GCC 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

GCC Blockchain IoT Market Overview

As per MRFR analysis, the GCC Blockchain IoT Market Size was estimated at 66.81 (USD Million) in 2023.The GCC Blockchain IoT Market is expected to grow from 85(USD Million) in 2024 to 600 (USD Million) by 2035. The GCC Blockchain IoT Market CAGR (growth rate) is expected to be around 19.442% during the forecast period (2025 - 2035)

Key GCC Blockchain IoT Market Trends Highlighted

There are major trends that are being witnessed in the GCC Blockchain Internet of Things market. These trends are being driven by the emergence of smart cities and the increasing acceptance of digital technologies.There is a significant amount of investment being made by governments in the GCC region in programs that promote digital transformation. This transformation integrates blockchain and the internet of things in order to improve efficiency and transparency in a variety of industries, including healthcare, logistics, and energy.

By merging Internet of Things (IoT) solutions with blockchain technology, which enables safe data exchange and real-time analytics, the push for smart city initiatives, particularly in nations such as the United Arab Emirates and Saudi Arabia, highlights the need of integrating these technologies.There has been a rising understanding in recent times of the necessity for increased security and data integrity in Internet of Things devices, which has propelled the need for blockchain as a safe transaction platform.

As a result of this trend, businesses and developers have the chance to construct individualized solutions that are capable of addressing the specific issues that are associated with Internet of Things applications in the Gulf Cooperation Council (GCC).To add insult to injury, in light of the regional emphasis on sustainability and innovation, businesses are investigating the possibilities that Blockchain Internet of Things (IoT) presents for optimizing processes, lowering waste, and increasing overall productivity.

A further illustration of the dynamic nature of this sector is provided by the emergence of innovative firms that are focused on solutions for blockchain applications. More prospects for expansion are being made available as a result of the growing trend of collaboration between governmental institutions and technology businesses. This collaboration is driving research, implementation, and policy creation.

As the nations of the Gulf Cooperation Council (GCC) work toward diversifying their economies away from their reliance on oil, the confluence of blockchain technology and the Internet of Things (IoT) presents a promising route for innovation that has the potential to transform many aspects of day-to-day life in the area, including the management of supply chains and the protection of personal data.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

GCC Blockchain IoT Market Drivers

Growth in Smart City Initiatives

The GCC region has been increasingly investing in smart city initiatives, which serves as a crucial driver for the GCC Blockchain Internet of Things (IoT) Market. For instance, the United Arab Emirates (UAE) has committed to spending over USD 20 billion on various smart city projects by 2025.

These projects often utilize Blockchain technology to enhance data security, interoperability, and transparency, thus making urban services more efficient. The Saudi Arabian Vision 2030 plan also emphasizes the importance of smart infrastructure, which incorporates IoT and Blockchain systems.

This collective investment into smart urban projects is projected to stimulate a compound annual growth rate (CAGR) of approximately 19.442% in the GCC Blockchain IoT Market from 2025 to 2035, reflecting a strong demand for integrated technological solutions in urban governance.

Rising Adoption of Secure Payment Methods

The demand for secure payment solutions is escalating in the GCC region, especially in the retail and e-commerce sectors. With cybercrime expected to cost the GCC around USD 3.5 billion annually, the necessity for secure transactions has become paramount.Organizations like Mastercard are actively integrating Blockchain technologies to enhance the security of payment systems, thereby boosting consumer confidence.

This trend is expected to contribute significantly to the GCC Blockchain IoT Market, as businesses increasingly adopt IoT platforms that ensure secure payment channels. In line with this, there are rising initiatives by regional governments, such as Bahrain's Central Bank, to explore Blockchain for secure financial transactions, further catalyzing the market's expansion.

Government Support and Regulatory Frameworks

Government initiatives across the GCC region are providing strong backing for the adoption of Blockchain and IoT technologies. Initiatives such as Dubai's Blockchain Strategy 2020 aim to make Dubai the first city fully powered by Blockchain by increasing the efficiency of public services and reducing document processing costs by USD 1.5 billion annually.Such government-backed programs create a favorable environment for private sector organizations, encouraging them to integrate Blockchain IoT solutions in their operations.

Regulatory frameworks being developed by organizations like the UAE's Securities and Commodities Authority further bolster investor confidence and catalyze the growth of the GCC Blockchain IoT Market. This regulatory support is expected to be a major driver, stimulating innovations and partnerships that align with national development goals.

Increased Focus on Supply Chain Transparency

The need for enhanced supply chain transparency is a growing concern in the GCC region, particularly in industries like oil and gas, logistics, and agriculture. Initiatives led by global companies such as IBM are making strides in employing Blockchain technologies for real-time tracking of goods and materials.For instance, the Saudi Arabian Oil Company (Saudi Aramco) has initiated Blockchain projects aimed at tracking oil shipments to ensure authenticity and compliance with regulatory requirements.

This focus on transparency is anticipated to significantly boost the GCC Blockchain IoT Market, as organizations seek technology-driven solutions to optimize their supply chain operations. With significant investments in infrastructure and technology, the region is expected to see a marked increase in adoption rates for Blockchain-enabled IoT applications.

