The North America Blockchain IoT Market would witness market growth of 56.2% CAGR during the forecast period (2023-2030).
Market expansion is anticipated to be fueled by the increasing acceptance of integrating blockchain and IoT devices, which improves security by enabling decentralized and tamper-proof data storage and communication. Similarly, the market expansion is projected to be aided by the growing trend of selectively managing, analyzing, customizing, and sharing data with approved clients and partners. This trend offers organizations more control and flexibility over their data. It is also projected that significant players will continue using the technology, accelerating market expansion.
As an illustration, in October 2022, Samsung Electronics unveiled Knox Matrix, an enhanced security solution that uses blockchain technology to protect a device ecosystem. The Knox Matrix is anticipated to act by the user's private blockchain system, increasing security through multi-layered mutual monitoring with connected devices. During the forecast period, market growth is anticipated to be fueled by such technological adoption by leading market players. Additionally, the market expansion is anticipated to be fueled by the new trend of smart contract usage. The automation of numerous IoT transactions, such as asset tracking, payments, and supply chain management are made possible by these self-executing contracts maintained on a blockchain. This trend in IoT ecosystems streamlines procedures, boosts effectiveness, and lessens dependency on intermediaries, which is predicted to accelerate market expansion during the forecast period.
The Joint Economic Report of the United States government focuses on the use of blockchain technology by various government and public entities. Since 2018, numerous comprehensive programs in Delaware and Illinois have been in place to expedite the work and reduce transactional costs. The US government is currently formulating its regulatory posture regarding the adoption of the technology. Additionally, there is a specialized Center for Blockchain and Digital Innovation in Wyoming, United States. Wyoming has blockchain-centric legislation and recently passed a DAO legal framework. Overall, the U.S. government is moving quickly to implement blockchain technology for a variety of applications. American enterprises are the most innovative in the globe. Digital asset companies are not unique. The United States is home to approximately fifty percent of the world’s 100 most valuable financial technology companies in 2022, the majority of which trade in digital asset services. This wide adoption of blockchain technology in the region is estimated to support the growth of regional market.
The US market dominated the North America Blockchain IoT Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,958.3 million by 2030. The Canada market is showcasing a CAGR of 59.7% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 58.3% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Blockchain IoT Market, by Application
1.4.2 North America Blockchain IoT Market, by Vertical
1.4.3 North America Blockchain IoT Market, by Component
1.4.4 North America Blockchain IoT Market, by Organization Size
1.4.5 North America Blockchain IoT Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. Strategies Deployed in Blockchain IoT Market
Chapter 5. North America Blockchain IoT Market by Application
5.1 North America Smart Contracts Market by Country
5.2 North America Data Security Market by Country
5.3 North America Asset Tracking & Management Market by Country
5.4 North America Others Market by Country
Chapter 6. North America Blockchain IoT Market by Vertical
6.1 North America Transportation & Logistics Market by Country
6.2 North America Consumer Electronics Market by Country
6.3 North America Manufacturing Market by Country
6.4 North America Healthcare Market by Country
6.5 North America Retail Market by Country
6.6 North America Smart City Market by Country
6.7 North America Others Market by Country
Chapter 7. North America Blockchain IoT Market by Component
7.1 North America Software & Platform Market by Country
7.2 North America Hardware Market by Country
7.3 North America Services Market by Country
Chapter 8. North America Blockchain IoT Market by Organization Size
8.1 North America Large Enterprises Market by Country
8.2 North America SMEs Market by Country
Chapter 9. North America Blockchain IoT Market by Country
9.1 US Blockchain IoT Market
9.1.1 US Blockchain IoT Market by Application
9.1.2 US Blockchain IoT Market by Vertical
9.1.3 US Blockchain IoT Market by Component
9.1.4 US Blockchain IoT Market by Organization Size
9.2 Canada Blockchain IoT Market
9.2.1 Canada Blockchain IoT Market by Application
9.2.2 Canada Blockchain IoT Market by Vertical
9.2.3 Canada Blockchain IoT Market by Component
9.2.4 Canada Blockchain IoT Market by Organization Size
9.3 Mexico Blockchain IoT Market
9.3.1 Mexico Blockchain IoT Market by Application
9.3.2 Mexico Blockchain IoT Market by Vertical
9.3.3 Mexico Blockchain IoT Market by Component
9.3.4 Mexico Blockchain IoT Market by Organization Size
9.4 Rest of North America Blockchain IoT Market
9.4.1 Rest of North America Blockchain IoT Market by Application
9.4.2 Rest of North America Blockchain IoT Market by Vertical
9.4.3 Rest of North America Blockchain IoT Market by Component
9.4.4 Rest of North America Blockchain IoT Market by Organization Size
Chapter 10. Company Profiles
10.1 IBM Corporation
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Regional & Segmental Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Product Launches and Product Expansions:
