Blockchain Market in Supply Chain Industry to grow by USD 4.94 billion between 2022 - 2027 | The increasing complexities due to time-bound deliveries and customization of the supply chain to drive growth - Technavio

NEW YORK, Sept. 15, 2023 /PRNewswire/ -- The Blockchain Market in Supply Chain Industry report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the blockchain market in the supply chain industry between 2022 and 2027 is USD 4.94 billion. The increasing complexities due to time-bound deliveries and customization of the supply chain drive the growth of the market. Selecting or formulating the right supply chain model is very important because customers prefer shorter lead times, while logistics and supply chain companies seek to keep the operational cost as low as possible. The supply chain complexities vary with rural infrastructure based on various factors. The factors include topography, technology advances, and region/country-specific regulations and policies. Market vendors and end-user industries avail blockchain technology to streamline their business operations and maintain high efficiency and agility in the supply chain. Hence, such factors drive the growth of the blockchain market in the supply chain industry during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

• Market Challenge - Lack of awareness about blockchain technology in supply chain management challenges the growth of the market. Blockchain technology is a relatively new technology, and the market is at a nascent stage. The lack of awareness about the solution and its applications across the industry results in a low rate of adoption and slow implementation of the technology across the world and even more in emerging economies. Enterprises in the transportation and logistics industry may consider it unnecessary and an additional burden to implement blockchain technology. Hence, such challenges impede the growth of the blockchain market in the supply chain industry during the forecast period. Learn about additional key drivers, trends, and challenges available with Technavio. Read Free Sample PDF Report Now

The blockchain market in the supply chain industry is segmented by Application (Transportation, Warehousing, and Others), Type (Public, Private, and Hybrid), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). 

• The transportation segment will be significant during the forecast period. This technology acts as additional security to core processes in the transportation and logistics industry. the growth of the segment can be attributed to factors such as the rising number of strategic partnerships between vendors and transportation and logistics companies. Furthermore, stakeholders across the supply chain focus on strategic alliances to expand their product portfolios, gain a competitive advantage, and improve their market reach and customer base. Hence, owing to such factors, there will be a growth in the transportation segment of the blockchain market in the supply chain industry during the forecast period.
•  North America will account for 47% of the global market during the forecast period. View Free Sample Report for insights into the contribution of all the segments and regional opportunities in the report.

Key Companies in the Blockchain Market in the Supply Chain Industry:

Accenture Plc, Amazon.com Inc., Auxesis Services and Technologies International, Bitfury Group Ltd., Capgemini Service SAS, ConsenSys Software Inc., Deloitte Touche Tohmatsu Ltd., GuardTime AS, Huawei Technologies Co. Ltd., Infosys Ltd., International Business Machines Corp., NB Ventures Inc., Omnichain Solutions, SAP SE, Tencent Holdings Ltd., TIBCO Software Inc., VeChain Technology, Wipro Ltd., Oracle Corp., Microsoft Corp.

Related Reports:

The Web 3.0 blockchain market is estimated to grow at a CAGR of 47.85% between 2022 and 2027. The market size is forecast to increase by USD 27,422.25 million.

Blockchain technology in healthcare market is estimated to grow at a CAGR of 32.79% between 2022 and 2027. The market size is forecasted to increase by USD 1,939.31 million.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Application

Market Segmentation by Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio