Middle East & Africa Blockchain Iot Market Size & Outlook
The blockchain iot market in Middle East & Africa is expected to reach a projected revenue of US$ 1,268.0 million by 2030. A compound annual growth rate of 61.1% is expected of Middle East & Africa blockchain iot market from 2024 to 2030.
- Enterprise Technology & Automation
- Cybersecurity & Digital Risk
- Blockchain IoT Market Outlook
- Cybersecurity & Digital Risk
Revenue, 2023 (US$M)
$45.1
Forecast, 2030 (US$M)
$1,268.0
CAGR, 2024 - 2030
61.1%
Report Coverage
Middle East & Africa
Middle East Africa Blockchain Iot Market, 2018-2030 (US$M)
Global Market
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MEA blockchain iot market highlights
- The MEA blockchain iot market generated a revenue of USD 45.1 million in 2023.
- The market is expected to grow at a CAGR of 61.1% from 2024 to 2030.
- In terms of segment, software & platform was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 45.1 million |
| Market revenue in 2030 | USD 1,268.0 million |
| Growth rate | 61.1% (CAGR from 2023 to 2030) |
| Largest segment | Software & platform |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software & Platform, Services |
| Key market players worldwide | Intel Corp, International Business Machines Corp, Microsoft Corp, Cisco Systems Inc, Amazon.com Inc, WPP PLC, The Linux Foundation, KrypC, IoTeX, R3, Chronicled |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.8% of the global blockchain iot market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,636.0 million by 2030.
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Blockchain IoT Market Scope
Blockchain IoT Market segmentation & scope
Blockchain IoT Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Amazon.com Inc | View profile | 1,525,000 | 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 | www.amazon.com |
| Intel Corp | View profile | 124,800 | 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 | www.intel.com |
| International Business Machines Corp | View profile | 282,200 | One New Orchard Road, Armonk, NY, United States, 10504 | www.ibm.com |
| Microsoft Corp | View profile | 221,000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | www.microsoft.com |
| Cisco Systems Inc | View profile | 84,900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | www.cisco.com |
| WPP PLC | View profile | 114,173 | 18 Upper Ground, Sea Containers, London, United Kingdom, SE1 9GL | www.wpp.com |
| The Linux Foundation | View profile | 51-100 | San Francisco, California, United States, North America | www.linux.com/ |
| KrypC | View profile | 51-100 | Bangalore, Karnataka, India, Asia | www.krypc.com |
| IoTeX | View profile | 51-100 | Houston, Texas, United States, North America | iotex.io/ |
| R3 | View profile | 101-250 | New York, New York, United States, North America | r3.com |
Middle East & Africa Blockchain IoT Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Blockchain IoT Market Outlook will help companies and investors design strategic landscapes.
Software & Platform was the largest segment with a revenue share of 51.66% in 2023.
Horizon Databook has segmented the Middle East & Africa blockchain iot market based on hardware, software & platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Blockchain Iot Market Component Outlook (Revenue, USD Million , 2018-2030)
- Hardware
- Software & Platform
- Services
- Middle East & Africa Blockchain Iot Market Application Outlook (Revenue, USD Million , 2018-2030)
- Data Security
- Smart Contracts
- Asset Tracking & Management
- Others(real-time workforce tracking and workforce management)
- Middle East & Africa Blockchain Iot Market Vertical Outlook (Revenue, USD Million , 2018-2030)
- Transportation and Logistics
- Manufacturing
- Healthcare
- Retail
- Consumer Electronics
- Construction
- Other Verticals ( f&b, pharma, mining, agriculture, constr & real state)
- Middle East & Africa Blockchain Iot Market Organization Size Outlook (Revenue, USD Million , 2018-2030)
- Small and Medium Sized Enterprise
- Large Enterprise
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa Blockchain IoT Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Blockchain IoT Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Middle East Africa Blockchain Iot Market, 2018-2030 (US$M)
MEA blockchain iot market statistics, by component, 2018-2030 (US$M)
