Claim your 30% discount on Global Market Reports with code ONLINE30. Limited time only.

How Large Is the Blockchain In Logistics Market Expected to Be in 2029?

In recent years, the market size of blockchain in logistics has seen a significant surge. It is projected to expand from $14.94 billion in 2024 to $22.72 billion in 2025, experiencing a compound annual growth rate (CAGR) of 52.1%. The historical growth can be associated with increasing utilization of IoT and blockchain, a heightened demand for transparency and traceability, enhancing supply chain efficiency via automation, escalating investments in blockchain solutions, and the proliferating e-commerce industry.

The capacity of the blockchain in logistics market is projected to witness a significant surge in the coming years. With a compound annual growth rate (CAGR) of 51.8%, it’s anticipated to reach $120.6 billion by 2029. This growth is influenced by factors such as improved lifestyles and an increase in disposable income, a growing inclination towards digital channels, heightened demand for transparency and traceability, and the acceptance of smart contracts. Some of the major trends set to dominate this period include the automation of smart contracts, the rise of collaborative platforms, the application of blockchain in ocean freight, the integration of AI and IoT, and the use of private blockchain networks.

Download The Free Sample Report Here:

https://www.thebusinessresearchcompany.com/sample.aspx?id=24898&type=smp

What Are The Contributors To Demand In The Blockchain In Logistics Market?

The surge in calls for more openness and accountability is anticipated to fuel the expansion of the blockchain in logistics market. Openness and accountability pertain to the capability to monitor and freely disclose data flow, activities, or procedures within a system or institution. This rising need for openness and accountability arises from regulatory adherence to ensure organizations comply with laws and standards, thereby minimizing legal issues and evading fines. Blockchain in logistics aids in intensifying this transparency and accountability by establishing a secure, immutable digital register where every deal or commodity movement is documented in real time. This enables all parties involved to access precise, unchangeable data throughout the supply chain. For example, an April 2024 report from the International Center for Trade Transparency and Monitoring, a UK-based organization dedicated to improving transparency and traceability in international trade, indicated an increase of 12% with 55% of companies now desiring more profound comprehension of their supply chains than earlier in the year. Thus, the escalating demand for transparency and accountability is driving the growth of the blockchain in logistics market.

What Segmentation Categories Are Included In The Blockchain In Logistics Market Analysis?

The blockchain in logistics market covered in this report is segmented –

1) By Product: Public Blockchain, Private Blockchain, Other Products

2) By Deployment Model: On-Premises, Cloud-Based

3) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SME)

4) By Application Area: Supply Chain Management, Inventory Management, Shipment Tracking, Smart Contracts, Cross-Border Payment Solutions

5) By Industry Vertical: Retail And Manufacturing, Healthcare, Food And Beverage, Automotive, Oil And Gas, Other Industry Verticals

Subsegments:

1) By Public Blockchain: Ethereum-Based Logistics Solutions, Bitcoin-Based Supply Chain Platforms, Open Source Blockchain Platforms, Token-Based Freight Tracking Systems

2) By Private Blockchain: Hyperledger Fabric-Based Logistics Networks, Enterprise-Grade Blockchain-As-A-Service (BaaS), Custom Blockchain Platforms For Internal Logistics

3) By Other Products: Consortium Or Hybrid Blockchain Solutions, Blockchain Middleware Platforms, Blockchain-Enabled IoT Integration Tools, Blockchain APIs For Logistics Applications

What Upcoming Trends Are Expected To Impact The Blockchain In Logistics Market Globally?

Key players within the blockchain in logistics market are taking advantage of cutting-edge technology solutions like blockchain-based tracking to improve supply chain clarity, enhance real-time monitoring, and mitigate fraud. Essentially, a blockchain-based tracking system utilizes blockchain technology for recording, storing, and validating the transit of goods across the supply chain in a secure, transparent, and tamper-proof fashion. For example, Mitsubushi Logistics Inc., a Japanese logistics company, rolled out ML Chain in November 2022. This is a blockchain-powered tracking solution that increases the safety, transparency, and quality management of pharmaceutical shipments. The platform facilitates real-time shipment monitoring, including temperature tracking, while providing tamper-proof records through distributed ledger technology. Currently being utilized by businesses such as Takeda Pharmaceutical, ML Chain enforces compliance with Good Distribution Practice (GDP) standards and also confirms the credibility of subcontractors through smart contracts.

Who Are The Top-Ranked Companies In The Blockchain In Logistics Market Today?

Major companies operating in the blockchain in logistics market are Microsoft Corporation, Alibaba Group Holding Limited, Huawei Technologies Co Ltd, DHL Group, FedEx Corporation, Amazon Web Services Inc., International Business Machines Corporation, A P Møller – Mærsk A S, Intel Corporation, Oracle Corporation, Kuehne + Nagel, SAP SE, C.H. Robinson, Ripple Labs Inc., The Bitfury Group Limited, Waltonchain Technology Co Ltd, Ambrosus Technologies GmbH, Modum io AG, ShipChain Inc., Everledger Limited, OriginTrail doo, CargoCoin Ltd.

Get The Full Report Here:

https://www.thebusinessresearchcompany.com/report/blockchain-in-logistics-global-market-report

How Is Blockchain In Logistics Market Adoption Varying Across Different Regions And Sectors?

North America was the largest region in the blockchain in logistics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blockchain in logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Request For A Customized Report:

https://www.thebusinessresearchcompany.com/customise?id=24898&type=smp

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Get in touch with us:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 310-496-7795

Asia +44 7882 955267 & +91 8897263534

Europe +44 7882 955267

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model