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. Steady market revenue growth can be attributed to increasing need of transparency in the supply chain, technological advancements in transactions in supply chain are factor driving rising focus on improving data security and maintaining records of transactions. In addition, this trend is expected to continue during the forecast period.
North America accounted for largest revenue share contribution to the global blockchain supply chain market in 2020. Increasing adoption of technologically advanced systems such as Artificial Intelligence and Internet of Things are factors expected to boost growth of the blockchain supply chain market in the region.
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Some Key Highlights From Report
- 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.
- Inventory monitoring segment revenue growth rate is projected to incline rapidly during the forecast period. Rising need for more data accuracy and authenticity, and increasing focus on streamlining workflow and keeping accurate record and maintaining hassle free inventory are another factor boosting market revenue growth during the forecast period.
- 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.
Blockchain Supply Chain Market Segmentation:
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
Regional Bifurcation includes:
- North America(U.S., Canada)
- Europe(U.K., Italy, Germany, France, Rest of EU)
- AsiaPacific(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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Key questions addressed:
- What are the estimated CAGR for the global Blockchain Supply Chain market and each segment in the global market?
- Which market segments and sub-segments have been covered in this report? Which of these segments is foreseen to exhibit the highest growth rate over the projected period? What are the most prominent industry aspects likely to impact the market values and shares of the regions viz., North America, Europe, Asia Pacific, Latin America, and Middle East &Asia? What do the SWOT analysis and Porter’s five forces entailed in the report signify with respect to the future position of the market?
- Which are the leading companies operating in the global Blockchain Supply Chain market? What are their strengths and weaknesses?
- What are the most common market expansion strategies applied by the key market competitors to reinforce their market positions?
Table of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2028
Chapter 3. Key Insights
Chapter 4. Blockchain Supply Chain Market Segmentation & Impact Analysis
4.1. Blockchain Supply Chain Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing need of transparency, automating activities in supply chain
4.2.2.2. Rising concern regarding security of supply chain transaction
4.2.2.3. Increasing adoption of blockchain technology
4.2.3. Market restraints analysis
4.2.3.1. Standardization and inter-operability of blockchain technology
4.2.3.2. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
READ MORE…!
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