10.1.5.3 Acquisition and Mergers:
10.1.6 SWOT Analysis
10.2 Amazon.com, Inc.
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental Analysis
10.2.4 Recent strategies and developments:
10.2.4.1 Partnerships, Collaborations, and Agreements:
10.2.4.2 Product Launches and Product Expansions:
10.2.5 SWOT Analysis
10.3 Intel Corporation
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expenses
10.3.5 Recent strategies and developments:
10.3.5.1 Product Launches and Product Expansions:
10.3.6 SWOT Analysis
10.4 Microsoft Corporation
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expenses
10.4.5 Recent strategies and developments:
10.4.5.1 Partnerships, Collaborations, and Agreements:
10.4.6 SWOT Analysis
10.5 Cisco Systems, Inc.
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Regional Analysis
10.5.4 Research & Development Expense
10.5.5 SWOT Analysis
10.6 The Linux Foundation
10.6.1 Company Overview
10.6.2 Recent strategies and developments:
10.6.2.1 Partnerships, Collaborations, and Agreements:
10.6.3 SWOT Analysis
10.7 KrypC Technologies
10.7.1 Company Overview
10.7.2 SWOT Analysis
10.8 IoTeX
10.8.1 Company Overview
10.8.2 SWOT Analysis
10.9 ArcTouch LLC (AKQA Group) (WPP plc)
10.9.1 Company Overview
10.9.2 SWOT Analysis
10.10. R3 LLC
10.10.1 Company Overview
10.10.2 SWOT Analysis
TABLE 1 North America Blockchain IoT Market, 2019 - 2022, USD Million
TABLE 2 North America Blockchain IoT Market, 2023 - 2030, USD Million
TABLE 3 North America Blockchain IoT Market by Application, 2019 - 2022, USD Million
TABLE 4 North America Blockchain IoT Market by Application, 2023 - 2030, USD Million
TABLE 5 North America Smart Contracts Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Smart Contracts Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Data Security Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Data Security Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Asset Tracking & Management Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Asset Tracking & Management Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Blockchain IoT Market by Vertical, 2019 - 2022, USD Million
TABLE 14 North America Blockchain IoT Market by Vertical, 2023 - 2030, USD Million
TABLE 15 North America Transportation & Logistics Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Transportation & Logistics Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Consumer Electronics Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Consumer Electronics Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Manufacturing Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Retail Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Retail Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Smart City Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Smart City Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 29 North America Blockchain IoT Market by Component, 2019 - 2022, USD Million
TABLE 30 North America Blockchain IoT Market by Component, 2023 - 2030, USD Million
TABLE 31 North America Software & Platform Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Software & Platform Market by Country, 2023 - 2030, USD Million
TABLE 33 North America Hardware Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Hardware Market by Country, 2023 - 2030, USD Million
TABLE 35 North America Services Market by Country, 2019 - 2022, USD Million
TABLE 36 North America Services Market by Country, 2023 - 2030, USD Million
TABLE 37 North America Blockchain IoT Market by Organization Size, 2019 - 2022, USD Million
TABLE 38 North America Blockchain IoT Market by Organization Size, 2023 - 2030, USD Million
TABLE 39 North America Large Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 40 North America Large Enterprises Market by Country, 2023 - 2030, USD Million
TABLE 41 North America SMEs Market by Country, 2019 - 2022, USD Million
TABLE 42 North America SMEs Market by Country, 2023 - 2030, USD Million
TABLE 43 North America Blockchain IoT Market by Country, 2019 - 2022, USD Million
TABLE 44 North America Blockchain IoT Market by Country, 2023 - 2030, USD Million
TABLE 45 US Blockchain IoT Market, 2019 - 2022, USD Million
TABLE 46 US Blockchain IoT Market, 2023 - 2030, USD Million
TABLE 47 US Blockchain IoT Market by Application, 2019 - 2022, USD Million
TABLE 48 US Blockchain IoT Market by Application, 2023 - 2030, USD Million
