Industry Overview of Blockchain Supply Chain Market
The utilization of blockchain technology in supply chain management is known as blockchain supply chain. This involves creating a distributed network of participants responsible for validating and maintaining the blockchain. It offers a decentralized platform where stakeholders can securely share crucial information like orders, invoices, and certifications. The use of blockchain enables seamless auditing and verification of data, simplifying the process of demonstrating compliance with various regulations concerning product quality, origin, sustainability, and other critical aspects of supply chain operations.
How Big Is the Blockchain Supply Chain Market?
The global blockchain supply Chain market size reached US$ 560.9 Million in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 6,288 Million on by 2028, exhibiting a growth rate (CAGR) of 46.4% during 2023-2028.
Global Industry Trends and Drivers:
The increasing use of blockchain supply chains in the pharmaceutical industry to prevent the infiltration of counterfeit drugs by verifying the authenticity of the drugs at every stage represents one of the primary factors propelling the market growth around the world. Moreover, the rising adoption of blockchain in the supply chain of the transportation and logistics industries to streamline the transportation of goods by providing shared and immutable data of all transactions is favoring the growth of the market. Besides this, blockchain is employed in the supply chain of the automotive industry to provide a reliable record of vehicle history, including parts replacements, repairs, and accidents, which can increase transparency for buyers and sellers in the used vehicle market. Along with this, the growing demand for refurbished vehicles is influencing the market positively.
Blockchain Supply Chain Market Growth and Trends
The blockchain supply chain market is experiencing significant growth and witnessing several emerging trends. Blockchain technology offers a decentralized and secure way to record, track, and verify transactions, making it an ideal solution for supply chain management. One of the key drivers behind the market’s growth is the increasing demand for transparency and traceability in supply chains. Consumers and businesses alike are increasingly concerned about the provenance of products, and blockchain provides an immutable and transparent ledger to track every step of the supply chain, from raw materials to the end consumer.
Another trend driving the market is the need for enhanced efficiency and reduced costs in supply chain operations. Blockchain enables real-time visibility into inventory levels, shipment status, and production processes, leading to better inventory management and streamlined logistics. Additionally, smart contracts, which are self-executing contracts with predefined rules encoded on the blockchain, automate various supply chain processes, reducing paperwork and administrative tasks.
Moreover, the focus on sustainability and ethical sourcing is driving the adoption of blockchain in supply chains. With blockchain, companies can verify the authenticity of sustainable and ethically sourced products, providing assurance to consumers and meeting the growing demand for environmentally and socially responsible goods.
What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Component:
- Platform
- Services
Application:
- Smart Contracts
- Payment and Settlement
- Product Traceability
- Inventory Monitoring
- Compliance Management
- Others
Industry Vertical:
- Retail
- Manufacturing
- Food and Beverages
- Healthcare
- Oil and Gas
- Others
Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The report provides a comprehensive analysis of the industry key players listed below:
The Major Players in the market are Accenture plc, Amazon Web Services Inc. (Amazon.com Inc.), Auxesis Group, Guardtime, Huawei Technologies Co. Ltd., International Business Machines Corporation, Microsoft Corporation, OpenXcell, Oracle Corporation, PixelPlex, SAP SE and TIBCO Software Inc.
Table of Content:
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Blockchain Supply Chain Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Platform
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Application
7.1 Smart Contracts
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Payment and Settlement
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Product Traceability
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Inventory Monitoring
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Compliance Management
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Industry Vertical
8.1 Retail
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Manufacturing
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Food and Beverages
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Healthcare
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Oil and Gas
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Accenture plc
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 SWOT Analysis
14.3.2 Amazon Web Services Inc. (Amazon.com Inc.)
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 SWOT Analysis
14.3.3 Auxesis Group
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 SWOT Analysis
14.3.4 Guardtime
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 SWOT Analysis
14.3.5 Huawei Technologies Co. Ltd.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 SWOT Analysis
14.3.6 International Business Machines Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 SWOT Analysis
14.3.7 Microsoft Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 SWOT Analysis
14.3.8 OpenXcell
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 SWOT Analysis
14.3.9 Oracle Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 SWOT Analysis
14.3.10 PixelPlex
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 SWOT Analysis
14.3.11 SAP SE
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 SWOT Analysis
14.3.12 TIBCO Software Inc.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 SWOT Analysis
