Global Blockchain In Transportation And Logistics Market Overview
The blockchain is a distributed database of records of all the transactions and payments which are executed by the different parties. The blockchain contains a certain and verifiable record of every single transaction ever made. Blockchain makes transfer of data, assets, and money safe, secure and transparent. The blockchain contains a certain and verifiable record of every single transaction ever made. The blockchain technology is an innovative and vital technology as it stands as the proof of all the transactions on the network. It creates a chain of all blocks stored in the system. The blockchain technology helps to maintain a complete database of all addresses and their balances from the origin blocks to the most recent blocks, which is the crucial factor for driving the growth of the market. The global blockchain in transportation and logistics market accounted for US$ 22.5 million in 2019 and is estimated to be US$ 765.5 million by 2025 and is anticipated to register a CAGR of 80.0%.
Impact of Covid-19 pandemic on market
The current COVID-19 pandemic is challenging the blockchain market in the short term. Blockchain can play a crucial role in accelerating digital transformation activities and initiatives amid this crisis. The technology can be used for public health data surveillance, crisis management, donation tracking, securing medical supply chains and others. According to the Organization for Economic Co-operation and Development (OECD), the market will see a slight slowdown, with decrease in technology spending by around 8% in 2020, as compare to the previous year. Governments and other corporate organizations are focusing on deploying innovative solutions to improve the customer’s experience. This report will quantify the impact of a pandemic on the blockchain in transportation and logistics market.
Global Blockchain In Transportation And Logistics Market Dynamics
Increasing adoption of DLT system based on advanced analytics
One of the emerging drivers for the blockchain market is the increasing adoption of the distributed ledger technology (DLT) system based on advanced analytics. DLT is a decentralized system that is used to record transactions with secured mechanisms and advanced data analytics. Services based on the DLT system help to trade and monitor via digital currency. With rise in the adoption of DLT systems and research services, the market is expected to grow in near future.
Growing digitization around the globe
The growing digitization around the world has increased the consumer demand for more transparency in financial transactions, which is paving way for the latest innovations like the blockchain. The financial institutions and the banking sector are the primary end-users of this technology as it provides hassle-free management of the business payments. However, significant initial investment and security concern might be hampering the growth of the target market.
Global Blockchain In Transportation And Logistics Market Segmentation
The global blockchain in transportation and logistics market is segmented based on mode, organizational size, application and region.
On the basis of mode, the global blockchain in transportation and logistics market is segmented into sea, land, and air. Based on organizational size, the target market segmented into large enterprises, and SMEs. Based on application, the target market is segmented into product traceability, tracking and visibility, payment and settlement, smart contract, governance risk and compliance management, and others.
Regional Insights:
On region the global blockchain in transportation and logistics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to hold the largest market size in the blockchain market. Early adoption of blockchain technologies by the organizations in the region and the emergence of several blockchain technology providers will contribute to the overall share of the market. Businesses in North America have recognized the potential of the blockchain technology in delivering enhanced customer experiences; hence, they have started adopting the technology to develop business applications.
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2020 |
|
Forecast period |
2020 – 2025 |
|
Market representation |
Revenue in USD Million & CAGR from 2020 – 2025 |
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Market Segmentation |
By Mode: Sea, Land, and Air By Organizational Size: Large Enterprises, and SMEs By Application: Product Traceability, Tracking and Visibility, Payment and Settlement, Smart Contract, Governance Risk and Compliance Management, and Others |
|
Delivery Mode Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
sReport coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2025. For the purpose of this study, has segmented the global blockchain in transportation and logistics market report based on mode, organizational size, application, and region.
