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    UK Blockchain Iot Market

    ID: MRFR/ICT/63499-HCR
    200 Pages
    Aarti Dhapte
    October 2025

    UK Blockchain IoT Market Research Report By Application (Supply Chain Management, Healthcare, Smart Cities, Energy Management, Agriculture), By Technology (Public Blockchain, Private Blockchain, Hybrid Blockchain, Blockchain as a Service, Permissioned Blockchain), By End Use (Industrial, Commercial, Residential, Government, Transportation), and By Connectivity (Wireless Connectivity, Wired Connectivity, Bluetooth Connectivity, Cellular Connectivity, LPWAN Connectivity)- Forecast to 2035

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    UK Blockchain Iot Market Summary

    As per MRFR analysis, the UK Blockchain IoT Market Size was estimated at 55.2 USD Million in 2024. The UK Blockchain IoT Market is projected to grow from 79.36 USD Million in 2025 to 2993.5 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 43.77% during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The UK Blockchain IoT Market is poised for substantial growth driven by security and efficiency demands.

    • The largest segment in the UK blockchain IoT market is expected to be the supply chain management sector, while the fastest-growing segment is anticipated to be smart cities.
    • Enhanced security protocols are becoming increasingly critical as organizations seek to protect sensitive data in IoT applications.
    • Interoperability solutions are gaining traction, facilitating seamless communication between diverse IoT devices and blockchain networks.
    • Rising demand for transparency and cost efficiency through automation are key drivers propelling the market forward.

    Market Size & Forecast

    2024 Market Size 55.2 (USD Million)
    2035 Market Size 2993.5 (USD Million)

    Major Players

    IBM (US), Microsoft (US), Amazon (US), Cisco (US), Oracle (US), SAP (DE), VeChain (CN), IOTA Foundation (DE), Waltonchain (CN)

    UK Blockchain Iot Market Trends

    The Blockchain IoT Market is currently experiencing a transformative phase., driven by the increasing demand for secure and efficient data management solutions. This market leverages the unique capabilities of blockchain technology to enhance the security and interoperability of IoT devices. As organizations seek to mitigate risks associated with data breaches and unauthorized access, the integration of blockchain into IoT systems appears to offer a promising solution. Furthermore, the growing emphasis on data privacy regulations is likely to propel the adoption of blockchain-based frameworks, as they provide enhanced transparency and traceability in data transactions. In addition, the blockchain iot market is witnessing a surge in innovative applications across various sectors, including supply chain management, healthcare, and smart cities. The potential for real-time data sharing and improved operational efficiency is driving interest among businesses looking to optimize their processes. Moreover, collaborations between technology providers and industry stakeholders are fostering the development of tailored solutions that address specific challenges within the IoT ecosystem. As the landscape evolves, it seems that the blockchain iot market will continue to expand, offering new opportunities for growth and innovation.

    Enhanced Security Protocols

    The integration of blockchain technology into IoT systems is likely to bolster security measures. By utilizing decentralized ledgers, devices can authenticate transactions and share data securely, reducing vulnerabilities associated with centralized systems.

    Interoperability Solutions

    Blockchain technology appears to facilitate interoperability among diverse IoT devices. This capability enables seamless communication and data exchange, which is essential for creating cohesive networks that enhance operational efficiency.

    Regulatory Compliance and Data Privacy

    The Blockchain IoT Market may benefit from the increasing focus on regulatory compliance. As data privacy laws become more stringent, blockchain solutions offer mechanisms for ensuring data integrity and user consent, aligning with legal requirements.

    UK Blockchain Iot Market Drivers

    Rising Demand for Transparency

    The blockchain iot market is experiencing a notable surge in demand for transparency across various sectors. This demand is driven by the increasing need for traceability in supply chains, particularly in industries such as food and pharmaceuticals. In the UK, businesses are seeking solutions that can provide real-time visibility into their operations, thereby enhancing trust among consumers. The integration of blockchain technology with IoT devices allows for immutable records of transactions and product journeys, which can potentially reduce fraud and errors. As a result, the Blockchain IoT Market is projected to grow significantly., with estimates suggesting a compound annual growth rate (CAGR) of over 30% in the coming years.

