Blockchain in Logistics Market industry, business, strategies, sales revenue and forecast 2029 from manisha's blog

The logistics industry is getting increasingly complex, with supply chains involving an increasing number of facilities and third-party vendors for goods processing, fulfilment, and shipment. Because management changes frequently between stages, there is a high chance of miscommunication and error, which is one of the reasons why supply chain inefficiencies cost businesses millions of dollars each year. According to the World Economic Forum, widespread blockchain use could increase global trade by $1 trillion over the next ten years by removing trade barriers and simplifying time-consuming processes. If businesses take advantage of blockchain's capabilities, logistics will be one of the big winners in this fast-changing market.

Blockchain in Logistics Market Scope and Research Methodology:

The report's goal is to analyse and forecast the Blockchain in Logistics market size. In order to correctly depict the competition scenario for the worldwide Blockchain in Logistics industry, the market research provides strategic profiling of important market participants. It contains a thorough examination of new product launches, acquisitions,mergers and acquisitions, joint ventures, brands, and important players in the Blockchain in Logistics business. The research contains information on industry trends and developments,market dynamics and their potential, assisting specialists in staying current on the most recent trends and sector performance, estimating growth and fall in Blockchain in Logistics  market share during the forecast period. Primary and secondary research approaches were used to have a thorough understanding of the Blockchain in Logistics  industry. The report's goal is to analyse and forecast the Blockchain in Logistics market size. In order to correctly depict the competition scenario for the worldwide Blockchain in Logistics  industry, the market research provides strategic profiling of important market participants. It contains a thorough examination of new product launches, acquisitions, mergers and acquisitions, joint ventures, brands, and important players in the Blockchain in Logistics business. The research contains information on industry trends and developments, market dynamics and their potential, assisting specialists in staying current on the most recent trends and sector performance, estimating growth and fall in Blockchain in Logistics market share during the forecast period. Primary and secondary research approaches were used to have a thorough understanding of the Blockchain in Logistics industry.

Blockchain in Logistics Market Report Overview:

The research comprehensively covers insight analysis in light of the  Blockchain in Logistics Market, as well as its ever-changing patterns, industry environment, and all leading market elements. The Blockchain in Logistics  Market study also includes a complete analysis of leading players.  

Blockchain in Logistics Market size was valued at US$ 8.48 Billion in 2022 and the total Blockchain in Logistics Market revenue is expected to grow at 58% through 2023 to 2029, reaching nearly US$ 208.63 Billion.

Blockchain in Logistics  Market Dynamics:

Product/service monitoring and traceability is one of COVID-19's top priorities, with a $962 billion economic potential. Blockchain software solutions were employed the most in logistics (58%), procurement (31%), and supply chain planning (29%) by 2020, according to APQC and Supply Chain Management Review. According to 77% of survey respondents, the most significant advantage of distributed ledger technology is increased real-time tracking of product movement (QC and Supply Chain Management Review). 69% of businesses employ blockchain-based solutions to preserve supply chain visibility, which aids in the reduction of counterfeit items and the enhancement of product integrity. 62% of firms use blockchain to build trust between parties, store sensitive information, and maintain data and process integrity.

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Blockchain in Logistics Market Segmentation: 

by Application

Marketing and Advertising
Healthcare
Automotive
Pharmaceuticals
Consumer Goods
Others

Blockchain in Logistics  Market Key Players:

• Toray Industries Inc.
• DuPont
• Suez
• Koch Blockchain in Logistics Systems
• Pentair plc
• Toyoba
• Hydranautics
• Pall Corporation
• Seccua GmbH
• Aquatech
• Synder Filtration
• The Merck Group
• 3M
• Cytiva
• Prominent Group

Blockchain in Logistics Market Regional Analysis:

The report is divided into several key countries, with market size, growth rate, import and export of  Blockchain in Logistics  market in these countries, which cover North America, the United States, Canada, Mexico, Europe, the United Kingdom, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and the Middle East and Africa.

Key Questions answered in the Blockchain in Logistics Market Report are: 

• Which segment grabbed the largest share in the Blockchain in Logistics market?
• Which segment is expected to grow at a high rate during the forecast period?
• How is the competitive scenario of the Blockchain in Logistics market?
• Which are the key factors driving the Blockchain in Logistics market growth?
• Which region holds the maximum share in the Blockchain in Logistics market?
• What will be the CAGR of the Blockchain in Logistics market during the forecast period?
• Which are the prominent players in the Blockchain in Logistics market?

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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.

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