A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Blockchain IoT – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 4; Released: April 2021
Executive Pool: 707
Companies: 55 – Players covered include Amazon; Ambrosus; Atonomi; Cisco Systems; Discovery; Ethereum Foundation; Factom; Filament; IBM; Intel and Others.
Coverage: All major geographies and key segments
Segments: Component (Infrastructure Providers, Hardware, Software); Application (Data Security, Smart Contracts, Data Communication / Sharing, Asset Tracking & Management, Other Applications); End-Use (Transportation & Logistics, Energy & Utility, Smart City, Manufacturing, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global Blockchain IoT Market to Reach $11 Billion by 2026
Amid the COVID-19 crisis, the global market for Blockchain IoT estimated at US$236.3 Million in the year 2020, is projected to reach a revised size of US$11 Billion by 2026, growing at a CAGR of 89% over the analysis period. Infrastructure Providers, one of the segments analyzed in the report, is projected to record a 86.4% CAGR and reach US$7.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hardware segment is readjusted to a revised 92.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $132.1 Million in 2021, While China is Forecast to Reach $1.5 Billion by 2026
The Blockchain IoT market in the U.S. is estimated at US$132.1 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2026 trailing a CAGR of 84.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 79.3% and 76.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 60.8% CAGR.
Software Segment to Reach US$3 Billion by the year 2026
In the global Software segment, USA, Canada, Japan, China and Europe will drive the 84% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$45.3 Million in the year 2020 will reach a projected size of US$3.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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For more such updates and perspectives around Digital Innovation, IoT, Data Infrastructure, AI & Cybsercurity, go to AI-Techpark.com.
