Market Forecast by Countries (United States, Canada), By Component (Platforms, Services), By Application (Smart Contracts, Security, Data Sharing/ Communication, Asset Tracking and Management, Other applications), By Organization Size (Small and Medium-sized Enterprises (SMEs), Large Enterprises), By Vertical (Energy and Utilities, Transportation and Logistics, Manufacturing, Building Management, Healthcare, Retail, Wearable and Mobile Devices, Smart City) And Competitive Landscape
Product Code: ETC4621029 | Publication Date: Jul 2023 | Updated Date: Mar 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
North America Blockchain IoT Market report thoroughly covers the market By Countries, By Component, By Application, By Organization Size, and By Vertical. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The blockchain IoT market in North America is expected to reach a projected revenue of USD 3,826.7 million by 2031 and register a compound annual growth rate of 7.1% from 2025 to 2031. The North America bleaching chemicals market is expected to grow at a steady pace in the coming years, driven by various factors such as increasing demand for bleaching agents in industries like pulp and paper, textile, and water treatment.
North America Blockchain IoT Market is on its upward trajectory. This emerging market is leveraging blockchain technology to enhance Internet of Things (IoT) applications, offering innovative solutions to issues related to security, transparency, and efficiency. With North America's rapidly expanding internet penetration and mobile connectivity, blockchain IoT solutions are poised to transform various sectors, including agriculture, healthcare, and supply chain logistics, by providing a secure and immutable platform to streamline operations and foster trust among stakeholders.
According to 6Wresearch, the North America Blockchain IoT Market size is expected to grow exponentially, reaching a CAGR of 7.1% during the forecast period of 2025-2031. The growth is driven by various factors including the increasing demand for enhanced security in IoT applications and the need for streamlined processes across supply chains. Apart from this, the integration of blockchain technology with IoT devices to ensure tamper-proof data exchange and the utilization of smart contracts for automating processes are one of the key trends in the market. However, the North America Blockchain IoT Market Growth is deterred by lack of technological infrastructure in certain regions and concerns over data privacy and security. Nonetheless, the government initiatives aimed at digitizing economies and the growing interest in smart agriculture practices, which require sophisticated IoT solutions presents various opportunities for the market. The evolution of 5G technology also promises to bolster the Blockchain IoT market by enabling faster and more reliable internet connections for IoT devices.
The North America Blockchain IoT market is witnessing a growing trend of collaborations and partnerships among key players to offer comprehensive solutions to clients. For instance, in February 2021, IBM partnered with Chainyard and Salesforce to create a blockchain-based digital vaccine passport solution called "The Vaccine Credential Initiative". This initiative aims to provide secure and standardized proof of COVID-19 vaccination for individuals. Similarly, in October 2019, Microsoft collaborated with Walgreens Boots Alliance Inc. to develop a platform using blockchain technology for tracking prescription drugs.
The North America Blockchain IoT market presents lucrative investment opportunities for stakeholders, particularly in the areas of smart agriculture, supply chain logistics, and healthcare. The increasing adoption of blockchain technology in these sectors to address issues related to transparency, traceability, and data security is expected to drive significant growth in the market. Additionally, investments in research and development to enhance the capabilities of blockchain IoT solutions can also lead to high returns on investment.
Some of the leading players in the North America Blockchain IoT market include IBM Corporation, Microsoft Corporation, Intel Corporation, Cisco Systems Inc., and Cognizant Technology Solutions. These players are focusing on strategic partnerships and collaborations to enhance their product offerings and expand their market share in the region. Additionally, investments in research and development to stay ahead of emerging trends is also a key strategy adopted by these companies.
The North America Blockchain IoT market is largely driven by government initiatives and regulations that promote the adoption of blockchain technology. In the United States, there are various federal and state-level policies in place to encourage the use of blockchain for different applications. For instance, the U.S. Department of Commerce has set up a Blockchain Working Group to explore the potential uses of this technology in various sectors and provide recommendations for its adoption. Such support from government bodies is expected to boost the growth of the North America Blockchain IoT market.
