Blockchain Market in Supply Chain Industry Expected to Grow by $3.32 Billion | Growing number of cargo flights to drive market growth

  • Blockchain Market in the Supply Chain Industry Engine:
    • Increasing number of cargo flights:

The growing number of cargo flights is supporting the growth of the blockchain market in the supply chain industry. However, blockchain technology can help reduce cargo theft. Indeed, once the information is stored, it can no longer be modified. This helps to ensure cargo security and facilitate product tracking during transitions, which will positively impact the growth of the targeted market.

  • Blockchain Market in Supply Chain Industry Challenge:
    • High initial installation and implementation costs:

Blockchain technology is usually developed and customized to meet the needs of each business. Therefore, it is expensive to buy it or develop it in-house. As each transaction is stored in the ledger, the amount of data in the blockchain increases rapidly, depending on the frequency and number of transactions. Thus, blockchain technology requires a very advanced solution, which increases the cost.

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Geographical analysis

North America will account for 45% of market growth over the forecast period. The adoption of blockchain technology among businesses for the secure exchange of bill of lading related information, as well as for the settlement of freight, repair and rental costs, will drive the growth of the blockchain market in the industry. supply chain in the region during the forecast period. . The United States and Canada are the Key Countries for Blockchain in Supply Chain Industry Market in North America.

Segmentation by application (In-Scope/Out-of-Scope)

The market vendors are expected to focus on capturing the business opportunities from the transportation segment in the application category, as it accounted for the largest market share during the reference year. Blockchain technology acts as an additional security for core processes in the transportation and logistics industry. Blockchain technology in supply chain will optimize the entire supply chain, which will drive the growth of its market.

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Strong points-

  • Segmentation- The report covers in detail market segmentation by application (transportation, warehousing and others) and by geography (North America, EuropeACPA, South Americaand MEA).
  • Key Companies- Accenture Plc, Amazon.com Inc., Capgemini SE, Deloitte Touche Tohmatsu Ltd., Infosys Ltd., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE and Tencent Holdings Ltd., among others.
  • Driver- Growing number of cargo flights
  • Challenge– High initial setup and implementation cost

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Overview of Suppliers-

The blockchain market in the supply chain industry is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The top offerings from some vendors are listed below:

  • Accenture SA – The company offers a supply chain blockchain that provides an immutable audit trail proving the authenticity and compliance of hardware, software, and documentation across supply chains.
  • Amazon.com Inc. – The company offers a blockchain for the supply chain that provides end-to-end visibility, verified transactions, track and trace, and many more.
  • Capgemini SE – The company offers a supply chain blockchain that provides certified sourcing, multi-tier supply chain, and carbon tracking.

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Blockchain market in the supply chain sector

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 50.13%

Market Growth 2022-2026

$3.32 billion

Market structure

Fragmented

Annual growth (%)

40.04

Regional analysis

North America, Europe, APAC, South America and MEA

Successful market contribution

North America at 45%

Main consumer countries

USA, China, UK, Germany and Canada

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Reach

Profiled Key Companies

Accenture Plc, Amazon.com Inc., Capgemini SE, Deloitte Touche Tohmatsu Ltd., Infosys Ltd., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE and Tencent Holdings Ltd.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Status Analysis market for the forecast period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents

Abstract

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market outlook: forecast for 2021 – 2026

Five forces analysis

  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by application

  • Market segments
  • Comparison by application
  • Transport – Market size and forecast 2021-2026
  • Warehousing – Market size and forecast 2021-2026
  • Others – Market size and forecast 2021-2026
  • Market Opportunity by Application

Customer landscape

Geographic landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2021-2026
  • Europe – Market size and forecast 2021-2026
  • APAC – Market size and forecast 2021-2026
  • South America – Market size and forecast 2021-2026
  • MEA – Market size and forecast 2021-2026
  • Main leading countries
  • Market Opportunity by Geography
  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Overview
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • Accenture Plc
  • Amazon.com Inc.
  • Capgemini SE
  • Deloitte Touche Tohmatsu Ltd.
  • infosys ltd.
  • International Business Machines Corp.
  • Microsoft Corp.
  • Oracle Corp.
  • SAP SE
  • Tencent holdings ltd.

appendix

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

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