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.
Blockchain in Logistics Market Report Scope and Research Methodology
The report provides a comprehensive analysis of the Blockchain in Logistics market size, growth, supply, demand, share, innovations, and recent developments, and key stakeholders can use the simple statistics, tables, and figures for strategic planning that leads to the organization’s success. The report includes a detailed analysis of the Blockchain in Logistics market’s competitive landscape, as well as Company Profile, Revenue, Product Specifications, Production Capacity/Sales, Price, and Gross Margin Sales. The bottom-up approach was used to estimate the value of the and regional Blockchain in Logistics markets. The data collected using both primary and secondary research methodologies was combined to make the Blockchain in Logistics market report authentic and error-free. The analyst obtained these figures from Blockchain in Logistics industry experts and the company. representatives and externally validated them by analysing historical data of these product types and applications in order to obtain an accurate Blockchain in Logistics market size. To define, characterize, and analyse the Blockchain in Logistics market competition landscape, SWOT analysis and Porter’s Five Force Analysis are used, with a focus on key players.
Blockchain in Logistics Market Overview:
Stellar Market Research provides a brief description of the Blockchain in Logistics Market, as well as the most recent market snapshots. These aids understanding of its features by providing an overview of the Blockchain in Logistics market that highlights standard topics. This overview assists clients in comprehending the situation in the Blockchain in Logistics industry.
Blockchain in Logistics Market size was valued at US$ 3.4 Billion in 2020 and the total Blockchain in Logistics Market revenue is expected to grow at 58% through 2021 to 2027, reaching nearly US$ 83.58 Billion.
To Get A Copy Of The Sample Of The Market, Click Here:https://www.stellarmr.com/report/req_sample/Blockchain-in-Logistics-Market/424
Blockchain in Logistics Market Regional Insights:
By providing detailed information on key players in each key country, the report assists clients in understanding the Blockchain in Logistics market structure. It is a clear representation of local energy, economic, political, and geographic variables that is required for any meaningful evaluation of potential policy options in response to the development of the Blockchain in Logistics market in each region. The report covers North America, Asia Pacific, Europe, South America, and the Middle East and Africa.
Blockchain in Logistics Market Dynamics:
One of the key priorities for COVID-19 is product/service tracking and traceability, which has a $962 billion economic potential. According to APQC and Supply Chain Management Review, blockchain software solutions were used the most in logistics (58%), procurement (31%), and supply chain planning (29%) by 2020. The biggest benefit of distributed ledger technology, according to 77% of study respondents, is improved real-time tracking of product movement (QC and Supply Chain Management Review). 69% of firms use blockchain-based technologies to maintain supply chain visibility, which helps them reduce counterfeit items and increase product integrity. Blockchain is used by 62% of businesses to create trust between parties, store sensitive information, and ensure data and process integrity.
Blockchain in Logistics Market Segmentation:
According to current industry estimates, 10% of all freight invoices contain erroneous data, resulting in disputes and other process inefficiencies in the logistics business. This issue is so widespread that Accenture estimates that improving invoice accuracy and reducing overpayments may save at least 5% of annual freight spend in the oil and energy industry alone. Blockchain has the ability to improve efficiency throughout the whole logistics and settlement process, including trade financing, as well as assist in the resolution of logistical disputes. This information can be utilised to create smart contracts when digitised documents and real-time shipment data become embedded in blockchain-based systems. When certain circumstances are met, these contracts can automate business procedures.
Ship Chain was one of the first companies to seek smart contract applications in the logistics business. ShipChain is a startup that has created a blockchain-based system for tracking and tracing a product from the moment it leaves the manufacturer to final delivery at the customer's doorstep. The system is planned to contain an open API architecture that can interface with existing freight management software, and it will cover all modes of freight. Once the prerequisites are met, all essential supply chain information is stored in an immutable blockchain-based database that can execute smart contracts (for example, as soon as the driver transmits confirmation of successful delivery).
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
Huawei. (China)
Key questions answered in the Blockchain in Logistics Market are:
- What is Blockchain in Logistics Market?
- What are the Blockchain in Logistics Market segments?
- Which Blockchain in Logistics market segment is expected to grow at a high rate during the forecast period?
- Who are the top players in the Blockchain in Logistics market industry?
- What is the expected Blockchain in Logistics Market size by 2029?
- What was the Blockchain in Logistics Market size in 2021?
- Which region is expected to grow at a high CAGR?
- Who held the largest market share in Blockchain in Logistics Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis of 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
Request for Free Sample Pages: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
S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud,
Pune, Maharashtra, 411029
+91 20 6630 3320 +91 9607365656
Related Report Link:
https://bdnews55.com/2023/04/20/fungicides-market-outlook-strategies-industry-analysis-and-forecast-2027/
https://bdnews55.com/2023/04/20/drilling-fluids-market-share-opportunities-leading-players-distribution-channel-and-forecast-2027/
https://bdnews55.com/2023/04/20/material-handling-equipment-market-outlook-development-strategy-and-forecast-2027/
https://bdnews55.com/2023/04/20/rechargeable-poly-lithium-ion-battery-market-business-factors-opportunities-and-forecast-2027/
https://bdnews55.com/2023/04/20/disposable-plastic-blood-bag-market-opportunities-assessment-development-and-forecast-2027/
