Мобильный 1 Add news
March 2010
April 2010
May 2010June 2010July 2010
August 2010
September 2010October 2010
November 2010
December 2010
January 2011
February 2011March 2011April 2011May 2011June 2011July 2011August 2011September 2011October 2011November 2011December 2011January 2012February 2012March 2012April 2012May 2012June 2012July 2012August 2012September 2012October 2012November 2012December 2012January 2013February 2013March 2013April 2013May 2013June 2013July 2013August 2013September 2013October 2013November 2013December 2013January 2014February 2014March 2014April 2014May 2014June 2014July 2014August 2014September 2014October 2014November 2014December 2014January 2015February 2015March 2015April 2015May 2015June 2015July 2015August 2015September 2015October 2015November 2015December 2015January 2016February 2016March 2016April 2016May 2016June 2016July 2016August 2016September 2016October 2016November 2016December 2016January 2017February 2017March 2017April 2017May 2017June 2017July 2017August 2017September 2017October 2017November 2017December 2017January 2018February 2018March 2018April 2018May 2018June 2018July 2018August 2018September 2018October 2018November 2018December 2018January 2019February 2019March 2019April 2019May 2019June 2019July 2019August 2019September 2019October 2019November 2019December 2019January 2020February 2020March 2020April 2020May 2020June 2020July 2020August 2020September 2020October 2020November 2020December 2020January 2021February 2021March 2021April 2021May 2021June 2021July 2021August 2021September 2021October 2021November 2021December 2021January 2022
123456789101112131415161718192021
22
23
24
25
26
27
28
29
30
31
News Every Day |

Blockchain In Supply Chain Market will reach nearly US$14,884.4 million in revenues by 2028

Blockchain In Supply Chain Market will reach nearly US$14,884.4 million in revenues by 2028

The global blockchain in supply chain market size is estimated to be valued at $14,884.4 million by 2028, surging from $423.0 million in 2020, at a CAGR of 57.4%.

COVID-19 Impact on the Blockchain in Supply Chain Market

During the COVID-19 pandemic, the global commercial market trends is projected to be moderately impacted. This is due to the implementation of curfews by government agencies in most countries, as well as a rise in business insurance prices. However, the blockchain in supply chain industry has found its way to rise its recessionary curve with new methods and strategies. For instance, blockchain in supply chain is being used in the manufacture of COVID vaccines throughout the world. So, it can be considered that the blockchain in supply chain has been affected moderately due to the coronavirus outbreak.

COVID-19 Impact on Blockchain in SUpply Chain Market. Click here to Connect with Expert Analyst

Global Blockchain in Supply Chain Market Insight

The rising demand for supply chain transparency, as well as the desire for increased supply chain transaction security, are driving the market value. The benefits of blockchain supply chains, such as cost reductions, provenance tracking, customer trust, and the avoidance of burdensome record-keeping and product monitoring, underpin the market value. In addition, the growing desire to eliminate middlemen by automating supply chain activities, as well as the introduction of IoT, are projected to propel the blockchain supply chain market growth.

During the forecast period, however, the market is projected to be limited by a lack of knowledge regarding blockchain technology and a scarcity of skilled labor. Furthermore, network security threats and confusing regulatory standards are projected to constrain sector growth.

The lucrative rise of mobile subscribers and smartphone users around the world has led to a significant portion of the population purchasing goods and services using smartphones and other gadgets apparently increasing blockchain in supply chain opportunity. Nonetheless, the current extended supply chain management system, as well as other problems, result in losses and a reduction in end-user service. Smart contracts using blockchain technology regulate the intermediaries, such as payment processing partners and shipping suppliers. The blockchain creates a read-only record of data that provides clients with information such as the product's origin, as well as the components and processing it through before being delivered.

Global Blockchain in Supply Chain Market, Segmentation

The global blockchain in supply chain market is segmented based on component, application, end-use and region.

Component:

The component sub-segment is further classified into platform and services. The platform sub-segment is predicted to have a dominating market share in the global market and register a revenue of $9,443.7 million during the forecast period.

This is because blockchain solutions are increasingly being used to automate supply chain processes. The platform segment is expected to grow considerably as a result of market competitors' low and varied pricing plans. Furthermore, it immediately helps business agility by allowing for faster development and more frequent product releases. To achieve this agility, continuous integration methodologies and automatic application deployment (consortium) are deployed.

Application:

The application segment is further divided into payment & settlement, inventory management, product traceability, compliance management, and other sub-segments. The product traceability sub-segment is anticipated to have the fastest market growth during the forecast period. It is predicted that the market shall generate a revenue of $3,389.1 million by 2028, growing from $91.7 million in 2020, with a CAGR of 58.4%.

Traceability has become a fundamental requirement for multi-tier and multi-site production. It gives consumers visibility and satisfies their demands for transparency and quality assurance. The textile & apparel industry is one example of a sector that requires traceability to handle concerns such as information asymmetry and visibility.

End-Use:

The distribution channel segment is further classified into manufacturing, retail, transport & logistics, healthcare, energy & resources, and others. The retail sub-segment is anticipated to have the fastest market growth during the forecast period. It is predicted that the market shall generate a revenue of $1,868.8 million by 2028, growing from $50.0 million in 2020, with a CAGR of 58.6%.

