Blockchain in Supply Chain Market 2019 Receives a Rapid Boost in Economy due to High Emerging Demands by Forecast to 2023

Blockchain in Supply Chain Market Research Report, By Application (Payment & Settlement, Counterfeit Detection) —Forecast till 2023

Pune, India - February 12, 2019 /MarketersMedia/ —

Market Highlights:
The global blockchain in the supply market is gaining traction with rising demands for tracking purchase orders, change order, shipment notifications, or trade-related documents. The blockchain in supply chain market is estimated to flourish and earn USD 3,485.25 million by 2023, at a CAGR of 87.0% during the forecast period 2018-2013.

The report by Market Research Future (MRFR) reveals the segmental analysis and factors driving the growth of the market.

The Blockchain in Supply Chain Market is a peer to peer distribution technology which is based on three components such as distributed network, shared ledger, and digital transactions. Blockchain is finding increased application to automate and execute streamlined supply chain management and eliminating the need for intermediates. This has facilitated manufacturers, suppliers, and customers building a trusted relationship and supply operations.

However, proliferation of population is augmenting the need of better supply chain technology. MRFR has revealed some important factors in its report that is driving the global blockchain in supply market towards skyline.

Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/6702

Key Market Players:
The key players in blockchain in supply chain market are IBM Corporation (US), Microsoft Corporation (US), Ripple (US), Coinbase (US), Chain, Inc.(US), Abra, Inc (US)., Blockchain Tech Ltd (UK)., Earthport PLC (UK), Bitfury Group ( The Netherlands), Deloitte, Inc. (UK), and Digital Asset Holdings (US) among others.

Factors Driving the Market Share:
A supply chain management includes activities such as planning, controlling and execution for product flow for manufacturing, which hails for distribution to customers in a streamlined way. Thus, transparency and enhanced security while supply chain transaction is increasing with time, which is eventually gaining the limelight. Due to this, the adoption of blockchain technology is driving the blockchain in supply chain management in substantial ways.

The efficient blockchain technology in supply chain management supports vibrantly to the entire chain supply in delivering high-value services to the customers. The business that operates supply of products to the customers can benefit constituting blockchain supply chain management in a cost-effective manner. Blockchain technology used in supply chain favors tracking, cost reduction, and establishing trust with customers.

On the other side, the enhanced sense of security which is gained from blockchain technology in supply chain market is driving the blockchain in supply market to a higher CAGR in the coming years. The ability of the blockchain supply chain management will facilitate companies to share information and data with manufacturer, suppliers, and customers in highly secured ways. By this, the transparency in the supply of products will easily cater to the protection of goods as well.

However, some uncertain regulations may limit the adoption of blockchain technology in supply chain during the forecast period.

Market Segmentation:
The global blockchain in supply chain market is segmented into application, provider, vertical, and region.
• By mode of application, the market is segmented into payment & settlement, counterfeit detection, product traceability, smart contracts, risk & comp compliance management, and many others.
• By mode of provider, the market is segmented into application & solution providers, middleware providers, and infrastructure and protocol providers. Among these, application & solution providers segment is expected to witness the fastest growth owing to the advanced blockchain solutions that are streamlining the supply chain management practices.
• By mode of vertical, the market is segmented into retail and consumer goods healthcare and life sciences, manufacturing, oil and gas, logistics, and others.

Access PR Details @ https://www.marketresearchfuture.com/press-release/blockchain-supply-chain-market

Regional Analysis:
The global blockchain in supply chain market has covered across North America, Europe, Asia-Pacific, and the rest of the world.

North America is expected to have the largest market share during the forecast period due to the early adoption of technologies such as IoT (Internet of Things) and artificial intelligence. In addition, retail and consumer goods verticals account to drive the market with a higher CAGR in the forecast period.

Asia-Pacific is also expected to witness a high growth in blockchain in supply chain market owing to the banquet of the largest e-commerce market. The region is expected to offer lucrative opportunities for market players in the coming years.

Latest Industry News:
January 16, 2019: MineHub Technologies and IBM together have announced a collaboration to use blockchain technology in improving operational efficiencies, logistics and financing and reduce costs in the high-value mineral concentrates supply chain from mine to end buyer.

