Blockchain in Logistics Market Size, Share, Growth Factors, Business, Development, Technology Advancement And Forecast 2029

 The logistics industry is getting increasingly complex, with supply chains involving an increasing number of facilities and third-party vendors for goods processing, fulfilment, and shipment. Because management changes frequently between stages, there is a high chance of miscommunication and error, which is one of the reasons why supply chain inefficiencies cost businesses millions of dollars each year. According to the World Economic Forum, widespread blockchain use could increase global trade by $1 trillion over the next ten years by removing trade barriers and simplifying time-consuming processes. If businesses take advantage of blockchain's capabilities, logistics will be one of the big winners in this fast-changing market.

Blockchain in Logistics Market Report Scope and Research Methodology

The research includes an in-depth analysis of the strategies of the industry's major companies, as well as a complete examination of the various market segments and geographies. SWOT analysis was used to determine the Blockchain in Logistics major players' strengths and weaknesses. A comprehensive analysis of Blockchain in Logistics market dynamics, including drivers, constraints, opportunities, and challenges, is presented for each region and segment. The Blockchain in Logistics Market study also includes figures for import/export consumption, supply and demand, price, cost, income, and gross margins. For correct inferences, the data acquired through primary and secondary research and analysed by MMR analysts on Blockchain in Logistics Market was pooled. To gather data for the Blockchain in Logistics Market research on critical parameters such as market trends, market size, growth patterns, competitive landscape, prognosis, and so on. Primary information was gathered through interviews, while secondary data was gathered from sources such as annual or financial reports, government records, company websites, industry white papers, paid databases, and free databases. To estimate the and regional Blockchain in Logistics Market size, the bottom-up approach was utilised.

Blockchain in Logistics Market Report Overview:

The study is based on significant company estimates as well as market facts. During the projected period, the Blockchain in Logistics Market Report offers growth variables, current market share, various types, technologies, applications, and regional penetrations by 2029.

Blockchain in Logistics Market size was valued at US$ 8.48 Billion in 2022 and the total Blockchain in Logistics Market revenue is expected to grow at 58% through 2023 to 2029, reaching nearly US$ 208.63 Billion.

Click For Sample Report:https://www.stellarmr.com/report/req_sample/Blockchain-in-Logistics-Market/424 

Blockchain in Logistics Market Dynamics:

Product/service monitoring and traceability is one of COVID-19's top priorities, with a $962 billion economic potential. Blockchain software solutions were employed the most in logistics (58%), procurement (31%), and supply chain planning (29%) by 2020, according to APQC and Supply Chain Management Review. According to 77% of survey respondents, the most significant advantage of distributed ledger technology is increased real-time tracking of product movement (QC and Supply Chain Management Review). 69% of businesses employ blockchain-based solutions to preserve supply chain visibility, which aids in the reduction of counterfeit items and the enhancement of product integrity. 62% of firms use blockchain to build trust between parties, store sensitive information, and maintain data and process integrity.

Blockchain in Logistics Market Segmentation:

According to current industry estimates, 10% of all goods invoices contain incorrect data, resulting in disputes and other logistics process inefficiencies. Accenture predicts that increasing invoice accuracy and minimising overpayments may save at least 5% of yearly goods spend in the oil and energy industries alone. Blockchain has the potential to increase efficiency across the entire logistics and settlement process, including trade financing, and to aid in the resolution of logistical issues. When digitised documents and real-time shipment data are incorporated in blockchain-based systems, this information can be used to establish smart contracts. When specific conditions are met, these contracts have the potential to automate corporate processes.

Ship Chain was among the first startups to investigate smart contract applications in the logistics industry. ShipChain is a startup that has developed a blockchain-based system for tracking and tracing a product from the time it leaves the producer to the time it arrives at the customer's door. The system will include an open API architecture that will allow it to integrate with existing freight management software and will handle all modes of freight. Once the conditions are completed, all critical supply chain information is saved in an immutable blockchain-based database capable of executing smart contracts (for example, when the driver submits confirmation of successful delivery).

Blockchain in Logistics Market Regional Analysis:

The key geographic condition of the market, as well as segments and subsegments, are investigated in the Blockchain in Logistics  Industry Research. The research describes the present situation of the regional market in terms of market size, share, and volume. The Blockchain in Logistics  market research includes an examination of all regions:

  • Europe 
  • North America 
  • Asia-Pacific
  • the Middle East and Africa 
  • Latin America

Blockchain in Logistics 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
Key Questions answered in the Blockchain in Logistics Market Report are:

  • What is Blockchain in Logistics  Market?
  • What will be the CAGR of the Blockchain in Logistics market during the forecast period?
  • Which region held the largest Blockchain in Logistics market share?
  • What are the factors driving the Blockchain in Logistics market growth?
  • What are the opportunities for the Blockchain in Logistics Market?
  • What factors are restraining the Blockchain in Logistics market growth?
  • Which company held the largest share in the Blockchain in Logistics market?
  • What key trends are likely to emerge in the Blockchain in Logistics market in the coming years?
  • Which segment of the Blockchain in Logistics market is expected to grow at a high rate during the forecast period?

Key offerings:

  • Past Market Size and Competitive Landscape 
  • Past Pricing and price curve by region 
  • Market Size, Share, Size & Forecast by different segment 
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region.
  • Market Segmentation – A detailed analysis by segments and sub-segments
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
  • PESTLE Analysis 
  • PORTER’s analysis 
  • Value chain and supply chain analysis 
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis 
  • Recommendations 

For More Information About This Research Please Visit :https://www.stellarmr.com/report/req_sample/Blockchain-in-Logistics-Market/424 

About Stellar Market Research

Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

Contact Stellar Market Research

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Pinnac Memories Fl. No. 3, Kothrud,

Pune, Maharashtra, 411029

sales@stellarmr.com 

+91 20 6630 3320    +91 9607365656

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