Industry Background:
Blockchain in logistics is becoming a major trend in the logistics industry. Blockchain is becoming game changer in this industry. There are many new start-ups are entering in this market provide an advance blockchain-based platform in logistics. The blockchain supply chain market will reach around USD 3.6 billion in FY 2023. There are various companies that are highly investing in blockchain technology. For instance, recently Domino’s Pizza revealed that they are implementing blockchain technology in Singapore and Malaysia.This growth is primarily driven by Development in the logistics industry, today logistics industry became a multi-trillion US dollar industry and becoming the backbone of every trade around the globe. As the logistics industry is facing many challenges at their different stages in their supply chain. Increasing issues such as multiple geographical locations handling, this drives the advance technology in the logistics industry..
Globally, a noticeable market trend is evident Increase in Investment in Research & Development
. Major Manufacturers, such as Maersk (Denmark), Microsoft (United States), COSCO (China), Amazon (United States), Walmart (United States), Shipchain (United States), EXL Service (United States), DHL (Germany), SAP (Germany) and EnHelix (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In Mar 2020, Data Gumbo Corporation announced the collaboration, through this initiative the company delivers the best experience of blockchain in the transportation industry. With strategic improvement, the company is aiming to become more competitive in the industry and gain more market share.
Market Drivers
- Development in the logistics industry, today logistics industry became a multi-trillion US dollar industry and becoming the backbone of every trade around the globe. As the logistics industry is facing many challenges at their different stages in their supply chain. Increasing issues such as multiple geographical locations handling, this drives the advance technology in the logistics industry.
Market Trend
- Increase in Investment in Research & Development
- Rising Number of New Market Entrants
Restraints
- The Slowdown in Logistics Industry Because of the Coronavirus Pandemics
- The Decline in Economy in the United States Region
Opportunities
Growing Demand for Low-Cost Services in Logistics Industry and Increasing Awareness Related Faster Transaction an Eliminating Efficiency
Challenges
Lack of Acceptance of Blockchain Among Logistics Industry, High Complexity and Rising Concern Related Data Security
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Blockchain in Logistics Study Sheds Light on
The Blockchain in Logistics Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Blockchain in Logistics industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Blockchain in Logistics industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.