The global blockchain in retail market was estimated at $83.00 million in 2018 and is expected to hit $11.18 billion by 2026, registering a CAGR of 84.6% from 2019 to 2026. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Key industry 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).
An increase in need to ensure quality, reliability, authenticity, and product safety, rise in investment by retail industries in blockchain-based solutions, and upsurge in transactions transparency drive the growth of the global blockchain in retail market. On the other hand, the scarcity of skilled experts restrains the growth to some extent. Nevertheless, rapid change in retail sector and international trade is anticipated to create lucrative opportunities in the future.
The global blockchain in retail market is analyzed across component, application, organization size, and region. Based on component, the platform segment garnered the major share 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 to more than two-fifths of the global market in 2018, and is expected to maintain the lion’s share by 2026. Simultaneously, the region across Asia-Pacific would manifest the fastest CAGR of 92.0% from 2019 to 2026. The other provinces discussed in the report include Europe and LAMEA.
Download Sample Report (Get Full Insights in PDF – 253 Pages) at:
Based on application, the payments & smart contracts segment accounted for more than two-fifths of the total market revenue in 2018, and is anticipated to retain its dominance by the end of 2026. At the same time, the loyalty and rewards management segment would cite the fastest CAGR of 97.0% from 2019 to 2026.
- The outbreak of the pandemic led to closure of several retail outlets across the world, which in turn decreased the demand for blockchain technology in the retail sector.
- However, the global blockchain in retail market is expected to revive post pandemic, as the technology comes with the potential to provide on-time delivery, real-time information, and record-time service for retailers.
For Purchase Enquiry:https://www.alliedmarketresearch.com/purchase-enquiry/2986
Lastly, this report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, and researchers and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.