# India Blockchain Iot Market > India Blockchain IoT Market Size, Share and 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)- Industry Forecast to 2035 - **Forecast Period:** 2025 - 2035 - **CAGR:** 77.24% - **2024:** $ 128.8 Million - **2025:** $ 228.29 Million - **2035:** $ 69,857.58 Million - **Key Players:** IBM (US), Microsoft (US), Amazon (US), Cisco (US), Oracle (US), SAP (DE), Huawei (CN), IOTA Foundation (DE) **Report ID:** MRFR/ICT/63507-HCR · **Pages:** 200 · **Author:** Aarti Dhapte · **Last Updated:** February 06, 2026 **URL:** https://www.marketresearchfuture.com/reports/india-blockchain-iot-market-65447 --- ## Market Summary ## **India****Blockchain IoT****Market Overview** As per MRFR analysis, the India Blockchain IoT Market Size was estimated at 233.85 (USD Million) in 2023.The India Blockchain IoTMarket is expected to grow from 273(USD Million) in 2024 to 1,925 (USD Million) by 2035. The India Blockchain IoT Market CAGR (growth rate) is expected to be around 19.431% during the forecast period (2025 - 2035). **Key India****Blockchain IoT****Market Trends Highlighted** A number of major market drivers, such as the government's push towards digitalization, notably through programs such as Digital India, are contributing to the tremendous growth that the Blockchain Internet of Things industry in India is in the process of experiencing. By doing so, we hope to improve connection and encourage the widespread adoption of cutting-edge technologies across all industries. Businesses are being driven to investigate blockchain solutions that are capable of integrating with Internet of Things devices as a result of the growing demand for transparency and security in data management. These technologies are being adopted by various industries, including agriculture, healthcare, and logistics, in order to increase data traceability and simplify operations more effectively. In addition, the growing demand for smart cities is supported by the integration of blockchain technology and the internet of things, which results in the creation of effective urban management systems. There are a lot of opportunities available in the Indian market because there is a rising interest from newly established firms as well as traditional organizations that are looking to innovate in areas such as energy management and supply chain management. In addition, the government is investigating potential uses in fields such as land registries and identity verification, which presents an environment that is ripe for technological improvements. It is possible to take advantage of this great chance to enter into these ever-changing industries through collaborations between technology companies and government efforts. There has been a discernible movement in recent times toward the creation of platforms that make use of both the Internet of Things (IoT) and blockchain technology in order to facilitate efficient data sharing and analysis. Businesses are increasingly turning to decentralized solutions in order to improve operational efficiencies, reduce risks, and increase the level of trust that exists between individual parties. Additionally, it is anticipated that the introduction of 5G technology would considerably improve the capabilities of Internet of Things devices, which will continue to fuel growth in this industry. The merging of blockchain technology and the Internet of Things in India represents a disruptive shift that has the potential to revolutionize the way in which different industries function and interact with one another. **Source: Primary Research, Secondary Research, MRFR Database and Analyst Review** **India****Blockchain IoT****Market Drivers** **Increasing Government Initiatives** The Indian government has shown a strong commitment to fostering innovation in technology, particularly in the fields of Blockchain and Internet of Things (IoT). The Digital India movement aims to transform India into a digitally empowered society, and this initiative opens doors for the development of the India [Blockchain IoT Market](../../../reports/blockchain-iot-market-8713). The Ministry of Electronics and Information Technology (MeitY) promotes Research and Development (R&D) in these areas, which indicates a significant focus on encouraging startups and technology-led companies. According to the Ministry's reports, over 1,600 startups focused on Blockchain have emerged in India recently, highlighting the burgeoning interest and investment in this sector. This government backing does not just introduce favorable regulations; it also brings funding and resources, allowing for a fertile ground for the growth of the India Blockchain IoT Market. Furthermore, initiatives like the Atal Innovation Mission aim to propel technology adoption, significantly amplifying the prospects for Blockchain and IoT companies. **Rising Adoption of IoT Devices** India has been witnessing an exponential rise in the adoption of IoT devices, projected to reach over 1.9 billion connected devices by 2025. This significant uptake is driven by diverse sectors such as agriculture, healthcare, and smart cities, which are increasingly relying on data to make informed decisions. Established organizations like Tata Consultancy Services (TCS) and Infosys have already begun integrating IoT solutions across various verticals. Such widespread implementation fuels the demand for Blockchain technology, which ensures data security and integrity in IoT networks, thus enhancing the trust of end-users. In fact, the National Association of Software