The global blockchain IoT market size is valued at USD 1204.03 million in 2025 and is expected to attain around USD 74772.36 million by 2034, grow at a CAGR of 58.21% from 2025 to 2034.
Blockchain IoT Market Key Takeaways
- North America dominated the global blockchain IoT market with the largest market share of 34.08% in 2024.
- Asia Pacific is projected to expand at a notable CAGR of 61.92% during the forecast period.
- By component, the software segment held the biggest market share of 52% in 2024.
- By component, the hardware segment is expected to grow at a double digit CAGR of 56.63% over the forecast period.
- By vertical, the transportation and logistics segment contributed the highest market share of 22% in 2024.
- By vertical, the healthcare segment is expanding at a CAGR of 61.6% over the forecast period.
- By organization size, the small- and medium-sized enterprises (SMEs) segment generated the largest market share of 61% in 2024.
- By organization size, the large enterprises segment is prjected to grow at a significant CAGR of 57.82% over the forecast period.
- By application, the smart contracts segment has held a major market share of 38% in 2024.
- By application, the asset tracking and management segment is representing a healthy CAGR of 57.05% over the forecast period.
Regional Outlook
The U.S. blockchain IoT market size was evaluated at USD 230.83 million in 2024 and is predicted to be worth around USD 22840.23 million by 2034, rising at a CAGR of 58.32% from 2025 to 2034.
The detailed research report covers significant prospects and inclinations of blockchain IoT products throughout different regions including Europe, North America, Asia-Pacific, Africa, Middle East, and Latin America. By region, blockchain IoT market is led by North America due to early application of latest technologies and availability of latest technology infrastructure. Europe reported the second maximum share predominantly due to presence of key companies.Asia-Pacific is also anticipated to witness the rapid growth rate, on account of increasing investment by governments in the latest technologies.
Blockchain IoT Market Growth Factors
The growth of the blockchain IoT market is driven by the growing adoption of the Internet of Things (IoT), rising focus on operational efficiency, and increasing requirements for IoT security.
Other factors accountable for market growth are:
- Streamlining of business processes
- Better transparency offered by blockchain technology
- Increasing adoption of blockchain smart contracts
- Growing implementation of blockchain technology in the healthcare sector
- Integration of the latest technologies and growing investment by governments
Major Trends in The Blockchain IoT Market
Numerous blockchain platforms concentrating on IoT are evolving as the business gets larger. IOTA is one of the initial blockchain IoT platforms. It was intended explicitly for the Internet of Things (IoT) and delivers a data transfer layer and transaction settlement for linked devices. The Blockchain technology is the absent link to determine reliability, privacy, and scalability apprehensions in the IoT (Internet of Things). Blockchain technologies can perhaps be the tremendously effective resolution needed by the Internet of Things business. Blockchain technology can be employed in tracking thousands of millions of connected equipment’s, allow the processing of communications and synchronization between the devices. This distributed approach would eradicate single points of disaster, creating an extra resilient network for devices to operate on. The cryptographic procedures used by blockchain, can make consumer information more private, thus secure and more dependable.
The establishments executing IoT solutions continue to encounter challenges recognizing security know-hows and approaches adequate to mitigate unique intimidations to the Internet of Things. Blockchain mechanism promises to perform a major part in addressing such challenges. Numerous devices will gain advantage from the safety and other aspects offered by blockchain facilities through APIs from upstream business nodes of systems or by specialized mediators. Such upstream competences can be employed to safeguard IoT devices and interactions. The Internet of Thingshas long remained associated with safety weaknesses and threats, and professionals and establishments have started exploring the usage of blockchain to safeguarding the IoT. Establishments like Trusted IoT Alliance and IOTA have commenced emphasis on IoT security by means of the utilization of blockchain. IoT equipment’s can be constituted either to make usage of public blockchain facilities or to interconnect with sequestered blockchain nodes in the cloud through a secure API. Integrating blockchain expertise into the security outline of an IoT organization allows IoT equipment’s to securely determine each other, encode machine-to-machine communications using dispersed key administration techniques, and authenticate the integrity and genuineness of software image apprises, in addition to policy updates. The use of blockchain technology to deliver security to IoT network is expected to drive the demand for blockchain IoT industry in the estimate timeframe.
Market Scope
| Report Highlights | Details |
| Market Size in 2024 | USD 761.03 Million |
| Market Size in 2025 | USD 1204.03 Million |
| Market Size by 2034 | USD 74772.36 Million |
| Growth Rate from 2025 to 2034 | CAGR of 58.21% |
| Base Year | 2024 |
| Forecast Period | 2025 to 2034 |
| Segments Covered | Component, Application, End-Use Industry |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
Significant Market Trends
Software Segment Reported Foremost Market Stake in 2024
The software displayed a major share in the worldwide blockchain IoT market in 2024. Increased focus on development of software’s for the implementation of blockchain IoT are the key reason for highest market stake of software segment. The factors such as implementation in new sectors are expected to retain the dominance of software in the near future. The hardware segment is anticipated grow at the maximum CAGR through the forecast time-frame mainly due to high anticipated demand.
Asset Management and Tracking Application Dominated the Market Revenue
The smart contracts segment has held a major market share of 38% in 2024. Blockchain IoT has major application in the area of asset management and tracking. It is also favorable in designing algorithms that can be used to better organize assets and track them.
Asset tracking and management segment is representing a healthy CAGR of 57.05% over the forecast period. Smart contracts are acquiring an increasing acceptance in both private and public domains as they permit peer-to-peer process on community blockchains and possess the potential to progress efficacy and transparency in commercial collaborations. With the improvements in flexibility, legality, and security smart contracts are expected to be implemented by a larger customer base.
Transportation Will Dominate the Blockchain IoT Market Revenue By End-Users
The use of blockchain technology to reduce operational costs in the transportation industry is the key reason for high market share. Smart City end-use industry will expand at highest CAGR during the forecast time-frame.
Blockchain IoT Market Companies
The companies focusing on research and development are expected to lead the global blockchain IoT market. Leading competitors contending in global blockchain IoT market are as follows:
- The Linux Foundation
- KrypC
- Microsoft
- Amazon
- Ethereum Foundation
- Cisco Systems
- IoTEX
- IBM
- Intel
In order to well recognize the present status of blockchain IoT, and policies implemented by the foremost nations, Precedence Research projected the future progress of the blockchain IoT market. This research report bids quantitative and qualitative insights on blockchain IoT market and valuation of market size and progress trend for probable market segments.
Major Market Segments Covered:
By Component
- Services
- Hardware
- Software
By Application
- Data Security
- Asset Management and Tracking
- Smart Contracts
- Data Sharing
- Others
By End-Use Industry
- Retail
- Transportation
- Smart City
- Manufacturing
- Construction
- Consumer Electronics
- Healthcare
- Others
By Organization Size
- Large Enterprises
- SMEs
By Geography
- North America
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- U.S.
- Canada
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- Europe
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- Germany
- France
- United Kingdom
- Rest of Europe
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- Asia Pacific
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- China
- Japan
- India
- Southeast Asia
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Rest of Latin America
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- Middle East & Africa (MEA)
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- GCC
- North Africa
- South Africa
- Rest of Middle East & Africa
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