Transparency in the retail supply chain, along with the demand for improved customer service, is driving market growth.
PORTLAND, OR, USA, Aug 9, 2021 /EINPresswire.com/ – Increased need to ensure product quality, reliability, authenticity and safety, increased investment by retail sectors in blockchain-based solutions and increased transaction transparency drive the growth of global blockchain in the retail market
Key market drivers include the growing interest in the adoption of blockchain technology in the retail and supply chain management industry, and the increasing need for efficiency and speed in businesses. retail and supply chain transactions. In addition, the rapidly transforming scenario of international trade and retail industry supported by increased venture capital funding and investments in favor of blockchain technology providers has further proliferated the prospects for growth. of the market.
The global blockchain in the retail market was estimated at $ 83.00 million in 2018 and is expected to reach $ 11.18 billion by 2026, registering a CAGR of 84.6% from 2019 to 2026.
Global blockchain in retail market is analyzed on the basis of components, applications, organization size and region. On the basis of components, the platforms segment won the bulk in 2018, holding more than two-thirds of the global market. Simultaneously, the services segment would grow at the fastest CAGR of 89.3% throughout the forecast period.
Based on region, North America contributed more than two-fifths of the global market in 2018 and is expected to retain the lion’s share by 2026. Simultaneously, the Asia-Pacific region is said to show the CAGR on faster by 92.0% from 2019 to 2026. Other provinces covered in the report include Europe and LAMEA.
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On the basis of applications, the payments and smart contracts segment accounted for more than two-fifths of the total market revenue in 2018 and is expected to maintain its dominance by the end of 2026. At the same time, the management segment of loyalty and rewards would quote the fastest CAGR of 97.0% from 2019 to 2026.
Profiling of key players: Auxesis Services & Technologies (P) Ltd., Tata Consultancy Services Limited, Bitfury Group Limited, Cognizant, Infosys Limited, International Business Machines Corporation (IBM), Microsoft Corporation, Oracle Corporation, SAP SE and Amazon Web Services, Inc. (AWS).
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Highlights of the report:
1. Comprehensive assessment of all opportunities and risks in the global market.
2. Blockchain in Retail Market Recent innovations and major events.
3. Detailed Study of Business Strategies for Blockchain Growth in Major Retail Market Players.
4. Conclusive study on the growth curve of Blockchain in the retail market for years to come.
5. In-depth understanding of blockchain in the retail market – particular drivers, constraints and major micro-markets.
6. Favorable impression within the latest vital technology and market trends hitting Blockchain in the retail market.
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Finally, this report provides market information in the most comprehensive way. The structure of the report has been maintained to provide maximum business value. It provides critical information on market dynamics and will enable strategic decision making for existing market players as well as for those who wish to enter the market.
1. FinTech Blockchain Market – https://www.alliedmarketresearch.com/fintech-blockchain-market-A09545
2. Digital Supply Chain Market – https://www.alliedmarketresearch.com/digital-supply-chain-market
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