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Blockchain IoT Market, By Offerings

RA00045

Blockchain IoT Market, By Offerings (Hardware, Software, Services), By Application (Smart Contracts, Data Security, Data Sharing, Asset Tracking & Management), By End-use (Energy & Utility, Transportation & Logistics, Manufacturing, Building Management, Healthcare, Retail, Wearable & Mobile Devices, Smart Cities): Global Opportunity Analysis and Industry Forecast, 2019–2026

RA00045

Pages: 270

Feb 2020

Global Blockchain IoT Market Insight and Outlook 2026

Global Blockchain IoT market size will reach $5,802.7 million by 2026, rising from $ 32.0 million in 2018, at a CAGR of 91.5%. Asia-Pacific Blockchain in IoT market is anticipated to grow rapidly during the projected period, and is anticipated to reach $1459.8 million by the end of 2026, at a growth rate of 94.8%. This is majorly due to the rapid growth taking place in infrastructure and manufacturing sectors in various developing countries such as India, China and South Korea. The North America blockchain in IoT market dominated the global blockchain IoT market in 2018. This region will witness market growth 90.1% and is anticipated to reach $1,746.5 million by 2026.

IoT is an advanced technology that connects all the devices over the Internet while blockchain is a type of distributed ledger technology. Collectively they form a secure analytical environment. Major benefits of utilizing blockchain for IoT are the least risks of collusion and tampering, reduced settlement and cost for transactions.

Blockchain in IoT Market Drivers:

Blockchain IoT market is estimated to grow at a higher pace over the projected period, this is majorly due to the key factors such as raise in the implementation of IoT by various end-use industries. The growing necessity for IoT security and streamlining the business process across the world in order to improve work efficiency is another key factor that will upsurge the market growth in the near future. Additionally, the major growth prospects for the blockchain IoT market comprises of swift growth in the adoption of blockchain services for digital identity, rising government initiatives, and smart contracts. 

In spite of the wide range of advantages, major factors affecting the market growth are the lack of awareness and acceptance of blockchain technology. Higher latency with a rise in the number of nodes and uncertain regulatory status possess the major challenges for market growth. 

Blockchain in IoT Market, by Offerings

The hardware segment is predicted to be most lucrative till the end of 2026

Blockchain in IoT Market, by Offerings
Source: Research Dive Analysis

The software segment in the blockchain IoT market was accounted for $15.4 million in the year 2018 and is expected to grow at a CAGR of 91.1% over the forecast period. However, hardware sub-segment is expected to register the highest growth rate over the forecast period growing at a CAGR of 93.6%. This is majorly due to the task performed by the hardware in the IoT systems, such as fetching the data from the source location and deliver it to the cloud systems where the required tasks are being performed. 

Blockchain IoT Market, by Application

Smart Contracts segment is predicted to be most lucrative till the end of 2026

Blockchain IoT Market, by Application
Source: Research Dive Analysis

The blockchain IoT is widely used for asset tracking and management in the application segment and accounted for the largest market value in the year 2018 for $8.3 million. Asset tracking and management plays a vital role in managing and tracking physical assets and also examining the performance of machinery on the manufacturing floor. Safety of physical assets for instance machinery, fleet and plants are the most important factors in the manufacturing sectors. The data security is further anticipated to grow at a higher CAGR of 93.4% over the forecast period, accounting for $1,377.9 million.  

Blockchain IoT Market, by Mode of End-use

Smart Cities segment is predicted to be most lucrative till the end of 2026

Blockchain IoT Market, by Mode of End-use	 
Source: Research Dive Analysis

The energy and utility end-use segment held the largest market value in the year 2018, by accounting for $5.1 million. However, the smart cities' end-use segment is further expected to drive the market growth over the forecast period accounting for $639.4 million growing at a CAGR of 39.9% over the forecast period. Smart cities are adopting blockchain widely due to various advantages such as smart connectivity, which helps in tracking the data, provides undisruptive transactions and decreases the security breaches. The growing implementation of IoT in smart cities is expected to drive the blockchain IoT market in the near future.

