The Blockchain IoT Market size was valued at USD 340.12 Million in 2022 and is expected to grow to USD 12690.35 Million by 2030 and grow at a CAGR of 57.21% over the forecast period of 2023-2030.
The increasing adoption of the integration of blockchain and IoT devices enhances security by enabling decentralized and tamper-proof storage and communication of data. This advancement is expected to drive market growth. Additionally, the growing trend of selectively managing, analyzing, customizing, and sharing data among authorized clients and partners empowers organizations to have greater control and flexibility over their data. This trend is anticipated to significantly boost market growth over the forecast period.
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The Blockchain IoT market is projected to experience significant growth in the coming years. This can be attributed to several key factors, including the increasing implementation of IoT by various industries. As businesses worldwide strive to enhance work efficiency, there is a growing need for IoT security and streamlined processes. These factors will contribute to the market's upward trajectory in the near future. The blockchain IoT market holds immense growth potential in various areas. One such area is the rapid adoption of blockchain services for digital identity.
Drivers
The demand for IoT security is growing rapidly
The widespread use of IoT devices in various applications.
The smart city projects, smart transportation, vehicular connectivity, smart grids, and smart homes. As connectivity increases, IoT devices are increasingly vulnerable to security threats, including Distributed Denial of Service (DDoS) attacks, botnet attacks, and insecure ecosystem interfaces. These security vulnerabilities make it easy for cybercriminals to exploit the security systems of unsecured IoT devices. To address these challenges, blockchain solutions have emerged as a promising solution for IoT security. By creating a decentralized network of IoT devices, blockchain eliminates the need for a central location to handle device communication. This decentralized approach offers several advantages, including strong protection against data tampering and illegal access to IoT devices. One of the key benefits of leveraging blockchain for IoT security is the added layer of security it provides. By storing IoT data on a blockchain, enterprises can ensure robust encryption and transparency, allowing only authorized individuals to access the IoT network. This enhanced security helps protect IoT assets from unauthorized access and tampering. blockchain technology offers a level of transparency that is crucial for IoT security. With blockchain, all transactions and interactions within the IoT network are recorded and stored in a tamper-proof manner. This transparency ensures that any unauthorized activity can be easily detected and traced back to its source.
Restrains
Scalability, processing power, and storage are significant concerns in the realm of technology.
Opportunities
Increased use of IoT solutions based on blockchain that employ AI and smart contracts
Smart contracts are the next enabling technology for innovative IoT applications. They serve as the central component of the next-generation blockchain platforms. Currently, Ethereum stands as the most advanced smart contract-enabled blockchain platform. Smart contracts allow parties to specify terms and conditions, ensuring trust and enforceability of a contract. When combined with blockchain IoT, smart contract technology offers numerous benefits. For instance, Biz4Intellia's Intellia IoT smart contract solution utilizes a powerful combination of blockchain and IoT, incorporating customized smart contracts. These smart contracts eliminate contract manipulation, while sensors attached to goods provide real-time monitoring of information as outlined in the contracts. In the event of breaches, parties are promptly notified. This integration of blockchain, IoT, and smart contracts revolutionizes the way contracts are executed, enhancing transparency, security, and efficiency.
Challenges
Insufficient awareness regarding blockchain-IoT technology is a prevailing issue.
Geopolitical tensions can create an environment of uncertainty, which might make companies more cautious about investing in blockchain and IoT projects that rely on international cooperation and technology partnerships. With heightened tensions between countries, there could be an increased focus on cybersecurity, particularly in IoT, which often involves the exchange of sensitive data. Governments may be more stringent in regulating IoT security, impacting the market and requiring more advanced blockchain-based solutions to secure IoT networks. the use of blockchain technology for supply chain transparency and secure data exchange may become more important in a geopolitically unstable world. Companies may seek blockchain solutions to ensure the integrity of data and transactions. The war can affect the overall economic environment, impacting investment and funding for both blockchain and IoT startups. Economic uncertainty may lead to reduced venture capital and private equity investments in these sectors. Governments may redirect resources toward military and defense spending, potentially reducing investments in technology research and development, including IoT and blockchain initiatives. The financial markets can be sensitive to geopolitical events, causing fluctuations in the valuations of blockchain and IoT companies. Investors may become more risk-averse, impacting the capital available for expansion and innovation.
