Internet Of Things (IoT) And Blockchain Market Report 2026

Internet Of Things (IoT) And Blockchain Market Overview

• Internet Of Things (IoT) And Blockchain market size has reached to $1899.13 billion in 2025 • Expected to grow to $10850.61 billion in 2030 at a compound annual growth rate (CAGR) of 40.1% • Growth Driver: Adoption Of Cloud Computing Fueling The IoT And Blockchain Market Expansion • Market Trend: Streamlining Global IoT Operations Through Cross-Border Connectivity Platforms • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Internet Of Things (IoT) And Blockchain Market?

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. The main types of internet of things (IoT) and blockchain are hardware and software. IoT and blockchain hardware include physical devices like sensors, actuators, and gateways that collect, transmit, and process data securely. It can be deployed in the cloud and on-premise for various applications, including smart contracts, data security, data sharing or communication, and asset tracking and management. It is used by several end-users, such as retail, healthcare, manufacturing, and banking, financial services, and insurance (BFSI).

What Is The Internet Of Things (IoT) And Blockchain Market Growth Forecast?

The internet of things (iot) and blockchain market size is expected to see exponential growth in the next few years. It will grow to $10850.61 billion in 2030 at a compound annual growth rate (CAGR) of 40.1%. The growth in the forecast period can be attributed to increasing adoption of decentralized iot architectures, rising investments in blockchain-enabled security solutions, expansion of smart asset tracking applications, growing focus on data integrity and privacy, increasing convergence of iot and distributed ledger technologies. Major trends in the forecast period include increasing integration of blockchain with iot networks, rising adoption of secure device identity management, growing use of smart contracts for iot automation, expansion of decentralized data security frameworks, enhanced focus on trust-based iot ecosystems.

Global Internet Of Things (IoT) And Blockchain Market Segmentation

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

What Is The Driver Of The Internet Of Things (IoT) And Blockchain Market?

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 2025, according to the cloud-awards a US-based is an international program reported grew from $735.45 billion in 2024 surpassing the earlier $690 billion estimate to approximately $833 billion in 2025. Therefore, the growing adoption of cloud computing is driving the growth of the Internet of Things (IoT) and blockchain industry.

Key Players In The Global Internet Of Things (IoT) And Blockchain Market

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

Global Internet Of Things (IoT) And Blockchain Market Trends and Insights

Major companies operating in the Internet of Things (IoT) and blockchain market are focused on advancing sophisticated technologies, such as cross-border IoT connectivity platforms, to provide global connectivity for IoT devices and drive their revenues in the market. A cross-border IoT connectivity platform allows businesses to easily deploy and manage IoT devices across international borders. This platform makes use of technologies such as 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 that empowers businesses to deploy and centrally manage devices across international borders. The platform integrates with Verizon's ThingSpace IoT management platform, allowing enterprises to manage their global IoT deployments from a single pane of glass via a smooth API interface. The platform aims to streamline complex global IoT operations by eliminating the need for multi-carrier contract negotiations and streamlining procurement, legal, security, privacy, and regulatory compliance. The platform simplifies cellular connectivity for connected products across the US and overseas using eSIM localization.

What Are Latest Mergers And Acquisitions In The Internet Of Things (IoT) And Blockchain Market?

In July 2023, HCL Technologies Limited India-based information technology company acquire 100 % equity stake in ASAP Group for an undisclosed amount. Through this acquisition, HCL aims to boost its global leadership in engineering services by strengthening its advanced automotive engineering, e-mobility, autonomous driving and connectivity capabilities for OEMs and Tier 1 suppliers. ASAP Group is a Germany-based firm serving top automotive OEMs and suppliers with services in electrics/electronics, software, consulting & service, testing and vehicle development.

Regional Insights

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 this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Internet Of Things (IoT) And Blockchain Market?

The internet of things (IoT) and blockchain market consists of revenues earned by entities by providing services such as data monetization, identity management and secure communication. The market value includes the value of related goods sold by the service provider or included within the service offering. The Internet of Things (IoT) and blockchain market also includes sales of products such as IoT devices, blockchain nodes, sensor networks, and secure elements. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Internet Of Things (IoT) And Blockchain Market Report 2026?

The internet of things (iot) and blockchain market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the internet of things (iot) and blockchain industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.