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Internet Of Things (IoT) And Blockchain Market Value Analysis: What Growth Is Expected Over The Forecast Period?
The internet of things (iot) and blockchain market has experienced significant expansion recently. Its valuation is projected to rise from $1899.13 billion in 2025 to $2815.39 billion in 2026, reflecting a compound annual growth rate (CAGR) of 48.2%. Historically, this growth can be attributed to the proliferation of connected devices across industries, heightened concerns regarding iot data security, the initial uptake of blockchain platforms, the broadening of digital transformation initiatives, and a greater demand for transparent data systems.
The internet of things (iot) and blockchain market is poised for significant expansion over the coming years. By 2030, this market is projected to reach $10850.61 billion, 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 security solutions powered by blockchain, the broadening use of smart asset tracking applications, an intensified focus on data integrity and privacy, and the growing convergence between iot and distributed ledger technologies. Key trends expected during this period involve the increasing integration of blockchain with iot networks, a rise in the adoption of secure device identity management, the expanding application of smart contracts for iot automation, the development of decentralized data security frameworks, and an amplified emphasis on trust-based iot ecosystems.
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Internet Of Things (IoT) And Blockchain Market Opportunity Drivers: What Is Creating New Revenue Potential?
The increasing integration of cloud computing is anticipated to accelerate the expansion of the Internet of Things (IoT) and blockchain market in the future. Cloud computing describes the delivery of computing resources such as servers, storage, databases, networking, software, and analytics, on demand via the internet. Its growing uptake is attributed to advantages like scalability, flexibility, cost efficiency, and robust data management capabilities. Cloud computing offers optimal storage and processing capacity essential for IoT data and blockchain systems, ensuring efficient handling of vast data volumes. Moreover, cloud platforms enable smooth connectivity through APIs (application programming interfaces) and middleware, establishing adaptable ecosystems for integrating IoT and blockchain technologies. For instance, in 2025, according to cloud-awards, a US-based international program, the market grew from $735.45 billion in 2024, surpassing the earlier $690 billion estimate, to approximately $833 billion in 2025. Therefore, the widespread adoption of cloud computing is a significant force driving the growth of the Internet of Things (IoT) and blockchain market.
Internet Of Things (IoT) And Blockchain Market Segment Analysis: What Are The Major Market Categories?
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 Growth Trends: What Is Influencing The Future Outlook?
Leading companies operating within the Internet of Things (IoT) and blockchain market are concentrating on developing sophisticated technologies, such as cross-border IoT connectivity platforms, to provide global connectivity for IoT devices and boost their revenues. A cross-border IoT connectivity platform facilitates the easy deployment and management of IoT devices across international boundaries for businesses. This platform utilizes technologies like eSIM (embedded SIM) and strategic collaborations with mobile network operators (MNOs). For example, in July 2023, Verizon Business, a US-based telecommunications company, introduced its Global IoT Orchestration platform. This particular cross-border IoT connectivity platform enables businesses to deploy and manage devices centrally across different countries. It integrates with Verizon’s ThingSpace IoT management platform, allowing enterprises to oversee their global IoT deployments from a single interface using a streamlined API. The platform aims to simplify complex global IoT operations by eliminating the need for multi-carrier contract negotiations and streamlining processes related to procurement, legal, security, privacy, and regulatory compliance. It simplifies cellular connectivity for connected products across the US and overseas through eSIM localization.
Internet Of Things (IoT) And Blockchain Market Leading Companies Driving Competitive Growth
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 Largest Region: Which Geography Holds The Highest Market Share?
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.