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

UK Blockchain IoT Market Overview

As per MRFR analysis, the UK Blockchain IoT Market Size was estimated at 167.04 (USD Million) in 2023.The UK Blockchain IoTMarket is expected to grow from 195(USD Million) in 2024 to 1,000 (USD Million) by 2035. The UK Blockchain IoT Market CAGR (growth rate) is expected to be around 16.023% during the forecast period (2025 - 2035).

Key UK Blockchain IoT Market Trends Highlighted

The growing demand for efficiency, security, and transparency across a range of industries is driving notable developments in the UK Blockchain IoT market. Growing worries about data security and privacy are a major motivator, leading many businesses to investigate blockchain solutions that increase confidence in IoT devices.Blockchain integration is viewed as a means of guaranteeing secure data sharing and streamlining processes as sectors including manufacturing, shipping, and healthcare look to capitalize on the Internet of Things.

Furthermore, acknowledging blockchain as a key technology for the economy of the future, the UK government has backed blockchain initiatives by providing grants and financing to promote innovation. There are a lot of opportunities in the UK Blockchain IoT market, especially for businesses that can provide solutions that are suited to certain industry demands.

For example, blockchain can successfully handle the growing need for apps that manage supply chains with increased visibility and reduced fraud risk. Blockchain is also being investigated by the retail industry to enhance consumer involvement and product provenance tracking.

Collaborations between tech startups and well-established businesses have increased recently, fostering an innovative atmosphere. Additionally, the UK is experiencing a rise in scholarly research on blockchain applications in the Internet of Things, which is encouraging entrepreneurship and skill development in this area.

The UK wants to create a secure and welcoming environment for the deployment of these technologies, thus regulatory debates about blockchain integration with IoT are also in progress. All things considered, the UK Blockchain IoT industry is expected to increase in the future thanks to cooperation, innovation, and regulation.

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

UK Blockchain IoT Market Drivers

Increased Demand for Smart Cities

The UK government has projected significant investment in smart city initiatives, aimed at enhancing urban management through technology integration. According to the UK government's 'Urban Infrastructure Report,' cities may witness an increase in efficiency by over 30% through technologies like the Internet of Things (IoT) combined with blockchain platforms.

Major cities like London and Manchester are actively working on smart technology deployments, incorporating IoT sensors and blockchain to improve public services and reduce operational costs.

For instance, Transport for London has initiated projects that leverage blockchain for ticketing and fleet management, demonstrating substantial potential to transform urban living in the UK, thereby positively impacting the UK Blockchain IoT Market by driving demand for integrated solutions.

Regulatory Support and Government Initiatives

The UK government has laid a robust framework for embracing blockchain technology, marking it as a priority area for future innovation. As per a report by the Department for Business, Energy & Industrial Strategy, there is an anticipated investment of 500 million GBP for the development of digital infrastructure, including blockchain applications within IoT frameworks.

This proactive regulatory support not only encourages businesses to adopt IoT solutions integrated with blockchain technologies but also fosters a conducive environment for startups and established firms to innovate in the UK Blockchain IoT Market. Organizations like the London Blockchain Foundation are instrumental in promoting this development, further solidifying the market's growth prospects.

Rise in Data Security Concerns

With the surge in IoT devices, data security has become a paramount concern for industries in the UK. According to the UK Cyber Security Breaches Survey, around 39% of businesses reported cybersecurity breaches in the past year.

This statistic highlights the pressing need for enhanced security measures, where integrating blockchain technology with IoT can provide immutable records and enhanced security. Established funds such as the UK Cyber Security Challenge are actively supporting innovative technologies to tackle these concerns.As a result, this growing emphasis on data security is expected to spur investments in the UK Blockchain IoT Market, promoting secure communication and data exchange across devices.

UK Blockchain IoT Market Segment Insights

Blockchain IoT Market Application Insights

The UK Blockchain IoT Market, particularly in the Application segment, is experiencing rapid evolution, driven by a combination of technological advancements and the urgent need for enhanced security and efficiency across various sectors.This segment includes critical areas such as Supply Chain Management, Healthcare, Smart Cities, Energy Management, and Agriculture, each contributing uniquely to the market landscape.

Supply Chain Management benefits immensely from the integration of Blockchain and IoT technologies, as they offer unparalleled transparency, allowing stakeholders to track the provenance of goods in real-time while ensuring data integrity and reducing fraud.

In the healthcare sector, the combination of these technologies is revolutionizing patient data management, enabling secure data sharing among providers while optimizing healthcare delivery and improving overall patient outcomes. Smart Cities represent another vital application area, where Blockchain and IoT converge to create sustainable urban environments.

They facilitate improved infrastructure management and smarter resource allocation, ultimately leading to enhanced quality of life for residents. Energy Management is witnessing a transformation as well, with Blockchain technology enabling decentralized energy markets and enhancing the efficiency of energy distribution, promoting renewable energy sources, and supporting grid resilience.

Agriculture is also being reshaped by the application of these technologies, allowing for precision farming practices that bolster productivity by offering farmers insights into crop health, soil conditions, and weather-related data.Each of these Application areas holds significant potential within the UK Blockchain IoT Market, as they tackle critical challenges ranging from operational inefficiencies to safety concerns and climate change, positioning themselves as foundational pillars supporting the country’s transition towards a more digital and sustainable future.

The increasing adoption of these technologies, bolstered by government initiatives and investment in Research and Development efforts, underscores the promising growth trajectory and opportunity landscape that exists within the Application segment of the UK Blockchain IoT Market.

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

Blockchain IoT Market Technology Insights

The Technology segment of the UK Blockchain IoT Market showcases a diverse landscape with various essential components. Public Blockchain technology has gained traction due to its transparent and decentralized nature, facilitating trust and security in IoT applications.

In contrast, Private Blockchain offers organizations enhanced privacy and control, allowing them to manage sensitive data efficiently while ensuring compliance with regulatory mandates.Hybrid Blockchain, combining the strengths of both public and private systems, is becoming increasingly significant as it provides the flexibility needed for various enterprise applications while maintaining some level of decentralization.

Additionally, Blockchain as a Service (BaaS) has emerged as a pivotal enabler for businesses, allowing them to leverage blockchain without the complexity of developing and maintaining their infrastructure.Permissioned Blockchain is also critical, as it allows a regulated access control mechanism, which is particularly relevant in industries such as finance and healthcare, where data integrity and confidentiality are paramount.

Overall, these technologies play a crucial role in propelling innovative applications across the UK landscape, supporting a growing shift towards enhanced efficiency and security in IoT deployments.The evolving regulatory framework in the UK further underscores the importance of these Blockchain technologies as firms seek to align with compliance requirements while capitalizing on emerging opportunities in the interconnected world of IoT.

Blockchain IoT Market End Use Insights

The UK Blockchain IoT Market is seeing significant traction across various end-use segments which play a crucial role in the market's evolution. The Industrial sector stands out due to its drive towards automation and efficiency, leveraging Blockchain technology to enhance supply chain transparency and reliability.

In the Commercial space, demand for secure transactions and improved customer experience fosters the adoption of Blockchain IoT solutions, ensuring businesses remain competitive. The Residential segment is gaining importance as smart home devices become prevalent, utilizing Blockchain to improve security and interoperability between devices.

Government initiatives aimed at enhancing public services through technology are also pivotal, as Blockchain IoT facilitates data management and operational efficiency. Transportation is not behind; the integration of Blockchain can greatly enhance logistics and real-time data sharing, addressing challenges in fleet management and supply chain transparency.As each of these segments grows and diversifies, the UK Blockchain IoT Market continues to thrive, fueled by technological advancements and the increasing need for secure, efficient, and transparent systems.

Blockchain IoT Market Connectivity Insights

The Connectivity segment of the UK Blockchain IoT Market plays a crucial role in enhancing communication and data transfer among various IoT devices. This segment includes various types of connectivity options like Wireless, Wired, Bluetooth, Cellular, and LPWAN technologies, each contributing to the efficient functioning of blockchain applications in the IoT landscape.

Wireless Connectivity stands out as it offers flexibility and ease of deployment, vital for real-time data exchange and scalability. In contrast, Wired Connectivity ensures reliability and security, which is essential for industries where data integrity is paramount.Bluetooth Connectivity has gained traction for its utility in short-range communications, especially in smart wearable devices and personal gadgets. Cellular Connectivity is significant as it offers extensive coverage and high-speed data transfer, making it an ideal choice for urban IoT applications.

LPWAN Connectivity, on the other hand, dominates low-power, long-range communications, making it suitable for remote monitoring and agriculture applications. The continuous demand for improved data security and real-time analytics is driving the growth of these connectivity options, ultimately enhancing the overall UK Blockchain IoT Market revenue.

The growth drivers in this segment also include rising government initiatives towards smart city developments and the need for seamless cloud integration, paving the way for innovative solutions that harness the full potential of blockchain technology in IoT.

UK Blockchain IoT Market Key Players and Competitive Insights

The UK Blockchain IoT Market is witnessing a significant evolution as organizations strive to leverage the intersection of blockchain technology and the Internet of Things. This dynamic landscape is characterized by growing investments, a rising number of startups, and the entry of established players seeking to enhance operational efficiencies and security in data transmission.Companies are increasingly recognizing the potential to create decentralized networks that enable transparency, trust, and accountability among connected devices.

As demand rises for innovative solutions to address challenges such as data integrity, device security, and supply chain transparency, the competitive landscape continues to grow more complex, with both technology giants and niche players carving out their respective roles.

The collaboration between the IoT and blockchain sectors is driving advancements in various applications, including smart contracts, asset management, and digital identity.Dell Technologies has established a notable presence in the UK Blockchain IoT Market by leveraging its extensive portfolio of hardware, software, and services. The company’s strengths lie in its robust infrastructure solutions that support the deployment of IoT devices and blockchain applications within enterprises.

By providing secure and scalable platforms, Dell Technologies enables businesses to effectively harness the power of data generated by IoT devices while ensuring that this data is immutable and secure due to blockchain integration.

The company's commitment to innovation is further evident through its partnerships and collaborations aimed at developing tailored solutions for sectors ranging from finance to manufacturing. The strategic focus on maintaining high standards of security and interoperability positions Dell Technologies as a trusted provider in the rapidly evolving market landscape.

Everledger specializes in leveraging blockchain technology specifically to improve transparency and traceability within supply chains, particularly in industries such as diamonds, wine, and luxury goods in the UK.Their key offerings involve creating digital identities for physical assets, allowing for real-time tracking and verification of information throughout the supply chain. With a strong emphasis on sustainability and ethical sourcing, Everledger’s services resonate well with businesses looking to build trust with consumers.

The company has made strides in the market through several significant partnerships, enhancing its ability to offer comprehensive solutions tailored to client needs while also facilitating their entry into new verticals.Everledger's focus on innovation and its concentrated efforts in building partnerships for data sharing exemplify its strengths, helping it establish a reputable presence in the UK Blockchain IoT Market aimed at leveraging technology for value creation across diverse industries.

Key Companies in the UK Blockchain IoT Market Include:

• Dell Technologies
• Everledger
• Accenture
• IOTA Foundation
• Deepmind
• IBM
• Wipro
• Amazon
• Atonomi
• Microsoft
• Vodafone

UK Blockchain IoTMarket 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 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	167.04(USD Million)
MARKET SIZE 2024	195.0(USD Million)
MARKET SIZE 2035	1000.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)	16.023% (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	Dell Technologies, Everledger, Accenture, Filament, IOTA Foundation, Chronicled, Deepmind, VeChain, Grid Edge, IBM, Wipro, Amazon, Atonomi, Microsoft, Vodafone
SEGMENTS COVERED	Application, Technology, End Use, Connectivity
KEY MARKET OPPORTUNITIES	Supply chain transparency solutions, Smart contracts for automation, Secure data sharing platforms, Enhanced cybersecurity for IoT devices, Energy management and optimization
KEY MARKET DYNAMICS	rising demand for secure data, increasing IoT adoption, regulatory support for blockchain, need for interoperability, enhanced supply chain transparency
COUNTRIES COVERED	UK