IoT and Blockchain Market to Hit $10.85 Trillion by 2030 as CAGR Reaches 40.1%
Updated
Updated · openPR · May 15
IoT and Blockchain Market to Hit $10.85 Trillion by 2030 as CAGR Reaches 40.1%
1 articles · Updated · openPR · May 15
$10,850.61 billion is the projected size of the IoT and blockchain market by 2030, according to a new industry report forecasting 40.1% annual compound growth.
40.1% growth is being driven by wider use of decentralized IoT architectures and heavier spending on blockchain-based security, as companies seek stronger data integrity, privacy and resilience.
Smart asset tracking, secure device identity management and smart-contract automation are emerging as key applications, with cloud and on-premise deployments spanning retail, healthcare, manufacturing and BFSI.
Amazon, Google, Microsoft, Verizon, AT&T and IBM are among major companies shaping the sector, while Verizon's Global IoT Orchestration platform illustrates the push toward cross-border device management.
The forecast points to broader convergence between connected devices and distributed ledgers, positioning secure, decentralized IoT ecosystems as a major enterprise technology theme through 2030.
With its 40% growth forecast, are we ignoring the massive energy and complexity costs of merging blockchain with billions of IoT devices?
As decentralized networks rise, are tech and telecom giants facing an existential threat from the IoT-blockchain merger?