Increase in demand for supply chain
transparency, and rise in need for improved security of supply chain
transactions drive the growth of the global blockchain supply chain market. On
the other hand, lack of awareness about this technology and scarcity of skilled
workforce check the growth to a certain extent. Nevertheless, the rapid
proliferation of e-commerce industry is expected to create multiple
opportunities in the market.
Based on component, the platform segment
accounted for more than four-fifths of the total market share in 2017 and is
predicted to maintain its leadership status by 2025. Simultaneously, the
services segment would register the fastest CAGR of 87.6% during the estimated
period.
Based on industry vertical, the retail
segment accounted for nearly one-fourth of the total market share in 2017 and
is expected to maintain its dominance throughout the estimated period.
Tremendous efforts being taken by retail organizations to enhance customer
experience and satisfaction have propelled the growth of the segment.
Simultaneously, the healthcare segment is anticipated to showcase the fastest
CAGR of 83.2% through 2018–2025.
The global blockchain supply chain market was estimated at $93.16 million in 2017 and is
expected to reach $9.85 billion by 2025, growing at a CAGR of 80.2% from 2018
to 2025. The report
offers a detailed analysis of top investment pockets, top-winning strategies,
drivers & opportunities, market size & estimations, competitive
landscape, and changing market trends.
Leading market players analyzed in the
global blockchain supply chain market report include Microsoft
Corporation, BTL Group, Huawei Accenture Plc., Oracle Corporation, SAP SE,
TIBCO Software, IBM Corporation, AWS Inc., and Auxesis Group. These players
have adopted various market strategies such as partnerships, collaboration,
mergers & acquisitions, and new product launch to strengthen their foothold
in the industry.
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