The growing focus on improving the efficiency of the retail supply chain is an important factor influencing the growth of the market.
VANCOUVER, BC, CANADA, January 12, 2022 /EINPresswire.com/ — The 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 critically important in transforming omnichannel supply chains in the retail industry. 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.
The Blockchain in Retail Market report provides valuable data about the major driving force, key players, emerging trends, gross margin, customer preference and profit in various regions for the forecast period 2021-2028. To help product owners craft a solid plan, the study takes a closer look at product pricing, technological innovation, key competitors, product launches, product pipeline, and key driving forces.
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Purpose of the report:
The report offers a comprehensive analysis of the Global Blockchain in Retail Market with details about each market player including company profile, financial standing, global position, revenue contribution, capacity to production and manufacturing, business expansion plans and new product launches. The major players are strategizing for various plans such as M&A acquisition, partnerships, joint ventures, licensing agreements, and collaborations. Amazon Web Services, IBM Corporation, Auxesis Group, SAP SE, Coinbase, Microsoft Corporation, Oracle, Blockpoint, Cegeka and BTL Group.
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.
The regional fork of blockchain in the retail market includes:
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 report aims to provide a comprehensive analysis of the global Blockchain in Retail market with significant details about the major market players from relevant primary and secondary research data. The report also aims to benefit the user by providing constructive data to better understand the market growth, size and investment approaches. Additionally, the report provides in-depth analysis of the Blockchain in Retail market, including key data, such as factors influencing market growth, buyers & sellers, production & consumption, and revenue.
Key Benefits of Buying Global Blockchain in Retail Report:
Complete analysis of the changing competitive landscape
Assistance with business decision-making processes as well as detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the global blockchain in retail market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends and opportunities
Comprehensive Regional Analysis of the Global Blockchain in Retail Market
In-depth profiling of key business stakeholders
Detailed analysis of factors influencing the growth of the global blockchain in retail market
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Emergen Research has segmented blockchain in the retail market by vendor, application, organization size, and region:
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
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