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Blockchain Technology in Transportation and Logistics Market, Global Outlook and Forecast 2025-2032

Blockchain Technology in Transportation and Logistics Market, Global Outlook and Forecast 2025-2032

  • Published on : 06 January 2025
  • Pages :115
  • Report Code:SMR-8026034

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Report overview

The global Blockchain Technology in Transportation and Logistics market size was estimated at USD 3419.20 million in 2024 and is projected to reach USD 4862.45 million by 2032, exhibiting a CAGR of 4.50% during the forecast period.

North America Blockchain Technology in Transportation and Logistics market size was estimated at USD 961.00 million in 2024, at a CAGR of 3.86% during the forecast period of 2024 through 2032.

BlockchainTechnologyinTransportationandLogisticsmarket

Report Overview

Organizations need updated, secure and authentic data to make decisions. Blockchain ensures trustworthy data across the transportation and logistics ecosystem, since the entire network contributes to data validation. By using smart contracts, approvals and customs clearance can be quicker and more efficient, reducing processing times for goods at customs checkpoints.

This report provides a deep insight into the global Blockchain Technology in Transportation and Logistics market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Blockchain Technology in Transportation and Logistics Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Blockchain Technology in Transportation and Logistics market in any manner.

Global Blockchain Technology in Transportation and Logistics Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

  • Accenture Plc
  • Capgemini Services SAS
  • Infosys Ltd.
  • IBM
  • Azure
  • Oracle Corp.
  • SAP
  • Tata Consultancy Services Ltd.
  • Wipro Ltd.
  • EXL Service
  • DAC.digital
  • Arcbest
  • TransImpact
  • Including or Excluding key companies relevant to your analysis.

Market Segmentation (by Type)

  • Software
  • Service

Market Segmentation (by Application)

  • Sea
  • Land
  • Others

Geographic Segmentation

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Frequently Asked Questions (FAQs) on Blockchain Technology in Transportation and Logistics Market

1. What is the market size of Blockchain Technology in Transportation and Logistics in 2024?

The global Blockchain Technology in Transportation and Logistics market size was estimated at USD 3,419.20 million in 2024.

2. What is the projected market size of Blockchain Technology in Transportation and Logistics by 2032?

The market is projected to reach USD 4,862.45 million by 2032, exhibiting a steady growth rate.

3. What are the main growth drivers for Blockchain Technology in Transportation and Logistics?

Key drivers for the market include:

  • Increasing demand for transparency and traceability in supply chain operations.
  • Enhanced efficiency and reduced operational costs through smart contracts and automation.
  • Growing adoption of blockchain for fraud prevention and secure data sharing in logistics networks.

4. Which region is expected to lead the Blockchain Technology in Transportation and Logistics market?

North America is expected to hold a significant share in the market, driven by strong technological adoption, advanced infrastructure, and the presence of key market players.

5. What industries are driving the adoption of blockchain in transportation and logistics?

Blockchain technology is being widely adopted in industries like:

  • Freight and shipping: For tracking shipments and enhancing supply chain transparency.
  • Automotive logistics: For securing vehicle tracking and maintenance records.
  • Aviation: To improve inventory management and reduce paperwork.

Key Benefits of This Market Research:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Blockchain Technology in Transportation and Logistics Market
  • Overview of the regional outlook of the Blockchain Technology in Transportation and Logistics Market:

Key Reasons to Buy this Report:

  • Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
  • This enables you to anticipate market changes to remain ahead of your competitors
  • You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
  • The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
  • Provision of market value data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market from various perspectives through Porter