The Europe Blockchain IoT Market would witness market growth of 57.0% CAGR during the forecast period (2023-2030).
The market has grown in popularity due to the quick advancement of technology and the communication network. Furthermore, the blockchain uses the IoT platform through a peer-to-peer network to provide transparency & security in decentralized networks, and cryptographic encryption power the blockchain. The adoption of blockchain technology has been prompted by the development in the number of Internet of Things (IoT) devices and connections that are susceptible to cybercrime. A few advantages of blockchain IoT include rapid data transformation, reduced prices, greater privacy, and effective logistics, insurance, and supply chain.
A combination of innovations can bolster privacy agreements and enhance the security of communications. A significant advantage of blockchain IoT is having a reliable ledger that documents all transactions and lists with access & transacting. Enterprises that utilize blockchain IoT often rely on security measures that include device authentication, but this is just a small part. Several security layers must be built to prevent unauthorized access or limit access if a bad actor is discovered to ensure security fully.
The European Commission has significant policy, legal and regulatory, and funding support for blockchain technology. Building a pan-European public services blockchain, promoting legal certainty, promoting blockchain for sustainability, increasing funding for research and innovation, supporting interoperability and standards, supporting blockchain skills development, and interacting with the community are the most important aspects of its blockchain strategy. Through grants and enabling investments, the EU provides funding for blockchain research and innovation. Through the Horizon program, grants are distributed.
Horizon 2020 received approximately €180 million in grants from the Commission between 2016 and 2019. The successor to Horizon, Horizon Europe, is anticipated to have a significant budget for additional grants. By means of the new artificial intelligence (AI) and blockchain investment fund, which makes investments in venture capital funds targeting AI and blockchain startups and early- stage ventures, the Commission encourages investment in blockchain startups and projects. As a result of this wide acceptance of blockchain technology across the region, the market is estimated to have significant growth.
The Germany market dominated the Europe Blockchain IoT Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $802.3 million by 2030. The UK market is registering a CAGR of 55.6% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 58.1% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Blockchain IoT Market, 2019 - 2022, USD Million
TABLE 2 Europe Blockchain IoT Market, 2023 - 2030, USD Million
TABLE 3 Europe Blockchain IoT Market by Application, 2019 - 2022, USD Million
TABLE 4 Europe Blockchain IoT Market by Application, 2023 - 2030, USD Million
TABLE 5 Europe Smart Contracts Market by Country, 2019 - 2022, USD Million
TABLE 6 Europe Smart Contracts Market by Country, 2023 - 2030, USD Million
TABLE 7 Europe Data Security Market by Country, 2019 - 2022, USD Million
TABLE 8 Europe Data Security Market by Country, 2023 - 2030, USD Million
TABLE 9 Europe Asset Tracking & Management Market by Country, 2019 - 2022, USD Million
TABLE 10 Europe Asset Tracking & Management Market by Country, 2023 - 2030, USD Million
TABLE 11 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 12 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 13 Europe Blockchain IoT Market by Vertical, 2019 - 2022, USD Million
TABLE 14 Europe Blockchain IoT Market by Vertical, 2023 - 2030, USD Million
TABLE 15 Europe Transportation & Logistics Market by Country, 2019 - 2022, USD Million
TABLE 16 Europe Transportation & Logistics Market by Country, 2023 - 2030, USD Million
TABLE 17 Europe Consumer Electronics Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe Consumer Electronics Market by Country, 2023 - 2030, USD Million
TABLE 19 Europe Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 20 Europe Manufacturing Market by Country, 2023 - 2030, USD Million
TABLE 21 Europe Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 22 Europe Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 23 Europe Retail Market by Country, 2019 - 2022, USD Million
TABLE 24 Europe Retail Market by Country, 2023 - 2030, USD Million
TABLE 25 Europe Smart City Market by Country, 2019 - 2022, USD Million
TABLE 26 Europe Smart City Market by Country, 2023 - 2030, USD Million
TABLE 27 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 28 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 29 Europe Blockchain IoT Market by Component, 2019 - 2022, USD Million
TABLE 30 Europe Blockchain IoT Market by Component, 2023 - 2030, USD Million
TABLE 31 Europe Software & Platform Market by Country, 2019 - 2022, USD Million
TABLE 32 Europe Software & Platform Market by Country, 2023 - 2030, USD Million
TABLE 33 Europe Hardware Market by Country, 2019 - 2022, USD Million
TABLE 34 Europe Hardware Market by Country, 2023 - 2030, USD Million
TABLE 35 Europe Services Market by Country, 2019 - 2022, USD Million
TABLE 36 Europe Services Market by Country, 2023 - 2030, USD Million
TABLE 37 Europe Blockchain IoT Market by Organization Size, 2019 - 2022, USD Million
TABLE 38 Europe Blockchain IoT Market by Organization Size, 2023 - 2030, USD Million
TABLE 39 Europe Large Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 40 Europe Large Enterprises Market by Country, 2023 - 2030, USD Million
TABLE 41 Europe SMEs Market by Country, 2019 - 2022, USD Million
TABLE 42 Europe SMEs Market by Country, 2023 - 2030, USD Million
TABLE 43 Europe Blockchain IoT Market by Country, 2019 - 2022, USD Million
TABLE 44 Europe Blockchain IoT Market by Country, 2023 - 2030, USD Million
TABLE 45 Germany Blockchain IoT Market, 2019 - 2022, USD Million
TABLE 46 Germany Blockchain IoT Market, 2023 - 2030, USD Million
TABLE 47 Germany Blockchain IoT Market by Application, 2019 - 2022, USD Million
TABLE 48 Germany Blockchain IoT Market by Application, 2023 - 2030, USD Million
TABLE 49 Germany Blockchain IoT Market by Vertical, 2019 - 2022, USD Million
TABLE 50 Germany Blockchain IoT Market by Vertical, 2023 - 2030, USD Million
TABLE 51 Germany Blockchain IoT Market by Component, 2019 - 2022, USD Million
TABLE 52 Germany Blockchain IoT Market by Component, 2023 - 2030, USD Million
TABLE 53 Germany Blockchain IoT Market by Organization Size, 2019 - 2022, USD Million
TABLE 54 Germany Blockchain IoT Market by Organization Size, 2023 - 2030, USD Million
TABLE 55 UK Blockchain IoT Market, 2019 - 2022, USD Million
TABLE 56 UK Blockchain IoT Market, 2023 - 2030, USD Million
TABLE 57 UK Blockchain IoT Market by Application, 2019 - 2022, USD Million
TABLE 58 UK Blockchain IoT Market by Application, 2023 - 2030, USD Million
TABLE 59 UK Blockchain IoT Market by Vertical, 2019 - 2022, USD Million
TABLE 60 UK Blockchain IoT Market by Vertical, 2023 - 2030, USD Million
TABLE 61 UK Blockchain IoT Market by Component, 2019 - 2022, USD Million
TABLE 62 UK Blockchain IoT Market by Component, 2023 - 2030, USD Million
TABLE 63 UK Blockchain IoT Market by Organization Size, 2019 - 2022, USD Million
TABLE 64 UK Blockchain IoT Market by Organization Size, 2023 - 2030, USD Million
TABLE 65 France Blockchain IoT Market, 2019 - 2022, USD Million
TABLE 66 France Blockchain IoT Market, 2023 - 2030, USD Million
TABLE 67 France Blockchain IoT Market by Application, 2019 - 2022, USD Million
TABLE 68 France Blockchain IoT Market by Application, 2023 - 2030, USD Million
TABLE 69 France Blockchain IoT Market by Vertical, 2019 - 2022, USD Million
TABLE 70 France Blockchain IoT Market by Vertical, 2023 - 2030, USD Million
TABLE 71 France Blockchain IoT Market by Component, 2019 - 2022, USD Million
TABLE 72 France Blockchain IoT Market by Component, 2023 - 2030, USD Million
TABLE 73 France Blockchain IoT Market by Organization Size, 2019 - 2022, USD Million
TABLE 74 France Blockchain IoT Market by Organization Size, 2023 - 2030, USD Million
