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Blockchain Market in Supply Chain Industry by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR72106
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The blockchain market share in the supply chain industry is expected to increase by USD 3.32 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 50.13%.

This blockchain market in supply chain industry research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the blockchain market in the supply chain industry segmentation by application (transportation, warehousing, and others) and geography (North America, Europe, APAC, South America, and MEA). The blockchain market in the supply chain industry report also offers information on several market vendors, including 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.

What will the Blockchain Market Size in Supply Chain Industry be During the Forecast Period?

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Blockchain Market in Supply Chain Industry: Key Drivers and Trends

The growing number of cargo thefts is notably driving the blockchain market growth in the supply chain industry, although factors such as high initial setup and implementation cost may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the blockchain market in the supply chain industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Blockchain Market in Supply Chain Industry Driver

The growing number of cargo theft is one of the key drivers supporting the blockchain market growth in the supply chain industry. For instance, in California, violent gangs such as the MS-13 use cargo thefts to finance criminal activities, while in Canada, the Chinese Triad crime organization has been linked to several reported cargo thefts. However, blockchain technology can help in reducing cargo thefts because once the information is stored, it cannot be changed. Hence, ensuring the safety of cargo and easing the tracking of products during transitions will positively impact the growth of the market in focus.

Key Blockchain Market in Supply Chain Industry Challenge

High initial setup and implementation costs may hamper the blockchain market growth in the supply chain industry during the forecast period. The technology is typically developed and customized to suit individual company requirements, making it expensive to purchase or develop in-house. As every transaction is stored in the ledger, the amount of data will increase rapidly in the blockchain, depending on the frequency and number of transactions. Thus, to effectively and efficiently manage such a high number of transactions, the blockchain technology system will require a highly advanced solution that increases the cost.

This blockchain market in the supply chain industry analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Blockchain Market Vendors in Supply Chain Industry?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 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.

 

This statistical study of the blockchain market in the supply chain industry encompasses successful business strategies deployed by the key vendors. The blockchain market in the supply chain industry is fragmented and the vendors are deploying organic and inorganic growth strategies such as to compete in the market.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The blockchain market in the supply chain industry forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Blockchain Market In Supply Chain Industry?

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45% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the blockchain market in the supply chain industry in North America. Market growth in this region will be slower than the growth of the market in other regions.

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 will facilitate the blockchain market growth in supply chain industry in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Blockchain Market in Supply Chain Industry?

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The blockchain market share growth in the supply chain by the transportation segment will be significant during the forecast period. Blockchain technology acts as additional security to core processes in the transportation and logistics industry. The technology creates a shared view of the data in real-time for all stakeholders involved in the supply chain. This has increased transparency in the transportation and logistics industry. Thus, blockchain technology in the supply chain will optimize the entire supply chain, which will drive its market growth. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the blockchain market size in the supply chain industry and actionable market insights on post-COVID-19 impact on each segment.

 

Blockchain Market in Supply Chain Industry Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 50.13%

Market growth 2022-2026

$ 3.32 billion

Market structure

Fragmented

YoY growth (%)

40.04

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 45%

Key consumer countries

US, China, UK, Germany, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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 inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Blockchain Market in Supply Chain Industry Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive blockchain market growth in the supply chain industry during the next five years
  • Precise estimation of the blockchain market size in the supply chain industry and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the blockchain market in the supply chain industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of the blockchain market vendors in supply chain industry 

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Executive Summary

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

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Transportation - 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
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 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

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The blockchain market in supply chain industry market growth will increase by $3325.00 million during 2021-2026.
The blockchain market in supply chain industry market is expected to grow at a CAGR of 50.13% during 2021-2026.
Technavio has segmented the blockchain market in supply chain industry market by application (Transportation, Warehousing, and Others) and geographic (North America, Europe, APAC, South America, and MEA).
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. are a few of the key vendors in the blockchain market in supply chain industry market.
North America will register the highest growth rate of 45.49% among the other regions. Therefore, the blockchain market in supply chain industry market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the blockchain market in supply chain industry market growth are:
  • Growing number of cargo thefts
The blockchain market in supply chain industry market vendors should focus on grabbing business opportunities from the transportation segment as it accounted for the largest market share in the base year.
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