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This market research report includes a detailed segmentation of the global blockchain in supply chain market by providers (application providers, middleware providers, infrastructure providers), by applications (provenance tracking, payment & settlement, smart contracts, inventory management, counterfeit detection, compliance management, others), by verticals (retail & e-commerce, manufacturing, healthcare & life sciences, logistics, oil & gas, others), and by regions (North America, Europe, APAC, and RoW). The market research report identifies IBM, SAP, Microsoft, Oracle, AWS, Huawei, TIBCO Software, Auxesis Group, and Bitfury Group as the major vendors operating in the global blockchain in supply chain market.This report comes with 10% free customization, enabling you to add data that meets your specific business needs.
Overview
The author's market research report predicts that the global blockchain in supply chain market will grow at a CAGR of around 60% during the forecast period. Blockchain applications for the supply chain are built on permissioned ledgers that are controlled by some actors or miners, which enhances security and traceability. The market is expected to grow as several IT players as well as start-ups have initiated the promising pilot projects. For example, Nestle, a food retail giant, in July 2019, announced that it would pilot the open blockchain technology for tracking its products along the supply chain. The pilot project will trace the milk from producers and farm in New Zealand till the warehouse and factories in Middle East.
Walmart is testing the blockchain application to provide traceability for “farm to fork” and to improve transparency, efficiency, and food safety. IBM and Maersk, a shipping company, are working on cross-party, cross-border transactions that use the blockchain technology for enhancing the process efficiency. BHP is using the blockchain solution for tracking samples internally as well as externally from several providers.
According to the blockchain in supply chain industry analysis, North America accounted for the largest share of the global blockchain in supply chain market in 2018. Key players, such as IBM and Microsoft, continue to invest in blockchain technology, thereby result in the increased adoption of blockchain technology in supply chain. Bumble Bee Foods, one of the well-known seafood companies in North America, is using the blockchain technology for product traceability. The Asia Pacific region is expected to witness the fastest growth rate due to increased investments in blockchain-based start-ups.
Competitive Analysis and Key Vendors
The report covers and analyzes the global blockchain in supply chain market. Major vendors across different verticals are planning for high investments in this market, and as a result, the blockchain in supply chain market is expected to grow at an impressive rate in the coming years. The key players in the blockchain in supply chain market are adopting various organic as well as inorganic growth strategies, such as mergers & acquisitions, collaborations & partnerships, joint ventures, and few other strategies, to be in the strong position in the market.
Some of the Key Vendors included:
- IBM
- SAP
- Microsoft
- Oracle
- AWS
- Huawei
- TIBCO Software
- Auxesis Group
- Bitfury Group
There are numerous other vendors that have been studied based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant investments in R&D for analysis of the entire ecosystem.
Blockchain in Supply Chain Market Research, By Providers
- Application Providers
- Middleware Providers
- Infrastructure Providers
Blockchain in Supply Chain Market Research, By Applications
- Provenance Tracking
- Payment & Settlement
- Smart Contracts
- Inventory Management
- Counterfeit Detection
- Compliance Management
- Others
Blockchain in Supply Chain Market Research, By Verticals
- Retail & e-Commerce
- Manufacturing
- Healthcare & Life Sciences
- Logistics
- Oil & Gas
- Others
Benefits
The report provides an in-depth analysis of the blockchain in supply chain market. The blockchain in supply chain industry offers many advantages, including greater scalability, increased innovation, and enhanced transparency & security. Blockchain in supply chain is adding more trust and transparency amongst the participants, resulting in improved supply chain efficiency. The report discusses the market in terms of providers, applications, verticals, and regions. Further, the report provides details about the major challenges impacting the market growth.
Table of Contents
1 Executive Summary
2 Industry Outlook
3 Market Snapshot
4 Market Characteristics
5 Blockchain in Supply Chain Market, By Provider
6 Blockchain in Supply Chain Market, By Application
7 Blockchain in Supply Chain Market, By Vertical
8 Blockchain in Supply Chain Market, By Region
9 Competitive Landscape
10 Vendors Profile
11 Annexure
List of Tables
List of Charts
Companies Mentioned
- IBM
- SAP
- Microsoft
- Oracle
- AWS
- Huawei
- TIBCO Software
- Auxesis Group
- Bitfury Group