Blockchain for IoT Market set to reach USD 12.32 billion by 2030

According to Next Move Strategy Consulting, The global Blockchain for IoT Market is predicted to reach USD 12.32 billion expanding at a CAGR of 46.5% till 2030.

The increasing demand for blockchain technology is due to its exceptional applications such as asset tracking & management across a range of industries including building management, food and beverage, and automotive.

Asia Pacific held the lion’s share in the blockchain for IoT market in 2021 and is expected to maintain its dominance during the forecast period.

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