Regional Growth of Blockchain IoTs Market:

Asia-Pacific region will have enormous opportunities for the market investors to grow over the coming years 

Regional Growth of Blockchain IoTs Market

North America blockchain in IoT market accounted for the largest market share in the year 2018. Whereas the Asia-Pacific market is expected to experience a swift growth over the forecast period, majorly due to the growing awareness among the people and increases in the adoption of IoT in various sectors such as healthcare, retail, and smart cities among others in the countries such as China and India. 

Key participants in the Global Blockchain IoT Market:

Product development and joint ventures are the most common strategies followed by the market players

Key participants in the Global Blockchain IoT Market


Source: Research Dive Analysis

Blockchain in IoT market players include KrypC, Microsoft Corporation, Amazon.com, Inc., Intel Corporation, IBM Corporation, Cisco Systems, The Linux Foundation, R3, Filament, and Ethereum Foundation. These key players are majorly concentrating growth advancements in current technology, new product launches, mergers and acquisitions, and geographical expansion. These are some of the growth strategies adopted by these companies.

In October 2019, Microsoft launched Corda Enterprise, this blockchain service provides users with flexibility and choice in the usage of blockchain. 

Aspect

Particulars

  Historical Market Estimations

  2016-2018

  Base Year for Market Estimation

  2018

  Forecast timeline for Market Projection

  2019-2026

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Offering

  • Hardware
  • Software
  • Service

  Segmentation by Application

  • Smart Contracts
  • Data Security
  • Data Sharing
  • Asset Tracking and Management

  Segmentation by End-use

  • Energy & Utility
  • Transportation & Logistics
  • Manufacturing
  • Building Management
  • Healthcare
  • Retail
  • Wearable and mobile Devices
  • Combined Mode
  • Volume Mode Combination
  • Others

  Key Countries covered

U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia

  Key Companies Profiled

  1. KrypC,
  2. Microsoft Corporation
  3. Amazon.com
  4. Intel Corporation
  5. IBM Corporation
  6. Cisco Systems
  7. The Linux Foundation
  8. R3
  9. Filament
  10. Ethereum Foundation

 


FREQUENTLY ASKED QUESTIONS?
 

A. The global Blockchain IoT Market size was over $32 million in 2018, and is further anticipated to reach $5,802.7 million by 2026.

A. Microsoft Corporation, Inc. Amazon.Com and IBM Corporation are some of the key players in the global Blockchain IoT market.

A. The Asia Pacific possesses great investment opportunities for the investors to witness the most promising growth in the coming years.

A. Asia Pacific Blockchain IoT Market is projected to grow at 7.0% CAGR during the forecast period.

A. Product development and joint ventures are the key strategies opted by the operating companies in this market.

A. IBM Corporation and Microsoft Corporation investing more in R&D activities for developing new products and technologies.

1. Research Methodology

1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters

1.4.1. Assumptions
1.4.2. Forecast parameters

1.5. Data sources

1.5.1. Primary
1.5.2. Secondary

2. Executive Summary

2.1. 360° summary
2.2. Offerings Type trends
2.3. Application trends
2.4. End-use trends

3. Market Overview

3.1. Market segmentation & definitions
3.2. key takeaways

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. Porter’s five forces analysis

3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market

3.4. Market dynamics

3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities

3.5. Application landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Market value chain analysis
3.9. Strategic overview

