Press release
Blockchain in Supply Chain Market - Detailed Analysis of Current and Future Industry Figures till 2027 | Accenture, Amazon, AUXESIS, Huawei, IBM, INTERBIT, Microsoft, Oracle, SAP SE, TIBCO
Blockchain is a record of blocks or digital database of unchallengeable and authenticated transactions. The blockchain technology is an open ledger wherein each transaction on the network is recorded and available for all the parties involved in the network. These transactions can be viewed and verified by all the entities involved. Thereby, blockchain removes the requirement to transfer information among organizations through any other communication channel. It unifies the information sharing within enterprises, thus ensuring the transparency at each level of supply chain management.
The rising need for transparency in the supply chain owing to increased demand for improved security of transactions is the key reason propelling the growth of blockchain in supply chain market. Also, the growth of the e-commerce industry is another significant factor bolstering the demand for the blockchain in supply chain market. However, lack of skilled workforce and awareness regarding the technology are the major challenging factors hindering the blockchain in supply chain market. Moreover, increased automation, coupled with the exclusion of intermediaries in the supply chain management offers lucrative opportunities to the blockchain in supply chain market.
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The reports cover key developments in the Blockchain in Supply Chain market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Blockchain in Supply Chain market are anticipated to lucrative growth opportunities in the future with the rising demand for Blockchain in Supply Chain market in the global market.
Key Players Influencing the Market
• ACCENTURE PLC.
• Amazon Web Services
• AUXESIS GROUP
• Huawei Technologies Co., Ltd.
• IBM CORPORATION
• Interbit Ltd.
• MICROSOFT CORPORATION
• ORACLE CORPORATION
• SAP SE
• TIBCO SOFTWARE
The “Global Blockchain in Supply Chain Market Analysis to 2027” is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of Blockchain in Supply Chain market with detailed market segmentation by component, deployment type, industry vertical, and geography. The global Blockchain in Supply Chain market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Blockchain in Supply Chain market players and offers key trends and opportunities in the market.
The global blockchain in supply chain market is segmented based on component, application and end-user. By component, the blockchain in supply chain market is bifurcated into platform and services. On the basis of application, the blockchain in supply chain market is segmented into smart contracts, payment and settlement, inventory monitoring, product traceability, compliance management and others. The market by end-user is categorized into retail, healthcare, food and beverages, manufacturing, oil and gas and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Blockchain in Supply Chain market based on providers, billing type, enterprise size, and application. It also provides market size and forecast till 2027 for overall Blockchain in Supply Chain market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 counties globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.
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Answers that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the Blockchain in Supply Chain Market.
• Key market trends cracking up the growth of the Blockchain in Supply Chain Market.
• Challenges to market growth.
• Key vendors of Blockchain in Supply Chain Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Blockchain in Supply Chain Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.
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