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Internet Of Things (IoT) And Blockchain Market Size Forecast: How Big Could The Market Get By 2030?
The market size for the internet of things (iot) and blockchain has experienced significant expansion in recent years. It will grow from $1899.13 billion in 2025 to $2815.39 billion in 2026 at a compound annual growth rate (CAGR) of 48.2%. This historical growth can be attributed to several factors, including the proliferation of connected devices across various industries, increasing worries about iot data security, the early adoption of blockchain platforms, the broadening of digital transformation initiatives, and a rising demand for transparent data systems.
The internet of things (IoT) and blockchain market is anticipated to experience rapid expansion over the coming years. Its valuation is projected to reach $10850.61 billion in 2030, exhibiting a compound annual growth rate (CAGR) of 40.1%. This anticipated growth during the forecast period stems from factors such as the increasing embrace of decentralized IoT architectures, greater investments in blockchain-enabled security solutions, the widening scope of smart asset tracking applications, an enhanced emphasis on data integrity and privacy, and the growing integration of IoT with distributed ledger technologies. Key developments observed during this period involve the increasing fusion of blockchain with IoT networks, a rise in the adoption of secure device identity management, the expanding utilization of smart contracts for IoT automation, the development of decentralized data security frameworks, and a heightened emphasis on establishing trust-based IoT ecosystems.
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Internet Of Things (IoT) And Blockchain Market Opportunity Drivers: What’s Unlocking New Revenue Potential?
The increasing uptake of cloud computing is anticipated to fuel the expansion of the Internet of Things (IoT) and blockchain market. Cloud computing, defined as the internet-based, on-demand provision of computing resources such as servers, storage, databases, and software, is gaining traction due to its scalability, flexibility, cost-effectiveness, and robust data management capabilities. It offers essential storage and processing power for the substantial data generated by IoT devices and blockchain systems, ensuring efficient handling of large data volumes. Furthermore, cloud platforms facilitate smooth integration through APIs and middleware, fostering expansive ecosystems for IoT and blockchain. For instance, reports from cloud-awards indicate that the market grew from $735.45 billion in 2024, surpassing an earlier $690 billion estimate, to approximately $833 billion in 2025. Consequently, the expanding adoption of cloud computing is a key driver for the Internet of Things (IoT) and blockchain market.
Internet Of Things (IoT) And Blockchain Market Segment Outlook: Which Categories Are Growing Fastest?
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)
Subsegments:
1) By Hardware: IoT Sensors And Devices, IoT Gateways And Connectivity Modules, Edge Devices, Blockchain-enabled Hardware, Smart Devices (Smart Home Devices, Wearables)
2) By Software: IoT Platform Software, Blockchain Platforms, IoT Data Management Software, Blockchain Smart Contract Software, Security And Privacy Solutions For IoT And Blockchain, Distributed Ledger Technology (DLT) Software
Internet Of Things (IoT) And Blockchain Market Innovation Trends Shaping Future Development
Leading companies in the Internet of Things (IoT) and blockchain market are prioritizing the advancement of sophisticated technologies, such as cross-border IoT connectivity platforms, to offer global connectivity for IoT devices and boost their market revenues. A cross-border IoT connectivity platform enables businesses to effortlessly deploy and manage IoT devices across international borders. This platform leverages technologies like eSIM (embedded SIM) and strategic collaborations with mobile network operators (MNOs). For instance, in July 2023, Verizon Business, a US-based telecommunications company, launched its Global IoT Orchestration platform, a cross-border IoT connectivity platform designed to empower businesses to deploy and centrally manage devices across international borders. The platform integrates with Verizon’s ThingSpace IoT management platform, allowing enterprises to oversee their global IoT deployments from a unified interface through a smooth API interface. Its aim is to streamline complex global IoT operations by eliminating the need for multi-carrier contract negotiations and simplifying procurement, legal, security, privacy, and regulatory compliance. The platform further simplifies cellular connectivity for connected products across the US and overseas by utilizing eSIM localization.
Internet Of Things (IoT) And Blockchain Market Leading Companies And Competitive Benchmarking
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
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Internet Of Things (IoT) And Blockchain Market Regional Breakdown: Where Is Demand Concentrated?
North America was the largest region in the Internet of Things (IoT) and blockchain market in 2025. 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, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
