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

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.

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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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