Authored By: Sarah
13 Jul 2021

Blockchain Technology Market In Transportation And Logistics Industry | Leading Segments, Trends, Drivers and Challenges
Market Recovery and Growth Projections 2021-2025

The blockchain technology market in transportation and logistics industry is expected to grow by $ 888.97 mn, accelerating at a CAGR of almost 49.93% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.


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Blockchain Technology Market In Transportation And Logistics Industry: Market Segments and Growth Forecasts

This research report will provide insights into the current market share of each segment along with growth projections for the next five years. 

  • Market is segmented Geography (North America, Europe, APAC, South America, and MEA). 
  • 55% of the market growth will originate from North America during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Blockchain Technology Market In Transportation And Logistics Industry size. 

Blockchain Technology Market In Transportation And Logistics Industry Size to Grow by $ 888.97 mn through 2021-2025 | Leading Segments and Market Trends

Blockchain Technology Market In Transportation And Logistics Industry: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.

  • Growing use of blockchain technology for trucking is driving the growth of the Blockchain Technology Market in Transportation and Logistics Industry.
  • Growth by the sea segment has been significant in recent years and is another factor that will be instrumental in driving the market growth during the forecast period.
  • High cost for implementing and maintaining blockchain technology is a hurdle that needs to be crossed on the path to success.

Blockchain Technology Market In Transportation And Logistics Industry: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Accenture Plc, Capgemini SE, Infosys Ltd., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, Tata Consultancy Services Ltd., Tencent Holdings Ltd., and Wipro Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with impact analysis of government regulations.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 49.93%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 888.97 mn through 2021-2025.

     
  3. What is a key factor driving this market?
    Growing use of blockchain technology for trucking will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    55% growth will originate from North America

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Accenture Plc, Capgemini SE, Infosys Ltd., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, Tata Consultancy Services Ltd., Tencent Holdings Ltd., and Wipro Ltd.

     
  7. What are the market segments covered in this report?
    The market is segmented by Geography (North America, Europe, APAC, South America, and MEA)

Blockchain Technology Market In Transportation And Logistics Industry Market Size to Grow by $ 811.51 million through 2020-2024

The blockchain technology market in transportation and logistics industry market is expected to grow by $ 811.51 million, decelerating at a CAGR of almost 54% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View Free Sample Report

Blockchain Technology Market In Transportation And Logistics Industry Market: Segmentation by Other 1

This report provides a detailed analysis of the market by mode (Sea, Land, and Others) and Geography (North America, Europe, APAC, South America, and MEA). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.

Blockchain Technology Market In Transportation And Logistics Industry Size to Grow by $ 888.97 mn through 2021-2025 | Leading Segments and Market Trends

Blockchain Technology Market In Transportation And Logistics Industry Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Accenture Plc, Capgemini Services SAS, Infosys Ltd., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, Tata Consultancy Services Ltd., Tencent Holdings Ltd., and Wipro Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

Technavio has been monitoring the global blockchain technology market in transportation and logistics industry market is expected to post decremental growth of USD 811.51 million decelerating at a CAGR of almost 54% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report

This report provides a detailed analysis of the blockchain technology market in transportation and logistics industry market by Mode (Sea, Land, and Others) and Geography (North America, Europe, APAC, South America, and MEA), and the Segment Forecasts, 2020-2024. The report also provides a detailed analysis of around 25 vendors operating in the blockchain technology market in transportation and logistics industry market. 

Blockchain Technology Market In Transportation And Logistics Industry Size to Grow by $ 888.97 mn through 2021-2025 | Leading Segments and Market Trends

Blockchain Technology Market in Transportation and Logistics Industry Market: Segmentation by Geography

During 2019, North America accounted for the major share of the Blockchain Technology Market in Transportation and Logistics Industry Market. 57% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for blockchain technology in transportation and logistics in North America. This report provides an accurate prediction of the contribution of all segments to the growth of the blockchain technology market size in transportation and logistics industry.

Factors such as growing use of blockchain technology for trucking, booming e-commerce industry, and growing number of cargo thefts will offer immense growth opportunities. However, high cost for implementing and maintaining blockchain technology, presence of alternate technologies for tracking and tracing, and lack of awareness about blockchain technology in transportation and logistics industry may impede market growth. 

Blockchain Technology Market in Transportation and Logistics Industry Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Accenture Plc, Capgemini Services SAS and Infosys Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

 

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