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New York, NY – March 03, 2025 – The Global Blockchain in Supply Chain Market is experiencing remarkable growth and is projected to reach USD 95.3 billion by 2034, up from USD 2.4 billion in 2024. This growth signifies a CAGR of 44.5% from 2025 to 2034, driven by increasing demand for transparency, traceability, and efficiency in supply chain operations.
Key Takeaways
- Market Growth: Projected to grow from USD 2.4 billion in 2024 to USD 95.3 billion by 2034, at a CAGR of 44.5%.
- By Component: Platform segment holds the largest share, accounting for 64.8% in 2024.
- By Blockchain Type: Public Blockchain leads with 58.1% market share, favoring open and transparent models.
- By Organization Size: Large Enterprises lead adoption with 64.0% market share, driven by investment in advanced technologies.
- By Application: Product Traceability is the leading application, making up 24.5% of the market, focusing on product authenticity and transparency.
- By Industry Vertical: Retail and E-commerce lead with 23.9% of the market, driven by inventory management and fraud prevention needs.
- North America: Dominates with 38.3% of the global market in 2024, fueled by strong investments across industries.
- US Market: The United States leads North America with USD 0.76 billion in revenue and a CAGR of 48.6%, driven by innovation and adoption.
🔴 𝐃𝐢𝐫𝐞𝐜𝐭 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://market.us/report/blockchain-in-supply-chain-market/free-sample/
Key Drivers of Market Growth
- Transparency and Traceability: Blockchain technology offers real-time data sharing and immutable records, ensuring transparency in transactions and helping businesses track goods from origin to destination.
- Operational Efficiency: By eliminating intermediaries, reducing paperwork, and streamlining processes, blockchain technology enhances the efficiency of supply chains, leading to reduced costs and faster operations.
- Security and Trust: The decentralized nature of blockchain ensures secure and tamper-proof records, providing businesses with a higher level of trust and security in their transactions.
Market Drivers
- Increased Demand for Transparency: Blockchain technology ensures transparency in transactions, which is crucial for businesses seeking to reduce fraud and errors within supply chains.
- Improved Efficiency: Blockchain allows for real-time data sharing and eliminates intermediaries, enhancing supply chain efficiency.
- Security and Trust: With blockchain, transactions are securely recorded, offering improved data integrity, which is essential in supply chain management.
🔴 𝐇𝐮𝐫𝐫𝐲 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐅𝐨𝐫 𝐋𝐢𝐦𝐢𝐭𝐞𝐝 𝐏𝐞𝐫𝐢𝐨𝐝 𝐎𝐧𝐥𝐲 @ https://market.us/purchase-report/?report_id=140007
Regional Insights
In 2024, North America leads the market with a dominant 38.3% market share, generating USD 0.91 billion in revenue.
- United States: The U.S. holds a significant portion of the market with USD 0.76 billion and continues to lead with a strong CAGR of 48.6%. The rapid adoption of blockchain technology in various industries, including logistics and retail, is a key factor behind its dominance in the region.
Key Segmentation
Component
- Platform: The core technology enabling blockchain integration into supply chains.
- Services: Additional support services like consulting, integration, and maintenance.
Blockchain Type
- Private Blockchain: Restricted access blockchain, usually controlled by a single organization.
- Public Blockchain: Open-access blockchain, where anyone can participate.
- Hybrid and Consortium Blockchain: A mix of private and public blockchains, often managed by a group of organizations.
Organization Size
- Large Enterprises: Companies with substantial resources and capabilities to invest in blockchain technology.
- Small and Medium-Sized Enterprises (SMEs): Smaller companies adopting blockchain for operational efficiency.
Application
- Asset Tracking: Monitoring the movement and status of assets within a supply chain.
- Product Traceability: Tracking the origin and journey of products for transparency and authenticity.
- Smart Contracts: Self-executing contracts with terms directly written into code.
- Payment and Settlement: Blockchain for financial transactions and settlements in supply chains.
- Risk and Compliance Management: Using blockchain to ensure regulatory compliance and minimize risks.
- Counterfeit Detection: Identifying and preventing counterfeit products in the supply chain.
- Other Applications: Other use cases not covered by the main categories.
Industry Vertical
- Manufacturing: Blockchain applications in the production process.
- Logistics and Transportation: Use of blockchain for tracking and improving the movement of goods.
- Retail and E-commerce: Blockchain for inventory management, fraud prevention, and customer experience.
- Healthcare: Blockchain for secure medical data management and supply chain transparency.
- Oil & Gas: Application in tracking products and ensuring transparency in the energy supply chain.
- Energy: Blockchain for managing energy distribution and ensuring fair trade.
- Other Industry Verticals: Other sectors adopting blockchain for supply chain applications.
Key Market Drivers
- Digital Transformation: The growing trend of digitalization and the need for improved data management systems are driving blockchain adoption.
- Increasing Complexity of Global Supply Chains: Blockchain helps streamline and secure increasingly complex and global supply chains.
Conclusion
The global blockchain in supply chain market is set for explosive growth, fueled by its ability to enhance transparency, reduce costs, and improve security within supply chains. North America, particularly the United States, remains the dominant region, with rapid adoption expected to continue throughout the forecast period.
➤ 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐎𝐭𝐡𝐞𝐫 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐓𝐨𝐩𝐢𝐜𝐬
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