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DUBLIN – (BUSINESS WIRE) – The “Blockchain Supply Chain Market – Growth, Trends and Forecasts (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offer.
The Blockchain Supply Chain Market is Expected to Grow at a CAGR of 81.7% Over the Forecast Period 2020 to 2025
A growing requirement for supply chain transparency and the growing demand for increased security of supply chain transactions are significant growth drivers for the market. Greater automation and removal of blockchain intermediaries in supply chain management would generate opportunities for market growth.
The component part of the platform has dominated the overall blockchain supply chain market and is expected to remain aggressive due to increased adoption of blockchain platforms to streamline supply chain processes. The segment is expected to see significant growth in the coming years due to the advent of affordable and diversified pricing plans offered by market players.
In a 2019 survey conducted by Kenco Group, 40% of supply chain leaders said they want to invest in blockchain technologies. In that same survey, 46% of respondents revealed they want to invest in sensors and the Internet of Things (IoT). According to the same source, in 2019, supply chain leaders show greater willingness to take a risk on new technologies, as 46% of respondents say they are willing to spend 10-24% more on innovation. from 24% in 2018 and 29% in 2017.
Forward-thinking companies are planning to invest when the blockchain gets to the point where it can provide value. However, the blockchain has yet to provide full value beyond food or pharmaceutical applications. As a result, only 6% of supply chain leaders consider blockchain a high priority in 2019, according to Kenco Group.
The growing number of subscribers to smartphones and tablets has led to the rapid growth of the e-commerce industry. For example, according to Experian Plc., 97% of tablet owners purchased their device and 83% engaged in shopping-related activities immediately before, during or after visiting a store. This appears to be a significant factor leading to opportunities for the blockchain market in supply chain management.
Return fraud and abuse cost retailers $ 777,877 per $ 1 billion in sales, according to the 2018 National Retail Federation Organized Retail Crime Survey. Blockchain can help retailers authenticate and manage these transactions to reduce fraud. returns. One company that has implemented this technology is apparel retailer EVRYTHNG, which has set its digital identity goods at the point of production to be tracked throughout their lifecycle.
Healthcare providers are running blockchain technology to continuously monitor and track healthcare products from production to delivery. Furthermore, the blockchain supply chain offerings allow pharmaceutical companies to reduce illegal activities, such as counterfeit drugs and illegal production of harmful medicines, improper stock control.
A smart contract is a supply chain computer protocol that facilitates, verifies or digitally enforces the negotiation and execution of an agreement and ultimately makes it relatively easier to track shipments and deliveries. Now, organizations are leveraging blockchain in smart contracts, further fueling the blockchain market in supply chain management.
Competitive landscape
The Blockchain supply chain market is moderately competitive and the ecosystem includes some of the major vendors, such as IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, and AWS Inc., among others. Major market players adopt advanced strategies such as collaboration, mergers and acquisitions and partnerships that help them gain a larger share in the global market. Many companies are expected to enter the market shortly with the expected profitable market growth.
Key topics covered:
1. INTRODUCTION
1.1 Assumptions of the study and definition of the market
1.2 Purpose of the study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market overview
4.2 Attractiveness of the sector Porter’s five forces analysis
5 MARKET DYNAMICS
5.1 Market Driver
5.1.1 Increased demand for increased security of supply chain transactions
5.1.2 Growing need for transparency in the supply chain
5.2 Market Restrictions
5.2.1 Lack of awareness of Blockchain technology
5.3 Assessment of the impact of COVID-19 on industry
6 MARKET SEGMENTATION
6.1 By application
6.1.1 Payment and settlement
6.1.2 Traceability of the product
6.1.3 Detection of counterfeit products
6.1.4 Smart Contracts
6.1.5 Risk and Compliance Management
6.1.6 Other applications
6.2 By vertical sector
6.2.1 Retail and consumer goods
6.2.2 Health and life sciences
6.2.3 Production
6.2.4 Logistics, oil and gas
6.2.5 Other vertical sectors
6.3 By component
6.3.1 Platform
6.3.2 Services
6.4 Geography
7 COMPETITIVE LANDSCAPE
7.1 Company profiles
7.1.1 IBM Corporation
7.1.2 Oracle Corporation
7.1.3 Microsoft Corporation
7.1.4 SAP SE
7.1.5 Amazon Web Services Inc.
7.1.6 Huawei Technologies Co., Ltd.
7.1.7 TIBCO Software Inc.
7.1.8 Auxesi Group
7.1.9 Guardtime Inc.
7.1.10 BTL Group
7.1.11 Bitfury Group Limited.
7.1.12 Omnichain Inc.
7.1.13 VeChain Foundation
7.1.14 Accenture PLC
7.1.15 Digital Treasury Corporation
8 INVESTMENT ANALYSIS
9 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information on this report, please visit https://www.researchandmarkets.com/r/9jkm90
