The Blockchain Supply Chain Finance Market Research Report 2021 was recently published, which also includes forecasts for the blockchain market up until 2028.
- Growth of 35% per year for the blockchain market
- China dominates
Growth of 35% per year for the blockchain market
According to this report, the CAGR (Compound Annual Growth Rate) of the Blockchain Supply Chain Finance industry over the next few years will average 34.9%.
This means that annual growth is expected to be around 35%, which could lead to overall growth of 10 times the 2021 levels in 2028.
As the global economy recovers, Blockchain Supply Chain Finance industry growth is expected to undergo significant changes from 2021. While in 2021 it was a nearly $16 billion market, it could reach $130 billion in 2028.
The Blockchain Supply Chain Finance report provides demographics, insights, trends and details of the competitive landscape of this niche industry, and includes discussions of the impact and recovery from the pandemic.
It contains a comprehensive revenue analysis of various industry players for the period 2017-2022, the main ones being: IBM, Ripple, Deloitte’s Rubix, Accenture, Distributed Ledger Technologies, Oklink, Nasdaq Linq, Oracle, AWS (Amazon Web Services), Citi Bank, eLayaway, HSBC, Ant Financial, JD Financial, Qihoo 360, Tencent, Baidu, Huawei, Bitspark, and SAP.
The blockchain sector is dominated by China
In particular, China is the target market for this sector, in addition to the US, but the German, Japanese and Korean markets will also be of interest.
The sub-sectors included in the report are information technology (IT) solutions, FinTech, banking, consulting and financial markets.
As far as applications are concerned, the main ones are cross-border payments, trade finance, digital currencies and identity management.
The regions under consideration are the Americas, APAC (Asia/Pacific), Europe, the Middle East and Africa.
The source is Precision Reports, which is a company that seeks to understand the patterns within which the market is moving in order to come up with better strategies.