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Blockchain Technology Market in Transportation and Logistics Industry by Mode of transporation, End-user and Geography - Forecast and Analysis 2023-2027

  • Published: Nov 2022
  • Pages: 165
  • SKU: IRTNTR44362
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The blockchain technology market in the transportation and logistics industry market is estimated to grow at a CAGR of 39.78% between 2022 and 2027. The size of the market is forecast to increase by USD 2,230.89 million. The growth of the market depends on serval factors, including the growing use of blockchain technology for trucking, the booming e-commerce industry, and the growing number of cargo thefts. 

This report extensively covers market segmentation by mode of transportation (land, sea, and others), end-user (SMEs and large enterprises), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Blockchain Technology Market In Transportation And Logistics Industry Market During the Forecast Period?

Blockchain Technology Market in Transportation and Logistics Industry Market Size

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Parent Market Analysis

The reports categorize the global blockchain technology market in the transportation and logistics industry market as a part of the Data Processing & Outsourced Services. The parent global IT services market covers companies offering IT consulting and system integration services, application services, electronic data processing services, business process outsourcing services, infrastructure services, and Internet services. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Blockchain Technology Market In Transportation And Logistics Industry Market: Key Drivers, Trends, Challenges, and Customer Landscape

The growing use of blockchain technology for trucking is notably driving market growth, although factors such as the high cost of implementing and maintaining blockchain technology may impede market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Blockchain Technology Market In Transportation And Logistics Industry Market Driver

The growing use of blockchain technology for trucking is notably driving the blockchain technology market in the transportation and logistics industry market growth. Trucking is one of the largest industries in the world. The growing number of infrastructure projects rise in demand from the logistics sector, and the increasing demand for an efficient supply chain to transport goods are boosting the demand for trucks.

Blockchain technology stores information in incorruptible blocks across a shared digital network. This can revolutionize the trucking and logistics industries, as the technology can help trucking companies in tracking shipments, manage fleets, and complete transactions. It can also help trucking companies maintain records of all trucks in their fleet, besides keeping a specific record of maintenance provided or damages incurred throughout the life of the trucks. In addition, the blockchain will also increase the efficiency of business operations in the trucking industry by reducing the need for checking business transactions and enhancing visibility by ensuring that capacity planning is operating smoothly. This will lead to an increase in the adoption of blockchain technology in the transportation and logistics industry, thereby leading to the growth of the blockchain technology market in the transportation and logistics industry during the forecast period.

Key Blockchain Technology Market In Transportation And Logistics Industry Market Trend

The rise in strategic alliances is a major trend in the blockchain technology market in the transportation and logistics industry market. The increasing demand for blockchain technology from the transportation and logistics industry is encouraging vendors to form strategic alliances to improve their market reach and customer base. Furthermore, intense competition in the market is expected to compel established vendors to increase their market presence through strategic alliances during the forecast period.

Vendors offering blockchain technology are investing extensively in joint ventures and acquisitions to capture a major share of the global blockchain technology market in the transportation and logistics industry and expand their presence in new regions. Through this technology, forwarders, shippers, truckers, carriers, and customs agencies can collaborate efficiently for a single version of the truth and an immutable audit trail with low latency. Such factors will lead to an increase in the adoption of blockchain technology in the focused industry, thereby helping the market to grow during the forecast period.

Key Blockchain Technology Market In Transportation And Logistics Industry Market Challenge

The high cost of implementing and maintaining blockchain technology is the primary challenge impeding the blockchain technology market in the transportation and logistics industry market growth. With the adoption of blockchain technology, the transportation and logistics industry is expected to have long-term benefits in accordance with productivity, security, and efficiency during the forecast period. However, the initial implementation of the technology is capital-intensive. This is because the software which is required in order to run the blockchain technology is typically developed for a specific firm, and hence, it is expensive to purchase or develop in-house. The implementing cost is very high, as enterprises in the transportation and logistics industry have to incur expenses for implementing servers and nodes to hold the exponentially increasing amount of data that will be added to the blockchain.

A blockchain database is designed in a way to store data indefinitely, so the recurring payment model does not work. 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. Therefore, enterprises in the transportation and logistics industry, which are planning to implement the blockchain, need to carefully analyze the high cost of implementation associated with it. Also, the number of individual processing nodes in the blockchain in an enterprise increases from time to time as the network grows. This will further add to the cost of implementing the blockchain, thereby affecting the growth of the market during the forecast period.

