Global Blockchain IoT Market Size Study & Forecast, by Application (Supply Chain Management, Healthcare, Smart Cities, Energy Management, Agriculture), by Technology (Public Blockchain, Private Blockchain, Hybrid Blockchain, Blockchain as a Service, Permi

The Global Blockchain IoT Market is valued at approximately USD 3.96 billion in 2024 and is anticipated to grow at a CAGR of more than 18.57% over the forecast period 2025-2035. Blockchain IoT combines the decentralized, immutable nature of blockchain with the connectivity of IoT devices, enabling secure data exchange, traceability, and automation across industries. With IoT generating massive volumes of real-time data, blockchain ensures that such information is tamper-proof, auditable, and efficiently managed across networks. This convergence has started to transform supply chains, healthcare, energy, and smart cities by unlocking operational transparency and efficiency. The growing demand for connected ecosystems, heightened concerns over cybersecurity, and the rapid adoption of digital infrastructure worldwide are driving the momentum of this market. In addition, organizations are deploying blockchain IoT to improve compliance, reduce fraud, and streamline complex transactions.

The rise in connected devices and the growing reliance on secure data sharing have accelerated blockchain IoT adoption. Enterprises are leveraging it to safeguard IoT networks from cyberattacks, ensure data integrity, and establish trust across multiple stakeholders. For instance, blockchain is increasingly integrated into supply chain management to trace goods from origin to consumer, while in healthcare it enhances patient data privacy and interoperability between providers. According to industry reports, the global number of connected IoT devices is projected to exceed 29 billion by 2030, which is creating immense opportunities for blockchain IoT deployments. However, challenges such as regulatory uncertainty, high integration costs, and limited awareness in developing economies could hinder market penetration during the forecast period.

The detailed segments and sub-segments included in the report are:

By Application:
• Supply Chain Management
• Healthcare
• Smart Cities
• Energy Management
• Agriculture

By Technology:
• Public Blockchain
• Private Blockchain
• Hybrid Blockchain
• Blockchain as a Service
• Permissioned Blockchain

By End-use:
• Industrial
• Commercial
• Residential
• Government
• Transportation

By Connectivity:
• Wireless Connectivity
• Wired Connectivity
• Bluetooth Connectivity
• Cellular Connectivity
• LPWAN Connectivity

Supply Chain Management is Expected to Dominate the Market

Among applications, supply chain management is expected to account for the largest share of the blockchain IoT market. This dominance is linked to the rising need for transparency, authenticity, and traceability across increasingly complex global supply networks. Companies are deploying blockchain IoT platforms to track goods in real time, verify product origins, and reduce counterfeit risks. As industries move toward hyper-connected logistics, blockchain IoT offers an unparalleled framework for trust, collaboration, and compliance. Its ability to reduce inefficiencies, automate smart contracts, and improve visibility ensures that supply chain applications will continue leading the market.

Public Blockchain Leads in Revenue Contribution

From a technology perspective, public blockchain generates the lion’s share of revenue. Public blockchains offer unmatched decentralization and transparency, making them highly suitable for IoT networks that involve multiple, untrusted participants. While private and permissioned blockchains are popular in enterprise settings due to their controlled environments, public blockchains drive growth by enabling cross-border, large-scale IoT ecosystems. Hybrid models and Blockchain-as-a-Service solutions are also gaining traction as they balance scalability with enterprise-level control, but public blockchain remains the key revenue driver owing to its widespread adoption and ecosystem support.

The key regions considered for the Global Blockchain IoT Market study include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America dominated the market in 2025 due to strong technological infrastructure, early adoption of blockchain, and robust IoT ecosystems in industries like logistics, healthcare, and energy. Europe is advancing rapidly with government-backed initiatives promoting blockchain integration in smart cities and transportation projects. Meanwhile, Asia Pacific is expected to be the fastest-growing region, fueled by rapid digital transformation, expanding smart manufacturing bases, and large-scale IoT deployments in countries like China, Japan, and India. Latin America and the Middle East are gradually gaining traction as enterprises in these regions embrace blockchain IoT for agriculture, logistics, and smart energy applications.

Major market players included in this report are:
• IBM Corporation
• Microsoft Corporation
• Cisco Systems, Inc.
• Intel Corporation
• Amazon Web Services, Inc.
• Huawei Technologies Co., Ltd.
• SAP SE
• Oracle Corporation
• Samsung Electronics Co., Ltd.
• Bosch Connected Industry
• PTC Inc.
• Siemens AG
• Hitachi, Ltd.
• Ericsson AB
• Huawei Technologies Co., Ltd.

Global Blockchain IoT Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period - 2025-2035
• Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed analysis of the geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of the competitive structure of the market.
• Demand side and supply side analysis of the market. Show more