Global Blockchain in Transportation and Logistics Market, By Mode:
- Sea
- Land
- Air
Global Blockchain in Transportation and Logistics Market, By Organizational:
- Large Enterprises
- SMEs
Global Blockchain in Transportation and Logistics Market, By Application:
- Product Traceability
- Tracking and Visibility
- Payment and Settlement
- Smart Contract
- Governance Risk and Compliance Management
- Others
Global Blockchain in Transportation and Logistics Market, By Region:
-
-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- North America
-
Global Blockchain In Transportation And Logistics Market Key Players
The key players operating in the global blockchain in transportation and logistics market includes IBM, AWS, Microsoft, SAP, Intel, Oracle, Bitfury, Cegeka, Earthport, Guardtime, Digital Asset Holdings, Chain, and Huawei. The market is especially characterized by collaborations and partnerships between the businesses and acquisitions of smaller players as a part of strategic expansion as well as launching their new product specimen. For instance, In February 2020, Microsoft integrated Lition blockchain into Azure so that Microsoft Azure’s worldwide enterprise clients can develop, test, and deploy Lition side chains and applications with ease on its platform.
Global Blockchain In Transportation And Logistics Market Company Profile
- AWS
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- IBM
- Microsoft
- SAP
- Intel
- Oracle
- Bitfury
- Cegeka
- Earthport
- Guardtime
- Digital Asset Holdings
- Chain
- Huawei
Global Blockchain In Transportation And Logistics Market Table of Contents
Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Blockchain in Transportation and Logistics Industry Strategies
- Key Questions this Study will Answer
- Market Snippet, By Mode
- Market Snippet, By Organizational Size
- Market Snippet, By Application
- Market Snippet, By Region
- Additional Information
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Porter’s Analysis
- Market Dynamics
- Global Blockchain in Transportation and Logistics Market, By Mode, 2019 – 2025, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2025
- Y-o-Y Growth Analysis (%), 2019 – 2025
- Segment Trends
- Sea
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Land
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Air
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Overview
- Global Blockchain in Transportation and Logistics Market, By Organizational Size, 2019 – 2025, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2025
- Y-o-Y Growth Analysis (%), 2019 – 2025
- Segment Trends
- Large Enterprises
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Small and Medium Size Enterprises
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Overview
- Global Blockchain in Transportation and Logistics Market, By Application, 2019 – 2025, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2025
- Y-o-Y Growth Analysis (%), 2019 – 2025
- Segment Trends
- Product Traceability
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Tracking and Visibility
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Payment and Settlement
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Smart Contract
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Governance Risk
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Compliance Management
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2025
- Overview
- Global Blockchain in Transportation and Logistics Market, By Region, 2019 – 2025, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2025
- Y-o-Y Growth Analysis (%), 2019 – 2025
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Mode, 2019 – 2025
- Market Size and Forecast (US$ Mn), By Organizational Size, 2019 – 2025
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2025
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2025
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Mode, 2019 – 2025
- Market Size and Forecast (US$ Mn), By Organizational Size, 2019 – 2025
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2025
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2025
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Mode, 2019 – 2025
- Market Size and Forecast (US$ Mn), By Organizational Size, 2019 – 2025
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2025
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2025
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Mode, 2019 – 2025
- Market Size and Forecast (US$ Mn), By Organizational Size, 2019 – 2025
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2025
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2025
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Mode, 2019 – 2025
- Market Size and Forecast (US$ Mn), By Organizational Size, 2019 – 2025
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2025
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2025
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Accenture Plc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- SHIPCHAIN
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- TATA CONSULTANCY SERVICE
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- PROVENANCE
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- IBM Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Amazon Web Services, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Microsoft Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- SAP SE
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Intel Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Oracle Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Accenture Plc
- The Last Word
- About Us
- Contact
FAQs
The Blockchain in Transportation and Logistics Market is segmented into Mode, Organizational Size, Application and Region.
Increasing need for transparency and traceability, reducing fraud and errors in supply chain processes, enhancing security and data integrity, and the growing adoption of digital technologies in the logistics sector.
High implementation costs, lack of standardization, potential resistance to change, and concerns about scalability and interoperability.
North America, Europe, Asia-Pacific, Latin America. North America is expected to dominate due to early adoption and technological advancements, particularly in the United States. Europe and Asia-Pacific are also significant markets.
The key players operating the target market includes IBM, AWS, Microsoft, SAP, Intel, Oracle, Bitfury, Cegeka, Earthport, Guardtime, Digital Asset Holdings, Chain, and Huawei.