Impact of Recession
Businesses and organizations may delay or scale back their adoption of blockchain IoT solutions due to budget constraints. They might prioritize essential operational costs over technology investments, including IoT and blockchain. In an economic downturn, price competition can intensify as companies try to maintain or gain market share. This may lead to lower prices for blockchain IoT products and services, which can be a challenge for providers in terms of maintaining profitability. The overall growth rate of the Blockchain IoT market may slow down during a recession. Organizations may be more conservative in their technology investments and expansion plans. Research and development budgets may be trimmed, leading to reduced innovation and slower development of new features and capabilities in blockchain IoT solutions. Governments might introduce new regulations or alter existing ones in response to economic challenges. These regulatory changes can have a direct impact on the deployment of IoT and blockchain solutions. Companies may focus more on cost-saving solutions during a recession, and blockchain IoT can be positioned as a technology that improves operational efficiency and reduces expenses through better data management and automation.
By Component
Hardware
Software and platform
Services
By organization size
Large Enterprises
SMEs
By applications
Smart Contracts
Security
Data Sharing/ Communication
Asset Tracking and Management
Others
By Vertical
Energy and Utilities
Transportation and Logistics
Manufacturing
Building Management
Healthcare
Retail
Wearable and Mobile Devices
Smart City
Others
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The building management segment is expected to increasingly adopt blockchain IoT solutions. By leveraging blockchain technology, smart home devices become immutable and are protected from cyberattacks. Additionally, blockchain enables building owners to securely grant access to specific areas and devices without compromising overall security. This increased marketplace efficiency is particularly advantageous in facility management. Blockchain provides a secure means to automate transactions and transfer data, revolutionizing the way buildings are operated. Through the use of blockchain in automation, facility management services, equipment warranties, indoor occupancy tracking, and space availability can all be efficiently managed. As a result, the building management segment is projected to experience the highest growth rate during the forecast period.
North America dominated the market with the largest revenue share of 35%, and it is projected to experience significant growth in the coming years. This growth can be attributed to the presence of industry leaders like IBM Corporation, Microsoft Corporation, Amazon.com, Inc., and Cisco Systems, Inc. Additionally, North America is at the forefront of embracing cutting-edge technologies such as blockchain and IoT, which are fueling its expansion. On the other hand, the Asia Pacific region is expected to emerge as the fastest-growing market, boasting a high compound annual growth rate (CAGR). Governments in countries like China, Japan, and India have been actively promoting and adopting these technologies. For example, in 2023, the Society for Electronic Transactions and Security (SETS) and the Unique Identification Authority of India (UIDAI) joined forces to conduct research and development in deep tech, encompassing IoT Security, blockchain technology, quantum security, and more. This collaboration is part of the Indian government's "Make in India" initiative, aimed at enhancing capacity and bolstering self-reliance in information security. Such government initiatives are anticipated to drive the demand for technology across the region.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The prominent players in the market are Huawei, Microsoft, Intel, IBM, Amazon Web Services, Helium, SAP, Ethereum Foundation, Cisco, IoTeX, The Linux Foundation, Arctouch, Ambrosus, Waltonchain, Xage, Chronicled, Factom, HYPR, KrypC, Discovery, Iota, Atonomi, R3, and others in final Report.
In May 2022, IBM partnered with Web3 to develop an innovative digital native experience, propelling the advancement of enterprise blockchain. This collaboration aims to create a hybrid enterprise blockchain solution that can empower businesses to achieve novel and impactful outcomes, including enhanced security, privacy, regulatory compliance, and safeguarding competitive advantages. By embracing market adaptability, the company can gain a significant edge over its competitors. Moreover, this cutting-edge solution promises to reduce friction, lower costs, and improve overall efficiency, providing all participating members with a transparent and real-time single source of truth.
In January 2021, IBM partnered with Thai Reinsurance Public Company Limited (Thai Re) to introduce the Insurer Network, a cutting-edge reinsurance smart contract platform powered by IBM blockchain technology on the highly secure IBM Cloud. This collaboration will enable Thai Re to streamline and expedite the processing of reinsurance contracts, all while ensuring the integrity of a single version of truth documentation.
