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PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1570559

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PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1570559

Blockchain for Supply Chain Traceability Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

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PAGES: 240 Pages
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The Global Blockchain For Supply Chain Traceability Market, valued at USD 2.1 billion in 2023, is forecasted to grow at a CAGR of over 31.9% from 2024 to 2032 due to the surging demand for transparency and accountability in supply chains. Both businesses and consumers are increasingly prioritizing product authenticity, ethical sourcing, and adherence to regulations. Blockchain technology, with its decentralized and immutable ledger, captures every transaction in the supply chain, ensuring a transparent audit trail. This level of transparency not only authenticates the origin of goods but also monitors compliance with standards and upholds ethical practices.

The industry is also witnessing a notable shift towards collaboration and partnership. Companies are realizing that to fully leverage the advantages of blockchain, collaboration with all supply chain stakeholders, from suppliers and manufacturers to distributors and retailers is essential. Through industry consortia, these stakeholders can collaboratively develop and implement blockchain solutions that tackle shared challenges and generate mutual benefits. Such alliances not only standardize blockchain protocols and boost interoperability but also expedite the technology's adoption. In November 2021, NSF, in collaboration with industry experts, launched NSF Verify, a groundbreaking agri-food supply chain system. This platform offers sophisticated animal identification and traceability, meticulously tracking each animal's journey from birth to market.

The industry is segmented into component, deployment model, organization size, technology, application, end user, and region.

Based on deployment model, the blockchain in supply chain traceability market is categorized into cloud-based and on-premises solutions. The cloud-based segment is projected to reach USD 19.2 billion by 2032. The cost-effectiveness of cloud-based models significantly drives their adoption in the market. By opting for cloud solutions, businesses sidestep hefty capital investments in hardware, software, and maintenance. Instead, they can adopt a pay-as-you-go model, incurring costs only for the resources they utilize.

Divided into platforms and services, the market's platform segment dominated in 2023, holding over 63% market share. The heightened emphasis on regulatory compliance propels the adoption of blockchain platforms for supply chain traceability. Regulatory bodies, especially in sectors like pharmaceuticals, food and beverage, and luxury goods, are tightening regulations on product safety and ethical sourcing.

In 2023, North America commanded a notable 43% share of the blockchain in supply chain traceability market. With regulatory demands escalating, especially in pharmaceuticals and food sectors, companies are turning to blockchain solutions to uphold product safety and authenticity. The immutable nature of blockchain's ledger offers the transparency and traceability needed to meet regulations like the Drug Supply Chain Security Act (DSCSA) in the U.S.

Product Code: 10586

Table of Contents

Chapter 1 Methodology and Scope

  • 1.1 Research design
    • 1.1.1 Research approach
    • 1.1.2 Data collection methods
  • 1.2 Base estimates and calculations
    • 1.2.1 Base year calculation
    • 1.2.2 Key trends for market estimation
  • 1.3 Forecast model
  • 1.4 Primary research and validation
    • 1.4.1 Primary sources
    • 1.4.2 Data mining sources
  • 1.5 Market definitions

Chapter 2 Executive Summary

  • 2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

  • 3.1 Industry ecosystem analysis
  • 3.2 Supplier landscape
    • 3.2.1 Blockchain platform developers
    • 3.2.2 Service provider
    • 3.2.3 Technology providers
    • 3.2.4 End-user
  • 3.3 Profit margin analysis
  • 3.4 Technology and innovation landscape
  • 3.5 Patent analysis
  • 3.6 Key news and initiatives
  • 3.7 Regulatory landscape
  • 3.8 Impact forces
    • 3.8.1 Growth drivers
      • 3.8.1.1 Increasing demand for transparency and accountability
      • 3.8.1.2 Rising incidences of fraud and counterfeiting
      • 3.8.1.3 Increased innovations in blockchain technology
      • 3.8.1.4 Growing consumer preferences for sustainable sourcing practices
    • 3.8.2 Industry pitfalls and challenges
      • 3.8.2.1 High deployment cost
      • 3.8.2.2 Scalability issues related to blockchain technology
  • 3.9 Growth potential analysis
  • 3.10 Porter's analysis
  • 3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

