Blockchain IoT Industry: The growing need for IoT security and solutions
The global
blockchain IoT market size is projected to grow from USD 258 million in 2020 to
USD 2,409 million by 2026, at a Compound Annual Growth Rate (CAGR) of 45.1%
during the forecast period. The growing need for IoT security, simplified
processes supported with transparency and immutability, and high adoption of
blockchain-based IoT solutions using smart contracts and AI is expected to
surge demand...
For blockchain IoT, North America is major contributor among all regions, thereby expecting to hold largest market size in next 5 years
The blockchain IoT market is projected to grow from USD 113.1 million in 2019 to USD 3,021 million by 2024; it is expected to grow at a CAGR of 92.92%.
North America is among the major contributors to the
blockchain IoT market, and the US accounted for the largest share of the
market in North America in 2018. The global blockchain IoT market is
dominated by North America as the region is an...