Blockchain Supply Chain Market Value to Exceed USD 9,852.91 Million in 2025

The global blockchain supply chain market, estimated at $93.16 million in 2017, is predicted to reach $9.85 billion by 2025, showing a CAGR of 80.2% from 2018 to 2025, according to a report by Allied Market Research. The key investment pockets, top winning tactics, drivers and opportunities, market size and estimations, the competitive environment, and shifting market trends are all thoroughly examined in the study.

The global blockchain supply chain industry is expanding as a result of rising demand for supply chain transparency and increased transaction security. On the other hand, a lack of knowledge about this technology and a shortage of skilled labourers restrain expansion to some extent.

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The global blockchain supply chain market has been harmed by Covid-19. The disease has spread to key hub regions throughout the global value chain, including the US, Europe, and China. The epidemic has serious ramifications for global manufacturing networks and could have an impact years from now. However, blockchain is also anticipated to protect the supply chain from COVID-19.

Users tend to gain insight across the supply chain when blockchain is involved, and they can start keeping an eye on things like quality control, performance standards, and labour benchmarks. Knowing exactly what's happening at key supply chain nodes during the COVID-19 issue would assist prevent a bad situation from getting worse.

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Platform sales made for more than four-fifths of the global market's revenue by component in 2017 and are predicted to continue to dominate the industry through the end of 2025. In addition, the services sector would experience the fastest CAGR of 87.6% through 2025.

According to industry vertical, the retail segment accounted for almost one-fourth of the global market share in 2017 and is expected to continue to be the market leader for the entire projected period. On the other side, the healthcare sector would experience the fastest CAGR during the research period, at 83.2%.

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By geography, North America garnered the major share in 2017, holding nearly three-fifths of the global market. Simultaneously, the region across Asia-Pacific would manifest the fastest CAGR of 90.4% during the estimated period.

The key market players analyzed in the global blockchain supplychain market report include Microsoft Corporation, Huawei, Oracle Corporation, TIBCO Software, SAP SE, IBM Corporation, AWS Inc., BTL Group, and Auxesis Group. These market players have taken recourse to several strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their stand in the industry.

Key Findings of the Managed Print Services Market:

• By component, the services segment is expected to exhibit significant growth in the global blockchain supply chain industry during the forecast period.
• Based on application, the product traceability segment accounted for the highest revenue in 2017. Further, smart contracts application segment is expected to exhibit highest CAGR growth in the market.
• Based on industry vertical, the retail industry generated the highest revenue in 2017 and the healthcare industry is expected to grow with highest CAGR.
• Based on region, Asia-Pacific is anticipated to exhibit substantial growth during the forecast period. With the significant growth of the market, the blockchain supply chain market outlook looks positive for coming years.

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