Authored By: Sarah
08 Feb 2024

Future-Proofing Supply Chains: Blockchain's Rise to USD 8.55 Billion Market

The Global Blockchain Market in the Supply Chain Industry anticipates a robust 53.59% CAGR from 2024 to 2028, followed by a projection to hit USD 8.55 billion by 2028, Key drivers include rising cargo thefts, complexities in time-bound deliveries, supply chain customization, and the thriving e-commerce sector.

Companies employ diverse strategies like alliances, partnerships, mergers, and expansions to strengthen market presence. Key players such as Bitfury Group Ltd., Capgemini Service SAS, ConsenSys Software Inc., Deloitte Touche Tohmatsu Ltd., GuardTime OU, Huawei Technologies Co. Ltd., Infosys Ltd., International Business Machines Corp., Microsoft Corp., and others shape the market landscape.


Download Now: Blockchain in Supply Chain Market Sample Report


Blockchain's Broad Spectrum: Transformative Potential Across Industries

Blockchain revolutionizes supply chain management, utilizing a decentralized, transparent digital ledger. It streamlines processes like tracking, tracing, and transparency, reducing fraud. Market growth is driven by the demand for efficient solutions in complex, time-bound deliveries, and customized supply chains. Blockchain adoption varies in rural areas due to infrastructure differences, enhancing efficiency.

Blockchain Market Size, Share & Growth Analysis Report

Blockchain Market Size, Share & Growth Analysis Report


The transformative potential of blockchain extends across industries, fostering innovation in financial transactions. A key trend is the emergence of blockchain-as-a-service, with major players investing in technology advancements. This evolution enhances companies' capabilities in managing blockchain-connected nodes, propelling the market growth. Additionally, blockchain-as-a-process aids enterprises in reducing fraud and ensuring transparency across the entire supply chain. Enterprises lacking technical expertise opt for services from blockchain-as-a-service providers, contributing to market expansion.

The future of the Blockchain Market in the Supply Chain Industry is exceptionally promising, marked by increasing adoption of streamlined processes and heightened transparency. With a surge in demand for secure supply chain management, strategic collaborations, and evolving blockchain-as-a-service solutions, this market presents lucrative opportunities for business leaders aiming to stay at the forefront of technological advancements. Download Blockchain in Supply Chain Market Sample Report  Now

Technavio’s analysis of the Blockchain Market in the Supply Chain Industry also includes:

  • CAGR of the market during the forecast period 2024-2028
  • Detailed information on factors that will drive the blockchain market in supply chain industry growth during the next five years
  • Precise estimation of the blockchain market in supply chain industry size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the blockchain market in the supply chain industry across 
  • A thorough analysis of the market’s competitive landscape
  • Comprehensive details of factors that will challenge the growth of the blockchain market in the supply chain industry.
Read News Read Less
Interested in this report?
Get your sample now!
Technavio