June 2020, Intel entered into a Memorandum of Understanding (MoU) with the ADDA, with the shared objective of propelling digital transformation in Abu Dhabi. Leveraging Intel's Innovation Centre in Dubai and their expertise in AI, video analytics, edge computing, blockchain, IoT, workplace transformation, and Augmented Reality (AR), this partnership aims to drive innovation and support the realization of the Abu Dhabi Vision 2030.
In September 2020, Huawei unveiled an upgraded version of its blockchain-based cloud service, Blockchain Service 2.0 (BCS 2.0). This enhanced platform boasts an impressive performance capability of 50,000 Transactions Per Second (TPS), surpassing the capacities of Bitcoin and Ethereum. Additionally, BCS 2.0 can accommodate over 1,000 nodes, making it suitable for large-scale commercial blockchain networks.
| Report Attributes | Details |
| Market Size in 2022 | US$ 340.12 Mn |
| Market Size by 2030 | US$ 12690.35 Mn |
| CAGR | CAGR of 57.21 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Component (Hardware, Software, and platform, Services) • By organization size (Large Enterprises, SMEs) • By Applications (Smart Contracts, Security, Data Sharing/ Communication, Asset Tracking and Management, Others) • By Vertical (Energy and Utilities, Transportation and Logistics, Manufacturing, Building Management, Healthcare, Retail, Wearable and Mobile Devices, Smart City, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Huawei, Microsoft, Intel, IBM, Amazon Web Services, Helium, SAP, Ethereum Foundation, Cisco, IoTeX, The Linux Foundation, Arctouch, Ambrosus, Waltonchain, Xage, Chronicled, Factom, HYPR, KrypC, Discovery, Iota, Atonomi, R3 |
| Key Drivers | • The demand for IoT security is growing rapidly • The widespread use of IoT devices in various applications. |
| Market Restraints | • Scalability, processing power, and storage are significant concerns in the realm of technology. |
Ans: USD 340.12 Million in 2022 is the market share of the Blockchain IoT Market.
Ans. The CAGR of the Blockchain IoT Market is 57.21 %.
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2. 1 complimentary analyst briefing session of 30 minutes to be provided post-purchase and delivery of the study.
Ans. The forecast period for the Blockchain IoT Market is 2022-2030.
Ans:
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Blockchain IoT Market Segmentation, By Components
8.1 Hardware
8.2 Software and platform
8.3 Services
9. Blockchain IoT Market Segmentation, By Organizational Size
9.1 Small & Medium Enterprises
9.2 Large Enterprises
10. Blockchain IoT Market Segmentation, By Applications
10.1 Smart Contracts
10.2 Security
10.3 Data Sharing/ Communication
10.4 Asset Tracking and Management
10.5 Others
11. Blockchain IoT Market Segmentation, By Vertical
11.1 Energy and Utilities
11.2 Transportation and Logistics
11.3 Manufacturing
11.4 Building Management
11.5 Healthcare
11.6 Retail
11.7 Wearable and Mobile Devices
11.8 Smart City
11.9 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Blockchain IoT Market By Country
12.2.2 North America Blockchain IoT Market By Components
12.2.3 North America Blockchain IoT Market By Organizational Size
12.2.4 North America Blockchain IoT Market By Applications
12.2.5 North America Blockchain IoT Market By Vertical
12.2.6 USA
12.2.6.1 USA Blockchain IoT Market By Components
12.2.6.2 USA Blockchain IoT Market By Organizational Size
12.2.6.3 USA Blockchain IoT Market By Applications
12.2.6.4 USA Blockchain IoT Market By Vertical
12.2.7 Canada
12.2.7.1 Canada Blockchain IoT Market By Components
12.2.7.2 Canada Blockchain IoT Market By Organizational Size
12.2.7.3 Canada Blockchain IoT Market By Applications
12.2.7.4 Canada Blockchain IoT Market By Vertical
12.2.8 Mexico
12.2.8.1 Mexico Blockchain IoT Market By Components
12.2.8.2 Mexico Blockchain IoT Market By Organizational Size
12.2.8.3 Mexico Blockchain IoT Market By Applications
12.2.8.4 Mexico Blockchain IoT Market By Vertical
