Blockchain Supply Chain Market by Application (Payment & Settlement, Counterfeit Detection, Smart Contracts, Risk & Compliance Management, and Product Traceability), Provider, Vertical, and Region - Global Forecast to 2023

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Date: 06-Jul-2018
No. of pages: 131
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“The blockchain supply chain market is expected to grow at a CAGR of 87.0% during the forecast period”

MarketsandMarkets forecasts the global blockchain supply chain market to grow from USD 145.0 million in 2018 to USD 3,314.6 million by 2023, at a Compound Annual Growth Rate (CAGR) of 87.0% during the forecast period. Main growth factors for the market include an increasing need for supply chain transparency and rising demand for enhanced security of supply chain transactions. However, lack of awareness of the blockchain technology and uncertain regulatory status and standards are expected to limit the market growth.

“The product trace ability application segment is estimated to have the largest market size in 2018”

The product trace ability segment is estimated to hold the largest market size in 2018. By tracing and recording the product status at every stage of supply chain, the blockchain technology enables retailers and manufacturers to showcase the authenticity of the products to their consumers. Hence, product trace ability application is rapidly being adopted across numerous verticals.

“Among industry verticals, the health care and life sciences vertical is expected to record grow that the highest rate during the forecast period”

The health care and life sciences vertical is expected to grow at the highest CAGR during the forecast period, as blockchain supply chain offerings enable healthcare and pharmaceutical companies to reduce the illegal activities, such as illegal production of harmful medicines and counterfeit drugs, by criminal enterprises, improper stock control, and lack of visibility and transparency across the supply chain.

“North America is expected to account for the largest market share, while Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period”

North America is estimated to have the largest market size in 2018 followed by Europe, owing to technology developments in these regions. North America is an early adopter of emerging technologies. Being a hub for innovations, combined with its developed capital markets and financial setup, North America presents significant growth opportunities for blockchain supply chain vendors to expand their presence. The adoption of blockchain supply chain offerings is expected to increase in APAC and Latin America. Globalization and the developing economies in these regions are expected to drive the adoption of blockchain supply chain tools and services.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the blockchain supply chain market.


  • By company:Tier 1-15%, Tier 2- 32%, Tier 3-53%

  • By designation: C-Level-38%, D-Level-30%, Others-32%

  • region: North America-20%, Europe- 38%, APAC-32%, RoW- 10%


Some of the major technology vendors include IBM (US), Microsoft (US), Oracle (US), SAP SE (Germany), AWS (US), Huawei (China),Bitfury (Netherlands), Auxesis Group (India), TIBCO Software (US), BTL Group (Canada), Applied Blockchain (UK), Guardtime (Estonia), Nodalblock (Spain), Peer Ledger (Canada), Blockverify (UK), TransChain (France), RecordsKeeper (Spain), Datex (US), Ownest (France), Omnichain (US), Traceparency (France), Digital Treasury Corporation (China), Chainvine (UK), VeChain (China), and OpenXcell (US).

Research Coverage:

The global blockchain supply chain market is segmented on the basis of providers, applications, industry verticals, and regions. The scope of the report is to cover detailed information related to the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the blockchain supply chain market. A detailed analysis of the key industry players has been accomplished to provide insights into their business overviews, key strategies, new product launches, mergers and acquisitions, partnerships, agreements, and collaborations, and other developments associated with the blockchain supply chain market.

Reasons to buy the report:

The report would help the market leaders/new entrants in the market in the following ways:


  • The report segments the global blockchain supply chain market comprehensively and provides the closest approximations of the revenue numbers for the overall market and its sub segments .The market numbers are further split across different industries and regions.

  • The report helps stakeholders understand the pulse of the market and provides information on key market drivers, restraints, challenges, and opportunities.

  • This report would help stakeholders better understand their competitors and gain more insights for improving their business positions. There is a separate section on the competitive landscape that includes competitor ecosystem, and mergers and acquisitions. Besides, there are company profiles of over 25 players who offer blockchain supply solutions in this market. In this section, market internals are provided that can place stakeholders ahead of their competitors.

Blockchain Supply Chain Market by Application (Payment & Settlement, Counterfeit Detection, Smart Contracts, Risk & Compliance Management, and Product Traceability), Provider, Vertical, and Region - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Research Assumptions
2.4 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Blockchain Supply Chain Market
4.2 Market By Provider
4.3 Market By Application
4.4 Market By Region
4.5 Investment Opportunities in the Market

5 Market Overview and Industry Trends
5.1 Market Overview
5.1.1 Market Dynamics
5.1.1.1 Drivers
5.1.1.1.1 Increasing Need for Supply Chain Transparency
5.1.1.1.2 Rising Demand for Enhanced Security of Supply Chain Transactions
5.1.1.2 Restraints
5.1.1.2.1 Lack of Awareness of the Blockchain Technology
5.1.1.2.2 Uncertain Regulatory Status and Standards
5.1.1.3 Opportunity
5.1.1.3.1 Growing Need for Automating Supply Chain Activities and Eliminating Middlemen
5.1.1.4 Challenges
5.1.1.4.1 Managing the Increasing Data Volume
5.1.1.4.2 Lack of the Technical Knowledge
5.2 Industry Trends
5.2.1 Market Top Trends
5.2.1.1 Integration of the Blockchain Technology With the Internet of Things
5.2.1.2 Smart Contracts
5.2.2 Market Use Cases
5.2.2.1 Use Case 1: to Check the Authenticity, Provenance, and Origin of Products By Tracking the Global Flow of Goods, By Bigchaindb
5.2.2.2 Use Case 2: to Reduce the Wastage of Food By Improving Food Safety and Traceability, and Helping Its Online and Offline Consumers Across the Globe, By IBM
5.2.3 Advantages of Blockchain in Supply Chain Management

6 Blockchain Supply Chain Market By Provider
6.1 Introduction
6.2 Application and Solution Providers
6.3 Middleware Providers
6.4 Infrastructure and Protocols Providers

7 Market By Application
7.1 Introduction
7.2 Payment and Settlement
7.3 Counterfeit Detection
7.4 Product Traceability
7.5 Smart Contracts
7.6 Risk and Compliance Management
7.7 Others

8 Blockchain Supply Chain Market, By Industry Vertical
8.1 Introduction
8.2 Retail and Consumer Goods
8.3 Healthcare and Life Sciences
8.4 Manufacturing
8.5 Oil and Gas
8.6 Logistics
8.7 Others

9 Market By Region
9.1 Introduction
9.2 North America
9.2.1 By Provider
9.2.2 By Application
9.2.3 By Industry Vertical
9.2.4 By Country
9.2.4.1 United States
9.2.4.2 Canada
9.3 Europe
9.3.1 By Provider
9.3.2 By Application
9.3.3 By Industry Vertical
9.3.4 By Country
9.3.4.1 United Kingdom
9.3.4.2 Germany
9.3.4.3 Rest of Europe
9.4 Asia Pacific
9.4.1 By Provider
9.4.2 By Application
9.4.3 By Industry Vertical
9.4.4 By Country
9.4.4.1 India
9.4.4.2 Singapore
9.4.4.3 China
9.4.4.4 Rest of Asia Pacific
9.5 Latin America
9.5.1 By Provider
9.5.2 By Application
9.5.3 By Industry Vertical
9.5.4 By Country
9.5.4.1 Brazil
9.5.4.2 Mexico
9.5.4.3 Rest of Latin America
9.6 Middle East and Africa
9.6.1 By Provider
9.6.2 By Application
9.6.3 By Industry Vertical
9.6.4 Country
9.6.4.1 Middle East
9.6.4.2 Africa

10 Competitive Landscape
10.1 Overview
10.2 Blockchain Supply Chain Market: Prominent Players
10.3 Competitive Scenario
10.3.1 New Product Launches and Product Upgradations
10.3.2 Partnerships and Collaborations
10.3.3 Acquisitions
10.3.4 Business Expansions

11 Company Profiles
(Business Overview, Products and Services Offered, Recent Developments, SWOT Analysis, MnM View)*
11.1 IBM
11.2 Microsoft
11.3 SAP SE
11.4 AWS
11.5 Huawei
11.6 Oracle
11.7 Guardtime
11.8 Tibco Software
11.9 Auxesis Group
11.10 BTL Group
11.11 Bitfury
11.12 Omnichain
11.13 Vechain Foundation
11.14 Chainvine
11.15 Digital Treasury Corporation
11.16 Blockverify
11.17 Nodalblock
11.18 Peer Ledger
11.19 Openxcell
11.20 Applied Blockchain
11.21 Recordskeeper
11.22 Transchain
11.23 Datex Corporation
11.24 Ownest
11.25 Traceparency
11.26 Algorythmix

*Details on Business Overview, Products and Services Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customization
12.6 Related Reports
12.7 Author Details