4. Blockchain IoT Market, by Offerings Type

4.1. Hardware

4.1.1. Market size and forecast, by region, 2016-2026
4.1.2. Comparative market share analysis, 2018 & 2026

4.2. Software

4.2.1. Market size and forecast, by region, 2016-2026
4.2.2. Comparative market share analysis, 2018 & 2026

4.3. Services

4.3.1. Market size and forecast, by region, 2016-2026
4.3.2. Comparative market share analysis, 2018 & 2026

5. Blockchain IoT Market, by Application

5.1. Smart Contracts

5.1.1. Market size and forecast, by region, 2016-2026
5.1.2. Comparative market share analysis, 2018 & 2026

5.2. Data Security

5.2.1. Market size and forecast, by region, 2016-2026
5.2.2. Comparative market share analysis, 2018 & 2026

5.3. Data Sharing

5.3.1. Market size and forecast, by region, 2016-2026
5.3.2. Comparative market share analysis, 2018 & 2026

5.4. Asset Tracking and Management

5.4.1. Market size and forecast, by region, 2016-2026
5.4.2. Comparative market share analysis, 2018 & 2026 

5.5. Others

5.5.1. Market size and forecast, by region, 2016-2026
5.5.2. Comparative market share analysis, 2018 & 2026 

6. Blockchain IoT Market, by End-use

6.1. Energy & Utility

6.1.1. Market size and forecast, by region, 2016-2026
6.1.2. Comparative market share analysis, 2018 & 2026

6.2. Transportation & Logistics

6.2.1. Market size and forecast, by region, 2016-2026
6.2.2. Comparative market share analysis, 2018 & 2026

6.3. Manufacturing

6.3.1. Market size and forecast, by region, 2016-2026
6.3.2. Comparative market share analysis, 2018 & 2026

6.4. Building Management

6.4.1. Market size and forecast, by region, 2016-2026
6.4.2. Comparative market share analysis, 2018 & 2026 

6.5. Healthcare

6.5.1. Market size and forecast, by region, 2016-2026
6.5.2. Comparative market share analysis, 2018 & 2026 

6.6. Retail

6.6.1. Market size and forecast, by region, 2016-2026
6.6.2. Comparative market share analysis, 2018 & 2026 

6.7. Wearable & Mobile Devices

6.7.1. Market size and forecast, by region, 2016-2026
6.7.2. Comparative market share analysis, 2018 & 2026 

6.8. Smart City

6.8.1. Market size and forecast, by region, 2016-2026
6.8.2. Comparative market share analysis, 2018 & 2026 

6.9. Others

6.9.1. Market size and forecast, by region, 2016-2026
6.9.2. Comparative market share analysis, 2018 & 2026 

7. Blockchain IoT Market, by Region

7.1. North America

7.1.1. Market size and forecast, by Offerings, 2016-2026
7.1.2. Market size and forecast, by Application, 2016-2026
7.1.3. Market size and forecast, by end-use, 2016-2026
7.1.4. Market size and forecast, by country, 2016-2026
7.1.5. Comparative market share analysis, 2018 & 2026
7.1.6. U.S.

7.1.6.1. Market size and forecast, by Offerings, 2016-2026
7.1.6.2. Market size and forecast, by Application, 2016-2026
7.1.6.3. Market size and forecast, by end-use, 2016-2026
7.1.6.4. Comparative market share analysis, 2018 & 2026

7.1.7. Canada

7.1.7.1. Market size and forecast, by Offerings, 2016-2026
7.1.7.2. Market size and forecast, by Application, 2016-2026
7.1.7.3. Market size and forecast, by end-use, 2016-2026
7.1.7.4. Comparative market share analysis, 2018 & 2026

7.1.8. Mexico

7.1.8.1. Market size and forecast, by Offerings, 2016-2026
7.1.8.2. Market size and forecast, by Application, 2016-2026
7.1.8.3. Market size and forecast, by end-use, 2016-2026
7.1.8.4. Comparative market share analysis, 2018 & 2026

7.2. Europe

7.2.1. Market size and forecast, by Offerings, 2016-2026
7.2.2. Market size and forecast, by Application, 2016-2026
7.2.3. Market size and forecast, by end-use, 2016-2026
7.2.4. Market size and forecast, by country, 2016-2026
7.2.5. Comparative market share analysis, 2018 & 2026

