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Blockchain in Logistics Market Share

Report ID: GMI10704
Published Date: Aug 2024
Report Format: PDF

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Blockchain in Logistics Market Share

IBM Corporation and Microsoft Corporation collectively held a significant share of the blockchain in logistics industry in 2023. IBM Corporation is a global leader in technology and consulting services, renowned for its innovative solutions in various industries, including logistics. In the realm of blockchain, IBM has been a pioneer, leveraging its blockchain platform to enhance supply chain transparency, efficiency, and security.

Microsoft Corporation, a leading global technology company, has been actively involved in the blockchain space, particularly in the logistics sector. Through its Azure Blockchain Service, Microsoft offers a cloud-based platform that enables businesses to develop, test, and deploy blockchain solutions.

Blockchain in Logistics Market Companies

Major players operating in the blockchain in logistics industry are:

IBM Corporation
Microsoft Corporation
Oracle Corporation
SAP SE
Amazon Web Services (AWS)
Intel Corporation
Maersk Line

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size of blockchain in logistics reached USD 19.5 billion in 2023, is set to expand at a CAGR exceeding 45% from 2024 to 2032, with AI integration accelerating the use of predictive analytics in logistics.

The tracking and tracing segment led the market, anticipated to exceed USD 300 billion by 2032, owing to blockchain and IoT's real-time data on the location and condition of goods throughout the supply chain.

North America market is expected to reach USD 350 billion by 2032, driven by the need for enhanced transparency and efficiency in supply chains.

IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Amazon Web Services (AWS), Intel Corporation, and Maersk Line.