Global Blockchain in Logistics Market Overview:
Blockchain in logistics is becoming a major trend in the logistics industry. Blockchain is becoming game changer in this industry. There are many new start-ups are entering in this market provide an advance blockchain-based platform in logistics. The blockchain supply chain market will reach around USD 3.6 billion in FY 2023. There are various companies that are highly investing in blockchain technology. For instance, recently Domino’s Pizza revealed that they are implementing blockchain technology in Singapore and Malaysia. Some of the players profiled in the study are Maersk (Denmark), Microsoft (United States), COSCO (China), Amazon (United States), Walmart (United States), Shipchain (United States), EXL Service (United States), DHL (Germany), SAP (Germany) and EnHelix (United States).
On the basis of geography, the market of Blockchain in Logistics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channels, the sub-segment i.e. Direct will boost the Blockchain in Logistics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Services, the sub-segment i.e. Inventory Tracking will boost the Blockchain in Logistics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Logistic, the sub-segment i.e. Ship Chain will boost the Blockchain in Logistics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Development in the logistics industry, today logistics industry became a multi-trillion US dollar industry and becoming the backbone of every trade around the globe. As the logistics industry is facing many challenges at their different stages in their supply chain. Increasing issues such as multiple geographical locations handling, this drives the advance technology in the logistics industry.
- Increase in Investment in Research & Development
- Rising Number of New Market Entrants
- The Slowdown in Logistics Industry Because of the Coronavirus Pandemics
- The Decline in Economy in the United States Region
- Growing Demand for Low-Cost Services in Logistics Industry
- Increasing Awareness Related Faster Transaction an Eliminating Efficiency
- Lack of Acceptance of Blockchain Among Logistics Industry
- High Complexity
- Rising Concern Related Data Security
Key Market Developments:
In Mar 2020, Data Gumbo Corporation announced the collaboration, through this initiative the company delivers the best experience of blockchain in the transportation industry. With strategic improvement, the company is aiming to become more competitive in the industry and gain more market share.
The market is the current situation is an emerging market, many dominating players in the logistics industry are highly focusing on the blockchain industry. This market is having a huge number of market-leading players, those are highly focusing on those production technologies, improving efficiency and shelf life. As the market is seeing increasing market opportunities which are captured by tracking the ongoing process improvement and financial flexibility that invest in market growth strategies.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Blockchain in Logistics Services Providers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Blockchain in Logistics market on the basis of product  , application [E-Commerce, Healthcare and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Blockchain in Logistics market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Blockchain in Logistics industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Adrixus Tech (India) and Kale Logistics Solutions (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Blockchain in Logistics market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.