GCC Blockchain IoT Market Segment Insights

Blockchain IoT Market Application Insights

The GCC Blockchain IoT Market is experiencing significant growth within the application segment, which encompasses various areas such as Supply Chain Management, Healthcare, Smart Cities, Energy Management, and Agriculture.As industries increasingly recognize the potential of blockchain technology in enhancing transparency, efficiency, and security, these applications are becoming pivotal in driving market trends.

In Supply Chain Management, blockchain facilitates real-time tracking of goods, reducing fraud and ensuring authenticity, thereby streamlining operations across borders, which is particularly beneficial for the diverse trade landscape in the GCC region.The Healthcare sector stands to gain immensely from implementing Blockchain IoT solutions, as they can provide a secure framework for patient data management, medical records, and drug traceability, ensuring compliance and improving patient outcomes.

Smart Cities represent a transformative vision for urban development in the GCC, where blockchain can support elements such as efficient energy distribution, smart traffic management, and enhanced public safety, which are vital for the rapid urbanization seen in this region.

Energy Management is another critical area where Blockchain IoT can optimize energy consumption and promote renewable energy solutions, aligning with the GCC's vision for sustainable development and diversification of sources.Moreover, in Agriculture, the integration of blockchain can improve food security and traceability, enabling producers to validate organic practices and ensure freshness from farm to table, which is increasingly important to the GCC consumer.

Overall, these strategic applications reflect how the GCC Blockchain IoT Market is aligning with regional goals for innovation and sustainability, demonstrating significant opportunities for growth and development in the coming years.With continuous investments in technology and a supportive regulatory environment, the market is poised to evolve and meet the challenges and opportunities presented by each application sector.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Blockchain IoT Market Technology Insights

The Technology segment of the GCC Blockchain IoT Market showcases significant advancements, driving a variety of applications across diverse industries. Public Blockchain has gained traction for its transparency and decentralization, making it ideal for sectors requiring trust and accountability.

Conversely, Private Blockchain is favored by organizations seeking greater control over data access and privacy, thus enhancing security in sensitive transactions. Hybrid Blockchain merges the benefits of both models, allowing for flexibility and scalability, which is critical for complex IoT ecosystems in the GCC region.

Additionally, Blockchain as a Service (BaaS) offers businesses an accessible entry point to leverage blockchain technology without heavy investments in infrastructure, fostering innovation and reducing operational costs. The Permissioned Blockchain provides a balance of control and openness, streamlining processes for industries such as finance and supply chain management.

As the GCC countries progressively embrace digital transformation, these technological variations in the Blockchain IoT Market contribute to an evolving landscape, positioning businesses to optimize efficiency, enhance security, and ensure compliance within their operational frameworks.Overall, the GCC Blockchain IoT Market segmentation reflects a robust ecosystem conducive to innovation and growth within the region.

Blockchain IoT Market End Use Insights

The GCC Blockchain IoT Market is anticipated to experience significant growth across various End Use segments, reflecting the rapidly evolving technological landscape in the region. The Industrial sector is a key driver, with Blockchain IoT enhancing operational efficiency and enabling better asset management.

Additionally, the Commercial segment is leveraging these technologies for supply chain transparency and improved customer engagement, addressing growing demands for accountability. The Residential sector stands out for its role in smart home solutions, allowing for enhanced security and energy management, which aligns with the GCC's push towards sustainable living environments.

In the Government domain, Blockchain IoT solutions are being adopted for enhanced public service delivery, contributing to transparency and reducing corruption, thus fostering greater citizen trust. Lastly, the Transportation segment is experiencing increased attention, as Blockchain IoT facilitates real-time tracking and fleet management, which are vital for logistics efficiency.

The cumulative impact of these segments underscores a broader trend of integration and innovation in the GCC Blockchain IoT Market, driven by regional initiatives and policies aimed at digital transformation and smart city development.

Blockchain IoT Market Connectivity Insights

The Connectivity segment of the GCC Blockchain IoT Market is crucial in facilitating seamless communication and data transfer across various applications. This segment is broadly categorized, including Wireless Connectivity, Wired Connectivity, Bluetooth Connectivity, Cellular Connectivity, and LPWAN Connectivity, each addressing unique requirements for connectivity.

Wireless Connectivity is rapidly gaining traction due to its flexibility and ease of deployment, playing a significant role in the growing demand for IoT devices in smart cities initiatives across the GCC. Wired Connectivity, on the other hand, remains essential for applications needing high reliability and speed, especially in industrial environments experiencing digital transformation.

Bluetooth Connectivity is indispensable for short-range applications, particularly in consumer electronics, enhancing user interaction and data sharing. Cellular Connectivity, with its expanding coverage and capabilities, supports mission-critical applications requiring constant connectivity, boosting sectors like logistics and healthcare.

LPWAN Connectivity stands out by enabling low power and long-range communication, proving essential in sustainability-focused projects and smart agriculture. Overall, the Connectivity segment is instrumental in driving innovation and ensuring the resilience of the GCC Blockchain IoT Market ecosystem, aligning with government initiatives aimed at technological advancement and economic diversification.

