Blockchain Technology Market in the Transportation and Logistics Industry 2024-2028 – ResearchAndMarkets.com’s Offering
The blockchain technology market in the transportation and logistics industry is set to experience significant growth in the coming years, according to a new report from ResearchAndMarkets.com. The report predicts that the market will grow by USD 6.91 billion between 2023 and 2028, with a compound annual growth rate of 60.82%.
Key drivers of this growth include the increasing use of blockchain technology in trucking, the rapid expansion of the e-commerce industry, and a rise in cargo thefts. The report also highlights the emergence of Blockchain as a Service (BaaS) as a major factor driving market growth, along with the growing demand for green logistics and strategic alliances.
The market is segmented by mode of transportation, end-user, and region, with North America, Europe, APAC, South America, and the Middle East and Africa all playing key roles in the market’s development. The report provides a detailed analysis of leading vendors in the market, including companies like Accenture, Amazon, IBM, and Microsoft.
Overall, the report offers valuable insights into the current market scenario, trends, and drivers shaping the blockchain technology market in the transportation and logistics industry. Companies in this sector can use this information to strategize and capitalize on upcoming growth opportunities.