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Blockchain IoT Market By Country
12.3.1.2 Eastern Europe Blockchain IoT Market By Components
12.3.1.3 Eastern Europe Blockchain IoT Market By Organizational Size
12.3.1.4 Eastern Europe Blockchain IoT Market By Applications
12.3.1.5 Eastern Europe Blockchain IoT Market By Vertical
12.3.1.6 Poland
12.3.1.6.1 Poland Blockchain IoT Market By Components
12.3.1.6.2 Poland Blockchain IoT Market By Organizational Size
12.3.1.6.3 Poland Blockchain IoT Market By Applications
12.3.1.6.4 Poland Blockchain IoT Market By Vertical
12.3.1.7 Romania
12.3.1.7.1 Romania Blockchain IoT Market By Components
12.3.1.7.2 Romania Blockchain IoT Market By Organizational Size
12.3.1.7.3 Romania Blockchain IoT Market By Applications
12.3.1.7.4 Romania Blockchain IoT Market By Vertical
12.3.1.8 Hungary
12.3.1.8.1 Hungary Blockchain IoT Market By Components
12.3.1.8.2 Hungary Blockchain IoT Market By Organizational Size
12.3.1.8.3 Hungary Blockchain IoT Market By Applications
12.3.1.8.4 Hungary Blockchain IoT Market By Vertical
12.3.1.9 Turkey
12.3.1.9.1 Turkey Blockchain IoT Market By Components
12.3.1.9.2 Turkey Blockchain IoT Market By Organizational Size
12.3.1.9.3 Turkey Blockchain IoT Market By Applications
12.3.1.9.4 Turkey Blockchain IoT Market By Vertical
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Blockchain IoT Market By Components
12.3.1.10.2 Rest of Eastern Europe Blockchain IoT Market By Organizational Size
12.3.1.10.3 Rest of Eastern Europe Blockchain IoT Market By Applications
12.3.1.10.4 Rest of Eastern Europe Blockchain IoT Market By Vertical
12.3.2 Western Europe
12.3.2.1 Western Europe Blockchain IoT Market By Country
12.3.2.2 Western Europe Blockchain IoT Market By Components
12.3.2.3 Western Europe Blockchain IoT Market By Organizational Size
12.3.2.4 Western Europe Blockchain IoT Market By Applications
12.3.2.5 Western Europe Blockchain IoT Market By Vertical
12.3.2.6 Germany
12.3.2.6.1 Germany Blockchain IoT Market By Components
12.3.2.6.2 Germany Blockchain IoT Market By Organizational Size
12.3.2.6.3 Germany Blockchain IoT Market By Applications
12.3.2.6.4 Germany Blockchain IoT Market By Vertical
12.3.2.7 France
12.3.2.7.1 France Blockchain IoT Market By Components
12.3.2.7.2 France Blockchain IoT Market By Organizational Size
12.3.2.7.3 France Blockchain IoT Market By Applications
12.3.2.7.4 France Blockchain IoT Market By Vertical
12.3.2.8 UK
12.3.2.8.1 UK Blockchain IoT Market By Components
12.3.2.8.2 UK Blockchain IoT Market By Organizational Size
12.3.2.8.3 UK Blockchain IoT Market By Applications
12.3.2.8.4 UK Blockchain IoT Market By Vertical
12.3.2.9 Italy
12.3.2.9.1 Italy Blockchain IoT Market By Components
12.3.2.9.2 Italy Blockchain IoT Market By Organizational Size
12.3.2.9.3 Italy Blockchain IoT Market By Applications
12.3.2.9.4 Italy Blockchain IoT Market By Vertical
12.3.2.10 Spain
12.3.2.10.1 Spain Blockchain IoT Market By Components
12.3.2.10.2 Spain Blockchain IoT Market By Organizational Size
12.3.2.10.3 Spain Blockchain IoT Market By Applications
12.3.2.10.4 Spain Blockchain IoT Market By Vertical
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Blockchain IoT Market By Components
12.3.2.11.2 Netherlands Blockchain IoT Market By Organizational Size
12.3.2.11.3 Netherlands Blockchain IoT Market By Applications
12.3.2.11.4 Netherlands Blockchain IoT Market By Vertical
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Blockchain IoT Market By Components
12.3.2.12.2 Switzerland Blockchain IoT Market By Organizational Size
12.3.2.12.3 Switzerland Blockchain IoT Market By Applications
12.3.2.12.4 Switzerland Blockchain IoT Market By Vertical
12.3.2.13 Austria
12.3.2.13.1 Austria Blockchain IoT Market By Components
12.3.2.13.2 Austria Blockchain IoT Market By Organizational Size
12.3.2.13.3 Austria Blockchain IoT Market By Applications
12.3.2.13.4 Austria Blockchain IoT Market By Vertical
