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Blockchain IoT Market Global Forecast to 2024 by Offering, Applications, End Use Industry, Latest Technology, Demand and Leading Companies

Japan, Japan, Mon, 22 Feb 2021 08:55:10 / Comserve Inc. / -- IBM Corporation (US), Microsoft Corporation (US), Intel Corporation (US), Amazon.com, Inc. (US), Cisco Systems (US), Ethereum Foundation (Switzerland), The Linux Foundation (US), R3 (US), Filament (Nevada), and KrypC (India) are a few major players

The blockchain IoT market is projected to be valued at USD 3,021 million by 2024 from USD 113.1 million in 2019; it is expected to grow at a CAGR of 92.92%. Major factors driving the market growth are increasing adoption of IoT, growing need for IoT security, simplifying business processes and affording transparency and immutability, and increasing focus on operational efficiency. Further, underlying opportunities for the blockchain IoT market include higher adoption of blockchain solutions for smart contracts and digital identity and rising government initiatives. Major restraints for the market are uncertain regulatory status and higher latency with an increase in the number of nodes. The lack of awareness about blockchain technology and lack of standards pose major challenges to the blockchain IoT market.

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-106599

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

IBM Corporation (US), Microsoft Corporation (US), Intel Corporation (US), Amazon.com, Inc. (US), Cisco Systems (US), Ethereum Foundation (Switzerland), The Linux Foundation (US), R3 (US), Filament (Nevada), and KrypC (India) are a few major players in the blockchain IoT market.

Infrastructure provider segment is expected to hold largest share of blockchain IoT market during forecast period
The infrastructure provider segment is expected to hold the largest share of the blockchain IoT market during the forecast period. Infrastructure providers offer commutable infrastructure for developing, deploying, and managing enterprise-grade blockchain applications. These providers help enterprises implement blockchain technology and develop solutions to fulfill the increasing need for customer services. Blockchain can synchronize data across multiple entities, thereby building trust and encouraging customers to collaborate. Hence, companies are adopting coexistence as an approach to combine their infrastructure with emerging technologies.

Among all applications, data security application is expected to hold largest size of blockchain IoT market from 2018 to 2024
Data security is the major application in the blockchain IoT market; therefore, this application is expected to hold the largest market share during the forecast period. Blockchain can help to overcome the problem of managing and securing data of industrial IoT and operational technology (OT) devices. Using blockchain with IoT stands to benefit applications enormously. Current applications rely on the client-server model to function. The blockchain model would prevent attacks from happening. Since a decentralized database would remove any one point of weakness, attackers would have to target individual nodes on the network instead.

Blockchain IoT market in APAC is projected to grow at highest CAGR during forecast period.
APAC is expected to be the largest blockchain IoT market during the forecast period. This market is further divided into China, Japan, South Korea, India, and the Rest of APAC. Rest of APAC mainly includes Singapore, Malaysia, Thailand, Australia, and New Zealand. China is the largest market among all APAC countries. China, Japan, South Korea, and India are witnessing growth in blockchain IoT and blockchain start-ups. Blockchain adoption in developing countries of APAC helps organizations transform their business processes. Blockchain applications with IoT help create transparent and decentralized business processes. The key financial and shipping and trading hubs such as Hong Kong and Singapore provide huge opportunities for the adoption of blockchain in various industry verticals.

Breakdown of primary participants' profile:

  • By Company Type: Tier 1 - 30%, Tier 2 - 30%, and Tier 3 - 40%
  • By Designation: C-Level Executives - 45%, Directors - 30%, and Others - 25%
  • By Region: North America - 30%, Europe - 40%, APAC - 25%, and RoW - 5%

Research Coverage:

Various market segments have been covered in this report. These include offering, application, end user, and geography. It also gives a detailed view of the market across 4 main regions: North America, Europe, APAC, and RoW.

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-106599

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

Reasons to Buy the Report:

  • This report includes statistics pertaining to the blockchain IoT market in terms of offering, application, end user, and region, along with their respective market sizes.
  • Major drivers, restraints, opportunities, and challenges for the blockchain IoT market have been provided in detail in this report.
  • The report includes illustrative segmentation, analysis, and forecast for the blockchain IoT market based on its segments and subsegments.

TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 STUDY OBJECTIVES 15
1.2 DEFINITION 15
1.3 STUDY SCOPE 16
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED 16
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY AND PRIMARY RESEARCH 19
2.1.1.1 Key industry insights 20
2.1.2 SECONDARY DATA 20
2.1.2.1 List of major secondary sources 20
2.1.2.2 Secondary sources 21
2.1.3 PRIMARY DATA 21
2.1.3.1 Breakdown of primaries 21
2.1.3.2 Primary sources 22
2.2 MARKET SIZE +0000IMATION 22
2.2.1 BOTTOM-UP APPROACH 23
2.2.2 TOP-DOWN APPROACH 24
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 25
2.4 RESEARCH ASSUMPTIONS 26
3 EXECUTIVE SUMMARY 27
4 PREMIUM INSIGHTS 31
4.1 ATTRACTIVE OPPORTUNITIES IN BLOCKCHAIN IOT MARKET 31
4.2 BLOCKCHAIN IOT MARKET FOR SOFTWARE, BY APPLICATION 31
4.3 BLOCKCHAIN IOT MARKET FOR SMART CITY, BY REGION 32
4.4 BLOCKCHAIN IOT MARKET IN APAC, BY APPLICATION AND COUNTRY 32
4.5 BLOCKCHAIN IOT MARKET, BY GEOGRAPHY 33
5 MARKET OVERVIEW 34

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-106599

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Hina Miyazu

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

The post Blockchain IoT Market Global Forecast to 2024 by Offering, Applications, End Use Industry, Latest Technology, Demand and Leading Companies appeared first on Comserveonline.

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