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The rising adoption of blockchain technology in supply chain management is driving the demand of the market. <br><br>
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Blockchain Technology Market Size Worth USD 111.58 Billion by 2027 www.emergenresearch.com The rising adoption of blockchain technology in supply chain management is driving the demand of the market.
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Market Summary The global Blockchain Technology Market will be worth USD 111.58 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the rising adoption of blockchain technology in supply chain management. Blockchain technology help in the flow of information through multiple nodes, and it also helps in back-tracking the origin of the products. The blockchain technology can efficiently handle the tracking of the raw materials and enhance the transparency of the supply system. The increased transparency of the supply chain provides more visibility to both consumers and businesses and reduces fraud for high-value goods such as pharmaceutical drugs and diamonds. The usage of blockchain technology reduces communication or transfer data errors as it provides all t parties involved in a supply chain with the same information. www.emergenresearch.com
Market Summary • Some Key Highlights From the Report • In November 2019, Coke One North America (CONA) acquired the blockchain technology of SAP. The acquisition was performed to streamline the supply chain processes between the 70 franchised bottling companies, and it also increased efficiency and transparency of the CONA's complex production line. • The private segment held the largest market share of 46.6% in 2019, as it is more centralized in nature than the public blockchain. Moreover, private blockchain can process faster transactions and are also far more scalable. • Small & Medium enterprises are forecasted to grow with the fastest CAGR of 68.0% over the forecast period as more number of startups are adopting blockchain technology. • The Infrastructure segment held the largest market share of the blockchain technology in 2019 due to the increasing demand for the blockchain protocol such as Openchain, Ethereum, BigChainDB, and Hyperledger. • Request Free Sample Copy@ https://www.emergenresearch.com/request-sample/274 www.emergenresearch.com
Market Summary • Emergen Research has segmented the global Blockchain Technology Market on the basis of Type, Enterprise size, Provider, Application, and region: • Type Outlook (Revenue, USD Billion; 2017-2027) • Private • Public • Hybrid • Enterprise size Outlook (Revenue, USD Billion; 2017-2027) • Small & Medium Enterprises • Large Enterprises • Provider Outlook (Revenue, USD Billion; 2017-2027) • Application • Middleware • Infrastructure • Read More@ https://www.emergenresearch.com/industry-report/blockchain-technology-market
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