Global Blockchain Technology in Supply Chain Management Market was worth $262.9 million in 2021 and is estimated to $3153.7 million by 2028, a CAGR of 51.3%.
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The key factor that influence is the increasing popularity of blockchain technology in retail and SCM. A growing number of retailers are recognizing the potential of blockchain technology. This industry witnesses several transactions each day, along with the exchange of information daily. The amalgamation of blockchain technology with an SCM system avoids data manipulation, which is expected to be one of the biggest driving factors for the overall growth of the blockchain market.
According to the Market Research report, The Blockchain Technology in Supply Chain Management Market was worth around USD 262.9 million in 2021 and is estimated to grow to about USD 3153.7 million by 2028, with a compound annual growth rate (CAGR) of approximately 51.3 percent over the forecast period.
North America leads the global market as it is an early adopter of blockchain technology and is home to the greatest number of blockchain startups worldwide. The presence of strict regulations and trade agreements related to the supply chain across the region is also a driver of the blockchain supply chain here, with Asia leading the way, followed by Europe.
Some of the main competitors dominating the global private hospital market include - IBM (US), Microsoft (US), SAP (Germany), AWS (US), Oracle (US), Huawei (China), Guardtime (Estonia), TIBCO Software (US), Bitfury (The Netherlands), Interbit (Canada), Auxesis Group (India), VeChain (China), Chainvine (UK), Digital Treasury Corporation (China), Datex Corporation (US), OpenXcell (US), Algorythmix (India), BlockVerify (UK), and Applied Blockchain (UK).
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