Blockchain in Logistics Market size was valued at US$ 3.4 Billion in 2020 and the total Blockchain in Logistics Market revenue is expected to grow at 58% through 2021 to 2027, reaching nearly US$ 83.58 Billion.
The logistics sector is becoming more complicated, with supply chains comprising an increasing number of sites and third parties for goods processing, fulfilment, and shipment. Because management frequently changes between stages, there is a high risk of miscommunication and error, which is one of the reasons why supply chain inefficiencies cost firms millions of dollars each year.
Blockchain in Logistics Market Scope:
This Stellar Market Research report divides the Blockchain in Logistics market into several segments based on manufacturers, regions, product types, and application areas. The value, output, and consumption of a market can be used to calculate its size. This Stellar Market Research (SMR) report covers a variety of topics, including distribution channels, Porter's Five Forces Report, market share, size, growth rate, future trends, market drivers, opportunities and challenges, risks, and entry barriers.
Blockchain in Logistics Market Overview:
The SMR Blockchain in Logistics Market report examines the upstream, midstream, and downstream industries' historical and projected growth. The market study goes into great detail about the overall market size, overall revenue, and market segmentation. The SMR research thoroughly considers a variety of factors, including current market competition, potential growth barriers, and profiles of key manufacturers, as well as production and consumption by relevant areas.
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Blockchain in Logistics Market Drivers:
One of the key priorities for COVID-19 is product/service tracking and traceability, which has a $962 billion economic potential. According to APQC and Supply Chain Management Review, blockchain software solutions were used the most in logistics (58%), procurement (31%), and supply chain planning (29%) by 2020. The biggest benefit of distributed ledger technology, according to 77% of study respondents, is improved real-time tracking of product movement (QC and Supply Chain Management Review). 69% of firms use blockchain-based technologies to maintain supply chain visibility, which helps them reduce counterfeit items and increase product integrity.
Blockchain in Logistics Market Segmentation:
The qualitative and quantitative data provided in the Blockchain in Logistics Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Blockchain in Logistics Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the global market.
Key Players:
IBM (India)
AWS (USA)
Microsoft (USA)
SAP (Germany)
Intel (USA)
Oracle (USA)
Bitfury (Netherlands)
Cegeka (Belgium)
Earthport (UK)
Guardtime (Estonia)
Digital Asset Holdings (USA)
Chain
Huawei. (China)
The SMR report also includes information on the Blockchain in Logistics market's leading players, such as company profiles, product images and specifications, output and capacity figures, pricing and cost information, revenue information, and contact information. It examines the requirements for raw materials, machinery, and upstream and downstream procedures.
Blockchain in Logistics Market Regional Analysis:
The market's five geographical regions are the Middle East and Africa, South America, North America, Asia Pacific, and Europe. Stellar Market Research presents all market sub-segments and significant geographic divisions. We investigate regional evolution in terms of market size, share, and volume in this SMR report. This Stellar Market Research Blockchain in Logistics industry report includes an in-depth analysis of business chain structures, opportunities, and the most recent market news, as well as data, geographic breakdowns, and revenue.
Key Questions answered in the Blockchain in Logistics Market Report are:
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In 2018, Stellar Market Research, an organization based in India, was founded. Its area of expertise is long-term planning and consulting services to help clients meet their organisational transformation goals.
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Dec 03, 2022