Emerging Trends to Drive Internet Of Things (IoT) And Blockchain Market Growth at 44.1% CAGR Through 2029

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Internet Of Things (IoT) And Blockchain Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market size of the internet of things (IoT) and blockchain has seen significant growth. The forecast is for growth from $1284.32 billion in 2024 to $1899.13 billion in 2025, with a compound annual growth rate (CAGR) of 47.9%. The historic growth trajectory has been driven by factors such as a rise in government initiatives, growing demand for secure and cost-effective data and transaction management solutions, increased investment in IoT and blockchain-enabled solutions, a heightened need for IoT security, and an expansion in mobility and connectivity.

Internet Of Things (IoT) And Blockchain Market Size Forecast: What's the Projected Valuation by 2029?
The market size of the internet of things (IoT) and blockchain is projected to undergo tremendous expansion in the ensuing years. The market is predicted to reach $8193.72 billion by 2029, growing at a compound annual growth rate (CAGR) of 44.1%. The predicted growth during the forecast period is credited to factors such as the escalating adoption of cloud computing, increasing preference for automation and intelligent solutions, a rise in demand for real-time data analysis, and burgeoning concern for data security and safety. Key trends expected during this period include technological enhancement, incorporation of edge computing, integration of AI and machine learning, amalgamation of blockchain, introduction of hybrid cloud solutions, and the application of smart contracts.

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What Are the Drivers Transforming the Internet Of Things (IoT) And Blockchain Market?
The expansion of the Internet of Things (IoT) and blockchain market is projected to be driven by the increasing uptake of cloud computing. This involves the provision of various computing services, including storage, servers, databases, networking, software, and analytics, over the Internet on a demand basis. Cloud computing's appeal stems from its scalability and flexibility, cost-effectiveness, and data management attributes. It offers the perfect environment for storing and processing IoT data and blockchain systems, enabling management of extensive data volumes efficiently. Cloud platforms additionally provide smooth connectivity through APIs (application programming interfaces) and middleware, forging adaptable ecosystems for IoT and blockchain integration. As an example, the Statistical Office of the European Union documented that in December 2023, 45.2% of EU businesses procured cloud computing services, showing a rise of 4.2 percentage points from 2021. As such, the rise in cloud computing usage is fueling the expansion of the Internet of Things (IoT) and blockchain market.

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What Long-Term Trends Will Define the Future of the Internet Of Things (IoT) And Blockchain Market?
Major firms engaged in the Internet of Things (IoT) and blockchain market are concentrating on the development of superior technology, including cross-border IoT connectivity platforms, to enhance global connections for IoT devices and boost their market revenues. Businesses may utilize a cross-border IoT connectivity platform to smoothly launch and administer IoT devices across different countries. This service incorporates the use of technologies such as eSIM (embedded SIM) and forms strategic partnerships with mobile network operators (MNOs). For example, in July 2023, Verizon Business, an American telecommunications firm, rolled out its Global IoT Orchestration platform. This cross-border IoT connectivity platform enables businesses to deploy and regulate devices on an international scale. The platform syncs with Verizon's ThingSpace IoT management platform, enabling companies to control their global IoT installations from a single viewpoint via a seamless API interface. The platform aims to simplify complicated global IoT processes by eradicating the need for negotiations with multiple carriers and streamlining the procedures for procurement, law, security, privacy, and regulatory compliance. The platform makes cellular connectivity accessible and simpler for products connected across the US and abroad using eSIM localization.

Which Segments in the Internet Of Things (IoT) And Blockchain Market Offer the Most Profit Potential?
The internet of things (iot) and blockchainmarket 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 Firms Dominate the Internet Of Things (IoT) And Blockchain Market by Market Share and Revenue in 2025?
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

Which Regions Offer the Highest Growth Potential 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.

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