Blockchain IoT Market: Post COVID Growth Opportunity Analysis, Key Players | IBM, Microsoft, Intel, Huawei

According to the report, the global blockchain IoT market size is expected to reach $ 5,034.49 Million by 2028 growing at the CAGR of 45.65% from 2021 to 2028. The market is being driven by the growing need for IoT across numerous industries. The Internet of Things (IoT) is required for a wide range of applications. It can be used in smart cities, vehicles, smart homes, and other gadgets. In addition, the widespread use of IoT had resulted in several cyber-attacks and data security issues. Advanced cyber risks are a threat to linked gadgets. In the Internet of Things, a denial-of-service attack, a data leak, and an insecure ecosystem bonnet assault are all typical problems. The IoT network can, however, be decentralized with the help of Blockchain. The market is hampered by a lot of variety integration of Blockchain with IoT is fraught with problems. Higher use of blockchain-based IoT solutions leveraging smart contracts and AI in the Blockchain IoT Market creates opportunity.

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The recently published research report on Global Blockchain IoT Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Blockchain IoT market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal
As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Blockchain IoT market report also includes the following data points:
• COVID19 Impact on Blockchain IoT market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Blockchain IoT market

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Key Players
Some of the major Blockchain IoT players holding high market share include IBM, Microsoft, Intel, Huawei. These players use acquisition and expansion as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• IBM
• Microsoft
• Intel
• Huawei
• Ethereum Foundation
• The Linux Foundation
• Arctouch
• Waltonchain
• Factom
• Chronicled

Segmental Analysis
Market Segment By Application with focus on market share, consumption trend, and growth rate of Blockchain IoT Market:
o Smart Contracts
o Security
o Data sharing
o Others

Market Segment By Component with focus on market share, consumption trend, and growth rate of Blockchain IoT Market:
o Hardware
o Software
o Services

Market Segment By Vertical with a focus on market share, consumption trend, and growth rate of Blockchain IoT Market:
o Energy and Utilities
o Transportation and logistics
o Manufacturing
o Others

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Global Blockchain IoT Geographic Coverage:
• North America
o US
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific

• Rest of the World
o South America
o Middle East & Africa

The Asia Pacific blockchain IoT market is expected to rise rapidly. The rapid rise of the manufacturing and infrastructure sectors in several developing countries such as China, India, and South Korea is responsible for the region's tremendous growth. Furthermore, the Asia Pacific market is expected to rise due to raising public awareness and increased use of IoT in various sectors such as retail, healthcare, and smart cities in the area.

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