Key Blockchain Technology Market In Transportation And Logistics Industry Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Blockchain Technology Market in Transportation and Logistics Industry Market Share by Geography

Global Blockchain Technology Market in Transportation and Logistics Industry Market Customer Landscape

Who are the Major Blockchain Technology Market in Transportation and Logistics Industry Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Capgemini Service SAS - The company operates under multiple segments including strategy and transformation and applications and technology among others with a high focus on applications and technology. The company under this segment offers a local technology services model, working closely with its clients' teams. The company's key offerings include blockchain technology in the transportation and logistics industry. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Accenture Plc
  • Amazon.com Inc.
  • Amcon Soft
  • Arateg
  • Cargoledger 
  • Deloitte Touche Tohmatsu Ltd.
  • HCL Technologies Ltd.
  • Infosys Ltd.
  • International Business Machines Corp.
  • Koopman Logistics Group BV
  • Microsoft Corp.
  • modum.io AG
  • OpenLedger
  • Oracle Corp.
  • PixelPlex

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Blockchain Technology Market In Transportation And Logistics Industry Market?

The market share growth by the land segment will be significant during the forecast period. The land mode segment of the global blockchain technology market in the transportation and logistics industry includes transportation and logistics through railways and roadways. Rail transportation is one of the major influencing factors for trade operations within a country. It is mostly used for bulk/neo-bulk cargoes such as coal, ores, cement, petroleum, naphtha, salt, bitumen, grains, and polymers to be transported across long distances. Additionally, it provides more reliable service than other modes of transportation. 

Blockchain Technology Market in Transportation and Logistics Industry Market Size

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The land segment shows a gradual increase in the market share of USD 79.24 million in 2017 and continued until 2021. In road transportation, trucking is the best way to carry goods, as it is a necessary step in the transportation of goods from the place of arrival to the destination, even if logistics companies implement another mode, such as sea, air, etc. Transportation by road has the advantage of door-to-door service when compared with the other modes, which means that the receiver does not need to collect goods from any other place. Additionally, road transportation is a cost-efficient method for short and medium distances when compared with other modes of transportation. Therefore, the land segment is expected to grow, leading to the growth of the market in focus during the forecast period.

Which are the Key Regions for the Blockchain Technology Market In Transportation And Logistics Industry Market?

Blockchain Technology Market in Transportation and Logistics Industry Market Share by Geography

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North America is projected to hold a share of 37% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The blockchain technology market in the transportation and logistics industry in North America is expected to grow during the forecast period due to the increase in the adoption of the technology among enterprises for securely exchanging the bill of lading information, as well as for settling freight, repair, and lease costs. Enterprises are adopting blockchain technology in the supply chain to create more visibility of information for their customers and users, which, in turn, leads to the improvement of the efficiency of the enterprise. Blockchain technology will enable a secure sharing of information among trading partners and enhance end-to-end transparency by digitizing the supply chain.

The implementation of blockchain technology in the pharmaceutical supply chain is a new trend in the North American market. As a result, many pharmaceutical vendors are now outsourcing their logistics operations to companies to reduce the overall cost and increase the distribution network. The growth in this market is increasing, which is posing a challenge for warehousing and logistics companies in adjusting to the greater capacity and inventory costs. Therefore, the increase in the production of new drugs among local and major vendors is expected to result in the entry of new vendors into the market, which, in turn, will benefit logistics service providers. Therefore, these factors will lead to the increased adoption of blockchain technology in the region during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Mode Of Transportation (Land, Sea, and Others), End-user (SMEs and Large enterprises), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).

  • Mode of Transportation Outlook (USD Million, 2017 - 2027)
    • Land
    • Sea
    • Others
  • End-user Outlook (USD Million, 2017 - 2027)
    • SMEs
    • Large enterprises
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Blockchain Technology Market In Transportation And Logistics Industry Market Scope

Report Coverage

Details

Page number

165

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 39.78%

Market growth 2023-2027

USD 2,230.89 million

Market structure

Fragmented

YoY growth (%)

37.72

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 37%

Key countries

US, China, Japan, Germany, and Switzerland

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Accenture Plc, Amazon.com Inc., Amcon Soft, Arateg, Capgemini Service SAS, Cargoledger , Deloitte Touche Tohmatsu Ltd., HCL Technologies Ltd., Infosys Ltd., International Business Machines Corp., Koopman Logistics Group BV, Microsoft Corp., modum.io AG, OpenLedger, Oracle Corp., PixelPlex, SAP SE, Slync Inc., Sweetbridge Ltd., Tencent Holdings Ltd., and Wipro 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 forecast period