7.2.6. UK

7.2.6.1. Market size and forecast, by Offerings, 2016-2026
7.2.6.2. Market size and forecast, by Application, 2016-2026
7.2.6.3. Market size and forecast, by end-use, 2016-2026
7.2.6.4. Comparative market share analysis, 2018 & 2026

7.2.7. Germany

7.2.7.1. Market size and forecast, by Offerings, 2016-2026
7.2.7.2. Market size and forecast, by Application, 2016-2026
7.2.7.3. Market size and forecast, by end-use, 2016-2026
7.2.7.4. Comparative market share analysis, 2018 & 2026

7.2.8. France

7.2.8.1. Market size and forecast, by Offerings, 2016-2026
7.2.8.2. Market size and forecast, by Application, 2016-2026
7.2.8.3. Market size and forecast, by end-use, 2016-2026
7.2.8.4. Comparative market share analysis, 2018 & 2026

7.2.9. Spain

7.2.9.1. Market size and forecast, by Offerings, 2016-2026
7.2.9.2. Market size and forecast, by Application, 2016-2026
7.2.9.3. Market size and forecast, by end-use, 2016-2026
7.2.9.4. Comparative market share analysis, 2018 & 2026

7.2.10. Italy

7.2.10.1. Market size and forecast, by Offerings, 2016-2026
7.2.10.2. Market size and forecast, by Application, 2016-2026
7.2.10.3. Market size and forecast, by end-use, 2016-2026
7.2.10.4. Comparative market share analysis, 2018 & 2026

7.2.11. Rest of Europe

7.2.11.1. Market size and forecast, by Offerings, 2016-2026
7.2.11.2. Market size and forecast, by Application, 2016-2026
7.2.11.3. Market size and forecast, by end-use, 2016-2026
7.2.11.4. Comparative market share analysis, 2018 & 2026 

7.3. Asia-Pacific

7.3.1. Market size and forecast, by Offerings, 2016-2026
7.3.2. Market size and forecast, by Application, 2016-2026
7.3.3. Market size and forecast, by end-use, 2016-2026
7.3.4. Market size and forecast, by country, 2016-2026
7.3.5. Comparative market share analysis, 2018 & 2026
7.3.6. China

7.3.6.1. Market size and forecast, by Offerings, 2016-2026
7.3.6.2. Market size and forecast, by Application, 2016-2026
7.3.6.3. Market size and forecast, by end-use, 2016-2026
7.3.6.4. Comparative market share analysis, 2018 & 2026

7.3.7. Japan

7.3.7.1. Market size and forecast, by Offerings, 2016-2026
7.3.7.2. Market size and forecast, by Application, 2016-2026
7.3.7.3. Market size and forecast, by end-use, 2016-2026
7.3.7.4. Comparative market share analysis, 2018 & 2026

7.3.8. India

7.3.8.1. Market size and forecast, by Offerings, 2016-2026
7.3.8.2. Market size and forecast, by Application, 2016-2026
7.3.8.3. Market size and forecast, by end-use, 2016-2026
7.3.8.4. Comparative market share analysis, 2018 & 2026

7.3.9. Australia

7.3.9.1. Market size and forecast, by Offerings, 2016-2026
7.3.9.2. Market size and forecast, by Application, 2016-2026
7.3.9.3. Market size and forecast, by end-use, 2016-2026
7.3.9.4. Comparative market share analysis, 2018 & 2026

7.3.10. South Korea

7.3.10.1. Market size and forecast, by Offerings, 2016-2026
7.3.10.2. Market size and forecast, by Application, 2016-2026
7.3.10.3. Market size and forecast, by end-use, 2016-2026
7.3.10.4. Comparative market share analysis, 2018 & 2026

7.3.11. Rest of Asia-Pacific

7.3.11.1. Market size and forecast, by Offerings, 2016-2026
7.3.11.2. Market size and forecast, by Application, 2016-2026
7.3.11.3. Market size and forecast, by end-use, 2016-2026
7.3.11.4. Comparative market share analysis, 2018 & 2026

