DUBLIN, Jan. 25, 2023 /PRNewswire/ -- The "Blockchain IoT Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030" report has been added to ResearchAndMarkets.com's offering.
Key Market Insights
Rising Concern for Data Security expected to spur the demand for Blockchain IoT MarketThe global blockchain IoT market value surged from US$ 105.3 Mn in the year 2021 to US$ 25,560.3 Mn in 2030, with a CAGR of 60.6% during the forecast from 2022 to 2030.Increasing deployment of Internet of Things (IoT) devices worldwide has triggered a sense of data security. Traditional architecture of client-server is vulnerable to security breach due to single-point security intelligence.
On the other hand, blockchain distributed ledger technology provides distributed and decentralized security system that is hard to break. Architectural limitations of IoT prevents it from making intelligent security decisions, therefore blockchain solution for IoT can open up lucrative opportunities in the field of cyber-security. In addition, businesses that rely on complex and expensive data have shown a preference shift towards blockchain IoT solutions for their data security.Offering AnalysisHardware Segment predicted to grow at a Substantial RateHardware analyzed as the most opportunistic segment during the forecast period. The lucrative growth of the segment is mainly due to increasing use cases of blockchain IoT in redefining business models and increasing their productivity platforms. Blockchain hardware picks data from the edge of IoT and transfers it to cloud that helps in driving business values and empowering them. However, software segment anticipated to hold substantial share over the forecast period due to increasing investment by major market players.End-user Analysis
Smart City Segment expected to witness the Fastest Growth during the Forecast PeriodSmart city segment seeks lucrative opportunity for the blockchain IoT solution in the near future owing to significant number of on-going smart city projects in different parts of the world. Some of the top smart city projects operating across the world are Digital Catapult, Sidewalk Labs LinkNYC, Green City Soutions' CityTree, Telensa Smart Parking, and many others.
Key questions answered in this report
Key Topics Covered: 1. Preface2. Executive Summary3. Blockchain IoT Market: Competitive Analysis4. Blockchain IoT Market: Macro Analysis & Market Dynamics5. Blockchain IoT Market: By Offering, 2020-2030, USD (Million)6. Blockchain IoT Market: By Application, 2020-2030, USD (Million)7. Blockchain IoT Market: By End-user, 2020-2030, USD (Million)8. North America Blockchain IoT Market, 2020-2030, USD (Million)9. UK and European Union Blockchain IoT Market, 2020-2030, USD (Million)10. Asia Pacific Blockchain IoT Market, 2020-2030, USD (Million)11. Latin America Blockchain IoT Market, 2020-2030, USD (Million)12. Middle East and Africa Blockchain IoT Market, 2020-2030, USD (Million)13. Company Profile
For more information about this report visit https://www.researchandmarkets.com/r/9ww9jp-iot?w=5
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