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The “Blockchain Supply Chain Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027)” report has been added to ResearchAndMarkets.com’s offering.
The Blockchain Supply Chain Market is expected to grow at a CAGR of 81.7% over the forecast period 2021 to 2026.
A growing requirement for supply chain transparency and surging demand for heightened security of supply chain transactions are significant growth factors for the market.
Increased automation and removal of intermediaries with blockchain in supply chain management would generate possibilities for market growth.
Key Highlights
The platform component part dominated the overall blockchain supply chain market and is anticipated to remain aggressive due to an increase in the adoption of blockchain platforms to streamline the supply chain processes. The segment is anticipated to observe a significant growth in the upcoming years due to the advent of affordable and diverse pricing plans offered by market players.
During a 2019 survey by Kenco Group, 40% of supply chain leaders stated they intend to invest in blockchain technologies. In that same survey, 46% of respondents revealed that they plan to invest in sensors and the Internet of Things (IoT). As per the same source, in 2019, supply chain leaders show a greater willingness to take a risk on new technologies, as 46% of respondents say they are willing to spend 10-24% more on innovation, up from 24% in 2018 and 29 % in 2017.
Forward-thinking companies are planning to invest when blockchain gets to the point that it can…
Full story available on Benzinga.com
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