and Service Companies (NASSCOM) indicates that an estimated growth of 30% in IoT applications is expected in India over the next few years, providing crucial support for the India Blockchain IoT Market. **Need for Enhanced Security** As the use of IoT devices increases in India, the concern for data security and privacy becomes paramount. Cybersecurity threats are on the rise, with a reported increase of nearly 300% in cyber-attacks across the country, as per the Indian Computer Emergency Response Team (CERT-In). This alarming statistic is driving organizations to seek solutions that offer enhanced security measures. Blockchain technology provides an innovative approach to securing IoT networks through its decentralized structure and transactive capabilities. Companies like Wipro and HCL Technologies are heavily investing in Blockchain solutions to safeguard sensitive data, thereby creating an environment that promotes trust. Thus, the need for enhanced security is a critical driver supporting the growth of the India Blockchain IoT Market. **India****Blockchain IoT****Market Segment Insights** **Blockchain IoT****Market Application Insights** The India Blockchain IoT Market, particularly within the Application segment, is evaluating diverse sectors that are increasingly integrating these technologies into their operations.Supply Chain Management has emerged as a significant arena where blockchain technology enhances transparency and traceability, ensuring that all stakeholders in the supply chain can access real-time information, thus reducing delays and preventing fraud. In the Healthcare sector, the combination of Blockchain and IoT is fostering secure patient data management and enabling more efficient tracking of medical supplies, which is vital for improving healthcare delivery in India's vast and diverse population. Smart Cities are quickly embracing Blockchain IoT for various applications, such as managing urban infrastructure, traffic systems, and public safety, allowing for enhanced citizen engagement and improved resource allocation.Energy Management is another critical field, as Blockchain technology aids in facilitating peer-to-peer energy trading and optimizing the management of renewable energy sources, aligning with India's goals towards sustainable development. Agriculture is also leveraging these technologies; farmers are now able to monitor crop conditions and market prices in real-time, ensuring better yield management and profitability.Overall, the Application segment of the India Blockchain IoT Market is witnessing rapid advancements, driven by a combination of government initiatives, technological innovations, and growing consumer demand, while each area presents unique opportunities and challenges that could significantly impact market growth in the years to come. The integration of these technologies addresses various industry pain points, leading to operational efficiencies, cost savings, and enhanced transparency, making it imperative for sectors in India to adapt and invest in Blockchain IoT solutions for future readiness. **Source: Primary Research, Secondary Research, MRFR Database and Analyst Review** **Blockchain IoT****Market Technology Insights** The India Blockchain IoT Market, particularly within the Technology segment, has shown notable evolution and potential. Public Blockchain technology has become increasingly significant in enabling transparency and security, driving its adoption across various sectors, while Private Blockchain is favored for its enhanced privacy features, making it ideal for enterprises needing controlled access. Hybrid Blockchain is emerging as a preferred option, as it combines the benefits of both public and private variants, providing adaptability for different use cases. Blockchain as a Service is also gaining traction, as it allows organizations to leverage blockchain capabilities without the complexities of building their own infrastructure, thus simplifying the integration process. Permissioned Blockchain plays a crucial role in situations where certain access restrictions are necessary, allowing organizations to maintain authority over data and transactions. Collectively, these dimensions of the Technology segment facilitate enhanced efficiency, security, and cost-effectiveness, thereby contributing to the overall growth dynamics in the India Blockchain IoT Market. The ongoing digital transformation and governmental support for blockchain initiatives further bolster the demand for these technologies, as India's tech landscape continues to explore innovative solutions and applications across industries. **Blockchain IoT****Market End Use Insights** The End Use segment of the India Blockchain IoT Market plays a significant role in shaping the overall landscape of the industry. This segment encompasses various applications across Industrial, Commercial, Residential, Government, and Transportation domains. Industrial use cases are particularly crucial as they enhance operational efficiency and security within manufacturing processes, enabling seamless tracking of assets and real-time monitoring of equipment. In the Commercial sector, Blockchain IoT solutions facilitate secure transactions and data management, which is essential for businesses seeking to streamline operations and enhance customer experiences. The Residential segment showcases the potential of smart homes, where Blockchain IoT technologies can provide improved safety and energy management for consumers. Government applications leverage these technologies for