Blockchain Technology in Transportation and Logistics Market to See Huge Demand by 2030
According to HTF Market Intelligence, the Global Blockchain Technology in Transportation and Logistics market to witness a CAGR of 39.78% during forecast period of 2023-2028. The market is segmented by Global Blockchain Technology in Transportation and Logistics Market Breakdown by Application (SMEs, Large Enterprise) by Type (Software, Service) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Blockchain Technology in Transportation and Logistics market size is estimated to increase by USD 1341.92 Million at a CAGR of 39.78% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 888.97 Million.
HTF Market Intelligence published a new research publication on Blockchain Technology in Transportation and Logistics Market Insights, to 2028″ with 150+pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Blockchain Technology in Transportation and Logistics market was mainly driven by the increasing R&D spending across the world, however latest scenario and economic slowdown have changed complete market dynamics. Some of the key players profiled in the study are Capgemini (France), Infosys Ltd. (India), IBM Corporation (United States), Microsoft Corporation (United States), Oracle Corporation (United States), SAP SE (Germany), Tata Consultancy Services Ltd. (India), Tencent Holdings Ltd. (China), Wipro Ltd. (India)
Definition:
The Blockchain Technology in Transportation and Logistics Market refers to the application of blockchain technology in the transportation and logistics industry to improve transparency, security, and efficiency in the supply chain. Blockchain technology is a decentralized, digital ledger that records transactions and allows secure sharing of data among participants in a network.
Market Trends:
Combining Blockchain and IoT
Market Drivers:
Faster and Leaner Logistics in Global Trade
Market Opportunities:
Increasing Venture Capital Funding And Investments In Blockchain Technology
The titled segments and sub-section of the market are illuminated below:
The Study Explore the Product Types of Blockchain Technology in Transportation and Logistics Market: Software, Service
Key Applications/end-users of Blockchain Technology in Transportation and Logistics Market: SMEs, Large Enterprise
Actual Numbers & In-Depth Analysis of Global Blockchain Technology in Transportation and Logistics Market Size Estimation and Trends Available in Full Version of the Report.
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