Research for Markets indulges in detailed and diligent research on different markets, trends and emerging opportunities in the successive direction to cater to your business needs. We have established the pillars of our flourishing institute on the grounds of Credibility and Reliability. RFM delve into the markets across Asia Pacific, North America, South America, Europe, Middle East and Africa.

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