    Enhanced Data Security Measures

    Data security remains a paramount concern for businesses operating in the blockchain iot market. The increasing frequency of cyber threats has prompted organizations to seek robust security solutions. Blockchain technology, with its decentralized nature, offers enhanced security features that protect sensitive data from unauthorized access. In the UK, companies are investing in blockchain-based IoT solutions to safeguard their data and maintain customer trust. The market for these security solutions is expected to expand, with projections indicating a growth rate of approximately 20% annually. This focus on security is likely to drive further adoption of blockchain technology within the IoT landscape.

    Increased Focus on Sustainability

    Sustainability is emerging as a pivotal driver in the blockchain iot market, particularly in the context of environmental concerns. The UK is witnessing a growing emphasis on sustainable practices, and blockchain technology offers innovative solutions for tracking and managing resources efficiently. By leveraging IoT devices, companies can monitor energy consumption, waste management, and carbon footprints in real-time. This capability not only aids in compliance with environmental regulations but also enhances corporate social responsibility initiatives. The Blockchain IoT Market is likely to benefit from this trend., as organizations strive to meet sustainability goals while improving operational efficiency.

    Cost Efficiency through Automation

    Cost efficiency is becoming a critical driver in the blockchain iot market, as businesses look to automate processes and reduce operational expenses. The integration of blockchain with IoT devices enables automated data collection and processing, which can lead to substantial savings. In the UK, companies are increasingly adopting these technologies to streamline their operations, reduce manual errors, and enhance productivity. Reports indicate that organizations implementing blockchain solutions in conjunction with IoT can achieve cost reductions of up to 25%. This trend is likely to continue, as more businesses recognize the financial benefits of adopting blockchain technology within their IoT frameworks.

    Government Initiatives and Support

    Government initiatives play a crucial role in shaping the blockchain iot market. In the UK, various governmental bodies are actively promoting the adoption of blockchain technology to enhance innovation and competitiveness. Initiatives aimed at fostering research and development in this field are likely to stimulate growth. The UK government has allocated funding for projects that explore the integration of blockchain with IoT, which could lead to advancements in various sectors, including healthcare and logistics. This support is expected to create a conducive environment for the blockchain iot market, encouraging more businesses to explore these technologies.

    Market Segment Insights

    By Application: Supply Chain Management (Largest) vs. Agriculture (Fastest-Growing)

    In the UK blockchain iot market, Supply Chain Management holds the largest share among application segments, driven by its critical need for transparency and efficiency in logistics. Other segments such as Healthcare, Smart Cities, and Energy Management are also crucial but account for a smaller proportion of the market. Agriculture is gaining traction, emerging as a vital application area as more stakeholders recognize the potential of blockchain technology to improve traceability and productivity. The growth trends in the UK blockchain iot market indicate a significant push towards integration in Agriculture, making it the fastest-growing segment. Several factors contribute to this boom, including the rising demand for food safety, the need to combat fraud, and the push for sustainable farming practices. Supply Chain Management continues to see steady growth through advancements in technology and the increased adoption of IoT solutions, signaling a robust future for these applications.

    Supply Chain Management (Dominant) vs. Agriculture (Emerging)

    Supply Chain Management remains the dominant force in the UK blockchain iot market, facilitating real-time tracking and enhancing supply chain integrity. This application benefits from streamlined operations, reducing inefficiencies and ensuring compliance with regulations. In contrast, Agriculture represents an emerging opportunity within the market. It leverages blockchain to enhance transparency and address challenges like food traceability and sustainability. Farmers and producers are adopting IoT integrations to optimize resource use and improve crop yields, indicative of a significant shift towards tech-driven agriculture. The interplay between these two segments illustrates a competitive yet complementary landscape, with supply chain advancements paving the way for agricultural innovation.