Customization purview

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What are the Key Data Covered in this Blockchain Technology Market In Transportation And Logistics Industry Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the blockchain technology market in the transportation and logistics industry market between 2023 and 2027
  • Precise estimation of the blockchain technology market in the transportation and logistics industry market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across North America, Europe, APAC, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of the blockchain technology market in the transportation and logistics industry market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Mode of Transportation
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global blockchain technology market in transportation and logistics industry 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global blockchain technology market in transportation and logistics industry 2017 - 2021 ($ million)
    • 4.2 Mode of Transportation Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Mode of Transportation Segment 2017 - 2021 ($ million)
    • 4.3 End-user Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Mode of Transportation

    • 6.1 Market segments
      • Exhibit 30: Chart on Mode of Transportation - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Mode of Transportation - Market share 2022-2027 (%)
    • 6.2 Comparison by Mode of Transportation
      • Exhibit 32: Chart on Comparison by Mode of Transportation
      • Exhibit 33: Data Table on Comparison by Mode of Transportation
    • 6.3 Land - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Land - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Land - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Land - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Land - Year-over-year growth 2022-2027 (%)
    • 6.4 Sea - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Sea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Sea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Sea - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Sea - Year-over-year growth 2022-2027 (%)
    • 6.5 Others - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Mode of Transportation
      • Exhibit 46: Market opportunity by Mode of Transportation ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 47: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 49: Chart on Comparison by End-user
      • Exhibit 50: Data Table on Comparison by End-user
    • 7.3 SMEs - Market size and forecast 2022-2027
      • Exhibit 51: Chart on SMEs - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on SMEs - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on SMEs - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on SMEs - Year-over-year growth 2022-2027 (%)
    • 7.4 Large enterprises - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Large enterprises - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Large enterprises - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Large enterprises - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Large enterprises - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by End-user
      • Exhibit 59: Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 63: Chart on Geographic comparison
      • Exhibit 64: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 Switzerland - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Switzerland - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on Switzerland - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on Switzerland - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Switzerland - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 105: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 108: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 109: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 110: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 111: Matrix on vendor position and classification
            • 12.3 Accenture Plc
              • Exhibit 112: Accenture Plc - Overview
              • Exhibit 113: Accenture Plc - Business segments
              • Exhibit 114: Accenture Plc - Key news
              • Exhibit 115: Accenture Plc - Key offerings
              • Exhibit 116: Accenture Plc - Segment focus
            • 12.4 Amazon.com Inc.
              • Exhibit 117: Amazon.com Inc. - Overview
              • Exhibit 118: Amazon.com Inc. - Business segments
              • Exhibit 119: Amazon.com Inc. - Key news
              • Exhibit 120: Amazon.com Inc. - Key offerings
              • Exhibit 121: Amazon.com Inc. - Segment focus
            • 12.5 Capgemini Service SAS
              • Exhibit 122: Capgemini Service SAS - Overview
              • Exhibit 123: Capgemini Service SAS - Business segments
              • Exhibit 124: Capgemini Service SAS - Key news
              • Exhibit 125: Capgemini Service SAS - Key offerings
              • Exhibit 126: Capgemini Service SAS - Segment focus
            • 12.6 Cargoledger
              • Exhibit 127: Cargoledger  - Overview
              • Exhibit 128: Cargoledger  - Product / Service
              • Exhibit 129: Cargoledger  - Key offerings
            • 12.7 Deloitte Touche Tohmatsu Ltd.
              • Exhibit 130: Deloitte Touche Tohmatsu Ltd. - Overview
              • Exhibit 131: Deloitte Touche Tohmatsu Ltd. - Business segments
              • Exhibit 132: Deloitte Touche Tohmatsu Ltd. - Key offerings
              • Exhibit 133: Deloitte Touche Tohmatsu Ltd. - Segment focus
            • 12.8 HCL Technologies Ltd.
              • Exhibit 134: HCL Technologies Ltd. - Overview
              • Exhibit 135: HCL Technologies Ltd. - Business segments
              • Exhibit 136: HCL Technologies Ltd. - Key offerings
              • Exhibit 137: HCL Technologies Ltd. - Segment focus
            • 12.9 Infosys Ltd.
              • Exhibit 138: Infosys Ltd. - Overview
              • Exhibit 139: Infosys Ltd. - Business segments
              • Exhibit 140: Infosys Ltd. - Key news
              • Exhibit 141: Infosys Ltd. - Key offerings
              • Exhibit 142: Infosys Ltd. - Segment focus
            • 12.10 International Business Machines Corp.
              • Exhibit 143: International Business Machines Corp. - Overview
              • Exhibit 144: International Business Machines Corp. - Business segments
              • Exhibit 145: International Business Machines Corp. - Key news
              • Exhibit 146: International Business Machines Corp. - Key offerings
              • Exhibit 147: International Business Machines Corp. - Segment focus
            • 12.11 Koopman Logistics Group BV
              • Exhibit 148: Koopman Logistics Group BV - Overview
              • Exhibit 149: Koopman Logistics Group BV - Product / Service
              • Exhibit 150: Koopman Logistics Group BV - Key offerings
            • 12.12 Microsoft Corp.
              • Exhibit 151: Microsoft Corp. - Overview
              • Exhibit 152: Microsoft Corp. - Business segments
              • Exhibit 153: Microsoft Corp. - Key news
              • Exhibit 154: Microsoft Corp. - Key offerings
              • Exhibit 155: Microsoft Corp. - Segment focus
            • 12.13 modum.io AG
              • Exhibit 156: modum.io AG - Overview
              • Exhibit 157: modum.io AG - Product / Service
              • Exhibit 158: modum.io AG - Key offerings
            • 12.14 Oracle Corp.
              • Exhibit 159: Oracle Corp. - Overview
              • Exhibit 160: Oracle Corp. - Business segments
              • Exhibit 161: Oracle Corp. - Key news
              • Exhibit 162: Oracle Corp. - Key offerings
              • Exhibit 163: Oracle Corp. - Segment focus
            • 12.15 SAP SE
              • Exhibit 164: SAP SE - Overview
              • Exhibit 165: SAP SE - Business segments
              • Exhibit 166: SAP SE - Key news
              • Exhibit 167: SAP SE - Key offerings
              • Exhibit 168: SAP SE - Segment focus
            • 12.16 Slync Inc.
              • Exhibit 169: Slync Inc. - Overview
              • Exhibit 170: Slync Inc. - Product / Service
              • Exhibit 171: Slync Inc. - Key offerings
            • 12.17 Sweetbridge Ltd.
              • Exhibit 172: Sweetbridge Ltd. - Overview
              • Exhibit 173: Sweetbridge Ltd. - Product / Service
              • Exhibit 174: Sweetbridge Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 175: Inclusions checklist
                • Exhibit 176: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 177: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 178: Research methodology
                • Exhibit 179: Validation techniques employed for market sizing
                • Exhibit 180: Information sources
              • 13.5 List of abbreviations
                • Exhibit 181: List of abbreviations
              • Engineering and Research and Development Services

