Global Blockchain in Supply Chain Market is Expected to Reach $424.24 Million by 2023 With a CAGR of 48.37 % During the Forecast Period

Global Blockchain in Supply Chain Market is Expected to Reach $424.24 Million by 2023 With a CAGR of 48.37 % During the Forecast Period

PR Newswire

HYDERABAD, India, April 10, 2018

HYDERABAD, India, April 10, 2018 /PRNewswire/ --

According to the new market research report by IndustryARC titled "Blockchain Market in Supply Chain: By Type (Public, Private and Consortium); By Application (Contract management, Payment systems, Procurement, Provenance, Ownership transfer, Asset Tracking and Inventory Control) and Geography - Forecast (2018-2023)", the market is expected to reach $424.24 million by 2023 with a CAGR of 48.37 % during the forecast period. Large number of companies have been using the blockchain technology for supply chain applications. This factor bolsters the market.

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North America has a major share in the Blockchain Market in Supply Chain Market 

North America is expected to dominate the Blockchain Market in Supply Chain with a revenue of $131.65 million by 2023. In Asia Pacific, the market is expected to have a CAGR of 56.1% in the coming years. It is beneficial in transforming the payments prospect by offering an economy cost. Digital currency is the latest trend being followed in the market. In the Asia Pacific region, technology has developed with Blockchain. Blockchain technology maintains the transparency of the databases which includes payments, contract management, procurement, etc.

In other economies like Middle East, Africa, and Brazil, the increasing demand for digitization is due to government initiatives through foreign investment in these countries to become the top global economies. This enhances the scope for the blockchain solutions in these countries.

Selected Analysis done in the full Report: 

Smart contracts and blockchain technology are the main driving forces for contract management. This in turn drives the market due to better economic efficiencies, saving time and other factors. The manufacturers and their partners have individual transactions in a block that has bills for raw materials, finished goods, quality, proof of origin, etc. A blockchain management ensures the creation of smart contracts, comprising of terms and conditions. Hence, manufacturers and partners can trust the contract and the identity of their counterpart.

The need for product lifecycles has led to various conflicts between the manufacturers and suppliers. But the problem of managing the development of a complex product has resulted in the use of blockchain technology, since it protects the competitor's edge of the manufacturer and supplier, thus propelling the growth of peer to peer technology across the world.

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Excerpts Growth Factors Mentioned in the Full Report: 

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Keyplayers of the Blockchain Market in Supply Chain  

IBM Corporation is one of the leading companies in developing blockchain technologies. It has major presence in countries like Japan, US, Europe, China, and Asia Pacific. It operates in business segments such as analytics, cloud, commerce, IT, infrastructure, and security. Deloitte Touche Tohmatsu operates in segments like finanacial advisory, risk advisory, consulting, tax, and audit. T-Mining which has its headquarters in Belgium uses blockchain technology for sharing data and secure file transfer for logistics and support.

  1. Abra
  2. AlphaPoin  
  3. Bitfury Group Limited
  4. Bloq
  5. BTL Group Ltd
  6. Chain, Inc
  7. Chainvine
  8. Coinbase
  9. Digital Asset Holding LLC
  10. Digital Treasury Corporation
  11. Ethereum Foundation
  12. Factom
  13. Guardtime
  14. Internation Machine Business Corporation
  15. IBM
  16. Blockcypher, Inc.
  17. Microsoft
  18. Primechain Technologies Pvt. Ltd 
  19. Skuchain
  20. Monax
  21. Romit
  22. Provenance Ltd
  23. Others (15+)

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Blockchain Market in Supply Chain is segmented as below 

Blockchain technology enables the businesses to work together with more trust. It provides a sharing operating system where the parties involved in an exchange can access the digital record of transactions which are unchangeable.

            1. Public

            2. Private

            3. Consortium

            1. Contract Management

            2. Payment Systems

            3. Procurement

            4. Provenance

            5. Ownership Transfer

            6. Asset Tracking and Inventory Control

Related Report: 

  1. Blockchain in Healthcare Market :
  2. Blockchain in small and Medium Business :
  3. Blockchain Market in Retail :

What can you expect from the report? 

The Blockchain Market in Supply Chain Report is prepared with the Main Agenda to Cover the following 20 points:

1. Market Size by Product Categories

2. Market trends

3. Manufacturer Landscape

4. Distributor Landscape

5. Pricing Analysis

6. Top 10 End user Analysis

7. Product Benchmarking

8. Product Developments

9. Mergers & Acquisition Analysis

10. Patent Analysis

11. Demand Analysis (By Revenue & Volume )

12. Country level Analysis (13+)

13. Competitor Analysis

14. Market Shares Analysis

15. Value Chain Analysis

16. Supply Chain Analysis

17. Strategic Analysis

18. Current & Future Market Landscape Analysis

19. Opportunity Analysis

20. Revenue and Volume Analysis

Does IndustryARC publish country, geography or application based reports in Blockchain Market in Supply Chain ? 

Yes, we do have separate reports and database as mentioned below:

1. Americas Blockchain Market in Supply Chain

2. Europe Blockchain Market in Supply Chain

3. Asia pacific Blockchain Market in Supply Chain

4. Contract Management Block Chain Market in Supply Chain

5. Payment systems Block Chain Market in Supply Chain

6. Procurement Blockchain Market in Supply Chain

Talk to one of our sales representative about the full report by providing your details in the link below:

Does IndustryARC provide customized reports and charge additionally for limited customization? 

Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in application or end user industry.

2. Increase the number of countries in geography or product chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you

4. Company profiles can be requested based on your interest.

5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

Any other major customizations can be discussed with our team and can provide a separate quote based on your requirements. You can drop an e-mail to to discuss more about our consulting services.

About IndustryARC: 

IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications in a Market. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business.

We look forward to supporting the client to be able to better address their customer needs, stay ahead in the market, become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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