Dublin, Sept. 02, 2022 (GLOBE NEWSWIRE) -- The "Blockchain Supply Chain Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global blockchain supply chain market reached a value of US$ 355.47 Million in 2021. Looking forward, the publisher expects the market to reach a value of US$ 4,874.24 Million by 2027, exhibiting a CAGR of 54.71% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. Blockchain refers to a shared peer-to-peer technology that synchronizes transaction data across networks and provides a digital database for validated and immutable transactions. Using smart contracts that get automatically triggered when pre-defined business conditions are met, it effectively automates supply chain transactions, thereby removing middlemen and promoting a direct connection between stakeholders.
Blockchain supply chain also acts as an open ledger, with every transaction on the network made available in a read-only format for all the involved participants to accurately retrace to its point of origin. Therefore, it ensures optimum transparency at every level of the supply chain management, minimizes the issues encountered during goods transportation and decreases the need for information sharing via mail or any other communication platforms. Blockchain Supply Chain Market Trends:
The global market is primarily driven by the extensive adoption of blockchain technology in retail supply chain management (SCM). This can be attributed to the growing online transactions, along with the rising demand for security and transparency in supply chain transactions.
In line with this, the increasing utilization of advanced technologies, such as artificial intelligence (AI) and machine learning (ML), in business strategies is leading to a higher product uptake across SMEs.
The rapid business automation is further propelling the demand for effective tracking of authentication process information, procurement data, and certifications, which, in turn, is providing an impetus to the market. In addition to this, the widespread adoption of smart devices among the masses, coupled with a considerable rise in internet subscribers, is resulting in the widespread usage of these devices for product procurement, therefore creating a positive outlook for the market.
Some of the other factors contributing to the market growth include the flourishing e-commerce sector, the augmenting demand for eliminating middlemen in the supply chain, and extensive research and development (R&D) activities conducted by key players.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Accenture plc, Amazon Web Services Inc. (Amazon.com Inc.), Auxesis Group, Guardtime, Huawei Technologies Co. Ltd., International Business Machines Corporation, Microsoft Corporation, OpenXcell, Oracle Corporation, PixelPlex, SAP SE and TIBCO Software Inc. Key Questions Answered in This Report:
Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Blockchain Supply Chain Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Component 6.1 Platform 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Services 6.2.1 Market Trends 6.2.2 Market Forecast 7 Market Breakup by Application 7.1 Smart Contracts 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Payment and Settlement 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Product Traceability 7.3.1 Market Trends 7.3.2 Market Forecast 7.4 Inventory Monitoring 7.4.1 Market Trends 7.4.2 Market Forecast 7.5 Compliance Management 7.5.1 Market Trends 7.5.2 Market Forecast 7.6 Others 7.6.1 Market Trends 7.6.2 Market Forecast 8 Market Breakup by Industry Vertical 8.1 Retail 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Manufacturing 8.2.1 Market Trends 8.2.2 Market Forecast 8.3 Food and Beverages 8.3.1 Market Trends 8.3.2 Market Forecast 8.4 Healthcare 8.4.1 Market Trends 8.4.2 Market Forecast 8.5 Oil and Gas 8.5.1 Market Trends 8.5.2 Market Forecast 8.6 Others 8.6.1 Market Trends 8.6.2 Market Forecast 9 Market Breakup by Region 10 SWOT Analysis 11 Value Chain Analysis 12 Porters Five Forces Analysis 13 Price Analysis 14 Competitive Landscape 14.1 Market Structure 14.2 Key Players 14.3 Profiles of Key Players 14.3.1 Accenture plc 14.3.1.1 Company Overview 14.3.1.2 Product Portfolio 14.3.1.3 SWOT Analysis 14.3.2 Amazon Web Services Inc. (Amazon.com Inc.) 14.3.2.1 Company Overview 14.3.2.2 Product Portfolio 14.3.2.3 SWOT Analysis 14.3.3 Auxesis Group 14.3.3.1 Company Overview 14.3.3.2 Product Portfolio 14.3.3.3 SWOT Analysis 14.3.4 Guardtime 14.3.4.1 Company Overview 14.3.4.2 Product Portfolio 14.3.4.3 SWOT Analysis 14.3.5 Huawei Technologies Co. Ltd. 14.3.5.1 Company Overview 14.3.5.2 Product Portfolio 14.3.5.3 SWOT Analysis 14.3.6 International Business Machines Corporation 14.3.6.1 Company Overview 14.3.6.2 Product Portfolio 14.3.6.3 SWOT Analysis 14.3.7 Microsoft Corporation 14.3.7.1 Company Overview 14.3.7.2 Product Portfolio 14.3.7.3 SWOT Analysis 14.3.8 OpenXcell 14.3.8.1 Company Overview 14.3.8.2 Product Portfolio 14.3.8.3 SWOT Analysis 14.3.9 Oracle Corporation 14.3.9.1 Company Overview 14.3.9.2 Product Portfolio 14.3.9.3 SWOT Analysis 14.3.10 PixelPlex 14.3.10.1 Company Overview 14.3.10.2 Product Portfolio 14.3.10.3 SWOT Analysis 14.3.11 SAP SE 14.3.11.1 Company Overview 14.3.11.2 Product Portfolio 14.3.11.3 SWOT Analysis 14.3.12 TIBCO Software Inc. 14.3.12.1 Company Overview 14.3.12.2 Product Portfolio 14.3.12.3 SWOT Analysis
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