Press release
How Covid-19 impact on the Global Blockchain IoT Market and world economy with its Recent Developments in the industry
Blockchain IoT Market
Product launches and acquirements are some of the key strategies opted by the industry leaders to preserve their position in the global or regional markets. According to a report by Research Dive , the major market players of blockchain in IoT include Microsoft Corporation, KrypC, Amazon.com Inc., IBM Corporation, Intel Corporation, Cisco Systems, R3, The Linux Foundation, Filament, and Ethereum Foundation. These key players' focus is primarily on mergers and acquisitions, new product launches, the advancements in current technology, and geographical expansion. Some of the growth strategies utilized by these companies are enlisted below:
o In October 2019, Microsoft launched Corda Enterprise. This blockchain service provides users with flexibility and choice in the usage of blockchain.
o Infosys has announced launch of blockchain-powered distributed applications for insurance and supply chain management and government services domains in December 2019. These applications can be impeccably integrated with the existing systems and IoT devices. Moreover, this product will enhance the product portfolio as well as impact on the market size of the company.
o A latest report reveals that JP Morgan, the business giant is going to facilitate a merger of its in-house blockchain unit named Quorum with software developer ConsenSys based on Ethereum. The deal is presently going through negotiation process and is expected to be confirmed by the end of Q3 2020.
Check out How Smart Cities segment is predicted to be most lucrative till the end of 2026 @ https://www.researchdive.com/purchase-enquiry/45
Internet-of-Things (IoT) is booming. The world is changing by the revolutionizing innovations of technology. IoT is an advanced technology that connects all the devices over the Internet while blockchain is a type of distributed ledger technology. Collectively they form a secure analytical environment. It offers umpteen number of opportunities for industries to process smarter operations. While, on the other hand, Blockchain provides a scalable and decentralized system to IoT tools, applications, and platforms. Major benefits of utilizing blockchain for IoT are the least risks of collusion and tampering, reduced settlement and cost for transactions.
2 Blockchain IoT Market Segmentation by Offering
o Hardware
o Software
o Service
3 Drivers changing the Scenario of growth
Blockchain in IoT is impacting multiple industries. The rising adaptation of the blockchain in IoT in various industrial sectors has opened up a newer avenue for the blockchain in IoT market.
Click to know How hardware segment is predicted to be most lucrative till the end of 2026 @ https://www.researchdive.com/download-sample/45
4 Logistics Industry
The current supply chain and logistics industry is facing challenges because of lack of transparency. The combination of Blockchain and IoT can provide great results by enhancing the traceability and reliability of the network.
5 Automotive Industry
IoT enabled vehicles with the decentralized network are more convenient for the multiple users as it allows them to exchange information in an easier and quicker way.
6 Blockchain IoT Market Segmentation by Application
o Smart Contracts
o Data Security
o Data Sharing
o Asset Tracking and Management
7 Smart Homes
The exchanging information generated by IoT devices can't guarantee the security standards and ownership of data in the traditional centralized approach. With the help of the combined solution of Blockchain and IoT, the owners of smart homes can manage the security system of his home from the smartphone.
8 Blockchain IoT Market Segmentation by End-use
o Energy & Utility
o Transportation & Logistics
o Manufacturing
o Building Management
o Healthcare
o Retail
o Wearable and mobile Devices
o Combined Mode
o Volume Mode Combination
o Others
Check out How Asia-Pacific region will have enormous opportunities for the market investors to grow over the coming years @ https://www.researchdive.com/connect-to-analyst/45
9 Pharmaceutical industry
The pharmaceutical sector has been witnessing the increasing incidents related to counterfeit medicines. Use of Blockchain IoT has enabled the pharmacy industry to counter this issue.
10 Food industry
Blockchain with IoT can redesign the food production industry. It can help the industry elevate throughout the journey starting from the farm to home. The food supply chain can be enhanced to a greater extent by installing IoT sensors in the farms and transferring its data to the blockchain straightway.
Get Access to Full Report (TOC, Figures, Chart, etc.) @ https://www.researchdive.com/45/blockchain-iot-market
11 Key Players in the Market
o KrypC,
o Microsoft Corporation
o Amazon.com
o Intel Corporation
o IBM Corporation
o Cisco Systems
o The Linux Foundation
o R3
o Filament
o Ethereum Foundation
12 Other factors
The growing necessity for IoT security and streamlining the business process across the world in order to improve work efficiency is another key factor that will upsurge the market growth in the near future.
The major growth prospects for the blockchain IoT market comprises of swift growth in the adoption of blockchain services for digital identity, rising government initiatives, and smart contracts.
Contact us:
Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York
NY 10005 (P)
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E-mail: support@researchdive.com
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Twitter: https://twitter.com/ResearchDive
Facebook: https://www.facebook.com/Research-Dive-1385542314927521
Blog: https://www.researchdive.com/blog
About Us:
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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