transparency and security in public service delivery, enhancing trust between citizens and institutions. Meanwhile, Transportation continues to evolve with Blockchain IoT, as it enables real-time tracking and improved logistics, leading to more efficient supply chain management. Overall, these diverse applications highlight the significant impact and growth potential of the End Use segment within the India Blockchain IoT Market, driven by increasing adoption of smart technologies and a focus on enhanced security and efficiency across various sectors. **Blockchain IoT****Market Connectivity Insights** The Connectivity segment within the India Blockchain IoT Market plays a crucial role in accelerating the adoption of blockchain technologies across various industries. As the market matures, Wireless Connectivity remains a dominant force, driving innovative applications in smart cities and agriculture, allowing for real-time data exchange and improved efficiency. Wired Connectivity facilitates stable and high-speed connections, essential for sectors requiring greater reliability and security in data transmission. Bluetooth Connectivity has gained significance in personal devices and wearable technology, enhancing user experiences via seamless connectivity. Meanwhile, Cellular Connectivity, particularly with the advent of 5G, offers extensive coverage and lower latency, making it critical for applications such as autonomous vehicles and remote monitoring. Additionally, LPWAN Connectivity is emerging as a key enabler for IoT devices operating on minimal power requirements, making it ideal for smart metering and environmental monitoring. Collectively, these modes of connectivity not only support the expanding ecosystem of the India Blockchain IoT Market but also enhance operational efficiencies and drive growth across various sectors. The increasing push towards digital transformation initiatives in India is expected to further bolster this segment, establishing it as a foundation for future technological advancements. **India****Blockchain IoT****Market Key Players and Competitive Insights** The India Blockchain IoT Market is witnessing significant growth, driven by the increasing adoption of blockchain technology and the Internet of Things across various industries. This market segment is characterized by a rapidly evolving landscape where numerous players are vying for market share through innovative solutions and strategic partnerships. The competitive dynamics are shaped by technological advancements, regulatory frameworks, and the diverse needs of industries such as manufacturing, logistics, healthcare, and smart cities.As companies leverage blockchain's ability to offer transparency, security, and efficiency in IoT applications, understanding the competitive insights becomes vital for stakeholders to navigate this burgeoning market successfully. DataGuise, a prominent player in the India Blockchain IoT Market, is recognized for its robust data protection solutions that complement blockchain technology. Its strengths lie in providing enterprises with enhanced visibility and control over their sensitive data, which is crucial for maintaining compliance and ensuring data integrity in decentralized environments. DataGuise's solutions are designed to help businesses manage the challenges associated with data security and privacy, particularly in scenarios involving connected devices and IoT ecosystems. The company’s commitment to innovation enables it to adapt its offerings to meet the specific needs of Indian businesses, further solidifying its presence in the market. By focusing on data governance and protection, DataGuise effectively positions itself as a critical partner for organizations looking to integrate blockchain in their IoT strategies.Zebra Technologies is another key player in the India Blockchain IoT Market, well-known for its advanced tracking and visibility solutions that utilize blockchain capabilities. The company offers a range of products and services focused on supply chain optimization, asset management, and real-time data tracking. With a strong market presence in India, Zebra Technologies leverages its comprehensive portfolio, which includes RFID technology, barcode solutions, and cloud-based analytics, to enhance operational efficiencies for enterprises in various sectors. The company’s strengths are amplified by its focus on innovation and customer-centric solutions, enabling businesses to gain valuable insights from connected assets. Zebra Technologies is also noted for its strategic collaborations and acquisitions, which strengthen its position in the Indian market, allowing it to expand its technological capabilities and service offerings.Through these efforts, the company continues to play a significant role in shaping the integration of blockchain and IoT technologies across industries in India. **Key Companies in the India****Blockchain IoT****Market Include:** - DataGuise - Zebra Technologies - Nucleus Vision - Tata Consultancy Services - Accenture - Blockchain App Factory - Raspberry Pi Foundation - Cisco Systems - Rudra Technologies - Wipro - Mahindra & Mahindra - Infosys - Tech Mahindra - IBM - Hewlett Packard Enterprise **India****Blockchain IoT****Market****Developments** With the goal of strengthening its position in the area, Zebra Technologies opened a new office in New Delhi in June 2025.In order to give businesses useful customer insights and improve their operational efficiency, Nucleus Vision continued to use blockchain and IoT technologies in August 2025. In