Latest News- Blockchain In Supply Chain Industry Market: Public is expected to lead the Type segment during 2025-2029

The Blockchain In Supply Chain Industry Market is being driven by Growing number of cargo thefts

The Blockchain In Supply Chain Industry Market is expected to grow at a CAGR of 65.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 16822 million. Blockchain-as-a-Service (BaaS) refers to offerings from technology providers like IBM, Oracle, Microsoft, Amazon Web Services (AWS), and SAP, where they set up and manage blockchain nodes on behalf of enterprises. BaaS's growing popularity is driving significant investments in the technology, as evidenced by Microsoft's introduction of an AI-powered, collaborative, low-code, secure, and Software-as-a-Service (SaaS) application platform. These advancements in BaaS will fortify the global blockchain in supply chain industry market, enabling businesses to mitigate fraud, enhance transparency, and ensure secure record-keeping throughout their supply chains. 

Get more information on Blockchain In Supply Chain Industry Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Public
  • Private
  • Hybrid
• Application
  • Transportation
  • Warehousing
  • Others
• Component
  • Platform
  • Services
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing number of cargo thefts
• Increasing complexities due to time-bound deliveries and customization of supply chain
• Booming e-commerce industry

However, the market also witnesses some limitations, which are as follows:

• High initial setup and implementation cost of blockchain
• Presence of alternative technologies for tracking and tracing
• Lack of awareness about blockchain technology in supply chain management

Benefits of Buying Global Blockchain In Supply Chain Industry Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Blockchain In Supply Chain Industry Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

In the supply chain industry, Blockchain technology is revolutionizing various sectors such as food safety and drug traceability through its immutable and secure digital ledgers. Digital twins and IoT integration enable real-time sensor data and RFID tracking, while data analytics, compliance management, and regulatory reporting ensure transparency and accountability. Blockchain platforms address scalability issues and transaction costs, offering decentralized applications and smart contracts deployment. Data management, consensus algorithms, and key management are crucial for data privacy and security protocols. Network effects and system integration are essential for seamless adoption, and node management and consensus algorithms ensure the reliability and efficiency of the system.

Market Research Overview

In the dynamic business landscape of the global IT industry, the Blockchain segment within the Supply Chain sector is experiencing significant growth. This market encompasses companies leveraging Smart Contracts, Distributed Ledger Technology (DLT), and Cryptographic Hashing to enhance Supply Chain Traceability. Technavio's market analysis calculates the market size based on the consolidated revenue of these organizations, incorporating both traditional and cloud-based software solutions. This burgeoning market excludes entities classified under Interactive Home Entertainment or Systems Software sub-industries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/