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The global blockchain IoT market size is expected to reach USD 12,679.5 Million by 2030, growing at a CAGR of 58.2% from 2023 to 2030. The rising adoption of decentralized applications (dApps) in the blockchain IoT industry is expected to drive market growth. By combining the advantages of blockchain and IoT, these dApps introduce innovative solutions that significantly improve security, transparency, and operational efficiency across various industries. The software & platform component segment accounted for the largest market share of 51.6% in 2022, while the smart contracts application segment accounted for the largest revenue share of 30.7%. North America accounted for the largest revenue share of 34.6% in 2022.
