The market share of the Blockchain Market in Supply Chain Industry is expected to increase by USD 3.32 billion from 2021 to 2026 at an accelerated CAGR of 50.13%, according to the recent market study by Technavio.
Learn More about Key Driver & Challenge of the Market-
- Blockchain Market in Supply Chain Industry Driver:
- Growing number of cargo theft:
- Blockchain Market in Supply Chain Industry Challenge:
- High initial setup and implementation costs:
Geographical Analysis
North America will account for 45% of the market’s growth during the forecast period. The adoption of blockchain technology among enterprises for the secure exchange of bill of lading-related information, as well as for settling freight, repair, and lease costs, will drive the blockchain market growth in the supply chain industry in the region during the forecast period. The US and Canada are the key countries for the blockchain market in the supply chain industry in North America.
Segmentation by Application (In-Scope/Out-of-Scope)
- In-Scope:
- Transportation:
- Out-of-Scope:
- Warehousing
- Others
- Segmentation- The report extensively covers market segmentation by application (transportation, warehousing, and others) and geography (North America, Europe, APAC, South America, and MEA).
- Key Companies- Accenture (NYSE:ACN) Plc, Amazon.com Inc (NASDAQ:AMZN)., Capgemini SE, Deloitte Touche Tohmatsu Ltd., Infosys (NYSE:INFY) Ltd., International Business Machines (NYSE:IBM) Corp., Microsoft Corp (NASDAQ:MSFT)., Oracle Corp (NYSE:ORCL)., SAP SE (DE:SAPG), and Tencent Holdings (OTC:TCEHY) Ltd., among others.
- Driver- Growing number of cargo thefts
- Challenge– High initial setup and implementation c
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