Global Blockchain IoT Market 2025 – 2034

The Custom Market Insights (CMI) says that the Global Blockchain IoT Market Size was worth USD 857.48 Billion in 2024 and is expected to grow to USD 1323.18 Billion in 2025. By the end of 2034, it is expected to be worth USD 89332.83 Billion, with a CAGR of about 59.14% from 2025 to 2034. After the dismissal, many organizations are expected to grow in the next few years. The demand for blockchain platforms to use the IoT will also rise. You can use this technology to keep track of a lot of connected devices. The goal is to improve communication and synchronization between all of these connected devices.

The Market

Drivers

The demand for Internet of Things devices has grown in recent years. These devices are used in a lot of different ways. Some of the ways these devices can be used in cars are for connectivity, smart cities, smart grids, smart transportation, and smart homes. The blockchain IoT will become more popular as the Internet of Things becomes more popular in the next few years. This is because it keeps things safe and secure. Using blockchain technology will keep the devices safe and stop people from getting into them without permission. More blockchain integration with Internet of Things devices will help make encryption stronger.

Limitations

Putting blockchain into the Internet of Things comes with a lot of problems. One of the problems that the market will have to deal with in the next few years is scalability. It will take a lot of time and energy to encrypt IoT devices. The storage problem is another thing that will slow down the market's growth. The Internet of Things and blockchain are new technologies that have a lot of benefits, but it will take time to use them because there are a lot of security and technical problems.

Chances

Smart contracts use the Internet of Things. Ethereum is a public blockchain that uses smart contracts. Combining blockchain with the Internet of Things will be very helpful for this technology in many ways. And this is likely to create good chances for growth in the next few years.

Problems

People are less likely to use the blockchain IoT because they don't know it's available. A lot of businesses don't know how this technology can help them. It slows down the growth of the market because people don't put much money into using these technologies. Another problem with the market's growth is that it's hard to say how many companies will use it. Investors don't know how much it could grow, which will be another problem for its growth in the next few years.

Main Points of the Report

The hardware segment is likely to take over the market in the next few years because of the products it offers. The segment has been the most important part of the Blockchain IoT market in the past, and it will grow at a faster rate over the next year. The hardware segment is likely to grow in the next few years because it does a lot of different things for Internet of Things systems. The hardware segment is likely to see more demand because it is used to collect data and send it to cloud systems.

This technology will be used in the data security segment, and the use of it in this segment will bring in U.S. dollars 1377.9 billion in the next few years. The number of cyber-attacks has gone up in the last few years, and the fear of data theft will lead to more people using technology to protect their data.

The smart city part of this technology will be used on a large scale. This part is expected to grow at a rate of 93.9% per year over the next few years. In the next few years, this part will bring in $639.5 billion in revenue. This technology will make people want smart cities more and more in the years to come.

The demand for technology will also grow as the manufacturing industries in the Asia Pacific region keep growing in the next few years. Because people will learn about its benefits, the demand for this technology will rise, and it will be widely used in the healthcare and retail sectors.

Regional Snapshots

Urbanization has sped up around the world in the last few decades. Due to the growing population, resources are becoming harder to find. The growing population has also caused a lot of changes in the weather. The governments of many countries are always trying to use new technologies like wireless communications, blockchain, and the Internet of Things (IoT) to their best advantage. This is because the number of people living in cities is also expected to rise during the forecast period.

Scope of the Report

Details about the Report's Features

The market will be worth $1323.18 billion in 2025.

Projected Market Size in 2034: $89332.83 Billion

CAGR Growth Rate: 59.14% CAGR

Year of Base: 2024

Time of Prediction: 2025–2034

Key Segment: By Region, Offering, Application, and End Use

Report Coverage: Company Profile, Revenue Estimation and Forecast, Competitive Landscape, Growth Factors, and Recent Trends

Regional Scope: North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America Show more