    By Technology: Public Blockchain (Largest) vs. Private Blockchain (Fastest-Growing)

    In the UK blockchain iot market, Public Blockchain holds the largest market share among the various segment values, accounting for a significant portion of the overall landscape. This segment's openness, transparency, and wide applicability in various sectors like supply chain management and smart contracts attract a diverse range of users, thereby solidifying its prominent position. Conversely, Private Blockchain is witnessing rapid growth, propelled by increasing demand for data privacy, enhanced security, and specific use cases in enterprises which prefer a controlled environment for their blockchain applications. Growth trends in the UK blockchain iot market reveal a strong inclination towards Hybrid Blockchain and Blockchain as a Service models as well. Hybrid Blockchain, which combines the benefits of both public and private blockchains, is gaining traction due to its flexibility. Moreover, Blockchain as a Service is emerging as a pivotal player, as it allows businesses to leverage blockchain technology without the need for extensive in-house infrastructure, thus accelerating adoption across various industries. Innovation and the proactive approach of key players are critical drivers fueling this growth.

    Technology: Public Blockchain (Dominant) vs. Private Blockchain (Emerging)

    Public Blockchain is characterized by its decentralized nature and indiscriminate accessibility, making it a cornerstone for applications like cryptocurrencies and decentralized applications (DApps). Its open-source framework fosters community engagement and innovation, enabling extensive collaboration among developers. On the other hand, Private Blockchain offers a controlled environment, appealing to enterprises that prioritize confidentiality and security. This segment is particularly attractive for organizations in regulated industries, as it allows them to harness blockchain benefits while retaining governance over data and transactions. The emergence of Private Blockchain highlights a shift towards more tailored solutions in a secure ecosystem, reflecting the diverse needs of users in the UK blockchain iot market.

    By End Use: Industrial (Largest) vs. Commercial (Fastest-Growing)

    The distribution of market share among the segment values in the UK blockchain iot market reveals that Industrial applications hold the largest share, primarily driven by the increasing demand for automation and efficiency in manufacturing processes. On the other hand, the Commercial segment is gaining traction, leveraging blockchain technology for improved supply chain transparency and enhanced customer experience. Growth trends in the UK blockchain iot market indicate that the Commercial segment is the fastest-growing, fueled by a surge in e-commerce and digital transactions. Meanwhile, the Industrial segment continues to evolve with advancements in IoT integration, which enhances data security and operational visibility. These developments contribute to a robust competitive landscape, attracting investments and innovative collaborations across sectors.

    Industrial (Dominant) vs. Commercial (Emerging)

    The Industrial segment in the UK blockchain iot market is characterized by its strong foothold in manufacturing and production environments, where the need for secure and transparent operations is paramount. Companies are increasingly adopting IoT solutions combined with blockchain to enhance traceability and reduce operational risks. On the contrary, the Commercial segment is rising rapidly, tapping into the potential of blockchain for streamlining transactions and improving customer trust. This emerging category is focused on applications like smart contracts and decentralized finance, showcasing how blockchain can transform traditional business models and enhance operational efficiency.

    By Connectivity: Wireless Connectivity (Largest) vs. Cellular Connectivity (Fastest-Growing)

    In the UK blockchain iot market, Wireless Connectivity represents the largest share among the various connectivity options, providing robust and reliable communication channels for IoT devices. This segment benefits from the increasing demand for seamless data transfer and low-latency communication, allowing numerous devices to connect simultaneously. On the other hand, Cellular Connectivity is witnessing rapid growth, driven by advancements in mobile network technologies and the increasing adoption of 5G solutions, which enhance the performance and reliability of IoT applications. The growth trends in the connectivity segment are significantly influenced by the rising importance of robust connectivity solutions for IoT ecosystems. The shift towards smart cities, industrial automation, and enhanced consumer experiences is propelling the adoption of Cellular Connectivity as businesses seek to leverage its capabilities. Additionally, the emergence of advanced technologies such as LPWAN and Bluetooth Connectivity is further diversifying options, catering to niche markets and specialized use cases, thereby fostering a competitive landscape in the connectivity segment.

