Home > Blossary: For blockchain IoT, North America is major contributor among all regions, hold largest market size in next 5 years
[143 Pages Report] The blockchain IoT market is projected to grow from USD 113.1 million in 2019 to USD 3,021 million by 2024; it is expected to grow at a CAGR of 92.92% during the forecast period. Major factors driving the market growth are increasing adoption of IoT, growing need for IoT security, simplifying business processes and affording transparency and immutability, and increasing focus on operational efficiency. Further, underlying opportunities for the blockchain IoT market include higher adoption of blockchain solutions for smart contracts and digital identity and rising government initiatives. https://www.marketsandmarkets.com/Market-Reports/blockchain-iot-market-168941858.html

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