Press release
Blockchain in Transportation and Logistics Market - Detailed Analysis of Current and Future Industry Figures till 2027 | Accenture, Amazon, IBM, Microsoft, Oracle, PROVENANCE, SAP SE, ShipChain, Tata Consultancy Service, TradeLens
Blockchain technology helps the transportation and logistics industry to record transactions, tracks assets, as well as creates an efficient and transparent system to manage all documents involved in the process. Blockchain technology is a distributed ledger, which digitally records transaction history between the parties involved. Since the information stored in a blockchain is unchangeable, it cannot be altered by any third party. Thus, making the technology more secure in comparison to any existing solution.
The extensive adoption of blockchain technology highly propels the blockchain in the transportation and logistics market for trucking as well as the growth of quantum computing. Furthermore, the immersive growth of the e-commerce sector in developing economies is driving the logistics market, which in turn bolsters the growth of blockchain in the transportation and logistics market. The advantages of blockchain technology, such as increasing transparency, reducing fraud, and offering secure record-keeping, is influencing its adoption positively. Thus driving the demand for blockchain in the transportation and logistics market.
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The reports cover key developments in the Blockchain in Transportation and Logistics 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 Transportation and Logistics market are anticipated to lucrative growth opportunities in the future with the rising demand for Blockchain in Transportation and Logistics market in the global market.
Key Players Influencing the Market
• Accenture
• Amazon Web Services Inc.
• IBM Corporation
• Microsoft Corporation
• Oracle Corporation
• PROVENANCE
• SAP SE
• ShipChain
• Tata Consultancy Service
• TradeLens
The “Global Blockchain in Transportation and Logistics 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 Transportation and Logistics market with detailed market segmentation by component, deployment type, industry vertical, and geography. The global Blockchain in Transportation and Logistics 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 Transportation and Logistics market players and offers key trends and opportunities in the market.
The global blockchain in transportation and logistics market is segmented based on mode, organizational size, and application. By mode, the blockchain in transportation and logistics market is segmented into sea, land, and air. On the basis of organizational size, the blockchain in transportation and logistics market is bifurcated into SMES and large enterprises. The application segment of blockchain in transportation and logistics market is categorized into product traceability, payment and settlement, smart contract, governance risk and compliance management, tracking and visibility, and others.
Besides this, the report analyzes factors affecting Blockchain in Transportation and Logistics market from both demand and supply side and further evaluates market dynamics affecting 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 considered in the Global Blockchain in Transportation and Logistics Market report.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Blockchain in Transportation and Logistics market based on the type and application. It also provides market size and forecast till 2027 for overall Blockchain in Transportation and Logistics 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 the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
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Answers that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the Blockchain in Transportation and Logistics Market.
• Key market trends cracking up the growth of the Blockchain in Transportation and Logistics Market.
• Challenges to market growth.
• Key vendors of Blockchain in Transportation and Logistics Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Blockchain in Transportation and Logistics 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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