    Wireless Connectivity (Dominant) vs. Cellular Connectivity (Emerging)

    Wireless Connectivity is a dominant force in the UK blockchain iot market, characterized by its ability to support multiple devices without the constraints of physical connections. This flexibility makes it ideal for various applications, including smart home systems, wearables, and large-scale industrial operations. Its extensive deployment and proven reliability enable it to maintain a significant market share. Conversely, Cellular Connectivity, while emerging, is rapidly gaining traction thanks to the rollout of advanced mobile networks, particularly 5G. This segment is characterized by high-speed data transmission and extensive coverage, making it increasingly relevant for applications that require constant connectivity and high bandwidth, such as real-time monitoring and autonomous vehicles. As both segments evolve, their interplay will shape the future of connectivity in the blockchain IoT landscape.

    Get more detailed insights about UK Blockchain Iot Market

    Key Players and Competitive Insights

    The blockchain IoT market is currently characterized by a dynamic competitive landscape, driven by rapid technological advancements and increasing demand for secure, efficient data management solutions. Major players such as IBM (US), Microsoft (US), and Oracle (US) are strategically positioning themselves through innovation and partnerships, which collectively shape the competitive environment. IBM (US) focuses on integrating blockchain with IoT to enhance supply chain transparency, while Microsoft (US) emphasizes its Azure platform to facilitate seamless IoT and blockchain integration. Oracle (US) is leveraging its cloud infrastructure to provide robust solutions that cater to various industries, indicating a trend towards comprehensive service offerings that enhance operational efficiency.

    Key business tactics within this market include localizing manufacturing and optimizing supply chains to meet regional demands. The competitive structure appears moderately fragmented, with several key players exerting influence over market dynamics. This fragmentation allows for niche players to emerge, fostering innovation and competition. The collective influence of these major companies is significant, as they drive technological advancements and set industry standards.

    In October 2025, IBM (US) announced a partnership with a leading logistics firm to implement a blockchain-based IoT solution aimed at improving shipment tracking and reducing fraud. This strategic move underscores IBM's commitment to enhancing supply chain transparency and efficiency, which is increasingly vital in today's global market. The collaboration is expected to streamline operations and provide real-time data access, thereby enhancing decision-making processes.

    In September 2025, Microsoft (US) launched a new initiative focused on integrating AI with its blockchain IoT solutions, aiming to provide predictive analytics capabilities for businesses. This initiative reflects a growing trend towards the convergence of AI and blockchain technologies, which could potentially revolutionize how data is processed and utilized in IoT applications. By enhancing its offerings, Microsoft positions itself as a leader in the digital transformation of industries.

    In August 2025, Oracle (US) expanded its blockchain cloud services to include enhanced IoT capabilities, allowing businesses to better manage their assets and data flows. This expansion is indicative of Oracle's strategy to provide comprehensive solutions that address the complexities of modern supply chains. By integrating IoT with blockchain, Oracle aims to offer clients improved security and efficiency, which are critical in maintaining competitive advantage.

    As of November 2025, current competitive trends in the blockchain IoT market are heavily influenced by digitalization, sustainability, and AI integration. Strategic alliances are increasingly shaping the landscape, as companies recognize the need for collaboration to drive innovation. The shift from price-based competition to a focus on technological advancement and supply chain reliability is evident. Moving forward, competitive differentiation will likely evolve, emphasizing the importance of innovative solutions and robust partnerships to navigate the complexities of the market.

    Industry Developments

    Vodafone stated in July 2025 that it would introduce its own Internet of Things (IoT) platform by the end of the month with the goal of creating new intelligent services for public administrations and companies. Using Vodafone's vast NB-IoT network, the platform will improve areas including water cycle management, telecare, urban management, and logistics.

    Google's UK-based AI subsidiary DeepMind received recognition in June 2025 for its blockchain security AI research, which focuses on improving blockchain technologies. Everledger, a digital transparency startup based in the UK, was highlighted in Forbes Fintech 50 in May 2025 for its creative use of blockchain technology to track the origin of expensive items like diamonds.

    Accenture extended its Web3 and blockchain offerings in April 2025, emphasizing breakthroughs in the metaverse and digital trust to help organizations prepare for the future. IBM unveiled blockchain technologies in March 2025 to support IoT applications and other technology efforts.

