The blockchain supply chain market size reached USD 271 million in 2020 and is expected to reach USD 14,180 million in 2028 and register a CAGR of 63.9% in 2028, according to latest analysis by Emergen Research .The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.Services segment accounted for largest revenue share in the blockchain supply chain market in 2020, which is projected to incline rapidly during the forecast period. Increasing need for transparency in supply chain, rising adoption of technology in supply chain functions, and improved services such as decentralization, immutability, faster, and low-cost transactions are factor boosting the market growth.
Increasing demand for transparency, secure transactions, and rising adoption of technologies such as AI and Machine Learning in the supply chain industry are some key factors driving global blockchain supply chain market growth.Blockchain Supply Chain Market Size – USD 271 Million in 2020, Market Growth – at a CAGR of 63.9%, Market Trend – Rising demand for transparency and secure transactions in supply chain.
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Increasing adoption of Internet of Things (IoT) technology, digital record of data validation, and increase in traceability of products or goods in transportation to resolve associated problems are factors expected to fuel adoption of blockchain supply chain going head. Rising utilization of blockchain technology in retail and supply chain sectors are factors prompting major players to invest in blockchain supply chain
Key players in the market include IBM Corporation, Oracle Corporation, SAP SE, Microsoft Corporation, Huawei Technologies Co., Ltd., Amazon Web Services Inc., Guardtime Inc., TIBCO Software Inc., Auxesis Group, BTL Group, Accenture PLC, and Omnichain Inc.
Radical Highlights of the Blockchain Supply Chain Market Report:
Comprehensive overview of the Blockchain Supply Chain market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and RD advancements on the Blockchain Supply Chain market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
Emergen Research has segmented the global blockchain supply chain market on the basis of component, type, application, end use, and region:
- Component Outlook (Revenue, USD Billion; 2018–2028)
- Platform
- Services
- Type Outlook (Revenue, USD Billion; 2018–2028)
- Public
- Private
- Consortium
- Application Outlook (Revenue, USD Billion; 2018–2028)
- Smart Contracts
- Payment Settlement
- Product Traceability
- Compliance Management
- Inventory Monitoring
- Others
- End Use Outlook (Revenue, USD Billion; 2018–2028)
- Manufacturing
- Logistics
- Retail
- Healthcare
- Food Beverages
- Oil Gases
- Others
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Regional Analysis of the Blockchain Supply Chain Market:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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- Extensive market scope covering all major offerings in the ecosystem
- In-depth analysis for all the countries covered in each report
- Current and upcoming trends impact analysis
- Robust Research Methodology
- Comprehensive Reports
- Latest Technological Developments
The report strives to present the reader with deep insights of the market that can assist them in making fruitful business decisions and strategic investment plans. It highlights the lucrative investment opportunities and growth prospects to help key companies and new entrants capitalize on the emerging opportunities and gain a robust footing in the market.
The report further segments the market on the basis of product types and application spectrum offered in the market. The report also offers insights into the segment expected to show significant growth over the forecast period.
Key Objectives of the Report:
Analysis and estimation of the Blockchain Supply Chain market size and share for the projected period of 2020-2027
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Blockchain Supply Chain market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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