Global Blockchain Iot Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Blockchain Iot market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global blockchain IoT market size was US$ 3.5 billion in 2021. The global blockchain IoT market is forecast to grow to US$ 271 billion by 2030, registering a compound annual growth rate (CAGR) of 45.2% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
- The increasing penetration of IoT technology is forecast to benefit the global blockchain IoT market. Growing initiatives to establish smart cities, smart transportation infrastructure, and vehicular connection forecast to play a beneficial role.
- The increasing privacy concerns related to IoT devices, such as botnet attacks, Distributed Denial of Service (DDoS) assaults, and insecure ecosystem interfaces, are forecast to benefit the global blockchain IoT market during the forecast period. Blockchain offers an effective solution for IoT security. It enhances data security and protects data from unauthorized access. All of these factors will contribute to market growth.
- The increasing focus of companies towards adopting effective solutions is forecast to benefit the global blockchain IoT market. Due to the COVID-19 pandemic, companies are increasingly inclining towards online operations. As a result, the demand for data security is forecast to increase from the government, BFSI, and private companies. However, a lack of knowledge about the technology may hamper the growth of the global blockchain IoT market.
Regional Analysis
The Asia-Pacific blockchain IoT market is forecast to register the highest growth rate, owing to the increasing number of technology companies, growing investments, and favorable government initiatives to build smart city infrastructure.
In August 2019, Reliance, a leading Indian multinational conglomerate company, unveiled its plans to launch a blockchain network with the aim to modernize the agriculture supply chain.
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COVID-19 Impact Analysis
Due to the COVID-19 pandemic, the reliance on online enterprises has expanded dramatically. The internet is being used by BFSI, healthcare, and life sciences, manufacturing, automotive, retail, transportation, logistics, and other industries in order to offer critical services to consumers. However, the global pandemic had a negative impact on the demand and availability of the various hardware components needed for blockchain IoT. The healthcare and government sectors are expected to have a significant contribution to the market during the pandemic.
Competitors in the Market
- IBM (US)
- Microsoft (US)
- Intel (US)
- Amazon Web Services (US)
- Huawei (China)
- Cisco (US)
- SAP (Germany)
- Ethereum Foundation (Switzerland)
- The Linux Foundation (US)
- R3 (US)
- Other Prominent Players
Market Segmentation
The global blockchain IoT market segmentation focuses on Component, Application, Organization Size, Vertical, and Region.
Based on the component:
- Hardware
- IoT Sensors
- Motion Sensors
- GPS
- Temperature Sensors
- Vehicle Information
- Connected Devices
- Crypto-wallets
- IoT Sensors
- Software and Platform
- Services
- Technology Advisory and Consulting Services
- Deployment and Integration Services
- Support and Maintenance
Based on applications:
- Smart Contracts
- Security
- Data Sharing/ Communication
- Asset Tracking and Management
- Other applications* (real-time workforce tracking and workforce management)
Based on organization size:
- Large Enterprises
- SMEs
Based on the vertical:
- Energy and Utilities
- Transportation and Logistics
- Manufacturing
- Building Management
- Healthcare
- Retail
- Wearable and Mobile Devices
- Smart City
- Other verticals** (food and beverages, pharmaceutical, mining, agriculture, construction, and real estate)
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Regional Outlook
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Key questions answered in the global market report are:
— How does a global company acquire markets?
— What are its core strategies and policies?
— What factors will influence the market over the forecast period?
— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
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