Blockchain in Retail The growing focus on improving the efficiency of the retail supply chain is a significant factor influencing the growth of the market.
— Emerging research
VANCOUVER, BC, CANADA, May 11, 2022 /EINPresswire.com/ —
The Global blockchain in the retail market is expected to reach a substantially large market size of USD 60.97 billion by 2028 and record a very rapid revenue growth rate over the forecast period, according to the latest analysis from Emergen Research. The growing demand for blockchain in retail can be attributed to the growing demand for improved retail supply chain efficiency. Blockchain technology is considered of immense importance in transforming Omni Channel supply chains in the retail sector. Blockchain helps in the maintenance and management of chain-of-custody information, supply chain data and autonomous transactions, and thus helps retailers build customer trust by bringing transparency into the movement some products. Furthermore, the implementation of blockchain in the retail supply chain provides retailers with better insights into the supply chain process – from start to finish – and, in turn, enables retailers to provide accurate information to the end user.
The report considers the COVID-19 pandemic as one of the major influencing factors for the Blockchain in Retail market. The pandemic has disrupted the supply chains and economic scenario of the market and hampered the growth of the market. The report examines in detail the overall impact of the COVID-19 pandemic on the Blockchain in Retail market and its key segments. The report also offers current and future impact of the COVID-19 pandemic on the market.
𝐆𝐞𝐭 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐢𝐧 𝐑𝐞𝐭𝐚𝐢𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 @ @ https://www.emergenresearch.com/request-sample/485
𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭
In October 2020, Coinbase announced the introduction of the Crypto Debit Card in the United States (except Hawaii) for retail spending.
Revenue from the application provider segment is expected to grow at the fastest rate during the forecast period. Some of the major benefits offered by blockchain application vendors include reduced IT capital expenditure, simplified maintenance of blockchain applications, and improved collaboration.
It is estimated that the identity management segment will account for a substantially large market size in 2020. Blockchain in retail helps protect customer identities from breaches and theft. Blockchain allows individuals to create a self-sovereign identity (SSI), eliminating the need to create multiple usernames and passwords, and allows customers to manage their digital identity independently.
𝐓𝐨 𝐠𝐞𝐭 𝐥𝐞𝐚𝐝𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬, 𝐯𝐢𝐬𝐢𝐭 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐛𝐞𝐥𝐨𝐰:
The competitive landscape of the report has been formulated considering all the essential parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial condition, market position and expansion plans. The report also examines in detail recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government agreements, and partnerships, among others. The report also throws light on recent technological developments and product advancements in the Blockchain in Retail market.
Furthermore, the report provides details about new players entering the market, barriers to entry and offers strategic recommendations to overcome these hurdles to gain a substantial presence in the industry.
𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐢𝐧 𝐢𝐧 𝐑𝐞𝐭𝐚𝐢𝐥 𝐚𝐫𝐞 𝐚𝐫𝐞:
Amazon Web Services, IBM Corporation, Auxesis Group, SAP SE, Coinbase, Microsoft Corporation, Oracle, Blockpoint, Cegeka and BTL Group.
𝐄𝐦𝐞𝐫𝐠𝐞𝐧 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐡𝐚𝐬 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐞𝐝 𝐭𝐡𝐞 𝐛𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐢𝐧 𝐫𝐞𝐭𝐚𝐢𝐥 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧 𝐭𝐞𝐫𝐦𝐬 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐫, 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧, 𝐬𝐢𝐳𝐞 𝐨𝐟 𝐨𝐫𝐠𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧, 𝐚𝐧𝐝:
Vendor Outlook (Revenue, USD Million; 2018-2028)
Application Outlook (Revenue, USD Million; 2018-2028)
Payments and smart contracts
Loyalty and rewards management
Supply chain management
Organization Size Outlook (Revenue, USD Million; 2018-2028)
Small and medium enterprises
The global blockchain in retail market is further analyzed in major geographical locations where the market has expanded to significant size. The main regions analyzed are North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. The report offers analysis by country to provide a comprehensive analysis of the Blockchain in Retail market in terms of production & consumption patterns, supply & demand ratio, import/export, revenue contribution, trends and presence of leading players in each region.
𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 :
North America (USA, Canada)
Europe (UK, Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
The comprehensive Global Blockchain in Retail Market report added by Emergen Research demonstrates that the Global Blockchain in Retail Market is expected to grow at a stable CAGR throughout the forecast period. The report has analyzed the key market drivers, restraints, growth opportunities, investment opportunities, threats and limitations of the Blockchain in Retail Market. The report also offers an accurate forecast estimate at global and regional level to give a better understanding of the scope of the market.
𝐑𝐚𝐝𝐢𝐜𝐚𝐥 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐢𝐧 𝐑𝐞𝐭𝐚𝐢𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:
The report includes an overview of the Blockchain in Retail market along with market share, supply and demand relationship, production and consumption patterns, supply chain analysis and analysis. other key elements.
An in-depth analysis of the different approaches and procedures undertaken by key players to conduct their business effectively
Offers an overview of production and manufacturing value, products and services offered in the market, and fruitful information on investment strategies
Supply chain analysis along with the technological advancements offered in the report
The report covers an in-depth analysis of the Blockchain in Retail industry trends, drivers, restraints, limitations, threats and growth opportunities.
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Blockchain in retail market size – USD 342.2 million in 2020, market growth – at a CAGR of 90.7%, market trends – Growing demand for smart contracts