TABLE 49 US Blockchain IoT Market by Vertical, 2019 - 2022, USD Million
TABLE 50 US Blockchain IoT Market by Vertical, 2023 - 2030, USD Million
TABLE 51 US Blockchain IoT Market by Component, 2019 - 2022, USD Million
TABLE 52 US Blockchain IoT Market by Component, 2023 - 2030, USD Million
TABLE 53 US Blockchain IoT Market by Organization Size, 2019 - 2022, USD Million
TABLE 54 US Blockchain IoT Market by Organization Size, 2023 - 2030, USD Million
TABLE 55 Canada Blockchain IoT Market, 2019 - 2022, USD Million
TABLE 56 Canada Blockchain IoT Market, 2023 - 2030, USD Million
TABLE 57 Canada Blockchain IoT Market by Application, 2019 - 2022, USD Million
TABLE 58 Canada Blockchain IoT Market by Application, 2023 - 2030, USD Million
TABLE 59 Canada Blockchain IoT Market by Vertical, 2019 - 2022, USD Million
TABLE 60 Canada Blockchain IoT Market by Vertical, 2023 - 2030, USD Million
TABLE 61 Canada Blockchain IoT Market by Component, 2019 - 2022, USD Million
TABLE 62 Canada Blockchain IoT Market by Component, 2023 - 2030, USD Million
TABLE 63 Canada Blockchain IoT Market by Organization Size, 2019 - 2022, USD Million
TABLE 64 Canada Blockchain IoT Market by Organization Size, 2023 - 2030, USD Million
TABLE 65 Mexico Blockchain IoT Market, 2019 - 2022, USD Million
TABLE 66 Mexico Blockchain IoT Market, 2023 - 2030, USD Million
TABLE 67 Mexico Blockchain IoT Market by Application, 2019 - 2022, USD Million
TABLE 68 Mexico Blockchain IoT Market by Application, 2023 - 2030, USD Million
TABLE 69 Mexico Blockchain IoT Market by Vertical, 2019 - 2022, USD Million
TABLE 70 Mexico Blockchain IoT Market by Vertical, 2023 - 2030, USD Million
TABLE 71 Mexico Blockchain IoT Market by Component, 2019 - 2022, USD Million
TABLE 72 Mexico Blockchain IoT Market by Component, 2023 - 2030, USD Million
TABLE 73 Mexico Blockchain IoT Market by Organization Size, 2019 - 2022, USD Million
TABLE 74 Mexico Blockchain IoT Market by Organization Size, 2023 - 2030, USD Million
TABLE 75 Rest of North America Blockchain IoT Market, 2019 - 2022, USD Million
TABLE 76 Rest of North America Blockchain IoT Market, 2023 - 2030, USD Million
TABLE 77 Rest of North America Blockchain IoT Market by Application, 2019 - 2022, USD Million
TABLE 78 Rest of North America Blockchain IoT Market by Application, 2023 - 2030, USD Million
TABLE 79 Rest of North America Blockchain IoT Market by Vertical, 2019 - 2022, USD Million
TABLE 80 Rest of North America Blockchain IoT Market by Vertical, 2023 - 2030, USD Million
TABLE 81 Rest of North America Blockchain IoT Market by Component, 2019 - 2022, USD Million
TABLE 82 Rest of North America Blockchain IoT Market by Component, 2023 - 2030, USD Million
TABLE 83 Rest of North America Blockchain IoT Market by Organization Size, 2019 - 2022, USD Million
TABLE 84 Rest of North America Blockchain IoT Market by Organization Size, 2023 - 2030, USD Million
TABLE 85 Key information – IBM Corporation
TABLE 86 Key Information – Amazon.com, Inc.
TABLE 87 Key Information – Intel Corporation
TABLE 88 key information – Microsoft Corporation
TABLE 89 Key Information – Cisco Systems, Inc.
TABLE 90 key Information – The Linux Foundation
TABLE 91 Key Information – KrypC Technologies
TABLE 92 Key Information – IoTeX
TABLE 93 Key Information – ArcTouch LLC
TABLE 94 Key Information – R3 LLC
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Blockchain IoT Market share by Application, 2022
FIG 6 North America Blockchain IoT Market share by Application, 2030
FIG 7 North America Blockchain IoT Market by Application, 2019 - 2030, USD Million
FIG 8 North America Blockchain IoT Market share by Vertical, 2022
FIG 9 North America Blockchain IoT Market share by Vertical, 2030
FIG 10 North America Blockchain IoT Market by Vertical, 2019 - 2030, USD Million
FIG 11 North America Blockchain IoT Market share by Component, 2022
FIG 12 North America Blockchain IoT Market share by Component, 2030
FIG 13 North America Blockchain IoT Market by Component, 2019 - 2030, USD Million
FIG 14 North America Blockchain IoT Market share by Organization Size, 2022
FIG 15 North America Blockchain IoT Market share by Organization Size, 2030
FIG 16 North America Blockchain IoT Market by Organization Size, 2019 - 2030, USD Million
FIG 17 North America Blockchain IoT Market share by Country, 2022
FIG 18 North America Blockchain IoT Market share by Country, 2030
FIG 19 North America 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