a white paper released in June 2025, Tata Consultancy Services (TCS) highlighted the potential of blockchain technology across a range of industries and discussed how it may be integrated with IoT to develop systems that are secure and accountable. Accenture boosted its Web3 and blockchain projects in August 2025, emphasizing enterprise digital transformations and metaverse technologies.As of August 2025, Blockchain App Factory was still helping companies integrate blockchain with IoT solutions by providing blockchain IoT app development services. The Raspberry Pi Foundation continued to operate in India in August 2025, funding educational programs that empower youth through digital and computer technologies.Rudra Technologies was still active in the Indian blockchain IoT market in August 2025, providing cutting-edge solutions to a range of industries. With an emphasis on topics including agentic AI, embodied AI robotics, quantum computing, digital ledger technology, and quantum-safe cyber resilience, Wipro extended its blockchain IoT projects and innovation labs in August 2025.Infosys opened a development center at GIFT City in June 2025 with a focus on fintech technologies, including blockchain, and a goal of hiring at least 1,000 experts. **India****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 ## Market Drivers ### Government Initiatives and Support The Indian government is actively promoting the adoption of blockchain technology across various sectors, which is likely to bolster the blockchain iot market. Initiatives such as the Digital India program aim to enhance digital infrastructure and encourage innovation. The government has also established regulatory frameworks that support the development of blockchain applications, particularly in sectors like agriculture, healthcare, and logistics. This supportive environment is expected to attract investments and foster collaboration between public and private entities. As a result, the blockchain iot market is poised for growth, with government backing playing a crucial role in facilitating the integration of blockchain solutions into IoT ecosystems. The anticipated increase in funding for blockchain projects could further accelerate market expansion, potentially leading to a market valuation exceeding $1 billion by 2027. ### Increased Adoption of Smart Devices The proliferation of smart devices in India is significantly influencing the blockchain iot market. With the rise of smart homes, wearables, and industrial IoT applications, the demand for secure and efficient data management solutions is escalating. Blockchain technology provides a viable solution for ensuring data integrity and facilitating seamless communication between devices. As of 2025, it is estimated that the number of connected devices in India will surpass 1 billion, creating a vast landscape for blockchain applications. This trend indicates a growing recognition of the benefits of integrating blockchain with IoT, particularly in enhancing operational efficiency and reducing costs. Consequently, the blockchain iot market is likely to thrive as businesses and consumers alike seek to leverage the advantages of smart technology in conjunction with secure data management. ### Rising Demand for Secure Transactions The blockchain iot market in India is experiencing a notable surge in demand for secure transaction mechanisms. As businesses increasingly rely on IoT devices for data exchange, the need for robust security protocols becomes paramount. The integration of blockchain technology offers a decentralized approach to data management, significantly reducing the risk of data breaches. According to recent estimates, the market for secure transactions in India is projected to grow at a CAGR of 30% over the next five years. This growth is driven by the increasing awareness of cybersecurity threats and the necessity for secure data sharing among IoT devices. Consequently, the blockchain iot market is likely to benefit from this heightened focus on security, as organizations seek to implement solutions that ensure the integrity and confidentiality of their transactions. ### Emergence of Decentralized Applications The rise of decentralized applications (dApps) is reshaping the blockchain iot market in India. These applications leverage blockchain technology to provide enhanced functionality and security for IoT devices. By eliminating the need for centralized control, dApps enable more efficient data sharing and processing, which is particularly beneficial in sectors such as supply chain management and healthcare. The increasing interest in dApps is indicative of a broader trend towards decentralization, which is expected to drive innovation within the blockchain iot market. As developers create more dApps tailored to specific industry needs, the market is likely to witness a surge in adoption. This shift towards decentralized solutions may also lead to a more resilient and secure IoT ecosystem, fostering trust among users and stakeholders. ### Growing Focus on Data Privacy Regulations The blockchain iot market in India is being shaped by an increasing emphasis on data privacy regulations. With the implementation of laws such as the Personal Data Protection Bill, organizations are compelled to adopt technologies that ensure compliance with stringent data protection standards. Blockchain technology offers a transparent and immutable ledger, which can enhance data privacy and security. As businesses seek to align their operations with regulatory requirements, the demand