Lucintel’s latest market report analyzed that blockchain IoT provides attractive opportunities in various end use industries, such as energy and utility, transportation and logistics, manufacturing, building management, healthcare, retail, wearable and mobile devices, and smart cities. The blockchain IoT market is expected to grow at a CAGR of 70%-72%. In this market, smart contract are the largest segment by application.
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Based on application, the blockchain IoT market is segmented into smart contracts, data security, data communication/sharing, asset tracking and management, and others. The smart contracts segment accounted for the largest share of the market in 2020 because it offers benefits, such as providing security that is superior to traditional contract laws and reducing other transaction costs associated with contracting.
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The blockchain IoT market is marked by the presence of several big and small players. Some of the prominent players offering blockchain IoT include IBM, Microsoft, Intel, Amazon, Cisco Syste, Ethereum Foundation, The Linux Foundation, R3, Filament, and KrypC.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link firstname.lastname@example.org.
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