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BLOCK CHAIN-BASED SECURITY SOLUTIONS FOR IOT SYSTEMS MARKET ANALYSIS

Block Chain-based Security Solutions For IoT Systems Market, by Component (Hardware and Software), by Application (Smart Contract, Data Security, Data Communication, Asset Management & Training, and Others), by Industry Vertical (Manufacturing, Energy & Utility, Healthcare, Automobile, Construction, Retail, Smart City, and Transportation and Logistics, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

Market Challenges And Opportunities

High cost of block chain-based security solutions are expected to hamper the market growth during the forecast period

Block chain-based security solutions are costly and it increases complexity of the existing operating systems of companies. Moreover, block chain-based security solutions should be compatible with existing system of the organization.  For several companies such as SMEs, the high initial cost of block chain-based security solutions is a major concern.

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