Blockchain Technology Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth Analysis
The blockchain technology will grow at a CAGR of 67.12% during 2021-2025. Prices will increase by 5%-7% during the forecast period and suppliers will have a moderate bargaining power in this market. Microsoft Corp., IBM Corp., Deloitte Touche Tohmatsu Ltd., Accenture Plc, Capgemini SE, Ernst & Young Global Ltd., PricewaterhouseCoopers International Ltd, Cognizant Technology Solutions Corp., Infosys Ltd., and Wipro Ltd. are among the prominent suppliers in blockchain technology market.
Who are the Top Suppliers in the Blockchain Technology Market?
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Leading global suppliers can assist buyers in realizing high-cost savings through their efforts on areas such as supplier synergies, reduction in ad-hoc spend, reducing total ownership cost, level of automation, quality management, ad-hoc spend management, adoption of automation, cost of quality impact, and conference participation. Collaborations with global suppliers will also help buyers in cost-saving and ensuring high-quality procurement in the dynamic market.
This report offers key advisory and intelligence to help buyers identify and shortlist the most suitable suppliers for their blockchain technology requirements. Some of the leading blockchain technology suppliers profiled extensively in this report include:

Microsoft Corp.
IBM Corp.
Deloitte Touche Tohmatsu Ltd.
Accenture Plc
Capgemini SE
Ernst & Young Global Ltd.
PricewaterhouseCoopers International Ltd
Cognizant Technology Solutions Corp.
Infosys Ltd.
Wipro Ltd.

Supplier Selection and Evaluation
Profile and service capabilities of the service provider, industry specialization of the service providers, reputation of service providers, and assessment of value-added services are some of the most critical parameters that buyers use to shortlist the suppliers in blockchain technology.
This report evaluates suppliers based on width of portfolio, proven track record of blockchain implementation, innovation capabilities, and ability to offer scalability. In addition, suppliers are also shortlisted based on business needs, technical specifications, operational requirements, security compliance, regulatory mandates, legal requirements, quality control, change management procedures, pricing models, penalty clauses, SLA nuances, acceptance criteria, and evaluation criteria.
What are the Major Pricing Trends in Blockchain Technology Procurement?
The pressure from substitutes and a moderate level of threat from new entrants has resulted in the moderate bargaining power of suppliers. This makes it extremely important to get the pricing and pricing model right. Buyers should align their preferred pricing models for blockchain technology with the wider industry and identify the cost-saving potential.
Subscription-based pricing model and pay-as-you-go pricing model are the most widely adopted pricing models in the blockchain technology. Each pricing model offers optimum benefits and fitment in specific situations. Buyers should identify the model that suits their operations in the best manner and link supplier performance to the pricing models.