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Blockchain IoT Market By Components
12.3.2.14.2 Rest of Western Europe Blockchain IoT Market By Organizational Size
12.3.2.14.3 Rest of Western Europe Blockchain IoT Market By Applications
12.3.2.14.4 Rest of Western Europe Blockchain IoT Market By Vertical
12.4 Asia-Pacific
12.4.1 Asia Pacific Blockchain IoT Market By Country
12.4.2 Asia Pacific Blockchain IoT Market By Components
12.4.3 Asia Pacific Blockchain IoT Market By Organizational Size
12.4.4 Asia Pacific Blockchain IoT Market By Applications
12.4.5 Asia Pacific Blockchain IoT Market By Vertical
12.4.6 China
12.4.6.1 China Blockchain IoT Market By Components
12.4.6.2 China Blockchain IoT Market By Organizational Size
12.4.6.3 China Blockchain IoT Market By Applications
12.4.6.4 China Blockchain IoT Market By Vertical
12.4.7 India
12.4.7.1 India Blockchain IoT Market By Components
12.4.7.2 India Blockchain IoT Market By Organizational Size
12.4.7.3 India Blockchain IoT Market By Applications
12.4.7.4 India Blockchain IoT Market By Vertical
12.4.8 Japan
12.4.8.1 Japan Blockchain IoT Market By Components
12.4.8.2 Japan Blockchain IoT Market By Organizational Size
12.4.8.3 Japan Blockchain IoT Market By Applications
12.4.8.4 Japan Blockchain IoT Market By Vertical
12.4.9 South Korea
12.4.9.1 South Korea Blockchain IoT Market By Components
12.4.9.2 South Korea Blockchain IoT Market By Organizational Size
12.4.9.3 South Korea Blockchain IoT Market By Applications
12.4.9.4 South Korea Blockchain IoT Market By Vertical
12.4.10 Vietnam
12.4.10.1 Vietnam Blockchain IoT Market By Components
12.4.10.2 Vietnam Blockchain IoT Market By Organizational Size
12.4.10.3 Vietnam Blockchain IoT Market By Applications
12.4.10.4 Vietnam Blockchain IoT Market By Vertical
12.4.11 Singapore
12.4.11.1 Singapore Blockchain IoT Market By Components
12.4.11.2 Singapore Blockchain IoT Market By Organizational Size
12.4.11.3 Singapore Blockchain IoT Market By Applications
12.4.11.4 Singapore Blockchain IoT Market By Vertical
12.4.12 Australia
12.4.12.1 Australia Blockchain IoT Market By Components
12.4.12.2 Australia Blockchain IoT Market By Organizational Size
12.4.12.3 Australia Blockchain IoT Market By Applications
12.4.12.4 Australia Blockchain IoT Market By Vertical
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Blockchain IoT Market By Components
12.4.13.2 Rest of Asia-Pacific Blockchain IoT Market By Organizational Size
12.4.13.3 Rest of Asia-Pacific Blockchain IoT Market By Applications
12.4.13.4 Rest of Asia-Pacific Blockchain IoT Market By Vertical
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Blockchain IoT Market By Country
12.5.1.2 Middle East Blockchain IoT Market By Components
12.5.1.3 Middle East Blockchain IoT Market By Organizational Size
12.5.1.4 Middle East Blockchain IoT Market By Applications
12.5.1.5 Middle East Blockchain IoT Market By Vertical
12.5.1.6 UAE
12.5.1.6.1 UAE Blockchain IoT Market By Components
12.5.1.6.2 UAE Blockchain IoT Market By Organizational Size
12.5.1.6.3 UAE Blockchain IoT Market By Applications
12.5.1.6.4 UAE Blockchain IoT Market By Vertical
12.5.1.7 Egypt
12.5.1.7.1 Egypt Blockchain IoT Market By Components
12.5.1.7.2 Egypt Blockchain IoT Market By Organizational Size
12.5.1.7.3 Egypt Blockchain IoT Market By Applications
12.5.1.7.4 Egypt Blockchain IoT Market By Vertical
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Blockchain IoT Market By Components
12.5.1.8.2 Saudi Arabia Blockchain IoT Market By Organizational Size
12.5.1.8.3 Saudi Arabia Blockchain IoT Market By Applications
12.5.1.8.4 Saudi Arabia Blockchain IoT Market By Vertical
12.5.1.9 Qatar
12.5.1.9.1 Qatar Blockchain IoT Market By Components
12.5.1.9.2 Qatar Blockchain IoT Market By Organizational Size
12.5.1.9.3 Qatar Blockchain IoT Market By Applications
12.5.1.9.4 Qatar Blockchain IoT Market By Vertical
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Blockchain IoT Market By Components
