Blockchain IoT Market Growing Geriatric Population to Boost Growth 2027

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Market Highlights

According to Market Research Future, the global blockchain IoT market has been segmented based on offering, application, end-user, and region/country. The growing adoption of blockchain and IoT technologies across the retail sector is expected to drive market growth during the forecast period.

 Retailers use IoT and blockchain technology to track products in stores, prevent product tampering, and increase security across retail stores. Other verticals such as supply chain and logistics, automotive, healthcare, manufacturing, and construction are also expected to register a high demand for blockchain IoT during the forecast period.

Blockchain IoT Market is projected to exceed USD 124.58 Million by the end of 2027, with a CAGR of 93.4% during the forecast period 2020-2027

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Offering, the global blockchain IoT market has been divided into hardware, software, and services. The hardware segment is expected to have a higher market share during the forecast period due to growing demand infrastructure for deploying, developing, and managing blockchain applications.

It is also is expected to be the fastest-growing segment during the forecast period due to the implementation of IoT and blockchain technology across the smart city applications.

Based on Application, the global blockchain IoT market has been divided into data sharing, smart homes, data security, smart contracts, asset tracking & management, and others. The data security segment held the largest market share in 2018.

This is due to the crypto mechanism used of the blockchain which makes it hard for unauthorized users to access and damage the data. The smart contracts segment is expected to be the fastest-growing during the forecast period due to the increasing use of blockchain IoT in the construction industry for smart contract applications.

On the basis of End User, the global blockchain IoT market has been divided into the supply chain and logistics, retail, automotive, healthcare, manufacturing, construction, government, energy and utility, and others. The as government segment is expected to hold the largest market share during the forecast period owing to the increasing government initiatives and use of blockchain IoT across the smart city development projects.

Regional Analysis

By Region, the Global Blockchain IoT Market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America accounted for the largest market share due to the presence of major key players in the region. Asia-Pacific is expected to be the fastest-growing market due to the growing adoption of the latest digital technologies in various industry verticals.

Browse In-depth Market Research Report: https://www.marketresearchfuture.com/reports/blockchain-iot-market-8713

Key Players

The Key Players in the Global Blockchain IoT Market are Intel Corporation (US), IBM Corporation (US), Amazon.com, Inc. (US), Microsoft Corporation (US), Cisco Systems (US), R3 (US), Chronicled (US), Ethereum Foundation (Switzerland), Filament (Nevada), KrypC (India), The Linux Foundation (US), ArcTouch (US), and Filament (Nevada).

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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