How Big Is the Blockchain Iot Market | Segmentation & Growth Analysis 2031

Q: How big is the blockchain IoT market?

The blockchain market was estimated at USD 849 million in 2024 and is predicted to be USD 4.8 billion by 2031.

Q: What industries are driving blockchain IoT adoption?

Manufacturing, logistics, energy, automotive, and healthcare sectors are driving the market.

Q: What are the key benefits of using blockchain with IoT?

Enhanced security, transparency, device authentication, and data accuracy are the benefits of market.

Q: What are the main challenges in the blockchain IoT market?

Scalability of blockchain networks, energy consumption, and integration complexity with existing IoT infrastructure are challenges in the market.

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6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA5099

Publication Date: Jul 2025

What is the size of the Blockchain IoT Market?

According to 6Wresearch internal database and industry insights, the Blockchain IoT Market was demonstrated approximately USD 849 million in 2024 and is predicted to be USD 4.8 billion by 2031, growing at a CAGR of 19.6% during the forecast period 2025–2031.

Due to growing demand for secure, decentralized data exchange among IoT devices and enhanced traceability across connected systems, the market is expected to rise rapidly in the forthcoming years.

Key Growth Factors of the Blockchain IoT Market

Rising adoption of IoT across industries requiring secure data communication
Increasing concerns over IoT security and data tampering
Rising demand for automated device identification and data validation
Integration of blockchain with edge computing and 5G
Developments of smart cities, connected vehicles, and industrial automation

Blockchain IoT Market Trends

There are few notable trends in the blockchain IoT market which include decentralized device authentication using blockchain. Alongside, the rise of token-based IoT data marketplaces, and smart contract-based automation of M2M (machine-to-machine) interactions. Aside from these, the IoT-blockchain platforms are being explored for logistics, energy management, agriculture, and healthcare to ensure transparency and data integrity.

Emerging Developments in the Blockchain IoT Market

Blockchain IoT market is noticing new developments in the feature such as the lightweight blockchain protocols designed for low-power IoT devices, blockchain-based firmware updates, and integration with digital twins for real-time monitoring. Now, the enterprises are deploying hybrid blockchain models to balance security, scalability, and latency in smart environments. Further, the privacy-preserving blockchain solutions are also gaining momentum for consumer IoT.