Blockchain in Logistics Market Overviews
Blockchain in Logistics Market size was valued at US$ 13.39 Billion in 2023 and the total Blockchain in Logistics Market revenue is expected to grow at 58% through 2024 to 2030, reaching nearly US$ 329.34 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. According to the World Economic Forum, widespread blockchain implementation could boost global trade by $1 trillion over the next 10 years by removing trade barriers and shortening cumbersome processes. If organisations take advantage of blockchain's possibilities, logistics is destined to be one of the great winners in this fast-changing market.
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Blockchain in Logistics Market Scope and Methodology:
Many projects are currently in the works to improve supply chain transparency and track provenance using blockchain technology. These projects collect information on how goods are manufactured, where they come from, and how they are handled, which is then recorded in a blockchain-based system. As a result, the data becomes permanent and easily shared, providing supply chain participants with more extensive track-and-trace capabilities than ever before. Companies can utilize this data to give proof of legitimacy for pharmaceutical shipments and proof of authenticity for luxury goods, for example. Consumers benefit from these projects because they can learn more about the things they are buying, such as if a piece was ethically sourced, is an original item, and has been kept in proper conditions.
Blockchain in Logistics Market Regional Insights
North America is expected to have the largest blockchain market in terms of market size. The region's early adoption of blockchain technologies, as well as the advent of various blockchain technology providers, will contribute to the market's overall share. Businesses in North America have recognised the value of blockchain technology in providing better customer experiences, and they have begun to use it to develop business applications. Due to the growth of e-commerce and the COVID-19 epidemic, consumers are placing more orders online, fueling the Blockchain in Logistics sector. This resulted in a 37% rise in volume, with 20 billion parcels delivered in the US, and a 29% increase in revenue, reaching $171 billion in 2020.
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Blockchain in Logistics Market Segmentation
In 2020, the Low-Blockchain in Logistics segment was dominant and held approximately 91% of the overall Blockchain in Logistics Market share in terms of volume. This segment is anticipated to grow at a CAGR of xx% during the forecast period. This steel has a density of 7.85 g/cm3 and Young's modulus of 200 GPa (Grade Point Average).
Blockchain in Logistics Market Key Players
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)
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Key questions answered in the Blockchain in Logistics Market are:
- What is Blockchain in Logistics ?
- What was the Blockchain in Logistics market size in 2023?
- What is the growth rate of the Blockchain in Logistics Market?
- Which are the factors expected to drive the Blockchain in Logistics market growth?
- What are the different segments of the Blockchain in Logistics Market?
- What growth strategies are the players considering to increase their presence in Blockchain in Logistics ?
- What are the upcoming industry applications and trends for the Blockchain in Logistics Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Blockchain in Logistics Market?
- Who are the leading companies and what are their portfolios in Blockchain in Logistics Market?
- What segments are covered in the Blockchain in Logistics Market?
- Who are the key players in the Blockchain in Logistics market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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