The rapid proliferation of the e-commerce industry is expected to create multiple opportunities in the market. An increase in demand for supply chain transparency, and a rise in need for improved security of supply chain transactions drive the growth of the global blockchain supply chain market.
Major key players such as – BTL Group, Huawei Accenture Plc., Oracle Corporation, Auxesis Group, SAP SE, Microsoft Corporation, TIBCO Software, IBM Corporation, and AWS Inc.
The global blockchain supply chain market was estimated at $93.16 million in 2017 and is expected to reach $9.85 billion by 2025, growing at a CAGR of 80.2% from 2018 to 2025.
Based on geography, the North America region held the largest share in 2017, accounting for nearly three-fifths of the total market. The Asia-Pacific region, on the other hand, is anticipated to grow at the fastest CAGR of 90.4% during the period.
Based on component, the platform segment accounted for more than four-fifths of the total market share in 2017 and is predicted to maintain its leadership status by 2025. Simultaneously, the services segment would register the fastest CAGR of 87.6% during the estimated period.
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Based on industry vertical, the retail segment contributed to nearly one-fourth of the total market revenue in 2017 and is anticipated to maintain its dominance during the period 2018–2025. At the same time, the healthcare segment is projected to showcase the fastest CAGR of 83.2% by 2025.
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