$3.3 Billion Blockchain Supply Chain Market by Application, Provider, Vertical and Region – Global Forecast to 2023 – ResearchAndMarkets.com

The “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”
report has been added to ResearchAndMarkets.com’s
offering.

The global blockchain supply chain market is forecast to grow from USD
145 million in 2018 to USD 3,314.6 million by 2023, at a Compound Annual
Growth Rate (CAGR) of 87% 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 traceability 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 traceability application is rapidly being
adopted across numerous verticals.

The healthcare 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.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview and Industry Trends

6 Blockchain Supply Chain Market By Provider

7 Market By Application

8 Blockchain Supply Chain Market, By Industry Vertical

9 Market By Region

10 Competitive Landscape

11 Company Profiles

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View source version on businesswire.com: https://www.businesswire.com/news/home/20180713005397/en/

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