for blockchain solutions is expected to rise. This trend is likely to create new opportunities within the blockchain iot market, as companies look for innovative ways to manage and protect sensitive data. The potential for blockchain to facilitate compliance with data privacy regulations may drive market growth, positioning it as a critical component of future IoT strategies. ## Future Outlook The [Blockchain IoT Market](https://www.marketresearchfuture.com/reports/blockchain-iot-market-8713) in India is poised for remarkable growth at 77.24% CAGR from 2025 to 2035, driven by increased demand for secure data exchange and automation. **New opportunities:** - Development of blockchain-based supply chain tracking solutions. - Implementation of smart contracts for automated IoT device management. - Creation of decentralized data marketplaces for IoT-generated data. By 2035, the market is expected to achieve substantial growth, establishing a robust ecosystem. ## Segment Insights ### By Application: Supply Chain Management (Largest) vs. Agriculture (Fastest-Growing) The India blockchain iot market showcases a diverse range of applications, with Supply Chain Management leading the pack in market share. This segment is heavily driven by the increasing need for transparency and traceability in supply chains, making it a preferred choice among industries. Following closely is Healthcare, which is gaining traction due to the push for enhanced patient data security. Agriculture, while currently smaller in market share, is quickly gaining importance as stakeholders recognize the benefits of blockchain technology in tracing food origins and optimizing farming practices. In terms of growth trends, Agriculture is recognized as the fastest-growing segment within the India blockchain iot market. The rising adoption of precision farming techniques and the demand for sustainable agricultural practices are driving this shift. Meanwhile, Supply Chain Management remains robust, supported by increasing investments in logistics and operational efficiency. As businesses continue to embrace digital transformation, the growth trajectory of these applications reflects broader industry trends focusing on efficiency, transparency, and security across the board. Supply Chain Management (Dominant) vs. Agriculture (Emerging) Supply Chain Management stands out as the dominant application within the India blockchain iot market, primarily due to its critical role in enhancing efficiency and trust within logistics and distribution networks. Companies are increasingly adopting blockchain solutions to track products from origin to consumer, ensuring authenticity and compliance. On the other hand, Agriculture is emerging as a vital application, fueled by innovations such as smart farming and IoT integration. This segment focuses on utilizing blockchain to provide transparency in food supply chains and improve yield through data-driven decision-making, making it essential for future agricultural sustainability. As these two applications evolve, they highlight the growing interconnections between technology and traditional industries. ### By Technology: Public Blockchain (Largest) vs. Private Blockchain (Fastest-Growing) In the India blockchain iot market, the distribution among various technology segments reveals that public blockchain holds the largest market share due to its widespread adoption and versatility. Meanwhile, the private blockchain segment is rapidly gaining traction, appealing to enterprises seeking enhanced security and control over their data management processes. This dichotomy reflects the diverse needs of organizations operating in different sectors, with many favoring public blockchain for its open nature and community support. As the market evolves, growth trends indicate a robust increase in interest towards private blockchains driven by the rising demand for data privacy, regulatory compliance, and governance. Furthermore, hybrid blockchain offerings are also emerging as a significant player, combining features of both public and private blockchains, thus catering to a broader spectrum of applications. The increasing integration of IoT devices with blockchain technologies is propelling the need for more tailored solutions, ensuring that various business models can securely leverage these technologies to enhance operational efficiencies. Blockchain Technology: Public (Dominant) vs. Private (Emerging) Public blockchain technology is predominantly characterized by its decentralization and transparency, making it an ideal solution for applications requiring secure and immutable records. This technology is widely embraced across various industries, allowing for collective participation and collaboration. In contrast, private blockchain solutions have emerged as an attractive alternative for organizations needing greater control over access and governance. These systems offer enhanced privacy features, enabling businesses to safeguard sensitive information while maintaining efficient transaction processes. Hybrid blockchains that integrate both public and private capabilities are also on the rise, catering to the need for flexible deployment. As companies continue to evaluate their blockchain strategies, the shift towards customized solutions is anticipated to reshape the landscape of the India blockchain iot market. ### By End Use: Industrial (Largest) vs. Commercial (Fastest-Growing) In the India blockchain iot market, the segment distribution shows that the Industrial sector holds the largest market share, driven