Blockchain Supply Chain Market Drivers, Restraints, Mergers & Acquisitions, PESTELE Analysis and Business Opportunities

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Increasing demand for transparency, secure transactions and increasing use of technologies such as AI and Machine Learning in the supply chain industry.

VANCOUVER, BRITISH COLUMBIA, CANADA, May 10, 2023 /EINPresswire.com/ — Emergen Research’s latest study, “Global Blockchain Supply Chain Market – Forecast to 2028,” provides a comprehensive analysis of current and potential developments in the global keyword market. The latest research study serves as a good example of how the worldwide Blockchain Supply Chain market was thoroughly researched. The study methodology, the competitive environment, geographical segmentation, future development and technical innovation are all discussed. There is also a table of contents. and a list of tables and figures. The worldwide disruption has affected this industry in virtually every way. However, the latest report makes predictions about how the pandemic will affect this sector of the economy and examines the state of the market. In addition, the analysis covered the most important market segments and reached well-qualified conclusions regarding the current state of the industry.

The blockchain supply chain market size reached USD 271 million in 2020 and is expected to reach USD 14,180 million in 2028 registering a CAGR of 63.9% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to the growing need for transparency in the supply chain, technological advancements in supply chain transactions are a factor driving increasing focus on improving data security and keeping track of transactions. Additionally, this trend is expected to continue during the forecast period. Increasing use of Internet of Things (IoT) technology, digital recording of data validation and increased traceability of products or goods in transit to solve associated problems are factors expected to stimulate the adoption of blockchain supply chain on the way. Increasing use of blockchain technology in retail and supply chain are factors that lead major players to invest in the blockchain supply chain.

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Leading companies profiled in the report:

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.

Global Blockchain Supply Chain Market Geographical Landscape – Summary:

The report carefully studies the growth trajectory of the global Blockchain Supply Chain market. It brings forth the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

The study elaborates on the crucial information related to the regional market share. It simultaneously focuses on the significant details of the growth patterns of each regional market.

The report also includes an exhaustive geographic study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.

Some important highlights from the report

In April 2021, IBM Corporation and IPwe partnered to build the infrastructure to represent patents as Non-Fungible Tokens (NFT) and store the records on a blockchain network. Tokenization of intellectual property (IP) can make it possible to sell, share, commercialize or otherwise monetize patents, as well as inject new liquidity into the market.

The services segment accounted for the largest revenue share in the blockchain supply chain market in 2020, which is estimated to increase rapidly during the forecast period. Increasing need for transparency in the supply chain, increasing use of technology in supply chain functions and improved services such as decentralization, immutability, faster and affordable transactions are factors boosting the market growth.

The revenue growth rate of the inventory monitoring segment is estimated to decline rapidly during the forecast period. Growing need for more data accuracy and authenticity, and growing focus on streamlining workflow and keeping accurate records and maintaining hassle-free inventory is another factor boosting market revenue growth during the forecast period.

The logistics segment accounted for the largest revenue share in the global blockchain supply chain market in 2020, which is expected to rise rapidly during the forecast period.

North America accounted for the largest revenue share contribution to the global blockchain supply chain market in 2020. Increasing use of technologically advanced systems such as Artificial Intelligence and the Internet of Things are factors expected to increase the growth of the blockchain supply chain market in the region.

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In addition, analytical data is presented in a well-organized format in the form of charts, tables, graphs, figures and diagrams in the report. This makes it easier for the readers to understand the market scenario in a beneficial way. In addition, the report aims to provide a forward-looking perspective and an educational conclusion to help the reader make profitable business decisions. The report concludes with a comprehensive SWOT and Porter’s Five Forces analysis of the segments expected to dominate the market, regional breakdown, estimated market size and share, and more.

On the basis of type, the market is segmented into

Component Outlook (Revenue, USD Billion; 2018-2028)
Platform

Services

Type Outlook (Revenue, billion USD; 2018-2028)
Public

Private

Consortium

Application Outlook (Revenue, USD Billion; 2018-2028)
Smart contracts

Payment and settlement

Product traceability

Compliance management

Inventory monitoring

Others

To shed light on the competitive landscape of the global Blockchain Supply Chain market:

The global Blockchain Supply Chain market report offers viable insights into the competitive spectrum of the Blockchain Supply Chain business sphere.

The report systematically profiles the company information of each market player.

It identifies estimated industry share, manufacturing facilities, development prospects, and geographical areas served by each market player.

The study shows the extensive product portfolios of the prominent market competitors.

It offers critical data and information about the scope of the product application and the end-user landscape.

The study provides prominent information about the pricing models for the products offered by these companies. Also, it determines the gross profits and losses they experience throughout their market period.

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