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Global Blockchain Supply Chain Market (2020 to 2026) - Growing Need for Automating Supply Chain Activities and Eliminating Middlemen Presents Opportunities
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Global Blockchain Supply Chain Market (2020 to 2026) - Growing Need for Automating Supply Chain Activities and Eliminating Middlemen Presents Opportunities
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The Worldwide Blockchain Supply Chain Industry is Expected to Reach $3+ Billion by 2026 - ResearchAndMarkets.com
March 16, 2021 GMT
DUBLIN (BUSINESS WIRE) Mar 16, 2021
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The report forecasts the global post-COVID-19 blockchain supply chain market to grow from USD 253 million in 2020 to USD 3,272 million by 2026, at a Compound Annual Growth Rate (CAGR) of 53.2% during 2020-2026.
The major growth drivers for the market include increasing popularity of blockchain technology in retail and SCM and growing need for supply chain transparency. However, uncertain regulatory status and standards may restrain the market growth.
by Offering (Platform, Services), Type (Public, Private, and Hybrid and Consortium), Provider, Application (Asset Tracking, Smart Contracts), Enterprise Size, Vertical (FMGC, Healthcare), and Region - Global Forecast to 2026
, published by MarketsandMarkets™, the Blockchain Supply Chain Market size to grow from USD 253 million in 2020 to USD 3,272 million by 2026, at a Compound Annual Growth Rate (CAGR) of 53.2% during the forecast period. Increasing popularity of blockchain technology in retail and SCM, growing need for supply chain transparency and rising demand for enhanced security of supply chain transactions are major growth factors for the market.
Growing need for automating supply chain activities and eliminating middlemen and rising government initiatives would provide lucrative opportunities for vendors in the Blockchain Supply Chain Market.
Blockchain Supply Chain Market worth $3,272 million by 2026 - Exclusive Report by MarketsandMarkets Blockchain Supply Chain Market by Offering (Platform, Services), Type (Public, Private, and Hybrid and Consortium), Provider, Application (Asset Tracking, Smart Contracts), Enterprise Size, Vertical (FMGC, Healthcare), and Region - Global Forecast to 2026
, published by MarketsandMarkets, the Blockchain Supply Chain Market size to grow from USD 253 million in 2020 to USD 3,272 million by 2026, at a Compound Annual Growth Rate (CAGR) of 53.2% during the forecast period. Increasing popularity of blockchain technology in retail and SCM, growing need for supply chain transparency and rising demand for enhanced security of supply chain transactions are major growth factors for the market.
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