(I-BusinessNews.Com, November 19, 2019 ) According to new market research report “Blockchain Supply Chain Market by Application (Payment & Settlement, Counterfeit Detection, Smart Contracts, Risk & Compliance Management, and Product Traceability), Provider, Vertical, and Region – Global Forecast to 2023″, The blockchain supply chain market size is expected to grow from USD 145.0 million in 2018 to USD 3,314.6 million by 2023, at a Compound Annual Growth Rate (CAGR) of 87.0% during the forecast period.
An increasing need for supply chain transparency and rising demand for enhanced security of supply chain transactions are expected to drive the market during the forecast period.
Browse and in-depth TOC on “Blockchain Supply Chain Market”
46 – Tables
36 – Figures
134 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=90851499
The application and solution providers segment is expected to grow at the highest CAGR in the global blockchain supply chain market during the forecast period
By provider, the blockchain supply chain market is segmented into application and solutions providers, middleware providers, and infrastructure and protocols providers. These providers offer infrastructure to develop the blockchain-based platforms. Among these, application and solutions providers segment is expected to witness the fastest growth owing to the introduction of technologically advanced blockchain solutions for streamlining the supply chain management practices.
North America is expected to hold the largest market size in the supply chain blockchain market during the forecast period
North America is expected to hold the largest market size in 2018. The region is considered the most advanced in terms of technology adoption and infrastructure. The wide presence of key industry players of blockchain technology solutions in this region is the main driving factor for the blockchain supply chain market. The companies from various verticals, such as retail and consumer goods, manufacturing, healthcare and logistics, are major customers to the vendors in the market. APAC, on the other hand, is expected to record growth at the highest CAGR during the forecast period with ongoing developments in the major APAC countries, such as China, India, Singapore, and Japan.
The smart contract application segment is projected to grow at the highest CAGR during the forecast period
Blockchain is finding increased application to automate contract execution in the supply chain management, eliminating the need for intermediaries. This has facilitated manufacturers, suppliers, and customers to build a trusted relationship and streamline complex supply chain operations. The application of smart contract is expected surge with the availability of enterprise-ready solutions to overcome the existing limitations of contracts in terms of privacy, scalability, auditability, confidentiality, and performance.
Request Samples @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=90851499
The major blockchain technology vendors include IBM (US), Microsoft (US), Oracle (US), SAP SE (Germany), AWS (US), Huawei (China), Bitfury (Netherlands), Auxesis Group (India), TIBCO Software (US), BTL Group (Canada), Applied Blockchain (UK), Guardtime (Estonia), Nodalblock (Spain), Peer Ledger (Canada), Blockverify (UK), TransChain (France), RecordsKeeper (Spain), Datex Corporation (US), Ownest (France), Omnichain (US), Traceparency (France), Digital Treasury Corporation (China), Chainvine (UK), VeChain (China), Algorythmix (India), and OpenXcell (US).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Content Source : https://www.marketsandmarkets.com/PressReleases/blockchain-supply-chain.asp
MarketsandMarkets™
Mr. Shelly Singh
1-888-600-6441
raviraj.tak@marketsandmarkets.com
Source: EmailWire.Com 
