Blockchain in Supply Chain Market Expected to Generate a Revenue of $14,884.4 Million and Grow at an Impressive CAGR of 57.4% during the 2021-2028

The global blockchain in supply chain market is expected to experience remarkable growth over the analysis period, due to the increasing demand for blockchain in supply chain management industries. The Asia-Pacific region is expected to have wider growth opportunities by 2028.

According to a report published by Research Dive, the global blockchain in supply chain market is anticipated to garner $14,884.4 million in revenue and rise at a staggering CAGR of 57.4% throughout the forecast period from 2021 to 2028.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐧𝐨𝐰 @ https://www.researchdive.com/download-sample/8493

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬
As per our analysts, the increasing use of blockchain in logistics and supply chain management industries to increase corporate transparency, efficiency, and overall experience of the final delivery phase, is the major factor expected to boost the growth of the blockchain in supply chain market over the analysis period. Besides, blockchain technology offers several benefits, such as fraud protection, continual monitoring of product flow, and many more as it allows transactions to be recorded on distributed ledgers, which is expected to foster the growth of the market during the forecast timeframe. Moreover, the increasing need for blockchain technology to automate the process of storing data in a digital format is predicted to create wide growth opportunities for the growth of the market over the estimated period. However, the lack of awareness of blockchain technology may hinder the growth of the market throughout the forecast period.

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐧 𝐭𝐡𝐞 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐢𝐧 𝐒𝐮𝐩𝐩𝐥𝐲 𝐂𝐡𝐚𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭

The outbreak of the COVID-19 pandemic caused various uncertainties across several industries. This also impacted the blockchain in supply chain market negatively mainly. The rise of the pandemic badly impacted nearly all manufacturers, distributors, and retail industries. However, the surge in e-commerce demand and the increasing adoption of artificial intelligence (AI) and machine learning (ML) across SMEs to innovate advanced corporate plans created growth opportunities for the market during the crisis.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐢𝐧 𝐒𝐮𝐩𝐩𝐥𝐲 𝐂𝐡𝐚𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭

The report has divided the market into segments based on type, application, end-use, and region.

By type, the platform sub-segment is expected to garner a revenue of $9,443.7 million during the estimated timeframe. This is mainly due to the increasing use of blockchain solutions in automating supply chain procedures. Moreover, blockchain platforms support business agility by allowing rapid development and frequent release of features which are predicted to magnify the growth of the market sub-segment over the forecast period.

By application, the product traceability sub-segment is projected to generate a revenue of $3,389.1 million throughout the analysis timeframe. The increasing need for incorporating traceability for multi-tier and multi-site production to resolve issues such as information asymmetry and limited visibility is expected to augment the growth of the blockchain in supply chain market sub-segment during the forecast period.

By end-use, the retail sub-segment is predicted to garner a revenue of $1,868.8 million over the estimated timeframe. The increasing adoption of blockchain technology by retail operators to optimize their supply chain processes is expected to propel the growth of the market sub-segment in the coming period.

By region, the Asia-Pacific blockchain in supply chain market is expected to register a revenue of $4,063.4 million over the estimated period. The increasing adoption of blockchain supply chain software and services in the region due to the growing shift of organizations toward leaner and agile supply chains is predicted to drive the regional growth of the market throughout the analysis period.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 @ https://www.researchdive.com/request-for-customization/8493

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

The major players of the blockchain in supply chain market include Guardtime, Huawei, TIBCO Software, Oracle, Bitfury, SAP SE, Interbit, Microsoft, AWS, IBM, and many more. These players are mainly working on the development of new business strategies such as mergers and acquisitions, partnerships and collaborations, and product development to obtain a leading position in the global industry.

Further, the report also presents other crucial aspects including SWOT analysis, product portfolio, the financial performance of the key players, and the latest strategic development.

𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:

𝐖𝐞𝐛 𝐂𝐨𝐧𝐭𝐞𝐧𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.researchdive.com/5858/web-content-management-market

𝐂𝐥𝐨𝐮𝐝 𝐌𝐢𝐜𝐫𝐨𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.researchdive.com/5861/cloud-microservices-market

𝐆𝐃𝐏𝐑 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.researchdive.com/5843/gdpr-services-market

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