Intended Audience:
• Companies competing in the supply chain management
• Software solution providers
• Network providers
• System integrators
• Retail distributor
• Government, financial, and research institutions as well as investment communities
• Service providers and distributors
• Blockchain application builders
• Customer experience management professionals
• Independent Software Vendors (ISVs)
• Analytics consulting companies
• Enterprises

Table of Contents
1. Executive Summary
2. Scope of the Report
2.1. Market Definition
2.2. Scope of the Study
2.2.1. Research objectives
2.2.2. Assumptions & Limitations
2.3. Market Structure
3. Market Research Methodology
3.1. Research Process
3.2. Secondary Research
3.3. Primary Research
3.4. Forecast Model
Continued…

Access Report Details @ https://www.marketresearchfuture.com/reports/blockchain-supply-chain-market-6702

List of Tables
Table1 Global Block Chain in Supply Chain Market, By Country, 2018–2023
Table2 North America: Block Chain in Supply Chain Market, By Country, 2018–2023
Table3 Europe: Block Chain in Supply Chain Market, By Country, 2018–2023
Table4 Asia-Pacific: Block Chain in Supply Chain Market, By Country, 2018–2023
Table5 Latin America: Block Chain in Supply Chain Market, By Country, 2018–2023
Continued…

List of Figures
Figure 1 Global Block Chain in Supply Chain Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of Global Block Chain in Supply Chain Market
Figure 4 Value Chain of Global Block Chain in Supply Chain Market
Figure 5 Share of Block Chain in Supply Chain Market in 2018, By Country (In %)
Continued…

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Solutions, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 524/528,, Amanora Chambers Magarpatta Road, Hadapsar Pune - 411028
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/blockchain-supply-chain-market-6702

Source URL: https://marketersmedia.com/blockchain-in-supply-chain-market-2019-receives-a-rapid-boost-in-economy-due-to-high-emerging-demands-by-forecast-to-2023/481648

Source: MarketersMedia

Release ID: 481648

More News From Asia Logue

China, US announce more trade talks next week

Feb 17, 2019

BEIJING — With a deadline looming, U.S. and Chinese negotiators will hold more talks in Washington next week aimed at ending a battle over Beijing's technology ambitions. The announcement Friday came after U.S. Trade Representative Robert Lighthizer told Chinese President Xi Jinping that negotiators "made headway" in talks this week in Beijing. They had been the last scheduled before planned U.S. penalties on $200 billion of Chinese products are due to take effect March 2. The United States "hopes to see additional progress," a White House statement said. It gave no indication whether President Donald Trump would extend the deadline....

Indonesia land-burning fines unpaid years after fires

Feb 17, 2019

JAKARTA, Indonesia — Indonesian plantation companies fined for burning huge areas of land since 2009 have failed to pay hundreds of millions of dollars in penalties meant to hold them accountable for actions that took a devastating environmental and human toll. The 10 palm oil and pulp wood companies involved in fires owe more than $220 million in fines and the figure for unpaid penalties for environmental destruction swells to $1.3 billion when an illegal logging case from 2013 is included, according to separate summaries of the cases compiled by Greenpeace and the Ministry of Environment and Forestry. Indonesia's annual...

The Latest: China's Xinhua: US trade talks for next week

Feb 17, 2019

BEIJING — The Latest on China-U.S. trade talks in Beijing (all times local): 6:40 p.m. An official Chinese news agency says U.S. and Chinese negotiators will meet next week in Washington for talks on a technology dispute ahead of a March 2 deadline for a planned American tariff hike. The Xinhua News Agency's announcement followed two days of talks in Beijing that had been the last scheduled meeting before the March 2 deadline. President Donald Trump's economic adviser said earlier he had yet to decide whether to escalate the dispute by going ahead with the penalties on $200 billion of...

World stocks slip with few leads from US-China talks

Feb 17, 2019

SINGAPORE — World markets were mostly lower on Friday in the absence of good news as the U.S. and China concluded yet another round of trade talks in Beijing. France's CAC 40 rose 0.4 percent to 5,080.31 while the DAX in Germany dipped 0.4 percent to 11,044.17. Britain's FTSE 100 edged up 0.1 percent to 7,202.54. Wall Street was set for losses on the open. S&P 500 futures shed 0.3 percent to 2,735.00. Futures for the Dow were 0.4 percent lower at 25,327.00. European traders were looking out for possible snap elections in Spain. Prime Minister Pedro Sanchez was to...

Thai party fields transgender candidate for prime minister

Feb 17, 2019

BANGKOK — As Pinit Ngarmpring, he was a CEO and sports promoter, well known in the world of Thai soccer. Now, under her preferred new name of Pauline Ngarmpring, she's pursuing a bid to become the country's first transgender prime minister. The 52-year-old is one of three candidates put forward by a political party for the post in next month's general election. She says she wants her nomination to bring hope to the marginalized and to open up political space for future generations of LGBT people. With over a month to go before the March 24 polling day, she campaigned...

Sign up now!

Advertisement