Internet Of Things (IoT) And Blockchain Market 2024 - Consumption Analysis, Business Overview And Upcoming Trends 2033
Overview and Scope
The Internet of Things (IoT) is a
network of interconnected devices embedded with sensors, software, and other
technologies that communicate and share data via the Internet. Whereas,
blockchain refers to a decentralized and distributed ledger system that records
transactions across a network of computers in a secure manner. The Internet of
Things (IoT) enables the networking and communication of physical things, while
blockchain technology provides a secure and transparent system for recording
and verifying transactions.
Sizing and Forecast
The Internet of Things (IoT) and
blockchain market size has grown exponentially in recent years. It will grow
from $866.52 billion in 2023 to $1284.32 billion in 2024 at a compound annual
growth rate (CAGR) of 48.2%. The growth
in the historic period can be attributed to the increased number of government
initiatives, increased demand for secure and cost-effective solutions for
managing data and transactions, growth in the investments in IoT and
blockchain-based solutions, increased need for IoT security, and increased
mobility and connectivity.
The Internet of Things (IoT) and
blockchain market size is expected to see exponential growth in the next few
years. It will grow to $6246.02 billion in 2028 at a compound annual growth
rate (CAGR) of 48.5%. The growth in the
forecast period can be attributed to the growing adoption of cloud computing,
rising demand for automation and smart solutions, increasing demand for
real-time data analysis, and growing interest in data security and protection.
Major trends in the forecast period include technological advancements, edge
computing, AI and machine learning integration, blockchain integration, hybrid
cloud solutions, and smart contracts.
Order your report now for swift
delivery, visit the link:
Segmentation & Regional
Insights
The internet of things (IoT) and
blockchain market covered in this report is segmented –
1) By Type: Hardware,
Software
2) By Deployment Model:
Cloud, On-Premise
3) By Application: Smart
Contract, Data Security, Data Sharing Or Communication, Asset Tracking And
Management
4) By End-User: Retail,
Healthcare, Manufacturing, Banking, Financial Services, And Insurance (BFSI)
North America was the largest
region in the Internet of Things (IoT) and blockchain market in 2023.
Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the internet of things (IoT) and blockchain
market report are Asia-Pacific, Western Europe, Eastern Europe, North America,
South America, Middle East, Africa.
Intrigued to explore the
contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15403&type=smp
Major Driver Impacting Market
Growth
The growing adoption of cloud
computing is expected to propel the growth of the Internet of Things (IoT) and
blockchain market going forward. Cloud computing refers to the Internet-based
on-demand delivery of computing services such as servers, storage, databases,
networking, software, and analytics. Cloud computing adoption is on the rise
due to its scalability and flexibility, cost efficiency, and data management
capabilities. Cloud computing provides ideal storage and processing power for
IoT data and blockchain systems, ensuring effective storage and handling of
massive data volumes. Also, cloud platforms offer seamless connectivity via
APIs (application programming interfaces) and middleware, creating extensible
ecosystems for IoT and blockchain integration. For instance, in December 2023,
according to the Statistical Office of the European Union, a Europe-based
government organization, 45.2% of EU enterprises purchased cloud computing
services. This represents a 4.2 percentage point increase compared with 2021.
Therefore, the growing adoption of cloud computing is driving the growth of the
Internet of Things (IoT) and blockchain market.
Key Industry Players
Major companies operating in the
internet of things (IoT) and blockchain market are Amazon.com Inc., Google LLC, Microsoft
Corporation, Verizon Communications Inc., AT&T Inc., Dell Inc., Huawei
Technologies Co. Ltd., Siemens AG, Intel Corporation, Accenture plc,
International Business Machines Corporation, Cisco Systems Inc., Oracle
Corporation , Mitsubishi Electric Corporation, Honeywell International Inc.,
SAP SE, Fujitsu, The Hewlett Packard Enterprise Company, Ericsson, NEC
Corporation , Cognizant, Infosys Limited, HCL Technologies Limited, Wipro
Limited, KrypC Technologies
The internet of things (iot)
and blockchain market report table of contents includes:
1. Executive Summary
2. Internet Of Things (IoT) And
Blockchain Market Characteristics
3. Internet Of Things (IoT) And
Blockchain Market Trends And Strategies
4. Internet Of Things (IoT) And
Blockchain Market - Macro Economic Scenario
5. Global Internet Of Things (IoT)
And Blockchain Market Size and Growth
................................
32. Global Internet Of Things
(IoT) And Blockchain Market Competitive Benchmarking
33. Global Internet Of Things
(IoT) And Blockchain Market Competitive Dashboard
34. Key Mergers And Acquisitions
In The Internet Of Things (IoT) And Blockchain Market
35. Internet Of Things (IoT) And
Blockchain Market Future Outlook and Potential Analysis
36. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Comments
Post a Comment