  • 4.1 Introduction
  • 4.2 Company market share analysis
  • 4.3 Competitive positioning matrix
  • 4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Component, 2021 - 2032 ($Bn)

  • 5.1 Key trends
  • 5.2 Platform
  • 5.3 Services
    • 5.3.1 Maintenance services
    • 5.3.2 Consulting services
    • 5.3.3 Integration services

Chapter 6 Market Estimates and Forecast, By Deployment Model, 2021 - 2032 ($Bn)

  • 6.1 Key trends
  • 6.2 Cloud-based
  • 6.3 On-premises

Chapter 7 Market Estimates and Forecast, By Organization Size, 2021 - 2032 ($Bn)

  • 7.1 Key trends
  • 7.2 SME
  • 7.3 Large enterprises

Chapter 8 Market Estimates and Forecast, By Technology, 2021 - 2032 ($Bn)

  • 8.1 Key trends
  • 8.2 Public blockchain
  • 8.3 Private blockchain
  • 8.4 Hybrid blockchain

Chapter 9 Market Estimates and Forecast, By Application, 2021 - 2032 ($Bn)

  • 9.1 Key trends
  • 9.2 Inventory management
  • 9.3 Compliance management
  • 9.4 Contract management
  • 9.5 Provenance tracking
  • 9.6 Others

Chapter 10 Market Estimates and Forecast, By End User, 2021 - 2032 ($Bn)

  • 10.1 Key trends
  • 10.2 Healthcare and pharmaceuticals
  • 10.3 Food and beverage
  • 10.4 Logistics and transportation
  • 10.5 Retail
  • 10.6 Manufacturing
  • 10.7 Automotive
  • 10.8 Others

Chapter 11 Market Estimates and Forecast, By Region, 2021 - 2032 ($Bn)

  • 11.1 Key trends
  • 11.2 North America
    • 11.2.1 U.S.
    • 11.2.2 Canada
  • 11.3 Europe
    • 11.3.1 UK
    • 11.3.2 Germany
    • 11.3.3 France
    • 11.3.4 Italy
    • 11.3.5 Spain
    • 11.3.6 Russia
    • 11.3.7 Nordics
    • 11.3.8 Rest of Europe
  • 11.4 Asia Pacific
    • 11.4.1 China
    • 11.4.2 India
    • 11.4.3 Japan
    • 11.4.4 South Korea
    • 11.4.5 ANZ
    • 11.4.6 Southeast Asia
    • 11.4.7 Rest of Asia Pacific
  • 11.5 Latin America
    • 11.5.1 Brazil
    • 11.5.2 Mexico
    • 11.5.3 Argentina
    • 11.5.4 Rest of Latin America
  • 11.6 MEA
    • 11.6.1 UAE
    • 11.6.2 South Africa
    • 11.6.3 Saudi Arabia
    • 11.6.4 Rest of MEA

Chapter 12 Company Profiles

  • 12.1 Accenture PLC
  • 12.2 Ambrosus
  • 12.3 AWS (Amazon Web Services)
  • 12.4 Digital Asset Holdings
  • 12.5 Everledger
  • 12.6 Food Trust (IBM and Walmart initiative)
  • 12.7 Guardtime
  • 12.8 Hyperledger (Linux Foundation)
  • 12.9 IBM Corporation
  • 12.10 Infosys Limited
  • 12.11 Microsoft Corporation
  • 12.12 Modum
  • 12.13 Oracle Corporation
  • 12.14 OriginTrail
  • 12.15 Provenance
  • 12.16 R3
  • 12.17 SAP SE
  • 12.18 Tendermint
  • 12.19 VeChain
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Jeroen Van Heghe

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Christine Sirois

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