List of Tables

Table 1 United States Dollar Exchange Rate, 2015–2017
Table 2 Blockchain Supply Chain Market Size and Growth Rate, 2016–2023 (USD Million, Y-O-Y %)
Table 3 Market Size By Provider, 2016–2023 (USD Million)
Table 4 Application and Solution Providers: Market Size By Region, 2016–2023 (USD Million)
Table 5 Middleware Providers: Market Size By Region, 2016–2023 (USD Million)
Table 6 Infrastructure and Protocols Providers: Market Size By Region, 2016–2023 (USD Million)
Table 7 Blockchain Supply Chain Market Size, By Application, 2016–2023 (USD Million)
Table 8 Payment and Settlement: Market Size By Region, 2016–2023 (USD Million)
Table 9 Counterfeit Detection: Market Size By Region, 2016–2023 (USD Million)
Table 10 Product Traceability: Market Size By Region, 2016–2023 (USD Million)
Table 11 Smart Contracts: Market Size By Region, 2016–2023 (USD Million)
Table 12 Risk and Compliance Management: Market Size By Region, 2016–2023 (USD Million)
Table 13 Others: Market Size By Region, 2016–2023 (USD Million)
Table 14 Blockchain Supply Chain Market Size, By Industry Vertical, 2016–2023 (USD Million)
Table 15 Retail and Consumer Goods: Market Size By Region, 2016–2023 (USD Million)
Table 16 Healthcare and Life Sciences: Market Size By Region, 2016–2023 (USD Million)
Table 17 Manufacturing: Market Size By Region, 2016–2023 (USD Million)
Table 18 Oil and Gas: Market Size By Region, 2013–2026 (USD Million)
Table 19 Logistics: Market Size By Region, 2013–2026 (USD Million)
Table 20 Others: Market Size By Region, 2016–2023 (USD Million)
Table 21 Blockchain Supply Chain Market Size, By Region, 2016–2023 (USD Million)
Table 22 North America: Market Size By Provider, 2016–2023 (USD Million)
Table 23 North America: Market Size By Application, 2016–2023 (USD Million)
Table 24 North America: Market Size By Industry Vertical, 2016–2023 (USD Million)
Table 25 North America: Market Size By Country, 2016–2023 (USD Million)
Table 26 Europe: Blockchain Supply Chain Market Size, By Provider, 2016–2023 (USD Million)
Table 27 Europe: Market Size By Application, 2016–2023 (USD Million)
Table 28 Europe: Market Size By Industry Vertical, 2016–2023 (USD Million)
Table 29 Europe: Market Size By Country, 2016–2023 (USD Million)
Table 30 Asia Pacific: Blockchain Supply Chain Market Size, By Provider, 2016–2023 (USD Million)
Table 31 Asia Pacific: Market Size By Application, 2016–2023 (USD Million)
Table 32 Asia Pacific: Market Size By Industry Vertical, 2016–2023 (USD Million)
Table 33 Asia Pacific: Market Size By Country, 2016–2023 (USD Million)
Table 34 Latin America: Blockchain Supply Chain Market Size, By Provider, 2016–2023 (USD Million)
Table 35 Latin America: Market Size By Application, 2016–2023 (USD Million)
Table 36 Latin America: Market Size By Industry Vertical, 2016–2023 (USD Million)
Table 37 Latin America: Market Size By Country, 2016–2023 (USD Million)
Table 38 Middle East and Africa: Market Size By Provider, 2016–2023 (USD Million)
Table 39 Middle East and Africa: Market Size By Application, 2016–2023 (USD Million)
Table 40 Middle East and Africa: Market Size By Industry Vertical, 2016–2023 (USD Million)
Table 41 Middle East and Africa: Market Size By Subregion, 2016–2023 (USD Million)
Table 42 Key Players in the Blockchain Supply Chain Market
Table 43 New Product Launches and Product Upgradations, 2017–2018
Table 44 Partnerships and Collaborations, 2017–2018
Table 45 Acquisitions, 2016
Table 46 Business Expansions, 2016-2017

List of Figures

Figure 1 Blockchain Supply Chain Market Segmentation
Figure 2 Regional Scope
Figure 3 Market Research Design
Figure 4 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 5 Data Triangulation
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Blockchain Supply Chain Market: Assumptions
Figure 9 Product Traceability Application and North America are Estimated to Have the Largest Market Shares in 2018
Figure 10 Blockchain Supply Chain Market Share, By Provider, 2018
Figure 11 North America is Estimated to Hold the Largest Market Share in 2018
Figure 12 High Adoption of the Blockchain Technology Across Application Areas to Provide Significant Opportunities for the Market Growth
Figure 13 Application and Solution Providers Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 14 Smart Contracts Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 15 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 16 Asia Pacific is Expected to Pose the Best Investment Opportunity During the Forecast Period
Figure 17 Blockchain Supply Chain Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Application and Solution Providers Segment is Expected to Exhibit the Highest CAGR During the Forecast Period
Figure 19 Smart Contracts Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 20 Healthcare and Life Sciences Industry Vertical is Expected to Record the Highest CAGR During the Forecast Period
Figure 21 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 22 North America: Market Snapshot
Figure 23 Asia Pacific: Market Snapshot
Figure 24 Key Developments By the Leading Players in the Blockchain Supply Chain Market, 2017–2018
Figure 25 IBM: Company Snapshot
Figure 26 IBM: SWOT Analysis
Figure 27 Microsoft: Company Snapshot
Figure 28 Microsoft: SWOT Analysis
Figure 29 SAP SE: Company Snapshot
Figure 30 SAP SE: SWOT Analysis
Figure 31 AWS: Company Snapshot
Figure 32 AWS: SWOT Analysis
Figure 33 Huawei: Company Snapshot
Figure 34 Huawei: SWOT Analysis
Figure 35 Oracle: Company Snapshot
Figure 36 BTL Group: Company Snapshot

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