Key Internet Of Things (IoT) And Blockchain Market Trend for 2025-2034: Streamlining Global IoT Operations Through Cross-Border Connectivity Platforms

What Is the Future Outlook for the Internet Of Things (IoT) And Blockchain Market's Size and Growth Rate?
The market of the Internet of Things (IoT) and blockchain has seen explosive growth in the past few years. The market, valued at $1284.32 billion in 2024, is projected to reach $1910.67 billion in 2025, reflecting a compound annual growth rate (CAGR) of 48.8%. The historic surge can be traced back to a rise in government initiatives, growing demand for affordable and secure ways of data and transaction management, an uptick in investments for IoT and blockchain-based solutions, increasing needs for IoT security, and amplified mobility and connectivity.

The industry involving both the Internet of Things (IoT) and blockchain is poised for significant expansion in the coming years. The projected growth is anticipated to reach the $9276.56 billion mark by the year 2029, with a compound annual growth rate (CAGR) of 48.4%. Factors contributing to the increased forecast include the uptake of cloud computing, the appeal for automated and intelligent solutions, the need for immediate data analysis, and an enhanced focus on data security and defense. Market predictions for this time frame highlight technological innovation, edge computing, the melding of AI and machine learning, integration with blockchain, hybrid cloud strategies, and automated contracts.

What Are the Main Catalysts for Growth in the Internet Of Things (IoT) And Blockchain Market?
The upward trend of cloud computing usage is predicted to stimulate the expansion of the Internet of Things (IoT) and blockchain market. The term cloud computing equates to the provision of computing services such as servers, storage, databases, network, software, and analytics via the internet on a demand basis. There's a surge in the adoption of cloud computing given its high scalability and flexibility, cost-effectiveness, and data management prowess. It offers the perfect storage capacity and processing power needed by IoT data and blockchain systems, guaranteeing efficient storage and control of large data volumes. Further, cloud platforms grant uninterrupted connectivity through APIs (application programming interfaces) and middleware, engendering expandable ecosystems for IoT and blockchain unity. For example, as per the Statistical Office of the European Union's data in December 2023, 45.2% of EU enterprises utilized cloud computing services. This reflects a 4.2 percentage points hike from the year 2021. Thus, the escalating use of cloud computing is fuelling the expansion of the Internet of Things (IoT) and blockchain market.

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Which Key Market Leaders Are Driving Internet Of Things (IoT) And Blockchain Industry Growth?
Major companies operating in the internet of things (IoT) and blockchain market are Amazon.com Inc., Google LLC, Microsoft Corporation, Verizon Communications Inc., AT&T Inc., Dell Inc., Huawei Technologies Co. Ltd., Siemens AG, Intel Corporation, accenture* plc, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Mitsubishi Electric Corporation, Honeywell International Inc., SAP SE, Fujitsu, The Hewlett Packard Enterprise Company, Ericsson, NEC Corporation, Cognizant, Infosys Limited, HCL Technologies Limited, Wipro Limited, KrypC Technologies

What Are the Emerging Trends in the Internet Of Things (IoT) And Blockchain Industry?
Leading firms in the Internet of Things (IoT) and blockchain sector are focusing on enhancing innovative technologies such as cross-border IoT connectivity platforms, as a strategy to boost global connectivity of IoT devices and increase their market revenue. The cross-border IoT connectivity platform enables businesses to deploy and manage IoT devices effortlessly across international boundaries. This platform utilizes technologies like embedded SIM (eSIM), along with strategic partnerships with mobile network operators (MNOs). For example, in July 2023, the American telecommunications corporation, Verizon Business, introduced its Global IoT Orchestration platform. This is a cross-border IoT connectivity platform that aids businesses in deploying and managing devices internationally. It integrates with Verizon's ThingSpace IoT management platform, providing businesses the ability to manage global IoT deployment from a central location through a streamlined API interface. The platform's purpose is to simplify intricate global IoT operations by removing the necessity for multi-carrier contract discussions and simplifying areas such as procurement, legal affairs, security issues, privacy concerns, and regulatory compliance. The platform eases cellular connectivity for products connected in the US and abroad via eSIM localization.

What Are the Main Segments in the Internet Of Things (IoT) And Blockchain Market?
The internet of things (IoT) and blockchain market covered in this report is segmented -

1) By Type: Hardware, Software
2) By Deployment Model: Cloud, On-Premise
3) By Application: Smart Contract, Data Security, Data Sharing Or Communication, Asset Tracking And Management
4) By End-User: Retail, Healthcare, Manufacturing, Banking, Financial Services, And Insurance (BFSI)

Subsegments:
1) By Hardware: IoT Sensors And Devices, IoT Gateways And Connectivity Modules, Edge Devices, Blockchain-enabled Hardware, Smart Devices (Smart Home Devices, Wearables)
2) By Software: IoT Platform Software, Blockchain Platforms, IoT Data Management Software, Blockchain Smart Contract Software, Security And Privacy Solutions For IoT And Blockchain, Distributed Ledger Technology (DLT) Software

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Which Geographic Area Leads the Internet Of Things (IoT) And Blockchain Market?
North America was the largest region in the Internet of Things (IoT) and blockchain market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the internet of things (IoT) and blockchain market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Internet Of Things (IoT) And Blockchain Global Market Report?

- Market Size Analysis: Analyze the Internet Of Things (IoT) And Blockchain Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Internet Of Things (IoT) And Blockchain Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Internet Of Things (IoT) And Blockchain Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Internet Of Things (IoT) And Blockchain Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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