Blockchain Supply Chain Market Trend – Growing Demand for Transparency and Secure Transactions in Supply Chain
VANCOUVER, BC, CANADA, May 4, 2022 /EINPresswire.com/ —
the blockchain supply chain market the size reached USD 271 million in 2020 and is expected to reach USD 14,180 million in 2028 and register a CAGR of 63.9% in 2028, according to the latest analysis from Emergen Research. Steady growth in market revenue can be attributed to growing need for transparency in supply chain, technological advancement in supply chain transactions is a driving factor for improved data security and keeping records of transactions. Moreover, this trend is expected to continue during the forecast period.
The global Blockchain Supply Chain Market report offers in-depth knowledge and insights into the Blockchain Supply Chain Market regarding market size, market share, growth influencing factors, opportunities and current and emerging trends. The report is formulated with the updated and latest information of the Global Blockchain Supply Chain Market validated and verified by the industry experts and professionals. The global Blockchain Supply Chain Market report contains historical, current, and forecast revenue generation and profit estimation for each segment and sub-segment of the Blockchain Supply Chain market in each key region of the world. The report further sheds light on the emerging growth opportunities in the field of business that are expected to support the growth of the market.
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Some key highlights of the report
• In April 2021, IBM Corporation and IPwe entered into a partnership to build the infrastructure to represent patents as non-fungible tokens (NFTs) and store the records on a blockchain network. The tokenization of intellectual property (IP) can make it possible to sell, share, market or monetize patents, as well as add new liquidity to the market.
• Services segment accounted for the largest revenue share in the blockchain supply chain market in 2020, which is expected to grow rapidly during the forecast period. The growing need for transparency in the supply chain, increasing adoption of technology in supply chain functions, and improved services such as decentralization, immutability, faster and low-cost transactions. cost are factors driving the growth of the market.
• The revenue growth rate of inventory monitoring segment is expected to increase rapidly over the forecast period. Another factor driving the market revenue growth over the forecast period.
The report further offers comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers the strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches and brand promotions, among others. The report aims to provide readers with a comprehensive understanding of the relevant characteristics of the industry.
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Additionally, the report provides a comprehensive overview of the Blockchain Supply Chain market along with the product portfolio and market performance. The report offers key insights on market share, supply chain analysis, supply and demand ratio, import/export details, and product and consumption patterns. For better understanding, the report is further segmented into sections such as product types offered by the market, application spectrum, companies, and key geographical regions where the market has established its presence.
The analysis of the segments and their growth projection is carried out by historical and current in-depth analysis of the market scenario. Additionally, the report provides details of the blockchain supply chain market drivers and characteristics that are expected to drive the growth of the industry in the coming years.
Major market players include
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.
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Emergen Research has segmented the global blockchain supply chain market on the basis of component, type, application, end-use, and region:
Components Outlook (Revenue, USD Billion; 2018-2028)
Type Outlook (Revenue, USD Billion; 2018-2028)
Application Outlook (Revenue, USD Billion; 2018-2028)
• Smart contracts
• Payment settlement
• Product traceability
• Compliance management
• Inventory monitoring
End-Use Outlook (Revenue, USD Billion; 2018-2028)
• Health care
• Food and drinks
• Oil and gas
• Regional Outlook (Revenue, USD Million; 2018-2028)
o North America
1. United States
3. United Kingdom
7. Rest of Europe
4. South Korea
5. Rest of APAC
o Latin America
2. Rest of LATAM
o Middle East and Africa
1. Saudi Arabia
3. South Africa
5. Rest of the MEA
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Key questions answered by the report:
What is the blockchain supply chain market growth rate?
What is the predicted market valuation of the Blockchain Supply Chain market industry by 2028?
What are the major growth and restraining factors of the Blockchain Supply Chain market?
Who are the major players operating in the market? What are the main strategies adopted by these companies?
What are the key opportunities and industry growth prospects of the Blockchain Supply Chain Market over the forecast period?
Which region is expected to show significant growth in the coming years?
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