The Asia Pacific Blockchain IoT Market would witness market growth of 58.3% CAGR during the forecast period (2023-2030).
To improve the security of hospitals, government structures, and populations during upcoming epidemics, the healthcare and government sectors are anticipated to embrace IoT sensors and blockchain technology gradually. Additionally, the growing trend of utilizing blockchain technology regionally is anticipated to fuel market expansion. Collaborations between state-backed projects and digital service providers are supporting this trend. For instance, in November 2022, the "International Supernode" was created and run by the Chinese initiative Xinghuo Blockchain Infrastructure and Facility in collaboration with MY EG, Services Berhad (MyEG), a Malaysian digital service provider. This collaboration reflects Beijing's continued efforts to increase its influence globally in the market. The market's growth is anticipated to be fueled by such strategies employed by major players.
A digital asset's origin is tracked by the ultra-transparent ledger system used by blockchain technology. The security and transparency of the technology have been successfully & consistently applied to the management of the Internet of Things, cryptocurrencies, digital IDs, copyright and royalty protection, real estate, tax regulation & compliance, and other areas. Its decentralized characteristic makes it more challenging to manipulate, which raises user popularity. Due to its low human involvement, lack of third-party verifications, improved transparency, peer-to-peer network, and ease of use, it is a more cost-effective and preferable option. Its popularity has grown due to its widespread application across numerous industrial sectors, including BFSI, healthcare, and manufacturing. Consequently, this is fuelling the market's revenue.
Blockchain, a subset of distributed ledger technology, and other emerging technologies are not restricted to a particular area or use case. The ability of blockchain to outperform the usage of cryptocurrencies and its potential to reshape crucial business, government, healthcare, and supply chain operations are being acknowledged by major world powers. China is a prominent player in testing blockchain technology and putting legal frameworks, rules, and government initiatives into place as part of its quest for global competitiveness. These aspects are predicted to support the growth of the regional market.
The China market dominated the Asia Pacific Blockchain IoT Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $935.8 million by 2030. The Japan market is anticipated to grow at a CAGR of 57.3% during (2023 - 2030). Additionally, The India market would register a CAGR of 59.2% during (2023 - 2030).
Based on Application, the market is segmented into Smart Contracts, Data Security. Asset Tracking & Management, and Others. Based on Vertical, the market is segmented into Transportation & Logistics, Consumer Electronics, Manufacturing, Healthcare, Retail, Smart City, and Others. Based on Component, the market is segmented into Software & Platform, Hardware, and Services. Based on Organization Size, the market is segmented into Large Enterprises, and SMEs. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Blockchain IoT Market is Projected to reach USD 11.9 Billion by 2030, at a CAGR of 57.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Amazon.com, Inc., Intel Corporation, Microsoft Corporation, Cisco Systems, Inc., The Linux Foundation, KrypC Technologies, IoTeX, ArcTouch LLC (AKQA Group) (WPP plc), and R3 LLC.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Smart Contracts
- Data Security
- Asset Tracking & Management
- Others
By Vertical
- Transportation & Logistics
- Consumer Electronics
- Manufacturing
- Healthcare
- Retail
- Smart City
- Others
By Component
- Software & Platform
- Hardware
- Services
By Organization Size
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Amazon.com, Inc.
- Intel Corporation
- Microsoft Corporation
- Cisco Systems, Inc.
- The Linux Foundation
- KrypC Technologies
- IoTeX
- ArcTouch LLC (AKQA Group) (WPP plc)
- R3 LLC
TABLE 1 Asia Pacific Blockchain IoT Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Blockchain IoT Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Blockchain IoT Market by Application, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Blockchain IoT Market by Application, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Smart Contracts Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Smart Contracts Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Data Security Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Data Security Market by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Asset Tracking & Management Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Asset Tracking & Management Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Blockchain IoT Market by Vertical, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Blockchain IoT Market by Vertical, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Transportation & Logistics Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Transportation & Logistics Market by Country, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Consumer Electronics Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Consumer Electronics Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Manufacturing Market by Country, 2023 - 2030, USD Million