7.4. LAMEA

7.4.1. Market size and forecast, by Offerings, 2016-2026
7.4.2. Market size and forecast, by Application, 2016-2026
7.4.3. Market size and forecast, by end-use, 2016-2026
7.4.4. Market size and forecast, by country, 2016-2026
7.4.5. Comparative market share analysis, 2018 & 2026
7.4.6. Brazil
7.4.7. Market size and forecast, by Offerings, 2016-2026
7.4.8. Market size and forecast, by Application, 2016-2026
7.4.9. Market size and forecast, by end-use, 2016-2026
7.4.10. Comparative market share analysis, 2018 & 2026
7.4.11. Saudi Arabia

7.4.11.1. Market size and forecast, by Offerings, 2016-2026
7.4.11.2. Market size and forecast, by Application, 2016-2026
7.4.11.3. Market size and forecast, by end-use, 2016-2026
7.4.11.4. Comparative market share analysis, 2018 & 2026

7.4.12. South Africa

7.4.12.1. Market size and forecast, by Offerings, 2016-2026
7.4.12.2. Market size and forecast, by Application, 2016-2026
7.4.12.3. Market size and forecast, by end-use, 2016-2026
7.4.12.4. Comparative market share analysis, 2018 & 2026

7.4.13. Rest of LAMEA

7.4.13.1. Market size and forecast, by Offerings, 2016-2026
7.4.13.2. Market size and forecast, by Application, 2016-2026
7.4.13.3. Market size and forecast, by end-use, 2016-2026
7.4.13.4. Comparative market share analysis, 2018 & 2026

8. Company Profiles

8.1. Microsoft

8.1.1. Business overview
8.1.2. Financial performance
8.1.3. Offerings portfolio
8.1.4. Recent strategic moves & developments
8.1.5. SWOT analysis

8.2. Amazon

8.2.1. Business overview
8.2.2. Financial performance
8.2.3. Offerings portfolio
8.2.4. Recent strategic moves & developments
8.2.5. SWOT analysis

8.3. Ethereum Foundation 

8.3.1. Business overview
8.3.2. Financial performance
8.3.3. Offerings portfolio
8.3.4. Recent strategic moves & developments
8.3.5. SWOT analysis

8.4. R3

8.4.1. Business overview
8.4.2. Financial performance
8.4.3. Offerings portfolio
8.4.4. Recent strategic moves & developments
8.4.5. SWOT analysis

8.5. KrypC

8.5.1. Business overview
8.5.2. Financial performance
8.5.3. Offerings portfolio
8.5.4. Recent strategic moves & developments
8.5.5. SWOT analysis

8.6. Factom

8.6.1. Business overview
8.6.2. Financial performance
8.6.3. Offerings portfolio
8.6.4. Recent strategic moves & developments
8.6.5. SWOT analysis

8.7. IBM

8.7.1. Business overview
8.7.2. Financial performance
8.7.3. Offerings portfolio
8.7.4. Recent strategic moves & developments
8.7.5. SWOT analysis

8.8. Intel

8.8.1. Business overview
8.8.2. Financial performance
8.8.3. Offerings portfolio
8.8.4. Recent strategic moves & developments
8.8.5. SWOT analysis

8.9. Cisco Systems

8.9.1. Business overview
8.9.2. Financial performance
8.9.3. Offerings portfolio
8.9.4. Recent strategic moves & developments
8.9.5. SWOT analysis

8.10. The Linux Foundation

8.10.1. Business overview
8.10.2. Financial performance
8.10.3. Offerings portfolio
8.10.4. Recent strategic moves & developments
8.10.5. SWOT analysis

8.11. Filament

8.11.1. Business overview
8.11.2. Financial performance
8.11.3. Offerings portfolio
8.11.4. Recent strategic moves & developments
8.11.5. SWOT analysis

8.12. IoTEX

8.12.1. Business overview
8.12.2. Financial performance
8.12.3. Offerings portfolio
8.12.4. Recent strategic moves & developments
8.12.5. SWOT analysis

   

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