    Microsoft revealed developments in blockchain solutions in February 2025, which helped spur technological improvements in Internet of Things applications. Dell Technologies highlighted developments in blockchain technologies in January 2025, which helped spur technological improvements in Internet of Things applications.

    The IOTA Foundation's dedication to blockchain and IoT applications was demonstrated in December 2024 when it was chosen as one of seven contractors by the European Blockchain Partnership to provide pan-European blockchain services.

    UK Blockchain IoT

    Future Outlook

    UK Blockchain Iot Market Future Outlook

    The blockchain IoT market is projected to grow at a 43.77% CAGR from 2024 to 2035, driven by increased demand for secure data sharing and automation.

    New opportunities lie in:

    • Development of decentralized supply chain management solutions.
    • Integration of blockchain with smart city infrastructure.
    • Creation of IoT-enabled energy management systems for businesses.

    By 2035, the market is expected to be a cornerstone of technological innovation and efficiency.

    Market Segmentation

    UK Blockchain Iot Market End Use Outlook

    • Industrial
    • Commercial
    • Residential
    • Government
    • Transportation

    UK Blockchain Iot Market Technology Outlook

    • Public Blockchain
    • Private Blockchain
    • Hybrid Blockchain
    • Blockchain as a Service
    • Permissioned Blockchain

    UK Blockchain Iot Market Application Outlook

    • Supply Chain Management
    • Healthcare
    • Smart Cities
    • Energy Management
    • Agriculture

    UK Blockchain Iot Market Connectivity Outlook

    • Wireless Connectivity
    • Wired Connectivity
    • Bluetooth Connectivity
    • Cellular Connectivity
    • LPWAN Connectivity

    Report Scope

    MARKET SIZE 202455.2(USD Million)
    MARKET SIZE 202579.36(USD Million)
    MARKET SIZE 20352993.5(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR)43.77% (2024 - 2035)
    REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR2024
    Market Forecast Period2025 - 2035
    Historical Data2019 - 2024
    Market Forecast UnitsUSD Million
    Key Companies Profiled["IBM (US)", "Microsoft (US)", "Amazon (US)", "Cisco (US)", "Oracle (US)", "SAP (DE)", "VeChain (CN)", "IOTA Foundation (DE)", "Waltonchain (CN)"]
    Segments CoveredApplication, Technology, End Use, Connectivity
    Key Market OpportunitiesIntegration of blockchain technology enhances security and transparency in IoT applications across various sectors.
    Key Market DynamicsRising demand for secure data sharing drives innovation in blockchain IoT solutions across various sectors.
    Countries CoveredUK

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    FAQs

    What is the expected market size of the UK Blockchain IoT Market in 2024?

    The UK Blockchain IoT Market is expected to be valued at 195.0 million USD in 2024.

    What will the market size of the UK Blockchain IoT Market be in 2035?

    By 2035, the UK Blockchain IoT Market is projected to reach a value of 1000.0 million USD.

    What is the expected CAGR for the UK Blockchain IoT Market from 2025 to 2035?

    The market is expected to grow at a CAGR of 16.023% from 2025 to 2035.

    Which application holds the largest market share in the UK Blockchain IoT Market in 2024?

    In 2024, the Healthcare application holds the largest market share valued at 40.0 million USD.

    What is the projected market value for Supply Chain Management in 2035?

    The Supply Chain Management segment is expected to be valued at 150.0 million USD in 2035.

    Who are some key players in the UK Blockchain IoT Market?

    Key players in the market include Dell Technologies, Accenture, IBM, and Microsoft.

    What is the growth trend for the Energy Management application until 2035?

    The Energy Management application is projected to grow to 250.0 million USD by 2035.

    How much is the Agriculture segment expected to be valued at in 2035?

    The Agriculture segment is anticipated to reach a value of 275.0 million USD by 2035.

    What is the expected market size for Smart Cities in 2024?

    The Smart Cities application is expected to be valued at 25.0 million USD in 2024.

    What growth opportunities exist for the UK Blockchain IoT Market?

    The market presents growth opportunities in sectors like smart cities and energy management, driven by technological advancements.

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