Global Blockchain Supply Chain Market to Reach $22 Billion by 2026
Alastair Caithness
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SAN FRANCISCO,?Aug. 26, 2021?/PRNewswire/ --?A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled?"Blockchain Supply Chain - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition:?7;?Released:?April 2021
Executive Pool:?711
Companies:?33 - Players covered include Algorythmix; Applied Blockchain; Auxesis Group; AWS; Bitfury; Blockverify; BTL Group; Chainvine; Datex Corporation; Digital Treasury Corporation and Others.
Coverage:?All major geographies and key segments
Segments:?Application (Product Traceability, Payment & Settlement, Counterfeit Detection, Smart Contracts, Other Applications); Vertical (Retail & Consumer Goods, Healthcare & Life Sciences, Manufacturing, Oil & Gas, Other Verticals)
Geographies:?World;?United States;?Canada;?Japan;?China;?Europe?(France;?Germany;?Italy;?United Kingdom; and Rest of?Europe);?Asia-Pacific; Rest of World.
Complimentary Project Preview -?This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass? Platform which offers thousands of data bytes without an obligation to purchase our report.?Preview Registry
ABSTRACT-
Global Blockchain Supply Chain Market to Reach?$22 Billion?by 2026
Amid the COVID-19 crisis, the global market for Blockchain Supply Chain estimated at?US$579.9 Million?in the year 2020, is projected to reach a revised size of?US$22 Billion?by 2026, growing at a CAGR of 82.7% over the analysis period. Product Traceability, one of the segments analyzed in the report, is projected to record a 76% CAGR and reach?US$9.6 Billion?by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Payment & Settlement segment is readjusted to a revised 81.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at?$311.2 Million?in 2021, While China is Forecast to Reach?$3.1 Billion?by 2026
The Blockchain Supply Chain market in the U.S. is estimated at?US$311.2 Million?in the year 2021.?China, the world`s second largest economy, is forecast to reach a projected market size of?US$3.1 Billion?by the year 2026 trailing a CAGR of 78.5% over the analysis period. Among the other noteworthy geographic markets are?Japan?and?Canada, each forecast to grow at 73.1% and 70.9% respectively over the analysis period. Within?Europe,?Germany?is forecast to grow at approximately 56.6% CAGR.
Counterfeit Detection Segment to Reach?US$4.1 Billion?by the year 2026
In the global Counterfeit Detection segment,?USA,?Canada,?Japan,?China?and?Europe?will drive the 79.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of?US$72.4 Million?in the year 2020 will reach a projected size of?US$5.3 Billion?by the close of the analysis period.?China?will remain among the fastest growing in this cluster of regional markets.?More
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