Blockchain Technology in Transportation and Logistics Market is Gaining Momentum with Capgemini, Infosys, Microsoft

HTF MI introduces new research on Blockchain Technology in Transportation and Logistics covering the micro level of analysis by competitors and key business segments (2023-2029). The Blockchain Technology in Transportation and Logistics explores a comprehensive study of various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing.

Some of the major key players profiled in the study are Capgemini (France), Infosys Ltd. (India), IBM Corporation (United States), Microsoft Corporation (United States), Oracle Corporation (United States), SAP SE (Germany), Tata Consultancy Services Ltd. (India), Tencent Holdings Ltd. (China), Wipro Ltd. (India).

The global Blockchain Technology in Transportation and Logistics market size is expanding at robust growth of 39.78%, sizing up market trajectory from USD 888.97 Million in 2023 to USD 2,230.89 Million by 2029.

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Definition:
The Blockchain Technology in Transportation and Logistics Market refers to the application of blockchain technology in the transportation and logistics industry to improve transparency, security, and efficiency in the supply chain. Blockchain technology is a decentralized, digital ledger that records transactions and allows secure sharing of data among participants in a network.

On the off chance that you are engaged with the industry or expect to be, at that point this investigation will give you a complete perspective. It's crucial you stay up with the latest sectioned by Applications [SMEs, Large Enterprise], Product Types [Software, Service] and some significant parts of the business.

Market Trends:
 Combining Blockchain and IoT

Market Drivers:
 Faster and Leaner Logistics in Global Trade

Market Opportunities:
 Increasing Venture Capital Funding And Investments In Blockchain Technology

Market Restraints:
 Increasing Venture Capital Funding And Investments In Blockchain Technology

Market Challenges:
 Increasing Venture Capital Funding And Investments In Blockchain Technology

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Blockchain Technology in Transportation and Logistics Market by Key Players: Capgemini (France), Infosys Ltd. (India), IBM Corporation (United States), Microsoft Corporation (United States), Oracle Corporation (United States), SAP SE (Germany), Tata Consultancy Services Ltd. (India), Tencent Holdings Ltd. (China), Wipro Ltd. (India)

Blockchain Technology in Transportation and Logistics Market by Geographical Analysis:

• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)

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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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