                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
                Technavio

                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
                Technavio

                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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                Blockchain Technology Market in Transportation and Logistics Industry market growth will increase by $2230.89 million during 2023-2027.
                The blockchain technology market in transportation and logistics industry market is expected to grow at a CAGR of 39.78% during 2023-2027.
                Technavio has segmented the blockchain technology market in transportation and logistics industry market by mode of transportation (Land, Sea, and Others) ,end-user (SMEs, Large enterprises, APAC, South America, and MEA) , and geography (North America, Europe, APAC, South America, and Middle East and Africa).
                Accenture Plc, Amazon.com Inc., Amcon Soft, Arateg, Capgemini Service SAS, Cargoledger , Deloitte Touche Tohmatsu Ltd., HCL Technologies Ltd., Infosys Ltd., International Business Machines Corp., Koopman Logistics Group BV, Microsoft Corp., modum.io AG, OpenLedger, Oracle Corp., PixelPlex, SAP SE, Slync Inc., Sweetbridge Ltd., Tencent Holdings Ltd., Wipro Ltd. are a few of the key vendors in the blockchain technology market in transportation and logistics industry market.
                North America will register the highest growth rate of 36.86% among the other regions. Therefore, the blockchain technology market in transportation and logistics 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 technology market in transportation and logistics industry market growth are:
                • Growing use of blockchain technology for trucking
                • Advent of BaaS
                The blockchain technology market in transportation and logistics industry market vendors should focus on grabbing business opportunities from the land segment as it accounted for the largest market share in the base year.
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