The global blockchain supply chain market size was valued at $93.16 Million in 2017 and is projected to reach $9,852.91 Million by 2025, growing at a CAGR of 80.2% from 2018 to 2025.
Applications for the Internet of Things (IoT) are helping to transform the global cargo sector. According to Berg Insight, the number of active tracking devices deployed for cargo loading units — including trailers, intermodal containers, rail freight wagons, air cargo containers, cargo boxes and pallets — reached 6.1 million worldwide in 2018.
“IDC thinks that a digital platform is essential to execute the innovation strategy. Such platforms have the fundamental role of integrating a company’s IT and business departments around a set of shared key capabilities that include an intelligent core that can continuously analyze data from internal and external environments.”
The North America retail market is an example of incumbent disruption and slow-moving, executive responses to technology-fueled change. The world’s largest consumer-driven economy is likely a precursor to market shifts that will impact retailers across the globe.
Juniper forecasts that the number of retailers using blockchain in the U.S. market alone will grow by over 7,500 percent between 2018 and 2023 to reach nearly 15,000 retailers by the end of 2023.
Cross-border transactions recorded on the blockchain will surge to 1.3 billion by 2023 — that’s a CAGR of 82% over the next 4 years. The value of transactions recorded on the blockchain will thus reach an unprecedented $3.4 trillion; a CAGR of 87% over the next 5 years.
via Juniper Research
Fintech innovation continues to disrupt the Global Networked Economy. The value of consumer spending on remote payments for digital and physical goods is estimated to have surpassed $3.3 trillion in 2018 — that’s up 10 percent on the 2017 total of $3 trillion.