12.5.1.10.2 Rest of Middle East Blockchain IoT Market By Organizational Size
12.5.1.10.3 Rest of Middle East Blockchain IoT Market By Applications
12.5.1.10.4 Rest of Middle East Blockchain IoT Market By Vertical
12.5.2. Africa
12.5.2.1 Africa Blockchain IoT Market By Country
12.5.2.2 Africa Blockchain IoT Market By Components
12.5.2.3 Africa Blockchain IoT Market By Organizational Size
12.5.2.4 Africa Blockchain IoT Market By Applications
12.5.2.5 Africa Blockchain IoT Market By Vertical
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Blockchain IoT Market By Components
12.5.2.6.2 Nigeria Blockchain IoT Market By Organizational Size
12.5.2.6.3 Nigeria Blockchain IoT Market By Applications
12.5.2.6.4 Nigeria Blockchain IoT Market By Vertical
12.5.2.7 South Africa
12.5.2.7.1 South Africa Blockchain IoT Market By Components
12.5.2.7.2 South Africa Blockchain IoT Market By Organizational Size
12.5.2.7.3 South Africa Blockchain IoT Market By Applications
12.5.2.7.4 South Africa Blockchain IoT Market By Vertical
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Blockchain IoT Market By Components
12.5.2.8.2 Rest of Africa Blockchain IoT Market By Organizational Size
12.5.2.8.3 Rest of Africa Blockchain IoT Market By Applications
12.5.2.8.4 Rest of Africa Blockchain IoT Market By Vertical
12.6. Latin America
12.6.1 Latin America Blockchain IoT Market By Country
12.6.2 Latin America Blockchain IoT Market By Components
12.6.3 Latin America Blockchain IoT Market By Organizational Size
12.6.4 Latin America Blockchain IoT Market By Applications
12.6.5 Latin America Blockchain IoT Market By Vertical
12.6.6 Brazil
12.6.6.1 Brazil Blockchain IoT Market By Components
12.6.6.2 Brazil Blockchain IoT Market By Organizational Size
12.6.6.3 Brazil Blockchain IoT Market By Applications
12.6.6.4 Brazil Blockchain IoT Market By Vertical
12.6.7 Argentina
12.6.7.1 Argentina Blockchain IoT Market By Components
12.6.7.2 Argentina Blockchain IoT Market By Organizational Size
12.6.7.3 Argentina Blockchain IoT Market By Applications
12.6.7.4 Argentina Blockchain IoT Market By Vertical
12.6.8 Colombia
12.6.8.1 Colombia Blockchain IoT Market By Components
12.6.8.2 Colombia Blockchain IoT Market By Organizational Size
12.6.8.3 Colombia Blockchain IoT Market By Applications
12.6.8.4 Colombia Blockchain IoT Market By Vertical
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Blockchain IoT Market By Components
12.6.9.2 Rest of Latin America Blockchain IoT Market By Organizational Size
12.6.9.3 Rest of Latin America Blockchain IoT Market By Applications
12.6.9.4 Rest of Latin America Blockchain IoT Market By Vertical
13 Company Profile
13.1 Huawei
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Product/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Microsoft.
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Product/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Intel.
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Product/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 IBM.
13.4.1 Company Overview
13.4.2 Financials
13.4.3 Product/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Amazon Web Services.
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Product/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Helium.
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Product/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 SAP.
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Product/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Ethereum Foundation.
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Product/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Cisco.
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Product/Services/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 The Linux Foundation.
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Product/Services/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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