Internet Of Things (IoT) And Blockchain Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share

What market dynamics are playing a key role in accelerating the growth of the internet of things (iot) and blockchain market?
The growing adoption of cloud computing is expected to fuel the growth of the Internet of Things (IoT) and blockchain market. Cloud computing, which involves delivering computing services like storage, databases, and networking via the internet, is gaining traction because of its flexibility, scalability, cost-efficiency, and data management capabilities. It is particularly important for IoT and blockchain, providing the necessary storage and processing power for these technologies. For instance, in December 2023, the European Union's Statistical Office reported that 45.2% of EU enterprises purchased cloud computing services, an increase of 4.2 percentage points from 2021. Consequently, the growing adoption of cloud computing is propelling the IoT and blockchain market.

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How will the growth rate of the internet of things (iot) and blockchain market shape industry trends by 2034?
The Internet of Things (IoT) and blockchain market will surge from $1284.32 billion in 2024 to $1910.67 billion in 2025 at a CAGR of 48.8%, supported by government initiatives, data security needs, and increased IoT investments.

The IoT and blockchain market is expected to surge to $9276.56 billion by 2029 at a CAGR of 48.4%, fueled by automation, real-time data needs, and security demands. Trends include AI integration, edge computing, hybrid cloud, and smart contracts.

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What trends are poised to drive the future success of the internet of things (iot) and blockchain market?
Prominent companies in the Internet of Things (IoT) and blockchain market are advancing technologies like cross-border IoT connectivity platforms to provide global IoT device connectivity and boost their market revenues. Cross-border IoT connectivity platforms enable businesses to deploy and manage IoT devices across borders. For example, in July 2023, Verizon Business, a US-based telecommunications firm, launched the Global IoT Orchestration platform. This platform integrates with Verizon's ThingSpace IoT management platform, offering enterprises a centralized system to manage global IoT operations, streamline procurement, and ensure compliance.

Which primary segments of the internet of things (iot) and blockchain market are driving growth and industry transformations?
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 geographical regions are pioneering growth in 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.

Who are the influential players reshaping the internet of things (iot) and blockchain market landscape?
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

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

•Market Size Forecast: Examine the internet of things (iot) and blockchain market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the internet of things (iot) and blockchain market for a structured understanding.
•Key Players Overview: Analyze major players in the internet of things (iot) and blockchain market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the internet of things (iot) and blockchain market.
•Segment Contributions: Evaluate how different segments drive overall growth in the internet of things (iot) and blockchain market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the internet of things (iot) and blockchain market.
•Industry Challenges: Identify potential risks and obstacles affecting the internet of things (iot) and blockchain market.
•Competitive Landscape: Review strategic developments in the internet of things (iot) and blockchain market, including expansions, agreements, and new product launches.

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