Blockchain Technology In Transportation And Logistics Industry Market 2024-2028: Size and High cost for implementing and maintaining blockchain technology; growth driven by the Mode Of Transportation, Some of key Companies Positioned Strategically

The blockchain technology in transportation and logistics industry market size by Mode Of Transportation (Land, Sea, and Others), End-user (SMEs and Large enterprises), and Geography (North America, Europe, APAC, South America, and Middle East and Africa), is forecast to increase by USD 6912.4 million. The market is expected to grow at a CAGR of  almost 60.82% between 2024 and 2028.

• The integration of blockchain technology in the transportation and logistics sector holds significant potential for enhancing productivity, security, and efficiency throughout the forecast period. However, the initial investment for implementing this technology is substantial. Enterprise costs include purchasing or developing custom software, as well as the expense of setting up servers and nodes to accommodate the growing volume of data added to the blockchain. This capital-intensive process necessitates a strategic approach to maximize the long-term benefits of this transformative technology.
• In the transportation and logistics sector, blockchain technology is revolutionizing business operations through enhanced security, transparency, and efficiency. By utilizing decentralized digital ledgers, this innovative technology streamlines supply chain management, reduces fraud, and ensures real-time tracking and visibility. Companies can benefit from increased trust and improved collaboration, ultimately leading to cost savings and competitive advantages.

Access the full report to know who are the other key countries segment-wise forecast and historic data

Some of the Key Companies:

• Accenture Plc
• Amazon.com Inc.
• Amcon Soft
• Ara Soft Group LLC
• Capgemini Service SAS
• Cargoledger
• Deloitte Touche Tohmatsu Ltd.
• HCL Technologies Ltd.
• Infosys Ltd.
• International Business Machines Corp.
• Koopman Logistics Group BV
• Microsoft Corp.
• modum.io AG
• OpenLedger
• Oracle Corp.
• PixelPlex Ltd
• SAP SE
• Slync Inc.
• Sweetbridge Ltd.
• Tencent Holdings Ltd.
• Wipro Ltd.

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