Global Blockchain IoT Market to Reach $14.9 Billion by 2030
The global market for Blockchain IoT estimated at US$1.5 Billion in the year 2023, is expected to reach US$14.9 Billion by 2030, growing at a CAGR of 38.6% over the analysis period 2023-2030. Blockchain IoT Software & Platform, one of the segments analyzed in the report, is expected to record a 38.5% CAGR and reach US$10.2 Billion by the end of the analysis period. Growth in the Blockchain IoT Services segment is estimated at 37.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $507.7 Million, While China is Forecast to Grow at 35.9% CAGR
The Blockchain IoT market in the U.S. is estimated at US$507.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2030 trailing a CAGR of 35.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 34.3% and 32.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 25.6% CAGR.
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