The North America Blockchain IoT market is expected to witness significant growth in the coming years, driven by the increasing adoption of blockchain technology across various industries and government support for its implementation. The integration of 5G technology with IoT devices is also expected to provide further opportunities for market growth. Additionally, collaborations and partnerships among key players are likely to result in the development of innovative solutions, further propelling the market's growth. With the potential to address issues related to security, transparency, and efficiency, blockchain IoT solutions are poised to transform business operations in North America and drive economic growth. Overall, the future looks promising for the North America Blockchain IoT market as it continues on its upward trajectory.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
The United States is expected to dominate the North America Blockchain IoT market, owing to its advanced technological infrastructure and high adoption rate of blockchain technology. Additionally, the presence of key players in the country also contributes to its dominant position in the market.
In terms of components, the platform segment is expected to dominate the North America Blockchain IoT market, owing to its crucial role in enabling secure and efficient data exchange between IoT devices.
According to Dhaval, Research Manager, 6Wresearch, the Asset Tracking and Management is expected to dominate the North America Blockchain IoT Market Share due to the increasing need for transparency and efficiency in the supply chain across various sectors.
The large enterprise segment is expected to dominate the North America Blockchain IoT market, driven by their high adoption rate of advanced technologies and greater resources to invest in blockchain IoT solutions.
By Vertical, the Smart City is experiencing remarkable growth in the Blockchain IoT market in North America. This growth is due to the need for better supply chain transparency, efficient resource management, and the enhancement of food security.
The report offers a comprehensive study of the subsequent market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Blockchain IoT Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Blockchain IoT Market Revenues & Volume, 2021 & 2031F |
3.3 North America Blockchain IoT Market - Industry Life Cycle |
3.4 North America Blockchain IoT Market - Porter's Five Forces |
3.5 North America Blockchain IoT Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Blockchain IoT Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.7 North America Blockchain IoT Market Revenues & Volume Share, By Application , 2021 & 2031F |
3.8 North America Blockchain IoT Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
3.9 North America Blockchain IoT Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 North America Blockchain IoT Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Blockchain IoT Market Trends |
6 North America Blockchain IoT Market, 2021 - 2031 |
6.1 North America Blockchain IoT Market, Revenues & Volume, By Component , 2021 - 2031 |
6.2 North America Blockchain IoT Market, Revenues & Volume, By Application , 2021 - 2031 |
6.3 North America Blockchain IoT Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
6.4 North America Blockchain IoT Market, Revenues & Volume, By Vertical, 2021 - 2031 |
7 United States Blockchain IoT Market, 2021 - 2031 |
7.1 United States Blockchain IoT Market, Revenues & Volume, By Component , 2021 - 2031 |
7.2 United States Blockchain IoT Market, Revenues & Volume, By Application , 2021 - 2031 |
7.3 United States Blockchain IoT Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
7.4 United States Blockchain IoT Market, Revenues & Volume, By Vertical, 2021 - 2031 |
8 Canada Blockchain IoT Market, 2021 - 2031 |
8.1 Canada Blockchain IoT Market, Revenues & Volume, By Component , 2021 - 2031 |
8.2 Canada Blockchain IoT Market, Revenues & Volume, By Application , 2021 - 2031 |
8.3 Canada Blockchain IoT Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
8.4 Canada Blockchain IoT Market, Revenues & Volume, By Vertical, 2021 - 2031 |
9 North America Blockchain IoT Market Key Performance Indicators |
10 North America Blockchain IoT Market - Opportunity Assessment |
10.1 North America Blockchain IoT Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Blockchain IoT Market Opportunity Assessment, By Component , 2021 & 2031F |
10.3 North America Blockchain IoT Market Opportunity Assessment, By Application , 2021 & 2031F |
10.4 North America Blockchain IoT Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
10.5 North America Blockchain IoT Market Opportunity Assessment, By Vertical, 2021 & 2031F |
11 North America Blockchain IoT Market - Competitive Landscape |
11.1 North America Blockchain IoT Market Revenue Share, By Companies, 2024 |
11.2 North America Blockchain IoT Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |