South Korea Blockchain Iot Market Size & Outlook

The blockchain iot market in South Korea is expected to reach a projected revenue of US$ 334.5 million by 2030. A compound annual growth rate of 59% is expected of South Korea blockchain iot market from 2024 to 2030.
Revenue, 2023 (US$M)
$13.0
Forecast, 2030 (US$M)
$334.5
CAGR, 2024 - 2030
59%
Report Coverage
South Korea

South Korea blockchain iot market highlights

  • The South Korea blockchain iot market generated a revenue of USD 13.0 million in 2023 and is expected to reach USD 334.5 million by 2030.
  • The South Korea market is expected to grow at a CAGR of 59% 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.


Blockchain iot market data book summary

Market revenue in 2023USD 13.0 million
Market revenue in 2030USD 334.5 million
Growth rate59% (CAGR from 2023 to 2030)
Largest segmentSoftware & platform
Fastest growing segmentServices
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware, Software & Platform, Services
Key market players worldwideIntel 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, South Korea accounted for 2.5% of the global blockchain iot market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China blockchain iot market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 482.9 million by 2030.

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Blockchain IoT Market Scope

Blockchain iot market segmentation & scope
Hardware
Software & Platform
Services
Data Security
Smart Contracts
Asset Tracking & Management
Others(real-time workforce tracking and workforce management)
Transportation and Logistics
Manufacturing
Healthcare
Retail
Consumer Electronics
Construction
Other Verticals ( f&b, pharma, mining, agriculture, constr & real state)
Small and Medium Sized Enterprise
Large Enterprise

Blockchain IoT Market Companies

Name Profile # Employees HQ Website

South Korea 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 will help companies and investors design strategic landscapes.


Software & platform was the largest segment with a revenue share of 51.54% in 2023. Horizon Databook has segmented the South Korea blockchain iot market based on hardware, software & platform, services covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of South Korea blockchain iot market databook

  • Our clientele includes a mix of blockchain iot market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the South Korea blockchain iot market , including forecasts for subscribers. This country databook contains high-level insights into South Korea blockchain iot market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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South Korea blockchain iot market size, by component, 2018-2030 (US$M)

South Korea Blockchain IoT Market Outlook Share, 2023 & 2030 (US$M)

South Korea blockchain iot market size, by component, 2018-2030 (US$M)

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