Blockchain in Retail Market: Current Status, Opportunities, and Future Prospects

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Increasing focus on improving retail supply chain efficiency is a significant factor influencing market growth.

The objectives of this study are to define, segment, and project the size of the Blockchain in Retail Market based on company, product type, application and key regions.

The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Blockchain in Retail Market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.

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The global blockchain in retail market is projected to reach a substantially large market size of USD 60.97 Billion by 2028 and register a significantly rapid revenue growth rate over the forecast period. The growing demand for blockchain in retail can be attributed to increasing demand for improving retail supply chain efficiency. Blockchain technology is considered to be of immense significance in transforming omnichannel supply chains in the retail industry.

Blockchain helps in maintenance and management of chain-of-custody information, supply chain data, and autonomous transactions, and thereby assists retailers in building customer trust by bringing transparency in the movement of products. Also, implementation of blockchain in retail supply chain provides retailers better insights into the supply chain process – from beginning to end – and in turn, enables retailers to provide precise information to the end-user.

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The global Blockchain in Retail market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Blockchain in Retail market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Blockchain in Retail market.

Emergen Research has segmented the blockchain in retail market in terms of provider, application, size of organization, and region:

Provider Outlook (Revenue, USD Million; 2018–2028)

  • Application Provider
  • Middleware Provider
  • Infrastructure Provider

Application Outlook (Revenue, USD Million; 2018–2028)

  • Identity Management
  • Compliance Management
  • Payments Smart Contracts
  • Loyalty and Rewards Management
  • Supply Chain Management
  • Advertising
  • Others

Size of Organization Outlook (Revenue, USD Million; 2018–2028)

  • Small Medium-sized Enterprises
  • Large Enterprises

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Competitive Outlook:

The global Blockchain in Retail market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.  The global Blockchain in Retail market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.

Key participants include Amazon Web Services, IBM Corporation, Auxesis Group, SAP SE, Coinbase, Microsoft Corporation, Oracle, Blockpoint, Cegeka, and BTL Group.

You need to discover how this will impact the Blockchain in Retail market today, and over the next 10 years:

Our 250-page report provides 194 tables and 189 charts/graphs exclusively to you.

The report highlights key lucrative areas in the industry so you can target them – Now.

It contains in-depth analysis of global, regional and national sales and growth.

It highlights for you the key successful trends, changes and revenue projections made by your competitors.

This report tells you Today how the Blockchain in Retail market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.

Regional Segmentation;

North America (U.S., Canada)

Europe (U.K., 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 Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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