Precision Business Insights has published a report on the global blockchain supply chain market, estimating its value at USD 822.76 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 50.8% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/blockchain-supply-chain-market
The Blockchain Supply Chain Market is the industry that integrates blockchain technology into supply chain management to improve transparency, security, and efficiency. Blockchain allows for real-time tracking of commodities, minimizes fraud, and simplifies operations by providing an immutable database of transactions.
Drivers:
- Increasing Popularity of Blockchain in Retail & Supply Chain Management (SCM): Businesses are adopting blockchain to enhance transparency, security, and efficiency in supply chain operations.
- Growing Need for Supply Chain Transparency: Companies are prioritizing real-time tracking and verification of goods to ensure ethical sourcing and compliance.
The global blockchain supply chain market segmentation:
1) By Component: Platform and Services
2) By Application: Payment & Settlement, Inventory Management, Compliance Management, Product Traceability, and Others
3) By End User: Manufacturing, Logistics & Transport, Healthcare, Energy & Resources, and Others
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Regional Overview:
The report also examines the current concerns and their Future Effects on the blockchain supply chain market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the blockchain supply chain market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like IBM Corporation, Ripple, Chain Inc, Microsoft Corporation, Coinbase, Blockchain Tech Ltd, Earthport PLC, Abra Inc, Bitfury Group, Deloitte Inc, Digital Asset Holdings.
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