Blockchain Supply Chain Market Analysis, Region & Country Revenue Share, & Forecast Till 2028

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Increasing demand for transparency, secure transactions, and rising adoption of technologies such as AI and Machine Learning in the supply chain industry are some key factors driving global blockchain supply chain market growth

The current trends of the Blockchain Supply Chain market, combined with a wide array of growth opportunities, key drivers, restraints, challenges, and other critical aspects, have been vividly detailed in the Blockchain Supply Chain market report. Furthermore, the report takes into account various market dynamics, which, in turn, generate a plethora of developmental prospects for the leading players involved in the of the Blockchain Supply Chain industry.

The Blockchain Supply Chain Market size reached USD 271 million in 2020 and is expected to reach USD 14,180 million in 2028 and register a CAGR of 63.9% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to increasing need of transparency in the supply chain, technological advancements in transactions in supply chain are factor driving rising focus on improving data security and maintaining records of transactions. In addition, this trend is expected to continue during the forecast period.

Increasing adoption of Internet of Things (IoT) technology, digital record of data validation, and increase in traceability of products or goods in transportation to resolve associated problems are factors expected to fuel adoption of blockchain supply chain going head. Rising utilization of blockchain technology in retail and supply chain sectors are factors prompting major players to invest in blockchain supply chain.

Some of the key participants in this industry include:

IBM Corporation, Oracle Corporation, SAP SE, Microsoft Corporation, Huawei Technologies Co., Ltd., Amazon Web Services Inc., Guardtime Inc., TIBCO Software Inc., Auxesis Group, BTL Group, Accenture PLC, and Omnichain Inc.

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Some Key Highlights From Report

In April 2021, IBM Corporation and IPwe entered into partnership to build the infrastructure for representing patents as Non-Fungible Tokens (NFTs) and storing the records on a blockchain network. Tokenization of intellectual property (IP) can enable to sell, share, commercialize, or otherwise monetize patents, as well as add new liquidity to the market.
Services segment accounted for largest revenue share in the blockchain supply chain market in 2020, which is projected to incline rapidly during the forecast period. Increasing need for transparency in supply chain, rising adoption of technology in supply chain functions, and improved services such as decentralization, immutability, faster, and low-cost transactions are factor boosting the market growth.
Inventory monitoring segment revenue growth rate is projected to incline rapidly during the forecast period. Rising need for more data accuracy and authenticity, and increasing focus on streamlining workflow and keeping accurate record and maintaining hassle free inventory are another factor boosting market revenue growth during the forecast period.
Logistics segment accounted for largest revenue share in the global blockchain supply chain market in 2020, which is expected to incline rapidly during the forecast period.
North America accounted for largest revenue share contribution to the global blockchain supply chain market in 2020. Increasing adoption of technologically advanced systems such as Artificial Intelligence and Internet of Things are factors expected to boost growth of the blockchain supply chain market in the region.

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Emergen Research has segmented the global blockchain supply chain market on the basis of component, type, application, end use, and region:

Component Outlook (Revenue, USD Billion; 2018–2028)

Platform
Services

Type Outlook (Revenue, USD Billion; 2018–2028)

Public
Private
Consortium

Application Outlook (Revenue, USD Billion; 2018–2028)

Smart Contracts
Payment & Settlement
Product Traceability
Compliance Management
Inventory Monitoring
Others

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End Use Outlook (Revenue, USD Billion; 2018–2028)

Manufacturing
Logistics
Retail
Healthcare
Food & Beverages
Oil & Gases
Others

Regional Outlook (Revenue, USD Billion; 2018–2028)

North America

U.S.
Canada
Mexico

Europe

Germany
France
U.K.
BENELUX
Switzerland
Rest of Europe

Asia Pacific

China
Japan
South Korea
India
Rest of APAC

Latin America

Brazil
Rest of LATAM

Middle East & Africa

Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA

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Valuable Market Insights:

The report highlights the latest trends observed in the consumption pattern of each regional segment.
Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Blockchain Supply Chain market.
The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.

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About Emergen Research

Emergen Research is a Marketresearch and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Marketintelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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