GCC Blockchain IoT Market Key Players and Competitive Insights

The GCC Blockchain IoT Market is an emerging arena characterized by rapid technological advancements and an increasing demand for innovative solutions. Companies in this space are keenly aware of each other's strengths and weaknesses, leading to a competitive landscape where partnerships and collaboration are becoming increasingly vital for maintaining market share.

As industries across the GCC region recognize the immense potential of integrating blockchain technology with IoT systems, they are looking towards key players to provide robust platforms that ensure security, transparency, and efficiency.The competitive insights within this market reflect a blend of established firms and startups, each vying to capitalize on the burgeoning opportunities presented by this convergence of technologies.

Oracle has established a formidable presence in the GCC Blockchain IoT Market by leveraging its extensive experience in cloud computing and enterprise solutions. The company's strengths lie in its comprehensive suite of offerings that include secure IoT platforms, data management solutions, and blockchain technology tailored for various sectors such as logistics, healthcare, and manufacturing.

Oracle’s ability to deliver customizable solutions that enhance operational efficiency gives it a competitive edge. The firm’s strong presence in the region is further amplified through strategic partnerships and collaborations with local enterprises, enabling it to deploy solutions effectively and cater to regional demands.Its reputation for security and reliability in deploying large-scale enterprise applications bolsters its standing in the competitive landscape of the GCC.

NVIDIA has also made significant strides in the GCC Blockchain IoT Market, promoting its advanced computing platforms that facilitate the development and deployment of IoT applications powered by blockchain technology.With a focus on artificial intelligence, machine learning, and data analytics, NVIDIA's strengths lie in its ability to provide high-performance GPUs and software solutions that enable real-time data processing for IoT devices.

The company's key offerings, including their deep learning frameworks and development kits, position them as a preferred choice for companies looking to harness the power of big data in conjunction with blockchain.NVIDIA's strategic mergers and acquisitions in the region have further solidified its market presence, enabling it to expand its offerings and tap into new customer segments. This innovative approach allows NVIDIA to stand out in the competitive GCC landscape, appealing to a diverse range of industries seeking to leverage cutting-edge technology for transformational changes.

Key Companies in the GCC Blockchain IoT Market Include

• Oracle
• NVIDIA
• Accenture
• Deloitte
• Tata Consultancy Services
• Cisco
• Huawei
• Samsung
• IBM
• Cognizant
• Alibaba Cloud
• Wipro
• Microsoft
• Capgemini
• Amazon Web Services

GCC Blockchain IoTMarket Developments

Following the publication of the IDC MarketScape for GCC Business and Industrial Internet of Things (IoT) Consulting and System Integration services in July 2024, Tata Consultancy Services (TCS) was acknowledged as a market leader in the relevant industry.The Web 3.0 Node Engine Service was introduced by Huawei in August 2023. It is compatible with the Ethereum and TRON blockchains, which allows it to improve its blockchain Internet of Things capabilities.

A partnership between TCS and Anapaya was formed in July 2024 with the intention of providing safe and resilient network solutions that were based on the SCION protocol and integrated blockchain technology for increased security.During the month of August 2025, HFS Research named TCS as one of the top two Internet of Things service providers. This ranking highlighted the company's innovative and customer-centric approach to providing IoT services. In spite of the fact that the firm's strong processors are being sold in enormous amounts to the sector, NVIDIA declared its pessimism regarding cryptocurrencies in March 2023.

The company stated that cryptocurrencies do not provide anything that is beneficial to society. These advancements are a reflection of the GCC's strategic focus on harnessing blockchain and Internet of Things technologies to foster digital transformation and innovation across industries.

GCC Blockchain IoT Market Segmentation Insights

Blockchain IoT Market Application Outlook

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

Blockchain IoT Market Technology Outlook

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

Blockchain IoT Market End Use Outlook

• • Industrial
  • Commercial
  • Residential
  • Government
  • Transportation

Blockchain IoT Market Connectivity Outlook

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

 

Report Attribute/Metric Source:	Details
MARKET SIZE 2023	66.81(USD Million)
MARKET SIZE 2024	85.0(USD Million)
MARKET SIZE 2035	600.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)	19.442% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Million
KEY COMPANIES PROFILED	Oracle, NVIDIA, Accenture, Deloitte, Tata Consultancy Services, Cisco, Huawei, Samsung, IBM, Cognizant, Alibaba Cloud, Wipro, Microsoft, Capgemini, Amazon Web Services
SEGMENTS COVERED	Application, Technology, End Use, Connectivity
KEY MARKET OPPORTUNITIES	Smart contracts in supply chain, Enhanced security for IoT devices, Decentralized data management solutions, Real-time asset tracking systems, Energy management with blockchain integration
KEY MARKET DYNAMICS	regulatory framework development, increasing IoT adoption, enhanced security requirements, cost reduction initiatives, growing investment interest
COUNTRIES COVERED	GCC