TABLE 75 Russia Blockchain IoT Market, 2019 - 2022, USD Million
TABLE 76 Russia Blockchain IoT Market, 2023 - 2030, USD Million
TABLE 77 Russia Blockchain IoT Market by Application, 2019 - 2022, USD Million
TABLE 78 Russia Blockchain IoT Market by Application, 2023 - 2030, USD Million
TABLE 79 Russia Blockchain IoT Market by Vertical, 2019 - 2022, USD Million
TABLE 80 Russia Blockchain IoT Market by Vertical, 2023 - 2030, USD Million
TABLE 81 Russia Blockchain IoT Market by Component, 2019 - 2022, USD Million
TABLE 82 Russia Blockchain IoT Market by Component, 2023 - 2030, USD Million
TABLE 83 Russia Blockchain IoT Market by Organization Size, 2019 - 2022, USD Million
TABLE 84 Russia Blockchain IoT Market by Organization Size, 2023 - 2030, USD Million
TABLE 85 Spain Blockchain IoT Market, 2019 - 2022, USD Million
TABLE 86 Spain Blockchain IoT Market, 2023 - 2030, USD Million
TABLE 87 Spain Blockchain IoT Market by Application, 2019 - 2022, USD Million
TABLE 88 Spain Blockchain IoT Market by Application, 2023 - 2030, USD Million
TABLE 89 Spain Blockchain IoT Market by Vertical, 2019 - 2022, USD Million
TABLE 90 Spain Blockchain IoT Market by Vertical, 2023 - 2030, USD Million
TABLE 91 Spain Blockchain IoT Market by Component, 2019 - 2022, USD Million
TABLE 92 Spain Blockchain IoT Market by Component, 2023 - 2030, USD Million
TABLE 93 Spain Blockchain IoT Market by Organization Size, 2019 - 2022, USD Million
TABLE 94 Spain Blockchain IoT Market by Organization Size, 2023 - 2030, USD Million
TABLE 95 Italy Blockchain IoT Market, 2019 - 2022, USD Million
TABLE 96 Italy Blockchain IoT Market, 2023 - 2030, USD Million
TABLE 97 Italy Blockchain IoT Market by Application, 2019 - 2022, USD Million
TABLE 98 Italy Blockchain IoT Market by Application, 2023 - 2030, USD Million
TABLE 99 Italy Blockchain IoT Market by Vertical, 2019 - 2022, USD Million
TABLE 100 Italy Blockchain IoT Market by Vertical, 2023 - 2030, USD Million
TABLE 101 Italy Blockchain IoT Market by Component, 2019 - 2022, USD Million
TABLE 102 Italy Blockchain IoT Market by Component, 2023 - 2030, USD Million
TABLE 103 Italy Blockchain IoT Market by Organization Size, 2019 - 2022, USD Million
TABLE 104 Italy Blockchain IoT Market by Organization Size, 2023 - 2030, USD Million
TABLE 105 Rest of Europe Blockchain IoT Market, 2019 - 2022, USD Million
TABLE 106 Rest of Europe Blockchain IoT Market, 2023 - 2030, USD Million
TABLE 107 Rest of Europe Blockchain IoT Market by Application, 2019 - 2022, USD Million
TABLE 108 Rest of Europe Blockchain IoT Market by Application, 2023 - 2030, USD Million
TABLE 109 Rest of Europe Blockchain IoT Market by Vertical, 2019 - 2022, USD Million
TABLE 110 Rest of Europe Blockchain IoT Market by Vertical, 2023 - 2030, USD Million
TABLE 111 Rest of Europe Blockchain IoT Market by Component, 2019 - 2022, USD Million
TABLE 112 Rest of Europe Blockchain IoT Market by Component, 2023 - 2030, USD Million
TABLE 113 Rest of Europe Blockchain IoT Market by Organization Size, 2019 - 2022, USD Million
TABLE 114 Rest of Europe 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 Europe 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 Europe Blockchain IoT Market share by Application, 2022
FIG 6 Europe Blockchain IoT Market share by Application, 2030
FIG 7 Europe Blockchain IoT Market by Application, 2019 - 2030, USD Million
FIG 8 Europe Blockchain IoT Market share by Vertical, 2022
FIG 9 Europe Blockchain IoT Market share by Vertical, 2030
FIG 10 Europe Blockchain IoT Market by Vertical, 2019 - 2030, USD Million
FIG 11 Europe Blockchain IoT Market share by Component, 2022
FIG 12 Europe Blockchain IoT Market share by Component, 2030
FIG 13 Europe Blockchain IoT Market by Component, 2019 - 2030, USD Million
FIG 14 Europe Blockchain IoT Market share by Organization Size, 2022
FIG 15 Europe Blockchain IoT Market share by Organization Size, 2030
FIG 16 Europe Blockchain IoT Market by Organization Size, 2019 - 2030, USD Million
FIG 17 Europe Blockchain IoT Market share by Country, 2022
FIG 18 Europe Blockchain IoT Market share by Country, 2030
FIG 19 Europe 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