Blockchain Supply Chain Market Size, Share & Trends Analysis Report By Offering, By Type, By Provider, By Enterprise Size, By Application, By End Use, By Region, And Segment Forecasts, 2024 - 2030

Blockchain Supply Chain Market Size, Share & Trends Analysis Report By Offering, By Type, By Provider, By Enterprise Size, By Application, By End Use, By Region, And Segment Forecasts, 2024 - 2030

Blockchain Supply Chain Market Trends

The global blockchain supply chain market size was estimated at USD 2.26 billion in 2023 and is expected to grow at a CAGR of 90.2% from 2024 to 2030. With increasing instances of data breaches and cyber-attacks, businesses are prioritizing the protection of their supply chain data to safeguard against potential threats.

Enhanced security measures are being implemented to protect sensitive information and prevent unauthorized access. This heightened focus on security is driving the adoption of advanced technologies, including encryption, multi-factor authentication, and real-time monitoring systems, to ensure that transactions are conducted securely. Companies are investing in robust cybersecurity solutions to mitigate risks associated with fraud and data tampering, which is, in turn, fueling market growth. As businesses continue to recognize the importance of secure transactions, the demand for innovative security solutions in the supply chain sector is expected to rise significantly.

Transparency in the supply chain has become a critical concern for businesses and consumers alike. The demand for greater visibility into the origins and movement of products is driven by the need to ensure ethical sourcing, compliance with regulations, and the ability to quickly address any issues that arise. Companies are increasingly adopting technologies that provide real-time tracking and reporting of goods as they move through the supply chain. This transparency helps businesses build trust with consumers by demonstrating a commitment to ethical practices and sustainability. In addition, it enables more efficient management of supply chain disruptions by providing visibility into potential bottlenecks or delays.

Blockchain technology is revolutionizing supply chain management by providing a decentralized, immutable ledger that enhances transparency and security. In the retail and consumer goods sector, blockchain is being increasingly utilized to track and verify the authenticity of products, streamline transactions, and reduce fraud. The ability to record every transaction in a secure, transparent manner allows for improved traceability and accountability throughout the supply chain. This technology enables retailers and consumers to access detailed information about the provenance of products, from raw materials to finished goods. The adoption of blockchain in the supply chain is also driving innovation in smart contracts and automated processes, which help reduce operational costs and improve efficiency.

The shift towards automation in supply chain management is transforming how businesses operate and manage their logistics. Automation technologies, such as robotics, artificial intelligence, and advanced analytics, are being implemented to streamline operations, reduce human error, and increase efficiency. Automated systems are capable of handling repetitive tasks, such as inventory management, order processing, and transportation scheduling, allowing human workers to focus on more strategic activities. This increased efficiency not only helps companies reduce costs but also improves accuracy and speed in the supply chain.

The integration of Internet of Things (IoT) technology into supply chain management is revolutionizing how companies monitor and manage their operations. IoT devices, such as sensors and connected equipment, provide real-time data on various aspects of the supply chain, including inventory levels, equipment performance, and environmental conditions. This data-driven approach enables businesses to make informed decisions, enhance operational efficiency, and proactively address potential issues before they escalate. IoT technology also facilitates improved coordination between different components of the supply chain, leading to better forecasting, planning, and execution.

Global Blockchain Supply Chain Market Report Segmentation

The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the blockchain supply chain market based on offering, type, provider, enterprise size, application, end use, and region:

• Offering Outlook (Revenue, USD Million, 2018 - 2030)
• Platform
• Services
• Type Outlook (Revenue, USD Million, 2018 - 2030)
• Public
• Private
• Hybrid and Consortium
• Provider Outlook (Revenue, USD Million, 2018 - 2030)
• Application Providers
• Middleware Providers
• Infrastructure Providers
• Enterprise Size Outlook (Revenue, USD Million, 2018 - 2030)
• Large Enterprises
• Small & Medium Enterprises
• Application Outlook (Revenue, USD Million, 2018 - 2030)
• Asset Tracking
• Payment and Settlement
• Counterfeit Detection
• Smart Contracts
• Risk and Compliance Management
• Others
• End Use Outlook (Revenue, USD Million, 2018 - 2030)
• Retail & E-commerce
• Healthcare
• Manufacturing
• Transportation & Logistics
• Oil & Gas
• Others
• Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Latin America
• Brazil
• Middle East & Africa (MEA)
• Kingdom of Saudi Arabia (KSA)
• UAE
• South Africa

Please note The report will be delivered in 4-8 business days upon order notification.