Rise in demand for improved security of supply chain transactions is key factor driving market revenue growth

The global blockchain in supply chain market size is expected to reach USD 42,543.7 Million in 2030 and register a revenue CAGR of 68.9% over the forecast period, according to latest report by Reports and Data. Market revenue growth is expected to be driven by increased need for supply chain transparency, as well as growth of e-commerce industry. Additionally, market is likely to benefit from new advances in blockchain supply chain technology. Use of blockchain to eliminate middlemen and increased automation in supply chain management are expected to present significant market opportunities over the forecast period.

Blockchains establish a single shared and centralized intermediary for monitoring transactions and information flow for all entities involved in supply chain network. Every entity or participant in supply chain has a copy of ledger, which contains all information regarding product movements and transactions. If a supply chain company or participant tries to commit fraud or manipulate data in digital ledger, that company or participant is only changing its ledger and is immediately out of sync with rest of blockchain ecosystem's ledgers. Moreover, ledgers and transactions on blockchain are encrypted. Thus, they are far more secure than traditional banking models.

 The global information and communications technology (ICT) market registered steady revenue growth in 2020, and market size is expected to increase further over the forecast period. Factors contributing to the global ICT market revenue growth are growing penetration of smart mobile devices such as smartphones, tablets, and smart watches, rapid adoption of state-of-the-art technologies such as AI, machine learning, Internet of Things (IoT), big data analytics, and cloud computing, and rapid digitalization across numerous  industries including the banking & finance, education, healthcare, automotive, oil & gas, agriculture, buildings & construction, and power & energy industries. Increasing accessibility of the Internet across the globe, emergence of the 5G technology, growing need for faster Internet services for rapid data transfer & processing, introduction of advanced Wi-Fi systems, and rising data security and user safety concerns among consumers are some of the other factors expected to drive the ICT market revenue growth.  

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Table of Contents:

1. Report Overview 
1.1 Research Scope
1.2 Key Blockchain in Supply Chain market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline

2. Global Growth Trends 
2.1 Global Blockchain in Supply Chain market size
2.2 Latest regional market trends
2.3 Emerging growth trends

3. Competitive Outlook 
3.1 Global Blockchain in Supply Chain market key players
3.2 Global Blockchain in Supply Chain size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Blockchain in Supply Chain market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances

Regional Markets Highlighted in the Global Blockchain in Supply Chain Market Report:

·       North America

o   U.S.

o   Canada

o   Mexico

·       Europe

o   Germany

o   U.K.

o   Italy

o   France

o   BENELUX

o   Rest of Europe

·       Asia Pacific

o   China

o   India

o   Japan

o   South Korea

o   Rest of Asia Pacific

·       Latin America

o   Brazil

o   Rest of Latin America

·       Middle East & Africa

o   Saudi Arabia

o   U.A.E.

o   South Africa

o   Rest of Middle East & Africa

Top Companies Profiled in the Report:

IBM, Microsoft Corporation, SAP SE, Amazon Web Services, Inc., Oracle Corporation, TIBCO Software Inc., Bitfury Group Limited, Datex Corporation, OpenXcell, and Algorythmix

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