DUBLIN–(BUSINESS WIRE)–Oct 8, 2021–
Amid the COVID-19 crisis, the global market for Blockchain Supply Chain estimated at US$519.6 Million in the year 2020, is projected to reach a revised size of US$34.9 Billion by 2027, growing at a CAGR of 82.4% over the analysis period 2020-2027.
Product Traceability, one of the segments analyzed in the report, is projected to record a 75.9% CAGR and reach US$8.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Payment & Settlement segment is readjusted to a revised 80.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $159.6 Million, While China is Forecast to Grow at 78.4% CAGR
The Blockchain Supply Chain market in the U.S. is estimated at US$159.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.3 Billion by the year 2027 trailing a CAGR of 78.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 73.3% and 70.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 56.6% CAGR.
Counterfeit Detection Segment to Record 84.6% CAGR
In the global Counterfeit Detection segment, USA, Canada, Japan, China and Europe will drive the 84.7% 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. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.5 Billion by the year 2027.
Select Competitors (Total 33 Featured):
- Algorythmix
- Applied Blockchain
- Auxesis Group
- AWS
- Bitfury
- Blockverify
- BTL Group
- Chainvine
- Datex Corporation
- Digital Treasury Corporation
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
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INDUSTRY KEYWORD: LOGISTICS/SUPPLY CHAIN MANAGEMENT DATA MANAGEMENT TRANSPORT TECHNOLOGY SOFTWARE
SOURCE: Research and Markets
Copyright Business Wire 2021.
PUB: 10/08/2021 06:28 AM/DISC: 10/08/2021 06:28 AM
Copyright Business Wire 2021.
