Blockchain IoT Market Share 2022: Trends, Key Players, Industry Analysis and Forecast 2022-2028

The global blockchain IoT market is anticipated to grow at a considerable CAGR of 49.2% during the forecast period (2022-2028). Companies operating in blockchain IoT would exploit the flexible economic conditions, industrialization-motivated policies, political transformation, and the growing digitalization, which is expected to have a significant impact on the business community and drive the blockchain IoT market. Furthermore, many companies are collaborating to launch blockchain IoT. Some of the collaboration to launch blockchain is listed below.

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• In January 2022, IBM collaborated with Thai Reinsurance Public Company Limited (Thai Re) to launch the Insurer Network, a reinsurance smart contract platform using IBM blockchain technology on IBM Cloud. The IBM blockchain technology built on the highly secured IBM Cloud will approve Thai Re to acquire efficiency and speed in processing reinsurance contracts with a secure single version of truth documentation.
• In December 2021, AWS teamed up with BMW Group to accelerate data alteration in the automotive industry. The BMW Group's PartChain Platform purchases AWS services, such as Amazon Elastic Kubernetes Service (Amazon EKS), in line with the open-source blockchain management tools to detect automotive parts and raw materials all over the automotive supply chain.
• In October 2021, R3 partnered with Mphasis. The motive of this partnership was to evolve a blockchain-based payment and financing solution for global supply chains. R3's blockchain platform, Corda, is used by Mphasis to expand its portfolio of Trade Finance technology solutions.

Market Coverage

• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Hardware
o By Software & Services
o By Application
o By Verticals
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Algorythmix Tech Pvt Ltd., Amazon Web Services, Inc., Ambrosus Network., ArcTouch, Atonomi, LLC, and others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Blockchain IoT Market Report Segment

By Hardware

• IoT Sensors
• Crypto-Wallets

By Software & Services

• Technology Advisory & Consulting Services
• Deployment & Integration Services
• Support & Maintenance

By Application

• Smart Contracts
• Security
• Data Sharing/ Communication
• Asset Tracking & Management

By Verticals

• Energy & Utilities
• Transportation & Logistics
• Manufacturing
• Building Management
• Healthcare
• Others (Retail, Wearable & Mobile Devices)

A full report of Blockchain IoT Market is available at: https://www.omrglobal.com/industry-reports/blockchain-iot-market

Blockchain IoT Market- Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Algorythmix Tech Pvt Ltd.
• Amazon Web Services, Inc.
• Ambrosus Network.
• ArcTouch
• Atonomi, LLC
• Auxesis Services & Technologies (P) Ltd.
• Chronicled
• Huawei Technologies Co., Ltd.
• HYPR Corp
• IBM Corp
• Intel Corp
• IOTA Foundation
• IOTA Foundation

Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

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