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Here are a few statistics that highlight the need for organizations to adopt a robust compliance and management solution:
- The World Health Organisation (WHO) estimates that 1 in 10 people fall ill annually after consuming contaminated or adulterated food. Almost 420,000 people die each year, resulting in the loss of 33 million health years.
- More companies are adapting to blockchain technology today. As a result, the industries using blockchain in the global food market had a valuation of $139.6M in 2020. The expected CAGR of 51% should help it cross $1488M by 2026.
- Global TAM in the food industry could reach $5194.60 billion by 2029 from $2540.05 billion in 2022. The European TAM is expected to reach $96.94 billion by 2027, with a projected growth rate of 22.51%. The Naplozz App offers SAAS solutions to enable companies to tap the SAM and SOM and provide better customer service.
- Europe has over 9.6 million food-related companies, whereas the global figure could be substantially higher.
- With nearly 100,000 small to medium-sized companies in Hungary, the app has the potential to acquire a 65K potential subscriber base.
- Looking at the number of restaurants globally and in countries like the U.S., the app has immense potential to acquire a significant subscriber base.
- According to a report by Stellar Market Research, the global warehouse management system market size is projected to reach $6.22bn by 2027. However, labor-intensive installation and higher initial investment costs are significant challenges faced by the industry
- Amazon Robotics is one of the largest companies using robotics technology in warehouse management. Its robots are used in Amazon's fulfillment centers to help speed up the process of picking and packing orders.
- IBM is one of the major players in blockchain innovation in warehouse management. Its blockchain-based platform, TradeLens, helps to digitize supply chain processes and provides real-time visibility into shipments. Major players in the logistics industry have already adopted the platform.
- VeChain is a blockchain-based platform that enables real-time tracking of products throughout the supply chain. Its VeChain ToolChain platform provides a range of solutions for supply chain management, including warehousing, inventory management, and product traceability.
- A study found that the global blockchain in logistics market size is expected to reach $1620 billion by 2028, growing at a CAGR of 62.4% from 2021 to 2028. The adoption of blockchain technology in warehouse management can help reduce the risk of fraud, increase transparency, and improve efficiency.
- A report by McKinsey & Company shows that Implementing blockchain technology in office management can help automate and secure administrative tasks, improve data management, and increase transparency.
- A report by ZDNet predicts that the enterprise blockchain market will reach $360 billion by 2026, driven by the increasing adoption of blockchain technology in various industries, including office management. Blockchain technology can help increase efficiency, reduce costs, and improve data security in office environments.
- A report by Deloitte states that blockchain technology can help to improve efficiency and reduce costs in office management by automating administrative tasks, streamlining supply chain processes, and improving data management. The report suggests that companies should explore blockchain technology to stay ahead of the competition.
- The Office of Personnel Management (OPM) of the U.S. federal government is exploring using blockchain technology to manage federal employee records. The use of blockchain technology can improve the accuracy and security of employee records and reduce the risk of fraud and errors.
- Naplozz is one solution for the predicted global blockchain technology market in the office and administrative operations sector, which is expected to grow by $226.30 billion by 2023, driven by the need for data security and privacy, as reported by Statista. Naplozz can track logs, manage tasks and streamline production processes using blockchain technology.
- Blockchain technology has the potential to revolutionize the financial industry by enabling secure and transparent financial transactions. The market for blockchain technology in the financial sector is expected to reach $19.9 billion by 2025.
- The use of blockchain technology in banking can help to reduce transaction costs and increase efficiency. According to a report by Computer Weekly, the use of blockchain technology can result in a 30% reduction in infrastructure costs for banks
- PwC reports that 77% of financial sector respondents to a survey say they plan to adopt blockchain in the future. Blockchain can improve transparency, reduce fraud, and increase efficiency in financial services.
- The Global Health care IT market is predicted to reach $947.5 billion by 2027. Still, security concerns like privacy breaches and leakage of sensitive healthcare records are the challenges faced by this industry.
- Blockchain technology in health care is valued at $281 million and is expected to grow over 52.1% by 2027. The main factors driving this growth are the need to secure and store medical data and cost saving in healthcare applications.
- Many companies are now using blockchain technology in healthcare. One example of such is Ciox Health. Ciox Health specializes in healthcare information management. Its services encompass a range of areas, including the release of information, record retrieval, and health information management.
- A U.S. survey conducted in 2019 found that 20% of C-level executives reported using Blockchain or Distributed Ledger Technology in their healthcare organizations. On the other hand, the implementation of these technologies rose to 28% in upper market organizations surveyed.
- As the saying goes , if you don’t adopt with time ,you get out of the survival race. In early 2020, a survey was conducted to determine the healthcare industry sectors most susceptible to disruption due to technological innovations. Based on the responses, 33% of the participants identified brick-and-mortar pharmacies as the sector most at-risk, while 24% indicated that hospital systems were most vulnerable.
- Another report by The Business Research Company predicts that the global blockchain technology market size in the manufacturing sector will reach $0.14 Trillion in 2023, driven by the need for supply chain transparency and efficiency. Using Naplozz, manufacturers can ensure the quality of each step in the production process using blockchain technology.
- Blockchain technology can also help in preventing fraud in the hotel industry. According to a report by American Hotel & Lodging Association (AHLA), fraudulent bookings cost the hotel industry over $5.7 billion annually. Whether you're running a boutique hotel or a global chain, Naplozz ensures that every guest gets what they paid for: a perfect stay every time.
- A report by McKinsey & Company suggests that personalization is crucial to the industry’s future. By offering personalized experiences, hotels can increase guest satisfaction and loyalty, ultimately driving revenue growth.
- A report by MarketsandMarkets estimates that the global blockchain in retail market size will grow from USD 44.2 million in 2017 to USD 2,339 million by 2023, with a CAGR of 96.4% during the forecast period. Naplozz timesheet assistant could aid the retail industry by enabling easy and fast record creation and an automated log wizard, streamlining workflow processes while ensuring data accuracy and security.
- The use of blockchain technology in supply chain management can reduce fraud and counterfeiting and improve traceability, accountability, and transparency. According to a report by DHL and Accenture, implementing blockchain in supply chain management saves 7.5 billion dollars lost in fraud every year.
- The Walmart food safety blockchain, implemented in 2018, has reduced the time it takes to trace a food product from six days to just 2.2 seconds. Here is a table that provides some estimates of the number of establishments or businesses in each of the industries:
Manufacturing companies can range from small, local operations to large multinational corporations, and the definition of a manufacturing company can vary depending on the industry, the country, and the specific criteria used.
However, according to a report by the United Nations Industrial Development Organization (UNIDO), in 2019, there were approximately 30.6 million manufacturing companies globally, employing over 460 million people. It is important to note that this figure includes all types of manufacturing companies, including small and medium-sized enterprises (SMEs) that may only employ a few people.