by its widespread application in manufacturing, supply chain management, and logistics. The Commercial segment, while smaller in comparison, is rapidly gaining traction as businesses across various sectors recognize the potential of blockchain technology to enhance transparency and security in transactions. Growth trends indicate that the Commercial segment is the fastest-growing due to increasing investments in smart city initiatives and digital transformation efforts. Meanwhile, the Industrial segment continues to thrive, supported by the rising demand for automation and efficiency. Government policies promoting innovation and technological adoption are further propelling these segments toward substantial growth. Industrial: Dominant vs. Commercial: Emerging The Industrial segment is characterized by its established dominance in the market, leveraging blockchain to streamline operations and improve traceability in production processes. This segment is particularly focused on optimizing supply chain visibility and reducing operational costs. In contrast, the Commercial segment is emerging as a key player, driven by the rapid digitization of services and increasing reliance on secure transaction systems. Its growth is attributed to the adoption of blockchain in retail, healthcare, and finance sectors, fostering innovative applications and services that enhance customer engagement and operational efficiency. ### By Connectivity: Wireless Connectivity (Largest) vs. LPWAN Connectivity (Fastest-Growing) In the India blockchain iot market, the connectivity segment is witnessing a diverse distribution among its values. Wireless connectivity holds the largest market share, driven by the growing demand for mobile and flexible IoT solutions. This is closely followed by cellular connectivity, which is rapidly gaining traction, supported by advancements in 5G technology. Conversely, LPWAN connectivity is emerging as a significant player, attracting attention due to its ability to facilitate long-range communication for low-power devices. Growth trends indicate that the connectivity segment is poised for substantial expansion, fueled by increased investments in IoT applications across various industries such as agriculture, manufacturing, and logistics. The push towards smart cities and improved infrastructure is further accelerating the adoption of connectivity solutions, particularly LPWAN, which is recognized for its cost-effectiveness and energy efficiency in large-scale IoT deployments. Wireless Connectivity: Dominant vs. LPWAN Connectivity: Emerging Wireless connectivity is a dominant force in the India blockchain iot market, characterized by its ability to provide seamless and flexible communication between devices. Its widespread adoption is credited to the growing need for connectivity in various sectors, including smart homes, transportation, and industrial automation. On the other hand, LPWAN connectivity is emerging as a favorable alternative, particularly for applications that require long-range communication with minimal power consumption. Its distinct advantage lies in enabling the deployment of numerous low-power devices over vast areas, highlighting a trend towards energy-efficient IoT solutions. As these technologies evolve, they are expected to complement each other, further enhancing the connectivity landscape in the sector. ## Competitive Benchmarking The blockchain IoT market in India 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 enhance their operational capabilities. These companies are focusing on integrating blockchain technology with IoT applications to improve supply chain transparency and data integrity, thereby shaping a competitive environment that emphasizes technological differentiation and customer-centric solutions.Key business tactics employed by these companies include localizing manufacturing and optimizing supply chains to better serve the Indian market. The competitive structure appears moderately fragmented, with several key players exerting influence over various segments. This fragmentation allows for a diverse range of offerings, catering to different industry needs while fostering a competitive atmosphere that encourages continuous improvement and innovation. In October IBM (US) announced a partnership with a leading Indian telecommunications provider to develop a blockchain-based IoT platform aimed at enhancing smart city initiatives. This strategic move is significant as it not only expands IBM's footprint in the Indian market but also aligns with the government's push for digital transformation in urban infrastructure. The collaboration is expected to leverage IoT data for improved resource management and service delivery, thereby reinforcing IBM's commitment to innovation in the blockchain IoT space.Similarly, in September 2025, Microsoft (US) launched a new suite of blockchain IoT solutions tailored for the Indian manufacturing sector. This initiative is particularly noteworthy as it addresses the growing need for real-time data analytics and operational efficiency in manufacturing processes. By integrating blockchain with IoT, Microsoft aims to provide manufacturers with enhanced visibility and control over their supply chains, which could lead to significant cost savings and improved productivity. In August Oracle (US) unveiled its latest blockchain IoT platform designed specifically for the agricultural sector in India. This platform aims to facilitate traceability and transparency in food supply chains, addressing critical issues related