Market Share of Blockchain IoT Industry
The blockchain IoT market is highly fragmented, with the presence of major players like IBM Corporation, Intel Corporation, Microsoft Corporation, Cisco Systems Inc., and Amazon Inc. Players in the market are adopting strategies such as partnerships, innovations, mergers, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- May 2022 - IBM collaborated with Web3 to create a digital native experience, accelerating and evolving the future of enterprise blockchain. A hybrid enterprise blockchain solution may assist enterprises in achieving new business outcomes, such as fine-grained security, privacy, auditable regulatory compliance, and competitive advantage protection. Adaptability to the market may help the company gain a competitive edge. With decreased friction, cost reductions, and efficiency, a single source of truth is visible to all participating members in near real-time.
- April 2022 - Intel released information on its new Intel Blockscale ASIC. Its application-specific integrated circuit (ASIC) would provide customers with energy-efficient computing for proof-of-work consensus networks, based on years of Intel R&D. The buzz surrounding blockchain technology is growing. It enables decentralized and distributed computing, paving the path for new business models. Intel is developing technologies that can offer an appropriate mix of computing throughput and energy efficiency independent of a customer's operating environment to enable this new era of computing. Intel's decades of research and development in encryption, hashing algorithms, and ultra-low voltage circuits enable blockchain applications to increase their computational capacity without affecting sustainability.
Blockchain IoT Market Leaders
IBM Corporation
Microsoft Corporation
Intel Corporation
Cisco Systems Inc.
Amazon Inc
*Disclaimer: Major Players sorted in no particular order
