Blockchain market in supply chain industry size to increase by USD 4,936.05 million: 47% growth to originate from North America

NEW YORK, Dec. 12, 2022 /PRNewswire/ — The blockchain market in supply chain industry by application, type, and geography – forecast and analysis 2023-2027 report has been published by Technavio. Market growth is estimated to accelerate at a CAGR of 52.21% and register an incremental growth of USD 4,936.05 million during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Download A PDF Sample Report

Regional Analysis

By region, the global blockchain market in supply chain is segmented into North America, APAC, Europe, South America, and the Middle East and Africa. North America is estimated to contribute 47% to the growth of the global market over the forecast period. The increase in the adoption of blockchain technology among enterprises for the secure exchange of bill of lading-related information, as well as for settling freight, repair, and lease costs are driving the growth of the regional market.

Company Profiles

The blockchain market in supply chain report includes information on the key products and recent developments of leading vendors, including:

• Omnichain Solutions: The company offers blockchain solutions in the supply chain industry namely Genuinely

• Tencent Holdings Ltd.: The company offers blockchain solutions for the supply chain industry to enable traceability, enhance transparency and accountability between participants, automate procure-to-pay in the supply chain, and secure IoT devices.

• VeChain Technology: The company offers blockchain solutions in the supply chain industry for transparency and traceability.

• Wipro Ltd.: The company offers blockchain solutions in the supply chain industry through Guardtime HSX platform.

• Microsoft Corp.: The company offers blockchain solutions in the supply chain industry namely Infosys Blockchain Pharma Supply Chain Solution.

• 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.

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Market Dynamics

The market is driven by factors such as the growing number of cargo thefts, increasing complexities due to time-bound deliveries and customization of the supply chain and the booming e-commerce industry. However, the high initial setup and implementation cost is hindering the market growth.

Competitive Analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others. Request a Sample

Market Segmentation

• By application, the market is segmented into transportation, warehousing, and others. The transportation segment accounted for the largest share of the market during the forecasted period.

• By geography, the market is segmented into North America, APAC, Europe, South America, and Middle East and Africa. North America will account for 47% of the market’s growth during the forecast period

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What are the key data covered in this blockchain market in supply chain report?

• CAGR of the market during the forecast period

• Detailed information on factors that will drive the growth of the blockchain market in supply chain between 2023 and 2027

• Precise estimation of the size of the blockchain market in supply chain size and its contribution to the market in focus on the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the blockchain market in supply chain industry across APAC, North America, Europe, Middle East and Africa, and South America

• A thorough analysis of the market’s competitive landscape and detailed information about vendors

• Comprehensive analysis of factors that will challenge the growth of blockchain market in supply chain vendors

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Table of contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Application

7 Market Segmentation by Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides 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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Technavio Research
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Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio