Adoption Of Cloud Computing Fueling The IoT And Blockchain Market Expansion: A Significant Driver Propelling The Internet Of Things (IoT) And Blockchain Market In 2025

The Internet Of Things (IoT) And Blockchain Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Internet Of Things (IoT) And Blockchain Market Size and Projected Growth Rate?
The Internet of Things (IoT) and blockchain market will experience a dramatic rise, from $1284.32 billion in 2024 to $1910.67 billion in 2025, with a CAGR of 48.8%. The rapid growth is due to increased government initiatives, demand for secure and cost-effective data and transaction management, rising investments in IoT and blockchain solutions, and growing security needs.

The Internet of Things (IoT) and blockchain market is set to experience explosive growth, projected to reach $9276.56 billion by 2029 at a CAGR of 48.4%. Growth is driven by the growing adoption of cloud computing, the rising demand for automation and smart solutions, increasing demand for real-time data analysis, and the growing focus on data security. Key trends include technological advancements, edge computing, AI and machine learning integration, blockchain, hybrid cloud solutions, and smart contracts.

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What Are the Major 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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What Are The Driving Internet Of Things (IoT) And Blockchain Market Evolution?
The rising adoption of cloud-based technologies is expected to bolster the Internet of Things (IoT) and blockchain market. Cloud computing enables businesses to access scalable computing resources and services on-demand, such as storage, networking, and software. It supports the integration of IoT and blockchain by offering the necessary infrastructure for data management and real-time connectivity through APIs. As per data from the Statistical Office of the European Union (December 2023), 45.2% of EU enterprises reported purchasing cloud computing services-a 4.2% increase from 2021. Therefore, the rise in cloud technology use is accelerating the Internet of Things (IoT) and blockchain market.

Which Firms Dominate The Internet Of Things (IoT) And Blockchain Market Segments?
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, 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 Trends Are Driving Growth in The Internet Of Things (IoT) And Blockchain Market?
Top players in the Internet of Things (IoT) and blockchain market are dedicating themselves to the development of advanced technologies such as cross-border IoT connectivity platforms in order to achieve global connectivity for IoT devices and boost their market revenues. Cross-border IoT connectivity platforms enable businesses to readily deploy and manage IoT devices across international boundaries. Implementing this platform involves the use of technology such as eSIM (embedded SIM) and strategic collaborations with mobile network operators (MNOs). For instance, in July 2023, US-based telecom company, Verizon Business, unveiled its Global IoT Orchestration platform. This cross-border IoT connectivity platform enables businesses to execute and centrally manage devices across international borders. It integrates with Verizon's ThingSpace IoT management platform, allowing companies to oversee their worldwide IoT deployments from a single viewpoint through an efficient API interface. The platform's goal is to simplify the complexities of global IoT operations by removing the need for negotiations over multi-carrier contracts and facilitating procurement, legal, security, privacy, and regulatory compliance procedures. With the use of this platform, cellular connectivity for connected products across the US and abroad is made simpler with eSIM localization.

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Which Is The Largest Region 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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Internet Of Things (IoT) And Blockchain Market?
2. What is the CAGR expected in the Internet Of Things (IoT) And Blockchain Market?
3. What Are the Key Innovations Transforming the Internet Of Things (IoT) And Blockchain Industry?
4. Which Region Is Leading the Internet Of Things (IoT) And Blockchain Market?

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