DUBLIN–(BUSINESS WIRE)–“Blockchain Supply Chain Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added ResearchAndMarkets.com’s Offering.
The global blockchain supply chain market reached a value of USD 355.47 million in 2021. Looking ahead, the publisher expects the market to reach a value of USD 4,874.24 million by 2027, showing a CAGR of 54.71% during 2021 -2027.
Companies mentioned
-
Accenture plc
-
Amazon Web Services Inc. (Amazon.com Inc.)
-
Auxesis group
-
Duty time
-
Huawei Technologies Co. Ltd.
-
International Business Machines Corporation
-
Microsoft Corporation
-
OpenXcell
-
Oracle Corporation
-
PixelPlex
-
SAP SE
-
TIBCO Software Inc.
Considering the uncertainty of COVID-19, we continuously track and evaluate the direct as well as the indirect impact of the pandemic on various end-use industries. This insight is included in the report as a major market contributor.
Blockchain refers to a shared peer-to-peer technology that synchronizes transaction data across networks and provides a digital database for validated and immutable transactions. Using smart contracts that are automatically triggered when pre-defined business conditions are met, it effectively automates supply chain transactions, thereby removing middlemen and promoting a direct connection between stakeholders.
The blockchain supply chain also acts as an open ledger, with every transaction on the network made available in a read-only format for all participants involved to accurately trace back to the point of origin. Therefore, it ensures optimal transparency at all levels of the supply chain, minimizes the problems that arise during goods transport and reduces the need for information sharing via mail or other communication platforms.
The global market is primarily driven by the widespread use of blockchain technology in the retail supply chain (SCM). This can be attributed to the increasing number of online transactions, along with the growing demand for security and transparency in supply chain transactions.
In line with this, the increasing use of advanced technologies, such as artificial intelligence (AI) and machine learning (ML), in business strategies leads to a higher product uptake across SMEs.
The rapid business automation is further driving the demand for efficient tracking of authentication process information, procurement data and certifications, which in turn is driving the market. In addition to this, the widespread adoption of smart devices among the masses, coupled with a significant increase in Internet subscribers, is resulting in widespread use of these devices for product procurement, thus creating a positive outlook for the market.
Some of the other factors contributing to the market growth include the booming e-commerce sector, the growing demand to eliminate middlemen in the supply chain, and extensive research and development (R&D) activities undertaken by key players.
Important questions answered in this report:
-
How has the global blockchain supply chain market performed so far and how will it perform in the coming years?
-
What has been the impact of COVID-19 on the global blockchain supply chain market?
-
What are the most important regional markets?
-
What is the division of the market based on the component?
-
What is the market segmentation based on application?
-
What is the segmentation of the market based on the industry vertical?
-
What are the different stages in the value chain of the industry?
-
What are the most important driving factors and challenges in the industry?
-
What is the structure of the global blockchain supply chain market and who are the key players?
-
What is the degree of competition in the industry?
Key topics covered:
1 Preface
2 Scope and methodology
3 Summary
4 Introduction
4.1 Overview
4.2 Important industry trends
5 Global Blockchain Supply Chain Market
5.1 Market overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market forecast
6 Market division by component
7 Market division by application
8 Market division by industry Vertical
9 Market distribution by region
10 SWOT analysis
11 Value chain analysis
12 Porter’s Five Forces Analysis
13 Price analysis
14 Competitive landscape
14.1 Market structure
14.2 Key Players
14.3 Profiles of Key Players
For more information on this report visit
