blockchain supply chain market Share by Growth Size, Driving Factors, Key Segments and Regional Analysis
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.
The latest report is the first study encompassing the current blockchain supply chain market situation with respect to the COVID-19 outbreak. Since the advent of the outbreak, the global economic landscape has been grappling with adverse financial consequences. The report analyzes the drastic impact of the pandemic on this business sphere. The pandemic has affected nearly all segments of the blockchain supply chain market. It has further hampered the developmental scope of various manufacturers and buyers engaged in this sector. Thus, the report studies the ’s shifting dynamics to scrutinize the profits earned or loss suffered by different segments.
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.
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Some Key Highlights From Report
- In April 2021, IBM Corporation and IPwe entered into partnership to build the infrastructure for representing patents as Non-Fungible Tokens (NFTs) and storing the records on a blockchain network. Tokenization of intellectual property (IP) can enable to sell, share, commercialize, or otherwise monetize patents, as well as add new liquidity to the market.
- 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.
The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.
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Furthermore, the report provides a comprehensive overview of the blockchain supply chain Market along with product portfolio and market performance. The report offers key insights into market share, supply chain analysis, demand and supply ratio, import/export details, and product and consumption patterns. To gain a better understanding, the report is further segmented into sections such as product types offered by the market, application spectrum, companies, and key geographical regions where the market has established its presence.
Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the blockchain supply chain Market Expected to boost the growth of the industry in the coming years.
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.
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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 Outlook (Revenue, USD Million; 2018–2028)
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- France
- K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
- North America
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Key Questions Answered in the Report:
What is the growth rate of the blockchain supply chain Market?
What is the anticipated market valuation of blockchain supply chain Market industry by 2028?
What are the key growth driving and restraining factors of the blockchain supply chain Market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the blockchain supply chain Market industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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