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The global blockchain IoT market size is projected to grow from USD 258 million in 2020 to USD 2,409 million by 2026, at a Compound Annual Growth Rate (CAGR) of 45 1%

Share: New York, March 11, 2021 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report Blockchain IoT Market by Component, Application, Organization Size, Vertical And Region - Global Forecast to 2026 - https://www.reportlinker.com/p05763273/?utm source=GNW • By component, the software and platform segment to grow at a higher CAGR during the forecast period The software for blockchain IoT connects network-based requests placed by users for accessing backend data to the network.The blockchain software components consist of node application, consensus mechanism, virtual machines, and shared ledger. Blockchain helps cumulate technical and business information, fraud detection results, and user behavior data with the rest of the enterprise architecture via real-time demand tools.Software tools help visualize insights for quick and simple data gathering and enhanced predictive capabilities.

Blockchain IoT Market worth $2,409 million by 2026 - Exclusive Report by MarketsandMarkets

Blockchain IoT Market worth $2,409 million by 2026 - Exclusive Report by MarketsandMarkets Blockchain IoT Market by Component (Hardware (IoT Sensors & Crypto-Wallets), Software and Platform, and Services), Application (Smart Contract, Security, and Asset Tracking and Management), Organization Size, Vertical, and Region - Global Forecast to 2026 , published by MarketsandMarkets, the global Blockchain IoT Market size is projected to grow from USD 258 million in 2020 to USD 2,409 million by 2026, at a Compound Annual Growth Rate (CAGR) of 45.1% during the forecast period. The growing need for IoT security, simplified processes supported with transparency and immutability, and high adoption of blockchain-based IoT solutions using smart contracts and AI is expected to surge demand for Blockchain IoT Market globally.

Blockchain IoT Market worth $2,409 million by 2026 - Exclusive Report by MarketsandMarkets™

Blockchain IoT Market worth $2,409 million by 2026 - Exclusive Report by MarketsandMarkets™
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Blockchain IoT Market Will Hit Big Revenues In Future | Microsoft, Intel, Amazon

Blockchain IoT Market Will Hit Big Revenues In Future | Microsoft, Intel, Amazon
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