The retail industry dominated the blockchain supply chain market share and is expected to continue to do so during the forecast period due to increased adoption by retail operators to optimize their supply chain transactions and procedures. Blockchain in supply chain is being used by the retailers, for instance, to manufacture emergency kits during the pandemic. Furthermore, as a result of this, the need for blockchain logistics and supply chain management services in the retail industry is projected to increase.

Region:

The market for blockchain in supply chain in Asia-Pacific is anticipated to be the fastest growing market and reach $4,063.4 million by 2028, with a CAGR of 58.2%.

Asia-Pacific is getting increasingly technologically advanced as a result of early adoption of new technology. The rising trend of APAC enterprises toward leaner and agile supply chains with end-to-end visibility through the use of the latest technology is one of the biggest drivers of blockchain supply chain software and services in the region. Moreover, the investment by key companies like IBM and Oracle are increasing noticeably in this region which is further adding to the growth of the market.

Get Access to the PDF Sample of Blockchain in Supply chain market

Key Players in the Global Blockchain in Supply Chain Market

Some of the leading global blockchain in supply chain market players are 

  1. IBM
  2. Microsoft
  3. SAP SE
  4. Oracle
  5. Huawei
  6. Guardtime
  7. TIBCO Software
  8. Bitfury
  9. Interbit
  10. AWS.

Along with the company profiles of the key players in the market, the report includes the Porter’s five forces model that gives deep insights into the competitive environment of the market.









Read also

COVID-19: Osinbajo seeks waiver for local vaccine production

Panasonic Lumix BS1H box-style camera launched in India: Check prices and availability

Katie Price and Carl Woods ‘on the rocks’ after endless rows and dramas with exes


News, articles, comments, with a minute-by-minute update, now on Today24.pro

News Every Day

Biochar Market expected to register the significant growth over the forecast period 2020-2028

Today24.pro — latest news 24/7. You can add your news instantly now — here


News Every Day

Bet £20 on Arsenal vs Burnley and get money back as cash if you lose, plus 176/1 prediction and tips with Paddy Power



Sports today


Новости тенниса
Большой шлем

Новак Джокович собрался судиться с правительством Австралии из-за жестокого обращения



Спорт в России и мире

Строительство центров самбо и бокса в "Лужниках" завершено на три четверти


Загрузка...

All sports news today




Загрузка...

Sports in Russia today

Строительство центров самбо и бокса в "Лужниках" завершено на три четверти


Новости России

Game News

Former Dragon Age producer Mark Darrah says 'BioWare magic is bullshit'


Russian.city


В Архангельской области определены места крещенских купаний


Губернаторы России
Джо Байден

Brand Analytics назвала самый запомнившийся россиянам поступок Байдена на посту президента


Ученый Болков допустил появление новых мутаций коронавируса из-за животных

СК завершил дело об угрозах мужчины пассажирам автобуса в Москве

Балтичките држави ќе испратат оружје во Украина

В Москве с подземной парковки на сутки угнали Maserati


В полиции прокомментировали заявления о задержании напавших на вдову Градского

«Похмельный набор» для гостей Бузовой слили в Сеть перед днем рождения звезды

Бузова устроила пышную гулянку в Сочи по случаю своего 36-летия

Футбольный клуб Басты оштрафовали за долги по зарплатам


Теннисисту Джоковичу принадлежат 80% компании-разработчика препарата против COVID

Аслан Карацев закончил участие в Открытом чемпионате Австралии по теннису

Мельбурн. Гаэль Монфис выиграл матч третьего круга

Лев Кацман: «Что еще нам нужно выиграть, чтобы теннисистов показывали по ТВ?»




В Финляндии построят современный ледокол для «Норникеля»

Победитель акции «Счастливый счет» ООО «Газпром энергосбыт Брянск» получит подарок

Лукашенко пожаловался, что Путин не берет его с собой в Туву

RADISSON SLAVYANSKAYA HOTEL AND BUSINESS CENTRE ПОМОЖЕТ ПРИРОДЕ И ДЕТЯМ


Футболист Пруцев поделился впечатлениями от перехода в «Спартак»

Глава белорусского Минобороны Хренин заявил, что Минск не оставит без ответа разговор с республикой с позиции силы

Лавров призвал не спекулировать вопросом признания независимости ЛНР и ДНР

Демонстранты заблокировали французскую военную колонну на севере Мали



Путин в России и мире







Персональные новости
Russian.city

Анастасия Волочкова

Волочкова подаст в суд на члена экипажа после скандала на борту самолета



News Every Day

AMD RX 6500 XT is Worse Than 2016's GPUs: Benchmarks vs. GTX 1060, 970, 960, & RX 580




Friends of Today24


Загрузка...
Музыкальные новости
"Воскресенье " Олег Митяев



Персональные новости
Близкий друг Путина миллиардер Пугачев. Вся правда о Путине, его семье и деньгах. В гостях у Гордона (2021)

Навальный об уволенном за пост священнике (2021)

Slava Marlow – суперуспех и депрессия в 21 год / вДудь (2021)

Обнаглевшие дети путинской элиты (2021)

Дайте собакам мяса (новый звук) -Владимир Высоцкий

Группа "Рождество" - песня "Так хочется жить!" (Видео с концерта в Киеве группы "РОЖДЕСТВО" в 2011 году в Доме офицеров)

Adriano Celentano Любимая песня Челентано (высочайшая энергетика) talentTV

Moscow.media