TABLE 21 Asia Pacific Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Retail Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Retail Market by Country, 2023 - 2030, USD Million
TABLE 25 Asia Pacific Smart City Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Smart City Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 28 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 29 Asia Pacific Blockchain IoT Market by Component, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Blockchain IoT Market by Component, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Software & Platform Market by Country, 2019 - 2022, USD Million
TABLE 32 Asia Pacific Software & Platform Market by Country, 2023 - 2030, USD Million
TABLE 33 Asia Pacific Hardware Market by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Hardware Market by Country, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Services Market by Country, 2019 - 2022, USD Million
TABLE 36 Asia Pacific Services Market by Country, 2023 - 2030, USD Million
TABLE 37 Asia Pacific Blockchain IoT Market by Organization Size, 2019 - 2022, USD Million
TABLE 38 Asia Pacific Blockchain IoT Market by Organization Size, 2023 - 2030, USD Million
TABLE 39 Asia Pacific Large Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 40 Asia Pacific Large Enterprises Market by Country, 2023 - 2030, USD Million
TABLE 41 Asia Pacific SMEs Market by Country, 2019 - 2022, USD Million
TABLE 42 Asia Pacific SMEs Market by Country, 2023 - 2030, USD Million
TABLE 43 Asia Pacific Blockchain IoT Market by Country, 2019 - 2022, USD Million
TABLE 44 Asia Pacific Blockchain IoT Market by Country, 2023 - 2030, USD Million
TABLE 45 China Blockchain IoT Market, 2019 - 2022, USD Million
TABLE 46 China Blockchain IoT Market, 2023 - 2030, USD Million
TABLE 47 China Blockchain IoT Market by Application, 2019 - 2022, USD Million
TABLE 48 China Blockchain IoT Market by Application, 2023 - 2030, USD Million
TABLE 49 China Blockchain IoT Market by Vertical, 2019 - 2022, USD Million
TABLE 50 China Blockchain IoT Market by Vertical, 2023 - 2030, USD Million
TABLE 51 China Blockchain IoT Market by Component, 2019 - 2022, USD Million
TABLE 52 China Blockchain IoT Market by Component, 2023 - 2030, USD Million
TABLE 53 China Blockchain IoT Market by Organization Size, 2019 - 2022, USD Million
TABLE 54 China Blockchain IoT Market by Organization Size, 2023 - 2030, USD Million
TABLE 55 Japan Blockchain IoT Market, 2019 - 2022, USD Million
TABLE 56 Japan Blockchain IoT Market, 2023 - 2030, USD Million
TABLE 57 Japan Blockchain IoT Market by Application, 2019 - 2022, USD Million
TABLE 58 Japan Blockchain IoT Market by Application, 2023 - 2030, USD Million
TABLE 59 Japan Blockchain IoT Market by Vertical, 2019 - 2022, USD Million
TABLE 60 Japan Blockchain IoT Market by Vertical, 2023 - 2030, USD Million
TABLE 61 Japan Blockchain IoT Market by Component, 2019 - 2022, USD Million
TABLE 62 Japan Blockchain IoT Market by Component, 2023 - 2030, USD Million
TABLE 63 Japan Blockchain IoT Market by Organization Size, 2019 - 2022, USD Million
TABLE 64 Japan Blockchain IoT Market by Organization Size, 2023 - 2030, USD Million
TABLE 65 India Blockchain IoT Market, 2019 - 2022, USD Million
TABLE 66 India Blockchain IoT Market, 2023 - 2030, USD Million
TABLE 67 India Blockchain IoT Market by Application, 2019 - 2022, USD Million
TABLE 68 India Blockchain IoT Market by Application, 2023 - 2030, USD Million
TABLE 69 India Blockchain IoT Market by Vertical, 2019 - 2022, USD Million
TABLE 70 India Blockchain IoT Market by Vertical, 2023 - 2030, USD Million
TABLE 71 India Blockchain IoT Market by Component, 2019 - 2022, USD Million
TABLE 72 India Blockchain IoT Market by Component, 2023 - 2030, USD Million
TABLE 73 India Blockchain IoT Market by Organization Size, 2019 - 2022, USD Million
TABLE 74 India Blockchain IoT Market by Organization Size, 2023 - 2030, USD Million
TABLE 75 South Korea Blockchain IoT Market, 2019 - 2022, USD Million
TABLE 76 South Korea Blockchain IoT Market, 2023 - 2030, USD Million
TABLE 77 South Korea Blockchain IoT Market by Application, 2019 - 2022, USD Million
TABLE 78 South Korea Blockchain IoT Market by Application, 2023 - 2030, USD Million
TABLE 79 South Korea Blockchain IoT Market by Vertical, 2019 - 2022, USD Million
TABLE 80 South Korea Blockchain IoT Market by Vertical, 2023 - 2030, USD Million
TABLE 81 South Korea Blockchain IoT Market by Component, 2019 - 2022, USD Million
