Global Blockchain IoT Market 2020 (Includes Business Impact of COVID-19)
- TBI309878
- April 29, 2020
- Global
- 149 pages
- Market.US
“Global Blockchain IoT Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global blockchain IoT market report has been segmented on the basis of application, end user, and region.
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Global Blockchain IoT Market: Overview
IoT is a technology that connects every device over the Internet whereas blockchain is form of distributed ledger technology. Together they form a strong secure analytical environment. Key benefits of using blockchain for IoT are reduced risks of tampering and collusion, reduced cost, and reduced settlement times for transactions.
Global Blockchain IoT Market: Dynamics
Increasing focus to enhance operational efficiency and growing need to visualize proof-of-work among BFSI organizations is expected to drive high revenue growth opportunities for players to integrate blockchain technology into IoT based devices. IoT based devices such as robotic arms, smart phones, and others are increasing demand for security-based framework, which is also offered through blockchain technology, is expected to support growth of the potential market during the forecast period.
Organization across the globe are focusing on offering highly secure software services or applications. In addition, increasing adoption of emerging technologies by various organization to offer advancements in products and services is proliferating growth of IoT adoption at a high rate. Increasing digitalization across various industrial verticals for providing automation through digitalization is another factor boosting high adoption of emerging technologies. Aforementioned are factors expected to boost growth of the global blockchain IoT market in the coming 10 years.
Furthermore, growing demand and rising focus towards securing accessibility and visibility of data, increasing number of cyber-attacks and malicious activity, and growing concerns associated with cyber security is among some of the major factors expected to fuel the market growth globally.
Key trend observed in the global market is high adoption of blockchain solutions by IoT based service providers for smart contracts and digital identity service offering.
For instance; in April 2018, Amazon.com, Inc. introduced AWS Blockchain Templates as well as BaaS services for Ethereum and Hyperledger Fabric. This template deploys a blockchain framework that is choose as a base container on an Amazon Elastic Container Service (ECS) cluster, or directly on an EC2 instance running Docker.
Global Blockchain IoT Market: Segment Analysis
From the recent past, countries across the globe are focused on developing smart city, thus increasing technology discourse towards emerging technologies. Mostly all the smart cities development plans include integration of IoT with almost every aspect of day to day work. Realization of blockchain technology, and real-time environment and rising empowerment by advances in IoT domain seems to be the future. Therefore, among the application segments, the smart city segment is expected to register highest CAGR in the global market.
Global Blockchain IoT Market: Region Analysis
The blockchain IoT market in North America is expected to dominate in terms of revenue share in the global market. whereas, the market in Asia Pacific is projected to contribute highest CAGR in the target market.
Market in Europe is expected to drive growth of the global blockchain IoT market over the forecast period in terms of revenue. In addition, countries in Middle East & Africa is expected to register lucrative growth in terms of CAGR in the target market.
Global Blockchain IoT Market Segmentation:
Segmentation by Application:
Smart Contracts
Data Security
Data Sharing/Communication
Asset Tracking and Management
Others
Segmentation by End User:
Smart City
Manufacturing
Healthcare
Energy & Utility
Wearable and Mobile Devices
Others (Retail, Transportation & Logistics, Building Management, Etc.)
Table of Contents Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Blockchain IoT Market Outlook 3.1. Market Segmentation 3.2. Market Size and Growth Prospects, 2016 - 2027 3.3. Value Chain Analysis 3.4. Market Dynamics 3.4.1. Market driver analysis 3.4.2. Market restraint analysis | read more...
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