to food safety and quality. The strategic importance of this launch lies in Oracle's ability to tap into the burgeoning agri-tech market, which is increasingly reliant on technology to enhance productivity and sustainability. As of November current competitive trends in the blockchain IoT market are heavily influenced by digitalization, sustainability, and the integration of artificial intelligence (AI). Strategic alliances among key players are shaping the landscape, fostering innovation and collaborative solutions. Looking ahead, it appears that competitive differentiation will increasingly pivot from price-based strategies to a focus on technological innovation, reliability in supply chains, and the ability to deliver tailored solutions that meet the evolving needs of diverse industries. ## Recent News & Developments With the goal of strengthening its position in the area, Zebra Technologies opened a new office in New Delhi in June 2025.In order to give businesses useful customer insights and improve their operational efficiency, Nucleus Vision continued to use blockchain and IoT technologies in August 2025. In a white paper released in June 2025, Tata Consultancy Services (TCS) highlighted the potential of blockchain technology across a range of industries and discussed how it may be integrated with IoT to develop systems that are secure and accountable. Accenture boosted its Web3 and blockchain projects in August 2025, emphasizing enterprise digital transformations and metaverse technologies.As of August 2025, Blockchain App Factory was still helping companies integrate blockchain with IoT solutions by providing blockchain IoT app development services. The Raspberry Pi Foundation continued to operate in India in August 2025, funding educational programs that empower youth through digital and computer technologies.Rudra Technologies was still active in the Indian blockchain IoT market in August 2025, providing cutting-edge solutions to a range of industries. With an emphasis on topics including agentic AI, embodied AI robotics, quantum computing, digital ledger technology, and quantum-safe cyber resilience, Wipro extended its blockchain IoT projects and innovation labs in August 2025.Infosys opened a development center at GIFT City in June 2025 with a focus on fintech technologies, including blockchain, and a goal of hiring at least 1,000 experts. **India****Blockchain IoT** ## Report Scope | MARKET SIZE 2024 | 128.8(USD Million) | | --- | --- | | MARKET SIZE 2025 | 228.29(USD Million) | | MARKET SIZE 2035 | 69857.58(USD Million) | | COMPOUND ANNUAL GROWTH RATE (CAGR) | 77.24% (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 | IBM (US), Microsoft (US), Amazon (US), Cisco (US), Oracle (US), SAP (DE), Huawei (CN), IOTA Foundation (DE) | | Segments Covered | Application, Technology, End Use, Connectivity | | Key Market Opportunities | Integration of blockchain with IoT enhances security and transparency in supply chain management. | | Key Market Dynamics | Rising demand for secure data sharing drives innovation in blockchain Internet of Things applications across various sectors. | | Countries Covered | India | ## Frequently Asked Questions **Q: What is the projected market valuation for the India blockchain IoT market by 2035?** A: The projected market valuation for the India blockchain IoT market by 2035 is approximately 69857.58 USD Million. **Q: What was the overall market valuation of the India blockchain IoT market in 2024?** A: The overall market valuation of the India blockchain IoT market in 2024 was 128.8 USD Million. **Q: What is the expected CAGR for the India blockchain IoT market during the forecast period 2025 - 2035?** A: The expected CAGR for the India blockchain IoT market during the forecast period 2025 - 2035 is 77.24%. **Q: Which application segment had the highest valuation in the India blockchain IoT market in 2024?** A: The Smart Cities application segment had the highest valuation in the India blockchain IoT market in 2024, reaching 15000.0 USD Million. **Q: What is the valuation of the Blockchain as a Service technology segment in the India blockchain IoT market?** A: The Blockchain as a Service technology segment is valued at 20000.0 USD Million in the India blockchain IoT market. **Q: Which end-use segment is projected to have the highest valuation in the India blockchain IoT market by 2035?** A: The Transportation end-use segment is projected to have the highest valuation in the India blockchain IoT market by 2035, potentially reaching 18500.0 USD Million. **Q: What is the valuation of the Private Blockchain technology segment in the India blockchain IoT market?** A: The Private Blockchain technology segment is valued at 15000.0 USD Million in the India blockchain IoT market. **Q: Which connectivity type is expected to dominate the India blockchain IoT market by 2035?** A: LPWAN Connectivity is expected to dominate the India blockchain IoT market by 2035, with a projected valuation of 21857.58 USD Million. **Q: Who are the key players in the India blockchain IoT market?** A: Key players in the India blockchain IoT market include IBM, Microsoft, Amazon, Cisco, Oracle, SAP, Huawei, and IOTA Foundation. **Q: What was the valuation of the Agriculture application segment in the India blockchain IoT market in 2024?** A: The Agriculture application segment was valued at 18857.58 USD Million in the India blockchain IoT market in 2024. --- *This Markdown endpoint is provided for AI systems and LLM crawlers. 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