TABLE 82 South Korea Blockchain IoT Market by Component, 2023 - 2030, USD Million
TABLE 83 South Korea Blockchain IoT Market by Organization Size, 2019 - 2022, USD Million
TABLE 84 South Korea Blockchain IoT Market by Organization Size, 2023 - 2030, USD Million
TABLE 85 Singapore Blockchain IoT Market, 2019 - 2022, USD Million
TABLE 86 Singapore Blockchain IoT Market, 2023 - 2030, USD Million
TABLE 87 Singapore Blockchain IoT Market by Application, 2019 - 2022, USD Million
TABLE 88 Singapore Blockchain IoT Market by Application, 2023 - 2030, USD Million
TABLE 89 Singapore Blockchain IoT Market by Vertical, 2019 - 2022, USD Million
TABLE 90 Singapore Blockchain IoT Market by Vertical, 2023 - 2030, USD Million
TABLE 91 Singapore Blockchain IoT Market by Component, 2019 - 2022, USD Million
TABLE 92 Singapore Blockchain IoT Market by Component, 2023 - 2030, USD Million
TABLE 93 Singapore Blockchain IoT Market by Organization Size, 2019 - 2022, USD Million
TABLE 94 Singapore Blockchain IoT Market by Organization Size, 2023 - 2030, USD Million
TABLE 95 Malaysia Blockchain IoT Market, 2019 - 2022, USD Million
TABLE 96 Malaysia Blockchain IoT Market, 2023 - 2030, USD Million
TABLE 97 Malaysia Blockchain IoT Market by Application, 2019 - 2022, USD Million
TABLE 98 Malaysia Blockchain IoT Market by Application, 2023 - 2030, USD Million
TABLE 99 Malaysia Blockchain IoT Market by Vertical, 2019 - 2022, USD Million
TABLE 100 Malaysia Blockchain IoT Market by Vertical, 2023 - 2030, USD Million
TABLE 101 Malaysia Blockchain IoT Market by Component, 2019 - 2022, USD Million
TABLE 102 Malaysia Blockchain IoT Market by Component, 2023 - 2030, USD Million
TABLE 103 Malaysia Blockchain IoT Market by Organization Size, 2019 - 2022, USD Million
TABLE 104 Malaysia Blockchain IoT Market by Organization Size, 2023 - 2030, USD Million
TABLE 105 Rest of Asia Pacific Blockchain IoT Market, 2019 - 2022, USD Million
TABLE 106 Rest of Asia Pacific Blockchain IoT Market, 2023 - 2030, USD Million
TABLE 107 Rest of Asia Pacific Blockchain IoT Market by Application, 2019 - 2022, USD Million
TABLE 108 Rest of Asia Pacific Blockchain IoT Market by Application, 2023 - 2030, USD Million
TABLE 109 Rest of Asia Pacific Blockchain IoT Market by Vertical, 2019 - 2022, USD Million
TABLE 110 Rest of Asia Pacific Blockchain IoT Market by Vertical, 2023 - 2030, USD Million
TABLE 111 Rest of Asia Pacific Blockchain IoT Market by Component, 2019 - 2022, USD Million
TABLE 112 Rest of Asia Pacific Blockchain IoT Market by Component, 2023 - 2030, USD Million
TABLE 113 Rest of Asia Pacific Blockchain IoT Market by Organization Size, 2019 - 2022, USD Million
TABLE 114 Rest of Asia Pacific Blockchain IoT Market by Organization Size, 2023 - 2030, USD Million
TABLE 115 Key information – IBM Corporation
TABLE 116 Key Information – Amazon.com, Inc.
TABLE 117 Key Information – Intel Corporation
TABLE 118 key information – Microsoft Corporation
TABLE 119 Key Information – Cisco Systems, Inc.
TABLE 120 key Information – The Linux Foundation
TABLE 121 Key Information – KrypC Technologies
TABLE 122 Key Information – IoTeX
TABLE 123 Key Information – ArcTouch LLC
TABLE 124 Key Information – R3 LLC
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Blockchain IoT Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Blockchain IoT Market
FIG 4 Porter’s Five Forces Analysis - Blockchain IoT Market
FIG 5 Asia Pacific Blockchain IoT Market share by Application, 2022
FIG 6 Asia Pacific Blockchain IoT Market share by Application, 2030
FIG 7 Asia Pacific Blockchain IoT Market by Application, 2019 - 2030, USD Million
FIG 8 Asia Pacific Blockchain IoT Market share by Vertical, 2022
FIG 9 Asia Pacific Blockchain IoT Market share by Vertical, 2030
FIG 10 Asia Pacific Blockchain IoT Market by Vertical, 2019 - 2030, USD Million
FIG 11 Asia Pacific Blockchain IoT Market share by Component, 2022
FIG 12 Asia Pacific Blockchain IoT Market share by Component, 2030
FIG 13 Asia Pacific Blockchain IoT Market by Component, 2019 - 2030, USD Million
FIG 14 Asia Pacific Blockchain IoT Market share by Organization Size, 2022
FIG 15 Asia Pacific Blockchain IoT Market share by Organization Size, 2030
FIG 16 Asia Pacific Blockchain IoT Market by Organization Size, 2019 - 2030, USD Million
FIG 17 Asia Pacific Blockchain IoT Market share by Country, 2022
FIG 18 Asia Pacific Blockchain IoT Market share by Country, 2030
FIG 19 Asia Pacific Blockchain IoT Market by Country, 2019 - 2030, USD Million
FIG 20 Recent strategies and developments: IBM Corporation
FIG 21 Swot Analysis: IBM Corporation
FIG 22 Recent strategies and developments: Amazon.com, Inc.
FIG 23 SWOT analysis: Amazon.com, Inc.
FIG 24 SWOT Analysis: Intel corporation
FIG 25 SWOT Analysis: Microsoft Corporation
FIG 26 SWOT Analysis: Cisco Systems, Inc.
FIG 27 SWOT analysis: The Linux Foundation
FIG 28 SWOT analysis: KrypC Technologies
FIG 29 SWOT analysis: IoTeX
FIG 30 SWOT analysis: ArcTouch LLC
FIG 31 SWOT analysis: R3 LLC