JSB Market Research Pvt.Ltd. Phone: (+91) 7710006748
Email: enquiry@jsbmarketresearch.com
Blockchain Supply Chain Industry Analysis Report - Market Size | Share | Global Opportunity and Forecast 2025 Blockchain Supply Chain Market Outlook 2025: The blockchain is a record of digital databases or blocks of immutable and validated transactions. The blockchain technology acts as an open ledger, such that every transaction on the network is recorded and is made available for all the entities or participants involved in the network to see and verify them. Therefore, blockchain eliminates the need to transfer information between organizations via mail or any other communication media.
To Get a Free Market Research Sample Report Visit a Below Link : https://www.jsbmarketresearch.com/business-services/blockchain-supply-chain-market-global-o pportunity-analysis-and-industry-forecast#SampleRequest The blockchain centralizes information sharing within enterprises thereby ensuring transparency at all levels of supply chain management. The very technical nature of blockchain technology limits its awareness among enterprises. Nonetheless, with the growth of awareness, the blockchain supply chain market is projected to witness innovative and advance transformation, which enables the participants to access everything they want on a single platform. The global blockchain supply chain market size was valued at $ 93.16 million in 2017 and is projected to reach $ 9,852.91 million by 2025, growing at a CAGR of 80.2% from 2018 to 2025. The platform component segment dominated the overall blockchain supply chain market in 2017 and is expected to remain dominant during the forecast period, due to an increase in the adoption of blockchain platforms to streamline the supply chain processes. Also, the segment is expected to witness significant growth in the upcoming years due to the advent of affordable and diverse pricing plans offered by market players. The blockchain supply chain market outlook looks positive with the strong growth in CAGR. The report focuses on the blockchain supply chain market trends, growth prospects, restraints, and opportunities. The study also provides Porters five forces analysis of the Blockchain supply chain industry to understand the impact of various factors, such as bargaining power of suppliers, competitive intensity of competitors, the threat of new entrants, the threat of substitutes, and bargaining power of buyers on the blockchain supply chain market growth.
Segment Review: The global blockchain supply chain market is segmented based on component, application, industry vertical, and region. Based on the component, the market is bifurcated into platforms
and services. Based on application, the market is divided into smart contracts, payment & settlement, product traceability, inventory monitoring, compliance management, and others. Based on industry vertical, the market is classified into retail, manufacturing, Food & Beverages, healthcare, oil & gas, and others. Based on the region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The key players operating in the global blockchain supply chain market include IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, AWS Inc. Huawei Accenture Plc., Auxesis Group, TIBCO Software, and BTL Group
Top impacting factors: An increase in the need for supply chain transparency, the proliferation of the e-commerce industry, and a rise in demand for enhanced security of supply chain transactions are some of the factors expected to boost the growth of the blockchain supply chain market. However, lack of awareness about blockchain technology and scarcity of skilled workforce is expected to hamper the market growth during the forecast period. Furthermore, the emergence of a new blockchain supply chain market and new developments in blockchain supply chain technology are expected to provide lucrative opportunities for the market. Elimination of middlemen with blockchain and increased automation in supply chain management are expected to present strong market opportunities in the coming years for the market. The rise in demand for enhanced security of supply chain transactions Blockchains create one shared and centralized intermediary for transaction and information flow monitoring for various entities involved in the supply chain network. Each participant or entity involved in the supply chain has a copy of the ledger, and all the information about product movements and transactions are part of that ledger. If any entity involved in the supply chain
tries to perpetrate fraud or manipulate the data in the digital ledger, that participant or company is manipulating only its ledger and gets immediately out of sync with the rest of the ledgers in the blockchain ecosystem. Further, the blockchain ledgers and transactions are encrypted. Therefore, these are much more secure compared to traditional banking models. The proliferation of e-commerce The e-commerce process involves the management of continuous supply of products, warehousing, inbound and outbound transportation, and product distribution. Further, the lucrative growth of mobile subscribers and smartphone users across the globe is leading to a significant portion of the population using smartphones and other gadgets to procure the product. Nonetheless, the current lengthy supply chain management system and other loopholes in the system leads to losses and deterioration of end-user service. Smart contracts with the help of blockchain regulate the intermediaries including payment processing partners and logistics providers. The blockchain provides a read-only record of data which provides customers with various information such as the origin of the products and component and processing the product was involved in to before getting delivered.
To get a full review of this report visit below link : https://www.jsbmarketresearch.com/business-services/blockchain-supply-chain-market-global-o pportunity-analysis-and-industry-forecast
Key Benefits For Blockchain Supply Chain Market: This study includes the global blockchain supply chain market analysis, trends, and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities. The blockchain supply chain market size is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the industry. Porter's five forces analysis illustrates the potency of buyers & suppliers in the industry.
In case you don’t find what you are looking for, feel free to get in touch with our custom research team at enquiry@jsbmarketresearch.com or call us on +917710006748. We are a text away to serve you with all types of ‘market research services’.
About Us: JSB market research is one of the most significant databases of online market research and intelligence reports and services. We specialize in providing market research reports for various industries. The online portal for marketing research deals with access to global market data and assists in providing expert.